Indian Institute of Technology, Bombay2023 Placement Report
Indian Institute of Technology, Bombay: 2023 Placement Report
IIT Bombay (IIT B) 2023 placement report: CTC, recruiters, and sector data from the official release.
Numbers
Editorial review
Indian Institute of Technology, Bombay's 2023 placement cycle: 1,516 of 1,845 participating students were placed (82.16%) across 1,516 offers from 324 recruiting organizations, with an average CTC of Rs 21.82 LPA and a highest domestic CTC of Rs 1.68 crore; Engineering & Technology led sector share at 30.21%. The longer reading and numbered takeaways below unpack what that means for sector mix, recruiter depth, and how to read average versus median.
Engineering & Technology remained the largest sector at 30.21% of offers (458 of 1,516) in 2022-23, with IT/Software second at 19.92% (302 offers). Consulting held 10.16% (154 offers), ahead of Research & Development at 6.07% (92) and Education at 5.34% (81), while newly broken-out categories like Design (2.18%, 33 offers) and Data Science (1.65%, 25 offers) point to a widening set of hiring profiles beyond the sector groupings used in earlier years.
Of the 1,845 students who actively participated in placements, 1,516 were placed, a placement rate of 82.16%, the highest number of students placed in a single season on record for IIT Bombay at that time. The 324 organizations that made job offers extended 1,516 of them, close to one offer per recruiter on average, and 65 international offers were accepted, about 4.3% of the total.
The average CTC rose to Rs 21.82 LPA against an average gross salary of Rs 16.66 LPA, and 16 offers above Rs 1 crore per annum were accepted, alongside a highest domestic CTC of Rs 1.68 crore. Sector percentages are computed from the report's own offer counts against the season total of 1,516 offers.
Key takeaways
Average CTC rose 1.5%
Average CTC rose from ₹21.50 LPA in the prior cycle to ₹21.82 LPA this year (+1.5%). That is a modest change for Indian Institute of Technology, Bombay aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Highest CTC fell 6.7%
Highest CTC fell from ₹1.80 Cr PA in the prior cycle to ₹1.68 Cr PA this year (−6.7%). That is a clear year-on-year shift for Indian Institute of Technology, Bombay aspirants reading this report as a signal of typical outcomes, especially for median, which is less skewed by a handful of outlier offers than average or highest CTC.
Engineering & Technology led the batch at 30.21%
Engineering & Technology accounted for 30.21% of offers, or 458 offers, the largest sector share in this 2023 report. The next sector, IT/Software, sat at 19.92% (302 offers), so the gap between first and second is 10.3 percentage points. If your target function sits outside this lead sector, treat the headline placement rate as a campus-wide figure rather than a guarantee for your preferred cohort.
Top two sectors took 50% of offers
Engineering & Technology and IT/Software together made up 50.1% of offers, a concentrated recruiter mix. Others was a distant third at 12.73%. Concentration is not automatically good or bad, but it does mean batch-level averages can mask thinner opportunity in secondary functions.
82.2% of the eligible batch placed
1516 of 1845 eligible students accepted offers through the campus process (82.2%), with 329 opting out or taking paths outside the reported pool. High conversion is the headline; the more useful follow-up is whether your preferred sector and role type showed up in the sector split and recruiter list below.
International offers stayed rare
65 of 1516 offers were international (4.3%). That share is small enough that domestic packages define the typical story. Crore-plus overseas headlines, when they appear, usually sit in this thin tail rather than in the median.
Sector split
Hover a slice to view the percentage / count split
Frequently asked questions
How does the highest CTC compare with the average in 2023?
The highest CTC was ₹1.68 Cr PA, about 7.7x the average of ₹21.82 LPA.
How significant were international offers in 2023?
65 of 1516 offers were international (4.3%).
Which program does this 2023 report cover?
This page covers All programs (B.Tech, M.Tech, Dual Degree, M.Sc, M.Des, PhD), Academic Year 2022-23 at Indian Institute of Technology, Bombay.
Where do these placement figures come from?
Every number on this page is transcribed from Indian Institute of Technology, Bombay's own published materials. Open the source link under the title for the original document.
Notes
Engineering & Technology remained the largest sector at 30.21% of offers (458 of 1,516) in 2022-23, with IT/Software second at 19.92% (302 offers). Consulting held 10.16% (154 offers), ahead of Research & Development at 6.07% (92) and Education at 5.34% (81), while newly broken-out categories like Design (2.18%, 33 offers) and Data Science (1.65%, 25 offers) point to a widening set of hiring profiles beyond the sector groupings used in earlier years.
Of the 1,845 students who actively participated in placements, 1,516 were placed, a placement rate of 82.16%, the highest number of students placed in a single season on record for IIT Bombay at that time. The 324 organizations that made job offers extended 1,516 of them, close to one offer per recruiter on average, and 65 international offers were accepted, about 4.3% of the total.
The average CTC rose to Rs 21.82 LPA against an average gross salary of Rs 16.66 LPA, and 16 offers above Rs 1 crore per annum were accepted, alongside a highest domestic CTC of Rs 1.68 crore. Sector percentages are computed from the report’s own offer counts against the season total of 1,516 offers.