Recruiters made 322 offers in the topmost salary bracket to students of the Indian Institute of Technology-Bombay (IIT-B) this year despite global recession.
Though the number is the same as last year, the salary brackets have been scaled up, with the top bracket moved up from Rs9.5 lakh and above to Rs10 lakh and over. Subsequent brackets have also been revised upwards this year.
The latest data is from the institute’s interim placement report for 2012-2013, with the final report due by the end of the month once placements are completed by mid-July.
So far, 267 companies have made 1,043 offers to IIT-B grads.
In 2011-12, 262 companies had made 1,060 offers, but the figure is likely to reach or even breach last year’s mark after the procedure is completed.
“It has been roughly the same as last year,” said Avijit Chatterjee, professor in-charge of placements at IIT-B. He estimated the average salary this year at roughly Rs8 lakh per annum, an upward movement compared to Rs7.5 lakh last year.
“Unlike the general atmosphere of uncertainty due to global economic slowdown and recession, IIT-Bombay entered its placement season with confidence due to its high quality of students and strong corporate relationships,” said the introduction to the report.
A sector-wise analysis of the report showed that engineering and core areas continued to be dominant, with more than two-thirds of the students opting for science, engineering and technology- oriented jobs.
The other big recruiters were companies in the consulting, financial services and analytics sectors.