At IIT Madras the highest pay offered for the student to work in the US increased by 40 per cent while for the one picked to work in India the offer has nearly doubled, a Hindu Business Line report said.
Lt Col (Retd.) Jayakumar, Deputy Registrar (Students and Placement), IIT Madras confirmed the news to Hindu Business Line. According to him, the highest offer in dollar this year has increased to $210,000 a year as against last year’s $150,000. The domestic offer this year increased by nearly 70 per cent to Rs 48.6 lakh an annum against Rs 28.8 lakh last year. Jaykumar didn’t give the details of the company paying this offer. He said, “As a matter of policy, we do not disclose the name of the company or the candidate paying/ receiving the offers,” he said.
Samsung Electronics, Epic, Microsoft India R&D, Oracle and Google were some of the companies that visited the campus. Last year, out of 333 companies registered, 221 visited the campus for recruitment. While this year, 265 companies have registered so far, he said.
Some of the companies that visited the institute last year were Boston Consulting Group, Deutsche Bank Group, Goldman Sachs, ITC Ltd, McKinsey, Google and Facebook, the report added.
Read the complete report here