Mon. Jan 17th, 2022

IIT Bombay Completes 1st Phase of Placement Drive; Highest Salary Offer Crosses INR 2 Crores Per Annum

Placement Drive
  • 12 Students Get Offers of More than INR 1 Crore of Annual Package

  • Highest Average Salary is from Finance Sector

IIT Bombay has secured 1382 selections so far (including Pre-Placement Offers) from 315 companies. This is an all-time high record of number of offers in Phase-I of IIT Bombay’s placement drive. The institute is expecting some more offers in the coming days. A comparison of offers received and accepted over the last three years is given below:

Year

Pre-Placement Offers

Campus Placement Offers

Total Offers in Phase-I

Received

Accepted

Received

Accepted

Received

Accepted

2019-20

164

113

1155

1059

1319

1172

2020-21

182

152

946

821

1128

973

2021-22

248

202

1475

1180

1723

1382

The highest number of offers was rolled out by the Engineering & Technology sector, ascertaining the technical proficiency of IIT Bombay students. We had 2 PSUs coming in Phase-I of Placements this year, which issued 9 offers. More PSUs are expected to recruit during Phase-II of campus placements. The sector-wise average compensation is given below:

Sector

Average CTC (in LPA)

Engineering & Technology

21.54

IT/Software

27.05

Finance

28.40

Research & Development

25.12

Consulting

18.02

We have received a total of 45 international offers from different countries like USA, Singapore,  Japan, UAE, Netherlands, Hong Kong and Taiwan. The Placement Office also focused on connecting with growing start-ups and industry with diverse roles to tackle the market slowdown. Considering all the recruiting organisations at IIT Bombay, the average CTC package this year has been 25.00 lacs per annum. The highest domestic CTC package has been 1.68 crore per annum and the highest international CTC has been USD 2.87 lacs per annum. Number of international offers above 1 crore are 7 and domestic offers above 1 crore are 5.

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