Placement season: IIT-M sees 888 offers in phase I

The first phase of campus placements concluded on Saturday, while the next phase will begin in the second half of January.

The total number of offers, including the 136 pre-placement offers (PPO), stands at 1,024. The previous high was during 2014-15 academic year when 1,019 offers, including for MBA, were received. The current year’s numbers are without MBA.

Around 1,300 students had registered for campus placements during 2018-19. There were more than 490 job profiles from 326 companies during phase I of placements that was held between December 1 and 8, said a statement from IIT-M. Of the companies that had registered, 195 visited the IIT campus for recruitment in the first phase.

Including the accepted pre-placement offers (PPOs), a total of 844 students have already been placed at the end of the first phase for 2018-19 academic year. This is better than the numbers from the last year (2017-18) when 766 students (114 PPOs) had been placed. The total number of companies in phase I last year stood the same at 195.

Professor Manu Santhanam, advisor (placement), IIT Madras, said, “We had an excellent phase I this year – in spite of the reduced duration of only right days – which saw us breaching the 1,000 offers mark (including PPOs). The demand for students in the computing and analytics sectors was strong. We expect more core companies to come in phase II.”

Among the various sectors, companies from core engineering, and research and development put forth the most number of offers (346, or about 39 per cent), followed by IT (290 offers, or 32 per cent) and analytics, finance and consulting (248 offers, 28 per cent). Firms from the fast-moving consumer goods (FMCG) sector, in contrast, extended only four offers in the first phase.