IIT Bhubaneswar is part of new IITs that were established by the government. Even though the Institute is new the placements of IIT Bhubaneswar are good and rising in an exponential manner. In 2019, the placement rate for M-Tech was 69% and for Mechanical Engineering, it was 83%. Maximum placements offer for MTech students were received from Core and PSU sectors. ISRO, NCCBM, IOCL, etc are a few of the PSUs that took part in the placement drive. The average CTC offered was 11.4 LPA. The academics are also good for Mechanical Engineering in IIT Bhubaneswar. The faculty and staff of the mechanical department in IIT Bhubaneswar are excellent and its workshop is well equipped with all modern machines and technical instruments.