IIT Bombay Achieves Record-Breaking Salaries (Rs 3.7 crore )

"IIT Bombay Achieves Record-Breaking Salaries and High Placement Rates in 2022-23 Campus Placements

IIT Bombay recorded its highest annual international salary at Rs 3.7 crore and domestic salary at Rs 1.7 crore during its annual placements.

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The engineering and technology sector had the highest recruitment numbers, with average compensation slightly higher than the previous year.

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IT/software hiring decreased compared to the previous year.

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The average salary on campus for this season was Rs 21.8 lakh per annum (CTC), compared to Rs 21.5 lakh and Rs 17.9 lakh in the previous two years.

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In the 2022-23 placement season, 16 offers of over Rs 1 crore per annum were made.

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International offers were made by companies in the US, Japan, UK, Netherlands, Hong Kong, and Taiwan.

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IIT Bombay conducts placements in two phases: one in December and the second between January and June/July.

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The engineering and technology sector saw 458 students selected by 97 core engineering companies for entry-level positions.

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IT/software jobs were offered to 302 students by over 88 companies, making the IT sector the second-largest recruiter after engineering.

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Overall, 82% (1,516) of the total students (1,845) actively participating in the placement season for 2022-23 were successfully placed

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