22 IIT Bombay Students Bag “Greater Than ₹1 Cr Per Annum” CTC
The phase-I of placement season 2023-24 at Indian Institute of Technology (IIT) Bombay ended with students participating in placement process involving 388 domestic and international organizations. The number includes companies making pre-placement offers (PPOs) as well as participating public sector units (PSUs).
A statement from the premier technological and research institute said it slots companies in a way to ensure that firms are maximally spread out to reduce stress on students and also minimize cross offers. It also said that firms have interacted with candidates in-person or through virtual meeting platforms, with all the students appearing for the interviews from the venue itself.
1,340 offers had been made till December 20, 2023, which resulted in 1,188 students getting placed. This includes the 7 students placed in PSUs as well as 297 PPOs via internships of which 258 were accepted, the statement said.
Some of the top recruiters who have visited the campus this season are Accenture, Airbus, Air India, Apple, Arthur D. Little, Bajaj, Barclays, Cohesity, Da Vinci, DHL, Fullerton, Future First, GE-ITC, Global Energy and Environ, Google, Honda R&D, ICICI-Lombard, ideaForge, IMC Trading, Intel, Jaguar Land Rover, JP Morgan Chase, JSW, Kotak Securities, Marsh McLennan, Mahindra Group, Micron, Microsoft, Morgan Stanley, Mercedes-Benz, L&T, NK Securities, OLA, P&G, Qualcomm, Reliance group, Samsung, Schlumberger, Strand Life Sciences, Tata group, Texas Instruments, TSMC, TVS Group and Wells Fargo to name a few.
Sectors having highest number of offers rolled out are Engineering and Technology, IT / Software, Finance / Banking / Fintech, Management Consulting, Data Science and Analytics, Research & Development and Design.
International offers with locations in Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong were 63. Accepted job offers with CTC greater than ₹1 Cr per annum were 22.
When it comes to average CTC, over all was Rs 24.02 lakh, and students from Research and Development have a CTC of Rs 36.94 lakh.
