Shout out to engineering students, be ready for fat packages by startups
Advertisement
The biggest cash-cow in the Indian market, the e-Commerce sector, will be offering handsome packages to graduates of best engineering colleges in the near future.
As reported by Economic Times, at least 11 startups will be offering packages in excess of Rs 20 lakh this year to graduates of country’s best engineering colleges like Birla Institute of Technology and Science (BITS) in Pilani, apart from the Indian Institutes of Technology (IITs).
If previous year’s records are to be believed, the average package offered to a BITS Pilani graduate was around Rs 7.5 lakh.
Startups like Zomato, Practo, Endurance, InMobi, Code-Nation, Housing, Unicommerce, Sprinklr and Codigami are among those who have lined up to hire fresh talent from the colleges and are offering attractive salary packages. The trend might also challenge a couple of top traditional recruiters.
Campus sources informed that only three startups offered Rs 20 lakh-plus packages last year and that the number is nearly four times with a number of startups raising offers and new ones getting space into the list.
These startups are offering more compensation than well-established companies. Popular recruiters Texas Instruments and Qualcomm , for instance, pay in the bracket of Rs 14-15 lakh, while Microsoft offers Rs 18 lakh for domestic postings. Visa, which hired around 250 students across engineering campuses last year, is paying Rs 18 lakh for Indian roles.
According to the Campus sources, the presence of so many cash-rich startups will spark a fierce talent war with traditional, well-known recruiters for the best and brightest among the graduating batch of 2016.
"A number of bright students who would otherwise get into traditional development roles in branded companies, get swayed by the compensation and join these startups," said G Balasubramanian, chief placement officer, India and Dubai, BITS Pilani University. But it's not just about the money, it's got a lot to do with changes in outlook as well.
Image: thinkstock
Advertisement
As reported by Economic Times, at least 11 startups will be offering packages in excess of Rs 20 lakh this year to graduates of country’s best engineering colleges like Birla Institute of Technology and Science (BITS) in Pilani, apart from the Indian Institutes of Technology (IITs).
If previous year’s records are to be believed, the average package offered to a BITS Pilani graduate was around Rs 7.5 lakh.
Startups like Zomato, Practo, Endurance, InMobi, Code-Nation, Housing, Unicommerce, Sprinklr and Codigami are among those who have lined up to hire fresh talent from the colleges and are offering attractive salary packages. The trend might also challenge a couple of top traditional recruiters.
Campus sources informed that only three startups offered Rs 20 lakh-plus packages last year and that the number is nearly four times with a number of startups raising offers and new ones getting space into the list.
Advertisement
According to the Campus sources, the presence of so many cash-rich startups will spark a fierce talent war with traditional, well-known recruiters for the best and brightest among the graduating batch of 2016.
"A number of bright students who would otherwise get into traditional development roles in branded companies, get swayed by the compensation and join these startups," said G Balasubramanian, chief placement officer, India and Dubai, BITS Pilani University. But it's not just about the money, it's got a lot to do with changes in outlook as well.
Image: thinkstock
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market