Chennai: Indian Institute of Technology Madras is all set for this year’s placement season, scheduled to begin on 1st December 2017. As many as 270 companies have registered as on date for more than 400 job profiles, compared to 250 companies in the whole of last year (2016-17) for the same number of job profiles. The 1st Phase of campus recruitment for 2017-18 will be held between December 1 and 10, 2017 with a break of one day (December 05, 2017) in between.
Speaking about this year’s Placement Season, Prof. Manu Santhanam, Advisor, Training and Placement, IIT Madras, said, “Our team of students and the staff at the IIT Madras Placement Office have worked hard to bring in a large number of recruiters to the campus, and thanks to their efforts, this placement season looks promising. We have already seen a major jump in the number of PPOs, so we are hoping that the success translates into the placements too”.
About 43 percent of the recruiters are from Core Engineering / R & D sector, 25 percent from Finance / Analytics / Consulting sectors, and 32 percent from the IT sector. The Institute will host more than 50 start-ups this year.
Already, the institute has recorded a 56 percent increase in the Pre-Placement Offers (PPOs), which comes from internships. As many as 114 PPOs have been received this year by IIT Madras students as against 73 in the preceding Year.
More than 1,100 students have registered for placements across different study streams and departments this year. The number is expected to increase, as more Research Scholars become eligible (this happens as and when they achieve a specific target in their research programme).
About 35 students have opted for deferred placements as they are either pursuing Start-up ventures or planning to apply for higher studies.
Apple Inc is coming to IIT Madras campus for placements for the first time! The other first-time companies who have registered for the first phase of placements include Unique Identification Authority of India (UIDAI), UBS AG, Nasdaq Stock Market, Alvarez and Marsal India Pvt Ltd, Country Garden, Halma India Pvt Ltd, Rubrik, and Sekisui Chemical. Nearly 15 percent of the registered companies are first-time companies.
Traditional recruiters such as Microsoft, Samsung R and D, Goldman Sachs, Eaton, Schlumberger, Mahindra, Intel, Bajaj, EXL, Citi, Larsen and Toubro are coming to IIT Madras for recruitment this year as well.
As many as 19 companies have advertised international profiles, most of which are for positions in Asian countries such as Japan, Singapore, and Taiwan, along with the U.S. as well.
This year, with a view of reducing the stress faced by the students in the early phase of the process, IIT Madras has done away with the ‘Graveyard Slot,’ which begins the early hours of Day One (December 1), usually from 12 midnight to 6 am.