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Sambhar Mafia - Cooked To Kill!

Tuesday, March 28, 2006

Engineering pay packages shooting up

After the boom in MBA salaries, Engineering pay packages are on an upswing now. (via)

This year 75 students of Anna University have secured jobs with a salary of Rs.1 lakh a month, and this is the highest number of candidates in any of the educational institutions in the country to get such an impressive pay packet.

Mr. Viswanathan was delivering the fourth convocation address at IFET College of Engineering near here on Saturday.

He said for the next year, the companies had spelt out their requirement of 500 candidates in the Rs.1 lakh salary category and many thousands in the Rs 50,000 bracket.

One candidate from a private engineering college at Coimbatore had got an US $ 28,000 a month offer (amounting to Rs 1.75 crore a year) from a Nigerian company.

It is still not clear as to who the top recruiters are. One company, which comes to mind, is Microsoft. But, Microsoft might not have recruited in huge numbers. So there has to be some broadbased recruitment by biggies such as Google, Yahoo etc.

During one of my earlier posts, I had discussed about INR 12.80 lakh salaries doled out by Microsoft to students of Anna University. At that time, there were only a handful of students who had bagged these offers. The discussion in the comments section revealed that the fixed portion of the salary was only INR 5 lakhs and the remaining 7.8 lakhs consisted of various one-time payouts. In all likelihood, the salaries being referred to by the VC might also contain such surprise elements.

posted by Kaps at 1:18 PM

7 Comments:

  • Google visited the campus and didn't hire anyone (Allegedly, their recruitment committee reported to the Industry-Univ affairs that the standards of the students were below par) Yahoo hired around 5 (I think). Companies like Verizon too hired some people. Not sure who these Nigerian Employers are. *shady*

    By Anonymous Anonymous, at 9:24 PM  

  • @Krithika,
    If I read you correctly, MS + Yahoo + Verizon could have added up to 25 - 30. How did he get 75?

    By Blogger Kaps, at 12:39 AM  

  • i'd go easy on the nigerian offer.. :-)

    By Blogger Vikram, at 1:23 AM  

  • I would suggest to take these salary numbers with a pinch of salt.

    By Blogger Krishna, at 3:26 PM  

  • i dont know if these can still be categorised under the engineering sector..i'd still call it IT..if the Tatas or TVS or SAIL started paying big money, that'd b somethin truly to do with engg.

    By Blogger Unknown, at 2:48 AM  

  • I am amazed that the comments from this guy has sparked off so much criticism. Man, all he is saying is 100% good old fashioned crap. I donno how can somebody like him get away with this kind of crap.
    When a person like Viswanathan heads a college like Anna university, it certainly sends a chill down the spines of this alumuni.

    By Blogger Ananth, at 3:16 AM  

  • >>If I read you correctly, MS + Yahoo + Verizon could have added up to 25 - 30. How did he get 75?

    First, the students need to teach him addition. LOL!

    The teaching standards are at an all time low. There is no professionalism left in any part of the university.

    By Blogger Karthik, at 8:02 PM  

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