B.S. in Economics at IIT Bombay

If you are looking at B.S. in Economics, IIT Bombay in Mumbai runs it as a 4-year, full-time undergraduate course. The intake is 40 seats a year. Fees for the full course come to ₹11.1 lakh (roughly ₹2 lakh a year).

IIT Bombay is a public/government institute, founded in 1958. This page brings together what is on record for this course at IIT Bombay — fees, seats, eligibility, the admission route and placements — so you can judge it before you apply.

Here is how the fee on record breaks down. Fees are for the whole course unless marked otherwise, and apply to B.Sc programmes at IIT Bombay as a group.

Colleges revise fees most years, and hostel, transport and exam charges are often billed separately. Confirm the current figure with IIT Bombay before you pay anything.

To be considered for B.S. in Economics, you usually need Class 12 with Science subjects. The minimum marks on record at IIT Bombay are: X: 0.0, XII: 75.0, Graduation: 0.0.

IIT Bombay accepts Joint Entrance Exam Main for its courses. Reserved-category candidates generally get a relaxation in the minimum marks. Check IIT Bombay's prospectus for the exact cut-off this year.

Here is the usual route in:

1. Check that you meet the eligibility above and register for the entrance exam in time.
2. Take Joint Entrance Exam Main and keep your scorecard.
3. Apply to IIT Bombay on its website (www.iitb.ac.in) or through the enquiry form on this page, and take part in counselling if a state or central body runs it.
4. Once you are offered a seat, verify your documents (marksheets, ID, category certificate if any) and pay the admission fee to confirm it.

The latest placement figures on record (2024) show a placement rate of 83.39%, an average package of ₹28.01 lakh, a median package of ₹26.73 lakh and a highest package of ₹72 lakh at IIT Bombay. 1,475 students were placed that year. These are college-wide figures, not only for this specialisation.

For B.S. in Economics specifically, the average salary on record is ₹19.63 lakh a year.

Placement numbers vary a lot by year and by branch. Ask the placement cell for the branch-wise report of the last two batches.

IIT Bombay runs 3 B.Sc specialisations in all. Worth comparing before you decide:

• B.S. in Chemistry
• B.S. in Mathematics

Before you decide, it helps to be clear on these:

• Do the subjects of B.S. in Economics genuinely interest you? You will spend 4 years on them.
• Can you manage ₹11.1 lakh over the course, plus hostel and living costs? Ask about scholarships and education loans.
• Are the placement figures above good enough for your goals? Ask for the branch-wise numbers.
• How does IIT Bombay compare with other colleges offering B.Sc in and around Mumbai?