Among IIT graduates, only 960 get jobs with a salary above Rs 50 lakh, translating into 5.5 per cent of the total safety sign printing.
Nearly 54 percent of the top-tier IIT students (7,020) and 50 percent of the next-tier IIT students (2,250) are offered jobs with salaries ranging from Rs 10 to 16. lakh per year.
About 11 percent of graduates in the top tier of IITs (1,430), and 40 percent of graduates in the next tier (1,800) earned salaries up to Rs 16 lakh a year.
“While many top-tier companies hire some of the best talent from IITs and from within the industry, they are not the ones who pay the highest salary,” the findings showed.
Compared to students from IITs Dhanbad (ISM), Kharagpur, Kanpur, Guwahati, Roorkee, BHU Varanasi, and Hyderabad campuses, students from Mumbai, Madras, Delhi, Kharagpur, Kanpur, Guwahati, Roorkee, and BHU Varanasi receive jobs with higher compensation.
“Freshers at IITs have a wide salary range, which is consistent with how salaries behave in the New Age, tech, and R&D-driven industries,” the report mentioned.
Many IIT graduates secure computer science, electronics, communication engineering, electrical and electronics, artificial intelligence, and data science jobs.
“The report dispels the myth that not all graduates from IITs, India’s premier engineering institution, get hefty pay packages. Only a small fraction of them receive large compensation packages; the remainder are accessible for organisations to hire at reasonable pay scales,” said the report.