Crore-plus packages back at IIT-M but Google not offering the highest

After a gap of three years, crore-plus salaries are once again back at theIndian Institute of Technology, Madras (IIT-M).

Two B.Tech (final year-computer science engineering) students at the premier institute gotoffers of $210,000 (Rs 1.31 crore) each for international roles at a US-based company.

The dollar package has risen 40 percent from $150,000, whiledomestic offer this year increased by nearly 70 percent to Rs 48.6 lakh a year against Rs 28.8 lakh last year, according to Lt Col (Retd.) Jayakumar, Deputy Registrar (Students and Placement), IIT-M.

While Google offered packages of Rs 92 lakh to three students, a report in _ The Times of India s_aid Oracle topped the list with the crore-plus packages.

Samsung Electronics, Epic, Microsoft India R&D, Oracle, LinkedIn, Deutsche Bank, ITC, and Google were some of the companies that visited the campus.

About 100 students got placed in 25 multinational companies on day one of this year’s placementseason which began Sunday. Last year, 22 companies recruited 95 students on Day One. As many as 1,366 students had registered for placement this year whereas it was 1,282 last year.

According to a report in The Times of India Microsoft and Google are likely to unveil compensation packages of around $110,000 (Rs 68 lakh) to shortlisted candidates at IIT-Bombay. Google has offered $120,000 (Rs 74.8 lakh) at IIT-Guwahati.

Google US also offered the highest pay ofaround Rs 93 lakh at IITKharagpur.

Across IITs, the top offers have come in from the likes of Schlumberger, Mitsubishi, Apple and Oracle, and Indian start-ups such as Zomato.