ROORKEE: Indian Institute of Technology, Roorkee (IIT-R) has emerged on top of all other IITs this year, with a student of the institute bagging the highest-ever annual cost-to-company offer of Rs 2.15 crore on the first day of the placement drive.
The previous record of the institute was held by a student who bagged a compensation package of Rs 1.5 crore per annum.
Though the institute did not disclose the student's identity, sources say they belonged to the computer science department.
The identity of the company offering the job was not revealed either because of an agreement between the firm and the placement cell.
The placement drive started on December 1 and will continue till December 15 at all IITs. It is being conducted virtually. So far, IIT Bombay and IIT Guwahati have taken second and third place, as the highest annual salary package offered to their students was Rs 2.05 crore and Rs 2 crore, respectively.
IIT-R has received a total of 653 offers, 14 of them being international, from 77 companies till the second day of the placement drive. Three students of the institute bagged domestic salary packages ranging between Rs 1.3 crore and Rs 1.8 crore. Eleven students bagged an annual salary package of Rs 1 crore and above.
Some of the companies participating in this year's placement drive include Accenture, American Express, Flipkart, Zomato, Samsung, Mastercard, Urban Company, and PayPal.
Prof Vinay Sharma, professor and head of the institute's placement and internship cell, said, “The pandemic has brought some directional changes to the placement scenario. We tied up with the best companies in sectors related to artificial intelligence, software, analytics, e-commerce, FMCG, quants, finance, and manufacturing. We focused on core sectors.”
