The travails of an IIT topper ended on Saturday when the State government offered to meet the entire expenditure for his professional education and released Rs. 40,000 towards tuition fee, to begin with.
Rapolu Ratan Kumar (17) is a visually-challenged student from Miryalaguda in Nalgonda district belonging to a backward community. He secured the first rank in IIT-JEE 2008 in the physically-challenged category and plans to opt for IIT Mumbai.
A cheque for Rs. 40,000 was handed over to Ratan by Minister for Disabled Welfare N. Rajyalakshmi in the presence of his parents and officials, at a press conference in the Secretariat on Saturday. The government has extended assistance on learning about Ratan’s plight from reports in the media.
Ratan bagged 116th rank in EAMCET and scored 935 out of 1,000 marks in Intermediate and 561 out of 600 in SSC (Miryalaguda).
Ratan said he suffered from poor vision (50 per cent), a disability which did not allow him to read books beyond seven hours a day.
Yet, he worked for more than 10 hours a day and completed SSC in Telugu medium. The department’s munificent gesture had come like a bolt from the blue, he said.
Free coaching
The Minister said the parental upper income limit for reimbursing tuition fee in case of disabled students had been raised from Rs. 12,000 to Rs one lakh per annum. She said free coaching would be offered to disabled students appearing for Group I & II services and other competitive exams.
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Showing posts with label IIT. Show all posts
Showing posts with label IIT. Show all posts
Saturday, June 7, 2008
Saturday, April 19, 2008
IITians no longer prefer U.S. as job destination, says study
India, with its booming economy and opportunities galore, is now becoming a preferred job destination among graduates from the prestigious Indian Institute of Technology (IITs), who now no longer prefer to go to the U.S. or other developed countries searching for jobs or higher studies.
“It is well known that graduates from IIT, popularly known as IITians, have historically preferred to move to the U.S. or other countries to pursue higher studies and explore more attractive career opportunities. However, preferences have changed during the last few years,” says a recent study conducted by a leading global research and analytics’ firm, Evalueserve.
Prepared after a survey of 677 IITians, the study points out that among IITians, who graduated between 1964 and 2001, 35 per cent moved to countries other than India, while 65 per cent preferred to stay back. However, among IITians who graduated in 2002 and later, only 16 per cent went abroad, while 84 per cent remained in India. “Recent graduates also believe India will be the most promising geography for IIT graduates in 10 years,” it says.
According to the study, among IITians, who graduated during 1964 and 2001, 60 per cent believed that when they were graduating, the U.S. and other developed countries provided better opportunities, while the remaining said it was India which provided job prospects. However, among those who passed out of the IITs between 2002 and 2008, this number dropped to 51 per cent who believed that developed countries would provide them better opportunities.
Interestingly, the point of “inflexion” arrives with the graduating class of 2002, where these changing trends became more pronounced. This correlates with the growth of India’s economy, the study points out. It also notes that better academic opportunity was the primary reason among IITians for choosing the U.S. over India.
However, there were other reasons too that resulted in IITians not going to the U.S. — stringent visa norms after the 9/11 terrorist incident, high cost of living, limited scholarships, high tuition fees, and the perception of reduced employment opportunities and a poorer life in the U.S.—, the study says.
While the reasons behind IITians preferring to stay back included their desire to be closer to their homes, culture, and family; limited number of “significantly attractive” job offers overseas; and substantial increase in job opportunities and improved standard of living in India; and significant entrepreneurial opportunities in India.
Interestingly, when asked “10 years down the line, which geography do you think will hold the most promise for success?”, 72 per cent IITians chose India, with only 17 per cent opting for the US, 5 per cent for Europe and 2 per cent for China, the study adds.
The Evalueserve study also points out that IITians are also expanding their career choices beyond the traditional engineering and technology opportunities.
“There has been a noticeable shift towards consulting and financial services as well as continued interest in entrepreneurial aspirations. This shift is related to the buoyant Indian economy, a surging Indian stock market, and the increased earnings potential in these areas,” it adds.
“It is well known that graduates from IIT, popularly known as IITians, have historically preferred to move to the U.S. or other countries to pursue higher studies and explore more attractive career opportunities. However, preferences have changed during the last few years,” says a recent study conducted by a leading global research and analytics’ firm, Evalueserve.
Prepared after a survey of 677 IITians, the study points out that among IITians, who graduated between 1964 and 2001, 35 per cent moved to countries other than India, while 65 per cent preferred to stay back. However, among IITians who graduated in 2002 and later, only 16 per cent went abroad, while 84 per cent remained in India. “Recent graduates also believe India will be the most promising geography for IIT graduates in 10 years,” it says.
According to the study, among IITians, who graduated during 1964 and 2001, 60 per cent believed that when they were graduating, the U.S. and other developed countries provided better opportunities, while the remaining said it was India which provided job prospects. However, among those who passed out of the IITs between 2002 and 2008, this number dropped to 51 per cent who believed that developed countries would provide them better opportunities.
Interestingly, the point of “inflexion” arrives with the graduating class of 2002, where these changing trends became more pronounced. This correlates with the growth of India’s economy, the study points out. It also notes that better academic opportunity was the primary reason among IITians for choosing the U.S. over India.
However, there were other reasons too that resulted in IITians not going to the U.S. — stringent visa norms after the 9/11 terrorist incident, high cost of living, limited scholarships, high tuition fees, and the perception of reduced employment opportunities and a poorer life in the U.S.—, the study says.
While the reasons behind IITians preferring to stay back included their desire to be closer to their homes, culture, and family; limited number of “significantly attractive” job offers overseas; and substantial increase in job opportunities and improved standard of living in India; and significant entrepreneurial opportunities in India.
Interestingly, when asked “10 years down the line, which geography do you think will hold the most promise for success?”, 72 per cent IITians chose India, with only 17 per cent opting for the US, 5 per cent for Europe and 2 per cent for China, the study adds.
The Evalueserve study also points out that IITians are also expanding their career choices beyond the traditional engineering and technology opportunities.
“There has been a noticeable shift towards consulting and financial services as well as continued interest in entrepreneurial aspirations. This shift is related to the buoyant Indian economy, a surging Indian stock market, and the increased earnings potential in these areas,” it adds.
Thursday, April 3, 2008
IIT directors urge govt to give new institutes another name
Directors of some Indian Institutes of Technology (IITs) are understood to have written to Planning Commission Deputy Chairman Montek Singh Ahluwalia urging the government to give the proposed IITs some other name.
They are of the view that calling the new institutes “IITs” would dilute the brand image of the existing premier institutes, which figure among the world’s 100 best technology universities and are compared with the likes of MIT, California University and Berkeley.
The seven IITs are located in Kharagpur, Mumbai, Chennai, Kanpur, Delhi, Guwahati and Roorkee.
With the government’s plan to set up eight new IITs in Rajasthan, Bihar, Andhra Pradesh, Himachal Pradesh, Orissa, Madhya Pradesh, Gujarat and Punjab, and the conversion of the institute of technology at Banaras Hindu University into an IIT, the total number of IITs will increase to 16.
The government has proposed to create the new IITs under the same mandate as the older ones so that they enjoy similar financial support, though they may have a different council.
“I am surely in favour of the government’s idea of creating new quality institutes like the IITs but they should be given a different name so that a different branding can be created,” said Ashok Mishra, director, IIT Bombay.
“The older IITs are in the global league and are on the rising curve in terms of research and development. They are a different brand altogether,” he added.
A S Kolaskar, advisor, National Knowledge Commission, acknowledged that “there is a group which believes that the brand equity of the IITs and IIMs should not be diluted and thus they are working towards it. We too believe that the new institutes should be created on a different model and impart better technical education with liberal arts.”
The IITs were established and declared Institutes of National Importance by the government in 1951 to train scientists and engineers.
All IITs are autonomous universities that draft their own curricula. Some IITs were established with financial assistance and technical expertise from UNESCO, Germany, the United States, and the Soviet Union.
Each IIT is linked through a common IIT Council that oversees its administration.
About 15,500 undergraduate and 12,000 graduate students study in the seven IITs, in addition to research scholars.
They are of the view that calling the new institutes “IITs” would dilute the brand image of the existing premier institutes, which figure among the world’s 100 best technology universities and are compared with the likes of MIT, California University and Berkeley.
The seven IITs are located in Kharagpur, Mumbai, Chennai, Kanpur, Delhi, Guwahati and Roorkee.
With the government’s plan to set up eight new IITs in Rajasthan, Bihar, Andhra Pradesh, Himachal Pradesh, Orissa, Madhya Pradesh, Gujarat and Punjab, and the conversion of the institute of technology at Banaras Hindu University into an IIT, the total number of IITs will increase to 16.
The government has proposed to create the new IITs under the same mandate as the older ones so that they enjoy similar financial support, though they may have a different council.
“I am surely in favour of the government’s idea of creating new quality institutes like the IITs but they should be given a different name so that a different branding can be created,” said Ashok Mishra, director, IIT Bombay.
“The older IITs are in the global league and are on the rising curve in terms of research and development. They are a different brand altogether,” he added.
A S Kolaskar, advisor, National Knowledge Commission, acknowledged that “there is a group which believes that the brand equity of the IITs and IIMs should not be diluted and thus they are working towards it. We too believe that the new institutes should be created on a different model and impart better technical education with liberal arts.”
The IITs were established and declared Institutes of National Importance by the government in 1951 to train scientists and engineers.
All IITs are autonomous universities that draft their own curricula. Some IITs were established with financial assistance and technical expertise from UNESCO, Germany, the United States, and the Soviet Union.
Each IIT is linked through a common IIT Council that oversees its administration.
About 15,500 undergraduate and 12,000 graduate students study in the seven IITs, in addition to research scholars.
Wednesday, March 26, 2008
IIT B-schools lack IIM allure
Despite being the leader in technical education in the country, IITs are still regarded less than first grade when it comes to providing business education.
Even as they work to create a pool of technical experts with good management skills, the most coveted engineering institutes of the country — the Indian Institutes of Technology (IITs) — are not the first choice for management programmes.
IIT graduates, by virtue of graduating from the top institutes of engineering, aim for a management school which is equally high up in the rankings.
“These departments could be a choice for students who could not make it to the IIT at undergraduate level but not IIT graduates,” notes Arindam Lahiri, director (academics), Career Launcher.
Going by the perception of students aspiring for management education, these departments are definitely not their first choice, asserts Jaideep Singh Chowdhary, senior member academic team, TIME — a management entrance training institute, said.
As per the estimates by TIME, nearly 54 per cent of students across eight IIMs are engineers — of which around 20 per cent are IIT graduates.
“IIM graduates are taught industry strategies which reduces the burden of companies when it comes to training freshers. Management graduates from IITs, on the other hand, have education in a technical environment and are thus expected to do well in the technical department. Hence, they are given second preference which does affect the remuneration of these graduates,” explains Arvind Sehgal, director, New Era India Consultancy.
He points out that while the remuneration for IIM graduates typically averages around Rs 12-15 lakh per annum, a fresh management graduate from IIT pockets only around Rs 6-7 lakh.
Satya Narayanan, founder-chairman & director, Indus World School of Business, concurs that these departments are a notch or two lower than the Indian Institute of Management (IIMs) — the premier institutes of management education in the country.
However, the management departments of IITs are slowly seeing an increase in remuneration packages. For instance, this year the average domestic salary at the Shailesh J Mehta School of Management, IIT Bombay, increased by 44 per cent at Rs 13.96 lakh as compared to Rs 9.71 lakh last year.
The Vinod Gupta School of Management (VGSOM), IIT Kharagpur, too recorded an average domestic salary of Rs 11.44 lakh per annum — a 30 per cent increase over last year’s average.
The gap, in any case, remains, as this is countered with a considerable rise in the salary of IIM graduates as well.
Apart from older IIMs, like IIM-Ahmedabad, where lateral placements recorded an increase of nearly 13 per cent in average salary to reach around Rs 18 lakh, newer IIMs like IIM Khozikode, too, registered an average salary of Rs 14.83 lakh per annum, a 16 per cent increase over last year’s figure.
“Of course, the IIMs are very good, but as such they cannot be compared to the management schools run by the IITs. We, in our own way, have been having good placements in recent times. Even though the IIT graduates go to the IIMs or even abroad, some of them do opt for management courses in these departments, especially in the dual degree programme which IIT-Kharagpur introduced two years ago,” said Probir Kumar Gupta, Dean, VGSOM.
“There are reasons to go into diverse fields and get a management degree from the IIMs but if one wishes to specialise in technical management a degree from IITs is a good option,” K Raman, executive director KPMG said.
The department of management studies came up with the objective of creating a centre of excellence in management education with emphasis on technology-driven and knowledge-based industries.
The oldest is at IIT-Kanpur, which came up in 1974. It is also engaged in a diverse set of activities including industry consultancy, management development programs, academic research, public sector projects among others.
Even as they work to create a pool of technical experts with good management skills, the most coveted engineering institutes of the country — the Indian Institutes of Technology (IITs) — are not the first choice for management programmes.
IIT graduates, by virtue of graduating from the top institutes of engineering, aim for a management school which is equally high up in the rankings.
“These departments could be a choice for students who could not make it to the IIT at undergraduate level but not IIT graduates,” notes Arindam Lahiri, director (academics), Career Launcher.
Going by the perception of students aspiring for management education, these departments are definitely not their first choice, asserts Jaideep Singh Chowdhary, senior member academic team, TIME — a management entrance training institute, said.
As per the estimates by TIME, nearly 54 per cent of students across eight IIMs are engineers — of which around 20 per cent are IIT graduates.
“IIM graduates are taught industry strategies which reduces the burden of companies when it comes to training freshers. Management graduates from IITs, on the other hand, have education in a technical environment and are thus expected to do well in the technical department. Hence, they are given second preference which does affect the remuneration of these graduates,” explains Arvind Sehgal, director, New Era India Consultancy.
He points out that while the remuneration for IIM graduates typically averages around Rs 12-15 lakh per annum, a fresh management graduate from IIT pockets only around Rs 6-7 lakh.
Satya Narayanan, founder-chairman & director, Indus World School of Business, concurs that these departments are a notch or two lower than the Indian Institute of Management (IIMs) — the premier institutes of management education in the country.
However, the management departments of IITs are slowly seeing an increase in remuneration packages. For instance, this year the average domestic salary at the Shailesh J Mehta School of Management, IIT Bombay, increased by 44 per cent at Rs 13.96 lakh as compared to Rs 9.71 lakh last year.
The Vinod Gupta School of Management (VGSOM), IIT Kharagpur, too recorded an average domestic salary of Rs 11.44 lakh per annum — a 30 per cent increase over last year’s average.
The gap, in any case, remains, as this is countered with a considerable rise in the salary of IIM graduates as well.
Apart from older IIMs, like IIM-Ahmedabad, where lateral placements recorded an increase of nearly 13 per cent in average salary to reach around Rs 18 lakh, newer IIMs like IIM Khozikode, too, registered an average salary of Rs 14.83 lakh per annum, a 16 per cent increase over last year’s figure.
“Of course, the IIMs are very good, but as such they cannot be compared to the management schools run by the IITs. We, in our own way, have been having good placements in recent times. Even though the IIT graduates go to the IIMs or even abroad, some of them do opt for management courses in these departments, especially in the dual degree programme which IIT-Kharagpur introduced two years ago,” said Probir Kumar Gupta, Dean, VGSOM.
“There are reasons to go into diverse fields and get a management degree from the IIMs but if one wishes to specialise in technical management a degree from IITs is a good option,” K Raman, executive director KPMG said.
The department of management studies came up with the objective of creating a centre of excellence in management education with emphasis on technology-driven and knowledge-based industries.
The oldest is at IIT-Kanpur, which came up in 1974. It is also engaged in a diverse set of activities including industry consultancy, management development programs, academic research, public sector projects among others.
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