IIT-Kanpur Student bags record Rs 1.5-crore package

A student of IIT-Kanpur has received a job offer of nearly Rs 1.5 crore per annum from Microsoft. He has been selected for a position at headquarter of Microsoft in Redmond and he will design a software, implement it and fix the bugs..As the reported in TOI their sources said this is the highest ever salary offer to a student of IIT-K.Student selected by the microsoft hails from Delhi.
He will get $136000 (Rs 94 lakh) as base pay and $70,000 for relocation, medical and visa charges and stock ownership options. The total package, taking into account annual bonus and joining bonus, works out to nearly Rs1.5 crore. Last year, the highest base pay offered to a student at IIT-K was Rs 93 lakh.
“This is really exciting. Software once again has turned out to be the flavour of the placements,” said selected student to TOI with request of anonymity.
E-commerce firms like Paytm, Ola,Amazon and Uber also visited the campus. Uber, however, hasn’t recruit any student so far.