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Published on Jan 10, 2012
The Indian Institute of Technology Kharagpur (Hindi: भारतीय प्रौद्योगिकी संस्थान,खड़गपुर) (IIT Kharagpur or IIT KGP) is an autonomous engineering, technology and management oriented institute of higher education established by the government of India in 1951. The first of the IITs to be established, it is recognised as an Institute of National Importance by the government of India. The international placements began in 2006.IIT Kharagpur's Vinod Gupta School of Management (VGSOM) had completed Vantage 2008, its annual recruitment programme, on a high note with a 30% increase in the average salary levels offered to the 121-strong batch, reports Sreeradha D Basu in Kolkata.According to IT magazine Dataquest's annual survey, IIT Kharagpur is the second best technology college in terms of placement in India. This huge jump can be attributed to the fact that it is the first time in IIT Kharagpur's history that students have been allowed to take up foreign placements by companies. "We, in fact, had a documented policy of not allowing foreign placements. This was overturned last year," GS Sinha, former IIT Kgp's placement in-charge, said. "Since all the other IITs were already allowing this, we wanted it to happen at IIT-Kharagpur as well," he added. "Since we got the permission a bit late last year, the kind of active marketing that was required did not happen. This year, we plan to plug into our alumni network and scale up the process in a much bigger way," said Prof Sinha. The top domestic compensation in 2008 came in at Rs 18 lakh per annum. In 2011 batch, Goldman Sachs recruited 10 students on a package of Rs. 26 lakhs per annum. Barclays Capital recruited 11 students with a package of US $55,000(Rs.22 lacs./annum) in December 2009. The highest salary offered till now is Rs 1.7 crore by social networking site Facebook in an off-shore recruitment (of which ESOPs were offered valued at 1 crore). The 2010 batch of B.Tech students saw 94% placements while the remaining preferred IIMs or entrepreneurship.Deutsche Bank recruited 9 students on a package of 0.15 crore (US$28,500) lakhs per annum.For 2012 batch, Facebook has made the highest offer US$150,000 to four students.Ranked 2nd in India ,in terms of placement.