This year’s placement season has already brought some cheer to a few engineers and at the same time disappointed quite a lot. Last year’s placement round saw Internet tech giants like Facebook and Google making big lucrative deals at the country’s premier institute IIT but this year the companies have chosen candidates from Indian Institute of Information Technology, Allahabad (IIIT-A) instead.
According to reports from TNN, two students from the final year BTech, IIIT-A have bagged lucrative job offers of Rs 60 lakh per annum from social networking giant Facebook, while another student has been chosen as student ambassador of search giant Google.
Revealing more about the placement, IIIT-A director M D Tiwari added that, “Ankit Gupta and Yogesh Sharma, both final year students of BTech, have been recruited by Facebook while their batch mate Divanshu Garg has been chosen as the Google student ambassador to represent Indian Institute of Information Technology, Allahabad for the upcoming academic year.”
According to the director, IIIT-A has already witnessed 100 percent placement for the 2012-13 season with companies Microsoft, Walmart, Yahoo, Amazon, Facebook, Verizon, among others visiting the campus for recruitment. “Hundred percent of BTech students have been placed by nearly dozen of companies with more than 70% of the students getting starting package of Rs 5.5 lakh per annum and the highest package ranging to Rs 60 lakh per annum,” added the director.
Definitely it is a big news for IIIT-A but what is interesting to note here is that Facebook which made lucrative offers to students last year at IIT has not even registered for placements at any of the IITs. While there has been no slow down in companies visiting IITs considering the global slow down like 210 companies have registered at IIT-B this year but Facebook has decided to stay away.
In fact the most prized offer in last year’s placement season was bagged by Uday Jalan, a student of BTech final at Motilal Nehru National Institute of Technology (MNNIT), Allahabad. He was hired by Facebook at a whopping pay package of Rs 1.33 crore per annum. At the same time another student from NIT, Suratkal was also recruited by Facebook at a pay package of around Rs 1 crore per annum.
The buzz that is doing the rounds in the IIT campuses on Facebook’s behavior is that the social networking firm has fulfilled its entire requirement from last years recruitment and the decision to not hire is not restricted to Indian institutes. While Facebook has not commented on ignoring IITs it looks like the social networking giant is now looking for talent in the country apart from the big brands.