IIT Kharagpur student gets Rs 1.5 crore pay package

Kolkata: In one of the fattest pay package offered to an IITian ever in campus placements, a student of Indian Institute of Technology Kharagpur has been offered an annual salary of over Rs 1.5 crore.

IIT Kharagpur officials said the salary package was among the 163 offers made by 27 visiting companies on Monday on the first day of campus placements.

The highest domestic package was of Rs 42 lakh and highest offer from abroad was of USD 250,000 (Rs 1.54 crore), the officials said.

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 Rs 1.54 crore offer is the highest ever package received by the Kharagpur unit and among the largest ever in all IITs.

The highest number of offers (24) was made by niche analytics consulting company EXL Service Pvt Ltd due to growth induced demand, followed by international brands like Visa, Goldman Sachs, Credit Suisse, Cisco, Microsoft IDC.

Analytics, IT and Finance are leading so far. The first time visitors - Parthenon, TSMC , BMGI, VISA, Baker Hughes, and Auctus Advisors - gave an encouraging response and offered large number of positions to IIT Kharagpur talents.

Professor Sudhirkumar Barai, Chairman of Career Development Center, IIT-Kharagpur, said from this year onwards special emphasis will be given to boost the confidence of the graduating students with the help of corporate workshops, case study contests, alumni mentorship session, assessment tests and soft skill training.

"The preparation has shown an impressive success in terms of day one placement this year at IIT Kharagpur. Further, there has been renewed realisation in Indian industry for highly qualified engineering professionals in Quality Engineering, Product Design and Manufacturing. IIT Kharagpur has been quick to identify this need and accordingly have initiated a programme in this field," Barai said.

The total offers received so far stands at 251, which includes 88 pre-placement offers.