IIT Placements Impacted by High Pay Expectations and AI Disruptions! What’s Next? Check All the Details Here!

The Indian Institutes of Technology (IITs) are facing a unique challenge: high pay expectations among graduates are impacting placements, resulting in recruiters facing a “bad experience” after students turn down job offers. According to IIT Mandi Director Laxmidhar Behera, many students are rejecting job offers from Public Sector Units (PSUs) due to unmet salary criteria. Check all the latest details about IIT Placements

Key Factors Contributing to the Decline

• High Pay Expectations: Students expect high packages similar to those in the software sector, which is not typical for PSUs.
• Artificial Intelligence (AI) Disruptions: AI is taking away many jobs, and major corporations have retrenched people.
• Uncertainties in the Global Market: Multiple reasons have contributed to a decline in placements across IITs.

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The Problem: High Pay Package Expectations

• Students turning down job offers from Public Sector Units (PSUs) due to unmet salary criteria
• Expectations of high packages similar to those in the software sector
• Long-term benefits and stability offered by public sector jobs are often overlooked

Consequences on Recruiters

• Recruiters face a “bad experience” after students reject job offers
• Difficulty in finding suitable candidates due to high pay expectations
• Impact on the reputation of IITs as a hub for talented graduates

Role of Artificial Intelligence and Global Market Uncertainties

• Drop in placements across IITs since last year (83% from 97% in 2023)
• AI disruptions taking away jobs and causing retrenchments in major corporations
• Uncertainties in the global market contributing to the decline

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Impact on IIT Placements

• Placements have dropped from 97% in 2023 to 83% this year.
• Students often turn down job offers when they see their peers getting higher pay packages.

Way Forward

• IIT Mandi is exploring opportunities to improve hiring in Japanese companies, which are eager to employ IIT graduates.
• Emphasis on long-term benefits and stability offered by public sector jobs.

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Advice for Students

• Consider the value of job security, work-life balance, and growth opportunities
• Research companies and roles to align with your interests and skills
• Be open to diverse career paths and industries

Conclusion

The high pay package expectations among IIT graduates are a pressing concern. It’s essential for students, educators, and recruiters to reassess priorities and consider the long-term benefits of various career paths.

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