Mumbai: Top notch internet firms like Google, Microsoft and Facebook, have offered high packaged jobs to the final year students of Indian Institute of Technology (IITs). As per sources, most of the jobs were offered in companies’ Indian and overseas offices as well as headquarters in the placement session conducted recently, by IITs.
Sources confirmed that Facebook, which hired one student, last year, took part in placements visiting all IIT campuses from Bombay to Guwahati. It offered the highest salary amounting $140,000 (about Rs 72 lakhs) per annum apart from the relocation bonus and a one-time signing amount. In the present global economic slowdown situation, such lucrative offers have cleared a fact, that there is no fall time for intelligence.
During this year's placement session, Microsoft, for the first time, had come to recruit IITians for its Redmond headquarters, while Google picked engineers for both their India (with salary packages nearing Rs 20 lakh) and global offices. In addition, big consulting firms which had been quiet during the economic slowdown returned to the IITs to pick a large group of students.
This year, IIT campuses were flooded with various top corporate firms like Goldman Sachs, Booz and Company, Boston Consulting Group, Schlumberger, ANZ Bank, Credit Suisse and Sony Corporation. In the same context, Ravi Sinha, Placement Head of IIT-B, said that the top brand slot for placement was a lot more crowded this year.
According to the sources, at IIT-Madras, packages went over the highest salary packages offered last year. This year, Sony Corporation (Japan) offered five students between Rs 30 lakh and Rs 33 lakh a year, while the highest salary offered in 2010 was Rs 28 lakh by offshore drilling contractor Transocean International. This raise signifies a hike of 10-20% in the overall salary as compared to the last year.
For students across campuses, the arduous tests and interviews began at 8 am and went on past midnight. In all, 29 firms visited the Powai campus to interview 450 students on Thursday, the first day. However, twelve companies visited IIT-Guwahati (said the institute's Placement Head Saurabh Basu), 13 visited IIT-Madras to pick about 65 students, 20 visited IIT-Delhi and 18 visited IIT-Kharagpur.
