IIT pre-placement: Salaries cross Rs 1 crore

NEW DELHI | MUMBAI: The Indian Institutes of Technology (IITs) are seeing a jump of up to 50% in pre-placement offers (PPOs) from the year before. That's good news for students at the premier engineering schools — more of them will now have jobs in hand even before final placements kick off in December. By September last year, IIT Madras had received about 35 PPOs compared with almost 50 this year. IIT Bombay has so far received 123 PPOs, exceeding the 110 it got all of last year. IIT Kanpur has received 90, which is 24 more than the tally by last September. IIT Kharagpur has seen a spurt of almost 55% in PPOs to 142 until now from 92 ast year. "The highest compensation is being given by Facebook so far," said overall placement coordinator Divya Pratap Singh of IIT Kanpur. Singh didn't give details but, based on conversations with those who have got offers and coordinators, it's estimated that the top compensation level is about Rs 1 crore to Rs 1.5 crore per year.