Industry'S Loss Can Be Academia'S Gain
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    • Industry's loss can be academia's gain

    Maya Kapoor

    Financial Analyst
    Universities which until last year lost out to corporates when it came to hiring IITians can now able to get the candidates they wanted.

    Among the many universities shopping for faculty members is the     Alfaisal University in Saudi Arabia. It has landed up at IIT-Bombay, Kanpur, Chennai and Delhi and offered an annual compensation of 1.3 lakh Saudi riyals (approximately Rs 17 lakh), apart from housing and other facilities, to students who will soon complete their master's or PhD.

    "Several universities from across the globe have invited our students to take up teaching assignments. About 40 to 50 PhD and master's students have taken up such offers,'' said B K Mathur, placement chairman at IIT-Kharagpur.

    In contrast to the annual compensation of around Rs 19 lakh that international universities offer, at most IIT campuses an Indian educational institute recruiting students for a teaching position typically offers an annual salary of Rs 7 lakh.

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