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Saturday, May 05, 2007

India Inc makes a beeline for future engineers -Pai

The bond year (2007) is gelling well with starry-eyed engineering graduates of Gujarat. IT companies are picking up engineering passouts from across the state and are offering record packages to boot. Infosys, TCS, Wipro and Google, among others, are vying for candidates. Not only have the highest salaries gone up by 10-15%, the young graduates also have their hands full with multiple job offers. The highest salary recorded at the Faculty of Technology and Engineering of Maharaja Sayajirao University (MSU), Baroda, was from Google. It picked up two students with a package of Rs 7.5 lakh per annum.

Such was the demand from IT companies that the faculty of technology was compelled to advance the placement season from the end of the sixth semester to end of fifth semester for the 2007 batch. The placement and training officer at MSU K Baba Pai is now busy with the placement of the batch that will pass out in 2008. So far eight companies have recruited 78 students from engineering faculty.

“Almost all the engineering students with a first class in their third year and now busy with their final exams for 2007 batch of engineering have been placed. Majority of the students with a second class in the third year have also been placed. We are still expecting 15 to 20 local companies to visit the campus for rest of the students,” Mr Pai told ET. He added the average salary for the students with a first class has nearly touched Rs 3 lakh per annum. Google, Voltas, the Kirloskar Group, L&T group companies, Thermax, Alstom, Mahindra & Mahindra, Gujarat Glass, Bombardier, GSFC, HLL and GHCL are some of the prominent recruiters who visited MSU campus for engineering students for the batch 2007. Diploma students, too, are in demand. Giants like ABB, GEA Process Engineering (I), Raymond, Essar Group, L&T, Aditya Birla Group and Torrent visited the College of Polytechnic of MSU for recruitment.

Things are pretty similar at Nirma University’s Institute of Technology which has recorded highest salary ever. Two engineering graduates of Nirma Institute of Technology have been offered a Rs 6.43 lakh package by Synergy, Hyderabad. This is close to the salaries offered to freshers from the top-notch business schools in the country. The final phase of placements for the ninth batch of B Tech has just concluded, yielding exciting prospects for the Institute’s graduates. A total of 69 companies came vying for students at NIT. Over 90% of the students received offers with an average salary of Rs 2.65 lakh.

According to Sachin Sehgal, placement & training officer NIT, “There is a shift from the IT/ITeS to more diverse work-profiles. A lot of students have opted for core engineering companies for final placements.” The number of core engineering companies scurrying for students was also higher than previous years.” Huge demand was shown by IT companies, with frontline players like HP and Satyam lapping up students in large numbers.

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