BENGALURU: Placements in the IIT starts with a bang on as international recruiters offer over 40 packages with valuation over $100,000 (66lakh).

The packages worth $100,000 excluding relocation charges or joining bonus has been offered by Oracle, Microsoft, Google, Visa and employment related search engine Indeed. Total package offered by companies like Google valued more than Rs2crore also. Early predictions by IIT sources revealed an expectation in rise of both salary and number of hiring especially from domestic companies.

IIT sources say, Microsoft and Oracle offered base pay ranging around $100,000- $110,000. If variables and perks are considered in this, the value can shoot up to $125,000- $140,000.

Another company ready to offer a fat package was Visa worth $115,000, spurces said.

Breaking the last year record of 93lakh per annum, this time, three students of IIT Kharagpur bagged offers worth 1.4crore per annum not including all perks and facilities.
In the first day of hiring, 37 companies participated in the IIT placement cell.

Companies that were expected to be apart but went unavailable are Uber International, Twitter and ServiceNow.

IIT Madras and Mumbai had Bloomberg UK among the top recruiters.

Scene at IIT Madras remained little critical due to the rains. However, Microsoft made three international offers, Oracle made 1 while Bloomberg UK recruited 2 and kept two in wait list also. Other companies at the Madras campus included Texas Instruments, Samsung R&D, Goldman Sachs, BCG.

Faceboook, another glanmorous recruiter was not present on campus but has made some pre hirings with crore plus packages from the pass out batch of 2016.

AT IIT Mumbai, the recruiter list included Tower Research Capital, Goldman Sachs and Sony Japan. Engineering companies like Shell, GE, Airbus and Tata Steel were also seen here.

The IITs were reluctant to speak about the recent updations in salary offers made by All-IITs placement Committee.

Placement sources considered WorldQuant with Rs41 lakh per annum as one of the top notch paymasters.

Goldman Sachs ranged around Rs30 lakh, Oracle India around Rs18-20 lakh, Google worth  Rs25 lakh and Microsoft approximately Rs21 lakh for Indian roles. At a domestic level, highest packages has been offered by Microsoft and Goldman Sachs.

IIT Delhi had a few startups also like CodeNation and Grofers. CodeNation also made to IIT BHU.

No startups visited IIT – Roorkee on the first day.

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