Kaun banega crorepati at IITs from Sunday

KOLKATA/NEW DELHI: Salesforce, Microsoft, Cohesity and Uber are set to offer crore-plus pay packages for the cream of engineering talent at Indian Institutes of Technology, where the final placements start this Sunday.Only two companies, Microsoft and Uber, had offered compensation packages in excess of Rs 1 crore last year.“Despite all the talk about a slowdown, it is shaping up to be a strong placement season. There are more companies this year offering big salary packages,” said a placement coordinator at an IIT.Salesforce is likely to emerge the top paymaster for the Class of 2020, as it has lined up offers of around Rs 1.8 crore (including variable pay and stock options) for software developer roles, IIT placement officials said. The American cloud-based software company is so far offering this international profile only at IIT-Madras and IIT-Bombay, they said.Microsoft, which had made the biggest offer in the past three years, is offering about Rs 1.54 crore ($214,600) for roles in the US, the officials said. This package comprises a base salary of $108,000, performance bonus of $21,600, joining bonus of $15,000 and restricted stock units worth $70,000.Microsoft had offered the same top package in the past two years as well. A Day-One recruiter on IIT campuses, it will hire for international and domestic positions.San Jose-headquartered privately held information technology company Cohesity and cab aggregator Uber also have lined up offers worth more than Rs 1 crore for jobs in the US. Uber’s offer remains unchanged from last year.Making its debut at the premier engineering colleges is Clumio, a startup which is offering a package of Rs 89.5 lakh ($125,000), said placement sources.Microsoft, Salesforce, Uber and Cohesity did not reply to emails sent by ET. Clumio couldn’t be reached for comment.Most of these companies are looking at hiring fresh graduates for software development profiles.Some of the pre-placement offers are likely to be converted into international offers during the final placements.ET had reported last Saturday that preplacement offers at both old and new IITs had outnumbered last year’s numbers by an average of 19-24%, in an indication that the top tech colleges are largely insulated from the economic slowdown. At National Institutes of Technology, too, final-year students have got more job offers and better pay packages in the ongoing final placement season.

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