By
Natraj Muthukrishnan on 7 February, 2010, 10:43 am
IT is back! And back with a bang. Once again it is the hot favorite among students for the job across various Engineering and management schools across the country wooing students with higher salary.
For instance, IBM which paid around 7-8 lakh to a engineering graduate from IIT last year, has doubled the pay to a whooping Rs 14-15 lakh this year,for the student selected under the tech giant’s ‘Blue Scholar’ programme.
Infosys is making offers in the range of Rs 11 lakh to IIM graduates, while it has hiked compensation for incoming engineering students to Rs 3.25 lakh per annum against Rs 3 lakh last year.
Not only these two firms but others like Microsoft, IBM, Accenture, HP, SAP, Amazon, Yahoo and Cisco are paying IIT graduates a 10-15% hike from last year’s levels.
The IT sector’s return to gains is making more students opting for a career in this sector. However, it has not been just the technology companies which have paying higher salaries. P&G, HUL, Bain, Boston Consulting Group have been offering competitive salary packages to IIT graduates in the range of Rs 9-13 lakh. Consulting firms and banks such as Parthenon and Goldman Sachs are offering a package of Rs 18.5-25 lakh pa. Financial services firm Tower Research has offered a salary package of Rs 25 lakh and Rs 8 lakh bonus at IIT-Delhi to handle its IT and alogrithm work.
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