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4 Iit-Kanpur Students Turn Down Rs 1 Crore Per Annum Offers


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Posted

KANPUR: Considerations of
professional fulfilment and a desire
to pursue higher studies have
trumped offers of eight-figure
salaries during placements at IIT
Kanpur as four students chose to turn
down jobs which would have paid
them more than Rs 1 crore yearly.
It is not everyday that a job-seeker
turns down a Rs 1 crore offer and the
decision by four of them — three
boys and a girl student — at the
premier technological institute here
is sure to create a flutter, especially
when two of them are said to have
settled for lower salaries in order to
work in profiles which they found to
be more suitable for themselves.
According to the chairman of the IIT-
Kanpur placement cell, Prof Deepu
Philip, the remaining two male
students have opted for higher
studies over signing up to join any
company.

Philip, who refused to divulge the
names of the four students, said that
the offers were made on Wednesday
by a multinational company during
placement interviews on their
campus.
Students at IIT-Kanpur. (Getty Images
file photo)
"The offer to these four students was
for a take home of $150,000, or close
to Rs 93 lakh per annum. Along with
other incentives and perks, the size
of the package was more than Rs 1
crore yearly," Philip told PTI on
Thursday.
"The girl student and one of the boys
declined the offer saying it did not
match their temperament and that
they wanted professional fulfilment
from their jobs. The two have
accepted offers of Rs 50 lakh per
annum from a smaller company.
"The remaining two students said
they want to focus on higher studies
and were, therefore, not keen on
taking up the Rs 1 crore offer," added
Philip. In one of the fattest pay packages
offered to an IITian ever in campus
placements, a student of IIT
Kharagpur was a few days back
offered a whopping annual salary of
over Rs 1.5 crore. IIT authorities
have refused to disclose details
about the student or the company
which made the offer, saying "this
brings unnecessary attention to the
student".
IIT sources claimed that the 1.54
crore offer is the highest-ever
package received by the Kharagpur
unit and among the largest ever in all
IITs.
IIT Kanpur had kicked off its
placement drive on December 1 with
around 1,290 students from BTech,
BTech Dual and MTech courses
registering for the same. The
placement drive will continue till
December 24.

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