IIT Bombay’s Class of 2024 bags 1,340 offers in the first phase of placement

The Class of 2024 at the Indian Institute of Technology (IIT) Bombay has bagged 1,340 offers in the first phase of the placement season, with 1,188 students getting placed. The average pay packet so far at IIT Bombay is Rs 24.02 lakh per annum this season. According to the institute, 85 offers of packages of more than Rs 1 crore per annum in the first phase were accepted by students.

Students bagging offers for research and development got the highest average package of Rs 36.94 lakh per annum, followed by finance (Rs 32.38 lakh), IT/software (Rs 26.35 lakh), it said.

A total of 388 domestic and overseas firms participated in the campus placement from December 1-20, including companies making pre-placement offers as well as public sector units, the institute said in its phase 1 placement report.

“IIT Bombay slots companies in a way to ensure that firms are maximally spread out to reduce stress on students and also minimize cross offers. Firms have interacted with candidates in-person or through virtual meeting platforms, with all the students appearing for the interviews from the venue itself,” said a statement issued by IIT Bombay.

The top recruiters at the institute included Accenture, Airbus, Air India, Apple, Arthur D. Little, Bajaj, Barclays, Cohesity, Da Vinci, DHL, Fullerton, Future First, GE-ITC, Global Energy and Environ, Google, Honda R&D, ICICI-Lombard and ideaForge Technology, according to the institute.

The students got the highest number of offers from sectors such as engineering and technology, IT/software, finance/banking/fintech, management consulting, data science and analytics, research and development and design, it said.