IT firms recruit high numbers on big campuses, may hurt smaller colleges

Early placement trends from top campuses in the state indicate that the appetite to recruit large numbers remains continues. However, entry-level salaries for graduating engineers remain unchanged for the fifth year in a row at Rs 3 lakh to Rs 4 lakh.

Vellore Institute of Technology (VIT) on Thursday announced that 3,934 offers were given to its students by three companies — Accenture, Wipro and Cognizant. This is higher than 3,603 jobs offered last year during a three-day placement process. “The salary offered by three firms was in the range of Rs 3.5 lakh to Rs 4 lakh, which has not changed much in recent years,” said G Viswanathan, VIT chancellor. Last year, 225 recruiters visited VIT. This year, 40 to 50 have completed placements and 150 are expected over the next few weeks.

SOURCE: timesofindia.indiatimes.com