12.5% rise in salary offers for IMT students

The Institute of Management Technology (IMT), Ghaziabad, has seen a 12.5 per cent increase in salary offers for the executive education batch this year at Rs 18 lakh from Rs 16 lakh offered last year.

The highest offer was made by HCL Technologies. In fact, 30 per cent of offers were made by information technology (IT) companies, followed by pharmaceutical firms and banks — each at 20 per cent.

“HCL Technologies has come to the campus for the first time to hire students of the executive batch. The IT companies are again hiring because their global projects are back on track and we expect this trend to pick up,” said Prakash Pathak, head, corporate relations, IMT Ghaziabad.

Companies that have offered placements this year include Dr Reddy’s, ICICI Bank, Dhanlaxmi Bank, Kotak Mahindra Bank, Deloitte and HDFC Bank.

The average salary for the batch of 59 students was Rs 12 lakh and the profiles on offer were consulting and business analytics in IT, sales, marketing and research in pharma.

“The interesting trend this year was that cross domain hiring happened with banks hiring for their IT profiles. Similarly, IT firms have hired people with banking and logistics backgrounds. Companies have again started showing interest in lateral hiring,” he said.