During doubts over effective placements for engineering (B.Tech) students during 2020-21 due to the pandemic situation, the first flush of pre-placement offers (PPOs) are being received by IIT Bhubaneswar.
An official note is issued by the institute said the placement season ahead is very hopeful as companies like Microsoft, DeShaw, Goldman Sachs, GEP Solutions and others use this route more than it helps them to quantify candidates better over longer periods of time and in real work situations.
The Companies make PPOs based on the performance of students who have interned with them.
The premier institute has seen a surge in PPOs this year with the offers received already equalize last years total offers and is sure to surpass, institute director R.V. Raja Kumar said.
Offers as high as ₹43 LPA CTC has already been received, he said, adding that the majority of them are from core industries and are wide-ranging, indicating a healthy trend.
PPOs indicate a positive placement scenario in spike of the pandemic situation which has affected global economy, he said.