The admission process for IITs requires candidates to clear the JEE Main and JEE Advanced exams, followed by participation in JoSAA counselling for seat allocation. The faculty is highly qualified with a faculty-student ratio of about 1:15. The curriculum includes regular assessments and supportive faculty-student relationships, promoting a collaborative educational environment. IIT Bombay's total fee is Rs. 1,37,250, inclusive of Rs. 22,000 for messing, with scholarships and student loans available. Placement starts in the 7th semester, with 85% of BTech and 94% of MTech students placed in 2020-21.
Over 300 companies, including Google and Microsoft, recruit from the institute, offering packages averaging 20-25 LPA. The highest international and domestic packages offered were 3.7 crore INR and 1.7 crore INR, respectively. Internships provide stipends from 30k to 1 lakh INR monthly, with many students receiving PPOs. IIT Bombay's placement cell actively facilitates diverse opportunities. Scholarships like the Merit-cum-Means (MCM) cover tuition for students from lower-income backgrounds. The tuition fee per semester is around 1 lakh INR, with total annual fees between 2.75 to 3.5 lakh INR.
Loans are available with interest rates approximately 8.8% per annum, ensuring financial feasibility for students.
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