IIT Bombay Completes 1st Phase of Placement Drive; Highest Salary Offer Crosses INR 2 Crores Per Annum
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12 Students Get Offers of More than INR 1 Crore of Annual Package
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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.