This year, as phase one concluded, a total of 258 out of 297 Pre-Placement Offers were accepted by students, showing a much greater rate of PPO acceptance by students, compared to last year. By the end of phase one of placements last year, only 194 out of 300 PPOs were accepted by students.
Despite reports concerning uncertainties due to global tech-slowdown, the Indian Institute of Technology (IIT) Bombay recorded a successful placement season this year. Out of total 1,340 offers made during the first phase of the placements, there are a total 85 offering salary-packages greater than Rs 1 crore, which is much higher than the 25 such offers last year.
The average salary package too has witnessed a marginal increase from Rs 23.26 lakh per annum last year to Rs 24.02 lakh per annum this year.
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With a much greater number of participating companies this year, the institute has managed to make almost an equal number of offers like last year. Total of 388 companies participated this year and made 1,340 offers. Whereas last year, a total of 1,348 offers were made by only 293 participating companies during phase one of the placement season. A total of 63 international offers were made this year, which is the same from last year. International offers included locations in Japan, Taiwan, South Korea, Netherlands, Singapore and Hong Kong. An international company with 29 lakh Hong Kong dollars per annum is said to have made the highest offer this year. But the institute has not provided details of the highest offer.
This 20-day phase concluded on December 20 and the institute declared its placement report on phase one on Friday evening. “Considering the market concerns, the placement office has taken great efforts to ensure the similar pool of offers, although with a greater number of companies. We are trying to bring more companies to the next phase. Although slow in process, the offers are coming,” said an official from the placement office of the IIT Bombay, adding that a little over 2,000 students have registered for the placements this year and overall 60 percent of them are already covered in the first phase. Second phase of the placements will be in January.
This year, as phase one concluded, a total of 258 out of 297 Pre-Placement Offers were accepted by students, showing a much greater rate of PPO acceptance by students, compared to last year. By the end of phase one of placements last year, only 194 out of 300 PPOs were accepted by students.
Sectors having the highest number of offers rolled out are Engineering & Technology, IT/Software, Finance/Banking/Fintech, Management Consulting, Data Science and Analytics, Research & Development and Design. Some of the top recruiters who have visited the campus this season are 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, ideaForge, IMC Trading, Intel, Jaguar Land Rover, JP Morgan Chase, JSW etc.
Pallavi Smart is a Principal Correspondent with The Indian Express, Mumbai Bureau. Her reporting is singularly focused on the education sector, demonstrating exceptional Expertise and Authority across the entire spectrum of learning, from foundational schooling to advanced higher education. She is a highly Trustworthy source for policy, institutional developments, and systemic issues affecting students, teachers, and parents in Maharashtra.
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