IIT, IIM students get more than double the salary than other grads: Report

Candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs

As employers look for quality talent, engineering graduates from top IITs are fetching 137 per cent higher salary package than an average engineer, while management graduates from top IIMs are getting 121 per cent more than an average MBA graduate, according to a report.

In IITs, computer science or information technology graduates are receiving the highest annual package of Rs 6.9 lakh per annum, global online talent measurement solution provider Mettl said in its campus hiring report 2018.

The report said candidates proficient in new-age skills like machine learning and data science are found to be hired largely from the top IITs.

"New IITs are catching up fast with top NITs in terms of compensation packages offered, especially for CS or IT graduates where new IITs have surpassed top NITs," it said.

In a region-wise analysis of management institutions, the report observed that west India held a leading position with 17 per cent higher compensations than the average salary recorded.

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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.

It 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 per cent, while roles in senior management were the highest paid jobs commanding 118 per cent more than the average salary of MBA graduates, it added.

Mettl chief executive and co-founder Ketan Kapoor said in the present age, there is a rise in demand for skilled candidates across all domains and employers have taken the campus route to attract quality talent to meet this demand.

"However, employers face many challenges during campus placement drives. From early attrition to inability to retain candidates even after rolling out lucrative offer letters, companies face a major challenge that needs to be resolved in order to build loyal future leaders," he added.

Article Source : BS

CAT 2018 exam to be held on 25 November: Here's all you need to know

After 2011, IIM-Calcutta will conduct the Common Aptitude Test for the entry into prestigious management institutes again this year.

Brace yourself, MBA aspirants. This year the Common Admission Test 2018 (CAT 2018) will held on November 25 (Sunday). IIM -Calcutta (IIM-C) is organising the test for entry into top management colleges. Professor Sumanta Basu is the CAT 2018 convener this year.

The exam will be computer-based mode and will be conducted at more than 140 centres across India. It will be divided into three sections: Verbal Ability and Reading Comprehension, Quantitative Ability and Data Interpretation and Logical Reasoning.

According to the CAT official website (CAT 2017), a detailed notification for the CAT 2018 examination is likely to be released in July/ August. The results are usually released in the second week of January.

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CAT is one of the most prestigious management entrance exams -- the entrance to 20 IIM institutes and more than 100 other top business schools that include FMS, MDI, JBIMS, DMS, IIT Delhi and SPJIMR, among others.

According to Firstpost, Around 200,000 candidates take the exam every year for approximately 5000 seats in the IIMs. Candidates clearing the examination will be eligible for admission to management courses, including PGP, PGDM, PGPEM, EPGP, PGPBM, PGPEX, at various IIMs across the country.

Last year, the notification for CAT was released in the month of July. More than 231,000 candidates registered for the test and around 200,000 appeared for it. CAT2017 exam was conducted by the Indian Institute of Management (IIM)-Lucknow.

IIM Tiruchy 2018 placements: Students see 7.4 % jump in annual salary

172 of the 176 students from the Post Graduate Programme in Management, batch of 2016-18, registered for final placements; all of them bagged job offers

The Indian Institute of Management (IIM) Tiruchirappalli has reported a 7.4 per cent jump in the average annual compensation compared to last year. The average annual compensation of top 25 percentile increased by 24 per cent.

Also, there has been a four-fold increase in domestic offers with annual compensation above Rs 3 million, and an increase of six times in those with annual compensation above Rs 2 mn.

It may be noted that the batch size increased by 63 per cent compared to last year.

The Final placements were for the Post Graduate Programme (PGP) in Management for the batch of 2016-18. Out of 176 students in the batch, 172 registered for the placement programme and all of them received job offers. The highest international compensation offered was Rs 5.45 million per annum, while highest domestic annual compensation offered was Rs 3.17 million. Average annual compensation, across all domains, was Rs 1.42 million.

This year the institute witnessed participation from 113 companies providing 177 offers to the students. Recruiters offered roles across various domains like Finance, Sales and Marketing, Consulting& Analytics, Strategy & General Management, Operations and OB & HR.

Some of the regular recruiters include JP Morgan & Chase, L&T, Cognizant, Dell, ICICI Bank, Microsoft, Avalon Consulting, Deloitte, HCL, Royal Bank of Scotland, RBL Bank and Saint Gobain.

IIM Trichy hosted a number of new recruiters this year. Some of the prominent recruiters among them are GMR Group, UltraTech Cement, DHL, Tolaram Group, ValueLabs, Trafigura, VLCC and Kotak Life Insurance.

Consulting and analytics accounted for nearly 31 per cent of the offers, followed by sales and marketing (30 %), finance (17 %), strategy and general management (14 %) and operations (7 %) and others.

Prof. Abhishek Totawar, Chairperson, Placement and External Relations said that even with the 63 per cent increase in the batch size compared to the previous year, growth in the placement statistics are a proof of the brand image which IIM Trichy has built in the past few years.