IIT Bombay Placements 2023-24: 22 Offers Above INR 1 Crore, 12% More Recruiters, 78 International Jobs

Despite a challenging job market, IIT Bombay secured the second-highest number of student placements in its history, affirming its status as a top destination for recruiters.

The 2023-24 placement season at IIT Bombay showcased some remarkable achievements, with 22 job offers exceeding INR 1 crore, a 12% increase in recruiter participation, and 78 international job placements. Despite a challenging job market, IIT Bombay secured the second-highest number of student placements in its history, affirming its status as a top destination for recruiters.

The placement season at IIT Bombay for the academic year 2023-24 was marked by resilience and adaptability. Conducted from July 2023 to July 2024, this season followed a hybrid model, combining traditional campus placements with a continuous interview process, especially for PhD students. Despite a challenging market, IIT Bombay maintained its reputation as a premier recruiting ground, securing the second-highest number of student placements in its history.

Key Highlights

Key Metric	Details
Total Number of Registered Students	2414
Total Number of Actively Participated Students	1979
Total Number of Accepted Offers	1475
Total Number of Companies Offered Jobs	364
Total Number of Job Offers	1650
Job Offers above INR 1 crore accepted	22
Pre-Placement Offers accepted	258
International Job Offers accepted	78
Average Annual CTC Salary Package	INR 23.50 LPA
Median Salary	INR 17.92 LPA
Top Recruiting Sector	Engineering & Technology

Diverse Opportunities Across Sectors
IIT Bombay's placements spanned multiple sectors, including Core Engineering, Information Technology, Software Programming, R&D, Consulting, Finance, Banking, and High-end Technology. This diversity provided students with real-world experience and the opportunity to engage with various work cultures.

Student Preparation
As per the placemement report shared by the institute, the placement office at IIT Bombay played a pivotal role in preparing students for the rigorous placement process. From industry assessments to communication skills workshops, the institute ensured that students were well-equipped to face interviews and secure top positions. These efforts were further bolstered by alumni mentorship and domain-specific preparatory activities.

Placement Breakdown
The placement statistics reveal a robust performance across different sectors and regions:

Placement Type	Number of Students Placed
Placements Outside India	78
Placements in MNCs in India	775
Placements in Indian Companies	622
Total	1475

Year-on-Year Placement Comparison
Despite a slight dip in total placements compared to the previous year, IIT Bombay continued to excel across its major degree programs. Here’s a comparison of the last four years:

Program	2020-21	2021-22	2022-23	2023-24
B.Tech.	468	544	598	683
Dual Degree (B.Tech. + M.Tech.)	132	184	178	152
M.Tech.	406	523	479	415
Others	144	190	261	225
Total	1150	1441	1516	1475

Pre-Placement Offers (PPOs)
"The pre-placement offer scenario also saw a positive trend, with 258 out of 300 PPOs being accepted. Recruiter interest was particularly strong in computer science, followed by core engineering, indicating a sustained demand for these disciplines," suggests IIT Bombay placement report.

Conclusion
The 2023-24 placement season at IIT Bombay concluded on a strong note, with nearly 75% of the actively participating students securing placements. The slight decline from the previous year's record did not diminish the overall success, especially given the challenging global job market. The upward trend in average salary packages and the increased number of participating companies underscore IIT Bombay's enduring appeal to recruiters. As the job market continues to recover post-pandemic, IIT Bombay remains a top destination for both Indian and multinational companies seeking top-tier talent.