Tech firms, from giants such as Oracle and Microsoft to startups, are providing attractive wages to employ graduates from the top engineering schools of the country for newage and specialized IT jobs even as in general employing stays muted in the sector.
Premature trends from pre-placement proposals at IITs (Indian Institutes of Technology) as well as concluding placements at other leading colleges of engineering represent that firms are providing almost 60% higher wages as compared to last year in emerging techs such as machine learning, artificial intelligence (AI), robotics, and data science for niche IT profiles, as per placement cells at these organizations.
“Many companies arriving for IT profiles and IT companies are elevating their salary proposals to Rs 25 Lakh each year from Rs 16 Lakh each year to get a seat in early day slots,” claimed placement head at IIT Roorkee, NP Padhy, to the media in an interview.
“At a time when tech firms are experiencing rapid alterations, we are seeing more proposals and higher wages at our campus this year from IT firms to grab skill to remain ahead of competition,” Padhy claimed in his statement.
A member of placement cell at IIT Kanpur claimed that firms are proposing Rs 20–25 Lakh each year for new IT jobs such as machine learning and AI, up from Rs 15–20 Lakh that a usual recruiter might provide for any IT job till 2016.
For the initial time, firms are giving a visit to IIT Banaras Hindu University (BHU), Varanasi, to pick engineering skills to build groups for machine learning, AI, and robotics, claimed a person in the placement team of the institute.
At IIT Bombay, PPOs (pre-placement offers), or job proposals given to candidates who at companies did internship, in IT segment outnumbered fiscal services PPOs in 2017. “The number of PPOs provided in software/IT has jumped by 22.5% in 2017 at Bombay while the amount of finance PPOs have dropped down by 16%,” claimed a student, who is an element of its placement group, to the media in an interview. In 2016, highest PPOs were established at Bombay in the finance space.