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At IITs, placements trump slowdown as corporate biggies like Amazon, Schlumberger, IBM and ITC pour in good offers - The Economic Times: "The Indian Institutes of Technology (IITs) recorded a 10-20% jump in salaries at the final placement offers for students at Madras, Kharagpur, Bombay, Delhi, Guwahati and Roorkee. The top offer thus far is an annual package of Rs 75 lakh ($150,000) from social networking platform Facebook.

A close second is US-based mobile gaming start-up Pocket Gems' Rs 69.8 lakh ($135,000), followed by global miner Rio Tinto's Rs 36 lakh and Japanese consumer electronic major Sony Corp's Rs 30 lakh. Facebook has also made two offers of Rs 67.2 lakh ($130,000) and six offers of Rs 64.7 lakh ($125,000) across the IITs.

"The year definitely looks great. There is a lot of demand for students, especially from companies that want to train them to be global leaders in research and development. Salaries, too, have gone up 10-20%. The way the process has started, we don't see any market sentiment impacting it," said N Ramesh Babu, professor and placement advisor at IIT-Madras. "

'via Blog this'