IIT Bombay Achieves Record-breaking Placements
IIT Bombay recently concluded its annual placement season, achieving remarkable milestones that underscore its global reputation. In a year filled with uncertainty, the institute managed to secure impressive job offers for its graduates.
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Highest-ever Package
The headline-grabbing achievement for IIT Bombay was securing its highest-ever international job offer, with a staggering salary of Rs 3.7 crore per year. This substantial increase from the previous year’s highest international salary of Rs 2.1 crore demonstrates the continued global demand for IIT Bombay graduates.
On the domestic front, the top salary offered was Rs 1.7 crore per year, highlighting the competitiveness of Indian recruiters as well.
Sector Preferences
Engineering and technology remained the preferred choice for graduates, with consistent average compensation levels compared to the previous year. While there was a minor decline in IT/software hiring, the average salary for the season at the Powai campus reached an impressive Rs 21.8 lakh per annum (CTC). This steady rise from Rs 21.5 lakh and Rs 17.9 lakh in the 2021-22 and 2020-21 academic years, respectively, showcases the resilience of IIT Bombay graduates in a dynamic job market.
Exceptional Offers
This placement season saw a total of 16 offers exceeding Rs 1 crore per annum. Out of the 300 pre-placement offers extended, a remarkable 194 were accepted by students, including 65 international offers. While the number of international offers showed a slight dip compared to the previous year, it’s evident that IIT Bombay remains an attractive destination for both domestic and global recruiters.
International Opportunities
The 16 offers of Rs 1 crore and above came from companies based in various countries, including the United States, Japan, the United Kingdom, the Netherlands, Hong Kong, and Taiwan. The placement office attributed the stability in the number of international offers to the ongoing situation in Ukraine and the subdued global economy.
In Conclusion
IIT Bombay’s achievement in placements reflects its unwavering commitment to excellence in education and the global employability of its graduates. Despite the challenges posed by the ever-evolving job market, the institute continues to produce talent that is highly sought after by prestigious companies worldwide. These outstanding placements are a testament to IIT Bombay’s legacy and the bright future that awaits its students.
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