IIT-Bombay placements: Microsoft remains the highest paying recruiter

The software company made offers of pay packages of USD 164,000 a year, roughly converting to ₹1.17 crore. Including components like stock options and joining bonus, the pay package for Microsoft touches the ₹1.5 crore-mark

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Software giant Microsoft remained the highest paying recruiter for the third year in a row at the Indian Institute of Technology, Bombay (IIT-B), on day one of the placements on Sunday. Microsoft made offers of pay packages of USD 1,64,000 a year, which roughly is ₹1.17 crore. If one includes components like stock options and joining bonus, the pay package for Microsoft touches the ₹1.5 crore-mark. Last year, too, the software giant had offered pay packages of ₹1.5 crore.

On the other hand, cab aggregator Uber have slightly lowered their offer at IIT-Bombay this year. The company had, in the past two years, offered pay packages of USD 150,000 (roughly ₹1.05 crore) for positions in the United States. But the pay packages this year, have dipped to USD 1,43,000 (roughly, ₹1.02 crore).

Firms from the core engineering and IT sector were the prominent recruiters on the first day,” said a statement released by IIT-Bombay by the end of day one.

In the meantime, pay for domestic roles also witnessed a drop as the American telecommunication firm Qualcomm made the highest offer so far at ₹32.59 lakh. The previous year, US-based equity firm Blackstone was the highest payer with offers up to ₹45 lakh per annum.

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