Forget retrenchments, IIT placements fetch students offers in crores

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New Delhi: The placement season has begun in the Indian Institutes of Technology (IITs) with the students being offered hefty salaries in the range of a crore of rupees. Even though there were worries that the mass retrenchments by major companies and the financial downturn would act as an impediment, job opportunities are still immense for IIT grads.

IIT Madras
At least 25 students were given offers of jobs with a salary of Rs 1 crore a year. This time, there was an increase of 10% in the pre-placement offers over the 407 offers last year. The frontline companies that extended the offers were Texas Instruments, Bajaj Auto, Qualcomm, and JP Morgan.

IIT Guwahati
Till now, 290 offers from 84 companies have been received. Of these, five students were given offers of a compensation package of Rs 1 crore a year. Companies such as Microsoft, Google, Uber, and American Express were the ones which offered jobs. It marked an increase of 21% over the past year.

IIT Kanpur
Till now, there have been 519 job offers, including 207 pre-placement offers. A total of 488 students were assured of jobs on the first day itself. The highest salary package offered till now is Rs 1.9 crore per annum. An offer of Rs 1 crore was made to 33 students. Until now, 72 offers of international jobs too have been received. The number was 47 last year.

IIT Roorkee
A total of 365 offers, including six international job placements, have been received. Until now, the highest offer was Rs 1.30 crore per annum. An offer of over Rs 80 lakh per annum was received by 10 students.

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