4 IIT-Kanpur students turn down Rs 1 crore salary offers

Two settle for lower salary for a better suited job, two others opt for higher studies

A desire to pursue higher studies and professional fulfilment saw four IIT Kanpur students turn down jobs that would have paid them more than Rs 1 crore yearly. 

The decision of the four students --  three boys and a girl student -- came as a surprise, especially considering that two of them have settled for lower salaries to work in profiles that they think are better suited to themselves.

According to the chairman of the IIT-Kanpur Placement Cell, Deepu Philip, the remaining two male students have opted for higher studies.

Philip, who refused to divulge the names of the four students, said that the offers were made yesterday by a multinational company during placement interviews on their campus.

"The offer to these four students was for a take home of $150,000, or close to Rs 93 lakh per annum. Along with other incentives and perks, the size of the package was more than Rs 1 crore yearly," Philip told PTI.

"The girl student and one of the boys declined the offer saying it did not match their temperament and that they wanted professional fulfilment from their jobs. The two have accepted offers of Rs 50 lakh per annum from a smaller company.

"The remaining two students said they want to focus on higher studies and were, therefore, not keen on taking up the Rs 1 crore offer," added Philip.

In one of the fattest pay packages offered to an IITian ever in campus placements, a student of IIT Kharagpur was offered an annual  salary of over Rs 1.5 crore a few days back. 

While they refused to disclose details of the student, IIT sources claimed that the Rs 1.54 crore offer is the highest ever package received by the Kharagpur unit and among the largest ever in all IITs.

IIT Kanpur had kicked off its placement drive on Dec 1 with around 1,290 students from BTech, BTech Dual and MTech courses registering for the same. The placement drive will continue till Dec 24.