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Indian Industry

Golden time for engineers

IT firms are hiring more and more people form engineering background. Quality engineering work is being outsourced to India apart form other work. Many engineering companies are taking up design and project management jobs for US-based companies. Therefore there is an increase in demand for engineers in KPO sector. Organisations providing engineering services are employing engineers from various disciplines like civil, mechanical, electrical, chemical, etc to work in KPOs.

The number of people hired this year was far more than the number of people hired in the last year. The chief reason being the growing demand for the products and services, both national and international market.
The average pay package increased substantially with campus placements improving from 72% last year to 87% this year. Statistically, the average salary increased by 28% to Rs 3.4 lac in 2007 from Rs 2.66 lac in 2006 for a fresh engineering graduate.

IT firms paid the highest pay masters with the average salary paid by them spiraling from Rs 15 lac a year in 2006 to Rs 18 lac a year in 2007. The prominent reason for this salary increase is the supply crunch of talented engineering work force.

With booming economy, the engineering graduates have more options now than the traditional core and IT sector, with increasing demand for them in financial services, retail and manufacturing sector.

This year, Schlumberger Ltd, a European oilfield services firm offered the highest pay package. It hired 3 students from Delhi. Two of them were from Delhi College of Engineering and one from Netaji Subhas Institute of Technology offering a pay package of Rs 45 lac per year.

The preferred campuses for top recruiters being the various IITs, NITs and other RECs, especially IIT Kharagpur, NIT Warrangal and IT, BHU.


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