Admission to the M.Tech program at IIT Bombay requires a strong performance in the GATE exam, focusing on technical knowledge and general intelligence. Successful candidates usually prepare for 6 to 8 months. Unlike some other programs, there is no group discussion or interview in the selection process. M.Tech students benefit from a monthly stipend of Rs. 12,400 provided by MHRD, which helps cover the affordable tuition fees. The total cost for the two-year program is Rs. 56,000, and additional mess fees during the pandemic are Rs. 27,000 per semester.
Placement opportunities are robust, with a 70-75% placement rate overall and eligibility beginning in the 3rd semester. Noteworthy recruiters include Piramal, Hindustan Unilever, and Exxon Mobil, offering roles such as graduate engineer trainee and data scientist. In 2020, the highest salary offer was Rs. 19 lakh per annum, and the median salary was between Rs. 7-8 lakh per annum. Over 300 companies, including Microsoft and Amazon, participate in placements, with some packages reaching up to Rs. 1.6 crore.
Students also have access to Teaching or Research Assistantships.
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