Is IIT, Kharagpur the same as MIT or Harvard?

Question

Accepted Answer

None of the IITs now compete with international institutions. IIT Kharagpur is a great option only if your future plans include moving to India. IITs are not as valuable as premier institutions in the US, UK, France, and Switzerland globally. There are various reasons for Harvard to stay in the upper hand that Indian institutions, they are as follows:


	Academic excellence: IIT Kharagpur is not ranked as one of the top engineering institutions in the world in terms of reputation or ranking. However, when looking at all elite colleges worldwide, Harvard University came in second place, which proves its academic excellence, faculty base as well and infrastructural abilities.
	World-Class Faculty: Some of the top business professors in the world teach at these institutions. Harvard professors are not only leaders in their disciplines but also frequently carry out ground-breaking research that advances our understanding of business.
	Scholarship and financial aid: Scholarships and financial assistance are available for deserving students, despite the fact that Harvard's tuition is more than that of IIT Kharagpur. Even the costs for lodging are included.
	Strong Alumni Base: Harvard University has an extensive and powerful global alumni network. This network might offer beneficial contacts and chances for professional success. Rahul Bajaj, CEO of Bajaj Auto, and Rajat Gupta, a former managing director of McKinsey & Company, are notable Indian graduates of Harvard Business School.
	Access to Silicon Valley (Stanford) or Boston (Harvard): Stanford is located in the heart of Silicon Valley, while Harvard is close to the flourishing economic center of Boston. Both universities provide access to Silicon Valley or Boston. It is simpler to investigate starting your own business, participate in internships, and network because of this proximity to existing businesses, venture capital firms, and tech startups.
	Placement statistics: The average package offered by Harvard Business School is 150,000 USD per year, according to placement statistics of 2022.


So, in conclusion, selecting Harvard over IIT Kharagpur offers global recognition, a diverse learning environment, and access to a broad range of fields. However, financial costs and cultural adjustments are important factors to consider. Ultimately, the decision hinges on individual goals and priorities, weighing Harvard's prestige against personal circumstances.

Expense Type	Average Cost (INR)	Equivalent (USD)
Tuition Fee	₹ 58.37 Lakhs	USD 64310
Application Fee	₹ 8,169	USD 90

Expense Type	Average Cost (INR)	Equivalent (USD)
Housing	₹ 14.7 Lakhs	USD 16200
Transportation	₹ 2.5 Lakhs	USD 2754
Food	₹ 6.78 Lakhs	USD 7470
Personal Expenses	₹ 6.85 Lakhs	USD 7542
Health Insurance	₹ 4.15 Lakhs	USD 4572
Books and supply	₹ 1.02 Lakhs	USD 1126
Other Fees	₹ 38,123	USD 420
Total Cost	₹ 36.38 Lakhs	USD 40084

Academic Year	Tuition Fees (INR)	Tuition Fees (USD)
2025	₹ 58.37 Lakhs	USD 64310
2024	₹ 32.35 Lakhs	USD 35645
2023	₹ 45.48 Lakhs	USD 50100
2022	₹ 45.48 Lakhs	USD 50100
2021	₹ 16.16 Lakhs	USD 17800

Category	Details
School	Solan School of Management
Academic Requirement	A bachelor’s degree or equivalent in a related field, with a GPA of at least 3.5 or above.
English Language Requirements	TOEFL: 100 \| IELTS: 7.0 \| Duolingo: 135
Duration of Program	5 to 6 Years
Application Fee	$90
Application Link	Application Link
Documents Required	Online application Application Fee Transcripts English proficiency exam scores Copy of Passport Three letters of recommendation Resume Statement of Objectives Interview Writing Sample GRE/GMAT scores

University	Program	First Year Fees in USD	First Year Fees in INR
University of California	PhD Economics	USD 13,140 /Yr	INR 11.9 L/Yr
Princeton University	PhD Economics	USD 65,120 /Yr	INR 59.1 L/Yr
Stanford University	PhD Economics	USD 63,540 /Yr	INR 57.7 L/Yr
Massachusetts Institute of Technology	Ph.D Economic Sociology	USD 83,405 /Yr	INR 75.7 L/Yr
University of Chicago	Ph.D Economics	USD 75,780 /Yr	INR 68.8 L/Yr

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Comments

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Washington DC Scholarships	NDHjH0Variable Amount	70v4DRBachelor	+zy2NqMerit-Based	SZw9tS
Comindware Scholarship	NDHjH0$ 4,000/Yr$4,000	70v4DRApprenticeship	+zy2NqMerit-Based	SZw9tS
Forktip Women’s- Innovation Scholarship	NDHjH0Variable Amount	70v4DRBachelor	+zy2NqCollege-Specific	SZw9tS
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Ph.D Economics, University of Pennsylvania 5 years	Application Deadline for Fall 2027 Intake (15th Dec 2026)	USD 44,792 /Yr	TOEFL: 100 IELTS: 7
PhD Economics, University of California 6 years	--	USD 13,140 /Yr	IELTS: 7.0 TOEFL: 90
PhD Economics, Princeton University 5 years	--	USD 65,120 /Yr	TOEFL: 108 IELTS: 8 Duolingo: 125
PhD Economics, Stanford University 5 years	--	USD 63,540 /Yr	TOEFL: 4.5 IELTS: 7
Ph.D Economic Sociology, Massachusetts Institute of Technology 3 years	--	USD 83,405 /Yr	IELTS: 7 TOEFL: 90 GRE: 330

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Housing	$16200
Transportation	$2754

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2024	$35645
2023	$50100
2022	$50100
2021	$17800