Data Below throws light on the average salary package offered at IIT Bombay over the past 3 years:
Year Average Gross Salary (in LPA) Average CTC (In LPA)
2018 14.11 17.49
2017 12.32 15.69
2016 11.41 13.38
Software giant Microsoft, in 2018 offered an annual package of US $ 164,000 (RS 1.14 Crore) for an international profile. Domestically, highest offers were made by Blackstone,Worldquant, Qualcomm, BCG etc. NEC Japan made a whooping offer of Rs. 28.17 lakh becoming top international recruiter.
Flourishing Startup, Innovation and Entrepreneurship
In the league of technical institutes Bombay and Delhi stand as prominent startup hubs and have provided highest number of entrepreneurs to the country over the past two decades. Since 2015 uptill now, IIT Bombay, IIT Delhi, IIT Kharagpur and BITS Pilani have generated 1,066 Startups compared to 914 during 2000-15.
Flipkart was founded by IIT delhi graduate and OLA by IIT-Bombay software engineer. The success of these two endowments led to flourishing career in entrepreneurship, compared to what the scenario was a decade ago. Graduates from these two institutes have launched 277 (raising $ 13.3 Billion) and 310 (raising $ 7.6 Billion) startups respectively since 2015. IIT Kharagpur follows the lead with 258 startups launched by graduates.
In terms of funded startups, IIT Bombay aces. Hence one of the top reasons students choose to be a part of IIT Bombay is its subscription to the entrepreneurship philosophy. Society for Innovation and Entrepreneurship (SINE) promotes research and incubation of ideas translating into startup ventures.
At 56 Convocation of IIT-B, Prime Minister granted financial aid of Rs 1,000 crore for making a mark in the country's development as an eminent institute. In comparison to other technical institutes IIT bombay rankings are remarkable.
Institution World Ranking (QS 2020) Indian Rankings (QS 2019) Eminence Status (IoE)
IIT Bombay 152 1 Institute of Eminence Declared
IIT Delhi 182 4 Institute of Eminence Declared
IIT Madras 271 3 Recommended for IoE
IIT Kharagpur 281 5 Recommended for IoE
(Recommendation made by University Grants Commission on the basis of advice of an Empowered Expert Committee.)
JEE Main candidates are divided into zones out of which IIT-B and IIT-D provided 5,128 and 8,516 number of qualified candidates. A lofty number when compared to IIT Guwahati or Kanpur. Taking about new IITs they do not get students below the rank of 1000. In 2018, IIT Hyderabad got one student under 500. IIT Indore also got a candidate under 1000. But IITs in Goa, Dharwad, Tirupati, Jammu, Bhilai, Jodhpur, Pallakkad did not witness a single student from top 2.000 ranks.
Over 11 lakh candidates appeared for JEE Main in 2019, competing for around 13 thousand seats. The acceptance rate of 0.92% which is 8 times tougher than getting into Harvard. A rosy future with affluent jobs and high salary is what an engineering mind aspires for and IITs just fulfills that dream. Supremacy of a particular institute does not undermine the premier status of others.
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