IIT Bombay Placements 2023: Average Package: INR 23.26 LPA & Highest Package: INR 3.67 CPA

The average salary of an IIT Bombay CSE graduate is around INR 23.26 LPA this year. IIT Bombay's highest package this year stood at INR 1.5 crores and was offered by Microsoft. I’m a general CSE graduate from top IITs receiving high packages in the range of INR 18-25 LPA.

There are many factors that contribute to the high packages received by IIT Bombay CSE graduates. Some of the core reasons are

• Extremely high quality of education
• A very strong alumni network
• The excessive demand for skilled CSE professionals in the job market

IIT Bombay will serve you best if you are interested in pursuing a career in computer science. A few top recruiters that recruit CSE graduates of IIT Bombay are:

Google	Goldman Sachs	Oracle
Microsoft	IBM	Samsung
Amazon	Adobe	Uber

These companies offer a plethora of opportunities in software development, data science, machine learning, and cloud computing. The high packages lay a strong foundation for a successful career.

According to recent reports, the highest domestic and international package offered at the end of Phase 1 IIT Bombay placements 2023 stood at INR 3.67 crore per annum and INR 1.31 crore per annum, respectively. The average package offered during IIT Bombay placements 2023 stood at INR 23.26 LPA.

However, the average package is based on many factors. The package you are offered depends on a number of parameters like experience, knowledge, communication skills, etc. Some people receive a salary package that is low but with great additional benefits like stocks, accommodation, foreign travel, patents published, whereas some receive a high in-hand salary with no additional benefits.

Despite all, very few people in India are offered a package above 20 LPA. Most high-paying jobs are in Non-core fields like finance and consulting.

 IDC Technologies is a company that offers a range of technology solutions to businesses and organizations. As with any company, there are various positions within IDC Technologies, each with its own salary range.

According to available data, the highest-paying job at IDC Technologies is that of a Solution Architect, with a salary of INR 26.6 Lakhs per year. This indicates that this position is a highly sought-after and desirable role within the company. It is worth noting that this salary figure may vary depending on factors such as the employee's experience, skills, and performance.

The top 10% of employees at IDC Technologies earn more than INR 11 lakhs per year. This suggests that there is room for growth within the company for employees who perform well and demonstrate a commitment to their work. Additionally, the top 1% of employees earn more than INR 23 lakhs per year. This indicates that there are some highly successful and well-compensated individuals within the company.

It is important to note that salary estimates are based on data from 5.9k IDC Technologies employees. 

My sister is an IITian however she completed her Engineering from IIT Roorkee instead and not from IIT Bombay. Due to her average JEE Rank, she was admitted to Pulp and Paper Engineering branch only. Only later did she realize that high packages are reserved for very few people, The cream of the batch. Your branch and CGPA largely determine your package.

She faced a terrible situation during her placements. Not even below-average companies considered Pulp and Paper Engineering students. Owing to her interest in Programming, she was offered a job by Patni Computers at 3.6 LPA but with a 2-year bond of Rs. 75,000 (which required you to pay before joining as security). This seemed a bit odd and she decided to join an educational start-up that offered the same package without the bond. Most of her peers had much better packages on hand. 

Today, she earns 12 times what she earned during that time and her income is at the same level as those of her peers. Even today she gets offers from people to consider moving to another more established startup at a 50% hike in salary. 

Some very important lessons to learn from this are

• Your first job does not define your success and is only a stepping stone to achieving so much more. 
• The area you choose in the first year does not define your career at all. 
• Find what exactly you love doing and are good at
• The first job is not a measure of success or your abilities. It’s just an experiment to discover what exactly you are passionate about.
• Your CGPA does not matter after your first job.

Go explore, and wait for years until you are successful.

Based on the IIT Bombay placement report for the year 2022, out of the 670 students who were eligible for placement, 582 students participated, and 523 of them secured placements, resulting in a placement rate of 90%. 

Additionally, IIT Bombay received a total of 511 job offers during the MTech placements for the year 2023. This number showcases the immense interest and demand for IIT Bombay graduates in the job market, with companies keen to recruit the institute's talented and skilled individuals.

The table below illustrates the placement statistics for the mechanical engineering batch of 2023 at IIT Bombay:

Company	Sectors	CTC In LPA	Gross Salary	Slot
GE ITC	Core	16.6	10.5	First Slot
Shell	Core	22.5	16.5	First Slot
Tata Steel	Core	11.8	10	First Slot
TATA Steel	Core	11.8	10	Second Slot
McKinsey Knowledge  Center	Analytics/Data Driven  Consult	21	19	Second Slot

During IIT Bombay M.Tech placements 2022, a total of 670 students registered, out of which 582 participated and 523 got placed. Therefore, the percentage of placements is 90. 

To succeed in your academic and career pursuits, it is essential to focus on your studies and excel in your thesis project. If your interests lie outside of the core field, such as finance, analytics, or consultancy, it is important to develop your coding skills and hone your non-technical abilities. You can also gain extracurricular credits by taking advantage of the many opportunities available at IIT Bombay. 

Ultimately, if you have the ability and drive, attending IIT Bombay is a rewarding experience that can provide you with the time of your life. 

There are innumerable placement opportunities in IIT Bombay’s Geoinformatics and Natural Resources Engineering (GNR) department. Here are the important points that you must keep in mind:

• The placement stats for Geoinformatics and Natural Resources Engineering (GNR) at IIT Bombay are excellent, so don't worry about it if you are dedicated.
• The curriculum for Geoinformatics at IIT Bombay is better than other colleges in India, and the courses offered are relevant to add value to your job applications and for research and learning purposes.
• The department focuses on several domains, including remote sensing, GIS, and IoT, as well as machine learning and deep learning.
• The median and average salary packages for GNR graduates are INR 13 LPA and INR 17.9 LPA, respectively, and many top companies recruit from this department.
• To excel in placements, it's important to focus on your projects, coding skills, and resume. Start working on Python in your first semester, and also spend time on C++/Java programming skills, DBMS, and operating systems, depending on your interests.
• Data structures are essential for software profiles, so make sure you are thorough with them. Electrical/electronics students can also prepare for core engineering roles with elective courses, but it's challenging to combine a hardware profile with your specialization.
• Image processing, computer vision, deep learning, and IoT-related fields are good options for those with electrical/electronics backgrounds.

The placement scenario after PhD in IIT Bombay is generally poor, according to student feedback and departmental elections.

• Ph.D. students typically have very specific knowledge that may not be useful to companies, so they may not be recruited by BTech companies.
• There is no specific body that helps bring companies for Ph.D. students, resulting in a lack of job opportunities for graduates.
• Ph.D. graduates pursue two directions: Professor in a University or a specified job, but finding a job can be difficult without faculty contacts.

The average salary for a Ph.D. student at IIT Bombay ranges from INR 3.4 Lakhs to INR 4.2 Lakhs per year.

The average package offered to a civil engineer at IIT Bombay depends on a multitude of factors like a student's academic performance, relevant work experience, skills, and the current job market demand.

According to IIT Bombay Placements reports of 2023, the average package offered to civil engineering graduates from IIT Bombay stood at INR 17.9 LPA. However, this is only an estimate and does not rightly portray the current job market scenario. The actual package offered to Civil Engineering students might be higher or lower than this average.

Campus Placement of IEOR at IIT Bombay is carried out in two phases. For the last two years, IIT Bombay has managed to earn its credibility by maintaining a 100% mark for MTech students. With the increase in the demand for IEOR, the number of students willing to pursue this program is increasing every year. This year the total seats for IEOR were 32.

Given the current scenario, IEOR is no longer restricted to OR Analysts. The job prospects of this program have broadened with some major roles like 

• Machine Learning Engineer
• AI Engineer
• Data Scientist
• Data Engineer
• Software Engineer
• Financial Engineer
• Actuarial Scientist
• Consultant
• Business Analyst
• Supply Chain Analyst
• Modeling Analyst

The key highlights of IEOR placements at IIT Bombay have been tabulated below

Particulars	Statistics
Placement percentage	78.95%
Median CTC	INR 13 LPA
Average CTC	INR 17.9 LPA
Total International Offers	58
Top Recruiters	ACCENTURE, Analog Device, Apple, CITI Bank, Google, Hindustan Unilever, HONEYWELL, IBM, ISRO

One can easily conclude that the placements of IEOR at IIT Bombay are just average. They provide you with the necessary opportunities only. It’s you who has to pave the way to success.