Admission to IITs, such as IIT Bombay, requires passing a two-tier exam process: JEE Mains and JEE Advanced. Admission is purely merit-based, depending on JEE Advanced results, with no interviews or group discussions. The process starts with the JEE Advanced results in June, followed by registration through the JOSAA portal. The faculty at IIT Bombay are highly qualified, with all holding Doctorates. A student-to-faculty ratio of 18.9:1 ensures effective learning.
Tuition fees are INR 1 lakh per semester, with hostel and mess fees adding INR 25,000. Total semester fees range from INR 1.4 to 1.6 lakh. Scholarships, like the MCM and Desai Sethi for girls, offer substantial fee waivers based on merit and income. Students can work as Teaching Assistants, earning approximately INR 24,000 per semester. Despite recent fee hikes, loans are available at favorable rates. The placement cell at IIT Bombay is robust, with around 400 companies participating, including Microsoft, Google, and McKinsey.
Placement rates are high, between 95-98%, with top packages reaching INR 4 Crores and average packages around INR 20-23 Lakhs per annum. Core branches tend to secure higher offers. Internships start from the second year, with stipends ranging from INR 10,000 to 1.5 Lakhs per month. Around 300 Pre-Placement Offers are made in sectors like IoT, AI, ML, and consulting. Various scholarships, including the Named Scholarship and Merit cum Means (MCM) Scholarship, assist students from low-income families, with tuition waivers up to 100% and hostel fees approximately INR 54,000 per semester.
Interest-free loans and part-time jobs, like teaching assistantships, are available to support student finances. Students are encouraged to visit the IIT Bombay scholarship website for detailed information.
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