IT majors offers 7947 jobs to VIT students

Cognizant & TCS increased salary level by 10%

IT majors have offers 7947 jobs to the students of Vellore Institute of Technology (VIT), one of the largest universities in the country. Two IT majors - TCS and Cognizant - increased the remuneration by 10 per cent, while others including Accenture, Infosys maintained last year salary level.

G Viswanathan, chancellor, VIT said that this is the fourth consecutive year VIT has shared the slot one of the IT services companies. For the first time, VIT shared the slot one with 5 companies - Accenture, Cognizant, Infosys, TCS and Wipro. The selection process for all the companies happened between September 1 and 15, 2015.

Cognizant offered 1914 jobs, TCS -1864; Accenture -1472; Infosys -1456; and Wipro- 1241.

This is the first time in India, 5 companies are hiring more than 1000 students each from a single institution, said VIT Vice President Sekar Viswanthan.

This is also the highest number of recruitment done by individual companies surpassing their own records, Cognizant- 1914 (previous highest: 1911 (VIT-2015 batch), TCS -1864 (previous highest: 1755 (elsewhere-2012 batch); Infosys - 1456 (previous highest -1452 (VIT-2015 batch).

Super Dream companies (CTC more than Rs 10 lakh per annum) recruitment started in July with Paypal recruiting 13 students with a pay package of Rs 20 lakh per annum. Helpchat offered the highest package of Rs 22 lakhs per annum and recruited three B.Tech.(CSE) students. Visa, Microsoft, Cisco, Mckinsey, Inmobi, flipkart, Deshaw, practo, Pay U etc., As on date, 91 students have taken the offers.

Viswanathan noted, last year only one student has got a Rs 24 lakh offer, this year three students were offered Rs 22 lakh each.

Core engineering companies and IT companies that offered more than Rs. 4.5 lakh per annum include like Deloitte, Musigma, teradata, HP(R&D), Schneider Electric, Zs Associates, Grofers, Dell(R&D), clear trip etc., have recruited VIT students with a pay package ranging from Rs5-10 lakhs. Deloitte with 84 offers and Musigma with 63 job offers were the top recruiters in dream category. As on date, 100 dream companies have visited VIT and offered jobs to 372 students.

Overall conversion rate has increased by nearly 84 per cent, said Viswanathan. Number of students who have got jobs are 3,136 as compared to 2,800 last year. While number of jobs offered was 7947 as compared to 5828 last year.