85 IIT-Bombay students get Rs 1 crore-plus offers in phase 1 of placements

85 IIT Bombay students bag crore-plus annual pay packages in the first phase of placements, with higher salaries coming from the research and development space. The finance sector saw a drop in average yearly compensation. IT, software, and consulting sectors saw a marginal rise in overall average pay.

International offers have come from Japan, Taiwan, South Korea, Netherlands, Singapore, and Hong Kong. Despite uncertainties, a total of 1,340 offers were made, resulting in 1,188 students getting placed. Top recruiters include Airbus, Apple, Google, Intel, Jaguar Land Rover, Morgan Stanley, Samsung, Tata Group, and Wells Fargo.