What is the Placement Package of IIT Bombay?

As of my last update in August 2023, the placement package for graduates from the Indian Institute of Technology (IIT) Mumbai, also known as IIT Bombay, varies widely depending on the program specialization and the overall job market conditions.

Average Salary

The average salary for undergraduate programs at IIT Bombay is around 20-25 lakhs per annum. This figure can provide a general idea of the earning potential but can fluctuate based on market conditions and individual negotiations.

Highest Salary

The highest packages offered are over 1 crore per annum, particularly for roles in tech companies, finance, and consulting. Top-performing graduates often receive significantly higher packages, reflecting the demand for highly skilled professionals in these sectors.

Placement Rates

IIT Bombay typically sees very high placement rates, often above 90%. The institute has a robust placement cell dedicated to helping students secure job offers and understand the processes involved in campus recruiting.

Program-wise Placement Data

Computer Science (CS) Placements: The placement rate for Computer Science graduates at IIT Bombay is consistently above 95%. Class Average Fresher's Forms (JAFs) are open to a broad range of companies, including Microsoft, Samsung, and Goldman Sachs.

Notable Companies Participating in IIT Bombay Placement Seasons

Some of the reputed companies that participate in the IIT Bombay placement seasons include:

Samsung Micron Semiconductors Microsoft Qualcomm BCG (Boston Consulting Group) Strategy Carin Goldman Sachs Blackstone Group WorldQuant Toyo Engineering Corporation Boston Analytics

Placement Records and Analysis

The table below provides a summary of the average, highest, and number of students placed by some of the companies participating in the IIT Bombay phase-I placements in 2018:

YEAR COMPANY LOGO COMPANY NAME AVERAGE PACKAGE HIGHEST PACKAGE STUDENTS PLACED 2017 Microsoft 1.4 Crore 1 2017 Uber 99.87 Lakh No Highest 2017 Blackstone Group 45 Lakhs No Highest 2017 WorldQuant 42.87 Lakhs No Highest 2017 Toyo Engineering Corporation 27 Lakhs No Highest 2017 Goldman Sachs No Average 8 2017 Boston Analytics No Average 7

82.41% of students got placed in 2017, highlighting the robust placement track record of the institute.

For the most accurate and updated information, it is advisable to check the official IIT Bombay placement statistics or their website, as these figures can change annually based on industry trends and economic conditions.