IIT Bombay Student Gets Rs 2.2 Crore Offer? What The Institute Said

Mumbai, Maharashtra: On the reports of a Dutch trading firm, Da Vinci Derivatives, offering a staggering Rs 2.2 crore package to the students of India’s premier institute, Indian Institute of Technology (IIT) Bombay has now released a statement. As per reports the Amsterdam-based company has offered positions to at least three students so far.

The Institute said IIT Bombay has not officially issued any statement to the press so far regarding the ongoing placement season. It also said the reports being published are invalidated and “hence IIT Bombay does not take any responsibility for the same”.

“We are committed to providing diverse opportunities for students and we will issue an official statement, once we have authentic information to share. Further, we only disclose median salaries and not CTCs.  (Note: The median CTC is the middle value) IIT Bombay is committed to excellence in research and academics and we request all to join us in taking it to further heights,” the statement said.

The placement reports from media has said that Hedge fund firm Jane Street also made pre-placement offers and IMC Trading offers also went up to Rs 1 crore for its Mumbai office. As per the reports IMC had shortlisted at least 10 students. Corporates including Gravitation, Quadeye, and WorldQuant offered domestic roles with packages to IIT B students going above 90 lakhs. According to the reports, most leading trading firms offered packages close to or above Rs 1 crore.

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Computer manufacturing giants Nvidia, investment management firm Blackstone, Sony Japan, GE Aerospace, and Pine Bridge; consultancy powerhouses McKinsey also visited campus this placement season, the reports said.

Flipkart, Ola, Microsoft, Apple, and Google also offered domestic profiles.