Established in 1958 with aid from UNESCO and former Soviet Union, IIT Mumbai ranks at No. 1 on the list of Best engineering colleges of 2011. However, the college bags the No. 2 spot in the placement-wise category with a total score of 28.6 on 40.
The survey quotes IIT Mumbai's placement report saying, "Amongst positive vibes about economic recovery and increased hiring, IIT Bombay entered its placement season with high expectations in 2010-11. Around 250 organizations participated in the campus placement and over 950 jobs have been offered through on-campus and pre-placement offers."