IIT graduates bag big bucks up to Rs 1.4 crore in campus placements
By Sumi Sukanya Dutta & Namita Bajpai | Published: 02nd December 2017 11:11 PM |
NEW DELHI/LUCKNOW: It’s pouring high paying jobs at the IITs as the first round of final placements kicked off at the country’s top engineering schools this Friday. Five B.Tech students from IIT Kanpur and at least seven students from IIT Delhi and Mumbai have bagged job offers with pay packages of over Rs 1 crore per annum, senior placement division officials at these institutes confirmed.
A Computer Science student at IIT Delhi bagged a Rs 1.4 crore offer from Microsoft, the highest for any IIT for any year so far, and three other students from the institute had received CTC packages upward of Rs 1 crore, the sources said.
In Kanpur, five students were offered packages worth Rs 1.3 crore each, while three from IIT Bombay also received pay packages of over Rs 1 crore.
“The student who has been offered the maximum package so far will join Microsoft’s Redmond, Washington headquarters,” a placement division official at IIT Delhi said. “Though it’s still too early and the data is yet to be collated, going by the early signs it looks like it’s going to be a very good placement season,” he added.
Apart from top MNCs like Microsoft, Apple, American Express, Uber, Goldman Sachs, P&G, Texas Instruments, IBM, Mitsubishi and Samsung, Indian companies like SAIL, BHEL, Infosys and Tata Motors were also making lucrative offers.
Sources across IITs said there was 15-25 per cent rise in total number of companies taking part in the recruitment process in the first phase of final placements that end mid-December, and there has been a remarkable rise in international offers.
After the first round, the placements will recommence in January and go on till May 2018. Falguni Banerjee, public relations officer at IIT Bombay, said that international offers came from Microsoft, Goldman Sachs, P&G, Schlumberger, GE, Texas Instruments and Uber while a number of big recruiters from India had also lined up to hire students at fat pay packages.
“This year, around 1,700 students have registered for the campus placement and we are expecting over 225 companies to participate in the first phase itself. Scene is much better compared to last year,” she said.