IIT Bombay Placements 2024: 85 job offers with over Rs 1 crore salary package

Indian Institute of Technology Bombay (IIT Bombay) has concluded the phase 1 placement session for the academic year 2023-24 with 388 domestic and international organizations participating in recruitment. In phase 1 placement season, 85 job offers with CTC greater than Rs 1 crore per annum were accepted.

The overall average salary of phase 1 placements was recorded at Rs 24.02 lakh per annum. The average salary package offered last year was Rs 21.82 lakhs per annum.

The IIT Bombay students got 1,340 job offers till December 20, 2023, which resulted in 1,188 students getting placed. Of which, seven students placed in public sector units (PSUs). Out of the 297 pre-placement offers (PPOs) received through internships, 258 students have accepted the offer.

Students also received 63 international job offers with locations in Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong.

“IIT Bombay slots companies in a way to ensure that firms are maximally spread out to reduce stress on students and also minimize cross offers. Firms have interacted with candidates in-person or through virtual meeting platforms, with all the students appearing for the interviews from the venue itself,” the institute said.

Engineering and technology, IT, software, finance, banking, fintech, management consulting, data science and analytics, research and development, and design domains got the highest number of placement offers.