Mumbai: IIT-B placements: Rs 1.5 crore p.a. highest offer on Day 1

Updated: Dec 03, 2018, 15:54 IST | A Correspondent | Mumbai

Among the high-paying offers for international roles, IT giant, Microsoft has offered 1.64 lakh USD per annum that is roughly Rs 1.5crore

IIT Bombay. File pic
IIT Bombay. File pic

As the most-awaited placement season has begun at the Indian Institute of Technology Bombay (IIT- B), at the end of the Day 1, a total of 183 offers were made. There were 35 companies that participated on the first day. Among the high-paying offers for international roles, IT giant, Microsoft has offered 1.64 lakh USD/ annum (roughly Rs 1.5crore), and financial service sector giant Optiver has offered 1,00,000 Euros/annum (roughly Rs 79 lakh). Among the domestic roles with high-paying offers, investment banking firm Blackstone offered a starting salary package of R 45 lakh per annum.

For domestic roles, the highest number of offers were made by Microsoft, Qualcomm, BCG, Strategy & Cairn while the maximum International offers were made by NEC Japan, Microsoft, Optiver, Rubrik, Cohesity and Uber.

On Day 1, prominent hiring was done by Core engineering, IT/ Software, Finance and Consulting. The number of offers whose salary is greater than 25 lakhs is more than last year.

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