IIT-Kanpur student gets Rs 1.5-crore offer from Microsoft

LUCKNOW: A student of IIT-Kanpur who hails from Delhi has received a job offer of nearly Rs 1.5 crore per annum from Microsoft. This is the highest ever salary offer to a student of IIT-K, sources at the premier institute told TOI.

The student has been offered a position at Microsoft's headquarters in Redmond. Sources said he will design a software, implement it and fix the bugs.

He will get $136000 (Rs 94 lakh) as base pay and $70,000 for relocation, medical and visa charges and stock ownership options. The total package, taking into account annual bonus and joining bonus, works out to nearly Rs1.5 crore. Last year, the highest base pay offered to a student at IIT-K was Rs 93 lakh.

Elated after getting the offer, the student, who requested anonymity, broke the news first to his wing mates. "This is really exciting. Software once again has turned out to be the flavour of the placements," he said.

When TOI contacted student placement officer Prof Syam Nair, he said, "I am not going to comment anything on the salary packages.''
Sources said IIT-K has nearly 200 companies listed for placements this year compared to around 280 which flocked the campus last year.

This year, sources said, companies that provide technology for reservoir characterisation, drilling, production and processing to the oil and natural gas industry are missing. Both Transocean and Schlumberger, which were seen on the campus during placements till last year, are absent this year. Placements are seeing an increase in trading firms. Amsterdam-based Flow Traders walked in for the first time.

E-commerce firms like Amazon, Paytm, Ola and Uber also visited the campus. Uber, however, hasn't recruit any student so far.