According to Economic Times, two 21-year-old, soon-to-graduate IIT Kanpur engineers turned down huge package offered to them by tech major Oracle for a profile of their choice. Oracle offered them Rs 1.31 crore each. The two students have opted for other companies that offered lesser pay, but gave roles the students liked better.
At Kanpur, Oracle had shortlisted three students from computer science background on Sunday and four in the waiting list. Two from the waiting list have since been hired to make up for the dropouts, a placement team member at IIT-Kanpur told ET. Oracle has also hired students from IIT-Madras and Bombay, all at similar crore-plus salaries.
Some of the major tech companies are hiring from all IITs this placement season. A Google spokesperson confirmed ET that the company was hiring from India for software engineer profile for their US, UK, Australia and India locations, but declined to comment on compensation. At IIT Guwahati, some 70 students have been selected by 15 companies, including Microsoft, Google, Tata Motors, Morgan Stanley, Flipkart, ITC and Dell, the report added.
Read the complete report here