MNCs Prefer Tier-I Engineering Institutions for Hiring Talent: Report

New Delhi: Tier-II engineering institutions are rapidly catching up with tier-I institutions for hiring but multinational companies still prefer premier institutes from a long-term perspective, says a report.
Zinnov, a leading globalization and market expansion advisory firm, engineering graduates from Tier-I institutes are paid 25 to 30 percent higher than tier II established institutes for similar job functions.
While the average total guaranteed compensation (TGC) for a graduate at a tier I institution was 8.07 lakh, the average TGC for a graduate from a Tier II established institution was 6.49 lakh.
The numerous reasons for the differential salaries in Tier-I as compared to other tiered institutes include: perception of performance and the types of jobs being offered.
Graduates from Tier 1 institutes are perceived to be more capable to take up important roles in the organization and are taken in it at higher level/grade.
Close to 60 percent of companies who visit both Tier I and Tier II institutes mentioned that students from Tier I institutes are hired at higher levels (Engineer level) whereas others are hired at associate engineer levels.

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