Tuesday, September 29, 2015

Jobs swing in: Pre-placement offers up 50% at IITs; highest compensation tops Rs 1 crore

The Indian Institutes of Technology (IITs) are seeing a jump of up to 50% in pre-placement offers(PPOs) from the year before. That's good news for students at the premier engineering schools — more of them will now have jobs in hand even before final placements kick off in December.

By September last year, IIT Madras had received about 35 PPOs compared with almost 50 this year. IIT Bombay has so far received 123 PPOs, exceeding the 110 it got all of last year. IIT Kanpur has received 90, which is 24 more than the tally by last September. IIT Kharagpur has seen a spurt of almost 55% in PPOs to 142 until now from 92 ast year. Several investment banking and financial services companies are making a comeback to IIT campuses after a gap of two years or so. These include JP Morgan, Morgan Stanley and Barclays at Madras and Kharagpur. Other are making their debut, like Credit Suisse and Capital One at IIT Bombay. Ecommerce companies and startups remain the largest recruiters. For complete reading see here

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