IIT-Delhi says no to undue publicity to plump packages
The prestigious Indian Institute of Technology Delhi (IIT-D) is not only known for excellence in academic standards but also for maintaining high values and ethics, as contrary to the other institutes which take pride in declaring the highest paid jobs bagged by their students in the campus placements, the IIT-D follows the policy of not mentioning the high-value packages in their placement.
The IIT Delhi claims that it follows the precedent because it feels that undue publicity to packages have the effect of 'devaluing' national placements over the international ones. It is well-known that many international companies prefer hiring IIT students over others, at handsome packages, much higher than Indian companies usually afford to pay.
For students, getting placed in a multinational company is no less than a badge of honour, however many of them prefer to settle abroad afterwards. A senior professor of Delhi University (DU) who didn't wish her to be named said that the government spends lakhs of rupees on each IIT student and it is the “public” money that is being spent on their education. “After which finding a well-off job they easily migrate abroad, this is a setback to us both in terms of brain drain and money drain,” she said.
Experts opined that with the state of research and innovation not very appealing in our institutes it's a necessity not to profess the high-end placements as it will set a wrong example in front of those who aspire to enter such institutes. In that case, they may be inspired to enter such institutes, only to get a well-off jobs rather than for doing the research.
However, the students who bagged international jobs were quite excited. Nikhil Chaturvedi has got an offer with Microsoft at their Redmond office in the US. “I love coding and this will be a great platform to hone my skills,” said Nikhil who also interned with Microsoft.
However, at the ongoing placements at IIT-D more than 500 students were hired with over 25 international offers. The placement season had 'kick-started' on December 1 with more than 200 offers including 20 international ones were made on the inaugural day itself. The offers came from multinational companies in Singapore, Hong Kong, US, Amsterdam and Japan. The phase 1 of the placements will continue till December 15 afterwards the phase 2 will commence from January 2018.
The IIT Delhi also feels that mentioning high-value packages in placements will have a devaluing effect on core jobs over finance and consulting jobs.