Is IIT IIM tag worth it? I hear it works in the matrimony market if not in the job market
please share anecdotes
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Since grapevine is a tech-heavy platform, many might suggest that it is not worth it.
In most roles outside tech, it is still very relevant.
PS: I'm a non IIT-IIM and an exceptional performer throughout my career. "Where their struggles start, my dreams end" :)
Amen brother, amen 🫂
Hey ! Hows Zepto for MBA Roles ?
I'll tell you an inside secret why people prefer folks from IIT/IIM.
It's because of their perspective, risk taking ability and aspirations. People from tier 1 clg generally aspire to become big and they are intrinsically motivated to do whatever it takes to achieve things.
They have a larger perspective towards life since they are exposed to a lot of things in college.
And that's it. I'm not saying that all IIT/IIM folks have this, or other folks don't have it. It's just that IIT/IIM graduates have worked hard to get there and already proven that they have that fire.
Everyone who doesn't have it will say it really doesn't matter. Those who have it will know how much easier it made their life seem compared to others.
It’s true. It’s a sad thing but it’s true
Spot on 💯
100% worth it. My spouse does tech leadership hiring and CEOs invariably prefer candidates from "brand" colleges, even when these candidates have been in the industry for 15+ years and have done a lot. Best case scenario is brand colleges + industry-specific brand companies.
Definitely a practice followed at all FAANG companies too. Active filtering for top colleges
Yes, it definitely helps.
Let me give you an example.
A few years back I read this report, 1.4 Cr applicants for 90,000 peon jobs in Railways. Includes thousands of PhDs, etc.
What you must infer from this is - there are a lot of candidates for any profile. The sheer number of applications any opening would receive is so overwhelming for any HR responsible for talent acquisition or the hiring/line manager. They're going to apply shortcuts or heuristics.
Companies are not obliged to go through 21,000 resumes for an opening. A candidate might feel, oh wish the world was fair, every candidate should get a fair shot. To go through so many CVs that a company receives, the company would need to hire an army of HRs, which franly doesn't make sense.
They can't go too wrong if simply apply the filter of top colleges. Education serves a signalling function, in country of hordes and legions of candidates. Way too much noise, too little signal.
The IIM tag is quite overrated if you aren't in traditional sunset industries such as Investment Banking or Strategy consulting. If you are someone in tech, it almost doesn't help at all or can be even detrimental because of the opportunity cost.
Why did you refer IB and consulting as sunset industries? Just curious.
There aren't that many front end IB opportunities in India, for instance there was one bulge bracket IB role and a handful of small boutique IB analyst roles for my whole batch at an IIM. The boutique firms didn't even pay well to command 14 hour workdays, 7 days a week lifestyle. Even for entry level analyst roles this was the size of the opportunity in India.
Consulting doesn't pay well anymore or isn't as lucrative as tech.
There is no doubt that people on an average from premier IITs or IIMs are a cut above the average from the rest. Regarding the tag, people don't get that easily. It's just a reflection of their natural IQ and hardwork at some point in time. IQ is not necessarily nurtured, a part of it is natural. There is a clear difference in speed at which high iq people work. So, it's only natural that they would fare well in the job market if they put in sufficient hours of work.
+1 truly agree here. As much as people don’t want to say this