The placement season at IIT Bombay concluded with a mixed bag of outcomes. While the highest annual package reached an impressive Rs. 23.5 lakh, the lowest package offered dropped to Rs. 4 lakh. 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. However, the placement process saw a slow start, picking up momentum after April. Despite this, 75% of students were placed through campus drives, and another 15% secured jobs independently. The remaining students have found alternative employment avenues.
In contrast, IIT Madras witnessed even more favorable placement outcomes as of May 2024. Over 90% of BTech and Dual-Degree graduates had secured career opportunities, with more than 80% of BTech/Dual Degree students and over 75% of master’s degree students placed by April 30, 2024. A total of 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, reflecting the strong demand for IIT Madras graduates.
To gain a deeper understanding of the placement trends, let’s compare the placement records of both institutes over the past three years, based on data published by the National Institutional Ranking Framework (NIRF).
Placement Comparison for 4-year UG Programme
| Academic Year | IIT Bombay | IIT Madras |
|—|—|—|
| 2020-21 | Number of students graduated: 663, Number of students placed: 500, Median Salary: Rs. 13.9 lakh | Number of students graduated: 338, Number of students placed: 292, Median salary: Rs. 15 lakh |
| 2021-22 | Number of students graduated: 674, Number of students placed: 591, Median Salary: Rs. 18 lakh | Number of students graduated: 288, Number of students placed: 297, Median salary: Rs. 17 lakh |
| 2022-23 | Number of students graduated: 798, Number of students placed: 644, Median Salary: Rs. 19.63 lakh | Number of students graduated: 639, Number of students placed: 496, Median salary: Rs. 16.4 lakh |
Placement Comparison for 5-year UG Programme
| Academic Year | IIT Bombay | IIT Madras |
|—|—|—|
| 2020-21 | Number of students graduated: 160, Number of students placed: 132, Median salary: Rs. 16.3 lakh | Number of students graduated: 342, Number of students placed: 287, Median salary: Rs. 15.5 lakh |
| 2021-22 | Number of students graduated: 160, Number of students placed: 157, Median salary: Rs 20 lakh | Number of students graduated: 426, Number of students placed: 352, Median salary: Rs. 18.5 lakh |
| 2022-23 | Number of students graduated: 199, Number of students placed: 187, Median salary: Rs. 18.5 lakh | Number of students graduated: 385, Number of students placed: 325, Median salary: Rs 17 lakh |
Over the past three years, IIT Bombay consistently had a higher number of graduates and placements in the 4-year UG programme. However, IIT Madras consistently graduated more students in the 5-year UG programme and had higher placement numbers. IIT Bombay’s median salary saw a significant jump in 2021-22, while IIT Madras’s placement performance was consistently strong across both programmes. Both institutes also had a significant number of students pursuing higher studies, highlighting their academic excellence.
Ultimately, choosing between IIT Bombay and IIT Madras depends on individual preferences and career aspirations. Both institutions are highly regarded and provide students with excellent opportunities for a successful future.
