What's new

21-year-old Delhi student gets Rs 1.25-crore job offer from Uber, will work in San Francisco

Margarita

BANNED
Joined
Oct 25, 2016
Messages
575
Reaction score
-17
Country
India
Location
India
_628f4470-f46d-11e6-800c-c780129a337a.jpg


A student of Delhi Technological University (DTU) has received a job offer with an annual salary of Rs.1.25 crore from United States-based cab-hailing company Uber Technologies.

This is the second-highest offer received by a student at DTU ever. In 2015, software giant Google hired a student for an annual salary of Rs.1.27 crore.

Sidharth, a computer science engineering student, has been offered the position of a software engineer at the San Francisco office of Uber, and the salary includes basic pay and other benefits. Sidharth’s basic pay package is Rs 71 lakh, which goes up to Rs 1.25 crore with other benefits.

Read more
“It was a delight to have received the job offer and I am now looking forward to move to San Francisco,” said Sidharth. An alumnus of Delhi Public School, Vasant Kunj, the 21-year-old said he was looking to travel around the world with the money from his new job.

He described the recruitment process as grilling, where he had to solve problems on the spot.

“I had actually done a seven-week internship with Uber earlier. So this is a pre-placement offer that I have received. Along with me, I think there is someone from one of the IITs,” he said.

The eldest son in the family, Sidharth had scored 95.4% in his Class 12 board examinations, with 98 out of 100 in computer science and mathematics. He says his percentage dipped because of a low score in English.

He later cleared the Joint Entrance Examination (JEE) Main and landed a seat at DTU-- formerly known as Delhi College of Engineering.

“From the beginning, I wanted to do computer science engineering and with my score I was not getting the subject at any of the IITs. Moreover, I love Delhi and did not want to move from here,” he said.

He is the first engineer of the family. His father is a planning consultant and mother a freelance transcriber. He has a younger brother who also studies at DPS Vasant Kunj.

Read more
He said computer science was always of great interest for him.

“I loved playing video games, FIFA series, football and I also manage to play a guitar, though I sing terribly,” he laughed.

Sidharth is not the only success story from DTU as university officials said the quantum of offers made to students was also steadily rising. In the past, students have been offered Rs. 70 lakh per annum by software firm EPIC, Rs.28 lakh by bankers Goldman Sachs and Rs.19 lakh by etailer Amazon.

“We already have 1050 offers from different companies. Around 200 companies have already visited the college and more in the line,” said RS Walia, head of training and placement at DTU.

http://www.hindustantimes.com/delhi...r-from-uber/story-wFPlCDzvOee1W3CNtx9BVM.html
 
this is news, why?
I should be posting here if I get job offers?
 
Good for him.

Such annual amounts are relatively routine for top recruits (college grads at 21-22 years old) at these top companies in the States. I don't think it deserves an entire thread, though...
 
Shall I give a break-up of the offer (1.25 Cr)?

Base Pay $ 110 K (71 L INR)
Relocation + Joining Bonus $20 K : ( 13 L INR)
Gym membership and few other benefits $10 K : (6.5 L INR)
Stock option vested over a period of 3-4 years 50K : ( 34 L INR), yearly vested $12 K

So annual cash is $ 120 K for first year

Not news worthy in SF. Infact given the real estate cost of SF, he will be royally screwed -- Almost no savings. It is comparable to 7-8 L INR in Pune or 10 - 12 L INR in B'lore. Not unheard of in most of IITs / NITs / Good private colleges.
 
Shall I give a break-up of the offer (1.25 Cr)?

Base Pay $ 110 K (71 L INR)
Relocation + Joining Bonus $20 K : ( 13 L INR)
Gym membership and few other benefits $10 K : (6.5 L INR)
Stock option vested over a period of 3-4 years 50K : ( 34 L INR), yearly vested $12 K

So annual cash is $ 120 K for first year

Not news worthy in SF. Infact given the real estate cost of SF, he will be royally screwed -- Almost no savings. It is comparable to 7-8 L INR in Pune or 10 - 12 L INR in B'lore. Not unheard of in most of IITs / NITs / Good private colleges.
Exactly thats below average pay in SFO. Working over there would look good on his resume but lifestyle wise India would be a better option financially.
 
Exactly thats below average pay in SFO. Working over there would look good on his resume but lifestyle wise India would be a better option financially.
The fun-fact is that a number of these company make the offer stock options heavy. This is fundamentally wrong to consider it a face value. 10 Rs now, 10 Rs in 3 years, 10 +/- 6 Rs now and 10 +/- 7 Rs in 2 years are all different and NOT comparable to 10 Rs now at face value.
 
That salary is nothing special if he's working in the US. Very special if he moves back to India on the same salary.
 

Latest posts

Back
Top Bottom