Money keeps raining down on IIT campus!

Pay packets of IIT graduates appear to be getting fatter!

Money keeps raining down on IIT campuses at the time of placements. It is a season of placements at Indian Institute of Technology, Madras (IIT-M) and students are getting ample offers from the top companies.

IIT Madras students are likely to get a top offer of $1.37 lakh (Rs 71.58 lakh) a year. US mobile game applications developer ‘Pocket Gems' has decided to make this top offer to students who will clear the interview session.

The offer is quite a leap from last year when the highest offer made to an IIT-M student was $90,000 (Rs 47 lakh). Officially, the placement season at IIT-Madras will begin from 1st December, 2011 and is likely to last till March 2012.

Mr Nagarajan, deputy registrar (training and placement) at IIT-M said that the number of students registering for placement has also risen, though marginally, from 1,146 to 1,174. The remuneration level has also gone up this year with Pocket Gems offering $1.37 lakh and Facebook $1.25 lakh [Rs 65.31 lakh] per annum.

The number of companies visiting the campus has also increased considerably this year, with 255 expressing willingness to recruit students compared to 175 last year. He added that the number of core engineering companies registering for campus recruitment has also increased.

Some of the top companies who have registered for campus placements are Sony Corporation, Honda Japan, Hyundai Motors, Pocket Gems, Microsoft, Intel, GE, Schlumberger, General Motors, Boston, Mckinsey, Morgan Stanley, Shell, IBM and Amazon.

Source: Richha Bhatnagar (Shiksha Team)