IIT Bombay MBA Average Package 2024, Check Previous Year Trends

The IIT Bombay MBA placement 2022-24 report shows a remarkable trend with an average package of Rs. 28.01 LPA. This is slightly lower than the previous year’s MBA average package of Rs. 28.88 LPA for the MBA 2021-23 batch. Although the 2022-24 batch did see a great deal of growth in other areas, for example, the Highest package offered of Rs. 72 LPA was significantly higher than the 32.4 LPA offered in 2023.

In the placement cycle for the 2022-24 cohort, 48 recruiters were involved, including 11 new companies, and offered numerous opportunities in various segments like BFSI, Consulting, IT & E-Commerce, FMCG/FMCD, Pharma, and Conglomerates. The top 25% of the batch earned an Average Salary of Rs. 38.29 LPA, and the Median Salary increased to Rs. 29.31 LPA.

The IIT Bombay Average Package for MBA in 2023 increased by 11%, while the 2022-24 batch did fairly well compared to the rest of the candidates despite the average being slightly lower.

IIT Bombay MBA Average Package 2024

With a 100% placement rate, the Shailesh J. Mehta School of Management (SJMSOM) at IIT Bombay effectively finishes the final placement procedure for its MBA cohort of 2022–2024.  With the median package at Rs. 29.31 LPA and the highest package at Rs. 72 LPA, the average package that was presented to students came at Rs. 28.01 LPA.

Participating in the placement season were 48 recruiters—77% of former ones and 11 new companies like Air India, Cipla, Dr. Reddy's Laboratories, and TAS.  Businesses presented positions across a range, including BFSI, Consulting, IT & E-commerce, FMCG/FMCD, Pharma, and Conglomerates.  With an average job experience of 22 months and a median CAT percentile of 98.45, the 115-student cohort presented an outstanding profile. With 76% of students having past work experience, gender variation stood at 14%.

IIT Bombay MBA Average Package 2023

The IIT Bombay MBA Placement Report for the 2021-2023 batch shows a successful season, with all students landing placements. The average and median package is Rs. 28.88 L and Rs. 26.64 LPA, respectively. The top 25% of students received offers with an Average Package of Rs. 40.80 LPA. 

Top recruiters such as Google, Accenture, Amazon, HUL, and ITC took part in the placements. The placements included key roles in Management Consulting, Product Management, Strategy, and Investment Banking. During this placement season, the IIT Bombay Average Package rose by 11% from last year.
 

IIT Bombay MBA Average Package 2022

IIT Bombay MBA Placement 2020-22 shows a significant 18.1% increase in the Average Package, reaching Rs. 25.93 LPA. The Highest Package for the MBA batch was Rs. 49 LPA, with approximately 65 students receiving PPOs, a 44.4% increase from the previous year.  Furthermore, the top 50% of the cohort received an Average Package of Rs. 31.14 LPA, while the top 75% received an average of Rs. 28.41 LPA.

With a Placement rate of 100%, Popular recruiters offered Business Analyst and Investment Banking Analyst roles in BFSI from ICICI Bank and JPMorgan Chase, consulting roles from Accenture and Deloitte, management roles from Amazon and Flipkart, and FMCG/Manufacturing roles from Asian Paints and P&G.

IIT Bombay MBA Average Package 2021

The IIT Bombay placement for MBA 20219-21 concluded with a 100% placement rate. The Average Package saw an increase of 5%, reaching Rs. 21.96 LPA. The MBA average package of the top 30% was Rs. 29.46 LPA, while the top 50% was Rs. 27.07 LPA, and the top 80% reached an average package of Rs. 23.73 LPA.

The IIT Bombay MBA batch had 108 eligible students with an average of 27 months of work experience, a gender diversity of 81% male and 19% female. The placement attracted 40 recruiters that including the previous companies, and 16 newly participating recruiters such as Infosys Consulting, JCB, Mars, and Paytm.

IIT Bombay MBA Average Package 2020

The IIT Bombay placement report for the MBA 2018-2020 concluded with a Median Package of Rs. 21 lakhs, with the Highest Salary offered Rs. 32.80 lakhs. Leading organizations like Accenture, Barclays, Deloitte, IBM, and Maruti Suzuki participated in the placement drive. The IIT Bombay MBA Average Package for the top 50 percentile was Rs. 25.02 LPA.

The placement process saw 56 recruiting companies, with 20 new recruiters joining the placement drive. The BFSI sector emerged as the most popular sector, with 28% of the batch securing roles in organizations like Goldman Sachs, ICICI Bank, and JP Morgan Chase.

IIT Bombay MBA Average Package 2019

As per the MBA placement report of IIT Bombay, the average package stood at Rs. 20.8 LPA with a median package of Rs. 20.3 LPA; SJMSOM's highest salary offered was Rs. 32.4 LPA. The number of recruiting companies grew to 41 with the participation of new recruiters such as Accenture, Google, PwC, and Flipkart.

The primary recruiters were BFSI, FMCG, Consulting, and IT industries; the BFSI sector took the lead. Goldman Sachs, ICICI Bank, and Yes Bank offered positions in Finance and Risk, while leading FMCG companies Nestlé, Marico, and Procter & Gamble offered positions in Sales & Marketing and Supply Chain. Consulting and IT had strong participation from top Accenture, IBM, and Google, with positions available in Management Consulting, Business Analytics, and Product Management.

IIT Bombay MBA Average Package 2018

The IIT Bombay MBA Average Package for 2016-18 was Rs. 19.06 LPA, with the Highest Package awarded being Rs. 32.4 LPA.  Over 49% of the batch received PPO.  A total of 53 recruiting firms engaged in the placement process, with 20 new recruiters joining the effort.  Industry titans, including Flipkart, Ola, and Maersk GSC, were among those who hired new employees.

 The cohort was made up of 107 students, with the BFSI sector having the most recruiters, with notable organizations such as Goldman Sachs, ICICI Bank, and Yes Bank providing positions in investment management, corporate banking, and risk management. During the final placements, 69 offers were made, and 53 students registered. The average salary for the top 20% of the batch was Rs. 25.24 LPA, while the top 50% earned Rs. 22.59 LPA.