IIT Bombay Placements Start with Dutch Firm’s Record-Breaking Offer

IIT Bombay Placements Start with Dutch Firm’s Record-Breaking Offer

Last Updated Dec - 02 - 2024, 06:01 PM | Source : India Today | Visitors : 42

The 2024 IIT placement season begins with record offers, including Rs 2.2 crore from Da Vinci Derivatives. Top recruiters like Jane Street, Nvidia, and Flipkart

The 2024 final placement process began on Sunday at prestigious IITs, including Delhi, Bombay, Madras, Kanpur, Roorkee, Kharagpur, Guwahati, and BHU. The strong demand for talent from these universities is demonstrated by the attractive employment offers students have begun to receive.

With almost 45 firms participating on the first day of the placement season, IIT Bombay got off to a tremendous start. One such example was the trading company Da Vinci Derivatives, which allegedly provided one of the largest compensation packages for positions at its Amsterdam branch, totaling Rs 2.2 crore annually.

Indian companies like Ola and Flipkart made aggressive offers on the first day. December 15 is the concluding day of the placement season.

The impressive start demonstrates the institute’s sustained appeal to top recruiters worldwide. The corporation apparently offered offers to at least three students, although the actual number of offers was unknown at the time of publishing.

Jane Street, a major hedge fund business, extended pre-placement offers, with last year’s package at an astonishing Rs 3.7 crore. IMC Trading provided a Rs 1 crore compensation for positions in its Mumbai office and shortlisted ten individuals.

Graviton, Quadeye, and WorldQuant made domestic offers surpassing Rs 90 lakh, with Quadeye also offering possibilities for its Hong Kong branch. Top worldwide brands such as Nvidia, McKinsey, BCG, Blackstone, Sony Japan, Pine Bridge, and GE Aerospace were key recruiters.

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