Global Businesses Pay City Talent Big Pay for Web, AI, ML
Hyderabad: The demand for web technologies, artificial intelligence (AI) and machine learning (ML) is on the rise when it comes to internships for students in the city. Surprisingly, many companies have also recruited students for data science positions. Start-up culture is also on the rise and offers a lucrative package for students looking for career advancement.
The salary package also shows a healthy trend with the average CTC (cost to the company) for an employee in 2021 at around Rs 28 lakh and more per year in a few companies. The basic package offer starts from Rs 18 to Rs 22 lakh per year and extends up to Rs 65 lakh.
Many educational institutions in the city have also observed an increasing demand for the number of international offerings for students. “The number of international offerings at Indian Institute of Technology, Hyderabad (IIT-H) has increased year by year. In Phase 1 internships for the academic year 2021-22, 34 international offers were received. to date (up from 31 overall in 2020-2021) “said Dr Abhinav Kumar, Head of Faculty, Career Services Office, IITH. He added that phase 1 started in December and that phase 2 is expected to start from January 2022 for all undergraduate and graduate students.Placement opportunities are available in various fields such as automotive, data analytics, information technology, machine learning, etc.
A few employees also got a raise, and over 90 percent of them were placed just in the first 10 days of the placement season. “Compared to the average package last year, we saw an increase of around 15-18%. A good number of world famous companies have organized virtual placement campaigns and offered positions to our students in better than usual packages. High demand has been observed in areas such as web technologies, AI and ML, ”said TV Devi Prasad, Internship Manager at the International Institute of Information Technology, Hyderabad (IIIT-H) .
The internships will start in mid-January 2022 for the PGP class of 2022; the cohort will graduate in May 2022 and join their organizations by June. “The seven main functions for which hiring takes place are: product and technology management, sales and marketing, consulting, general management and strategy, finance, supply chain and operations, and business analysis, ”said Ankit Agarwal, senior associate director, career advancement services. , Indian School of Business (ISB).
ISB has always been strong on the international investment front, with companies from Southeast Asia, the Middle East, Africa and others coming forward looking for talent. In fact, more than a fifth of former ISB graduates over the past 20 years have worked or are working outside of India.
These institutions regularly organize interactive sessions, career counseling programs and other activities to educate students at an early stage.