The first phase of IIT Bombay student placement was held from the 1st to 18th December this year. Going by the statistics this year’s placement was grand in every way with a total of 1023 selections as compared to last year’s 1007 selections. 100 PPOs were offered this year which were significantly higher than than last year’s 58 PPOs. Even the annual salary packages offered this year were higher than the ones offered last time around.
Over 150 final year students were offered jobs on the first day of placements which itself was indicative of a better placement season. The number of companies visiting Day 1 of the first phase increased from 29 to 34. The highest number of offers were made by Goldman Sachs, Qualcomm, IBM, Microsoft, BCG, Cairn, Mckinsey Knowledge Centre and Tata Steel. International offers were made by NEC Japan, Microsoft, Optiver, Rubrik and Uber. Other companies that visited the campus were Apple, Morgan Stanley, Strategy&,Schlumberger, Texas Instruments Inc, Deutsche Bank, Procter & Gamble, Millennium and the ITC Group. PSUs like BPCL and ISRO also participated in the placement season.
Microsoft’s annual package of Rs. 1.39 crore turned out to be the highest for the placement season. App-based taxi aggregator Uber came a close second with an offer of 99.87 lakh a year. The first phase of attended by more than 250 companies. The year also saw participation by 15 Japanese firms which included Sony, TEX E.G., Murata and Toyo Engineering.
Most of the students that have been placed in the 1st phase were 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.