IIT Placements see downturn; PPOs go up
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The placement season has taken off in Indian Institutes of Technology (IITs). But unlike last year, various top firms are yet to register this season. Owing to economic slowdown, total number of firms registering has gone down, with some coveted recruiters not even showing up in any of the IITs.
One such name is Facebook. The social giant has not even registered for placements at any of the IITs, much to the disappointment of students. However, it has offered Pre-Placement Offers (PPO) to IIT-Bombay and IIT Roorkee students, informed the Economic Times.
So far, 210 companies have registered at IIT-Bombay (as opposed to 280 last year) while 170 have registered in IIT-Delhi and 135 in IIT-Kanpur.
Despite the downturn in companies for placement season, PPOs are seeing a steady increase.
| Institute |
PPOs – 2013* |
PPO (2012) |
| IIT-Madras | 54 |
33 |
| IIT Bombay | 75 |
77 |
| IIT Kharagpur | 104 |
130 |
| IIT Guwahati | 40 |
42 |
| IIT Kanpur | 62 |
80 |
| IIT Roorkee | 37 |
35 |
* This is not the final list as PPOs are still pouring in at most institutes.
Some of the top firms offering PPOs are Barclays, LinkedIn, Goldman Sachs Technology, Daikin, Qualcomm, Deutsche Bank, Shell, GE, Directi, Reliance and ITC. International offers have been made by Google, Facebook, Microsoft and Mitsubishi. PPO packages have also gone up. Google has offered salaries of $120,000 (Rs 75 lakh) compared with Rs 73 lakh last year, while Mitsubishi has offered in the range of Rs 35 to 45 lakh. Both Facebook and Microsoft are expected to up their offer from last year.
