IT companies hot pick among engineering, B-school graduates
IT sector’s return to gains is making more students opting for a career in this sector.
By Peerzada Abrar & PP Thimmaya, ET Bureau |
BANGALORE: Technology is back with a bang on the campuses. IT firms are again a hot favourite among engineering and B-school graduates and firms are not far behind in wooing them with higher salary packages.
For example, IBM, which paid Rs 7-8 lakh IIT graduates last year, doubled it to Rs 14-15 lakh this year, according to a student selected under the tech giant’s ‘Blue Scholar’ programme but didn’t wish to be identified.
Tech bellwether Infosys Technologies , which has given 450 offers to B-schools , is offering a package of Rs 11 lakh per annum to IIM graduates while it has hiked compensation for incoming engineering students to Rs 3.25 lakh per annum as against Rs 3 lakh last year. Infosys is planning to make 15,000 offers to engineering students for FY11.
Not just IBM or Infosys, but other tech majors like Microsoft, IBM, Accenture, HP, SAP, Amazon, Yahoo and Cisco are paying IIT graduates anywhere between Rs 8 and 12 lakh per annum, a 10-15 % hike from last year’s levels.
A cross-section of students and officials from various colleges echoed the sentiment saying they are seeing an uptick in the number of IT firms visiting their campuses - a turnaround from what happened in 2009. IIT Delhi’s Aditya Gupta says IT firms are big recruiters but there is increasing preference for firms like Microsoft , Google and Yahoo.
“Our conversion rate - students who actually join - has been 93% at top B-Schools such as IIMs. Earlier, it used to be 63% to 70%”, said Nandita Gurjar, senior VP, HR, Infosys.
At BMS College of Engineering, Bangalore 550 of the 900 students who are passing out this year have already been placed and offered salaries ranging between Rs 4 lakh and Rs 7.5 lakh per annum.
The Delhi College of Engineering (DCE) has finished more than half of the placement for its batch of 600 students. “TCS has already recruited 40 followed by IBM, Deloitte and Airtel” , said Itsit Dang (21) an engineering student.
Professor NS Narahari, directorplacement , RV College of Engineering said: “There has been a rise in salary packages and number of offers made by the companies” . The college saw firms like Cognizant, HP, Informatica, Infosys, Accenture, TCS visiting their campus.
“For each IT job, we are getting lot of applications from students.” HS Jagadeesh, placement officer, BMS, said: “IT is favourite among students but firms are now very cautious and want students to have long-term career with them” .
However, it has not been just the technology companies which have paying higher salaries: P&G , HUL, Bain, Boston Consulting Group have been offering competitive salary packages to IIT graduates in the range of Rs 9-13 lakh. Consulting firms and banks such as Parthenon and Goldman Sachs are offering a salary package of Rs 18.5-Rs 25 lakh per annum.
Financial services firm Tower Research has offered a salary package of Rs 25 lakh plus Rs 8 lakh bonus at IIT-Delhi to handle its IT and alogrithm work.
For example, IBM, which paid Rs 7-8 lakh IIT graduates last year, doubled it to Rs 14-15 lakh this year, according to a student selected under the tech giant’s ‘Blue Scholar’ programme but didn’t wish to be identified.
Tech bellwether Infosys Technologies , which has given 450 offers to B-schools , is offering a package of Rs 11 lakh per annum to IIM graduates while it has hiked compensation for incoming engineering students to Rs 3.25 lakh per annum as against Rs 3 lakh last year. Infosys is planning to make 15,000 offers to engineering students for FY11.
Not just IBM or Infosys, but other tech majors like Microsoft, IBM, Accenture, HP, SAP, Amazon, Yahoo and Cisco are paying IIT graduates anywhere between Rs 8 and 12 lakh per annum, a 10-15 % hike from last year’s levels.
A cross-section of students and officials from various colleges echoed the sentiment saying they are seeing an uptick in the number of IT firms visiting their campuses - a turnaround from what happened in 2009. IIT Delhi’s Aditya Gupta says IT firms are big recruiters but there is increasing preference for firms like Microsoft , Google and Yahoo.
“Our conversion rate - students who actually join - has been 93% at top B-Schools such as IIMs. Earlier, it used to be 63% to 70%”, said Nandita Gurjar, senior VP, HR, Infosys.
ADVERTISEMENT
At BMS College of Engineering, Bangalore 550 of the 900 students who are passing out this year have already been placed and offered salaries ranging between Rs 4 lakh and Rs 7.5 lakh per annum.
The Delhi College of Engineering (DCE) has finished more than half of the placement for its batch of 600 students. “TCS has already recruited 40 followed by IBM, Deloitte and Airtel” , said Itsit Dang (21) an engineering student.
Professor NS Narahari, directorplacement , RV College of Engineering said: “There has been a rise in salary packages and number of offers made by the companies” . The college saw firms like Cognizant, HP, Informatica, Infosys, Accenture, TCS visiting their campus.
ADVERTISEMENT
The IT sector’s return to gains is making more students opting for a career in this sector. Symbiosis Institute of Business Management (SIBM)’s Bangalore dean Pankaj Gupta said earlier that IT companies were not favourite on BSchool campuses but the trend is changing and students prefer to join IT firms.“For each IT job, we are getting lot of applications from students.” HS Jagadeesh, placement officer, BMS, said: “IT is favourite among students but firms are now very cautious and want students to have long-term career with them” .
ADVERTISEMENT
HKBK Engineering College’s administrator Abdul Hameed SA says things are far better compared to last year and lot of smaller companies are also coming to the campus to rope in the best talent. HKBK expects to complete placement for its 2010 batch of 380 students by June and 2009 batch of 300 students in the same time period.However, it has not been just the technology companies which have paying higher salaries: P&G , HUL, Bain, Boston Consulting Group have been offering competitive salary packages to IIT graduates in the range of Rs 9-13 lakh. Consulting firms and banks such as Parthenon and Goldman Sachs are offering a salary package of Rs 18.5-Rs 25 lakh per annum.
Financial services firm Tower Research has offered a salary package of Rs 25 lakh plus Rs 8 lakh bonus at IIT-Delhi to handle its IT and alogrithm work.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Related Articles
Quote of the day by Henry Ford: 'Quality means doing it right when...' Life lessons on hard work, success and human nature by revolutionary American industrialist2026-06-11T22:50:15Z- Indian proverb of the day: ‘The mangoes won't be ripe sooner if you're in a hurry’ ; patience is important when it comes to success2026-06-11T22:35:21Z
- Quote of the day by Bill Shankly: “Some people think football is a matter of life and death. I assure you, it's much more serious than that.”2026-06-11T20:01:53Z
ADVERTISEMENT
