INSUBCONTINENT EXCLUSIVE:
MUMBAI: The Indian Institute of Technology Bombay, which has concluded its annual placements, recorded its highest annual international and
domestic salaries at Rs 3.7 crore and Rs 1.7 crore respectively
Last year's highest annual international salary was lower at Rs 2.1 crore, but the annual domestic salary was higher (Rs 1.8 crore).The
engineering and technology sector recruited the highest numbers with average compensation a tad above the figures recorded in the previous
IT/software hiring was less than in the previous year
The average salary this season on the campus is Rs 21.8 lakh per annum (CTC) in comparison to Rs 21.5 lakh and Rs 17.9 lakh in 2021-22 and
2020-21 respectively.This year, 16 offers of over Rs 1 crore per annum were made
And of the total 300 pre-placement offers, 194 were accepted by students, including 65 international offers
But international offers were less than in the previous year."This year's international offers were made by firms based in the US, Japan,
UK, 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," said the placement
office.Placements in IITs are held in two phases: phase one in December and the second between January and June/July
The engineering and technology sector recruited the highest numbers - 458 were selected by 97 core engineering companies at entry-level
positions; 302 students have been offered IT/software jobs by over 88 companies, making the IT sector second largest recruiters after
Nevertheless, IT and software hiring were less compared to last year.Of students in the B.Tech, dual degree and M.Tech programs, close to
90% of those participating in placements bagged jobs
Overall, 82% (1,516) of the total students (1,845) who actively participated in placement season 2022-23 were placed
The PhD recruitment was a bit damp with barely 31% getting jobs.
