Microsoft, Uber and more lure IITians with massive packages
If reports are to be believed, this year's placement session at the IITs is going to see intense competition among top companies for winning over the best talents. Microsoft has upped its previous year's offer by almost $80,000: in 2016, its total package was $136,000, which has gone up to $214,000, the highest this time. Uber, Samsung and more have upped their games too.
This time, Microsoft is reportedly hunting for its Redmond headquarters and is offering a package of Rs. 1.39cr. Compensation will include basic salary of $108,000, slightly more than 2016's $106,000, but is offering several benefits this time including a $15,000 joining bonus and restricted stock units worth $70,000. Such packages are likely to be offered at the Kanpur, Mumbai, BHU, Roorkee and Chennai campuses.
Uber is another major player with a reported package of $155,000 (Rs. 99.87L). However, this time, it is looking to hire more people for its domestic operations. To get the top talent, it is participating right in the first slot on Day One of placements and might also up its offer. Uber will visit Delhi, Chennai, Roorkee, Kharagpur, Guwahati, BHU, Kanpur and Mumbai campuses.
Then there's Samsung, which has already started recruiting through the pre-placement process. It has offered about $150,000 (Rs. 96.8L). Rubric will reportedly offer packages of $115,000 (Rs. 74L). Tower Research (Rs. 32-32L) and Oracle (Rs. 23L) are hiring mostly for domestic positions. This time, Apple is marking its entry into India's campus placement scene, including IIT-Bombay and International Institute of Information Technology-Hyderabad.