It’s quite ironical that graduating 21-year-old engineers bag higher pay cheques than their senior PhD fellows. And, this year is no different at the IITs.
Take IIT-Madras, for instance, where dual-degree students (BTech and MTech in a five-year course) are most preferred among those registered for placements. By the evening on December 6, while nearly 45% of dual-degree students had got job offers, only 15 % of the 151 MS students could do so. Out of the 69 PhD candidates, however, only one had been placed. The numbers are not very different at the other IITs.
Last year, the average salary at IIT-Mumbai was Rs 7 lakh, but for PhD candidates, it was less than that of the B.Tech. graduates. The average salary of an MTech and a Ph D is lower than the salary of a BTech in India, a trend which is the exact opposite of that in the US.