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 ?

IIT Bombay is considered very promising, with high placement rates, attractive average salaries, and a strong reputation in the design industry, making it a valuable degree for aspiring designers seeking diverse career opportunities across various sectors; graduates from IIT Bombay's B.Des program often land jobs with top companies with high packages due to the rigorous curriculum and industry-relevant skills acquired at the institute.

The faculty for design are the best and most experienced in the country. The course is very interesting and demanding.being a world renowned design centre, and seeing the offers gotten by the bachelor's students, one can expect good job offers for B.des.

The average annual CTC salary package was INR 23.50 LPA, the median salary was INR 17.92 LPA, and 364 companies offered jobs in 2023-24. Last 3-4 year placement are also good.

Moreover IIT Bombay also offers a 5-year dual degree program option for eligible students, which allows them to combine their B.Des. with an M.Des.

IIT Bombay has 30 seats for b.des with 30% reservation. To get admission to IIT Bombay, rank should be between 1-14 for the open category. So, you must secure AIR 14 to secure a seat in IIT Bombay.

Safe score in umeed for b .des is between 115 and 125 to get b.des. Various IITs accept umeed score like IIT Delhi, IIT Roorkee, IIT Guwahati etc

IIT Bombay has the highest rank to get a seat than any other IIT for b. des.

Hello aspirant,

Yes, you can definitely apply for admission to IIT Bombay or other IITs outside of Karnataka even if you don't have a caste validity certificate from Karnataka.

Here's what you need to do:

  1. Obtain a Caste Certificate: Ensure you have a valid caste certificate issued by the competent authority in Karnataka. This certificate should clearly state your caste category (SC in your case).
  2. Domicile Certificate: You'll also need to provide a domicile certificate proving your Karnataka residency.
  3. Application Process: Follow the application process for IITs. The specific requirements may vary slightly, but generally, you'll need to submit your academic records, entrance exam scores (JEE Advanced), caste certificate, domicile certificate, and other relevant documents.
  4. Reservation Benefits: If you meet all the eligibility criteria and the reservation quota for your category is available in the IIT you're applying to, you will be eligible for the reservation benefits.

Important Note:

  • Validity of Caste Certificate: While a caste validity certificate might be required in some cases, it's not always a mandatory document. The IITs will verify your caste certificate through their own channels.
  • State-Specific Reservations: Some IITs may have specific reservation policies for candidates from certain states. Check the admission guidelines for the IITs you're interested in to see if there are any such requirements.


I hope this information helps.

In 2024, to get into the BTech CSE branch at IIT Bombay, candidates needed to be among the top 65 candidates in the JEE Advanced AIR list. This meant that to get a JEE Advanced AIR of 1 to 70, candidates needed to score at least 285–290 out of 360 marks.and land between the 85-95 percentile in JEE Main.

Hello!

Thank you for reaching out. For the Computer Science program at IIT Bombay in 2024, you generally need an All India Rank (AIR) within the top few hundred in the JEE Advanced exam. The cutoff for CSE at IIT Bombay usually falls within the top 40-50 ranks for General category students, though this can vary based on the year.

For the most accurate and current information on cutoffs, please refer to the following link: IIT Bombay Cutoff - Careers360 . You can also check the official JEE Advanced website or IIT Bombay's admissions page for updates.

If you have any more questions or need further assistance, feel free to ask!

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