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 over Rs 1.25 crore from social networking company Facebook.
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.
Director of 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.
This students package is $ 2,62,500 annually. At current rates,it is around Rs 1.30 crore per annum, said PRO Dr Tanuj Nandan. The student will begin his assignment as software engineer in California from October later this year,he added.