The salary of an MTech graduate in Mechanical Engineering from IIT Bombay varies from branch to branch.
MTech students are usually hired by core companies that gain less profit than Software Companies and hence end up with lower packages than BTech students. Moreover, companies are aware that BTech students are all-rounders and thus prefer them to MTech students. However, the promotion of MTech students is faster than that of BTech students.
The salary package after 5 years of graduating from NICMAR is around INR 25-30 LPA. This is an approximate figure. Naturally, there are many factors that will determine your salary package. Some of these factors are your job profile, starting CTC, career growth, industry trends, your organization, company switch, etc.
Usually, the salary package becomes double in big organizations after 3-4 years of joining.
The salary-wise placement statistics of this year at FMS are as follows
Below INR 20 LPA: 13
INR 20 LPA – INR 24.9 LPA: 89
INR 25 LPA – INR 29.9 LPA: 33
Above INR 30 LPA: 122
So it can be inferred from the above data that the lowest package was around 5-15 LPA. Such low packages are accepted by students who are in desperate situations. This can be due to a poor CV or lack of communication or an inability to handle the stressful placement process. Such desperate situations result in compromising brand name, CTC, location, domain, or designation.
So if you are concerned that the lowest package is less than what you are expecting, rest assured. Because you can still work in improving your profile, work on your content and communication and make the best of the on and off-campus opportunities.
During the 2023 placements, the overall average package of the MBA batch 2021-23 was INR 10.42 LPA. The average package increased by 19.63% from INR 8.71 LPA in 2022.
The average package of the last 2 years is as follows:
Academic Year | 2021-23 | 2020-22 |
---|---|---|
Overall Average CTC | INR 10.42 LPA | INR 8.71 LPA |
Average CTC of Top 10% | INR 17.66 LPA | INR 14.31 LPA |
Average CTC of Top 25% | INR 13.97 LPA | INR 11.7 LPA |
It is important to understand that MBB, a Management consulting firm operates on a level playing field when it comes to career development and opportunities. Regardless of one's background, the only determining factor for success at MBB is one's performance within the firm. The company values hard work, dedication, and results above all else, which is why your alma mater will not have any impact on your salary, career trajectory, or the type of work you are assigned.
This emphasis on the performance of graduates from IIMs and JBIMS over external factors is a unique aspect of MBB and demonstrates the company's commitment to providing equal opportunities for all its employees. The company recognizes and rewards those who have the skills, drive, and determination to excel in their roles, regardless of where they come from.
In conclusion, it is essential to understand that your alma mater, whether it is IIM or JBIMS, holds no weight in determining your salary in MBB. The focus is solely on individual performance, and the company is committed to providing equal opportunities for all its employees.
Being one of the oldest and top IITs, IIT Roorkee boasts an excellent placement scenario with many top companies visiting the campus.
This year too, the entire batch got placed in their 4th year. Some students even got 2-3 job offers. Many seniors were given PPOs while doing their internships.
Nutanix offered job roles to many students. The highest international salary package stood at 1.3 CPA whereas the highest domestic salary package offered was 60 LPA. The lowest salary package offered ranged between 8 LPA - 9 LPA.
A number of big firms made it to the placements like
The most common role offered was that of an SDE. Non-core industries included consulting, finance, etc.
The Department of Instrumentation and Control Engineering at NIT Trichy has fifteen permanent faculty members with teaching and research interests that cover a broad range of fields. The department consists of six well-equipped laboratories which are attached to the curriculum development. Additional four research-oriented labs are present in the department. All laboratories are very well established with adequate facilities.
Instrumentation and control engineering is a diverse field and offers scope in various fields. ICE at NIT Trichy enjoys placement good enough to be considered in top 5 branches. As a student of ICE, you can choose between software, electronics, core instrumentation, and management jobs. So if you are good and have got a decent CGPA, you won't find any difficulty getting a job in some top companies.
Particulars |
Statistics |
Fees |
80-90% |
Average Salary |
INR 20 LPA |
Highest salary |
INR 12 LPA |
Top Recruiters |
Tech Mahindra, TCS, Texas Instruments, JP Morgan, etc. |
Go for this course only if you are really interested in Instrumentation. Otherwise, join some other branch in NIT Trichy so that you are able to learn something.
Rather than a stipend, students at AIIMS Bhubaneswar, Patna, Raipur, and Rishikesh are offered salaries that involve the deduction of taxes. The total salary of a Junior Student both clinical and non-clinical is around INR 90000/month. After the deduction of taxes and house rent, it amounts to INR 76000/month.
These figures keep changing with time.
Every company has its own way of breaking down the CTC components. So, CTC and in hand salary aren’t directly correlated.
For example, Microsoft offers a CTC of 44 LPA but the base salary is somewhere around 13-14 LPA. Codenation, on the other hand, offers 33.5 LPA with a base salary of 25+ LPA.
This doesn’t mean that Microsoft isn’t paying what it offered. Brands like Microsoft, Google, etc. offer lots of perks and employee benefits. These are included in the CTC. On the other hand, startups offer more cash and lesser perks.
Investment banks like Goldman Sachs or Tower Research also pay a large portion of the promised CTC as in-hand salary. Atlassian offers a CTC of 52 LPA, but the in-hand salary is less than that of Goldman Sachs whose CTC is between 32-35 LPA.
So the graduates of IIIT Allahabad, IIIT Hyderabad, or any other college will get an in hand salary depending on the recruiting company.
At present, the fellowship stipend at CMC Vellore is INR 59,000. After PF deduction, the in-hand amount received is INR 53,900. In addition to the monetary benefit, the fellows receive other benefits as well.
Accommodation
Study Material and Software: The fellows get access to study material and software, but on a paid basis. For this, they are charged INR 900 monthly, and this amount is deducted from their stipend.
Parking: For a monthly pass of INR 300, the fellows can access the common parking facility opposite the jubilee gate.
These are the perks (and disadvantages) of joining CMC Vellore for fellowship. I would recommend you compare the conditions with other premium medical institutions before choosing CMC Vellore for your fellowship.