Only 70% students get placement at IIT Bombay, average salary Rs 26.45 lakh

IIT Bombay has recorded a slight dip in campus placement numbers for the academic year 2024-25, but the institute has simultaneously witnessed a strong jump in salary packages, reflecting a changing recruitment landscape amid global economic uncertainty.

According to the institute’s latest placement report, around 70 per cent of graduating students who participated in the placement process secured job offers.

This is lower than last year’s placement rate of 75 per cent. However, the average annual salary rose to Rs 26.45 lakh, while the median salary touched Rs 20 lakh, both recording an increase of more than 10 per cent compared to the previous year.

The placement season was conducted between July 2024 and June 2025 and saw participation from 417 companies across sectors such as engineering, information technology, consulting, finance, analytics, research and emerging technologies.

FEWER OFFERS, BIGGER PAY PACKETS

Out of 2,469 students who registered for placements, 2,040 actively participated in the recruitment process. A total of 1,422 accepted offers were recorded this year, marking a decline of around 3.5 per cent compared to the previous placement cycle.

The report noted that some companies extended fewer offers than last year due to a cautious global hiring environment. International offers also declined from 78 to 65 this year.

Despite this slowdown, compensation trends remained strong. Nearly half of all accepted offers, 705 in total, fell in the salary bracket of Rs 20 lakh and above.

Salary wise offers

When combined with packages between Rs 16.75 lakh and Rs 20 lakh, more than 60 per cent of placements crossed the Rs 16.75 lakh mark annually.

Only a small proportion of offers fell below Rs 12 lakh, highlighting the continued presence of premium recruiters on campus.

ENGINEERING LEADS THE RECRUITMENT RACE

Engineering and technology emerged as the largest recruiting sector with 429 offers. IT software and coding companies followed closely with 316 offers.

Consulting firms made 126 offers, while the data analytics and finance sectors contributed 114 and 112 offers respectively.

The report also highlighted international hiring across Japan, Taiwan, Europe, the Middle East, Southeast Asia and the United States. Meanwhile, multinational companies operating in India accounted for 840 offers, while Indian firms contributed 517 placements.

BTECH STUDENTS CONTINUE TO DOMINATE

Among academic programmes, BTech students recorded the highest placement performance. Out of 829 participating BTech students, 678 secured jobs, translating into an 81.79 per cent placement rate.

Dual degree students recorded a placement rate of 79.9 per cent, while MTech students achieved 72.24 per cent placements.

Department-wise, Computer Science and Engineering emerged among the strongest performers with 258 placements out of 277 participating students. Electrical Engineering followed with 244 placements, while Mechanical Engineering recorded 213 placements.

Civil Engineering and Chemical Engineering registered 133 and 98 placements respectively.

Top departments by placement

WHY SOME STUDENTS SKIPPED CAMPUS JOBS

The institute clarified that not all registered students participated in placements.

According to the report, several students opted for entrepreneurship, higher studies, postdoctoral fellowships and research opportunities instead of corporate jobs.

This trend was especially visible among PhD scholars, whose placement numbers have steadily declined over the past three years as more researchers choose academic and specialised research careers over traditional campus recruitment.