IIT/IIM students fetching sky-rocketing salaries, double than other college grads
What's the story
Engineering graduates from top IITs are fetching 137% higher salary package than an average engineer, while management graduates from top IIMs are getting 121% more than an average MBA graduate, says a report. In IITs, computer science or information technology graduates are receiving the highest annual package of Rs. 6.9L/annum, global online talent measurement solution provider Mettl said in its campus hiring report 2018.
Skills
Candidates skilled in new-age skills found to be hired largely
The report said candidates proficient in new-age skills like machine learning are found to be hired largely. "New IITs are catching up fast with top NITs in terms of compensation packages offered, especially for CS/IT graduates," it said. In a region-wise analysis of management institutions, the report observed that west India held a leading position with 17% higher compensations than the average salary recorded.
Information
Report based on survey conducted across 194 institutes in India
The report is the result of a survey conducted by Mettl across 194 institutes in the country, comprising 114 engineering and 80 management institutions, during January to June period, for placement for FY 2017-18.
MBA graduates
MBA students with technology background receiving higher package than others
The report also said graduates from the technology domain received the higher average salary package of Rs. 14.8 lakh per annum post MBA. The general management roles accounted for the maximum number of hires at 31%, while roles in senior management were the highest paid jobs commanding 118% more than the average salary of MBA graduates, the report added.