Chennai, 07 November 2017: Indian Institute of Technology (IIT) Madras has seen a significant increase of 56 per cent in the pre-placement offers (PPOs) this academic year (2017-18). As many as 114 PPOs have been received as of 6th November 2017 by students of IIT Madras as against 73 in the preceding academic year (2016-17).
Speaking about the increase in PPOs this year, Prof. Manu Santhanam, Advisor, Training and Placement, IIT Madras, said: “One of the principal reasons is an increase in the number of internships in companies that are large recruiters such as the American Software company Microsoft, the telecommunications equipment firm Qualcomm and the multinational financial services firm Goldman Sachs.”
The internships for students are facilitated through an Institute-coordinated process. The PPOs are a reward for the excellent performance of the students in the internships, said Prof. Manu Santhanam.
While the Core Sectors accounted for the highest number of PPOs, there were also a large number of offers from financial services firms. The major recruiters were Qualcomm, Microsoft, Citi, Goldman Sachs, Samsung R&D, and Texas Instruments.
Nearly 60 per cent of the PPOs went to students of Computer Science and Electrical Engineering Departments as the Core Engineering Industry caters to the other engineering disciplines.
Ms. Nori Archana, a B.Tech Civil Engineering Department student who will graduate in 2018 and has got a PPO from Goldman Sachs, said, “The number of PPOs have increased tremendously this year as compared to the previous one which is a good sign for both companies and students. We can clearly infer from this that companies are drifting to a PPO sort of recruitment from conventional Campus Placements.”
Ms. Sistla Meghana Aparna, a Dual Degree student who will graduate in 2019, said, “My internship at Microsoft was converted to a full-time offer. The entire process of getting an internship at Microsoft and conversion to PPO was eased with the help of Placement Office and I would like to thank them for the same.”