Hyderabad: Firms offer freshers high pay packages

Hyderabad: Contrary to NASSCOM predictions of a major drop in IT hiring in the near future, it’s raining offers for final-year engineering students in various private engineering colleges in Hyderabad.

Nearly 80-90 per cent of students have got placements and a lucky few got big pay offers from the likes of Flipkart, Microsoft, etc. Five students from Vardhaman Engineering College, Shamsha-bad, which had the distinction of getting CPE (College for Potential Excellence) status from UGC this year, were selected by e-commerce giant Flipkart with annual packages of around Rs 23 lakh per annum.

Mr Sai Santosh, a CSE final-year student, was elated to be picked up by Flipkart. He said he would be joining in June. Ms Ayesha Farheen, an ECE final-year student from the same college, was recruited by Bengaluru-based New Sigma with a pay package of '21 lakh per annum. Dr Vijender Reddy, chairman, Vardhaman Engineering College, pointed out that Flipkart had scouted around leading private colleges before picking their talent from Vardhaman. The excellent programming skills displayed by the college students clinched the deal, he felt.

Sixty-seven noted companies visited the college for placements this year and selected nearly 460 candidates out of 540. The pay package ranged from Rs 3.5 lakh to Rs 23 lakh.

Chaitanya Bharathi Institute of Technology, Gandipet, regarded as one of the top private colleges in the state-capital, has chalked up 85 per cent placement.

Leading IT product companies like Microsoft, Oracle, Deloitte, JP Morgan, CA, FactSet and IT services companies like Infosys, Wipro, Cognizant, Accenture, Cap Gemini as well as public sector company BHEL conducted campus placement drives here to offer jobs to a whopping 900 UG and PG students. The pay package ranged from Rs 3.5 to Rs 12 lakh.

Mr N.L.N. Reddy, the chief placement officer at CBIT said that the placement drives commenced from July 2015 and will go on till May.

Accenture gave job offers to 402 students, while Infosys and Wipro shortlisted 267 students each from CBIT, he added. “Six students cleared all the test rounds in the Microsoft recruitment drive held recently. We are waiting for announcement from the IT firm; the annual package is Rs 21 lakh,” Mr Reddy said.

V.N.R. Vignana Jyothy, Bachupally, another fresh entrant to the CPE list of UGC, has reported 81 per cent placements this year with nearly 530 students selected in campus recruitments.

TCS gave job offers to 397 students from this college. Also, 565 students from Vasavi Engineering College were selected by 55-odd firms that visited the college. The pay package ranged from Rs 2.4 to Rs 10 lakh.