Rs 1.5 crore a year! That’s the salary Microsoft just offered an IIT Kanpur student

With placement season in full swing and MNCs offering record breaking salary packages, a student of the Indian Institute of Technology (IIT), Kanpur has been offered a job offer of nearly Rs 1.5 crore per annum with Microsoft.
Amidst threats of Donald Trump shutting down outsourcing business in the US, this comes as a major surprise. The student who got selected for the job hails from Delhi. The student has been offered a position at Microsoft's headquarters in Redmond. His KRAs would include designing a software, implementing it and fixing the bugs.

He will get $136000 (Rs 94 lakh) as base pay and $70,000 for relocation, medical and visa charges and stock ownership options, according to The Times of India. The total package, taking into account annual bonus and joining bonus, works out to nearly Rs1.5 crore. Last year, the highest base pay offered to a student at IIT-K was Rs 93 lakh.

The Kanpur campus of India’s premier engineering institute has nearly 200 companies listed for placements this year compared to around 280 which flocked the campus last year.

This year, sources told the newspaper, companies that provide technology for reservoir characterisation, drilling, production and processing to the oil and natural gas industry are missing. Both Transocean and Schlumberger, which were seen on the campus during placements till last year, are absent this year. Placements are seeing an increase in trading firms. Amsterdam-based Flow Traders walked in for the first time.

E-commerce firms like Amazon, Paytm, Ola and Uber also visited the campus. Uber, however, is yet to hire anyone from the campus.