The pre-placement offer (PPO) collection process for summer internships for the 2022 graduating batch at BITS Pilani has been completed with a 24 per cent increase in the number of offers. A total of 497 students were able to secure the opportunity to do a summer internship at various companies, out of which 357 students (71.83 per cent) secured a full-time offer from their companies.
“This marks an exponential jump in summer internship offers made and final job offers received over the 2021 hiring season, in which 409 students secured summer internships, and 287 secured PPOs,” BITS Pilani said in a release on Tuesday.
The BITS brand was successfully able to beat the Covid blues, with recruiters expressing their confidence in the BITS students’ abilities to become valuable assets in the overall company strategy to meet the challenges and opportunities posed by the Covid scenario. “This was shown by a 13.64 per cent increase in the number of companies offering summer internship PPOs as compared to the previous hiring season,” the release added.
Sector-wise breakdown
According to Balasubramanian Gurumurthy, Chief Placement Officer – India & Dubai, BITS Pilani, the uptick in numbers is on account of various factors. “Digital transformation of businesses topping the charts followed by hiring spree in the start-up tech space, fintech hiring, return of IPO frenzy stock market, hiring in the unicorn space, edtech space and e-commerce space,” he said.
In the work-from-home scenario, the surge in the IT segment owing to increased demand in the networking, cyber security, cloud connectivity and data science spaces was palpable. The three BITS campuses received PPOs from companies such as Microsoft, DE Shaw, Google, Uber, Cisco, Adobe, Salesforce, Amazon, ServiceNow, Oracle and Flipkart in the IT segment, all of whom hired aggressively. Chipset makers such as Qualcomm, NVIDIA, Micron and Western Digital were also on a hiring spree, and on boarded students for summer internships in large numbers, with a high PPO conversion rate.
The FMCG sector saw Hindustan Unilever and Mondelez hiring interns from campus, with Exxon Mobil and Honeywell also giving offers for core Mechanical and Chemical profiles. The season also saw Wells Fargo, WorldQuant, MX Player, Citrix, Standard Chartered, Myntra, PhonePe and Barclays hiring for summer internships and extending PPOs for the first time from the BITS Pilani campuses.
Average salary
In terms of hiring numbers, there was an increase in PPOs by a number of companies. For example, Microsoft hired 52 versus 48, ServiceNow hired 25 versus 4, Oracle hired 44 versus 19, Walmart Labs hired 33 versus 29 and Micron hired 11 versus 5, Flipkart hired 13 versus 7 for the graduating batch of 2022 over 2021 respectively.
The average salary saw a 6.2 per cent growth at ₹28.99 lakh per annum versus ₹26.29 lakh the previous year on the Summer Internship Pre Placement Offers (PPOs). The maximum salary remained approximately the same at around ₹45 lakh.
The on campus full-time placements for the 2022 batch has begun with a loud bang across all the three Indian campuses at BITS Pilani last month. “The season looks promising and optimistic with market leaders such as Google, Microsoft, DE Shaw, Uber, and others hiring aggressively,” he added. Average salaries have remained constant at around ₹23 lakh for the 2022 graduating batch, while the maximum salary remained approximately the same at around 45 lakhs — the same as the previous year as on date.