IIT Bombay Placements: Average Salary Rises to Rs 26.45 Lakh Despite 70 Per cent Dip in Hiring Rate

IIT Bombay released its 2024-25 placement report, highlighting a paradoxical trend where average annual salaries rose by 10% to Rs 26.45 lakh, despite a 5% drop in hiring rate to 70%. Out of 2040 participating students, 70% secured job offers, down from 75% in the previous year, reflecting cautious hiring amid a global slowdown. The median salary also increased to Rs 20 lakh, signaling stronger compensation for placed candidates. The engineering and technology sector dominated recruitment with 429 offers, followed by IT/software (316), consulting (126), data analytics (114), and finance (112). International offers accounted for only 65, primarily from firms in Japan, Taiwan, Europe, and the US. The Computer Science and Engineering department maintained high placement success, with 258 out of 277 students placed. The report noted that some students, particularly PhD candidates, opted out of placements to pursue entrepreneurship, higher studies, or postdoctoral research. This trend contributed to the slight decline in overall placement rates. Despite the hiring slowdown, the institute’s ability to secure higher average salaries suggests strong demand for its graduates in key sectors. The placement season underscored IIT Bombay’s continued prestige, particularly in technical fields, even as global economic conditions impacted hiring volumes. The rise in salaries reflects ongoing competition for skilled engineers and technologists, despite broader market uncertainties.