Ahead of the campus placements (Phase 1) set to begin on December 1, the Indian Institute of Technology (IIT) Madras has received 182 pre-placement offers (PPO). This is in contrast with the belief that there would be a COVID-induced slump in new jobs. As compared to the PPO in 2019, this number is higher. Various recruiters had made 170 PPOs all in all last year. This year, as of November 28, 182 PPOs were received. Microsoft and Texas Instruments made the highest PPOs – 12 each among the companies. Apart from this, Qualcomm made 10 offers. On the other hand, America Express and Goldman Sachs made 9 offers each.
At IITs, PPOs and campus placements give an indication of the employment market in the country in that particular year. Despite the Coronavirus (COVID-19) outbreak, this year placement sentiment has been positive at the campuses. As companies are being cautious about hiring due to Covid-19, it was widely expected that campus placement numbers will be terribly low. A majority of these offers were in the IT segment (49 percent offers), with respect to the functional roles among the PPOs. This was followed by core and R&D (29 percent offers). Of the PPOs, analytics, consulting and finance accounted for 19 percent. On the other hand, FMCG offers stood at 6 percent.
Based on their performance during the internship, students who intern with a company are given PPOs. The internship drive was also conducted online amidst COVID-19 at IIT Madras. On day one itself on August 30, 17 companies had made 140 offers. Due to the COVID-19 pandemic, this is the first time that campus placements are being conducted online across institutes.