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The placement season at IIT Bombay has concluded, revealing a mixed bag of outcomes. According to media reports, the highest annual package reached an impressive Rs. 23.5 lakh, while the lowest package offered dropped to Rs. 4 lakh. Ten students accepted offers with salaries between Rs. 4 lakh and Rs. 6 lakh. Sources noted that the second phase of placements started slow but gained momentum after April.Despite this, 75% of students were placed through campus drives, and another 15% secured jobs independently, suggest reports. Notably, 558 offers from 123 companies exceeded Rs. 20 lakh per annum, while 230 offers ranged between Rs. 16.75 lakh and Rs. 20 lakh per annum. The report emphasized that while 75% of students were placed, the remaining unplaced students have successfully identified alternative employment avenues.
On the other hand, according to a media report of May 2024, at IIT Madras the placement outcomes were even more favourable. As of May 2024, 90% of BTech and Dual-Degree graduates had secured career opportunities. More than 80% of BTech/Dual Degree students and over 75% of master’s degree students had been placed by April 30, 2024. The institute reported that 1,091 students were placed in 256 companies during the 2023-24 Phase I and Phase II campus placements. The median salary offered stood at Rs. 19.6 lakh, with the average reaching Rs. 22 lakh, underscoring the strong demand for IIT Madras graduates.

Placement Records: A comparative between IIT Bombay and IIT Madras

So which institute is better in terms of placement records? Here is a look at the last three years’ data of both the institutes published by the National Institutional Ranking Framework (NIRF).
IIT Bombay vs. IIT Madras: Placements comparison for 4-year UG Programme

Between IIT Bombay and IIT Madras, IIT Bombay consistently had a higher number of graduates and placements from 2020 to 2023. In the academic year 2020-21, IIT Bombay had 663 graduates, with 500 placed at a median salary of Rs. 13.92 lakh, and 163 pursuing higher studies. On the other hand, IIT Madras had 338 graduates with 292 placed at Rs. 15 lakh, and 17 pursuing higher studies. In 2021-22, IIT Bombay saw 674 graduates, with 591 placed at a median salary of Rs. 18 lakh, while IIT Madras had 388 graduates, 297 placed at Rs. 17 lakh, and 78 pursuing higher studies. By 2022-23, IIT Bombay had 798 graduates, with 644 placed at Rs. 16.3 lakh, whereas IIT Madras had 638 graduates, 496 placed at Rs. 16.34 lakh, and 96 pursuing higher studies. IIT Bombay’s median salary saw a significant jump in 2021-22 at Rs. 18 lakh from previous year’s 13.9 lakh. IIT Bombay also had a higher number of students opting for higher education each year.
IIT Bombay vs. IIT Madras: Placements comparison for 5-year UG Programme

In the 5-year UG programme, IIT Madras consistently graduated more students between 2020 and 2023 and had higher placement numbers. In 2022-23, IIT Madras graduated 385 students with 325 placed at a median salary of Rs. 17 lakh, while IIT Bombay had 199 graduates with 187 placed at Rs. 18.5 lakh. IIT Bombay achieved a higher placement rate and median salary peak in 2021-22, with 160 graduates placed at Rs. 20 lakh, compared to IIT Madras’s 426 graduates placed at Rs. 18.9 lakh. Additionally, IIT Madras had more students opting for higher education each year, highlighting its strong academic and placement performance.