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Internet giants come calling to IITs with fancy offers

MUMBAI: Three giants of the internet - Facebook, Microsoft and Google - landed at the Indian Institutes of Technology this year to pick the brightest brains to power their headquarters. Facebook, which picked one student last year, was seen at all IIT campuses, from Bombay to Guwahati to Madras. It paid the highest salary - $140,000 (about Rs 72 lakh) per annum - apart from a relocation bonus and a one-time signing amount. It appeared as if the placement process at the IITs was insulated from the worlds crippled economy. Microsoft, for the first time, had come to hire IITians for its Redmond headquarters. Google picked engineers for both their India (with salary packages nearing Rs 20 lakh) and global offices. Also, big consulting firms that had gone quiet during the slowdown returned to the IITs to pick a large contingent of students. Campuses were abuzz with students rushing from one department to another for interviews that were held back-toback. At IIT-B, close to 150 rooms were converted to placement chambers for corporations such as Goldman Sachs, Booz and Company, Boston Consulting Group, Schlumberger, ANZ Bank, Credit Suisse and Sony Corporation. The top brand slot is a lot more crowded this year, said IIT-B placement head Ravi Sinha.

                                                                                                               
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