IIT Bombay Placement 2024 Season Sees 75% Success Rate, Lowest Offer at ₹4L Per Year -

The Indian Institute of Technology Bombay (IIT-B) has concluded its placement season for 2024, with an average annual package of Rs 23.5 lakh, a 7.7% increase from last year’s Rs 21.8 lakh. However, despite the higher average package, fewer students were placed this year compared to last year.

Key Highlights

558 offers made by 123 companies had gross compensation packages of more than Rs 20 lakh per annum
230 offers ranged between Rs 16.75 lakh and Rs 20 lakh
78 international offers were accepted in both phases
22 offers of above Rs 1 crore per year were accepted during this drive
775 students placed in MNCs in India, 622 to join Indian firms

I’m happy that the average package increased to Rs 23.5 lakh, but concerned that fewer students were placed compared to last year. With 543 companies registering for placements, the competition was fierce. Students will be relieved if they got placed, but worried if they didn’t.

Placement Trends

The engineering and technology sector recruited the highest number of students, with 430 students selected in 106 core engineering companies at entry-level positions. Information Technology and tech hiring were slightly higher this season compared to last year. However, fewer selections were made by consulting companies, with 117 offers made by 29 companies.

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I’m thrilled that top companies like Google, Microsoft, and Amazon recruited from IIT-B. But, I wish more core engineering companies had come for placements. 78 international offers were accepted, which is a great opportunity for students who want to work abroad.

Challenges

The placement season was slow in the second phase but picked up pace after April. The war in Ukraine and the subdued global economy resulted in fewer international recruiters. Not only this but also, the second phase of placements was slow, but picked up pace after April. I hope next year’s placement season is better.

Additionally, the war in Ukraine and global economic conditions affected international placements. I hope these challenges ease out soon. besides all these challenges, I appreciate the institute’s efforts to help unplaced students find employment or pursue higher studies.

This placement season taught me to be prepared, flexible, and open to various opportunities. Last but not least, students should focus on building skills, networking, and staying positive. Placements are just one aspect of college life.

Conclusion

IIT-B Placement 2024 saw a marginal increase in the average package, but fewer students were placed compared to last year. The institute saw a 12% increase in companies recruited from IIT-B, with 543 companies registering for placements.

Despite challenges, the placement percentage was nearly 75%, with most remaining unplaced students identifying avenues for employment or opting for higher studies.

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