The highest package offering recruiter being the social networking giant Facebook which offered 1.55 Crore Package to IIT Graduates. This figure is also the highest ever offer across IITs.
Facebook made the offer for software engineer profiles based out of California to three students at IIT Kharagpur and to an unknown number at IIT-Bombay, sources at the two institutes revealed.
According to campus sources, highest offer included Samsung - $150,000 (Rs 93 lakh), Microsoft -$129,000 (Rs 80 lakh), Oracle - $125,000 plus Esops (Rs 78 lakh plus Esops), Google - $125,000 (Rs 78 lakh) and Visa -$140,000 (Rs 87 lakh).
At IIT-BHU, Varanasi, the top package from a multinational was Rs 77.5 lakh ($100,000 base salary, $15,000 sign-on bonus and $10,000 relocation and stock options), an over 19% jump over the top offer last year. At IIT-Kanpur, it went up over 36% from $110,000 last year to $150,000 this time.
Other first day recruiters across the 16 IITs included the likes of Goldman Sachs, HUL, ITC, Credit Suisse, McKinsey & Co and BCG. IIT-Bombay, which on student demand, has moved up some core engineering companies to premium slots, had GE, Airbus and Qualcomm among others, vying with traditional first-day recruiters for the first time.
Tower Research with Rs 44 lakh for an international role and WorldQuant with Rs 42 lakh for a domestic profile were among prominent recruiters at campuses such as IIT-Kanpur, placement sources revealed. Goldman Sachs offered packages of Rs 26 lakh and Credit Suisse around Rs 15-18 lakh while Samsung offered the most for its Korea posting.
An IIT-Bombay student has claimed to have received a job offer of two crore rupees from the social networking site Facebook.
Aastha Agrawal (20), a fourth-year student of Computer Science at IIT-B, had completed her third-year internship in the company’s headquarters in California in May-June this year following which the company gave her the pre-placement offer.
“I am very happy and excited with the offer and will join in the Headquarters after completing my 8th semester,” Aastha, who is home in Jaipur for winter vacations, said.
She said the company was satisfied with her work during the internship and offered her the job soon after and added that she will be joining the job in October next year.
Her father, Ashok Agrawal, is executive engineer at Rajasthan Vidyut Prasaran Nigam Limited (RVPNL) here whereas her elder sister is a chemical engineer.
Aastha had secured seventh-rank in state in National Talent Search Examination in school and also won silver medal in International Junior Science Olympiad. She had also been selected to represent India at the Junior Science International Olympiad in 2009.
Aastha Agrawal (20), a fourth-year student of Computer Science at IIT-B, had completed her third-year internship in the company’s headquarters in California in May-June this year following which the company gave her the pre-placement offer.
“I am very happy and excited with the offer and will join in the Headquarters after completing my 8th semester,” Aastha, who is home in Jaipur for winter vacations, said.
She said the company was satisfied with her work during the internship and offered her the job soon after and added that she will be joining the job in October next year.
Her father, Ashok Agrawal, is executive engineer at Rajasthan Vidyut Prasaran Nigam Limited (RVPNL) here whereas her elder sister is a chemical engineer.
Aastha had secured seventh-rank in state in National Talent Search Examination in school and also won silver medal in International Junior Science Olympiad. She had also been selected to represent India at the Junior Science International Olympiad in 2009.
The placement season will continue till March-April, though a bulk of offers would roll out over the next three weeks.
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