The first phase of the IIT Bombay student placement was held from 1st to 18th December this year. The overall placements statistics proved to be remarkable as a total of around 950 students got placed by 275 companies. The average salary also experienced a health growth of over 10% shooting to Rs 11.3 lakh. Interestingly, the number of postgraduate students getting placed outnumbered their juniors. According to the placement report, “BTech students got a slightly higher salary than the dual degree and MTech students. However, the percentage of students placed is higher in dual degree and MTech students against the BTech students.”
Several major finance, consulting and FMCG firms like BCG, Bain, AT Kearney, Blackstone, Goldman Sachs, Deutsche Bank, Morgan Stanley, ITC, P&G, Shell and Schlumberger participated in the recruitment process on famed Day 1. This day also saw a whooping placements of 158 students in total. Apart from this, engineering and technology companies selected the largest chunk at 30%, followed by 20% by IT & software companies. Intel Technologies gave the highest number of offers at 28. Samsung Research and Development picked the biggest pool and took more than 20 candidates. The finance sector picked 15% of the students and the Analytics, R&D and Consulting space 10%. Companies that gave more than 15 offers included Dar-Al, CitiCorp, and Siksha'O'Anusandhan University. Other companies that gave more than 10 offers were Goldman Sachs, Qualcomm, Axis Bank, Credit Suisse, DataXU & Future First.
The core engineering sector also saw a good turnout from companies like Intel, Taiwan Semiconductor Manufacturing Company, Sony, Samsung Electronics, Eaton, Philips, Tata Motors, GM and Airbus emerging as the major recruiters. Japanese companies like Sysmex Corporation, Works Applications, NTT Communications, NEC Corporation, Rakuten Inc., Toyo Engineering, etc. participated in the placement process and recruited around 40 students. Apart from these companies, this year's placement also saw fast rising startups like Ola and PayTM participate in the campus placements.
Around 950 students have been placed in the 1st phase with most of them being satisfied with the job that they have landed. Several companies have confirmed their participation in the 2nd phase of the placement process. The overall placements are expected to be better than the previous year.