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By Way2k Way2k
Way2k 26 Sep 2012
More Placements, lower salaries

Though the threat of yet another economic slowdown is looming large across the world, campus recruitments are in full swing in most engineering colleges and management institutes in the city. A number of leading institutions have say that there is a 50 percent increase in the number of placements this year when compared with the previous year. But opportunities continue to be inadequate for those opting for arts and science subjects. Only a very small percentage of such students get selected, mostly for content development and telemarketing.

More Placements, lower salaries

Although there is growth in the number of vacancies, top institutes confirm that their pay packages are not as attractive when compared to previous years. The highest offer this year was 15 lakh per annum, made by Google, to a student of Coimbatore Institute of Technology. Microsoft emerged second by offering 12.6 lakh to 13 students of Amritha University. The highest pay package offered to MBA degree holders in Coimbatore is from Oman-based Khimji Ramdas, engaged in consumer products distribution, offering 10.5 lakh per annum to an Amrita University management student.

Campus placements are happening in key institutions including Karunya University, Amrita University, Coimbatore Institute of Technology, Kumaraguru College of technology, Park Group of Institutions, PSG Institute of Technology, Bannariamman Institute of Technology and Government College of Technology. The average pay package for management courses comes around 4.2 lakh per year while it is 3.4 for IT graduates. In the core engineering field, the average salary offered is 3 lakh. Meanwhile, much hyped courses like aeronautical engineering are failing to attract recruiters.

Anusha R. Mahesh, CEO of Park Group of Institutions said that campus recruitments have started much earlier this year. "As UGC and NAAC have allowed us to start the recruitment process by September itself, we were able to win the attention of potential employers. Major companies including Infosys, Accenture and Mahindra have started recruiting and we hope that more than 80 percent of the students would get proper placement," she said.

According to Dr. P. R. Krishnakumar, CEO of Nehru Group of Institutions, many leading companies including Infosys, HP and HCL have started recruiting from institutions. In computer related courses, the placement is 85% while in core engineering, it is 70%," he said. Demand for MBA graduates is mostly from the retail majors including Spencers, Reliance and finanace majors like HDFC Bank, he added.

K. Senthamaraikannan, the placement officer of Kumaraguru College of Technology says that this year the placement was very good. "This year we have reached around 87% already. In a few weeks we will expect to cross 90%," he said. N. Mahendran, placement officer of Hindustan College of Engineering, also provides a rosy picture. "Last year we had around 85% placements. This year the placements have started early. As of now, 5 MNC companies have recruited 106 of our students out of a total of 320," he said.

Among the major IT and IT enabled companies, TCS has already announced that it would recruit at least 60,000 fresh hands this year. Pagoda, IREVVA, Idea, L&T, Infotech, Wipro,Ashok Leyland, Robert Bosch, Cognizant, Ford, Amazon and Volvo have already conducted campus recruitments in Coimbatore. Local firms like Shakthi Sugars and LMW are also hiring this year.

"For better performance in campus interviews, students much have good communication skills. Soft skills must be part of the curriculum. As we impart such skills to our students, they have been successful in campus interviews," said C Parameswaran, Director, Corporate and International Relations at Amrita University.

Courtesy: Times of India

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