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Highest paying engineering branches: Know top recruiters & salaries offered
By Goutam Chatterjee
Often, engineering students mull over the question of what can be the best or top or the highest paying engineering branch. Many experts advice these students to follow their interest or liking but without realizing that just after schooling, it is not possible to gauge interest in an unknown field.
It is also a myth that mere selection of branch on the basis of current popularity can be the highest paying. The two most important factors for the success in a career ahead are: Students own potential & hard work and the category & reputation of the institution, which students go for. In making this statement, I am excluding top 2 lakh students, each year who are aware of this fact.
Here is a list (in chorological order), of the top (read that as highest paying) engineering branches along with the reasoning of it being the best:
Computer Science Engineering:
In India R&D, innovation and electronics manufacturing sectors are very weak and do not provide enough opportunities to engineers of electronics, chemical, textile, instrumentation, bio-medical and aeronautical branches. However, service sector is the strongest as per job opportunities and commercial gains. Be it banking, airlines, insurance, railways, hospitals, hospitality or IT field; every where there is a requirement of software solution. The billions of devices produced in every sector from automobile to aerospace need microprocessor control, which are software driven. It is not only development or coding of these services and devices but also testing and life-time support, which needs CSE engineers in drove. This demand is not going to go away ever, albeit may slow down for limited periods. The major chunk of jobs offered in India, every year, are for CS engineers.
Expected salary: The expected salary for freshers is from Rs. 2.4 Lakh PA to Rs. 8.5 Lakh PA for jobs in India by the major MNCs. However, this goes up to Rs. 1 Crore PA for jobs offered to IITians by IT giants like Facebook, Google and Twitter. The top notch financial sector giants like Moodys, Meryl & Lynch, Poor & Standard, HSBC, City Bank etc offer Rs. 10-30 Lakh PA to the graduates of IITs, NITs, VIT, BITS and Manipal. The middle range MNCs like Mu-Sigma and Samsung easily offer Rs. 6.5 Lakh to Rs. 8.5 Lakh PA to the graduates of government and better private engineering colleges.