IIT Bombay Placements 2026: Average Package, Highest Package, Students Placed, Companies

IIT Bombay, one of India's leading technical institutions, is renowned for its rigorous academic programs and strong industry ties. The placement season for the academic year 2023-2024 showcased the institute's excellence, with a high participation rate from top global and domestic recruiters across various sectors. Students from undergraduate, postgraduate, and doctoral programs secured positions in engineering, technology, finance, consulting, and more, reflecting the diverse skill sets fostere. The IIT Bombay placements 2024 concluded with 74.53% placement rate. The IIT Bombay average package stood at INR 23.50 LPA. Total 1650 job offers were made, including 78 international offers.

IIT Bombay Placements 2026: Highlights

IIT Bombay continues to demonstrate its strong industry connect and academic excellence through its placement outcomes. For the academic year 2023-2024, as per the official Placement and Internship Report released by the institute's Placement Office, a total of 2,414 students registered for placements, with 1,979 actively participating. Out of these, 1,475 students secured job offers, achieving an overall placement percentage of 74.53%. A total of 364 companies made offers, resulting in 1,650 job offers overall, including 258 pre-placement offers accepted and 78 international offers accepted. Notably, 22 offers exceeded INR 1 crore per annum. The average CTC stood at INR 23.50 LPA, while the median CTC was INR 17.92 LPA, reflecting robust opportunities across sectors like engineering & technology, finance, consulting, and more. The key highlights of IIT Bombay placements 2024 are mentioned below:

IIT Bombay Placements 2026: Salary Offered

The IIT Bombay placements for the academic year 2023-2024 showcased attractive salary packages from leading recruiters, highlighting the institute's strong reputation in producing top talent. The IIT Bombay average package for 2024 was INR 23.50 lakhs per annum (LPA), while the median package stood at INR 17.92 LPA, indicating a solid midpoint in earnings. Although the exact IIT Bombay highest package is not specified, 22 offers surpassed INR 1 crore per annum, representing premium opportunities in domestic and international roles. Additional details include varied salary ranges, with a significant portion of offers in higher brackets, and a separate average package of INR 18.46 LPA for PhD students.

The IIT Bombay salary compensation during placements for the academic year 2023-2024 showcased a broad spectrum of packages, reflecting strong recruiter interest across various brackets. According to the official Placement and Internship Report, the average CTC stood at INR 23.50 LPA, with a median of INR 17.92 LPA, while 22 offers surpassed INR 1 crore per annum. The distribution highlights 558 offers above INR 20 LPA from 123 companies, demonstrating premium opportunities, alongside substantial placements in mid-range salaries like INR 16.75-20 LPA (230 offers from 70 companies) and lower brackets, catering to diverse student profiles and sectors.

IIT Bombay Placements 2026: Course-wise

Undergraduate programs like B.Tech and Dual Degree (B.Tech + M.Tech) achieved high placement rates, often exceeding 80-90% among active participants, while postgraduate programs such as M.Tech also performed robustly. Other programs, including M.Sc., M.Des., and Ph.D., showed varied participation and placement levels, influenced by students pursuing higher studies, research, or alternative career paths. The report highlights that overall, core engineering and technology sectors remained dominant recruiters across most programs.

The following table presents the program-wise IIT Bombay placement statistics for 2024:

IIT Bombay Placement Trends

The IIT Bombay placement trends from 2022 to 2024 reveal a mixed trajectory, with the number of registered and participating students steadily increasing, peaking at 2414 registrations in 2024, while the placement percentage declined from 89.39% in 2022 to 74.53% in 2024, possibly due to broader market dynamics or more students pursuing alternative paths like higher studies. The number of students placed reached a high of 1516 in 2023, and IIT Bombay average package rose consistently from 21.50 LPA in 2022 to 23.50 LPA in 2024, reflecting improved compensation amid growing recruiter participation, which saw companies making offers increase from 332 to 364 over the period. International offers and pre-placement offers (PPOs) also showed upward trends, with 78 international acceptances in 2024, underscoring the institute's global appeal.

IIT Bombay Placements 2026: Participating Companies

The IIT Bombay placements attract a diverse array of recruiters from sectors including Engineering & Technology, IT/Software, Consulting, Finance, Research & Development, and more, reflecting the institute's global reputation for talent. Over the past few academic years, there has been a notable increase in the number of participating companies, with detailed statistics provided in the official Placement and Internship Reports published by the institute's Placement Office.

IIT Bombay Placements 2026: Department-wise

The IIT Bombay placements for the academic year 2023-2024 exhibited varied outcomes across departments and centres, underscoring the institute's emphasis on engineering, technology, and interdisciplinary fields. As per the official Placement and Internship Report, core departments like Computer Science and Engineering and Mechanical Engineering recorded high placement percentages exceeding 88-90%, driven by robust recruiter interest in tech and manufacturing sectors. In contrast, departments such as Physics, Chemistry, and Humanities and Social Sciences showed lower rates, typically below 55%, often attributed to students pursuing advanced research, higher education, or alternative career paths. Centres like those focused on urban science and resources engineering performed strongly, reflecting specialized demand, while the overall institute-wide placement stood at 74.53% among active participants.

IIT Bombay Placements 2026: Sector-wise

The sector-wise IIT Bombay placements for the academic year 2023-2024 highlighted strong demand from core engineering and technology domains, alongside significant opportunities in IT/software, consulting, finance, and emerging areas like data analytics and AI/ML. According to the official Placement and Internship Report 2023-24 released by the institute's Placement Office, the Engineering & Technology sector led with the highest number of selections (430 from 106 companies), followed closely by IT/Software (307 from 84 companies). Other prominent sectors included Consulting (117 offers from 29 companies), Finance (113 from 33 companies), and Research & Development (97 from 36 companies). These figures include pre-placement offers (PPOs) and reflect diverse recruiter participation across 1475 total placements, with some companies offering roles in multiple sectors.

IIT Bombay Internships & PPOs 2026

The Pre-Placement Offers (PPOs) and IIT Bombay internships form a crucial part of the career development ecosystem, providing students with valuable industry exposure and often converting to full-time employment. A total of 1,267 internship offers were extended, marking a 13% increase from the previous year, with 1,177 from companies and 90 from universities. Of these, 1,178 were summer internships and 89 were winter internships. Notably, 300 Pre-Placement Offers (PPOs) were received by pre-final year students following their internships (primarily in May/June 2024), out of which 258 were accepted, reflecting improved recruiter interest, particularly in Computer Science followed by core engineering disciplines.

The following table summarizes the key statistics for PPOs and IIT Bombay internships:

IIT Bombay Internships 2026: Department-wise

The IIT Bombay internships provide students with hands-on industry experience, with department-wise offers varying across academic years based on recruiter interest in fields like computer science, mechanical engineering, and electrical engineering. The total internship offers increased from 1,195 in academic year 2021-22 to 1,104 in 2022-23 and further to 1,267 in 2023-24, with core departments consistently securing the majority. These statistics (corresponding to calendar years 2022, 2023, and 2024 respectively) highlight trends such as high demand in Computer Science (252-273 offers annually) and Mechanical Engineering (155-217 offers), while smaller departments like Chemistry saw fluctuations.

IIT Bombay Placements FAQs

Q1. What is the IIT Bombay average package during placements in 2024?

The average package for placed students at IIT Bombay placement 2024 was INR 23.50 LPA. This represents a 7.7% increase from the previous year's average of INR 21.82 LPA, reflecting strong recruiter demand despite market challenges.

Q2. What is the median salary offered during IIT Bombay placements 2024?

The median CTC stood at INR 17.92 LPA, providing a realistic midpoint for earnings across all placed students, as many high packages pull the average upward.

Q3. How many students were placed at IIT Bombay placements 2024?

A total of 1,475 students were placed out of 1,979 actively participating students, achieving an overall placement percentage of 74.53%. This includes students from undergraduate, postgraduate, and doctoral programs.

Q4. What was the highest package at IIT Bombay placements 2024?

The official report does not specify an exact IIT Bombay highest package, but 22 offers exceeded INR 1 crore per annum, highlighting premium opportunities in domestic and international roles.

Q5. How many companies participated in IIT Bombay placements 2024?

Total 543 companies registered, 388 participated in the placement process, and 364 companies made job offers. This marked a 12% increase in recruiter participation compared to the previous year.