Record Pre-Placement Offers for IITs as Recruiters Snap Up Engineering Talent

Strategic Insights -

A record number of pre-placement offers (PPOs) have been made to IIT students for the class of 2022, with a significant surge in demand for engineering talent amid the pandemic-led digital transformation. IITs in Chennai, Kanpur, Roorkee, Guwahati, Mandi, and Jodhpur have seen a 22-55% year-on-year increase in offers, with companies like Amazon, Flipkart, Qualcomm, and Google vying for top talent. The PPOs are given to students based on their performance in internships, providing both parties with a longer window to assess each other for a long-term commitment.

Key Takeaways:

  • IITs in Chennai, Kanpur, Roorkee, Guwahati, Mandi, and Jodhpur have seen a 22-55% year-on-year increase in pre-placement offers (PPOs).
  • Companies like Amazon, Flipkart, Qualcomm, and Google have rolled out offers to IIT students.
  • Tech Mahindra's global chief people officer Harshvendra Soin said hiring through PPOs gives both parties a chance to assess each other for a long-term commitment.
  • IIT Roorkee received 214 PPOs, up 39% from 154 last year, with 179 students accepting the offers.
  • IIT Roorkee professor Vinay Sharma said the pandemic has brought directional changes in the placement scenario, with companies hiring aggressively in AI, software, network, and analytics.
  • Campus hiring has become a way out of the talent crunch, with companies wanting to hire freshers and train them in new-age technologies.
  • IIT Madras received 227 PPOs, up from 186 last year, with the average PPO package increasing to ?23 lakh from ?18.9 lakh last year.
  • IIT Kanpur and IIT Guwahati received the highest PPO of ?64 lakh per annum this year.
  • IIT Guwahati saw a 28% year-on-year increase in PPOs, while IIT Kanpur saw a 37% year-on-year jump in PPOs.

Statistics:

  • IITs in Chennai, Kanpur, Roorkee, Guwahati, Mandi, and Jodhpur have seen a 22-55% year-on-year increase in pre-placement offers (PPOs).
  • IIT Roorkee received 214 PPOs, up 39% from 154 last year.
  • IIT Madras received 227 PPOs, up from 186 last year, with the average PPO package increasing to ?23 lakh from ?18.9 lakh last year.
  • IIT Kanpur saw a 37% year-on-year jump in PPOs to 207 from 151 last year.
  • IIT Guwahati received 171 PPOs, up from 133 last year.

Sources:

  • Tech Mahindra's global chief people officer Harshvendra Soin
  • IIT Roorkee professor Vinay Sharma
  • IIT Madras advisor (training and placement) CS Shankar Ram
  • IIT Guwahati head of centre for career development Abhishek Kumar
  • IIT Kanpur student representative at the placement cell
  • IIT Mandi advisor, career & placement cell Tushar Jain
  • IIT Jodhpur faculty in-charge, career development cell Anuj Pal Kapoor