Compensation of IT companies

Thursday, July 05, 2007

Fat pay packet: student offered Rs 23 lakh salary

A student of National Institute of Technology (NIT) has been offered a salary of Rs 23 lakh per annum during campus placement.

The salary offer was made by MNC Schlumberger to a mechanical engineering graduate with a CTC cost to the company of Rs 23 lakhs per annum for posting in India and Rs 44 lakh per annum in case of overseas posting, said NIT director Prof M Chidambaram Tiruchirappalli on Wednesday.

He said the placements during the academic year 2006-07 was one of the best in the country, with over 100 per cent of UG students and 94 per cent of PG students placed through campus selection.

Bakthavatsalam, who heads NIT’s placement cell, said one out of every five students had got two job offers this year. MNCs Microsoft, Yahoo and Texas Instruments and IT giants TCS, Wipro, Infosys and CSC and PSUs like NTPC, ONGC, IOCL, BPCL had approached NIT for placements.

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