IIT students turn down $125,000 offers for domestic firms

NEW DELHI: Domestic offers seem to be gaining traction among some IIT Delhi students, who have turned down international offers with over $125,000 per annum packages to work within the home country.
As per details of the annual placement drive shared by the premier engineering institute in Delhi, the first six days of placements have seen a 30 per cent increase in the total number of campus offers by companies this year.
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Nearly 50 per cent of the batch got jobs during this period, said a statement issued on Monday by IIT Delhi. "Some students rejected international offers including those with over $125,000 per annum as base pay this year opting to accept offers from either the company's counterparts in India or other firms with domestic offers on campus," it said.
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A number of technology companies showed up in the first week rolling out high packages of over $100,000 per annum as base pay for international positions.
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A few core companies also rolled out international offers. Many Japanese companies visited the campus in the first week to recruit students. However, most of the offers have been for India with an overall increase in average packages for domestic profiles for the first week in the range 20-30 per cent, the statement said.