IIT Bombay Salary Package 2024: Know the Highest, Average & Lowest Offers

IIT Bombay Salary Package 2024: Know the Highest, Average & Lowest Offers

Edited By K Guna Sahiti | Updated on Aug 14, 2024 03:50 PM IST | #IIT Bombay

IIT Bombay Salary Package 2024- IIT Bombay will release the complete placement report 2024 soon at campus.placements.iitb.ac.in. The average salary package stood at Rs 24.02 LPA after the phase 1 placements at IIT Bombay. 22 students were offered an annual salary of Rs 1 Cr and more. As per the previous year's placement statistics, the highest package of IIT Bombay was Rs 1.68 Cr and the lowest package for IITB BTech graduates was recorded at Rs 5.43 Lakhs. IIT Bombay saw an overall increase in the salary offers compared to 2022. Candidates can expect the current year's salary package for IIT Bombay to be similar based on the past year trends. For more information related to IITB placement and salary read the full article.

This Story also Contains
  1. IIT Bombay 2024 Salary Package- Highlights
  2. IIT Bombay Salary Package 2024: Comparison
  3. IIT Bombay Branch Wise Placement 2024
IIT Bombay Salary Package 2024: Know the Highest, Average & Lowest Offers
IIT Bombay Salary Package 2024: Know the Highest, Average & Lowest Offers

IIT Bombay 2024 Salary Package- Highlights

The highest salary package at IIT Bombay was Rs 1.68 Crores per annum for the domestic category, whereas the lowest package of IIT Bombay stood at Rs 5.43 LPA. Find all the details for IITB 2022-23 placement statistics here. The information for the current year will be updated soon.

IIT Bombay Placement 2023

Aspects

Details

Highest Package offered- Domestic

Rs 1,68,00,000

Highest international salary

Rs. 3,67,00,000

IIT Bombay average package

Rs 21,82,000

Lowest salary package at IIT Bombay

Rs 5,43,000

Total number of companies (BTech)

97

Percentage of students placed

88%

Students opted out of placements

329

Related-

IIT Bombay Salary Package 2024: Comparison

The authority will upload the salary package 2024 details for IIT Bombay online. Until then check the following table for year wise comparison of IIT Bombay Salary Packages and other details for the Engineering and Technology group.

Placement Details for IIT Bombay

Details

2022-23

2021-22

BTech graduates placed

598

544

Number of Placement companies

97

87

Highest package of IIT Bombay

Rs 1.68 Cr per annum

Rs 1.8 Cr per annum

IIT Bombay highest package (Inernational)

Rs 3.67 Cr per annum

Rs 2.1 Cr per annum

Average CTC

Rs 21.82 Lakhs per annum

Rs 21.5 Lakhs per annum

Also Check-

IIT Bombay Branch Wise Placement 2024

The institute releases the branch-wise placement data in the IIT Bombay placement report each year. Check the table to know how many students accepted the placement offers in various engineering branches.

IIT Bombay placements Branch-Wise

Branch

Total students Placed

Percentage of Placement

Aerospace Engineering

78

80.41

Biosciences and Bioengineering

33

82.50

Chemical Engineering

141

81.97

Civil Engineering

129

83.76

Computer Science & Engineering

228

98.27

Electrical Engineering

214

86.99

Mechanical Engineering

191

86.81

Environmental Science and

Engineering

35

77.77

Engineering Physics

25

83.33

Metallurgical Engineering and Materials Science

131

86.18

Engineering College Predictors

IIT Bombay Placement Companies List

Check the list of top IIT Bombay Placement companies from the table below. The major recruiters of IIT Bombay include-

  • Google

  • IBM

  • TATA Steel

  • Uber

  • Microsoft

  • Vedanta

  • JSW

  • Hitachi

  • Reliance

  • Bajaj

Frequently Asked Questions (FAQs)

1. How much is the average salary package at IIT Bombay 2024?

Based on phase 1 IIT Bombay 2024 placements, the average salary package stood at Rs 24.20 LPA. 

2. What is the highest salary package offered for IIT Bombay students in 2024?

IIT Bombay graduates have been offered as high as Rs 1.68 Cr per annum for domestic offices and Rs 3.67 Cr for international offices.

3. What is the Fee structure for BTech at IIT Bombay?

The IIT Bombay fee structure for BTech programs is Rs 8.69 Lakhs.

4. What is the lowest salary offered as per the IIT Bombay placement report?

The lowest salary at IIT Bombay is Rs 5.43 LPA.

5. Is IIT Bombay the best college for CSE?

Yes, IIT Bombay is one of the best colleges for CSE. Graduates from CSE at IIT Bombay are offered some of the highest salaries among all. 

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Questions related to IIT Bombay

Have a question related to IIT Bombay ?

Ajeenkya DY Patil University in Pune offers a BTech in Aerospace Engineering that includes core subjects such as aircraft structures, propulsion systems, aerodynamics, and space technology. The course is designed to provide both theoretical knowledge and practical exposure through labs and workshops.


The university claims to offer internship opportunities as early as the first year. Students are expected to work on real-world industry projects and attend technical sessions, but the actual quality and depth of these internships may vary depending on partnerships and student performance.


In terms of placements, ADYPU states that it has over 140 recruiting companies visiting for engineering branches. The average package for engineering students ranges between 4 point 5 to 6 point 5 lakh per annum. The highest package reported is around 19 to 21 lakh per annum. However, it is important to note that these figures are overall and not specific to aerospace engineering.


For aerospace specifically, placement opportunities may be limited unless you are exceptionally skilled or have completed strong internships. Core aerospace companies like ISRO or DRDO generally prefer candidates from top-tier institutes or those with competitive research backgrounds.


If your goal is strong placement and industry exposure in aerospace, ADYPU is not among the top recommended colleges. While it is improving, it still lacks the national reputation and alumni network that many recruiters look for in this field.


Better options for aerospace engineering in Maharashtra, excluding IIT Bombay, include College of Engineering Pune, MIT World Peace University Pune, and Vishwakarma Institute of Technology. These colleges have better industry ties and established academic records.


In conclusion, ADYPU can be considered if you are looking for an affordable private university with a developing infrastructure and are willing to build your own career path. However, for better placements and training, colleges like COEP or MIT WPU offer stronger value and recognition.

Hello,

For a female candidate from EWS category, to get Computer Science (CSE) in IIT Bombay, you should aim for an All India Rank (AIR) under 150–200 in JEE Advanced.

Sometimes the closing rank can vary slightly each year, but staying within this range gives you a good chance.

Hope it helps !

Dear Sir/Madam,

The features of IIT Bombay in Metallurgy/Material science:

  1. Brand value:Top IIT.
  2. Alumini Network: Strongest in India.
  3. Placement:Average 12 to 16 LPA related to core and Analytics .

The features of IIT Dhanbad in Electronics and communication Engineering:

  1. Brand value: Middle tier.
  2. Alumini Network: Less Exposure Compared to Mumbai.
  3. Placement: Average 10 to 14 LPA and related to Tech.

Both colleges are good and the choice is yours.choose wisely based on your goals and interest.

If you want the IIT Bombay tag and switching career like software/MBA/Analytics can go for Metallurgy at IIT Bombay.

If you have more interest in Tech side and want flexibility in Tech core can go for ECE at IIT Dhanbad.


Hello Bhuvan,

This is a personal decision based on a few important components:

  1. Goal Clarity: If IIT Bombay is your dream school and you feel you can prepare for the next iteration of JEE Advanced, dropping a year to study for JEE Advanced is a reasonable option. A dedicated and focused drop year has helped many students achieve great scores on JEE Advanced, and the top ranks.
  2. Current Opportunity: NIT Surathkal is one of the top NITs with opportunities for excellent placements, research opportunities, and the opportunity for interactions with top companies - especially for ECE/EEE. After that, with good academics, you can potentially earn your way into top M.Tech programs like MIT, Stanford, or IITs via GATE or GRE.
  3. Risk vs Reward: Dropping a year has a risk component: mental and academic risk. Think about whether you can handle that level of pressure and if your performance at JEE Advanced can improve with one more year of preparation.
  4. Ambition for MIT M.Tech: For M.Tech, you don't need an IIT degree to get into MIT. Strong research and projects, GRE scores, and thoughtful and compelling YES at SOP matter more than an IIT degree. Many students from top NITs get into MIT and other institutions throughout the world.

No, a 74.6% in Class 12th boards does not automatically qualify you for an M.Tech in Computer Science at IIT Bombay. While you can apply for JEE Main, you'll likely be ineligible for IIT admissions because of the 75% (or 65% for reserved categories) requirement for Class 12th marks. Your eligibility for IIT Bombay's M.Tech program will primarily depend on your GATE score and other requirements.

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