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Four IIT-Kanpur Students Turn Down Rs 1 Crore Salary Offers
by Seva Lamberdar Thu Dec 04, 2014 11:25 am
Kanpur: A desire for pursuing higher studies and professional fulfilment made four IIT-Kanpur students turn eight-figure salaries.
The decision of four students - three boys and a girl - came as a big surprise, especially when two of them settled for lower salaries to work in profiles which they found to be more suitable.
According to the chairman of the IIT-Kanpur placement cell, Prof Deepu Philip, the remaining two students have opted for higher studies over joining any company.
Mr Philip, who refused to divulge the names of the four students, said the offers were made on Wednesday by a multinational company during placement interviews.
"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," Mr Philip said.
"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 Mr Philip.
IIT-Kanpur kicked off its placement drive on December 1 and the placement drive will continue till December 24.
In one of the fattest pay packages offered to an IITian ever in campus placements, a student of IIT Kharagpur a few days back bagged a whopping annual salary of over Rs. 1.5 crore. IIT Kharagpur authorities have refused to disclose details about the student or the company which made the offer, saying "this brings unnecessary attention to the student".
http://profit.ndtv.com/news/careers/article-four-iit-kanpur-students-turn-down-rs-1-crore-salary-offers-708507
The decision of four students - three boys and a girl - came as a big surprise, especially when two of them settled for lower salaries to work in profiles which they found to be more suitable.
According to the chairman of the IIT-Kanpur placement cell, Prof Deepu Philip, the remaining two students have opted for higher studies over joining any company.
Mr Philip, who refused to divulge the names of the four students, said the offers were made on Wednesday by a multinational company during placement interviews.
"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," Mr Philip said.
"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 Mr Philip.
IIT-Kanpur kicked off its placement drive on December 1 and the placement drive will continue till December 24.
In one of the fattest pay packages offered to an IITian ever in campus placements, a student of IIT Kharagpur a few days back bagged a whopping annual salary of over Rs. 1.5 crore. IIT Kharagpur authorities have refused to disclose details about the student or the company which made the offer, saying "this brings unnecessary attention to the student".
http://profit.ndtv.com/news/careers/article-four-iit-kanpur-students-turn-down-rs-1-crore-salary-offers-708507
Seva Lamberdar- Posts : 6594
Join date : 2012-11-29 -
Re: Four IIT-Kanpur Students Turn Down Rs 1 Crore Salary Offers
by Marathadi-Saamiyaar Thu Dec 04, 2014 12:01 pm
The fact that this is news in itself is sad. In earlier days, half the class (at least) did not even bother to search for jobs but went straight for higher studies (of course, jobs with great pay were non-existent).
This is like "man stops and helps stranger with luggage" news.
This is like "man stops and helps stranger with luggage" news.
Marathadi-Saamiyaar- Posts : 17675
Join date : 2011-04-30
Age : 110
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