Chennai: IIT Madras’s placement season looks promising this year as the number of companies registered for recruitment has increased to 326, an increase of 20 per cent compared to last year.
During 2017-18, 270 companies visited the IIT Madras campus for recruitment.
Besides traditional recruiters like Microsoft, Qualcomm, Goldman Sachs and General Electric, prominent companies including Bain and Company, Nomura, Ather Energy and Jaguar Land Rover will visit the campus for the first time to hire students.
The first phase of campus recruitment will be held from December 1 to 8 with a break of one day on December 5. More than 1,300 students have registered for placements across different streams this year.
As many as 23 companies have advertised international profiles for positions in Asian countries such as Japan, Singapore, and Taiwan along with the US.
“The increase in the number of recruiters coming to the campus is clearly an indicator of the growing perception about the quality of students coming from IIT Madras,” said professor Manu Santhanam, advisor, training and placement, IIT Madras.
The companies have offered 490 job profiles for phase 1.
“The number of job profiles for data analytics has increased to 59 this year, reflecting the current trend in the industry,” he said.
This year about 34 per cent of the recruiters are from core engineering and research and development sector and 21 per cent from finance, analytics and consulting sectors.
Among the recruiters, 32 per cent are from the IT sector. Over 50 start-ups also expressed interest in recruiting the IIT Madras students.
With 130 pre-placement offers (PPOs) this year (2018-19), the institute recorded a 20 per cent increase in PPOs.
“Similar to last year, IIT Madras will not have the ‘Graveyard Slot’ which begins the early hours of Day One (December 1) from 12 midnight to 6 am,” IIT Madras said in a release.
Around 30 students have opted for deferred placements as they are either pursuing start-up ventures or planning to apply for higher studies....