A US-based company has hired a NIT-Tiruchirappalli Computer Science and Engineering Graduate at an annual package of $1.25 lakh (about Rs 70 lakh), a senior faculty of NITT has said.
"There has been a significant increase in annual average salary in campus placement at NIT-Trichy. The average package for UG candidates is Rs 6.25 lakh as against Rs 5.5 lakh last year. NIT-T clinched 100 per cent placement for UG candidates. It was over 80 per cent for PG candidates. About 20 per cent of the PG candidates had gone for research and higher studies abroad," A K Bhakthavatsalam, Dean, Placement and Training told reporters here last night.
Last year, a UG candidate was offered USD 1.08 lakh.
For three consecutive years, NIT- T students have been bagging the highest annual pay packages in the country, he claimed.
Over 240 corporates, consisting of PSUs, MNCs, IT, manufacturing, banking and consultancy had visited the institute for the placement exercise.
NIT-T Director Srinivasan Sundararajan said the institute was in the process of recruiting over 100 faculty members.
The 8th convocation of NIT-T will be held on Saturday.