Wednesday, December 19, 2012

IIT-K students bagged Rs. 70 lakh package

IIT-Kanpur is most sought after engineering institute and always remains in limelight. Last year too, it became talk of the town when one of the students grabbed the lucrative offer of Rs. 72 lakh per annum during the campus placement. This year too, the institute is once again in news for same reason. Rocket Fuel, a USA based company that came to the institute for the first time to recruit talent, has offered four students of IIT-Kanpur an annual pay package of $ 1.30 lakh per annum, which was equal to Rs. 70 lakh in Indian currency.

The company, Rocket Fuel was founded in 2008 is one of the fastest growing advertising technology companies in Silicon Valley. It is ranked among the top-25 companies in Forbes' Most Promising Companies in America. The company offers artificial-intelligence advertising solutions that transform digital media buys into self-optimising engines that lean and adapt in real-time, all the time, to exceed advertising goals from awareness to sales.

As per the data provided by the placement department of the institute, Shruti Ranjan, Ashu Pachauri, Rahul Verma and Vamshi Krishna, students of Computer Science Department have received the highest salary packages till so far in this year’s campus placements. All these four students received the offer of Rs. 70 lakh per annum by Rocket Fuel on the first day of the placements on December 1 and will have to relocate in Silicon Valley in USA for the job. Last year, Anurag Awasthi, who was pursuing his B.Tech + M.Tech dual degree from the institute receive the highest pay package among all the IITs in the country. Pocket Gems, a USA based company offered him Rs. 72 lakh per annum as salary.

This year, above 225 students have participated in the placement session. They received offers from companies which came to campus to recruit students. The salary package offered to students range between Rs. 6 lakh to Rs. 70 lakh. The placement office also mentioned that some new companies also visited campus to recruit students. Some of the names were Mitsubishi, Credit Suisse and WorldQuant.

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