Expectations of a high salary package among graduates are affecting placements at Indian Institutes of Technology (IITs), sometimes resulting in recruiters facing a “bad experience” after students reject job offers when Their salary criteria are not met, says IIT Mandi director Laxmidhar Behera.
“Many students rejected job offers from Public Sector Units (PSUs) during their placements, often resulting in a ‘bad experience’ for recruiters,” Professor Behera told The Indian Express.
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Sharing an example, Professor Behera noted, “Bharat Electronics Limited in Ghaziabad was offering many jobs, but I was told that several of our college students decided not to join. Our students expect high-end packages, similar to those in the software industry, which is not typical for PSUs. Public sector jobs offer long-term stability and benefits. “They are not part of the so-called rat race.”
According to IIT Mandi director, students often reject job offers when they see their peers receiving higher salary packages.
Notably, Professor Behera’s statement is significant because IITs are often known for their positive placement record.
Role of Artificial Intelligence and uncertainties in the global market: a contributing factor
Professor Behera also pointed out that there has been a drop in placements in IITs since last year due to uncertainties in the global market as well as disruptions” from Artificial Intelligence.
This decrease, noted Professor Behera, has been 83% from 97% in 2023.
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“All IITs have suffered. There are uncertainties in the global market and there are multiple reasons for this. AI is a major disruptor that eliminates many jobs, and even large corporations have laid off staff. But we are doing our best. Despite the negative repercussions, this year we achieved a placement of 83%, compared to 97% last year.”
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Hiring in Japanese companies
IIT director Mandi informed that the institute is considering improving student recruitment in Japanese companies, who he said are eager to employ IIT graduates.
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