IIT Placements: ₹1 Crore+ Offers & Big Tech Bids

As the hiring season commences at the Indian Institutes of Technology, leading quant firms and tech giants are presenting lucrative offers, with some exceeding ₹1 crore. These compensation packages are often bundled with incentives like joining bonuses, restricted stock units (RSUs), and clawback provisions designed to ensure employee retention and commitment. This strategic approach aims to counter the increasing difficulty in retaining top-tier engineering talent.

Companies are increasingly incorporating retention tools such as sign-on bonuses, financial clawbacks, and generous employee stock options (Esops). High-frequency trading firms, along with AI-focused companies, are actively competing for graduates. Even established players like Texas Instruments are offering RSUs with multi-year vesting periods, emphasizing a broader industry trend towards incentivizing long-term engagement.

To mitigate attrition, specific clawback clauses are being integrated into contracts, requiring employees to repay bonuses if they leave within a stipulated period. This practice, alongside deferred payments and training cost recovery, aims to secure employee loyalty. These measures reflect a strategic effort by organizations to retain intellectual capital and maximize the value derived from their investments in talent.