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; many companies are moving to a PPO-based hiring model," he added.At IIT-Guwahati, the number of PPOs received till August 19 at 182 had already surpassed last year''s total of 179, said Abhishek Kumar, head of its Centre for Career Development.
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; many companies are moving to a PPO-based hiring model," he added.At IIT-Guwahati, the number of PPOs received till August 19 at 182 had already surpassed last year''s total of 179, said Abhishek Kumar, head of its Centre for Career Development.