Old isn’t gold for these companies. They are thronging newer IITs with better job offers, pay packages

If we rewind around four to five years, there was indeed a difference between old and new IITs and many aspirants would always opt for the older, more established ones with glittering salaries.

But gone are those days as new IITs like Hyderabad, Indore, Ropar, Mandi and Gandhinagar are also getting better job offers and the line is diminishing between old and new IITs.

Many companies including Flipkart, eBay, Mahindra & Mahindra are visiting campuses of newer IITs, which are getting even 100 per cent placements.

There is also a rise in average salaries this year.

"At the undergraduate level, most companies don't differentiate between older and newer IITs in terms of salary. So the average salary we get is comparable to that of the older IITs and our numbers are improving year-on-year," B Venkatesham, faculty-in-charge for training and placement cell at IIT Hyderabad, told ET.

"Since last three years, we have been achieving 100 per cent placements. Also since last two years, the gap is narrowing down every year compared to old IITs," Nirmala Menon, assistant professor at IIT Indore, told ET.

Students have become more optimistic and this upward trend will also attract aspirants to new IITs.

Reportedly, the highest package at IIT Hyderabad to date is Rs 35 lakh.

"We will be hiring around 50 graduate engineers from the new IITs compared to 40 from the old IITs. We are offering roles predominantly in R&D, product development & other critical areas," Rajeshwar Tripathi, chief people officer, auto & farm sector, at M&M, told ET.

(Image: Indiatimes)