Compared to their older peers, the six new IITs which have gone into placements for the first time this year are taking baby steps in terms of pool of recruiters and salary packages. Offers made by companies, like TCS, Microsoft and Deloitte, in the range of 6 lakh to 16 lakh in the new IITs are way lower than what top recruiters are offering at the established IITs. At IIT Bhubaneswar, the highest salary so far has been from Flipkart at 6.5 lakh plus a 1 lakh bonus, followed by 7.2 lakh offered by Caterpillar. At new IITs, the top international offer so far has been at Hyderabad from Japan-based Works Applications which has offered a gross salary of 35 lakh.

At older IITs, companies such as Facebook, Pocket Gems have offered salaries in the range of $125,000 to $150,000 (from 62.5 lakh to 75 lakh) for positions in the US. At IIT Guwahati, Microsoft has made two offers for positions in the US at a salary of around $119,000. However the new IITs are hopeful that things will improve from next year after companies have tested their students on their calibre.

Source: The Economic Times