Mumbai: The Indian Institute of Technology(IIT) Bombay on Tuesday released its ‘Placements and Internship Report 2023-24,’ which consists of important details such as academic programmes, students activities, placement timeline, placement process, and internships. The overall average package offered during IIT Bombay placements 2023 – 2024 was recorded at Rs 23.5 LPA. In addition, a total of 22 students accepted offers with annual packages exceeding Rs 1 crore.
IIT Bombay has achieved the second highest of 1475 this year, compared to the highest ever number of students placed in A.Y. 2022 – 23 with the total number of accepted offers being 1516. The placements for the Academic year 2023 – 2024 saw participation from multiple sectors such as Core Engineering, Information Technology, Software programming, Research and Development, Consulting, Finance, Banking, High-end Technology, and Technical Services. IIT Bombay’s placement drive commenced in July 2023 and concluded on July 7th, 2024.
The Engineering and Technology sector recruited the highest numbers of students. In various engineering domains, 430 students were selected in 106 core engineering companies at entry-level positions. Information Technology and tech hiring have slightly more this season compared to last year. Around 307 students have been offered IT/Software jobs by over 84 companies through campus placement, making the IT sector the second biggest recruiter after the engineering sector.
“Compared to last year fewer selections, i.e. 117 consulting offers were made by 29 consulting companies. Trading, Banking, and Fintech companies were prominent recruiters. The finance sector has 113 offers from 33 financial service firms this year. Profiles in Artificial Intelligence, Machine Learning, Product Management, Mobility, 5G, Data Science and Analytics, and Education also saw brisk hiring trends,” the report further reads.
This year, IIT Bombay witnessed a 12 per cent increase in the number of recruiting companies, with 543 companies registering for the placement process. Out of these, 388 companies participated actively, and 364 companies made offers. Notably, the institute recorded over 1,350 unique job profiles through the Job Announcement Forms (JAFs) submitted by the companies, it said in a statement. The placement drive also saw a significant international presence, with 78 international offers being accepted by students across both phases of the placements.
IIT Bombay has achieved the second highest of 1475 this year, compared to the highest ever number of students placed in A.Y. 2022 – 23 with the total number of accepted offers being 1516. The placements for the Academic year 2023 – 2024 saw participation from multiple sectors such as Core Engineering, Information Technology, Software programming, Research and Development, Consulting, Finance, Banking, High-end Technology, and Technical Services. IIT Bombay’s placement drive commenced in July 2023 and concluded on July 7th, 2024.
The Engineering and Technology sector recruited the highest numbers of students. In various engineering domains, 430 students were selected in 106 core engineering companies at entry-level positions. Information Technology and tech hiring have slightly more this season compared to last year. Around 307 students have been offered IT/Software jobs by over 84 companies through campus placement, making the IT sector the second biggest recruiter after the engineering sector.
“Compared to last year fewer selections, i.e. 117 consulting offers were made by 29 consulting companies. Trading, Banking, and Fintech companies were prominent recruiters. The finance sector has 113 offers from 33 financial service firms this year. Profiles in Artificial Intelligence, Machine Learning, Product Management, Mobility, 5G, Data Science and Analytics, and Education also saw brisk hiring trends,” the report further reads.
This year, IIT Bombay witnessed a 12 per cent increase in the number of recruiting companies, with 543 companies registering for the placement process. Out of these, 388 companies participated actively, and 364 companies made offers. Notably, the institute recorded over 1,350 unique job profiles through the Job Announcement Forms (JAFs) submitted by the companies, it said in a statement. The placement drive also saw a significant international presence, with 78 international offers being accepted by students across both phases of the placements.