Students Of IIT Invited By Internet Biggies

The three leading internet companies - Google, Facebook and Microsoft this year landed at IITs (Indian Institute of Technology) to select the cream students for their office headquarters. Facebook, which had selected only one IIT student in 2010, conducted interviews in all the IIT Campuses. It also extended the highest salary offer of whopping $140,000(nearly Rs.72 lakh) per annum along with one-time signing amount as well as a relocation bonus.

For the first time, Microsoft had come to IITs to hire for its Redmond headquarters. Google selected IIT students for both global as well as Indian offices by extending a package of nearly 20 lakhs. In addition, leading consulting firms maintaining a low profile during the slump period returned with a bang in IITs and picked up a swarm of IITians.

The sources revealed that back-to-back interviews were held in the IITs with students rushing from one department to another. With companies such as Sony Corporation, Credit Sussie, ANZ Bank, Schlumberger, Boston Consulting Group, Booz and Company and Goldman Sachs coming to the campus for Interviews, nearly 150 rooms at IIT-B had to be converted to placement chambers.

The placement department of IIT-B revealed that all top brands have been herding up in IITs. The overall salary of students exhibited an increase of nearly 10-20% in comparison to last year. IIT Madras, which was offered the highest salary of of Rs 28 lakh by transocean International last year, was superseded by sony Corporation (Japan) by extending five students an offer in the range of Rs.30 to 33 lakh p.a this year.

HUL extended offers up to 17 lakh p.a. Pocket Gems, a mobile gaming start up is all set to extend an offer of Rs.67.5 lakh p.a. to the right candidate from IIT. Sources from IITs reveal that, in total 29 firms visited Powai campus on December 1, Thursday, the first day of the placement process and interviewed 450 students. Twelve companies visited IIT-Delhi and 18 companies visited IIT-Kharagpur.

Much like the last year, some of the biggest names are here this time too. The whole process of taking the strenuous tests and interviews started from 8am and stretched till midnight for students across campus.