Chennai, May 2: According to a statement by the premier engineering institute, the Indian Institute of Technology-Madras (IIT-Madras), there have been record-breaking campus placement in the academic year 2018-19. The technology institute registered a placement of 964 of the 1,300 students registered for placements, while that figure includes as many as 97 students, who got pre-placement offers (PPOs).
The statement said the institute had recorded a 15% increase from the previous year’s placement of 834 students, including PPOs. There have been job offers from large corporations such as the Microsoft, Qualcomm and Goldman Sachs, and against a total of 114 in the preceding year, the institute received 136 PPOs during 2018-19. However, the institute said the top corporations for the year were Micron – 26 offers; Intel India Technology Pvt. Ltd – 26 offers; Citibank – 23 offers; Microsoft – 22 offers; and Qualcomm – 21 offers.
IIT Madras saw whopping number of offers in the campus placements which were conducted in two phases. Phase I of placements were conducted from 1 to 8 December 2018, and phase II began in the second half of January 2019 and is over now.
Engineering and manufacturing are leading sectors
According to reports, the placement figures are soaring at the top institutes because the core engineering and manufacturing sector companies are doing extensive hiring. The trend was particularly noticed at IIT-Kanpur, where the core firms picked up 40% of the total students in the first phase, whereas only 35 per cent was registered last year.
IIT-Madras also got around 346 offers from core/research & development sectors, which is 39% of the total offers. The information technology sector had 290 offers for the students at IIT Madras, which is 32%, while offers by analytics/finance and consulting were at 248 – 28% of the total.
‘Graduation Outcome Score’ is the key
According to the institute, the ‘Graduation Outcome Score’ has significantly raised the rank of IIT-Madras, clinching the first position in ‘Engineering Category’ for a successive fourth time in India Rankings 2019 of the National Institutional Ranking Framework launched by the Ministry of Human Resources Development.
The start-ups too had participated in the placements this year, with around 51 in number, making a total of 121 offers, out of which 97 were accepted. The information technology and analytics were the leading sectors in start-up recruitment, offering 21% and 16%, respectively.