IIT-Guwahati placement season witnesses a maximum salary package of rupees 65 lakhs

Updated on: Thursday, March 07, 2013

Placement season is on at the Indian Institute of Technology, Guwahati, since December and the maximum salary package that has been offered to a student till now is $1,19,000, around Rs 65 lakh. The name of the company has been kept confidential due to an agreement with the institute. However, the maximum salary offered this year was less than last year's, which was around $150,000.

The placements are set to continue till April. Some of the most reputed companies from across the globe, many of whose names feature in Fortune 500, have lined up at the IIT-G campus for recruitments.

The placement drive, for technology, design and other courses were held at both the undergraduate and postgraduate levels. The average salary offered at the graduate level was Rs 10.8 lakh per annum. About 92 per cent of the B Tech students were recruited and 100 per cent of the B Design students were recruited.

"International companies like Goldman Sachs, Google, Samsung, PayPal, eBay, Schlumberger, Microsoft, Directi, Amazon, Adobe, Oracle, Morgan Stanley and Facebook visited the institute for recruitment. The Indian companies that came here for placements were Tata Motors, Flipkart, Nvidia, Reliance India Ltd, Wipro, Infosys and Hero Motors. We are expecting some more companies as the placement season will continue till April," said Lavanu Konwar, IIT-G public relations officer.

At the masters level, which includes specialisations in technology and design, the average salary offered was Rs 9.4 lakh per annum. The reason for the difference in the salary offered to graduate and postgraduate students is that companies prefer young graduates as it is easier to mould and train them, explained Konwar.

IIT-Guwahati placement season witnesses a maximum salary package of rupees 65 lakhs

More Education news