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IIT Median Salaries More Than Double in Eight Years, EAC-PM Study Finds
Sentiment: NeutralHigh Priority
What Happened?
A study by the Economic Advisory Council to the Prime Minister reveals that median salaries at IITs have more than doubled from ₹8.80 lakh in 2015-16 to ₹19.08 lakh in 2023-24. The number of students placed also increased significantly during this period.
Key points
- Median salary at IITs rose from ₹8.80 lakh in 2015-16 to ₹19.08 lakh in 2023-24.
- The number of students placed at IITs increased from 4,737 to 8,411.
- IIMs saw median salaries rise from ₹14.25 lakh to ₹25.59 lakh, with placements increasing from 3,776 to 5,965.
- NITs' median salaries more than doubled from ₹5.23 lakh to ₹10.65 lakh, with placements rising from 9,246 to 13,419.
- The study highlights concerns about the placement ecosystem's ability to keep pace with institutional expansion.
Key insights
- The increase in IIT median salaries may attract more students to engineering fields.
- Concerns about placement market capacity could lead to reforms in educational infrastructure.
- The disparity in employment outcomes suggests a need for improved quality in higher education programs.
Why it matters
The findings highlight significant improvements in IIT placements, which could influence future educational policies and student choices.
Entities
IIT· OrganizationEAC-PM· OrganizationIIM· OrganizationNIT· OrganizationIndia· Country
Source
Business Standard
