Economic gloom has no impact on pre-placements

While most students at the Indian Institute of Technology Bombay (IITB) in Powai are preparing for interviews for the upcoming placement season, Vijayan Seshasayee, 22, is relaxing.

While most students at the Indian Institute of Technology Bombay (IITB) in Powai are preparing for interviews for the upcoming placement season, Vijayan Seshasayee, 22, is relaxing. The final year electrical engineering student already has a job offer from ITC, thanks to an internship with the company last summer. “I can hold on to this offer as well as sit for placements with two other companies,” said Seshasayee.

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Despite the economic gloom, pre-placement offers and interviews at top institutes in the city have spiked compared to last year.

At the National Institute of Industrial Engineering (NITIE) a business school in Powai, companies have already made 23 pre-placement offers and 44 pre-placement interview calls – 67 in all – compared to the 50-odd made by this time last year.

At the Narsee Monjee Institute of Management Studies (NMIMS) in Vile Parle, the highest offer so far has already crossed Rs30 lakh an annum. “It has been fantastic this time,” said Debashis Sanyal, dean of NMIMS. “Perhaps more structured summer internships have made companies more confident about candidates.”

Of the 120-strong batch of Jamnalal Bajaj Institute of Management Studies at Churchgate, 24 have already been shortlisted for pre-placements.

At NITIE, Deloitte, Capgemini and KPMG have made offers so far. “A lot of companies are keen to get the upper hand on talent,” said Joseph Devasia, managing partner, Antal International, a recruitment firm. “It also has to do with companies branding themselves and earning brownie points. Whether the companies actually make these hires we will have to see.”