IIT Students got Pre-placement offers of 1 crore

Updated on: Thursday, October 01, 2015

iit Every year Pre-placement Offers (PPOs) at Indian Institute of Technology IIT create buzz for high pay scales that are offered to the students. The pre-placement offers by Amazon, Samsung and Facebook have caught eyeballs of people by offering a whopping amount of Rs 1 to 1.5 crores to IIT graduates.

According to a report published by Times of India, this year Facebook has offered the highest compensation for Students. Moreover, the Pre-placement Offers are also witnessing an increase of 50 per cent from the previous years making way for more engineering student sat IIT to have better job offers and choices.

With final placements due in December this year for 2016 graduating students, IIT Madras has received 50 pre-placement offers as compared to 35 last year and IIT Mumbai students has received 123, IIT Kanpur 90 by September.

Leading the pack, IIT Kharagpur students witnessed 55 per cent rise in Pre-placement Offers with 142 offers as compared to 92 last year.

The rise in Pre-placement Offers is mainly due to some banking and financial companies making a come back after a gap of a year or two which includes JP Morgan, Morgan Stanley and Barclays at Madras and Kharagpur.

The other reason for higher Pre-placement Offers is the start-up companies run by IIT alumni who return to the campus for recruitments. Many companies also recruit students on the basis of their performance during internship which takes place around in the month of July and August every year. Thereafter, Pre-placement Offers for IIT students go on till December every year.

IIT Students got Pre-placement offers of 1 crore

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