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GAURAV SINGH Grade: 12
        

HI SIR


I HAVE GOT MECH. ENG. AT NIT JAIPUR. WHAT ARE THE PLACEMENT RECORDS FROM NIT JAIPUR. WHAT IS THE AVERAGE SALARY .


WHAT WILL BE THE AVERAGE SALARY AFTER DOING MBA FROM SOME GOOD INSTITUTES.


WHICH IS BETTER


1. NIT JAIPUR MECH Vs BITS HYD CHEMICAL


 

8 years ago

Answers : (1)

AskiitianExpert Shine
10 Points
										

Hi


To get info about the placement details for NIT Jaipur , please follow the link www.mnit.ac.in/placement/Placement_summary_2006_07.pdf .







For B.Tech students, Salary will be propotional to his ability & talent. There will be no much differences in the salary range for students in top level institutions like IITs, BITS & NITs.

But I am here provide you average salary range in these institutions for the last 5 years.

All IITs - Rs 525000/year OR 43750/month

BITs - Rs 475000/year OR 39500/month

NIT Trichy - Rs 400000/year OR 33000/month


Engineers get paid depending on their specialty and their skills, but even the lowest paid are above the median anywhere. Civil, industrial and manufacturing engineers are typically paid lowest, starting out, right out of college, in the US, at maybe $45,000/year. Chemical engineers right out of college will make $57-$60,000 or more. On average, an engineer will make about twice the starting salary when he retires (correcting for inflation, of course). Mechanical Engineers start at salaries about $5000/yr less, on average, than Chemical Engineers. Chem Es have been the highest paid for most of the last 50 years or more.


MBA:



According to a research on placement trend of the year 2009. This year, due to the economic recession and shrinking job opportunities in the market, fresh B-school graduates were left with very restricted options and had to accept job offers with low salaries.


While last year, on an average, the salaries rose by 20%. But there has been a fall of about 25% (Still on the brighter side) in compensation packages this year. Even the Indian Institute of Management (IIMs) institutes, considered to be the best B-schools in India, got a taste of meltdown. IMTs and XIMB have students who have accepted offers of 3.25 Lakhs by software companies.


Take IIM Ahmedabad (IIM A) for instance. According to the placemt statistics, this time the average domestic salary at IIM A came down to Rs 12.17 lakh from previous year’s Rs 18.75 lakh, with a decline of about 30%. On the international placements front, the picture was worse. Last year, several offers in the range of USD 280,000 to USD 360,000 were made to IIM A students, but this year’s highest offer was that of USD 83,000. A substantial USD 277,000 lesser! The picture is grimmer at other IIMs.


This year, the average salary at IIM Calcutta (IIM C) was recorded at Rs 12.70 lakh, a significant 23% lesser than last year’s average package. This year, the highest offer at IIM C was pegged at Rs 60 lakh per annum. However, last year the average figure was around Rs 16.40 lakh and the maximum package was somewhere between Rs 65-70 lakh. But this year’s highest international package at IIM C was an exceptional, as it touched the figure of USD 86,785, considerably higher than what was offered at other IIMs.


At IIM Indore (IIM I), too, plunging salaries remained the top concern. The average annual compensation offered at the campus stood at Rs 10.29 lakh, almost 21% lesser than that offered in 2008. An annual compensation of Rs 9.65 lakh per annum was offered to IIM I candidates without experience. Experienced candidates, however, were offered slightly better packages with an average annual compensation of Rs 10.67 lakh per annum.


Even at IIM Kozhikode (IIM K) the average annual salary declined considerably. While 2008 placements at IIM K saw a jump of 16%, this year the salary package offered slipped down by around 28%. Last year, the average annual salary offer was Rs 14.83 lakh, but this year the offers could not exceed the Rs 10.61 lakh per annum mark.


The MBA Placement Report also found that other top-line B-schools like FMS, JBIMS, XLRI, IIFT and SPJIMR saw a drastic decline in their pay packages too. Surprisingly, some B-schools are still grappling with the placement process.


The placements at International Management Institute (IMI) Delhi are not over yet. According to IMI Delhi 95% of its batch has been placed and they are hoping to place the rest by the end of June. The average domestic salary offered to the IMI Delhi students this year (as on June 12, 2009) is Rs 6.03 lakh per annum, while last year the average domestic salary was Rs 8.75 lakh per annum.


If this is the Placement at IIMs and top B Schools of India, imagine for others like Symbiosis, ICFAI, NArsee Monjee…etc.


 

8 years ago
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