85 IIT-Bombay students get package of over Rs 1 cr in phase 1 of placement round

63 students received International offers with locations in Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong

Phase 1 of the placement season 2023-24 at the Indian Institute of Technology (IIT) Bombay ended with 388 domestic and international organisations participating in the round. Around 85 students accepted job offers with CTC (cost to company) greater than Rs 1 crore per annum.

Among 388 offers includes companies making pre-placement offers (PPOs) as well as participating public sector units (PSUs). IIT-Bombay slots companies in a way to ensure that firms are maximally spread out to reduce stress on students and also minimise cross offers, the premier institute said in a statement.

Firms have interacted with candidates in person or through virtual meeting platforms with all the students appearing for the interviews from the venue itself. Around 1,340 offers had been made till December 20, 2023, which resulted in 1,188 students getting placed, including seven students in PSUs as well as 297 PPOs via internships of which 258 were accepted.

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Sectors having the highest number of offers rolled out are engineering & technology, IT/software, finance/banking/fintech, management consulting, data science and analytics, research & development and design. 63 students received international offers with locations in Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong.

Some of the top recruiters, who have visited the IIT-Bombay 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, among others.