As the reports going viral, Microsoft might emerge as the top paying corporation at Indian Institutes of Technology (IITs) this year.
The US tech giant is apparently offering an annual package of Rs 1.5 crore to IITians for jobs in the US, reported Economic Times citing IIT placement teams.
The placement teams also told the business daily that cab aggregator Uber is also offering 1 crore plus package to those graduating next year, for working in the US. The placement cell confirmed with the publication that Microsoft is offering annual package as high as USD 214,000 which includes joining bonus, base salary, performance bonus and restricted stocks as well. The report further cited that saying that so far only Uber and Microsoft is offering packages above a crore.
It may be noted that placement drive in well established older IITs will begin December 1 onwards. Ira Gupta, head of HR at Microsoft India was quoted saying that India is a source of talented engineers for the company. This year itself, the company has offered over 400 jobs to students from top engineering institutions in the country and is looking forward to hiring more talent from the IITs.
Microsoft declined to reveal pay details as according to the company policy, it is confidential between the employee and the company.
One of the student members of IIT Roorkee placement cell told the financial publication that this year Uber is coming to hire students for international jobs.
Worth mentioning here is that apart from Uber and Microsoft, other international companies like Works Application, Mercari, Squarepoint Capital etc. are also offering international jobs to students. Last year as well, Microsoft has offered that highest package of Rs 1.39 crore at IITs. IITs are prime engineering colleges in India and tech giants like Microsoft, Google etc always look to hire from these institutions.