Salary packages, overseas offers soar at IITs

Final placements see Microsoft offering Rs 1.39-cr package

Annual compensation packages, led by Microsoft's offer of $214,600 (Rs 1.39 crore), and overseas offers have risen substantially over a year during final placements at the Indian Institutes of Technology (IITs).

Apart from Microsoft, which offered more than Rs 1 crore for an overseas job, companies such as Yahoo! Japan and NEC Japan made offers of over 4.7 million yen (or Rs 27 lakh) and 4.57 million yen (Rs 26.15) at IIT-Bombay.

Some of the highest domestic packages this year were Rs 45 lakh by Blackstone, Worldquant's Rs 39.60 lakh and Rs 39 lakh by Microsoft.

International offers rose from 10 last year