Stagnant IT fresher salary drives engineering graduates to look elsewhere

On the other hand, increasing number of global companies and start-ups are hiring and attracting talent at campuses with their higher salary offers

Information Technologies (IT) sector, which used to be the largest recruiter of freshers from engineering colleges offering them competitive salaries, seems to be losing its edge to non-IT sectors, which are offering better pay packets to these campus recruits. According to a report by JM Financial, over the past 10 years, the average campus salaries from mass hiring by IT firms have grown at a compound annual growth rate (CAGR) of just 3 per cent as compared to 8 per cent increase by the non-IT companies. Consequently, more engineering graduates are getting attracted to non-IT companies as start-ups and global