Microsoft increases pay package to IIT Madras students


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.

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However, as per The Indian Express, the IIT Bombay and Madras have refused to disclose details. 52 job offers from 17 companies with eight of them from Goldman Sachs and seven from consulting firm Boston Consulting Group were brought on the first day.

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The start of first round has already commenced and compared to last year, this year brought in quite an elite offers with America's Microsoft making a handsome pay package of around $215,000 which is approximately to Rs 1.39 crore per annum. More than 1,100 students, from different streams of study, registered for placement this year.

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There is every reason to rejoice for students, as the Indian Institute of Technology (IIT) placement season has begun with many major companies participating and debuting this year. Airbus Group, Bain & Company, Boston Consulting Group, Google, Goldman Sachs, Intel, Microsoft, ONGC, Procter & Gamble, Samsung R&D, Texas Instruments, Tata Steel and Qualcomm were among the major recruiters a year ago. 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. Due to the special effort put in by the placement team, the number of companies interested in post-graduate and PhD scholars has witnessed an increase. Also, attractive packages and perks are being offered to students of production and industrial engineering, master of computer applications, applied mathematics, geophysical technology, applied geology and geological technology. The first day of placement saw 189 offers being made at the institute including 4 worldwide offers. Microsoft, Uber, cloud data management firm Rubrik and employment search engine Indeed made the nine global offers. The internships for students are facilitated through a coordinated process.