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85 IIT-Bombay students bag offers of over Rs 1 crore in round 1 of placements

IndiaTimes Thursday, 4 January 2024
Most of the higher salaries on the IIT-Bombay campus during this year’s placement season seems to have come from the research and development space, the average annual salary for which stood at Rs 36.9 lakh, up from the previous year’s Rs 32.25 lakh. In contrast, the finance sector that is hogged by algo trading firms saw a drop of 22% in average yearly compensation to Rs 32.4 lakh from Rs 41.7 lakh last year. Other sectors, including IT/software and consulting saw a marginal rise in the overall average pay in the first phase of campus placements.
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