For an exclusive CNNMoney list, research firm Universum surveyed engineering and IT students in Europe to see where they most want to work.
The German conglomerate has jumped to the top of the list of most desirable employers, beating BMW Group (BAMXF) -- the top pick from 2012.
Siemens (SI) operates across a range of industries, including energy, railways, healthcare and home appliances.
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Universum, which compiled the ranking, said students value employers that offer innovation, international experience, job stability and leadership and development opportunities.
Siemens ticks all those boxes, said Universum Global director Claudia Tattanelli, adding that the company also offers impressive starting salaries.