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

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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