Microsoft, the biggest technology company of US is ready to welcome students from the Indian Institute of Technology with a ransom pay package. The placements for the passing batch of 2018 commences on December 1. Numerous companies are a part of this process, offering impressive offers to grab the most talented engineers from one of the topnotch institutes of India.
According to the Economics times, Microsoft is recruiting students for their Redmond headquarters with an annual pay check of Rs 1.39 crore. The exorbitant salary will include a base income of $108,000, along with performance gratuity of $21,600, joining bonus of $15,000 and stock units worth $70,000. All of this adds to a total of $214,600. As compared to Microsoft’s offer during the previous placement season with a package of $136,000 inclusive of all bonuses, this year’s offer is a remarkable leap.
Reports from Business Standard stated that one among the chief recruiters is Uber Technologies, the US-based cab aggregator. Uber is set to provide a total package of Rs 99.87 lakh ($155,000), with a base income of $110,000. The other top hirers include Samsung Korea with an offer of Rs 96.8 ($150,000) and Rubrik, an American cloud data management company with Rs 74 lakh ($115,000).
Sources claim students from Kanpur, Bombay, Madras, Banaras Hindu University and Roorkee campuses are more likely to bag such opportunities.