Facebook Offers 45 Lakh Per Annum to a Fresher

By SiliconIndia  |   Tuesday, 30 August 2011, 10:32 Hrs   |    27 Comments
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Facebook Offers Rs. 45 Lakh Per Annum to a Fresher
Hyderabad: How about a starting salary of 45 lakh (1 lakh $US) per annum for a fresher? Yes! Facebook has signed a final year computer student of the prestigious NIT Warangal for the incredible offer, reports Nikhila Henry of Times of India.

The 21 year old B.Tech student will be joining the technical wing of the Social Networking Company soon after completing his Graduation in March 2012, the institute confirmed.

The 45 lakh offer by Facebook is a record of sorts for the NIT as the highest pay the institute had seen over the years for its freshers was 20 lakh per annum. While it is not uncommon in the West to find freshers offered such a huge salary, in India it is rare.

NIT Warangal is one of the oldest NITs in the country and is well known for its quality education and bright graduates in the IT and Computer fields. Major IT companies have already hired around 30 students from the institute.

In a campus recruitment drive which started on August 15, leading companies like Wipro, Microsoft, Google, Oracle and Amazon have hired many students from the Institute for packages between 5 lakh and 12 lakh per annum. However, the Facebook offer has set a bench mark for the 50-year old institute.

Many IT companies are ready to pay high for students who do well in the first or second interview. However the companies who come later could offer even higher, an NIT official said. We need wait and see what the salary trend this year is, he added.

The officials at the institute also said the recruitment process of the NIT will continue till March next year.

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Posted by:DyanJoaquin - 07 Oct, 2011
6: The question is: how can you do. It is very important to get a distinct segment marketplace that you are eager to market it their products.
Posted by:DirkOma - 04 Oct, 2011
7: IT industry is a quick changing one, when someone else creates something exciting then people says that is mega.
i dont know what good these companies like facebook and twitter do to people?
look at the great mathematician Ramanujan,before going to Britain he was at ridiculously low salary. British mathematicians say he was on par with ISSAC NEWTON in math.he died at very young age

how much does facebook give him if he is studies at the same NIT now?
may be 12 crore per annum
Posted by:ravikumar - 11 Sep, 2011
8: Firstly, my hearty congratulations to the person. Indian education has always been world class and very well recognized else where. This adds another feather in the cap.

Though IIT's couldn't make it this year to the top 50's technological uni's around the world, this might very well send a message that these NIT's are also in the queue.

This is should be taken as a motivating factor by the other individuals who are pursuing their degree. Irrespective of which college you go, which course you study, ultimately its YOU, who decide where to see yourself

Cheers,
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Posted by:B Jose Fatti Raaj - 05 Sep, 2011
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Posted by:kuldeep - 04 Sep, 2011
10: This only shows how cheap the Rupee has become...
Posted by:venkatesh - 01 Sep, 2011
11: Readers comments should reflect real spirit behind this. Facebook must have seen something different talent in this youngster and paid accordingly. One can't compare if they are paying INR 45 lacs in NIT, warangal they should pay in same range to students in other institutions.Package at times must be earned and will not come always with tag of IIT, NIT , BITS etc., My heartiest greetings to this young professional and for the NIT faculty for grooming such talents.
Posted by:Dudagonda Hara Kumar Reddy, Senegal - 01 Sep, 2011
12: Since his package is highest from NIT Waranagal, one has to appreciate his achievement. We are pretty sure that it's not too great but it is something appreciable.
Posted by:Srikanth - 31 Aug, 2011
13: Hello
This is really a remarkable achievement for the institute. I am B.tech student form Jamia Hamdard delhi.
Higher companies judge you on the basis of true potential. They see how much you know as a techie.
So guys its not about uploading pics on fb or making continuous wall posts, rather its about going in depth about how things work and extensive coding.
Posted by:Mayank Bisht - 31 Aug, 2011
14: Market biggies only knows that brains cooks well in nationalized institutions....

however Kudos....to NIT Warangal
Posted by:Yedhukrishna Menon - 31 Aug, 2011
15: This is not a NEWS !

Facebook is paying him too less.

Last year only Facebook paid 72 lakh per annum to a B.Tech from IIT Kharagpur. Why Facebook didn't pay him 72 lakh to this NIT guy?
Anyway congrats to this guy!
Kudos bro..!
Posted by:A Hansda - 31 Aug, 2011
16: Kudos to NIT - Warangal technical faculty
Posted by:Praveen Kumar - 31 Aug, 2011
17: ok fine,
But why are they giving him such a high package what on the face of this earth they can do others cant ?
I want specific answers
By the way happy eid :)
Posted by:hakuna - 31 Aug, 2011
18:
they travel in the speed of light at 300,000 km/s which Einstein himself ruled impossible.we dont travel in that speed mate
this crap facebook ,twitter etc only like those people,those companies want quick money
ravikumar Replied to: hakuna - 11 Sep, 2011
19:
Why doesn't every one create a FACEBOOK ?!

It's the Business Thinking and the Technical Attitude which differentiate us from these high paid techies.



Else everybody would have created GOOGLE.

Everybody have different way of thinking to a single problem and who comes out with an innovative solution giants like Facebook pay them more and more.
A Hansda Replied to: hakuna - 31 Aug, 2011
20: Now people will know about Andhra Pradesh software.Few months back ,there is roar that AP people are fake etc etc. This news make them to shut their mouths.
Posted by:THE Truth - 31 Aug, 2011
21: That's great people should be happy for him........
Posted by:Firefox - 31 Aug, 2011
22: Yes, I also feel that he must have been picked for Facebook USA. It would be 100,000 USD which is still understandable. In India, how can they pay this much. If they him this much in India, then they would need to pay other also same to maintain parity.
Posted by:Amrita - 30 Aug, 2011
23: This is good. However why are they paying 45L. FB is not yet a profitable venture, only its valuation is high.
Posted by:sekhar - 30 Aug, 2011
24: Thats cool. Indian educational institutions are gaining the charm and picking up the heat now.

http://nareshit.blogspot.com
Posted by:Naresh - 30 Aug, 2011
25:
ur true naresh...seems india'll glow with its education flames
chand Replied to: Naresh - 02 Sep, 2011
26: What is so special about them ? Have teh NITK Surathkal proved the worth in FB? This high offer will isolate them and put tremendous stress on them. They may suffer in numerous ways psychologically at later part.
Posted by:jai - 30 Aug, 2011
27: This is not new. FB came to our college (NITK Surathkal) as well and took 2 final year comp. engg. students last month for 52 lakh per annum.
Posted by:Ajay - 30 Aug, 2011
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