IIT Bombay ends phase 1 placements with record job offers

A total of 1,723 job offers were made to the students during the phase I of placements at IIT Bombay.

Students of the Indian Institute of Technology (IIT) Bombay have accepted 1,382 offers, including pre-placement offers, from 315 companies so far. A total of 1,723 offers were made to the students of the institute. This is an all-time high record of number of offers made during the phase I of placements at IIT Bombay.  

The phase I of placement season at the institute began on December 1, 2021, and continued till December 18, 2021. A comparison of offers received and accepted over the last three years is given below:

Year-wise campus placements at IIT Bombay 

The highest number of offers was rolled out by the engineering and technology sector. The institute had two public sector undertakings (PSUs) coming in phase I of placements this year, which issued nine offers.  

Sector-wise average compensation at IIT Bombay

Sector	Average CTC (in LPA)
Engineering & Technology	INR 21.54
IT/Software	INR 27.05
Finance	INR 28.40
Research & Development	INR 25.12
Consulting	INR 18.02

A release issued by the institute said, “We have received a total of 45 international offers from different countries such as the United States, Japan, UAE, Singapore, the Netherlands, Hong Kong and Taiwan. The placement office also focused on connecting with growing start-ups and industry with diverse roles to tackle the market slowdown.” 

It said, “Considering all the recruiting organisations at IIT Bombay, the average CTC package this year has been INR 25 lakh per annum. The highest domestic CTC package has been INR 1.68 crore per annum. The number of international offers above one crore are seven and domestic offers above one crore are five.” 

Read more: 

• IIT Placements: At 1250, IIT Delhi students get highest-ever job offers
• IIT Gandhinagar sees 55% increase in placement offers, says Director
• IIT Madras concludes phase I placements with 1085 job offers