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IIT Bombay Clarifies: Just 22 Students, Not 85, Bagged Rs 1 Crore+ Offers

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IIT Bombay reveals only 22 students got Rs 1 crore+ salaries

Gangtokian News Desk – A startling revelation emerged earlier this month when IIT Bombay clarified that only 22 of its students, not 85 as reported earlier, received salary packages of Rs 1 crore or more in the first phase of campus placements last December.

The Clarification

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IIT Bombay clarifies actual number of Rs 1 crore packages at 22

On January 4th, IIT Bombay’s placement office issued a statement acknowledging the incorrect reporting of Rs 1 crore+ offers. They emphasized that the actual number was 22, not the 85 stated previously. The institute regretted the misinformation but reaffirmed the accuracy of other placement data.

Of the 22 students, 3 opted for domestic offers while 19 chose international roles.

Contrast With Last Year

Comparatively, 16 students in the 2022 graduating batch of IIT Bombay received and accepted Rs 1 crore+ salary offers in phase one placements. 14 of those chose international organizations while only 2 joined domestic firms.

The total tally of accepted international jobs remained steady at 63 in both 2022 and 2023. This consistent international interest highlights the global appeal of IIT Bombay talent.

Also Read: Millennial Money Myths: Separating Fact from Fiction

Key Takeaways From Recent Years

IIT Bombay has cemented itself as a favored recruiting ground with over 1500 job offers from 400+ companies last year alone. Top international and domestic firms like American Express, Reliance, Adani, McKinsey, and more actively hire from the institute.

Though lower than reported, the number of crorepati job offers has been rising steadily in recent times. For instance, 25 students received Rs 1 crore+ salaries last year versus 22 this year. The average yearly compensation per student also surged to Rs 22.7 lakhs in 2021, the highest ever.

Concluding Thoughts

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IIT Bombay says only 22 students received Rs 1 crore+ salaries, not 85

While less sensational after IIT Bombay’s clarification, their phase one placement statistics still demonstrate the high market value of graduates as evidenced by healthy salaries and abundant job options. The institute’s commitment to providing accurate data, despite the correction, also upholds its credibility.

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Gangtokian Web Team, 10/01/2023

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