Bureaucrat reveals 'real situation' of placements at IITs: ‘Higher packages offered to CSE…’

One of the main reasons why students clamour for admission into premier institutes like the IITs is good placements after graduation. But do these students actually find good jobs after graduation or is the ground reality a bit different? A bureaucrat recently took to social media to share insights into the “real situation of placement at IITs.”

Indian Forest Service (IFS) officer Gaurav Garg shared four points on placements at IITs. Garg is an alumnus of IIT-Roorkee. Although media often hypes up stories of students who bag lucrative packages – often in crores – such packages are exceptions rather than the norm, he said.

In reality, students who graduate from IITs get salaries that range anywhere between Rs 6 lakh to Rs 35 lakh per annum. Graduates in subjects like Electronics and Communication Engineering and Computer Science invariably get higher packages, said Garg.
While most students get fresher salaries in lakhs, some students do get packages that go into crores. However, such packages are usually offered by companies based in other countries like the US, Singapore etc. Moreover, it is usually coding jobs that offer such high salaries, again giving an advantage to Computer Science students.

The IFS officer pointed out that these lucrative packages going into crores ESOPs, Leave Encashment, staggered payments in 4-5 years etc. In reality, the in-hand salary is only 40 to 50 percent of the CTC quoted.

As proof, he shared a news graphic on salaries offered by MNCs like Meta, Google and Microsoft during campus interviews. At Facebook, a package of Rs 1.42 crore per annum means a basic salary of Rs 65 lakh only. “The basic offered is the actual take-home for students. All other components are variables, one-time benefits or stock options,” said Mohak Mehta, Placement Manager at IIT-Bombay, according to the news piece.