In what is probably the highest-ever offer to a graduate of the National Institutes of Technology (NITs) in the country,a student of Motilal Nehru National Institute of Technology (MNNIT) has bagged an annual package of almost Rs 1.30 crore from social networking company Facebook.
The NITs were earlier known as regional engineering colleges.
The student,whose identity has been withheld by the Institute after he expressed concerns over his security,is in the eighth semester of B.Tech (Electronics). He hails from Kanpur and comes from a middle class background.
The MNNIT authorities attributed the success to the students own brilliance and some support provided by MNNITs revamped placement cell. They claimed that the Facebook offer was dream come true for him.
Director,MNNIT,P Chakrabarti said: There are several students in our institutes who are very sharp and show sparks of brilliance. Many students help the institute to develop its own indigenous software. This student,too,was part of a couple of such endeavours.
The process began with an email and after going through nine rounds of telephonic interviews,he got the appointment letter on March 27, said press relation officer,MNIIT,Dr Tanuj Nandan.
The recruitment process at the institute began last year in October.
Nandan said before this,a student in NIT Karnataka was offered Rs 70 lakh per annum from Facebook.
This students package is $ 2,62,500 annually. At current rates,it is around Rs 1.30 crore per annum, said Nandan.
The student will begin his assignment as software engineer in California from October later this year,he added.
Nandan,who has taught this student,recalled that although the student used to maintain a quiet disposition,he displayed great ability.
He had gone for a project with a company that is well-known abroad but is new to India. The company was so impressed with him that it came for campus placements for the first time to our institute. The company made a good offer to this person as well. I am sure the company will return to the campus again,thanks to him.
Nearly 30 other students of the institute have got packages of around Rs 10 lakh per annum from various firms.