Despite being a new IIT, the placement scenario at IIT Bhubaneswar is quite good and there has been a surge in placement rate in recent year. According to 2019 placement highlights, the overall placement rate at this IIT was around 90%. Whereas for M.Tech students the placement rate was 69%. For an M.Tech student in computer science engineering, the minimum package for the placement in this year was 9 lakhs per annum and the maximum was 24 lakhs per annum. A total of 89 companies took part in the placement drive including many MNCs and PSUs. Top recruiters were Amazon, Microsoft, Goldman Sachs, KPMG, L&T, Deloitte, Directi, IBM, Tesco, Samsung, Apple Inc, Adobe, etc. Apart from placement students also get great internship opportunities with good pays.