US IT giant offers Rs 1.5 crore package at IIT placements
NEW DELHI: Domestic packages offered at some of the premier IITs have gone up several notches this year. A package of Rs 80 lakh has been offered by more than one firm on some campuses — a jump from last year’s highest of Rs 62 lakh. Among the international firms, California-based IT giant Cohesity has offered the highest package of $200,000 (close to Rs 1.5 crore). However, trading firm Optiver, with a competitive package of 157,000 euros (nearly Rs 1.4 crore), has picked more students for its Amsterdam and Sydney profiles. Interviews were conducted virtually this year.
At IIT-Bombay, Optiver picked seven students for roles in trading, software and Quant research for Amsterdam and Sydney profiles. There were more interviews scheduled by Optiver even in the second slot at IIT-Bombay, said a student. A student said the number of roles offered by the institute is very encouraging given the pandemic situation. Cohesity, with the highest offer, had shortlisted one student for the US profile in the second slot. The final offer was not confirmed.
Domestic recruiters like Qualcomm picked a larger number — 11 from Bombay and eight from IIT-Madras. The telecom major’s compensation package stood at Rs 46.4 lakh, followed by Rs 39.7 lakh offered by WorldQuant, Rs 37.2 lakh by Morgan Stanley and Rs 35.3 lakh by Uber. Around 18 companies were part of the first session, and the highest offers were made by Microsoft, Google, Texas Instruments, Qualcomm, Boston Consulting Group, Apple, and Bain & Co at IIT-Bombay. A total of 153 pre-placement offers (PPOs) were made to the graduating class of 2021 from the institute.
译文来源：阿巴森 http://www.abaripsen.com/p/51443.html 译者：Jessica.Wu
Please domt convert $200K to Indian rupees. In california with $200 you can just do roti kapda aur makan thats it. Had it been in india you are paying 1.5 Cr then yes it is a headline. Again this 1.5Cr includes your shares, performance bonus which has company oerformance tied to it so your package in actual will be 70 lakhs
And some parents read this news without understanding and start pressurizing their children to study, enroll them to iit coaching when they are in 8th std killing their teen age and childhood days
for e.g: 1.5Cr Package contains 1 Cr of Stock Bond which will be recieved in 4 - 5 years , Residencial allowance per year which will be around 15-20 lac which is for rent expenses and travelling expences , joining bonus would be 5-6 lac , actual salary would be 12-15 lac per anum .
1500万卢比包含1000万卢比股票，4 - 5年发放，每年住房津贴150 - 200卢比,加入奖金50 - 60万卢比，还有差旅费等等，实际年薪只有120 - 150万卢比。
Cohesity is an IT giant? Never ever heard of them! Are they giant in some county in California?
Useless. Still India is purchasing weapons/millitary equipment from small countries like Israel, France. For Railways and Metro go nment is depending on China based companies. What's the R&D by so called IITs?
Nuclear reactors are based on Russia or France. IITs are just creating some BioRobots for foreign companies.
Tax payers money is spent on IITs and when students pass out they ditch our country and go abroad and settle there. IIT subsidy must stop. There must not be any govt funding for IIT from tax payers money. After passing out from IIT all students must give bond to serve in India compulsorily for 10 years
This kind of news is misleading when you convert US salary to INR, It's not much when you get that much while you live in USA. A 25 lakhs package in India gives a more luxurious life.
Indian IIT's has once again proved that they are more sought after institutions of future
Package and all is good and may be well deserved. However it irkes me when they do not take up job in the stream/discipline they graduate in, such as a Chemical engineer goes for Financial Trading company. Thats a sort of wastage of tax-payers money.
This is brain drain.
These are good news for IIT graduates. IITs need to grow to the levels of MIT, Stanford, and UC Berkeley to conduct cutting-edge research in Computer and Information Sciences.
the indian govt subsidizes education and then foreign companies swoop in to hire the best
Google, Facebook, Amazon, Cohient etc. were created 20 years after TCS, Infosys, Wipro or other Indian IT companies e.g. Satyam, HCL, Patni Computers. However American companies have grown in zillions while Indian IT is still cheap labour contractors. No Indian IT company has any patent nor any innovation to show in 40 years.
谷歌、Facebook、亚马逊、Cohient等公司是在塔塔咨询、印孚瑟斯、威普罗或其他印度IT公司(如Satyam、HCL、Patni computer)成立 20年后创立的。然而，美国公司已经飞速发展，而印度IT公司仍然是廉价的劳动力承包商。40年来，没有一家印度IT公司有任何专利或创新可以拿出来展示。
Learn at Indian taxpayers money and earn out in foreign countries !!!
Gurvinder Singh Bindra
sorry but 1.5 Crore in India is just a "liveable wage" amongst IT folks here especially if you are in Silicon valley.... a Two bedroom apartment runs around 5k USD a month.... thats 60k USD a year , ie 45 lakhs! taxes are at 33% and you work dog hours. Still proud of the boys who made it! I am just trying to set expectations right! USD 200,000 for an IITian is not a bad start.... but just a start!
I wonder why IITians are leaving India. Under Modi/Yogi, India has already become next america...
Should we really celebrate this brain drain?
Congratulations to all those who got good offers.But does this article worth being a headline in frontline nrwspaper ?