Monday, December 20, 2010

Facebook offer 70 Lakh job to an IIT student

Calcutta: In a new round of placement, the social networking giant Facebook has offered a package of 70-lakh per annum to a IIT-Kharagpur student. The offer which is a record in IIT Kharagpur's history, was made on the first day of placement to a student who gives his name as DKS, who does not want his full name to be revealed. He revealed that he has received a 'join-us' post from the website. He is to graduate from the school of computer science and engineering at IIT-Kharagpur in 2011. The offer is three times higher than last year's top offer from Barclays. This was made for an offshore placement, mostly in the U.S.Officials revealed that Facebook's offer letter includes a starting salary of $90,000, a relocation bonus of $10,000 and a one-time signing amount of $25,000, although many suggested that the entire offer translates to about Rs 1.7 crore.This high offer has created a buzz on the IIT campuses and the IIT students hope that this year's placement will be better than the previous two years which were affected by the global economic downturn. Interviews are being held in the IIT campuses across India. Facebook has already shortlisted 10 students from IIT-Madras. Close to 30 students were placed from IIT-B on Friday. Many companies like Transocean, Tower Research, Goldman Sachs, Bank of American, Deutsche Bank, Citibank and Capital One have made some important placements from the IIT campuses offering hefty pay packages.

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