IIT Bombay Placements 2025: Highest & Average Packages, Top Recruiters

According to the media reports, IIT Bombay, also known as the Indian Institute of Technology Bombay, performed its 2024 placement drive. A total of 2,414 students registered for the placement session, with 1,979 actively participating. Out of the 364 companies that made job offers, 1,475 offers were accepted by the students, during IIT Bombay Placements 2024.

After Phase I of IIT Bombay Placements 2024, IIT Bombay's highest package under domestic and international provided was INR 3.67 crore per annum and INR 1.31 crore per annum, respectively. 63 overseas offers were accepted in Phase I of the IIT Bombay Placements 2024, while 25 offers of above INR 1 crore per year were accepted during this drive. 

Reportedly, IIT Bombay's average package for 2025 is expected to be around INR 23.26 LPA, while INR 22.7 LPA in 2022. 

However, when it comes to the higher salaries provided in the IIT Bombay campus over a four-year period 2014-18, it seems to have majorly come from the Finance sector, a report by the Centre of Policy Studies says. Let’s find out in detail:

IIT Bombay Placements 2024: Average Package at INR 23.5 LPA and Highest Package at INR 1.68 CPA

A report in Current Science reveals that, while some IIT Bombay students receive high-paying offers, the majority tend to accept more modest packages. Authored by Namit Agrawal, Sailakshmi Sreenath, Shishir K. Jha, and Anurag Mehra, the study shows that 60% of IIT Bombay B.Tech graduates are recruited into non-core roles such as consulting and finance, with the remaining 40% taking positions in IT, software, and engineering.

The paper, titled Placements, Internal ‘Brain Drain,’ and Academic Life of Undergraduates at the Indian Institute of Technology, Bombay, analysed IIT Bombay placement data from 2013 to 2024. It aimed to understand student preferences between core and non-core job roles by surveying undergraduate students in their third, fourth, and fifth years, particularly those from the graduating classes of 2020, 2021, 2022, and 2024. Out of 2,109 students from programs such as B.Tech, dual-degree, and BS, only 269 responded, providing valuable insights into IIT Bombay’s placement trends and career choices among students.

Check Out the IIT Bombay Placements 2024 Report

IIT Bombay Placements branch wise 2024

Reports indicate that 49 companies participated in the Phase 1 and Phase 2 placements for the 2024 batch at IIT Bombay. Below is the branch wise placement data for the 2024 batch:

IIT Bombay Highest Package for 2023

Details of the highest domestic and international packages at IIT Bombay for 2023:

IIT Bombay Average Package for 2023

IIT Bombay Package 2023 Branch wise

Why Do Many IITians Prefer Non-Core Jobs in Their Placements?

To make the most of IIT Bombay placements, it’s essential to understand the difference between core and non-core B.Tech jobs. Core B.Tech jobs are directly related to a student’s field of study within engineering, like a civil engineering graduate taking up a civil engineering role. These jobs require specialized skills relevant to the engineering branch studied.

In contrast, non-core jobs are roles outside the student’s specific engineering discipline. For instance, an engineering graduate who joins as a content writer after completing their B.Tech is taking a non-core job, as the role doesn’t directly relate to their engineering background.

Several factors influence students' choices between core and non-core roles during IIT Bombay placements. According to research, aspects like salary package, career growth opportunities, and job flexibility play a significant role in this decision. Additionally, a limited curriculum focus on core internships and fewer core job opportunities can impact students' preferences, often driving them toward non-core roles in fields like consulting or finance.

Scope Availability

Though there is a wide scope of core jobs, companies offering core engineering jobs are less available. On the contrary, the market is quite favourable for non–core B.tech graduates as several IT companies offer a vast range of non-core jobs to engineering graduates.

Requirement of Skills

Compared to core engineering jobs, non-core jobs require fewer or generic skills, and candidates can remove the burden of keeping up with the updated specialised technical domain knowledge. Apart from this, the lack of internships and projects under the core sector also makes it difficult for students to go with these jobs.

Salary

As per the paper, a significant decrease has been seen in the average salary of traditional core jobs over the years, including engineering and technology, RandD, and IT/Software.

Simultaneously, students encounter a lot of pressure to get placed during a placement session. Due to this, many of them end up taking jobs in the non-core sectors instead of waiting for the later core slots, stated the study.

Wrapping Up

The paper suggests to lure students’ focus on core jobs, the IIT Bombay placement cell must endeavour to collect more lucrative core job offers to extend opportunities in core engineering fields. It also suggests that the cell should conduct surveys across sectors, students, and faculty to evaluate available job profiles and salaries.

All about IIT Bombay

The IIT Bombay placements 2025 season is highly anticipated, with top recruiters offering competitive packages across various branches. The IIT Bombay placements report highlights an impressive placement percentage as students secure roles in both core and non-core fields, showcasing the institute’s broad appeal to diverse industries. With branch wise placements, students from departments like Computer Science, Mechanical Engineering, and Electrical Engineering often receive some of the highest placement packages, drawing offers from sectors such as finance, consulting, IT, and engineering. The highest package in IIT Bombay placements 2025 is expected to set new records, reflecting the strong industry connections and academic excellence of IIT Bombay. This branch wise analysis and placement statistics underscore IIT Bombay's role in shaping career pathways and securing lucrative positions for its graduates.