The first flush of pre-placement offers (PPOs) being issued at IIMs this month suggest top recruiters are keen to maintain campus hiring at last year's levels despite a sluggish economy, Economic Times reported.
IIM Bangalore has received 45 PPOs, almost half the number it got at this time last year. This is good news for the college, which has 377 students to place this year. The total number of PPOs received last year was 97 from 48 companies.
ET reported that with markets on a yo-yo, students are expected to accept the PPOs rather than wait for a comparative one. After internships, consulting and FMCG companies typically pick up students faster than those from other sectors.
Read the complete ET report here