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

• 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:

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:

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.