Schlumberger also recruited students from BITS Pilani with an offer of Rs.4.1 million, NIT Tirucharapalli (Rs.4 million), IIT Guwahati (Rs.3.24 million), IIT Kharagpur (Rs.2.4 million), IIT Kanpur (Rs.2.3 million) and Institute of Technology, BHU at Varanasi (Rs.2.3 million) per annum.

International news agency Bloomberg offered an IIT Chennai graduate Rs.4 million. Similarly, Capital One hired an IIT Roorkee graduate for Rs.3.4 million per annum. The highest offer made by an IT firm was Rs.1.8 million.

The world's largest software firm Microsoft hired engineering and computer science graduates from five T-schools, with offers ranging between Rs.900,000 to Rs.950,000 per annum.

The average annual salary for an engineer recruited from the 2007 batch shot up by 28 percent to Rs.341,000 from Rs.266,000. Similarly, maximum salary offered by IT firms has increased to Rs.1.8 million from Rs.1.5 million last year.

Intake from the prestigious IITs, however, declined to 28 percent from 35 percent last year due to rising average wages sought by students of these premier institutes and graduates looking beyond the IT sector as a career opportunity, the survey pointed out.