IIT, IIM students get more than double the salary than other grads: Report

Candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs

As employers look for quality talent, engineering graduates from top IITs are fetching 137 per cent higher salary package than an average engineer, while management graduates from top IIMs are getting 121 per cent more than an average MBA graduate, according to a report.

In IITs, computer science or information technology graduates are receiving the highest annual package of Rs 6.9 lakh per annum, global online talent measurement solution provider Mettl said in its campus hiring report 2018.

The report said candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs.

"New IITs are catching up fast with top NITs in terms of compensation packages offered, especially for CS or IT graduates where new IITs have surpassed top NITs," it said.

In a region-wise analysis of management institutions, the report observed that west India held a leading position with 17 per cent higher compensations than the average salary recorded.

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The report is the result of a survey conducted by Mettl across 194 institutes in the country, comprising 114 engineering and 80 management institutions, during January to June period, for placement for FY 2017-18.

It said graduates from the technology domain received the higher average salary package of Rs 14.8 lakh per annum post MBA.

The general management roles accounted for the maximum number of hires at 31 per cent, while roles in senior management were the highest paid jobs commanding 118 per cent more than the average salary of MBA graduates, it added.

Mettl chief executive and co-founder Ketan Kapoor said in the present age, there is a rise in demand for skilled candidates across all domains and employers have taken the campus route to attract quality talent to meet this demand.

"However, employers face many challenges during campus placement drives. From early attrition to inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders," he added.

Article Source : BS

1000 students get jobs in 10 days at IIT-Kgp

A record number of over 1000 IIT Kharagpur students have bagged lucrative IIT Jobs in just ten days of the first phase of placement season, officials said today. 

The total number of offers extended has crossed 1100 across engineering, management and human resources departments ever since placements began on December 1. 

“We took 20 days to hit this milestone last year. We have been able to reach this target early primarily because of the increase in the number of students being hired by organisations that have been visiting our campus over the years,” Atal Ashutosh Agarwal, Vice-President, Technology Students’ Gymkhana of the IIT, said. 

He said it is a testament to the fact that IIT-Kgp students are currently regarded as the most employable across the country. 

Prof Sudhirkumar Barai, chairman of the career development centre at the IIT, said jobs in core engineering has been the trend this year. 

“Core, not crore is the mantra for placements for this year,” he said. 

With ten more days to go for the first phase of campus placements, organisations like Larsen & Toubro, Deloitte, Capgemini, Blackrock, Evalueserve and Coal India are scheduled to visit the campus. 

An official of Business process outsourcing firm Sitel, who made 11 offers, said, “Visiting on Day 8, we were able to find exceptional students for both our profiles, this happens to be the best graduating talent pool we have come across”. 

Recently an IIT-Kgp student had disclosed directly before the media that he bagged an annual package of Rs 2 crore from Google after finishing internship.

The IITs have already decided not to reveal any pay package figures from this placement season following complaints of peer and parental pressure on students.