According to an article published in The Times of India (http://timesofindia.indiatimes.com/india/IIT-graduates-annual-salary-drops-by-5-to-Rs-588-lakh/articleshow/5487687.cms), the average annual salary of the IIT graduates has decreased by 5% in 2009. While this may bring a wave of sadness for many students studying in the prestigious IITs (and even more terror for their parents), I see a lot of positives from this news (WHAT!! Do I even remember that I am still unplaced?).
Lately, these institutes have become a mere brand-name provider for the students and those lucky enough to study here have forgotten the importance of learning the subject matter and are too satisfied with the fact that they would get a certificate from the IITs after the completion of their degree with which they can swiftly and easily sail through the world. They perhaps don’t remember that while a name can open so many doors of opportunities, the same is closing a lot more doors of learning and skill enhancement. I don’t remember how many times I have discussed this with friends that students in other private colleges have a lot more technical knowledge than us. All we (the ‘revered’ IITians) bother about is cramming one day before the exams and ‘vomiting’ in the papers. So, when we don’t excel the graduates from other colleges in terms of our technical knowledge, why should we get better salaries than then? Just because we cracked a difficult exam called IIT-JEE? Seems quite indigestible!!
According to the report, the reason for the dip in the salaries is the global economic recession. Maybe, but doesn’t seem cent percent true because while the salaries at IITs decreased, the average at the NITs increased by 6%. Another reason which the report cites is the fact that a large number of ‘bright’ students from the IITs opted for higher studies. Well, this seems a little reasonable but the fact here is that even those (so called) ‘bright’ students want to take up a high paying job when the campus placements start despite knowing that they are not going to join it. Aakhir kuchh security to chahiye hi aur phir izzat ki bhi to baat hai!! (It is a matter security and prestige, isn’t it??)
Looking at the broader picture, it is nice to know that other colleges are doing well in terms of placements as this would reduce the stress which students face during their 10+2. And even better news is that maybe it will open the eyes of the dreaming IITians and strive harder to be better engineers, which actually is needed of them!! J