Indian Institute of Technology - Bombay
Indian Institute of Technology - Bombay

IIT Bombay Placements 2024: Highest, Average and Median CTCs

Mumbai, Maharashtra

IIT Bombay Placement 2024 Latest Update: For the 2023-24 academic session, the Indian Institute of Technology Bombay (IIT Bombay) concluded its initial placement round, engaging with 388 firms from both domestic and global sectors. This phase witnessed 85 job offers, each with a CTC surpassing Rs 1 crore annually. The average annual salary for these phase 1 placements stood at Rs 24.02 lakh, marking an increase compared to the prior year's average of Rs 21.82 lakh.

As of December 20, 2023, students from IIT Bombay amassed 1,340 job offers, resulting in 1,188 successful job placements. Among these placements, seven students secured positions within public sector entities (PSUs). Additionally, out of the 297 pre-placement offers (PPOs) derived from internships, 258 were confirmed. On the global front, students received 63 job offers, with opportunities spanning countries like Japan, Taiwan, South Korea, the Netherlands, Singapore, and Hong Kong.

Indian Institute of Technology Bombay (IIT Bombay) Placement 2024: The Indian Institute of Technology (IIT), Bombay is renowned for its excellent placement record and attracts top recruiters from various industries. Graduates from IIT Bombay have been placed in leading companies both in India and abroad. In the first phase of placements for the 2023 graduating batch at IIT Bombay, the highest international package offered was INR 3.67 crore per annum (CPA), while the highest domestic package stood at INR 1.31 CPA. A total of 1431 students were successfully placed across 293 companies. Recruiters extended around 300 Pre-Placement Offers (PPOs) and made 1348 on-campus offers. Among these, 194 PPOs and 1237 offers were accepted by the students. Additionally, there were 71 international offers, of which 63 were accepted. Notably, 25 students secured packages above INR 1 crore per annum. The average package at IIT Bombay for the 2023 batch was INR 23.26 lakh per annum. 

IIT Bombay MBA placements for 2023, achieved a 100% placement rate. The average package for MBA graduates witnessed an 11% increase, reaching INR 28.88 lakh per annum. The highest package recorded for MBA students was INR 54 lakh per annum. A total of 115 students secured placements, with participation from top recruiters like Accenture, Amazon, PWC, Deloitte, EXL, HCL, and many more.

IIT Bombay Placement 2024: Statistics

IIT Bombay placement drive 2023 witnessed the highest international package offered was at INR 3.67 crore per annum (CPA), while the highest domestic package stood at INR 1.31 CPA. A total of 1431 students were successfully placed across 293 companies. Recruiters extended around 300 Pre-Placement Offers (PPOs) and made 1348 on-campus offers. Among these, 194 PPOs and 1237 offers were accepted by the students. 

Details

Placement Statistics

No. of Companies offered Jobs

293

Total No. of Offers Received

1648

Total No. of Offers accepted

1431

No. of PPOs Received

300

No. of PPOs accepted

194

No. of On-Campus Offers Received

1348

No. of On Campus Offers Accepted

1237

No. of International Offers

71

No. of International Offers Accepted

63

Highest International CTC

INR 3.67 CPA

Highest Domestic CTC

INR 1.31 CPA

Average Salary

INR 23.26 LPA

Top Recruiters

American Express, Honda Japan, McKinsey & Company, Boston Consulting Group

IIT Bombay MBA Placement 2024

IIT Bombay MBA placements for the graduating batch of 2023, achieved a remarkable 100% placement rate. MBA graduates witnessed a notable 11% increase in the average package, reaching an impressive INR 28.88 lakh per annum. Moreover, the highest package recorded for MBA students stood at an outstanding INR 54 lakh per annum. 

IIT Bombay Placement 2024: Domain Wise

IIT Bombay concluded its final placement season with an impressive performance by students across diverse domains and sectors. The students received offers from various industries, including BFSI, Conglomerates, Consulting, E-commerce, FMCG/FMCD, IT/ITES, and more. Notably, they secured placements in highly sought-after profiles like Investment Banking, Management Consulting, Product Management, and Strategy, among others.

IIT Bombay Placement 2024: Top Recruiters

IIT Bombay placement drive 2023 welcomed renowned recruiters, including several Fortune 500 companies. Among the new recruiters were esteemed organizations such as ABFRL, Adani Group, Atomberg, Cargill, DBS Bank, Diageo, Edelweiss Alternative Asset Advisors, Fullerton India, Games24x7, Google, HCLTech, HUL, IBM Consulting, ITC, Landmark Group, Nation with Namo, Reckitt, Reliance Jio, and Sobha Realty.

IIT Bombay Top Recruiters

Frequently Asked Questions (FAQs)

What was the highest CTC package offered to candidates during IIT Bombay Placements?

The highest package offered during IIT Bombay Placements 2023 was INR 3.67 Crore Per Annum (CPA).

How were the MBA placements of IIT Bombay?

IIT Bombay MBA placements for the graduating batch of 2023, achieved a remarkable 100% placement rate. MBA graduates witnessed a notable 11% increase in the average package, reaching an impressive INR 28.88 lakh per annum. Moreover, the highest package recorded for MBA students stood at an outstanding INR 54 lakh per annum.

Who were some of the top recruiters during the campus placement of IIT Bombay?

IIT Bombay placement drive 2023 welcomed renowned recruiters, including several Fortune 500 companies. Among the new recruiters were esteemed organizations such as ABFRL, Adani Group, Atomberg, Cargill, DBS Bank, Diageo, Edelweiss Alternative Asset Advisors, Fullerton India, Games24x7, Google, HCLTech, HUL, IBM Consulting, ITC, Landmark Group, Nation with Namo, Reckitt, Reliance Jio, and Sobha Realty. 

What was the average CTC in placements at IIT Bombay?

The average package at IIT Bombay for the 2023 batch was INR 23.26 lakh per annum.

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