5 IITians pocket Rs 30 lakh plus job deal

Third day of the campus placement at IIT-Bombay belongs to the big fishes of the ocean. MEC Japan bounced on the opportunity and managed to roped in five IIT-Bombay students on a handsome package of 5 million yen (around 30 lakh rupees).

According to the sources, around 400 jobs were offered during this year's placement programme at IIT Powai's campus and all were accepted.

On Tuesday, campus of one of the renowned IIT institute of India, IIT- Bombay, was flooded by national and international recruiters. Among domestic recruiters there were companies like power management company Eaton, intel, Morgan Stanley tech division, Ernst & Young and Cadbury.

"Till day two, approximately 331 offers were made. We are doing marginally better than last year," says placement faculty in charge Avijit Chaterjee. However, the highest job offers came from Epic, a healthcare software firm which offered jobs to 18 graduates from IIT-Bombay, 20 from IIT-Kanpur and 12 students from IIT-Kharagpur.

Epic is offering a basic annual salary of $ 90,000 and other allowances pump up the offer to $1,10,000. Another international company, IdeaS, American analytics company, hired two students for a base salary of $ 80,000.

Software firms too didn't lack behind, firms like Samsung India and Xerox picked up several students with an average salary of Rs 17 lakh. Financial sector was dominated by American Express, Nomura, Axis Securities and Capital One. All these companies hired several students on an average package 12.5 lakh.

At IIT Kharagpur, Flipkart made 26 offers, the highest across any IIT. Among other key recruiters are American Express, Citi Crop Services, Housing, VMWare and Nomura. On day 2, domestic organisations were at the lead at IIT-Kharagpur. Only A Star of Singapore made an international offer to students of the metallurgy department. In all, 71 offers were made by the end of the second day with the average salary of Rs 20 lakh.