NITIE graduate bags $85-k offer
NITIE’s placements are over and winners have been declared. This year, Olam International made the highest offer, second time in a row, at $85,000 compared to $76,550 last year.
By Ambika Naithani, TNN |
MUMBAI: NITIE���s placements are over and winners have been declared. This year, Olam International made the highest offer, second time in a row, at $85,000 compared to $76,550 last year.
Ajit UK, a mechanical engineer with no prior work experience, is excited about the offer. ���I���m interested in the sales and marketing function and have communicated the same to the company,��� he says.
The highest domestic offer this year stood at Rs 12 lakh made by TSMG compared to Rs 12.5 lakh offered by Eicher Consulting Services last year. The reason for the drop, says Ashok Pundir, associate dean (placements), NITIE, is that till last year there were students with work experience of 4-5 years, which this year, is only up to 3 years.
���While there has been a drop in highest domestic salary, the average salary is up by 15% compared to the last year,��� he adds. More than 10% of the batch has been offered over Rs 10 lakh from ICICI Bank (20), Cognizant Technology Solutions (20), ICICI Prudential (17), Kotak Mahindra (16) and IBM (11).
A chunk of the batch (36%) was recruited by the banking and financial services sector, followed by IT and system companies. The profile of companies have changed over the years, with mostly banking and financial services companies coming in this time.
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First-timers at the campus this year were Irevena, Kotak Mahindra Bank and Tholons, to name a few. There were 77 companies in all that visited the campus, of which 45 made offers. The job offers went up from 2.26 last year to 2.30 this year. There were a range of companies like HLL, P&G, ITC, Nestle, ICICI, Citibank, HDFC, Tata Consultancy Services and Oracle.Start a SIP with as low as ₹500 with ET Money App!
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