The salary of an MTech graduate in Mechanical Engineering from IIT Bombay varies from branch to branch.

• Mechanical Designers get more salary ranging from 5 to 12 lakh than others some even get around 20 LPA.
• Thermal Engineering students get slightly lower packages than design students 
• Manufacturing Engineering students get salaries of around 4 Lakhs to 8 Lakhs

MTech students are usually hired by core companies that gain less profit than Software Companies and hence end up with lower packages than BTech students. Moreover, companies are aware that BTech students are all-rounders and thus prefer them to MTech students. However, the promotion of MTech students is faster than that of BTech students.