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IIT, IIM Students Bag More Than Double Package Of Other Institutions
Employers are looking towards campus placement because freshers have a zeal to learn
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Engineering graduates from IITs bag top 137 percent higher entry level packages compared to the average placement of an engineer. For the CS and IT branch, the average compensation offered has been 6.9 lakh/annum and the new IITs have even overtaken top NITs.
Acquiring new skills has become really important and recruiters look for candidates proficient in new-age skills like Machine Learning and Data Science for hiring largely from the top IITs.
The survey of hiring trends by Mettl analysed top management institutes as well and found out that top Indian Institute of Management (IIM) graduates received 121 percent higher salary packages than an average MBA graduate. In a region-wise analysis of management institutions, it was observed that West India held a leading position with 17 percent higher compensations than the average salary recorded.
The management graduates from the technology domain received the highest average salary package of Rs 14.8 lakh/annum. Post MBA, General Management roles accounted for the maximum number of hires at 31 percent, while roles in senior management were the highest paid jobs commanding 118 percent more than the average salary of MBA graduates.
While 73 percent recruiters expect to hire more employees in 2018 compared to last year, more than half of them feel lack of technical skills in engineering fresher’s acts as a hindrance to their talent demands.
The company reached out to placement cell of various institutes from all geographies across India and analysed 194 institutes in India, comprising 114 engineering and 80 management institutions.
Ketan Kapoor, CEO and Co-founder, Mettl, commented, “In the present age, there is a rise in demand for skilled candidates across all domains. Employers face many challenges during campus placement drives. From early attrition to their inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders.”