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HindustanTimes Fri,31 Oct 2014

IIT Bombay student offered Rs. 81 lakh

HT Correspondent, Hindustan Times  Mumbai, December 03, 2012
First Published: 01:11 IST(3/12/2012) | Last Updated: 14:06 IST(3/12/2012)

On the first day of the campus recruitment season at the Indian Institute of Technology — Bombay (IIT-B), companies made 160 offers in total, surpassing last year’s tally of 140.

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Samsung, Google and Microsoft were among those that picked up new employees from the sought-after engineering college.

Salaries have risen by up to 10% from last year's. While the institute does not reveal official data about the highest salary offered, the buzz on campus is that this year, a student has received an offer worth $150,000 (Rs 81 lakh approx) while another student had received a pre-placement offer of $100,000 (Rs 54 lakh) along with a $100,000 signing bonus.

Both of these are for jobs abroad.

Unconfirmed reports last year had claimed that the highest offer was Rs. 63 lakh per annum.

In all, 1,300 students have registered for placements this time. Among the companies offering international positions are Samsung, Microsoft and Google, Facebook and Sony.

Job profiles on offer include a mix of core engineering, consultancy, banking, work with NGOs or teaching.

Last June, at the end of placements, 262 companies had made 1,060 offers to the entire batch of students.

“It [placements] is going well and everything looks good so far,” said Avijit Chatterjee, professor in charge of placements at the institute.

Around 200 students will not be participating in the placement process, said Chatterjee, largely those who have applied for further studies.

On day two, 29 companies were slated to visit the campus.


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