16 students of IIT Bombay bag over Rs 1 crore package; highest int'l CTC is Rs 3.6 Crore

Indian Institute of Technology Bombay (IIT-B) has concluded its placement drive this year. During the IIT Bombay placement season 2022-23, 16 offers of above Rs 1 crore per annum were accepted. The highest international and domestic salaries (based on cost to company (CTC)) were Rs. 3.67 crore per annum (CPA) and Rs.1.68 CPA, respectively. 

Profiles in artificial intelligence, machine learning, product management, mobility, data science and analytics, and education also saw brisk hiring trends. Application Development, Materials Research, Power Electronics, AI / ML and Research Laboratories, where 30 organizations offered 92 positions in 2022 – 23.

"A total of 2174 registered for the campus placement season from July 22 to June 2023 of which 1845 students actively participated in placements and 1516 students secured jobs, which is the highest number to date. The placements were conducted in a hybrid mode consisting of interviews conducted both online and off-line. 1316 Job Announcement Forms were filled by 531 companies this year, excluding the pre-placement offers. Sixteen offers of above Rs. 1 crore per annum and sixty-five international offers were accepted at IIT Bombay during the placement season 2022-23. Of the 300 pre-placement offers 194 were accepted by students at IIT Bombay. The average salary of the students placed this season was Rs 21.82 Lakhs per annum (CTC)," the placement report reads.

IIT Bombay Placement Report 2022-23

Number of Registered Students - 2174

Number of Students who Actively Participated -1845

Number of Companies Participated - 384

Total Number of Companies Making Job Offers - 324

Total Number of Job Offers - 1898

Number of Accepted Offers -1516

Number of Pre-Placement Offers - 300

Pre-Placement Offers accepted- 194

Job Offers above Rs. 1 crore accepted - 16

International Job Offers accepted - 65

Highest International Salary - Rs. 3.67 Crore

Highest Domestic Salary (C.T.C.) - Rs. 1.68 crore

Average Salary Package of Selected Students -Rs. 21.82 Lakhs per annum

Top Recruiting Sector- Engineering & Technology

"This year 65 international offers were made to IIT Bombay students from different firms based in the USA, Japan, United Kingdom, Netherlands, Hong Kong and Taiwan. Due to the war in Ukraine and the subdued global economy, the number of international offers were similar to last year. The average package offered during IIT Bombay placement season 2022-2023 stood at INR 21.82 LPA in comparison to the average packages in 2021-22 and 2020-21 which were INR 21.50 LPA and INR 17.91 LPA, respectively," the report reads.