While the average salary package offered to Indian Institute of Technology (IIT) Bombay students was Rs 24 lakh per annum, about 85 students bagged job offers of over Rs 1 crore. About 1,340 offers were made in total in first phase, which means about 1,188 students were placed.
The first phase of the placement ended in December 2023, and the second one is scheduled for end of January 2024. The research and development (R&D) domain received most of the high-paying job offers at the campus placement drive this year, which saw at least 2,000 students registering. About 60 per cent of these bagged offers.
Rs 36.9 lakh was the average annual salary in research and development (R&D), whereas Rs 32.4 lakh was the average salary in the finance space. It is pertinent to mention here that the average salary in the finance sector was Rs 41.7 lakh last year.
In the engineering and technology space, the average package was Rs 21.88 lakh, while in the IT and software space it was Rs 26.35 lakh. Rs 18.68 was the average package in the consulting space.
The average annual salary was Rs 21.82 lakh in 2022-23, which was more than that of Rs 21.50 lakh per year in 2021-22 and Rs 17.91 lakh per annum in 2020-2021.
About 63 international offers were also made from companies in Singapore, Hong Kong, Japan, Taiwan, South Korea and the Netherlands.
