Placement at Offbeat Branches

Placement at IITs generates a lot of media hype; but the picture they paint of placement at IITs is incorrect. Websites like rediff.com, which unfortunately have a good reach, don’t have well researched articles. The number of candidates getting international jobs at IITs may be well below 4 %. But I am not surprised when wannabe IITians have the impression that everyone in IITs get a 25-lakh rupee job.

We would be bringing to you the real campus placement statistics at colleges with a special focus on non-computer science branches.

To start with we go to placement at Department of Paper Technology, IIT Roorkee, this branch is an offbeat branch. It may figure last on the list of anyone going for engineering job.

The placement figure does not indicate real aspirations of the students as these days the placement at IITs starts after 7th semester or half of fourth year is over. By that time, GRE score/ CAT is out/over so guys going to Stanford/ IIMs may not push themselves hard for the job (some may miss the placement altogether). The idea of having a job just for backup does not motivate you to be selective.

Department of Paper Technology, IIT Roorkee
Branch Strength – around 30 (B.Tech)
Placement Figures for 2007 batch
Company Name – Package (No. Of employees) – Job Profile

TCS – 2.8 lpa (3) – Software Engineer
Onmobile – 4.4 lpa (3) – Software Engineer
Trident – 4.2 lpa (2) – Process Engineer
Kotak Mahindra – 4.5 lpa (1) – Management Trainee
Tata Steel – 4.5 lpa (4) – Management Trainee in IT dept
Evalueserve – 4.01 lpa (1) – Business Analyst
IBM – 3 lpa (8) – Software Engineer
Wipro – 3.1 lpa (1) – Software Engineer
Yasu Technology 3.45 lpa (3) – Software Engineer
Infosys – 2.7 lpa (4) – Software Engineer
Doon Consulting Inc., New Jersey US – USD 55K (3) – C/C++ developer/tester

Placement in B-grade MBA Colleges

IIM grads earn in crores, that is what makes newspaper headlines make and that is what most of the junta would know. But what about the MBA colleges in the next league?
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Lets look at companies going for placement in ICFAI Hyderabad, remember that ICFAI Hyderabad has always figured high on placement score in surveys by BW.

Job Profile Company Name Salary in Lakhs per Annum

Finance ADP Wilco 4
Finance Adventity 4.2
Finance Bajaj Allianz General 3.5
Finance Batlivala 3.5 – 5
Finance CARE 5.3
Finance Citi Financial 4.25 (Gross) + 1-1.8 (Variable)
Finance Cognizant 5.5
Finance CSC 4.6
Finance Darashaw 5
Finance DE Shaw 4.5 + 50,000(Bonus)
Finance Deloitte 3.38
Finance Eicher 4.5 (CTC)
Finance E-Serve International 5.5
Finance Evalueserve 3.6
Finance First Global 4.2
Finance Future First 3.6
Finance Genpact 3 + incentives
Marketing Nicholas 4.2
Marketing Nucleus Software 2.88
Marketing Oracle India Ltd 5.2
Marketing Pantaloon 3
Marketing Patni 2.8
Marketing Ranbaxy Fine Chemicals 3+ incentives
Marketing Royal Sundaram 3.5
Marketing Satyam Computers 3.25
Marketing SBI Life Insurance 3
Marketing (Sales Trainee) SBI Life Insurance 2

Let us look at some of the companies going for placement at these colleges and the offers made by them.

Cyber Media (INDIA) LTD is a media house which publishes print titles like Dataquest, PCQuest, Voice&Data, BioSpectrum, Global Services, Living Digital, DQ Channels India and DQ Week.
Company Website: www.cybermedia.co.in
Position – MT
JOB PROFILE – Business Development & Market Research
Specialization – Marketing & Dual with Major Marketing .
Remuneration – 2.5 Lakh CTC per annum. 3 Lakhs CTC after completion of 6 months of training.

UTI Asset Management Company Post Offered: Management TraineeEligibility: MBA marketing and HRPosting: Any where in IndiaPackage: Rs. 3.5 lacs CTC. After confirmation Rs. 4 lacs fixed plus incentives.

Blue Star Limited for Marketing StudentsJob profile: Channel Sales of AC& refrigeration productsEligibility Criteria – MBA (Mktg)CTC Rs. 3.5 L p.a.
TCS
Position: Business Analyst / System Analyst.Compensation: Rs.4.1Lacs per Annum

Edelweiss Insurance Brokers Ltd.Company Profile: Edelweiss is a leading financial services company based in Mumbai, India.
Company Website: http://www.edelcap.comDesired Profile: MBA (Finance/ Marketing/ & Dual)Designation: Management TraineeJob Profile: Initially Life Insurance selling (during probationary period of 6 months) then candidate will be designated as ‘Relationship Manager’ and will focus on HNI only and will have a team to report to and team will do the selling then.Remuneration: 2.4 Lakhs per annum as Stipend (20,000 per month) – During probationary period of 6 months + Year end Bonus (up to a tune of 50% of CTC)After confirmation it will be in the range of 3 – 3.5 Lakhs per annumLocation: Gurgaon

Few more companies that visit ICFAI Hyderabad are:

COMPANIES PROFILE SPECIALIZATION SALARY

Here MT stands for Management Trainee

99 ACRES.com corporate sales marketing 4 plus CTC
Accenture FINANCE 7.3 for exp.
Adlabs Both FIN AND MARKETING 4.5 LAKHS
Adventity Team manager /debt equity FINANCE 4.5 plus
Alcon Labs Territory sales executive/product specialists marketing 3.5 to 4.5 lakhs
American Express M T (techno commercial role) MBA OR MBA IT 5.2 TO 6.5 lakhs
Amrop
Andhra bank financial analyst FINANCE 4 lakhs plus
Atherstone MT FINANCE 25000 for 3 months plus other incentives
Bajaj allianz MT (after training Asstt. Manager) hr & marketing 4.66 + other benefits
Batalivala & Karani
Berger Paints MBA all 4 lakhs plus
BP Ergo ltd team leader mba marketing 4 lakhs plus sales incentive
BPCL MT marketing 6.51 plus
C B Richards MT marketing 4.2 TO 5.2
Capital fortunes financial analyst FINANCE 4 plus CTC
CARE ANALYST MBA Fin 4.6 lakhs
Centurian bank Retail banking mba 4.25 +
Cholamandalam MT mba all 4.5 plus
CMC LTD business development MBA all 5 plus
Cognizant 6 plus
CRISIL junior analyst and TL FINANCE 4 +
DCBL business banking, consumer banking, banking operations, IT MBA IT, MRKT, FIN,IT 4.5 plus performance incentive
D E Shaw ANALYST FINANCE 5.5 TO 7.5
DELL inside sales a/c manager mba 3.5 to 4.5 lakh
DLF Group MT marketing 3.5 PLUS
eClerx VARIOUS fin, marketing, etc 7.1 to 8.5
Eicher Sales marketing, etc 5.5 to 6.4 plus

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Onsite Salary

What is the onsite salary in software companies? Is the onsite salary in TCS more than other Indian Companies?

Onsite salary can vary from company to company and from designation to designation. A very appropriate figure for companies like TCS is 60K US Dollars per annum in US. In UK it should be around 1800 pounds (for ASE in TCS) British Pound per month. In Caritor the onsite salary is the lone component, i.e. no Indian base salary in case of onsite. If you are a joining as SE or SSE or TL then it would be 52K USD, PL 57K USD PM 63K USD and salary depends on the location, the above salary is for New Jersey, Arizona, in other places the salaries are much less.

What is the composition of onsite salary package?

You normally get the salary in US as well as Indian salary for the period you are in US.
It can also be expressed as living allowance plus Indian salary converted to USD. In companies like HSBC it is like HSBC accommodation + regular salary+ onsite allowance.

How much of onsite salary can be saved?

I have heard people say they can save 50,000 to 1 lakh rupees per month when in onsite. May not be completely true, as areas like Bay Area/ California are pretty costly in US, and average consumption per day can be 80 dollars (minimum), taking into account only normal cost of living. And don’t forget about taxation.

What about taxation? Do I have to pay the tax in both the countries?

Double Taxation mostly impacts those people who earn income outside India for some months in a financial year. E.g.: – A person was there in US for 8 months and in India for 4 months. Tax in US paid on the income of 8 months in US. Tax in India paid on the income of complete 12 months (not only 4). So, when a person comes back from US to India, huge amount of Tax is deducted. Mostly resulting in Net Salary of Rs 0. This additional tax of 8 months is paid firstly to the Indian government (due to some treaty). This additional tax will get refunded, when you file IT returns in India. It means a loss to a person as his money is lying with government and only God can track the status of IT returns in India!!! Nothing to worry though everyone will have a double taxation certificate and get their money back once they file IT returns along with the certificate.
More details…http://en.wikipedia.org/wiki/Double_taxation

Top Salaries at IITs

Do all the IITians make a lot money? At least a few seem to……..

A figure of 30+ for batches of 500-800 is definitely less, but still getting these salaries at undergraduate level is the best one can ask for.

Company – Number of Students – Salary

IITD :-
Pimco 03 $1,00,000
Merill Lynch 10 $84,000
UBS 06 $82,000
Deutsche Bank 04 $82,000
Mercer 01 $80,000
Bloomberg 04 $70,000* (IT position)
Capital One 01 $60,000*
Total** = 30+

IITB :-
Lime Group 01 $90,000
UBS 01 $85,000
Mercer Oliver Wyman 01 $92,000
Total** = 30+

IITM :-
Lehman Brothers 03 $1,00,000
Bloomberg 05 $90,000
Deutsche Bank 03 $82,000
Capital One 04 $60,000*
Total** = 30+

IITK :-
Lime Group 01 $90,000

IITR :-
Capital One 01 $60,000* (Business Analyst position )

Source of this post is the following link by “a-Rebel-IITian”

Fresher Salary

What is average salary for fresh software engineers? Well depends on your college/degree, salaries can vary from private colleges to NITs/BITs/IITs with the highest range being for IITs (offcourse!!). Do IITians work better than other guys? Well in some cases, may be not because they are capable of, but to prove that they are better. Nature of work in software companies does not give ample scope to those with more gray cells.
Salary also varies from non-computer science to computer science, MCA to B.Tech to M.Tech. The following figures give an indication of the fresh engineer salary; there is no way to compare the exact in-hand salary as the salary component also varies from company to company. If you take into account the purchasing power parity, a high salary in Mumbai may not be equal to a much lower salary in Hyderabad.

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Fresher Recruitment

So you did not get a job in the campus placement, or you got one but looking for another. If you didn’t know there are more than 5 job sites exclusively devoted to fresher recruitment. We are going to cover all of them in short.

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eLitmus.com (http://www.elitmus.com) eLitmus gives you employment option to 85 companies, they conduct a common pH test through out the country, the test scores are sent to the companies starting the recruitment process.

Campus-connect.com (http://www.campus-connect.com/) Campus connect conducts a common test called Pep, it mainly focuses on the candidates from top colleges.

Jobs4freshers.com (http://www.jobs4freshers.com/) Jobs4freshers has job openings posted on their website, you can browse through the fresher openings and apply to them.

Campuschai.com (http://www.campuschai.com/) Campus Chai is trying to provide better ways to do campus placement, it links colleges, alumni, companies, employees and students. You can join campus chai to get updates about recruiting events.

University Hiring (http://universityhiring.com/Home/) It aims to help campus recruitments, University Hiring has placement preparation forum for students, and campus placement management system for colleges.

Freshersworld.com (http://www.freshersworld.com/) The oldest of all, freshersworld lists jobs, has several discussion forums related to job, and contains other information useful for freshers.
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Infosys

Designer Buildings, Resort like campus, the inside of an Infosys campus is truly an international experience. Even the roads and grass are taken utmost care of, once me with a group of friends were walking on the campus lawn when some construction work was going on, a small cluster of grass was careful dug and kept aside so that it can be replaced after the maintenance work is over. My friend quipped if they cared for employees the way they care for grass, it would be the biggest gift one could have from Infy. In a big company like Infy you are nothing more than a number and its common to be treated like a computer. Like a Desktop you can be on desk (bench intended) for months or be working for 24 hours at a stretch.
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Fresher Salary:2.7 lakhs per annum. Infy is not a good paymaster; in fact it has earned a bad name because of low salaries, a friend of a mine when leaving the company was told by a project manager that “Yeh company to khoon choos leti hain”.
Career Growth/Onsite Assignments:Yes, good opportunities exist, if you are lucky you will get an onsite assignment within 2 years, though with the increasing number of employees nothing is sure, the decision to send a person onsite is random and does not necessarily depend on a person’s performance (I have even heard about regionalism playing an important role).

Training: Infosys gives mandatory training to fresh engineers which is a major plus point if you want to learn about computer science technology. The training period is 2 months for computer science guys(i.e only generic training), for stream specific training another 2 months are there, but it is about a year long for those going to Finacle Projects. Its a different matter very little of that is going to be actually used for example ‘Open Systems’ is one stream which has very little relevance in the kind of projects Infosys has. Infy has mostly migration, maintenance and testing kind of projects ( see link for more). Mainframe is old technology but still in use, so cant comment on how useful it is. Enterprise Solutions has training on various modules from different vendors (SAP, Oracle). It gives more of functional knowledge. This is really important thing to appreciate in a services company like Infy more than technical skills, it is functional knowledge that matters. And that is why i write the training is not really that useful. I would appreciate it more if they give free internet access to employees so that they can google out solutions to technical problems.
Work Environment: Work environment depends a lot on individual projects and project managers. Speaking of inter department communication, I will give you an example once I had to get a software installed on my computer by CCD (Computer Maintenance Department), the way the department people responded to me was very much similar to what you can expect from a government office in Bihar. Even communication between IBUs(Independent Business Units) and DC (Development Centers) is in a sorry state of affair. I was transferred from Bhubaneswar DC to Pune DC but after reaching Pune DC I was told, “We didn’t know you were coming, We don’t want you!!”.
Brand Value/Respect:One of the most renowned brands in India, especially because of performance in stock market. If you meet a person who does not belong to IT industry he would think you are working for the top most IT company.
Work Life Balance: Again depends a lot on the project you are in, but given the initiative which was started by NRN when I was in Infy “On Time Initiative ”, wherein the time when an employee was coming and leaving was noted and the average time was calculated for the whole organization, I would say the top management does believe in maintaining a balance. HR also plays a active role in celebrating employee week and other events, but again at times project deadlines dont allow employees to be a part of all the fun.

Job Security: If Job Security is the question, Infosys would get 200 out of 100, this was probably the only company which didn’t shed employees during the 2000 US economy slowdown. Unless you are doing something unethical you don’t stand a chance of being thrown out, and off course if your performance is not very poor.
Founders of company: Founders Narayan Murthy and Nandan Nilekani are among the most well-known business leaders of the company. Other founders if not that popular are still playing in crores. I believe its because of the founders that Infosys has a transparent nature when it comes to appraisals and salary hikes, but i doubt how much the middle management values these ethics.
Co-workers competence: I wouldn’t rate Infy high on this some employees are rather poor and what they have is working knowledge of English and Zero technical skills.

Bond:Infosys signs fresh engineers for a year long bond.

Facilities: Facilities are excellent, there are facilties for gym, sports and other activities but these resources are strained because they are inadequate in proportion to the number of employees, but one thing which deserves mention is Infosys toilets which are better than most 5-star hotels can boast off.

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