IIT Bombay Placement 2023: Highest international job offer sets new record with INR 3.7 Cr package

IIT-Bombay students accepted sixteen job offers with annual salaries exceeding INR 1 crore. They also accepted 194 of the 300 pre-placement offers. There were 2,174 registered students for the campus placement period from July 2022 to June 2023. Out of the total, 1,845 students actively participated in placements, which is the highest number to date.

IIT Bombay Placements 2023: The Indian Institute of Technology, Bombay (IIT-Bombay) recently concluded it annual placement drive with the institute's highest international job offer of INR 3.7 crore per year. Another IIT-Bombay student got placed within the country at a package of INR 1.7 crore, according to an official release. This year’s annual placement drive marks a substantial increase compared to last year's international offer of INR 2.1 crore, while the domestic offer for the previous year was marginally higher at INR 1.8 crore yearly. However, the institute has not released the names of the students who have received these offers. 

1,845 students actively participated in IIT Bombay placements

IIT-Bombay students accepted sixteen job offers with annual salaries exceeding INR 1 crore. They also accepted 194 of the 300 pre-placement offers, as per the release on 2022-23 placements. There were 2,174 registered students for the campus placement period from July 2022 to June 2023. Out of the total, 1,845 students actively participated in placements, which is the highest number to date.

Students at IIT-Bombay received 65 overseas job offers this year from organisations with offices in the United States, Japan, the United Kingdom, the Netherlands, Hong Kong, and Taiwan. In contrast to the average offers that came during the 2021-2022 and 2020-2021placement seasons, which were respectively INR 21.50 lakh per year and INR 17.91 lakh per year, the average package made during the 2022-2023 placement season stood at INR 21.82 lakh per year.

90% students of BTech, dual-degree, and MTech programmes secured jobs

The engineering and technology sector witnessed the maximum number of placements, with 458 of them securing entry-level positions across 97 key engineering companies. Compared to last year, fewer students were hired in the information technology and software sectors this season. However, 302 students got job offers from over 88 companies in the IT/software sector. Trading, finance, and fintech companies were the main recruiters. This year, 76 vacancies were available from 32 financial service companies. Roles in product management, mobility, data science, analytics, and education were all in high demand.

In total, 82 per cent of the students who actively participated in the 2022-23 placement drive were successfully placed. Nearly 90 per cent of students from BTech, dual-degree, and MTech programmes secured jobs.

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