News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Home  » Business » IIT Delhi students turn down $125,000 offers; go for Indian firms

IIT Delhi students turn down $125,000 offers; go for Indian firms

Source: PTI
December 09, 2014 08:56 IST
Get Rediff News in your Inbox:

Domestic offers seem to be gaining traction among some IIT Delhi students, who have turned down international offers with over $125,000 per annum packages to work within the home country.

As per details of the annual placement drive shared by the premier engineering institute here, the first six days of placements have seen a 30 per cent increase in the total number of campus offers by companies this year.

Nearly 50 per cent of the batch got jobs during this period, said a statement issued today by IIT Delhi.

"Some students rejected international offers including those with over $125,000 per annum as base pay this year opting to accept offers from either the company's counterparts in India or other firms with domestic offers on campus," it said.

A number of technology companies showed up in the first week rolling out high packages of over $100,000 per annum as base pay for international positions. A few core companies also rolled out international offers.

Many Japanese companies visited the campus in the first week to recruit students. However, most of the offers have been for India with an overall increase in average packages for domestic profiles for the first week in the range 20-30 per cent, the statement said. 

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Related News: IIT Delhi, India
 

Moneywiz Live!