He had a job offer of Rs10 lakhs per annum, but Anand Meena, now in the final year of B Tech opted out of the cushy corporate job to start his own venture with two of his classmates.
With the recession blues fading, the job offers in Delhi Technological University (DTU), have gone up 30 % this year, compared to last year.
What's more, with the markets looking up, more and more students like Meena are looking to start their own venture.
"I always wanted to do something on my own instead of working under some one and this was only possible by opening by own venture," said Meena who along with Anwesha Bose and Abhishek Bindal of the same batch have started Acube Solutions.
The venture deals with providing web solutions ranging from basic website designing and management, domain and web hosting to live webcasting of events.
Another final year student of Electronics & Communication Engineering, Ashish Mittal in collaboration with Ankit Aggarwal, alumni of DTU has started — Innovatiview — a venture that helps design and develop cost-effective solutions in the field of Robotics &Automation.
"So far, we have developed mobile jammers and our main clients are corporate offices and universities," said Mittal who too gave up the job offered to him.
"We encourage students to start their own ventures especially in the area of cutting-edge technologies like Robotics and Advanced Communication Technologies. There is a rise in techno-entrepreneurship spirit at the varsity because of which a good number of students this year have opted to set up their own techno-enterprise start-ups," said Vice-Chancellor PB Sharma.
The varsity has also seen a considerable increase in the number of jobs being offered this year.
A total of 482 job offers have been made by 77 companies so far, which includes 68 double or multiple job offers. Last year, 44 companies had visited DTU during the same time period and made 280 offers.
The prominent companies, which have visited DTU this year, include Microsoft, Maruti, IOCL, GAIL, Sony, Yahoo, C-Dot, Nestle, JP Morgan, L&T, Tata Motors, Google, TCS and NTPC, among many others.
The highest pay package offered so far for this year is R10.49 Lakh Per Annum (LPA) from Microsoft, which has made 4 job offers.
The average pay package so far is also slightly better than last year at over R6 LPA. With recession blues getting over, it is expected that the overall pay package will increase by 20% from last year.
"The focus on industry relevant education and innovations at DTU is being widely appreciated by the industry. The highly impressive placements this year speaks volumes about industry's faith in DTU," said Sharma.