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If you're from Tier 1, you'll get a job irrespective of your rank/CGPA unless it's pathetic. 3 semesters is nothing.
Need to really pull yourself up and get in the top 3 of your class. It's possible, yet not easy.
So I'm from a T1 college and i've messed up three semesters, didn't fail in anything but got average, middle of the batch kind of rank. Is it possible to get PPO this way, in the fourth or seventh semester, if I do very well in the next four semesters?