In city’s engineering colleges, job shower with higher salaries

PUBLISH DATE 10th December 2017

It has been raining jobs in the city colleges this year with average salaries surging.

Students in colleges like College of Engineering, Pune (CoEP), have been offered an average salary of Rs 8 lakh per annum compared to Rs 6.5 lakh last year.

Army Institute of Technology (AIT)’s training and placement officer Manoj Khaladkar said about 81% of students in the final year of engineering had been placed in various companies. “The placement season is better than the last year. Many new companies have visited our campus. Till now, Amazon has offered the highest package of Rs 17 lakh per year to seven students belonging to computer/ IT departments,” said Khaladkar.

The average salary reported by AIT last year was Rs 5 lakh per annum. It has gone up to 5.5 lakh this year.

“This year, only a few startups has turned up for placements and we think it will be a bit tough for mechanical/civil students. This week, an internet giant is scheduled to visit our college and the package offered is Rs 23 lakh. The placement season will continue till March-April next year,” added Khaladkar.

A student of CoEP has received one of the highest packages till now. About 65% of students have been placed and 110 companies visited the campus till now.

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Average starting salaries increase, startups shy away from placements

The packagesofferedtouched Rs30 alkh per annum.

“D E Shaw offered three students Rs 30 lakh per annum — the highest till now. The average salary offered was Rs 6.5 lakh per annum last year, which has gone up to over Rs8 lakhthis year. Itisexpected to increase,” said Uttam Chaskar, thetraining and placement officer of CoEP.

Chaskar said various public sector companies were also scheduled to visit the campus and offer good packages.

KetakiKulkarni, thehead of central training and placement department at Vishwakarma Group of Institutes, which includes both VIT and VIIT, said the number of students placed had come down but new companies came forward withbetter packages.

“The average salary till now has increased to Rs 5.5 lakh per annum from Rs 4.5 lakh last year. Morgan Stanley has offered the highest package of Rs18 lakh till now, while Microsoft has shortlisted 17 students. If they are selected, they may be offered a package of Rs37lakh per year. Almost 50% of our students have been placed. The rest, too, will be placed as we have got a good line up of companies for coming months. A new trend is that not many startups have shown interest this time across colleges,” saidKulkarni.

Pune Instituteof Computer Technology (PICT) has received an average package of Rs 8.38 lakh per annum for its final year engineering studentsthis year till now. A total of 171 students have received an offer of more than Rs5lakh per annum.

“The highest package of Rs 30 lakh per annum has been offered to four students by a Japanese company,” said S Narkhede, training and placement officer, PICT.

Two students from Cummins College of Engineering for Women have been offered thehighest package 30lakhby Salesforce this time, while four have been offered a package of Rs 22 lakh by Goldman Sachs. “Altogether, 100 studentshave received a package of Rs10 lakh and above and 10 new companies have visited thecampusfor thefirsttime,” said Madhuri Khambete, principal.


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