New IIT campuses, salaries up 15-20%

It’s just their second year on the placement scene but the new Indian Institutes of Technology at Ropar, Patna, Hyderabad, Bhubaneswar and Gandhinagar, among others, are already nipping at the heels of their much-older and more established counterparts.

Big-ticket recruiters like Microsoft, Amazon and Google have descended on these campuses and average salaries have shot up by 15-20%. In comparison, the older IITs – Madras, Roorkee, Kharagpur, Bombay, Delhi and Guwahati – have recorded a 5-10% increase in salaries at the final placement offers. Also, more companies are visiting the newer IITs this year and pre-placement offers (PPOs) have increased. Top salaries have also gone up. IT services company Epic Systems, for example, offered $105,000 ( 57 lakh) to two students at IIT Ropar. It had offered $80,000 ( 43.6 lakh) last year.

Stress on PPOs has worked in favour of new IITs. Students have been encouraged to give their best shot during summer internships, which has led to a significant increase in the number of PPOs.

In IIT Ropar and IIT Patna, the number of PPOs this time have gone up to 10 and 3, respectively, from just a single PPO each last year.

Also, IITs in Bhubaneswar, Gandhinagar, Patna and Ropar started their placements in as early as end-September to get an early-mover advantage.

“We started contacting companies much earlier. Already 30 companies have visited our campus this year compared to last year’s 21 and more are expected,” said Prabh Sharan Singh, training and placement officer at IIT Ropar. IIT Gandhinagar’s student coordinators arranged interactions with HR heads of companies to ensure they do not skip this institute.

These efforts seemed to have paid off as TCS and Cognizant were some of the new visitors.

Various conferences, techno-cultural fests and research activities that students participated in have also helped forge stronger ties with industry.

New recruiter BPCL’s pay packages amounted to Rs 10 lakh in IIT Bhubaneswar and Flipkart offered packages between Rs 9 lakh and Rs 12 lakh in the new institutes.

So far, students of IIT Ropar have got salary offers between Rs 11 lakh and Rs 16 lakh while those at Gandhinagar are getting between Rs 9.5 lakh and Rs 9.9 lakh. The average salary offer at IIT Ropar was Rs 8.32 lakh last year.

Over the last two days, IIT Patna has seen 19 students of its 89-strong batch getting placement at an average package of Rs 11.3 lakh. Last year, average salary at the institute was Rs 7.1 lakh per annum, said Shashank Srivastava, student-in-charge, training & placement cell at IIT Patna. “US and Japan-based companies are coming to visit us for placements which is likely to push the current year’s average package even higher,” he said. So far, the institute has seen a top domestic salary of Rs 16 lakh offered by Microsoft to six students.

Microsoft has also offered packages of Rs 17 lakh to 7 students of IIT Jodhpur compared to the Rs 16 lakh offered to 2 students last year, said a student of the placement committee. Morgan Stanley, National Instruments, L&T, Cisco are some of the 25 companies that have confirmed participation this season, an increase compared to last year’s 21. The institute has received three pre-placement offers and is clocking in an average salary of Rs 5-6 lakh.

Top recruiters varied across campuses. If it was Defense Research and Development Organisation (DRDO) making offers to 15 students at IIT Ropar, it was Zensar TechnologiesBSE 1.19 % with seven students at IIT Bhubaneswar, said TVS Sekhar, prof-in-charge of career development cell at IIT Bhubaneswar. Broadcom made the maximum number of 8 offers at IIT Hyderabad.

IIT Hyderabad has also had Amazon, Google, Microsoft, Broadcom, Qualcomm among others for its 200-strong batch. Overall, 63 companies have confirmed visit and the institute expects 30-40 more confirmations later on. Works Applications made the highest offer of Rs 35 lakh for a Singapore posting, Google paid around Rs 16-18 lakh and Amazon paid Rs 12 lakh. Last year, the average salary was Rs 8.33 lakh.

Sources :  http://timesofindia.indiatimes.com/tech/careers/job-trends/Placements-Microsoft-Google-hiring-from-new-IIT-campuses-salaries-up-15-20/articleshow/17473922.cms

Rs 10L pay for IIT-Gandhinagar 1st batch student

Placements of the pioneer batch of IIT-Gandhinagar is almost completed with the
highest pay package offered so far being Rs 10.2 lakh. This batch joined the institute when it took off in a modest hall on Vishwakarma Engineering College campus in 2008.
Of the 89 students, 59 registered for the placement process. Said placement executive Mansi Goel, “Of these 59 students, offers have been made to 54.

This is quite encouraging for the first batch. Offers came from some unusual companies as well. The average pay package is Rs 6.5 lakh.” Prathmesh Juvatkar, a student of electrical engineering, has been offered the highest pay so far, of Rs 10.2 lakh, by Microsoft. Prathmesh had appeared only for this placement. He did not appear for other companies, Goel said.
The various companies that have recruited students include consulting firms such as Flipkart, fashionandyou, public sector units such as BPCL, Bank of India, core technical companies such as Tata Consultancy Engineers, Malaysia-based Finisar Malaysia, Ricoh Innovations, Hospira and Flytxt. Research companies such as Defence Research and Development Organisation (DRDO) and Underwriters Laboratories also picked up students.
Unlike the other ‘established’ IITs, IIT-Gn just offers three streams — mechanical, chemical and electrical. “When firms would approach us, we would only have 12 to 15 students who would be opting for the placements. It took us a lot of time in convincing the companies that the number of the students may be less but the quality is on a par with any other institute’s. Finally, we proved what we said,” added Goel.
Sarthak Jain, a student of electrical engineering who has received an offer of Rs 8 lakh from a company but is contemplating at his choice of a start-up said, “Being a part of the first batch, we knew that this was an experiment. However, the onus of how we made the most of this lay on us. Through these four years at the institute, we have gained that confidence and focus.”
Amit Purohit, assistant placement executive said, “There has been a one to one interaction with each student. The focus was never on getting 100 per cent placements done or to achieve a two-digit salary figure, it was more on what the students wanted to do in their career. It took a lot of counselling sessions.”
A lot of students also opted to take up higher studies, entrepreneurship or working with
government offices. Said Director Sudhir Jain, “When we started the institute there was a lot of apprehensions on how the programmes would go. The pioneer batch setting a benchmark gives us a lot of pride.” Dr Jain said that the institute tried to make the students realise their potential. “We did everything possible to make the students
understand their worth. There were some risks taken but that was necessary. One
cannot be counting every single penny spent.”

http://www.iitgn.ac.in/pdf/Rs-10L-pay-for-IIT-Gn-1st-batch-student.pdf