Fatter salaries than IT companies?
Fatter salaries take campus traffic away from the IT industry; by Ravathi Ramalingam; Express News Service
Once the best pay masters, IT companies have now been outstripped by non-IT companies; a Dubai-based company this year picked up a student with a Rs 10 lakh package
Chandigargh, September 14th 2006: In a reversal of the last few years’ trend, more and more BE students of Punjab Engineering College (PEC) are opting for non-IT companies. Reason? The higher pay-scales they offer.
Leading the way with a pay package of Rs 10 lakh per annum is the Dubai-based construction company - Laing O’Rourke - which has recruited final year civil engineering student Varun Gupta.
Tata Motors has hired 12 students with offer of Rs 5.5 lakh. Some of the other recruiters include Ashok Leyland and Eicher Tractors, with packages of Rs 4 lakh and Maruti Udyog with Rs 3.63 lakh. In comparison, top IT companies like Infosys, Tata Consultancy services and Accenture offer Rs 2.75 lakh packages.
Of the 300 final year students, 286 have already been placed with 100 per cent placement in mechanical, production, computer science, IT, electrical and metallurgy streams.
Placement and Training officer, Dr M L Gupta, told Newsline that students in mechanical, production, metallurgy and civil engineering streams were opting for companies in their own field instead of IT companies as was the case in the past. “Last year, less than 20 per cent of students went for non IT companies. This year, however, that trend has changed completely.”
In mechanical, for example, 31 out of 43 students have been placed in non-IT companies while the figure is 21 of 36 for metallurgy. While the average salary for the students of CS, IT, metallurgy and electronics and electrical engineering streams was Rs 3 lakhs, for mechanical and production engineering students it was Rs 4 lakh.
Altogether, 35 companies have come for campus placements so far. Another 25 are expected, he added.
Among the companies expected to come are Samsung, Grail Research, Indian Oil Corporation Limited, DLF, ITD Cementation India and Campus Connect.
Original Source of News