Firms lining up at IITs this placement season2 min read . Updated: 30 Nov 2018, 11:35 PM IST
Up to 25% more companies have registered for hiring engineering grads
New Delhi: Indicative of a better hiring season ahead, the elite Indian Institutes of Technology (IITs) said up to 25% more companies have registered with them for hiring their engineering and tech graduates.
Several IITs said from core engineering to new age jobs in artificial intelligence (AI), companies are showing greater interest in hiring than the previous year, and hoped to complete the placement process faster. Campus hiring in most of the IITs begins Saturday.
“Students graduating in 2018-19 will be having ample choice during the campus placement as there are already over 500 job profiles on offer as of now. The IIT Delhi looks forward to a robust hiring season," IIT Delhi said in an email.
“Over 350 organizations from India and abroad showing their intent up to now to recruit students…This year, there is a jump of over 25% compared with last year with respect to number of organizations coming to IIT Delhi with job offers up to now," the institution said.
“The hiring sentiment this year is looking robust. More companies, variety of offers makes this year’s placement season interesting. It may be reflective of an overall better hiring environment that will play out in coming months," said Syam Nair, head of placement at IIT Kanpur.
He said this time nearly 300 companies have registered with them as against 240-odd last year. Nearly, 1,000 students—from BTech to PhD—will be placed by IIT-Roorkee this year.
IIT Madras said at least 326 firms have registered for more than 490 job profiles in phase one of the placement process.
Last year, 270 firms participated in the process. The engineering school said about 34% of the recruiters are from core engineering and research and development. While 32% are from IT sector, 21% are from finance, analytics and consulting sectors.
IIT Madras said this year its students have received 120 pre-placement offers (PPOs), a 20% rise. PPOs are offered by companies to students ahead of the final placement based on their internship experience. IIT Mandi said it has started the placement process and has already placed some 78 of its BTech students of the 110 eligible for placement. The tech school said, so far, L&T Construction is the lead recruiter in its campus.
Earlier this week, consumer durable firm Samsung India said that it is looking to hire some 1,000 graduates from engineering schools, and that it has already offered 350 pre-placement offers to IIT students this year.