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Changing Threshold
With the highest salary offer of Rs 34 lakh per annum in 2006-07, IIT Roorkee
has seen one of the highest jumps this time, more than making up for last years
almost stale performance: a whopping 208%, with Capital One going all out to
change the salary threshold and equations for the institute. The average salary
offered by all companies, specifically the IT companies, pales in comparison.
The institutes overall recruitment trend shows IT/BPO companies losing
sheen. Of the 455 BE/BTech students that got recruited from the campus across
all types of companies, only 193 were placed by IT/BPO companies in 2006-07. As
compared to this, 248 students were placed by the IT/BPO companies of the total
392 in 2005-06.
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IIT Roorkee |
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The possibility that IT/BPO companies are not being able to hold ground in
the face of increasing salary competitiveness from the non-IT firms might be
real. The IT biggies also have not been able to come close to the salaries
offered by the consultancy and finance companies. The story remains similar in
2008 as well.
Crawling Up
Consistent performance over the last two years has helped IIT Kanpur steadily
move up the ranks. Industry relationship and partnership are key areas for this
tech school. IIT Kanpur has maintained its stronghold on the parameter of
industry interface, standing at #2.
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IIT Kanpur |
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Among the recent industry tie-ups, IIT Kanpur signed an MoU with Autodesk to
establish a Digital Innovation Lab (DIL) for innovative design and research
targeted to help develop innovative design skills among students, and to create
a sustained pool of skilled manpower in the country. Earlier, in 2007, TCS and
IIT Kanpur also announced a collaboration to promote higher education and
research in storage computing and related technologies.The institute has
particularly improved its performance on the placement and salary front in
2006-07 over 2005-06.
A cause for concern is the number of IT companies visiting the campus, which
has been on a steady decline.
Steady Move Up
In absolute terms, the highest salary offer at Rs 32.27 lakh per annum in
2006-07 stands well among its IIT peers. This is a quantum jump from the highest
salary offer of Rs 7.75 lakh per annum in 2004-05. The strong growth of 316% has
catapulted the institute into a different league altogether when it comes to
salaries. However, the major spurt came in 2005-06, taking the salary levels
from the single digit to the double-digit figure with a 215% growth.
Strengthening of the industry interface further helped in bolstering the
institutes image as well as standing among the other institutes. Early 2008,
when TCS decided to make its first collaboration with an IIT, it chose IIT
Guwahati. The company signed MoU with the institute for setting up a TCS
learning center on the IIT campus and to collaborate on R&D based on mutual
interests. The TCS Learning Center would train about 150 engineering graduates
in the first batch. This was also the first investment and long term commitment
by a major IT player. Under the Open Source Technology Program, Microsoft also
signed an MoU with IIT Guwahati.
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IIT Guwahati |
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In spite of the strong industry-academia partnerships, the institute didnt
see much fillip in the number of IT/BPO companies visiting the campus for
recruitment in 2006-07. This is in line with the general trend of lesser number
of IT/BPO companies coming for campus placements. As compared to 44 IT/BPO
companies visiting the campus in 2005-06, there were 46 in 2006-07, seeing an
addition of only two companies.
Big Fall
IIT Chennai is the only IIT that has done worse on its previous years
performance, slipping by four ranks. This is also the biggest fall among all the
Top 15 tech schools being listed in the survey. Except for placement, the
institutes scores in all the individual parameters of infrastructure, academic
environment and industry interface has gone down over its scores in 2006-07. The
improvement in the overall placement score is marginal at 14.73%.
On the other hand, the institute more or less maintained the perception it
enjoys among HR managers from the industry, with the HR score coming down very
marginally from 25 to 24.60. However, when it comes to salaries, IIT Chennai
catches up with its other IIT peers. In fact, at Rs 39 lakh per annum (an
international placement by Bloomberg USA and equivalent of the dollar salary
offered) the institute is able to command the second highest salary offer for an
IIT after IIT Delhi.
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IIT Chennai |
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Meanwhile, the average salary for the institute went up from Rs 5.3 lakh per
annum in 2005-06 to Rs 5.5 lakh per annum. The average salary offered by IT
companies went up from Rs 3 lakh per annum to Rs 4 lakh during the same period.
However, the IT/BPO didnt seem as enthusiastic about hiring considering the
number of students placed in IT/BPO companies more than halved. While in
2005-06, 377 students were placed in these companies, only 134 were placed in
2006-07. Furthermore, the number of IT/BPO companies visiting the campus came
down from 41 in 2005-06 to 27 in 2006-07. This, while the overall number of
companies visiting the campus increased from 143 to 170 during the same period.
Better Hires
International Institute of Information Technology, Hyderabads move up the
ranks can be attributed to the improvement it has made in the areas of placement
and infrastructure. The institute has improved its score in placement by 27.5%
and bettered its infrastructure score by 28.4%. The score on academic
environment went up by 8.3%.
The maximum salary was offered by Credit SuisseRs 10.5 lakh per annum. This
bettered last years maximum offer by Google only by Rs 1.2 lakh per annum.
Interestingly, Google had been offering the maximum salary to the students of
IIIT-H for the previous two yearsRs 8.5 lakh per annum in 2004-05 and Rs 9.3
lakh in 2005-06. However, the company is conspicuous by its absence in 2006-07.
Meanwhile, the average salary from IT companies went up from Rs 4.5 lakh per
annum in 2005-06 to Rs 5.4 lakh in 2006-07. The average salary from all
companies increased from Rs 4.5 lakh to Rs 5.6 lakh during the same period.
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IIIT Hyderabad |
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The institute also saw a fillip in campus placements. The number of students
placed through campus in IT/BPO companies went up from 93 in 2005-06 to 130 in
2006-07. And those placed across all type of companies also underwent a similar
growth, as they went up from 93 in 2005-06 to 135 in 2006-07. Also, the number
of IT/BPO companies visiting the institutes campus grew from 30 in 2005-06 to
37 in 2006-07. When it comes to all types of companies visiting the campus, the
number increased from 30 in 2005-06 to 40 in 2006-07.
Industry interface is an area that IIIT Hyderabad needs to improve in,
especially with no MoU signed by the industry. As a result, the institutes
score on the industry interface parameter has gone down by 65.1%, even though
its scores have improved on all other parameters including HR.
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