SJMSOM Placements 2024: Average Package & Highest Package, Sector-wise placements
The SJMSOM Placements Report for 2024 from IIT Bombay highlights a year of notable achievements and shifts in placement trends. The placement rate remained at 100%, with significant changes observed in average and highest salary packages.
This year’s data shows a peak in the highest package at INR 72 LPA, up from INR 54 LPA in the previous year, while the average package slightly decreased to INR 28.01 LPA from INR 28.88 LPA in 2023. The report also provides insights into sector-wise placements, revealing strong recruitment in the BFSI & Conglomerate sectors and an increase in prominent firms across various industries.
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SJMSOM Placements 2024: IIT Bombay MBA Placements 2024 Report
The IIT Bombay MBA Placements Report for 2024 reveals a 100% placement rate with a highest package of INR 72 LPA, up from INR 54 LPA last year. The average package slightly decreased to INR 28.01 LPA from INR 28.88 LPA in 2023. Top sectors include BFSI & Conglomerate, with prominent recruiters such as JP Morgan Chase & Co, ICICI Bank, and Flipkart driving the placements.
| Particulars | Placements Statistics (2024) | Placements Statistics (2023) |
| Placement rate | 100% | 100% |
| Highest Package | INR 72 LPA | INR 54 LPA |
| Average Package | INR 28.01 LPA | INR 28.88 LPA |
| Average Package (Female Students) | INR 29.31 LPA | INR 29.35 LPA |
| Average Package (PPO) | INR 29.97 LPA | INR 30.35 LPA |
| Top 25 Percentile Average Package | INR 38.29 LPA | INR 40.80 LPA |
| Top 50 Percentile Average Package | INR 33.82 LPA | INR 34.58 LPA |
| Top 75 Percentile Average Package | INR 30.71 LPA | INR 31.41 LPA |
| Median Package | INR 26.73 LPA | INR 26.64 LPA |
| Top Recruiting Sector | BFSI & Conglomerate | FMCG / FMCD |
| Top recruiters | JP Morgan Chase & Co, ICICI Bank, Kearney, Deloitte, Accenture Strategy, Flipkart | Accenture, EXL, Amazon, ITC, Google, JIO, Wipro, Marico, HCLTech and TCS |
SJMSOM Placements 2024: MBA 2022-24 Batch Profile
- Batch size: 115 students
- Females: 14%
- Students with work exp: 76%
- Average Work Experience: 22 months
Know more: SPJIMR Placements 2024: Final Placement, Highest and Average Package
Work Experience
The average work experience of the batch is 22 months and ranges from less than one year to more than 36 months. The percentage of students with varied durations of work experience is shared below:
| Period of Work Experience | Percentage of Students in the MBA 2022-24 Batch |
| 1-12 Months | 16% |
| 13-24 Months | 44% |
| 25-36 Months | 32% |
| 36+ Months | 8% |
SJMSOM Placements 2024: IIT Bombay MBA Average Package 2024
In 2024, the average package for IIT Bombay MBA graduates was INR 28.01 LPA, a slight decrease from INR 28.88 LPA in 2023. This marks a notable increase from previous years, reflecting a consistent upward trend in compensation, with the average package rising from INR 20.80 LPA in 2019 to INR 28.01 LPA in 2024.
| Placement Year | IIT Bombay MBA Average Package |
| 2024 | INR 28.01 LPA |
| 2023 | INR 28.88 LPA |
| 2022 | INR 25.9 LPA |
| 2021 | INR 21.96 LPA |
| 2020 | INR 20.98 LPA |
| 2019 | INR 20.80 LPA |
SJMSOM Placements 2024: IIT Bombay MBA Highest Package
The highest package for IIT Bombay MBA graduates in 2024 reached INR 72 LPA, significantly up from INR 54 LPA in 2023. This increase highlights a substantial rise from previous years, with the highest package being INR 32.80 LPA in both 2021 and 2020 and INR 32.40 LPA in 2019.
| Placement Year | IIT Bombay MBA Highest Package |
| 2024 | INR 72 LPA |
| 2023 | INR 54 LPA |
| 2022 | INR 49 LPA |
| 2021 | INR 32.80 LPA |
| 2020 | INR 32.80 LPA |
| 2019 | INR 32.40 LPA |
IIT Bombay MBA Placements Sector – Wise: SJMSOM Placements 2024
In IIT Bombay MBA Placements 2024, the sector-wise distribution shows that 23% of students joined BFSI & Conglomerate sectors, while this sector contributed 19% of the companies. Consulting and FMCG/FMCD sectors attracted 19% of the students, with FMCG/FMCD also making up 19% of the companies. IT & E-Commerce accounted for 18% of students but 23% of the company offers, and Pharma & Others had 21% of students with 27% of the companies.
| Sector | Students Split | Company Split |
| BFSI & Conglomerate | 23% | 19% |
| Consulting | 19% | 12% |
| FMCG / FMCD | 19% | 19% |
| IT & E-Commerce | 18% | 23% |
| Pharma & Others | 21% | 27% |
IIT Bombay MBA Summer Internship Placements 2025 Report
In the IIT Bombay MBA Summer Internship Placements for 2025, the number of recruiters increased to 45 from 38 in 2024, with 36% being new recruiters. The highest salary rose to INR 5 Lakhs, while the average salary decreased slightly to INR 2.92 Lakhs. FMCG/FMCD remained the major sector, and top recruiters included ICICI Bank, JP Morgan Chase & Co., and Deloitte.
| Particulars | Internship Statistics (2025) | Internship Statistics (2024) |
| Number of Recruiters | 45 | 38 |
| Number of New Recruiters | 36% | 32% |
| Number of Students | 116 | 113 |
| Highest Salary | INR 5 Lakhs | INR 4.40 Lakhs |
| Average Salary | INR 2.92 Lakhs | INR 3.03 Lakhs |
| Median Salary | INR 3 Lakhs | INR 3 Lakhs |
| Major Sector | FMCG / FMCD | FMCG / FMCD & Manufacturing |
| Top Recruiters | ICICI Bank, JP Morgan Chase & Co., Deloitte, Wipro, Flipkart | Accenture, Deloitte, Asian Paints, P&G, Google |
Know more: Indian Institute of Management, Calcutta Placement
IIT Bombay MBA Summer Internship Placements 2025 Sector-Wise
For IIT Bombay MBA Summer Internship Placements 2025, FMCG/FMCD & Manufacturing and Consulting & IT/ITes sectors each made up 22% of the companies and 24% of the student placements. BFSI and E-commerce & Healthcare both accounted for 15% of the company split and 16% of the student placements. Conglomerate & Others represented 26% of the companies and 24% of the student placements.
| Sector | Company Split | Student Split |
| FMCG / FMCD & Manufacturing | 22% | 24% |
| Consulting & IT/ ITes | 22% | 24% |
| BFSI | 15% | 16% |
| E-commerce & Healthcare | 15 | 16% |
| Conglomerate & Others | 26% | 24% |
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In conclusion, the SJMSOM Placements Report for 2024 showcase IIT Bombay’s continued excellence in securing high-value offers and maintaining strong placement rates. Despite a slight drop in the average package, the substantial increase in the highest package and the broad engagement across top sectors underscore the institute’s industry connections and growing appeal. The report’s sector-wise distribution and recruiter data further highlight the diverse opportunities available to graduates, solidifying IIT Bombay’s position as a leading business school in India.
Disclaimer: The information, statistics, and data contained herein are produced, processed, compiled, and based on various sources from the public domain believed to be reliable to the best of our knowledge. These details have been disseminated for reference purposes only and IMS makes no warranties or representations whatsoever regarding the quality, content, suitability, completeness, adequacy, accuracy or timeliness of such information, placement report, and data. Readers are further advised to procure information from the official websites of the respective Universities/institutes/ Business Schools etc.
