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Facebook offers Rs 1.42 crore job to 5 IIT Bombay students

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The top social networking site, Facebook had offered a whopping job offers of Rs 1.42 crore to five Indian Institute of Technology (IIT), Bombay students.

The five IIT Bombay students are - Deepali Adlakha, Ved Ratn Dixit, Rohan Das, Aastha Agarwal and Rahul Singhal.

Another giant company offers jobs to 28 IIT-B students, and Goldman Sachs had offered jobs to 11 students. [IIT Kharagpur student gets whopping Rs 1.5 crore pay package]

About the proposed package is that Facebook will pay Rs 65 lakh as base pay and over 50% is a one-time incentive and stock benefits (variable component).

Facebook offers Rs 1.42 crore job to IITB students

According to the IIT-B placement officer, the base pay Rs 65 lakh offered by the Facebook is for coding profiles, which is same as for international positions and a variable component is higher than other leading firms.

Dixit, who was placed in California, said, "The highest offer does not mean much as we go on the base salary offered. It is more important for me to get into a company that I always wanted to work with."

On the first day of the placement process, around 215 students had got job offers. By the end of the second day, the number of offers made by close to 70 companies was estimated to be around 350.

The list of firms visited for the placement process at campus is Oracle, Amazon, Cisco, Samsung India, Yahoo Japan and many more.

Samsung Korea offered a job to two of IIT Delhi students for a whopping pay package of Rs 93 lakh.

More offers poured in on the first day of the placements at IITs this year. [80 IIT Madras students bagged jobs on first day of placements]

Deepali Adlakha, who got a position in San Francisco said, "This is the main reason fewer women manage to get the top deal. This year, there are only five women in the batch, and most of us have managed to get a good deal. I did a lot of coding in the last few months which helped me bag the offer of my choice."

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