IIT Bombay Placements - Salary Trends, Highest, Average & Median Salary, Top Companies

The Training and Placement Office handle IIT Bombay Placements. With the help of officers, staff, and students, the placement office puts in tremendous effort to conduct the IIT Bombay placement process in a structured and coordinated manner. 

The IIT Bombay placement drive 2022 has been concluded and has achieved an incredible response. The recruiting firms made a total of 1878 job offers to students; from these, 1441 offers were accepted during IIT Bombay Placements 2022. The highest domestic package offered was INR 1.8 crore per annum and the highest international package offered was INR 2.1 crore per annum (USD 2.87 lakh). 

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More details on IIT Bombay placements have been tabulated below.

IIT Bombay Placements 2022: Key Highlights and Report

According to a report by the Economic Times, IIT Bombay Placements 2022 witnessed a 25 percent increase in students placed this year. This was despite the fact the average batch just increased by 15 percent during the same time.

IIT Bombay Placements 2022: Sector-wise

IIT Bombay Placements 2022 saw participation from multiple sectors: Engineering, Information Technology, Software programming, Research, Consulting, Finance, Banking and Services. The opportunities provided by the firms offered extensive learning, travelling experience and diverse work culture.

The table given below shows the Sector-wise data of IIT Bombay Placements 2022.

Distribution of offers made in different sectors.

As we can see from the graph above, the IIT Bombay Placement Trends wise saw domination from the Engineering & Technology segment with 30 percent of the total offers made. This was followed closely by the IT/software industry and then by the Finance sector. Refer to the diagram above to understand the detailed break-up. 

IIT Bombay Placements 2022: Course-wise distribution

Overall, 89% of the students who registered for the placement process were placed. The following table provides the course-wise break-up for the IIT Bombay placements 2022.

*Includes Dual (B.Des. + M.Des.), Dual (B.S+M.S), Dual (M.Sc. + Ph.D.), Dual (M.Tech. + Ph.D.)

IIT Bombay Placements 2022: Year-wise placement comparison

Along with the course-wise distribution for IIT Bombay Placements, the year-wise distribution also presents an exciting picture. Despite the onset of various factors, such as the pandemic, IIT Bombay has managed to increase the number of placements offered in 2021-22. 

IIT Bombay Placements 2022: Department-wise Offers

The following table provides a detailed breakdown of the department-wise offers made during the IIT Bombay Placements 2022. The top three departments this year were Electrical Engineering with 257 offers, Mechanical Engineering with 180 offers, and Chemical Engineering with 135 offers.

The table above also provides the trends for the last three years and how different departments have fared over the same.

IIT Bombay Placements 2022: Salary-wise statistics 

The following table and pie chart represent the number of offers made based on the gross compensation packages. The table is a good indicator explaining the financial aspect of the placements that have taken place at IIT-B. 

The following table represents the number of offers made based on the gross compensation packages. The table is a good indicator explaining the financial aspect of the placements that have taken place at IIT-B. 

IIT Bombay Placements 2022 Top Recruiters

The following table highlights the five top recruiters at IIT Bombay and summarises the salary statistics for these offers. 

IIT Bombay Internships 2022

Pre-final year students were offered Pre-placement Offers (PPOs) at the end of their internship term in 2022 A total of 248 PPOs were received, out of which, 201 were accepted by students. Overall, these pre-placement offers were made during a significant internship season at IIT Bombay. 

IIT Bombay Internship Trends

Over the last three years (during and post the pandemic), there has been a significant rise in the number of internship offers at IIT Bombay. The following chart highlights the internship trends at IIT Bombay over the last three years:

IIT Bombay Internships 2022: Department-wise

The following table highlights the department-wise internships offered at IIT Bombay during the last three years. As we can observe from the table below, the Computer Science branch drew the maximum interest this year. 

IIT Bombay Placements 2022: Additional Information

IIT Bombay is consistently ranked as one of the top engineering colleges in India. Located in Powai, Mumbai, the institute offers a four-year undergraduate programme leading to a Bachelor of Technology (B.Tech) degree in various engineering disciplines. IIT Bombay also offers a two-year Master of Technology (M.Tech) programme, a two-year Master of Science (M.Sc.) programme, a four-year doctoral programme and a three-year Master of Business Administration (MBA) programme.

IIT Bombay was ranked 1st in India by the National Institutional Ranking Framework (NIRF) in 2020. The institute was also ranked 1st among engineering colleges by the NIRF in 2019 and 2018. IIT BOMBAY was ranked 4th among engineering colleges in India by India Today magazine in 2019.

IIT Bombay placements are among the best in the country. Every year, top companies from around the world come to IIT Bombay to recruit students. The average placement rate at IIT Bombay is around 95%. Students who are interested in getting placed can register for the placement process through the Placement Office website. The Placement Office shortlists students based on their CGPA, resume and performance in the entrance test. The shortlisted students are then called for interviews by the companies. The companies make their final selection based on the student's interview performance. The Placement Office also provides training to students to help them prepare for the interviews. The training includes mock interviews, group discussions and workshops on resume writing and interview skills.

IIT Bombay has a dedicated team of placement officers who help students in the placement process. The Placement Office also has a Placement Committee comprising faculty members and students. The Placement Committee works towards improving the placement process and providing students with better opportunities and has successfully placed students in top companies.