The number of Indian Institute of Technology (IITs) graduates moving to the abroad countries for higher studies and jobs is declining.
As per the reports, IIT Madras officials said the overall number of students of the institute moving abroad for higher studies and employment had been decreased by 50% during 1980 to around 15% in last two years.
Currently, 800 B.Tech graduates are pursuing education in IIT Madras this year. Around 10% of these students are planning to move to abroad countries.
According to the officials, a total of 661 B.Tech and dual degree candidates, who passed out from the IIT Madras in 2013-14, 100 are moved to abroad countries, which includes 88 students went to United States and 2 to Canada.
During 2012-13, 40 out of 640 graduates went to abroad countries for studies and Jobs.
This year, mere 10% graduates have registered to go overseas. The remaining graduates would be staying in India to start their ventures.
During the placements this year, most of the students moved from core branches to non-core firms.
Some of the factors have contributed them to staying back. Encouragement of entrepreneurship at the Institute including adding minor courses, an MS in Entrepreneurship.
The another important reason is most of the IIT Graduates prefer to pursue management course in any of the Indian Institutes of Management (IIMs).
As per the study, more than 50% of IIT graduates have joined to IIMs. An MBA (Master of Business Administration) degree after IIT degree would boost their career growth.