4 IIT-Kanpur students turn down Rs 1 crore Job offers

By Pti

Kanpur, Dec 5: Considerations of professional fulfilment and a desire to pursue higher studies have trumped offers of eight-figure salaries during placements at IIT Kanpur as four students chose to turn down jobs which would have paid them more than Rs 1 crore yearly.

It is not everyday that a job-seeker turns down a Rs 1 crore offer and the decision by four of them -- three boys and a girl student -- at the premier technological institute here is sure to create a flutter, especially when two of them are said to have settled for lower salaries in order to work with profiles which they found to be more suitable for themselves. [Oracle US offers a Job of Rs 2.03 crore to IIT BHU Varanasi student]


According to the chairman of the IIT-Kanpur Placement Cell, Prof Deepu Philip, the remaining two male students have opted for higher studies over signing up to join any company. Philip, who refused to divulge the names of the four students, said that a multinational company made the offers yesterday during placement interviews on their campus.

IIT-Kanpur students turn down Rs 1 cr Job offers

"The offer to these four students was for a take home of USD 150,000, or close to Rs 93 lakh per annum. Along with other incentives and perks, the size of the package was more than Rs 1 crore yearly," Philip told PTI.

"The girl student and one of the boys declined the offer saying it did not match their temperament and that they wanted professional fulfilment from their jobs. The two have accepted offers of Rs 50 lakh per annum from a smaller company.

"The remaining two students said they want to focus on higher studies and were, therefore, not keen on taking up the Rs 1 crore offer," added Philip. [Facebook offers Rs 1.42 crore job to 5 IIT Bombay students]

In one of the fattest pay packages offered to an IITian ever in campus placements, a student of IIT Kharagpur was a few days back offered a whopping annual salary of over Rs 1.5 crore. IIT authorities have refused to disclose details about the student or the company which made the offer, saying "this brings unnecessary attention to the student".

IIT sources claimed that the 1.54 crore offer is the highest ever package received by the Kharagpur unit and among the largest ever in all IITs. IIT Kanpur had kicked off its placement drive on Dec. 1 with around 1,290 students from B.Tech, B.Tech Dual and M.Tech courses registering for the same. The placement drive will continue till Dec. 24.


For Quick Alerts
For Daily Alerts

Select a Field of Study
Select a Course
Select UPSC Exam
Select IBPS Exam
Select Entrance Exam

Thousands of Careerindia readers receive our evening newsletter.
Have you subscribed?

Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Careerindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Careerindia website. However, you can change your cookie settings at any time. Learn more