The Hindu Business Line : No big deal on IT salary front

It is well known that IT companies and their employees are rolling in money, a fact that has not gone unnoticed byparents with marriageable girls. They have moved on from IAS boys to NRIs, and now have IT sector employees at the top of their shopping list. Parents of marriageable boys, too, are on the lookout for girls in the IT sector. They had better have a fall-back option, just in case.

The IT sector is scaling peak after peak, but perhaps, half its employees, mostly engineering graduates, earn only Rs 20,000 per month.

Mr Kris Gopalakrishnan, COO and Deputy MD, Infosys, stated during a conference call discussing the IT giant's first quarter performance for 2006-07 that entry level employees were paid Rs 20,000 a month.

A look at B. Tech/M. Tech placements at IIT Kharagpur this year threw up some interesting nuggets of information. In non-IT sectors B.Techs were offered an average of Rs 48,000 a month. Those who took jobs with TCS, Infosys, Wipro, IBM, Patni or Cognizant, averaged only Rs 21,000. Even those who were offered jobs by `lesser' IT companies got Rs 39,000, that is, 85 per cent more.

No doubt average salaries paid by `lesser' firms are somewhat overstated because of the better offers made by Google, Oracle, Microsoft, Yahoo and Texas Instruments; ranging from Rs 40,000 to Rs 75,000. However, these five companies together recruited only 15 B.Techs against the 211 who were offered IT sector jobs.

The experience of M. Techs was not very different. Here, too, the non-IT sector topped the list, with Rs 36,000 a month. The IT `big boys' were at the bottom, with Rs 22,000. Other IT companies averaged Rs 42,000.

However, here too, the latter category did receive a boost because of the 17 students picked up by Yahoo, Symantec, Microsoft, Intel and Texas Instruments at salaries ranging from Rs 44,000 to Rs 58,000.

More Stories on : Education | Human Resources | People | Infosys Technologies Ltd

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