Wednesday, 17 October, 2018

Bombay student offered INR 1.39 crore per annum by Microsoft during placement

IIT-Bombay student offered INR 1.39 crore per annum by Microsoft during placement Mumbai Share Now Share Tweet Share
Melissa Porter | 02 December, 2017, 18:03

A total of 195 job offers have been made on the first day of the placement season at the Indian Institute of Technology, Madras here with a majority from the analytics, finance and consulting sectors.

"At a time when tech firms are experiencing rapid alterations, we are seeing more proposals and higher wages at our campus this year from IT firms to grab skill to remain ahead of competition", Padhy claimed in his statement. A number of Japanese companies will also be scouting for talent this year.

For the initial time, firms are giving a visit to IIT Banaras Hindu University (BHU), Varanasi, to pick engineering skills to build groups for machine learning, AI, and robotics, claimed a person in the placement team of the institute. Atotal of 138 companies have already made pre-placement offers to students who interned with them. In 2016, highest PPOs were established at Bombay in the finance space.

A placement division official at IIT Bombay said that three students from the institute had also received pay packages of over 1 crore during first two days. Major recruiters included Apple, Microsoft, The Boston Consulting Group, Texas Instruments, Goldman Sachs, Samsung Research, IBM Research, ITC Ltd, Alvarez and Marsal, Auctus Advisors, Dalberg Advisors, Indeed India Operations, Uber, and Procter and Gamble. The institute expects more than 225 companies to participate in phase-1 of placements, which started on Friday simultaneously with other IITs and will continue till December 16. As per reports, it is said that Microsoft offered United States dollars 2,14,600 to a student, while Uber was ready with USD 1,55,000.

Falguni Banerjee, public relations officer at IIT Bombay said that worldwide 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. He however did not divulge the highest pay package offered at the institute so far. As many as 18 students accepted the government offer past year.

A total of 93 offers were made in first slot.