Sidharth Raja, a 21 year old Final year Computer Science Engineering student at DTU, has been offered the position of a software engineer with an annual salary of Rs. 1.25 crore at the San Francisco office of Uber.
According to the HT report, Sidharth, an alumnus of Delhi Public School, Vasant Kunj, has been offered the position of a software engineer at the San Francisco office of Uber. The whopping salary package he has been offered includes basic pay of Rs 71 lakh and benefits, the latter of which take the package to Rs 1.25 crore.
“I am looking forward to grooming my technological skills at Uber before I begin brainstorming on my start-up plan which I see as a long-term goal,” Sidharth said in an interview.
The 22-year-old student’s father works as a consultant while his mother works transcripts speeches as a freelancer.
While this is the second-highest pay package offered to a student from DTU, this is not the first time in the recent past that Uber has offered such a large package to a prospective employee. According to the New Indian Express, in December last year, during the placements in the Indian Institute of Technology Madras, Uber offered an M.tech passout from the varsity an international profile for a pay package of Rs 1.25 crore.
“An average American software-engineer 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.
The demand for Indian engineers was such that tech behemoths went to smaller campuses of tier 1 engineering institutes.
With inputs from Hindustan Times.