Joint CTARA-CSE Talk -------------------- Dear all, The second talk in the current chapter of FUSS is on FRIDAY, JANUARY 31, 2014 FROM 5:15PM TO 6:15PM. The speaker is Milind Sohoni, who is a faculty member in the CSE department and is also the Head of CTARA (The Centre for Technology Alternatives for Rural Areas). The details regarding the talk are given below. Venue of the talk is F. C. Kohli Auditorium, 'B' Block, 01st Floor, Dept. of CSE, Kanwal Rekhi Building. TITLE: THE ELITE UNIVERSITY: ARE WE TOO SELECTIVE? ABSTRACT: Elite Indian universities, such as the IITs, IIMs, IISc etc., are an important part of the intellectual landscape of India. These capture the imagination and aspirations of our society and wield considerable influence on the conduct of higher education in this nation. Whence, it is important that we understand and evaluate their impact on the well-being of our society. This talk will analyse the so-called "placement data" (i.e., career choices made by fresh graduates) for 2013 of a large segment of graduates. We classify these by sector, location and salary. We show that the data reveals two serious problems (i) allocation of students to non-engineering, and to companies which have little direct impact on the Indian economy, and (ii) a limited relevance of the course-work to career options. Next, we do a formal analysis of how this could have come about. This points to the exceptional selectivity of the JEE and GATE as a possible factor. The so called "meritorious" (i.e., those who succeed in these multiple-choice exams), are literally too "smart" to be useful for the Indian situation, and that the training does not add any utility. We point to a study by Maskin and Kremer which points to exactly such a possibility and also its consequences of higher inequality and poor social outcomes. Following Stiglitz, we propose a reasonable definition of a "meritocracy" and show that we fail it on several counts. Finally, we suggest some remedies and also some additional work in this direction. A working paper for the talk is available at www.cse.iitb.ac.in/~sohoni/sel.pdf [1]. This is joint work by Maunik Shah and Vinish Kathuria.