Only 75% get jobs during IIT Bombay’s placement season, lowest pay down to Rs. 4L/year
Mumbai: The placement season at IIT Bombay for the year 2024 concluded with only 75% placement rate. The average annual salary offered to students rose to Rs 23.5 lakh, up from Rs 21.8 lakh last year, marking a modest 7.7% increase. However, fewer students were placed through campus drives compared to the previous year.
This year, the lowest annual compensation offered was reduced to Rs 4 lakh, down from Rs 6 lakh. Despite this, ten students accepted job offers within the Rs 4 lakh to Rs 6 lakh range. On the higher end, 230 offers fell between Rs 16.75 lakh and Rs 20 lakh, while 558 offers from 123 firms offered salary packages exceeding Rs 20 lakh annually.
The number of organizations hiring IIT-B graduates increased by 12% this year. Among the offers, 22 exceeded the Rs 1 crore mark annually, and a total of 78 international offers were accepted across both placement rounds. "Due to the war in Ukraine and the subdued global economy, we saw fewer international recruiters," the report noted.
The second half of the placement season began slowly but gained momentum after April. "We received over 300 job offers in Phase 2. While 75% of students were placed through campus drives, another 15% secured jobs independently," a source revealed. Of the 543 students who registered for placements, 388 participated, and 364 received offers.
The report highlighted that "Considering the total number of participating students, the placement percentage is nearly 75%. Most of the remaining unplaced students have identified avenues to be gainfully employed," with some opting to pursue further education.
This year, the engineering and technology sectors were the biggest recruiters, with 430 students securing entry-level positions across 106 key engineering firms. Hiring in the information technology and tech sectors saw a slight increase compared to last year.
In the consulting sector, 29 firms made 117 offers, a decrease from the previous year. Companies in trading, banking, and fintech were significant employers, with 33 financial service companies extending 113 offers. Hiring was particularly robust for roles in artificial intelligence, machine learning, product management, mobility, 5G, data science and analytics, and education.
Despite strong hiring in other sectors, only 30 positions were available in the education industry across 11 organizations. In the research and development sectors, companies in automation, energy science, battery technology, chemical and mechanical research, energy efficiency solutions, application development, materials research, semiconductor, power electronics, and AI/ML offered 97 positions for the 2023-2024 academic year. Among the 118 participants, 32 were active PhD candidates.
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Kangana Ranaut sparks row: Claims Gandhi made 'Raghupati Raghav Raja Ram' the national anthem
New Delhi: A significant political controversy has erupted following the Modi government's decision to rename the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), a move that has drawn sharp criticism from opposition parties. The row was further fueled by BJP MP Kangana Ranaut, who, while defending the name change, erroneously claimed that Mahatma Gandhi had made the devotional song "Raghupati Raghav Raja Ram" India’s national anthem.
The central government has rebranded the flagship rural employment scheme from MGNREGA to the "Viksit Bharat-Guarantee for Employment and Livelihood Mission," abbreviated as VB-G RAM G. The removal of Mahatma Gandhi's name from the scheme has been termed an insult to the Father of the Nation by the Congress and other opposition parties.
When questioned by the media outside Parliament regarding the opposition's allegations, Mandi MP Kangana Ranaut defended the government's decision by invoking Mahatma Gandhi's devotion to Lord Ram.
"How is naming it 'Ram Ji' an insult to Gandhi ji?" Ranaut asked. "Mahatma Gandhi made 'Raghupati Raghav Raja Ram' the national anthem to organize the entire country. Therefore, this is an insult to Mahatma Gandhi? The government is fulfilling his dream by giving it the name of Ram."
Ranaut's claim regarding the national anthem was immediately seized upon by the opposition. Congress leader Supriya Shrinate shared the video of Ranaut’s statement on social media, tweeting sarcastically, "Come on brother, today we learned a new national anthem! The BJP is full of such gems."
Social media users also trolled the MP for the factual error. One user quipped, "Kangana ji forgot to mention that Bapu made this the national anthem after the country got independence in 2014," while another commented that the party finds people who "don't use their brains while forwarding WhatsApp messages."
Beyond the social media mockery, senior Congress leaders criticised the renaming on ideological grounds. Former Rajasthan Chief Minister Ashok Gehlot took to X (formerly Twitter) to condemn the move.
"The biggest irony is that Mahatma Gandhi was a lifelong devotee of Lord Ram and said 'Hey Ram' in his last moments," Gehlot wrote. "Today, the central government is making a despicable attempt to sideline Gandhi ji under the guise of the same 'Ram' name (VB-G RAM G), which is highly condemnable."
मनरेगा का नाम बदलने की केंद्र सरकार की कवायद महात्मा गांधी के प्रति उनकी ओछी मानसिकता और असम्मान का प्रमाण है। सरकार पहले 'पूज्य बापू' के नाम का शिगूफा छोड़ती है और फजीहत होने पर अब 'विकसित भारत-गारंटी फॉर रोजगार एंड आजीविका मिशन (VB-G RAM G)' जैसा नाम थोपना चाहती है। बार-बार नाम…
— Ashok Gehlot (@ashokgehlot51) December 15, 2025
गांधी जी ने ‘रघुपति राघव राजा राम’ को लेकर नेशनल एंथम बनाया था
— Supriya Shrinate (@SupriyaShrinate) December 16, 2025
BJP MP कंगना रनौत
चलो भाई आज नया नेशनल एंथम भी पता चला है!
BJP में एक से एक शिरोमणि भरे पड़े हैं 😂🤣 pic.twitter.com/9DvyV5xLb1
