With highest international package of Rs 1.16 crore, IIT Bombay receives all time high placement record

Mumbai, December 19: This year, the Indian Institute of Technology, Bombay (IIT-B) has achieved an all-time high placement record, in the first phase itself with the highest domestic package of Rs 62.28 lakh pa, while the highest international package is of Rs 1.16 crore pa.

 

 

The average package offered to the IIT-B students this year stood at Rs 20.34 lakh per annum. Of the 1319 offers made by the 265 companies during the first phase, a total of 1172 offers were accepted by the students. The first phase of placement was held between December 1 to 15, 2019.

In 2017, 1,023 offers were accepted out of 1,156, while in 2018 a total of 1,270 offers were made, of which 1,122 accepted. The highest number of offers were made in the engineering and technology sector, where among all the private sector companies, two PSUs also came for the first phase of placements with nine offers.

A total of 156 offers came from the international companies based out of USA, Japan, South Korea, Hong Kong, Taiwan, Singapore, UAE, and the Netherlands, which is 75 per cent more than the previous season.

A Placement Common Aptitude Test (PCAT) was introduced by IIT-B last year, to replace the individual recruitment tests conducted by the companies. This year 50 companies accepted the PCAT scores for the initial screening. “Increase in acceptance of PCAT scores underlines the confidence of recruiters in the test as an effective metric for evaluation,” the statement said.