Does an IIT PhD add no value?
Year after year, the IITs observe that PhD students receive not only a far lower median pay package during the placement season, but also a far lower rate of placement. IIT-B has explicitly released statements attesting to the fact: in the academic year 2011-12, while 78% of students from a particular bachelor’s course had received placement, the figure for the PhD students was at a dismal 14%.
According to an IIT Bombay report, MTech and PhD graduates in India receive a lower average salary than their BTech counterparts, a trend that is exactly the opposite of what occurs in US, and most other advanced nations.
A probable cause for such a scenario is this: while there is a high demand for a BTech level of skills, the demand for the higher, more specialized and research-oriented skills that an MTech or a PhD imparts, is much lower. Consequently, the PhDs get lower pay despite a far greater level of specialization.
What do you think? Why are the PhDs so much worse off in terms of jobs?
How do you think that this impacts the high-tech sector in the country?