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Microsoft increases pay package to IIT Madras students

17 companies make 99 offers on session one of placement.

CHENNAI: The software giant Microsoft, one of the regular recruiters at IIT Madras, has increased its pay package up to 40% compared to last year for the students selected at the campus placements on day one here. The company, along with Uber, Rubrik and Indeed, had made 9 international offers in the first session of placement season which began on Friday.

Citing a policy decision of IIT Madras, the placement officials have refused to reveal the pay package details. A majority of students who got placed on day one were from computer science engineering and electrical engineering branches. After removing the ‘graveyard session’ which usually begins at midnight on December 1, the Training and Placement Cell had accommodated those companies on the first session which was held from 7 am to 2 pm.

The first session witnessed participation of 16 companies including Apple, Microsoft, The Boston Consulting Group, Texas Instruments, Goldman Sachs, Samsung Research and IBM Research. These companies have made 93 offers to the students. ISRO had already done campus interviews and made 6 offers thereby taking the tally to 99 offers at the first session. Last year 71 offers were made in the session.

The details of offers from Apple Inc were not released due to the confidentiality agreement. “We can confirm that they made offers in the first session of day one”, officials said. Due to the special effort put in by the placement team, the number of companies interested in post-graduate and PhD scholars has witnessed an increase.

In the second slot which started at 4 pm, 14 companies including Airbus Group India, Flipkart, Oracle, Samsung R&D, and Qualcomm participated. More than 1,100 students are registered for placement this year from IIT Madras. In phase one, more than 400 job profiles will be offered by 280 companies. The first phase concludes on December 10.

( Source : Deccan Chronicle. )
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