MUMBAI: IIT Bombay's latest annual report for the 2024–25 placement season reveals that out of 2,469 registered students, 2,040 participated in the placement process. The institute recorded 1,422 accepted job offers, marking a decline of approximately 3.5% compared to the previous year. Despite this dip in hiring volumes, both average and median salaries witnessed an uptick. The average cost to company (CTC) rose to Rs 26.45 lakh per annum, while the median CTC increased to Rs 20 lakh per annum, indicating improved pay benchmarks even as the number of offers reduced.
Placement Trends and Highlights
The number of pre-placement offers remained steady at 260. However, international offers saw a decline from 78 to 65, reflecting a more cautious global hiring environment. According to the placement report for 2024–25, the total number of accepted job offers was around 3.5% lower than last year. This slight decline is attributed to a few companies extending fewer offers than in the previous season. Despite the decrease in the number of offers, both the average and median CTC have increased by approximately 10%.
A total of 1,272 students were placed during the first phase in December 2024, while 150 students secured placements in the second phase. In comparison, during the 2023–24 academic year, the institute had 2,414 registered students, of whom 1,979 participated, with 1,475 accepted offers from 364 companies. The average salary then stood at Rs 23.5 lakh per annum and the median at Rs 17.92 lakh, with 78 international offers and 22 offers above Rs 1 crore.
Salary Distribution and B.Tech Dominance
Among the 1,422 accepted offers, nearly half — 705 offers — were in the Rs 20 lakh and above bracket, indicating a strong presence of premium recruiters on campus. When combined with offers in the Rs 16.75–20 lakh range, over 60% of all placements fall above Rs 16.75 lakh per annum. Below this band, the numbers taper gradually. Offers in the Rs 12–16.75 lakh range account for roughly a third of placements, forming the core of mid-tier hiring across sectors. In contrast, the lower salary bands are relatively thin — less than 13% of offers fall below Rs 12 lakh, and only a handful dip below Rs 8 lakh.
A key trend observed is the consistent rise in placements for B.Tech programmes, which continue to anchor campus recruitment, according to a senior faculty member. For 2024–25, B.Tech placements are similar to last year's levels, reinforcing their dominance in the placement ecosystem.
M.Tech and Ph.D. Placement Trends
Data from 2020–21 to 2024–25 shows that M.Tech placements have remained relatively volatile. They peaked in 2021–22 at around 184 placements before tapering off in subsequent years. After a dip to 178 in 2022–23 and a sharper fall to 152 in 2023–24, the latest cycle shows a partial recovery to 171 placements in 2024–25.
However, the trend is more pronounced for Ph.D. placements, which have seen a steady decline over the past three years. From a high of 523 placements in 2021–22, numbers dropped to 479 in 2022–23, further to 415 in 2023–24, and now to 367 in 2024–25. This marks a consistent downward trajectory.
Institute officials and analysts attribute this divergence to changing career preferences among research scholars. A growing number of Ph.D. graduates are opting for postdoctoral positions, academic roles, or specialised research opportunities, rather than participating in campus placements.
