Pre-placement offers find more takers at IITs amid global fears

1 month ago 29

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MUMBAI: The uncertainty over international opportunities, the shakiness of Big Tech in the US and the looming fear of recession, made candidates across the Indian Institutes of Technology sign up for what's better:

Pre-placement offers

(PPO). Most tech colleges have witnessed an increase in PPOs from companies and compensation has ballooned as compared to the previous years.
Students get a shot at these PPOs at the end of their internships with companies. The rising number of PPOs reduce the institutes' dependence on final placement. IIT-Bombay has already seen 217 PPOs that have been accepted by students from around 300 offers that came in. Data from the placement office shows that in 2021, the Powai college had 248 offers and 201 PPOs were accepted and a year ago, 153 offers were made.
This year, IIT Madras has received 333 PPOs and numbers are only rising. This is 44% higher in comparison to last year-231 PPOs were offered, of which 178 were accepted.
The corresponding current numbers for IIT Delhi were not made available. Highlighting the importance of internships to campus placements in IIT Madras, professor P Murugavel, advisor (internships), IIT Madras, said, "The internship program is giving an opportunity for students to demonstrate the skills learnt and the companies to fetch the desired talents. The success of the internship programme at IIT-M is evidenced from the greater number of PPOs received this year." Interestingly, PPOs in the core engineering space and for R&D have accounted for 44% of the PPOs at IITM.
Several IITs have improved the PPO acceptance rate too compared to the past; compensation has also soared. IIT Guwahati received 218 PPOs, highest in the past three years. IIT Guwahati has witnessed a rise in the hiring trend specifically for technical roles with more companies giving PPOs through internships. The highest PPO of Rs 1.20 crore was received this year as compared to Rs 56 lakh last year. Abhishek Kumar, head, Centre for Career Development, IIT Guwahati, said, "Major companies have started showing more interest in recruiting candidates through PPO mode." Microsoft offered 26 PPOs, followed by Oracle (20).
At IIT Mandi, one international offer has come in with Uber offering the highest PPO in terms of salary.

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