The companies usually offer Pre-placement offers post summer internships from August onwards and it generally continues to go on till December.
Management Development Institute, Gurgaon has received 31 offers so far, up from 14-15 a year ago, from companies including Pepsi Co., Aditya Birla Group, Vodafone, IBM, Reckitt Benckiser and the Boston Consulting Group.
Faculty of Management Studies, Delhi has received 21 offers this year, compared to 17 last time round, from Pepsi Co., Philips and Vodafone. Accenture, BCG, HUL.
Narsee Monjee Institute of Management Studies in Mumbai received 54 offers, compared to 40 at the same time last year.
IIM Bangalore also expects the number of PPOs to go up this year. Last year more than 30 per cent of their PGP batch got placed through PPOs. In all, their students had received a total of 137 PPOs, they expect the number to be even more this time.
Financial services firm KPMG hired nearly 50 summer interns this year and plans to increase the number over the next year. About 30 per cent of the summer interns received PPOs.
Hiring students through PPOs is very attractive proposition for students as well as the recruiters. The company benefits by hiring someone who has proved his/her mettle during the summer internship, whereas the MBA student has the advantage of getting placed much before the rest of the batch does. It also allows them to make an informed decision as they are already familiar with the work culture and HR practices followed by the organization.
BSchools are hopeful that the upswing curve witnessed in the preplacement offers would also be witnessed in the number of placements.