₹1.25-cr offer for Delhi man matches Silicon Valley pay
SALARY The offer made by Uber to DTU student Sidharth is 4050% more than what is paid to Indian techies working in America
NEW DELHI: A starting salary of ₹1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn.
US-based cab-hailing company Uber Technologies has offered the sum to Sidharth, a computer science student of Delhi Technological University (DTU) and will work as a software engineer in San Francisco.
When converted to dollars, the DTU student’s annual package comes to $1,52,974.
“An average American softwareengineer in the US, gets anything between $1,40,000 to $1,70,000… depending on which school has the graduate passed out from,” said Sanchit Vir Gogia, CEO and chief analyst of Greyhound Research.
However, Sidharth’s salary is still 40% more than the average salary of a techie working in the US on an H1B visa, under which companies hire low-cost software engineers and transfer them to the US for their operations. On an average, an Indian techie earns $ 1,00,000 per annum in the US.
The offshore business model has now come under a cloud after US President Donald Trump’s vow to give jobs back to US citizens. A new US bill is also likely very soon.
Experts also said Indian software engineers in the past have matched and at times surpassed Sidharth’s salary.
In 2015-16, two students from IIT Kharagpur were hired by software giant Google for annual packages of ₹2 crore each. The two, Araknath Pathak and Abhishek Pant, had topped the computer science and engineering department.
In 2015 too, Google had hired a student from DTU for an annual salary of ₹1.27 crore.
In 2014, a student from IIT-BHU was picked up by Google for an annual salary of ₹2.03 crore. The same year, 20-year-old Jaipur girl, Astha Agarwal of IIT Bombay, bagged an offer of ₹2 crore from Facebook.
The year 2014 was remarkable for international recruitments with Facebook, Oracle and Google making at least 40 offers with packages exceeding ₹1 crore to Indian students.
The demand for Indian engineers was such that tech behemoths went to smaller campuses of tier 1 engineering institutes.
Google picked up Krunal Kishorbhai Patel from BITS Pilani’s Goa campus for ₹1.4 crore.