IIT Bombay Breaks Records: 85 Students Secure Offers Over Rs 1 Crore in Round 1 Placements

New Delhi: Performing brilliantly during the first phase of placements, a remarkable 85 students of the prestigious Indian Institute of Technology (IIT) Bombay have secured job offers worth more than Rs 1 crore. The report released by the institute highlights the substantial impact of the research and development sector, which has seen an average annual salary increase of Rs 36.9 lakh, up from Rs 32.25 lakh last year.

While the finance sector, especially dominated by algorithmic trading firms, saw a 22% decline in average annual compensation to Rs 32.4 lakh from Rs 41.7 lakh last year, there was marginal growth in other sectors including IT/software and consulting. Was seen. Increase was observed. In the overall average salary during the initial phase of campus placement.

However, the international recruitment landscape is facing challenges due to geopolitical uncertainties and the ongoing election year in India. As a result, companies are adopting a cautious approach, which has slowed the flow of international offers. Despite these constraints, a total of 1,340 offers were made in the first phase of placements that ended on 20 December, resulting in successful placements of 1,188 students. Of these, 63 students accepted international offers mainly from countries like Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong.

Major recruiters this season included major names such as Airbus, Air India, Apple, Google, Intel, Jaguar Land Rover, Morgan Stanley, Qualcomm, Samsung, Tata Group and Wells Fargo. Sectors that contributed significantly to the large number of proposals included Engineering & Technology, IT/Software, Finance/Banking/FinTech, Management Consulting, Data Science & Analytics, Research & Development and Design.

Despite global and economic uncertainties, IIT Bombay’s strong performance in the initial phase of placements indicates the resilience of the institute and the high demand for its talent pool among leading national and international companies. These numbers further underline the extraordinary potential and competitiveness of the students of one of India’s premier educational institutions.