IIT Bombay Placement: 1431 students placed in 293 companies; highest CTC offer ₹3.67 crore

Considering all offers accepted at IIT Bombay, the average annual salary for Phase I this year was ₹23.26 lacs (CTC basis).

Indian Institute of Technology, Bombay has released report of Phase I Placements (December 1-16, 2022), during this phase as many as 63 international offers were accepted of which 25 were above

Rs 1 crore per annum (CTC basis).

Phase-I of Placement season 2022-23 at IIT Bombay started on December 1, 2022 and extended till December 16, 2022. Including Pre-Placement Offers, the institute witnessed an all-time high number of accepted job-offers in Phase-I this year. A total of 1431 students have been placed in 293 companies. A comparison of offers received and accepted over the last three years is given below:

As many as 63 international offers were accepted in this phase of which 25 were above Rs 1 crore per annum (CTC basis). The highest annual salaries on CTC basis for international and domestic offers were ₹3.67 crore and ₹1.31 crore, respectively.

Considering all offers accepted at IIT Bombay, the average annual salary for Phase I this year was ₹23.26 lacs (CTC basis). When compared to last year, average salaries in Finance and R&D sectors saw a significant increase while those in IT/software saw a reduction. The sector wise average compensation is given below:

Phase 1 of this year also saw an all-time high in Placement of PhD Scholars at IIT Bombay as many as 36 offers were accepted with average CTC package of ₹16 lakhs per annum & and the highest salary package reaching ₹29 lacs per year. The substantial number of job offers for PhDs in Phase I as well as the increase in R&D sector salaries confirm that IIT Bombay is a preferred institute by recruiters, not only for its highly sought after undergraduate and master’s students, but also for its PhD Scholars.

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