IIT pre-placement: Salaries cross Rs 1 crore

IIT pre-placement: Salaries cross Rs 1 crore

The Indian Institutes of Technology (IITs) are seeing a jump of up to 50% in pre-placement offers (PPOs) from the year before. IIT Madras had received about 35 PPOs compared with almost 50 this year. IIT Bombay has so far received 123 PPOs, exceeding the 110 it got all of last year. IIT Kanpur has received 90, which is 24 more than the tally by last September. IIT Kharagpur has seen a spurt of almost 55% in PPOs to 142 until now from 92 last year. Investment banking and financial services companies such as JP Morgan, Morgan Stanley and Barclays, Credit Suisse and Capital are offering PPOs to the IIT Madras and Khargpur students. More than 50% of our campus hiring comes through pre-placement offers and would continue to be one of the key areas of identifying and hiring talent.

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