Cracking the Indian Institute of Technology (IIT) exam is the ultimate goal for many. The most prestigious technological training schools in India, the 23 IITs serve as a CEO production line. IITs only accept 0.5% of applicants into their undergraduate programmes. Reports of students graduating from these esteemed universities with annual salaries of Rs 2 crore make headlines every year, but what is the actual situation like? Recently, a bureaucrat shared information about the “real situation of placement at IIT” on social media.
Indian Forest Service (IFS) officer and IIT Roorkee alumni Gaurav Garg recently shared insightful thoughts in a post on X (previously Twitter), providing an alarming reality check on the placement setting at IITs.
Garg drew attention to the vast range of pay packages that recent IIT graduates got, which ranged from Rs 6 lakh to Rs 35 lakh. Notably, graduates with degrees in Electronics and Communication Engineering (ECE) and Computer Science (CSE) typically get better compensation packages. He did, however, issue a caution against the false impression that every IIT graduate receives a salary of one crore or more, pointing out that these high-paying offers are the rare case rather than the standard.
He claimed that a large percentage of attractive employment offers—which might occasionally exceed Rs 1 crore—come from foreign businesses, mostly from Singapore and the United States. These offers are mostly from tech titans like Google, Facebook and Twitter, and they frequently come from coding domains. Therefore, the most profitable career possibilities for IIT graduates come from global job marketplaces.
More often than not, we hear about students at #IITs getting #salary in Crores.What is the real situation of placement at #IIT ?
A thread
— Gaurav Garg, IFS (@IFS_GauravGarg) March 30, 2024
Garg also discussed the complexities of compensation packages, which can include a range of elements including ESOPs (employee stock ownership plans) and payouts spread out over a period of four to five years. The real in-hand pay could only make up 40–50% of the reported Cost to Company (CTC), he said.
The average annual compensation for students from other fields is usually between Rs 10-12 lakh, according to the IFS officer, but graduates in computer science boast astonishing packages. Lower placement rates are common in core engineering disciplines like mechanical and civil engineering, he further noted.
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