IIIT-Hyderabad student bags Rs 70-lakh job offer.

Anjali Sachdev, a B.Tech graduate in computer science at International Institute of Information Technology (Hyderabad), has bagged a job offer with an annual package of Rs 70 lakh ($1.37 lakh) from a US tech company.

Incidentally, the same company offered a similar package to the institute’s student last year as well.

Shipra Malhortra, who also studied the same course, bagged an offer with annual package of Rs 54 lakh ($1 lakh). A top US firm hired Shipra for its US office.

While these two bagged the top honours, about 280 others got selected in various IT, technology research companies and other sectors. The lowest package this time so far has been Rs 6.5 lakh.

“The placement season is still not over. We still have left a few weeks and some more companies are slotted for interviews. We are confident that we will achieve 100 per cent placements this year as well,” T.V. Devi Prasad, Head (Placements), told Business Line.

New revenue stream

From this season, the institute has begun charging the companies that come for recruitment.

“We have asked them to pay eight per cent of the annual salary of the candidate. They need not pay upfront. They can see the performance of the candidate for six months and pay us after that,” he said.

Prof. Rajeev Sangal, Director of IIIT (Hyderabad), said that the corporates could contribute to the institute for the talent it offers. He, however, said that the fee is not compulsory.

“It is only optional. What we are telling them is that their contribution would help. They can recruit without paying too,” he said.

However, those who pay would be bracketed in the list of companies that would be allowed to come first to the campus.

“We are not very rigid in this. They can also contribute by way of sponsoring a Chair, or trips of students for paper presentation and research support,” Devi Prasad said.