The Undisputed 2—A Rivalry Beyond Dominance Created by IITs and NITs

Unlike existing comparisons, which are mostly biased or unreal, we have tried to view these comparisons from the perspectives of students from IITs and NITs.

Let’s take you through this study carried out by us in detail.

Companies founded by the students of IITs and NITs

Students founding companies in India and abroad are considered an ideal benchmark by their institutions to prove their dominance in the education sector. As a matter of fact, this is also closely reviewed by students before they apply for admission.

For example, there is Massachusetts Institute of Technology, MIT in the United States, which has companies founded by its graduates surpassing the mark of whopping $ 2 trillion in revenue. In other words, the total revenue of the companies founded by MIT graduates is more than India’s current GDP.

That explains how the number of graduates from IITs and NITs, those who have founded companies, can be taken as an ideal yardstick to figure out the better between the two.

A research firm in the United States was in sheer surprise when in a study conducted by it in December, 2013, revealed that IITians are among the leading founders of major startups in the US. Owing to this phenomenal success in the United States, IITs are the only non-US university featuring in the list prepared by PE/VC database firm PitchBook, led by Stanford and University of California, Berkeley.

“Perhaps the most interesting, and rather unexpected, entry on the list comes in at No. 10 – the Indian Institutes of Technology. India’s entry in the top 10 was definitely a surprise, but with that country’s boom in the IT industry over the last couple of decades, it stands to reason that Indian schools are producing innovative thinkers to fuel that country’s – and the world’s – rapidly growing and increasingly technology-reliant economy,” PitchBook said.

IITs have produced founders of many prestigious startups in India and abroad. Let’s go through the table given below to know the founders of such startups from IITs.

Students from NITs are not far behind students of IITs in setting up startups and making India proud on a global platform.

Let’s go through the table given below to know founders of startup in India and abroad from NITs:

Notable Positions in the Business/Public/Academic/ sector Held by the Students of NITs and IITs

Both IITs and NITs have contributed immensely to India’s phenomenal growth in science and technology. There is not really much difference in the number of notable positions held by students of both the prestigious institutions in various sectors.

Notable positions held by IITians in business/public/academic sectors have been mentioned in the table given below:

Notable positions held by students of NITs in business/public/academic sectors have been mentioned in the table given below:

Average Pay Package offered to Students of IITs and NITs

All companies across the world review various factors before determining average pay packages for students of IITs and NITs. Possibility of stretching this topic unnecessarily is high if we focus entirely on these factors. So to avoid confusion, we will review average pay packages in last 5 years offered to students of B.Tech at top IITs and NITs.

The average pay package offered to any IITian (B.Tech) is anywhere between Rs 43,750 and 48,000 monthly.

The average pay package offered to any student from NIT in (B.Tech) is anywhere between Rs           45,000 and 52,000 monthly.

However, you must not forget that there is a lot of variance among these packages due to various factors. Salaries go up and down as per the ability of candidates and their academic performances.

Average pay packages vary for candidates receiving job offers from abroad. As per official records, finance companies offer best packages to their employees. Goldman Sachs, Tower Research Capital, and World Quant etc have offered 20 lpa to IITians.

Highest Pay Packages Offered to Students of IITs and NITs

The world’s attention turns to IITs and NITs every year with the news of fat pay packages offered to their students. But if we talk about who beats another when it comes to bagging the highest pay packages, then there’s a lot of disparity to witness here.

There are 12 IITians from IIT-Kanpur who have very recently bagged a fat pay package of Rs. 1 crore each. On the other hand, there is one incredible student from NIT who has bagged the highest pay packages ever in the history of Motilal Nehru National Institute of Technology (MNNIT) from Facebook of Rs. 1.34 crore.

But again, as in case of average pay packages offered to students of IITs and NITs, highest pay packages too depend entirely on candidates’ abilities, academic performances, and other important factors.