Big money back on IIT campus

Updated on: Friday, November 25, 2011

What slowdown? Cocking a snook at naysayers, pay packets of IIT graduates appear to be getting fatter.

US mobile game apps developer Pocket Gems has decided to make a top offer of $1.37 lakh (Rs 71.58 lakh) a year to Indian Institute of Technology-Madras (IIT-M) students clearing interviews to be held in the first week of December.

The offer is quite a leap from last year when the highest offer made to an IIT-M student was $90,000 (Rs 47 lakh). The placement season will officially begin on December 1 and is likely to last till March 2012.

The number of students registering for placement has also risen, though marginally, from 1,146 to 1,174, said Mr Nagarajan, deputy registrar (training and placement) at IIT-M.

“The salary level this year has gone up with Pocket Gems offering $1.37 lakh and Facebook $1.25 lakh [Rs 65.31 lakh] per annum. We expect the average salary per student to be higher than last year.“

“The number of companies visiting our institute has also shot up considerably this year, with 255 expressing willingness to recruit students compared to 175 last year,” he said.

Mr Nagarajan said the number of core engineering companies registering for campus recruitment had also increased.

Among the top names, he said, were Sony Corporation, Honda Japan, Hyundai Motors, Pocket Gems, Microsoft, Intel, GE, Schlumberger, General Motors, Boston, Mckinsey, Morgan Stanley, Shell, IBM and Amazon.

Big money back on IIT campus

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