Fifty-four engineers and managers working with Indian and multinational IT companies, with an average experience of 7.5 years, have responded to a survey about engineering education. Respondents have assessed the importance of 49 parameters. Twenty-three of these parameters correspond to core engineering and general professional competencies for successful professional career. A new figure of merit has been used for classification of competencies into vertical categories of pivotal, critical, obligatory, desirable, and complementary. The findings are also compared with that of Successful Practices in International Engineering Education (SPINE) study. (Contains 1 table.)