IITs Record Highest Pre-Placement Offers: Upto 55% Increase In Offers For Class Of 2022

Indian Institutes of Technology (IITs) have witnessed record pre-placement offers (PPOs) for the class of 2022. With the recruitment picking up pace as the pandemic diminishes, recruiters are seeking to snap up engineering talent amid an unprecedented surge in demand. IITs all around India have experienced a 22-55% year-on-year increase in offers. Read the complete article to learn more about the record IIT placements. 

Record placement season at IIT

With the economy slowly catching up as the pandemic eases out, the companies are on a recruitment spree to hire the best candidates. Indian Institutes of Technology (IITs) have received record pre-placement offers (PPOs) for the class of 2022

“It is a welcome trend,” said Prof Vinay Sharma, professor in charge of placement and internship at IIT Roorkee.

With the acceleration of digitalization, demand for tech talent has witnessed a surge. The demand for freshers is at an all-time high as companies want to recruit talented individuals and train them for the new-age technologies. This has further increased the importance of college placements. 

“The rush is due to an increase in hiring requirements of huge tech firms. Due to more startups going for IPOs (initial public offerings), they are also looking at expansion,” said a student representative at the placement cell of IIT Kanpur.

IIT Pre-placement offers: Demographics

PPOs (pre-placement offers) are rolled out to candidates exhibiting exceptional skills while pursuing their internships. This facilitates the employers to further assess the candidates before absorbing them as full-time employees. 

IITs in Chennai, Kanpur, Roorkee, Guwahati, Mandi, and Jodhpur have seen a 22-55% year-on-year increase in offers, even before the final placement season kicks off for the older IITs next month, as explained by the placement officials at these institutes. 

Tech Mahindra’s global chief people officer Harshvendra Soin explained, “Hiring through PPOs gives both the parties, the candidate and the company, a chance to assess each other for a long-term commitment. We have increased our hiring from leading IITs and other engineering colleges by giving PPOs.”

The major companies that rolled out PPOs:

1. IIT Roorkee 

IIT Roorkee received a total of 214 PPOs across multiple job roles. Last year, IIT Roorkee had received 154 PPOs, indicating a positive growth of 39%! Out of the 214 PPOs, students accepted 154 PPOs in contrast to 137 PPOs of the last year. 

“The pandemic has brought some directional changes in the placement scenario wherein companies related to AI, software, network, analytics, etc., have been aggressive in hiring as compared to manufacturing, infrastructure or core sector at large,” said Vinay Sharma, professor in charge of placement and internship at IIT Roorkee.

2. IIT Madras

IIT Madras received 227 PPOs in 2021, while it had received 186 last year. The highest package was INR 46.5 lakh per annum, up by 29% as compared to INR 35.98 lakh last year. 

3. IIT Guwahati & IIT Kanpur 

Both IIT Guwahati and IIT Kanpur received the highest package of INR 64 lakh per annum this year. The number of PPOs received by IIT Guwahati increased from 133 to 171, up by 22%, as per the reports by Mr. Abhishek Kumar, Head of the center for career development. 

IIT Kanpur witnessed a 37% increase in the number of PPOs to 207, from 151 of the previous year. 

4. IIT Mandi & IIT Jodhpur

At the IIT Mandi, students accepted 49 PPOs this year, 10 more as compared to the previous year. IIT Jodhpur received 34 PPOs, an increase of 55%. 

“The number of recruiters participating in our internship drive has increased with the drive being conducted online due to the pandemic,” said Tushar Jain, advisor, career & placement cell, IIT Mandi.

The rush for grabbing PPOs

For a second consecutive year, the PPO process was implemented through the online mode. With the trend for internships picking up pace, PPOs have become a vital way for students to grab the best opportunities in the field of their interests. 

CS Shankar Ram, advisor (training and placement), IIT-Madras, explained, “Internship process provides a good opportunity for companies to evaluate our students who intern with them over an extended period. "It also helps our students to learn more about the company, the roles that they may be offered, and potential career prospects." 

 

You might also be interested in reading: 

1. IIT Goa invites students for a three-week research internship
2. Now apply at IIT Madras without JEE score and learn data science!
3. QS World University Rankings 2022 | IIM-A, IIM-B, IIT-B, IIT-D, IISc and more make it to Top 100!
4. IIMs and IITs see an upsurge in placement packages during COVID-19
5. This IIT Kharagpur graduate quits his US job to start a dairy farm that now earns Rs. 44 crore