BANGALORE: Placements this year at the prestigious IITs got a great start with most of the institutes reports of 10-20 pct of rise in the average salary packages offered to the students, reports ET.

"At the undergraduate level, most companies don't differentiate between older and newer IITs in terms of salary. So the average salary we get is comparable to that of the older IITs and our numbers are improving year-on-year," said B Venkatesham, faculty-in-charge for training and placement cell at IIT Hyderabad.

The rise is the salary packages was reported by student who were hired this year.

Placements started at IIT Hyderabad on December 1 and by now the institute is over with placements of 44 pct students of this year’s batch whereas IIT Mandi, Ropar and Indore are done with the placements of 65, 70 and 70 pct respectively.

According to the sources the rise in the awareness and brand value amongst the employing community had led to this positive rise in the placement figures.

However, the newer IITs are behind older ones when it comes bagging highest-paying job letters. The newer still have small batches and have succeeded in getting most of their students placed. "Since last three years, we have been achieving 100 per cent placements. Also since last two years, the gap is narrowing down every year compared to old IITs," said Nirmala Menon, assistant professor at IIT Indore.
The average salary package being offered to students have witnessed an increase of 11-12 lakhs as per Samar Agnihotri, assistant professor, School of Computing and Electrical Engineering, IIT Mandi. "The gap in salaries is coming down with the same set of companies that have so far been confined to old IITs also making a visit at our campus. For next year, we are optimistic we'll be sharing even more companies with old IITs. The interest has started building up since last two years," he added.

In this upward trend, online ecommerce and other portals have emerged as the most aggressive employers.

Average salary package at IIT Ropar rose by 12 lakh. The highest paying offer here was made by Amazon whereas Practo, Axtria and Saavn were also amongst the first time recruiters.

200 students from Gandhinagar are appearing in the placements where Texas Instruments, Samsung, HSBC, Wipro will be amongst the first time recruiters.

IIT Hyderabad witnessed a sharp rise in the highest salary being offered. The best offer bagged by the institute is around 35 lakh which is 21 pct higher than last year highest paying package. Yahoo Japan, Hikari Tsushin and Murata Electronics were amongst the biggies recruiting here.

"We will be hiring around 50 graduate engineers from the new IITs compared to 40 from the old IITs," said Rajeshwar Tripathi, chief people officer, auto & farm sector, at M&M. "We are offering roles predominantly in R&D, product development & other critical areas," he said.

"Apart from the entire computer science and engineering batch, about 40 per cent of our mechanical engineering students have also received core engineering offers." said Ravi Mohan Prasad, faculty-incharge of training and placement cell, IIT Ropar.

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