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Why IIT students receive better packages, do they deserve it?
Sriram Bhargav from IIT Bombay received a lucrative offer of Rs. 80 lakhs per annum from Samsung. It is normally students from IITs who get the bigger bite at the cherry, when it comes to campus placements and the non IITian students have to be satisfied with way less than what IITians get, irrespective of skill and caliber. Why do IITians get a better deal?

IT IS a dream for most students to get a seat in IITs around the country. Most of them consider their future to be in safe hands, as it is primarily students from such institutions that get a huge pay package when companies come in for campus placement. But, the story is not the same for non–IITian students, irrespective of the skills that these students in these colleges have to offer. The recent package of Rs. 80 lakhs, as reported by The Times of India, which has been given to a student, Sriram Bhargav from IIT Bombay, exemplifies the situation.

But once these students are taken on board, one important question assumes importance - does the company recoup its investment that has been made on such IIT students? Dr. Sandeep Sood, who passed out from IIT Roorke is and presently Head of Computer Science in Guru Nanak Dev University Regional Campus (non-IIT), in Punjab, told this citizen journalist , “Such students come up with good and innovative ideas for the company, which in the process helps in recouping the investment that the company had made on the student.” But, he also maintains that these students, if they do not deliver with their work, can also be fired from their job.

There is huge competition among IIT aspirants to get those prestigious seats, but those who fail, satisfy themselves in getting into other colleges, but that does not mean that they are not good students. There may be various reasons as a result of which the student did not get through. Still, it is agreed that IITians earn more, but not all IITians earn more as there are some who earn less than those students of other private colleges as well. “On an average, most probably it (good packages to IIT students) is true, but there are people from IIT as well who receive less packages then toppers from other smaller colleges as well,” says a pass out from IIT Hyderabad. One has to remember that one of the most successful people in the world is a non- IITian – Mukesh Ambani.

From his own experience, Dr Sood said, “I was surprised to know that TCS, which offers a package of around 20 lakhs for IIT students, only offers a package of around 3 lakhs for students here. ”This is the case with most of the companies that come in for placements in IITs, where they place a lucrative deal. But, there are reasons for it as well. He said, “IIT students are highly competetive and handle the stress in a better manner, as compared to a non-IITian student.”

Manoj Kaushik, who passed out from Guwahati in 2011 does not believe that companies offer relatively less money in non-IITian colleges. He said, “It also depends upon company to company. For instance the packages offered by Deolite varies for IIT and non-IITians. But, other companies do not look upon the IIT factor and it depends upon the caliber of the student.” Manoj, who further adds, out of 100 companies, only few companies may pay more to the IITians. But, it has also been found out that most of the companies head to over to prestigious IIT institutes of the country to take the best students. Manoj said, “If the alumni of a particular company has a good record , then many companies go that IIT for placement, for they are aware of the product that they will get.”

But, it takes years for institutions to attain a certain name comparable to various IITs, which now total 17 at present. Half of these institutes have been added in the last three to four years. PK Sehajpal, who is the Dean for Guru Nanak Dev University Regional Campus (non-IIT), in Punjab, said, that it is the brand name that companies get attracted to when it comes to a IIT and also the credibility of the institution, which helps the student get a better package.

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