Salaries Of Non-IIT Engineering Graduates


There are thousands of engineering colleges in India and lakhs of freshly minted graduates pass out of them every year.Obviously this represents a wide variety of engineering talent and not all graduates ,looking for jobs,manage to find one of their choice or earn their dream salary.But even if you don’t make it to the IITs,don’t despair,all is not lost,The lakhpati salaries can be landed even in the non-IIT campuses,as long as you are in the crowd that lands a job.But do remember we are talking CTC.

Following is a list of noteworthy salaries from various non-IIT colleges:

National Institute of Technology (NIT), Warangal-Facebook offered a computer science student an annual salary of $135,000 (approximately 84.6 lakh) during the ongoing placements — a record for the institute. Last year, the highest offer at the institute — at $100,000 (then 60 lakh) — came from Microsoft. This year Microsoft is offering those posted at headquarters a salary of $120,000 (75 lakhs).Google is offering a salary of $100,000 (around 63 lakhs), sweetened by a 15% bonus and 125 company stock units.  Read more of this post

CTC And Take Home Salaries


The early days of your business are likely to be pretty lean ones money-wise.At the time,if you get discouraged by all the great salaries your contemporaries are raking in and are thinking of giving up,find out if people around you are talking of CTC or take home salaries.Then consider how much they keep post-tax,and then compare it with what you manage to keep for yourself and then decide.

CTC or cost to company is what a company spends on an employee. If something is an “Expense” for a company because of an employee, its part of his/her CTC,

So,companies often add their contribution to the EPF,gratuity(which is payable 5 years from the date of joining),superannuation,leave encashments etc. to the CTC. If employees leave the company after a short while they may never see these incomes. Read more of this post

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