IIT placements- rich story

Salaries up 10% for this year's IIT placements - The Times of India: "MUMBAI: Placements at the Indian Institutes of Technology seem to have been insulated from the global economic slowdown. Companies like Facebook, Samsung and Google and other foreign majors began Day One of recruitments across IIT campuses, offering about 5-10% higher salaries than last year.

It is projected that by the end of slot zero, 150 students on each campus will be hired. Average domestic salaries were in the mid-Rs 20 lakh range on the first day. But Facebook continued as most aggressive suitor this year too, making its presence felt at IIT campuses from Bombay to Guwahati to Madras. It has offered $136,000 (Rs 75 lakh) per annum to a student from IIT Guwahati —besides a plum relocation bonus and one-time signing amount. Twitter is not far behind with a gross salary offered of $110,000, artificial advertising solutions provider Rocketfuel is also close. Algorithmic trading firm Jump Trading is keen to hire staff for its UK office and offered £70,000 as gross salary. "

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