AHMEDABAD: Companies may be tightening their belts to survive in a shrinking economy , but some of them seem to be ready to dig deep into t...
AHMEDABAD: Companies may be tightening their belts to survive in a shrinking economy, but some of them seem to be ready to dig deep into their pockets to recruit talent. Ahmedabad student Smit Sanghvi has bagged an annual salary package of USD 1,15,000 (Rs 93 lakh) plus 125 stock options from Google, US. This is arguably the highest offer ever that an engineering student from Gujarat has bagged.
A final year student of information and communication technology from Dhirubhai Ambani Institute of Information and Communication Technology (DAIICT), Sanghvi preferred the company's headquarters at Mountain View, California for his posting. He says he was not counting on the massive offer given the economic gloom all around. "It is a dream job. All the questions were technical but open-ended, which gave me room to present my skills to the interviewers," said Sanghvi.
A maths-lover since childhood, he plans to prepare for his job until his joining in October 2014. "I will certainly hang out with friends after my final exams but I do not want to lose touch with my technical side," said Sanghvi, who attributes his achievement to support from the institute and his family, especially his elder brother, also an engineer.
Only two months into the placement season, DAIICT has already placed 83 students with 19 of them being offered an annual package of Rs 10 lakh and above. For India placements, the highest salary offered stood at Rs 19.5 lakh annually and the average pay offered is Rs 7.3 lakh.
"Seven of my students were selected for the final round for Google placements and they were very enthusiastic about working with the company. I am happy that one of them has converted the enthusiasm into a job," said S C Sahasrabudhe, director of DAIICT.
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