IIT campus placement: Rs 1.39 crore offered by Microsoft on day 1, Apple offers Rs 15 lakh

IIT campus placement: Rs 1.39 crore offered by Microsoft on day 1, Apple offers Rs 15 lakh
The Indian Institutes of Technology's (IITs) first day of placement witnessed great packages being offered to the students, with Microsoft offering a whooping Rs 1.39 crore to students on IIT Roorkee, Bombay, Madras and Guwahati campus.
The Indian Institutes of Technology's (IITs) first day of placement witnessed great packages being offered to the students, with Microsoft offering a whooping Rs 1.39 crore to students on IIT Roorkee, Bombay, Madras and Guwahati campuses. While it offered to hire three from Roorkee, two off-shore offers and eight domestic ones were made at Guwahati.

As per Indian Express report, IT giant Microsoft, which came to shop for talent on several IIT campuses, has made offers for offshore positions and pay packages of around USD 215,000, which roughly converts to Rs 1.39 crore per annum. IIT Bombay and Madras refused to divulge details.

Apple makes its debut
For the first time, Apple offered domestic positions to the students. According to placement officers, the tech giant made offers worth Rs 15 lakh per annum and visited Madras and Guwahati campuses. Nasdaq also recruited students from the Madras campus for the first time.Better pay packages and offers
A slight improvement can be seen this year in regards with the number of offers and pay packages.Investment banking firm Blackstone, which had made the highest offer for domestic positions at Rs 35 lakh, upped its offer to around Rs 44 lakh. The highest packages offered for domestic positions varied between Rs 35 lakh (at Guwahati) and Rs 45 lakh (at Bombay).We hope this momentum continues into the next session and in the days to come," said Manu Santhanam, advisor, training and placement at IIT Madras.By the end of the first slot at 4 pm, 99 students were placed, up from last year's 77. At Guwahati, 100 students were placed by 8 pm and another 40 offers were in the pipeline. By 8 pm, around 263 offers had been rolled out at IIT Roorkee," said N P Padhy, professor in-charge of training and placement.