According to placement executives across various first-generation IITs such as IIT-Bombay, IIT-Kanpur, IIT-Delhi, IIT-Guwahati and IIT-Madras, while a good number of students have bagged offers in the first week of the placement interviews, many regular recruiters have been cautious of over-hiring. “This is especially the case with international firms, which are mainly seeing the slowdown. Many of them are yet to come down and are rather waiting for the end of the season to make the offers,” said a faculty member closely looking at student placements at one of these IITs.
The placement interviews at all the first-generation IITs began on December 1 and will go on till May next year. Most of the second and third-generation IITs carry out the sessions early on in the year with interviews starting in September. Also, a large number of pre-placement offers (PPOs), which students are offered by a recruiter post-internship, do turn into the final placement offers as well. However, most times students even after having bagged a PPO do sit through the final interviews to try out for other firms as well.
“This year the overall placement scenario has certainly been affected by the global economic situation and it isn’t as good as it was last year. But, the numbers are comparable,” said, a student representative from the placement team at one of the first-generation IITs.
While IIT-Delhi did not give any comparative data, its spokesperson said that around 480 job offers (including PPOs) have already been made to students. “Some of the top recruiters who made the offers include Microsoft, Goldman Sachs, and Texas Instruments. Around 25 students have received international job offers from geographies spanning Hong Kong, Japan, Netherlands, Singapore, South Korea, United Kingdom, and the United States,” a statement from IIT-Delhi said.
At IIT-BHU, placement executives said that while the overall number of companies visiting the institute for placements has remained relatively stable compared to last year, the profile of recruiters and the number of offers made have undergone a significant shift.
“Despite this dynamic environment, IIT-BHU’s placement scenario remains positive, with over 850 offers secured so far, including PPOs. Although the number of companies visiting the campus has seen minimal change, individual companies have scaled back their hiring numbers compared to last year. This trend reflects the broader economic climate and a cautious approach to recruitment across industries. Further, there has been a noticeable decline in companies seeking pure software profiles,” said Prof S K Srivastava, placement cell in-charge, IIT-BHU.
Given the downward trend in economies, several recruiters have kept at bay so far, which mainly includes major tech firms. At IIT-Guwahati, major recruiters of various domains include core, design, software, finance, product management and consulting.
“This year, a few recruiters did not offer PPO to the interns due to limited headcount and finance constraints, particularly for software developer and software engineer profiles. However, it is worth mentioning that the number of recruiters who offered PPOs this year has exceeded compared to last year’s data. More companies in the core and finance sectors have offered PPOs this year,” said Prof Lalit Mohan Pandey, head, career development services, IIT-Guwahati.
The maximum PPOs, he added, were offered in three disciplines including computer science and engineering, mathematics and computing and electrical and communication engineering.
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