Companies hike pay packages for IIT recruits

Placements at the IITs have entered the second week, in a season that has seen a big surge in recruiter interest and number of offers. While colleges expect average salaries to go up by 10 per cent-15 per cent this season, at the upper end of the spectrum, companies like US network security company FireEye and California-based business analytic software company FICO have upped their packages by 64 per cent to 117 per cent since the last placements. Sreeradha D Basu and Devina Sengupta take a look at eight companies that have hiked their packages by over 20 per cent from last year.