Rs.1.42 core – this is the highest annual pay package that was clinched by two Computer Science students in IIT-Delhi in the first week of placements that concluded on Monday. This ensures that they join the league of some of the other IITians in the country who clinched the same amount, all offered by the social media company, Facebook.
“There were two students who were offered an annual pay package of 2,30,000 dollars within the first few days,” confirmed placement coordinator Akshay Malik, adding that the placement season was likely to conclude on December 20.
A lot of international offers were forthcoming during the first week, which saw technology companies offering an average pay of Rs.60 lakh. First-time recruiters from Japanese companies also showed up, with many offering jobs in their Indian offices.
Most students, however, opted for domestic jobs. “Some students rejected international offers including those with over 125,000 dollars per annum as base pay this year, opting to accept offers from either the company’s counterparts in India or other firms with domestic offers on campus,” said IIT-Delhi Registrar Rakesh Kumar. He said this year there was a 30 per cent increase in the number of offers that came to the campus.
The total number of offers neared 600. Long-time recruiters have increased their domestic pay package offers by 20 to 30 per cent.
Start-ups featured prominently. “Prominent ones included Flipkart, OlaCabs, Snapdeal, Zostel, Nutanix, VMock, One97 (PayTM), AM Marketplace (Limeroad) and SSN Logistics (Delhivery),” said Mr. Kumar, adding that there was good representation from all sectors.
