Two IIT-Delhi students get Rs 1.42-crore job deals each at Facebook
In the first week of placement, two computer science students of IIT-Delhi have landed annual pay packages of Rs 1.42 crore each at social networking site Facebook. A similar package was offered to three students of IIT-Bombay this year.delhi Updated: Dec 09, 2014 02:06 IST
In the first week of placement, two computer science students of IIT-Delhi have landed annual pay packages of Rs 1.42 crore each at social networking site Facebook.
“One of them is from Btech and the other from Mtech, computer science. They have so far been given the highest package of $230,000 per annum,” said Akshay Malik, student co-ordinator of the placement cell, IIT-Delhi.
A similar package was offered to three students of IIT-Bombay this year.
The placements started from December 1 and will conclude on December 20. “The placement will begin again in January and will extend till April,” said Malik.
While the two students have bagged hefty packages, some students have rejected international offers of over $125,000 (Rs 77, 28,750) per annum as base pay.
Many such students either accept offers from these companies’ counterparts in India or other firms with domestic offers on campus.
A number of technology companies have given packages of over $100,000 per annum as base pay in international positions.
According to the institution, there was a 30 percent increase in the total number of offers by companies on campus this year as compared to last year.
The number of companies that visited campus in the first week saw a surge of 20 percent.
Last year, around 570 IIT-Delhi students were placed in various companies up to December 16. This year, in the first week itself, the total number of offers, including PPOs (preferred provider organisation), crossed 600.
FMCG firms like Hindustan Unilever Limited, ITC, GlaxoSmithKline Consumer Healthcare, Nestle and Wipro Consumer Care visited the campus for hiring.
For the first time, a Venture Capital firm visited IIT-Delhi.
Along with the giants, start-ups such as Flipkart, OlaCabs, Snapdeal, One97 (PayTM), AM Marketplace (Limeroad) and SSN Logistics (Delhivery) have also hired students in large numbers.
As per IIT-D, nearly 50 percent of the students have already got jobs during the first week of placement.