Day 1 of IIT Madras placements: Uber offers top pay packet of Rs 1.25 crore

It’s placements season again at IIT-Madras, and Day 1 recruitment has elicited heartening responses from recruiters. At the end of Day 1, a total of 26 companies made nearly 130 job offers to students, said Placement Advisor, Professor Manu Santhanam. 

While he refused to divulge details of pay packages as a matter of policy, The New Indian Express reported that the highest offer was made by Uber International to an Mtech student who passed out from the Department of Computer Science and Engineering. TNIE cited the annual pay packet offered as amounting to $1.82 lakh or Rs 1.25 crore. 

TNIE also reported that other major offers made on the first day included an annual salary package of Rs 93 lakh from Microsoft to a BTech student from the Computer Science Department and a similar offer to another MTech student. Oracle International reportedly made two offers with a pay package of Rs 85 lakh.

Manu Santhanam said that with companies mostly offering job profiles involving software development on the first day of placements, a majority of the offers went to students from the Computer Science and Electrical Engineering departments. He added that some hardware majors were also among the early recruiters.

A number of software and technology majors were among the early recruiters, including Microsoft, Oracle, Samsung R&D, Intel and Texas Instruments, besides Uber International, American Express and Visa. 

The advisor added that the first day of recruitment had more than met the expectations of the Institute, with the turnout matching estimates, and a good average of offers pouring in from all the recruiters. 

According to reports, one student from IIT-Roorkee and two from IIT-Guwahati have received offers with annual salary packages over Rs 1 crore. And around a dozen students from the older IITs have bagged salary packages over Rs 90 lakh on the first day of placements.