IIT-Bombay placement: Average package Rs 20 lakh for MBA graduates

The average package at the IIT-Bombay in the final placement has exceeded Rs 20 lakh per annum for the 2019 batch. Last year, the average pay at Shailesh J Mehta School of Management (SJMSOM) was Rs 19.06 lakh. The highest salary, though, remained unchanged at Rs 32. 4 lakh.

All 109 MBA students of the 2019 batch were placed during the final placement drive, which took place over three days in December last year. As many as 38 companies made 112 offers, the statement added. Last year, 112 offers were made to a batch of 107 students. In addition to legacy recruiters, the SJMSOM also saw new recruiters such as OYO, Tata Global Beverages and HSBC, among others.

Head of SJMSOM, Professor S Bhargava, said in an interview to Indian Express, “We have again succeeded in providing the industry with talented students in a plethora of roles and functions, and strengthening of long lasting relationships with our legacy recruiters, along with an influx of new recruiters, which resulted in excellent packages for students. We have rapidly advanced in our pursuit of excellence with the same being reflected in the stupendous growth of average packages. These numbers are a testament to the robust pedagogy followed by SJMSOM.”

Last year, on an average, the students had received offers worth Rs 25.24 lakh per annum, while the figure for the top 50 per cent of the students was Rs 22.59 lakh.