Job offers from Microsoft, HUL, RIL, Goldman Sachs and others pour in as recession fails to affect IITs, BANGALORE

A muted economy notwithstanding, the first flush of pre-placement offers (PPOs) at six oldest IITs suggests that companies might be hiring more this year. Marquee employers such as Microsoft, Hindustan Unilever, Reliance Industries, Goldman Sachs, Adobe and Schlumberger have rolled out over 170 PPOs to the class of 2013, with strong indications that the final tally at these six IITs may beat last year’s records. Officials from the six IITs ET spoke to said about 260 students from their institutes received PPOs last year.

Pre-placement offers usually start trickling in from July-August and can go on till October-November for top engineering colleges. The final placement starts after that, from December, and may go on till June the following year.

IIT-Kharagpur, the oldest among the IITs, has around 50 offers in hand compared to the 60 last year. Companies such as Schlumberger Asia, Microsoft, Transocean, Tata Steel, Qualcomm, Ittiam Systems, HUL, Goldman Sachs, CISCO, Texas Instruments and RIL have made their pick from 800 students of IIT-Kharagpur, said SK Barai, professor-in-charge (training & placements) at the institute. It expects a 10% increase in PPOs this year.Firms are pre-empting an improvement in the markets, and for that, they need to have resources ready,” said an IIT placement professor, who did not wish to be identified. “They are hiring from IITs so they do not miss out on the talent pool.Officials in IIT-Roorkee’s placement cell say the slump is not apparent, having crossed last year’s tally of 33 PPOs.

Source : H T
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