It''s raining jobs at IITs this year
The first flush of pre-placement offers being handed out to the students at Indian Institutes of Technology is pointing to a robust hiring scenario for the Class of 2023.IITs of Delhi, Madras, Varanasi, Guwahati, Gandhinagar and Mandi said they have seen a 15-75% increase in PPO numbers compared with this time last year, with the highest disclosed salaries offered so far at ₹91.2 lakh to ₹1.2 crore at these institutes.Amazon, Microsoft, Adobe, Salesforce, Texas Instruments, Qualcomm, Walmart, Bain Co and Boston Consulting Group are among companies that have already made pre-placement offers. The flow of PPOs will gain steam in September-October and will continue to come in till the final placements begin in December.According to campus placement cells, IT|software, core engineering, finance, analytics and technology sectors are the most bullish ones on PPOs. Despite concerns around overall IT hiring slowing down, placement sources said campus recruitment still remained a preferred choice for companies because of the cost factor, and also because fresh graduates could be trained in in-demand skills facing a supply crunch.IITs have also traditionally been more insulated from the vagaries of the job market compared with smaller institutes."The PPO numbers look promising," said Sathyan Subbiah, adviser (placements), IIT-Madras, which has seen a 33% jump in PPOs to 213 till Monday, compared with 160 a year earlier. "We expect more PPOs to come in soon
It''s raining jobs at IITs this year
The first flush of pre-placement offers being handed out to the students at Indian Institutes of Technology is pointing to a robust hiring scenario for the Class of 2023.IITs of Delhi, Madras, Varanasi, Guwahati, Gandhinagar and Mandi said they have seen a 15-75% increase in PPO numbers compared with this time last year, with the highest disclosed salaries offered so far at ₹91.2 lakh to ₹1.2 crore at these institutes.Amazon, Microsoft, Adobe, Salesforce, Texas Instruments, Qualcomm, Walmart, Bain Co and Boston Consulting Group are among companies that have already made pre-placement offers. The flow of PPOs will gain steam in September-October and will continue to come in till the final placements begin in December.According to campus placement cells, IT|software, core engineering, finance, analytics and technology sectors are the most bullish ones on PPOs. Despite concerns around overall IT hiring slowing down, placement sources said campus recruitment still remained a preferred choice for companies because of the cost factor, and also because fresh graduates could be trained in in-demand skills facing a supply crunch.IITs have also traditionally been more insulated from the vagaries of the job market compared with smaller institutes."The PPO numbers look promising," said Sathyan Subbiah, adviser (placements), IIT-Madras, which has seen a 33% jump in PPOs to 213 till Monday, compared with 160 a year earlier. "We expect more PPOs to come in soon