While a major chunk of students have been selected by Information Technology (IT) companies, Non-IT companies weren’t too behind in lapping up bright young minds.
The maximum pay package offered in the engineering colleges is a massive ` 7.88 lakh per annum. Apart from the hefty salary, students are being lured by offering them attractive stock options.
IT Giants such as Google, Microsoft, Cisco, Akamai among others participated in the recruitment process. Non-IT companies included the likes of automobile giants Mercedes Benz and Volvo.
With a plethora of options available, students are also being provided with the option of opting for a company that recruits en masse and also trying their hand at a ‘dream’ company.
According to speculation at several colleges, the highest pay offered by a company could reach ` 20 lakh per annum by the end of the placement season.
During the previous years, it was visible that many of the mass recruiting companies were provided with the opening slots of the season.
However, during the present year, high paying companies that recruit only a countable number of students came for recruitments in the beginning of the placement season.
Speaking to Deccan Herald, Vidyavardhaka College of Engineering (VVCE) Principal Prof B Sadashive Gowda said that compared to the previous year, the recruitments had improved dramatically.
Furthermore, earlier students maintaining an aggregate of 60 per cent and above were favourites among recruiters. With changing times, he said that even those in the 50 to 60 per cent mark have a chance.
The change is because those scoring a second class tend to stay with a company for a longer period of time and are not bothered to sign a contract for one or two year.
Also, with intensive training, even students with average background can be prepared to meet industry standards, he added.
The first batch of Maharaja’s Institute of Technology (MIT) will be passing out in June. Placement Officer Chiranthana said that despite being a relatively new college, four companies had already visited their campus.
He said that by the end of the season, the college hopes to see recruitment of atleast 150 students.
(Read as Engineering College - Students recruited/ Total number of eligible students, Highest pay package)
- Sri Jayachamarajendra College of Engineering - 660/900, ` 7.88 lakh per annum.
- The National Institute of Engineering - 364/502, ` 7.88 lakh per annum.
- Vidhyavardhaka College of Engineering - 163/ 190, ` 3.5 lakh per annum.
- GSSS Institute of Engineering and Technology for Women - 115/230, ` 3.4 lakh per annum.
- Maharaja’s Institute of Technology - 26/220, ` 3.5 lakh per annum.