Annual campus recruitment programs in the IITs – the premier educational institute of India got a big bump when Facebook offered one of its students a Rs 70 Lakh job offer. The student in question, who gives his name as DKS — he is to graduate from the school of computer science and engineering at IIT-Kharagpur in 2011 and doesn’t want his full name to be revealed — has received a ‘‘ join-us’’ post from the website.
On the offer letter, officials from IIT-Kharagpur said Facebook offered a starting salary of $90,000, a relocation bonus of $10,000 and a one-time signing amount of $25,000 to the 21-year-old from Jamshedpur. But on the Kharagpur campus , students said DKS had also been offered ESOPs and the entire offer translates to about Rs 1.7 crore.
This news comes as a testimony to the change of power in the world. Internet industry is quickly becoming the most lucrative one and taking precedence. A few years ago, it would sound insane for anyone to work for a website, let alone a social networking site. But internet entrepreneurs have transformed the internet into an amazing medium which has the powers to change the global economy.
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