A new BTech batch is about to graduate from IIIT-Delhi. For the counseling of incoming BTech students, I compiled the placement data for the graduating batch. I was pleasantly surprised at the result – vast majority of our students got placed in technology companies, which not only offer technically more challenging work, but in general, also offer higher compensation for the better trained people that they try to recruit.
While it is not the case that best companies (work wise) offer the best compensation, compensation has become a yardstick of assessing the quality of placements. So let me put the basic placement statistics. The total no of students up for placement was 76, out of which 90% (69) were placed (till May end.) The placement record is:
- 21% of the students got International jobs, each of more than Rs 30 Lac per annum
- Highest overseas offer was Rs 60 Lac ($100K); highest Indian offer was Rs 20 Lac
- 28% students got offers of 10+ lac
- 55% students got Rs 5-10L offer
- 8% students got offers of less than Rs 5 Lac
- Avg compensation: Rs 12.6 Lac (Average of Indian offers: Rs 7.3L)
- 10% (8) students got offers for higher studies abroad
What surprised me somewhat was that 10% of the students got admission for higher studies, mostly in North America, and most of them with financial support. With little historical record and few alumni, it was surprising to note that so many had got offers. On careful thought, however, it is understandable – most universities in US give a lot of weight to the quality of projects and research done during the undergraduate program, and to the credibility of the people who write recommendation letters (all applications require three recommendation letters.) Given our faculty’s record in research and their background (about two-thirds have PhD from Europe and US), their letters must have carry weight. And as many of our advanced courses have project/research component, often students have a good experience with them. These two must have considerably strengthened the application of our students. This high percentage can easily compare with that of IITs, where the percentage of students going abroad for higher studies has declined over the years.
The average compensation also needs a mention. In India, 90% or more of IT jobs are in the large services sector we have. While this sector is indeed the pride of the country and is immensely valuable and employs the largest number of engineers in our country, it is well known that their starting compensation is around Rs 3.5 Lac even in the biggest software companies. In this context, the average compensation that our students go is quite remarkable – I believe similar to that of IITs (thought they don’t often share it publicly).
The distribution is also quite important from a student perspective. In an college, if 80% of the students get jobs in the services sector, and 20% in technology/product sector (say with average compensation of Rs 12 Lac), the average compensation will be a respectable Rs 5.2Lac – and many of the top institutions outside of IITs have averages around this. But for a student it means that he/she has 80% chance to getting an offer of appx Rs 3.5Lac! In the case of IIIT-Delhi, 80% of the students have offers of more than Rs 5 Lac!
In this overall context the record very satisfying – most students getting offers in high technology and product companies that can better utilize their fine training and education (and also offer better compensation.) And this record is for our 3rd batch – clearly it is not due to the historical brand value but due to the education and training we have provided to our students. This continues to strengthen my belief that our high quality education is creating high quality opportunities for those who are willing to learn and work hard.