In 2023, IIT Bombay held Phase 1 placements where students got job offers from many top companies in India and other countries. The highest Indian offer was INR 3.67 crore per year, and the highest international offer was INR 1.31 crore per year. This shows that companies value the education and training provided by IIT Bombay. The average salary offered was INR 23.26 LPA, which is higher than the previous year.

Out of the 1,648 offers received, 1,431 students accepted job offers, which is a great achievement. Many students received job offers with a salary of over INR 1 crore per year, which shows that IIT Bombay provides high-quality education and there is a lot of demand for skilled graduates.

My sister is an IITian however she completed her Engineering from IIT Roorkee instead and not from IIT Bombay. Due to her average JEE Rank, she was admitted to Pulp and Paper Engineering branch only. Only later did she realize that high packages are reserved for very few people, The cream of the batch. Your branch and CGPA largely determine your package.

She faced a terrible situation during her placements. Not even below-average companies considered Pulp and Paper Engineering students. Owing to her interest in Programming, she was offered a job by Patni Computers at 3.6 LPA but with a 2-year bond of Rs. 75,000 (which required you to pay before joining as security). This seemed a bit odd and she decided to join an educational start-up that offered the same package without the bond. Most of her peers had much better packages on hand. 

Today, she earns 12 times what she earned during that time and her income is at the same level as those of her peers. Even today she gets offers from people to consider moving to another more established startup at a 50% hike in salary. 

Some very important lessons to learn from this are

• Your first job does not define your success and is only a stepping stone to achieving so much more. 
• The area you choose in the first year does not define your career at all. 
• Find what exactly you love doing and are good at
• The first job is not a measure of success or your abilities. It’s just an experiment to discover what exactly you are passionate about.
• Your CGPA does not matter after your first job.

Go explore, and wait for years until you are successful.

I will refrain from mentioning the name of the company as it has not been published and doing so would be a breach of their private policy.

However, if we go through the placement reports of IIM Ahmedabad, a company offered the highest CTC of 72 LPA. This company belongs to the online service sector. 

This role is available only to professionals with relevant work experience and not freshers.

One of my friends got into NMIMS through NMAT. According to him, it was not the most sorted choice as their rankings and placement reports are inflated.

• They show an average package of 16 LPA being offered to 550 students but it is impossible to get that.
• Usually students receive a 12-13 LPA for core subjects and 9-10 LPA for HR.
• NMIMS is a popular brand, thus the brand name attracts lots of students in Hyderabad and Bangalore campus. But they are not good enough as generally promoted.
• IMT, NMIMS, SIBM, XIMB were once one of the top private B-schools . But their standards have degraded recently. Only MDI managed to maintain and move forward.
• No other B-school increased fees like NMIMS. Its fees are more than XLRI and IIM A, B and C.
• The building at NMIMS is also not great, according to the fees that they charge.
• No other college charges its candidates for conducting CDPI or GDPI. Whereas NMIMS students have to pay 1000 rupees.
• After the release of the results, students have to pay fees of about 9 lakhs in just 1 week.

Spending a huge amount for MBA education is not a great idea. People might consider it an investment, but you have to make an informed decision by also considering the ROI. Therefore, if you are an outstation student consider other colleges than NMIMS.

First of all, NSUT Delhi does not release its average package officially. The median package is rumored to be around INR 16 LPA. But the question is do these figures actually matter?

Your goal while joining NSUT or in fact any institute should be to explore all available opportunities and build a successful career rather than getting placed. NSUTis a highly prestigious institute that offers an abundance of opportunities and resources importing a great quality education. The campus life, crowd, and opportunities are top-notch. One must have a broader perspective to make the most out of the available resources.

It does have its own cons such as pathetic administration because it’s a government college. However, these situations only make you stronger to deal with this thing called life. 

The job and package you secure depend on your skills, hard work, and dedication and not the field you choose. So choose wisely!

About 80% of students from Aerospace Engineering at IIT Bombay get placement easily. The batch size was 79 students. The highest salary package offered was 5 LPA, and the lowest salary package offered was 2 LPA. Around 60% of students got an internship. 

The major firms that visited IIT Bombay for Aerospace Engineering placements were

• Accenture
• Analog Devices
• Apple
• CITI Bank
• Google
• Hindustan Unilever
• HONEYWELL
• IBM
• ISRO

IIMs can be broadly categorized into two categories; the first comprising IIM ABC and the second comprising IIM KIL. The total fees will be around 16-18 Lakhs or a few lakhs more for these IIMs. As far as the average package is concerned for IIM ABC, it is around 19-20 Lakhs while for IIM KIL it is merely 2 lakhs less. The highest CTC is around 60-70 (International) for these IIMs.

Coming to JBIMS, we get to witness a much higher ROI. This is because the average package is almost similar to these IIMs while the fees are much less. Also, it is a Mecca for Finance enthusiasts. JBIMS has many notable alumni that carry its brand name proudly. Some of them include

• Vinita Bali, Managing Director of Britannia
• Chanda Kochhar, Managing Director & CEO, ICICI Bank, India
• Nitin Paranjpe, CEO and Managing Director, Hindustan Unilever Ltd
• Ajay Piramal, chairman of Piramal Healthcare

So yes, the salary packages of certain IIMs might be slightly higher than that of JBIMS but considering the ROI factor that slightly differs doesn't really matter.