Alex Mayyasi describes the admissions exam for the Indian Institutes of Technology (IIT):
The prize is a spot at a university that students describe without hyperbole as a “ticket to another life.” The Indian Institutes of Technology (IITs) are a system of technical universities in India comparable in prestige and rigor to the Massachusetts Institute of Technology or the California Institute of Technology. Alumni include Sun Microsystems co-founder Vinod Khosla, co-founder of software giant Infosys Narayana Murthy, and former Vodafone CEO Arun Sarin. Popular paths after graduation include pursuing MBAs or graduate degrees at India’s and the West’s best universities or entertaining offers from McKinsey’s and Morgan Stanley’s on-campus recruiters.
Government subsidies make it possible for any admitted student to attend IIT. The Joint Entrance Exam is also the sole admissions criteria – extracurriculars, personal essays, your family name, and, until recently, even high school grades are all irrelevant. The top scorers receive admission, while the rest do not.
Last year, half a million test-takers competed for ten thousand spots:
In 2012, Harvard accepted 5.9% of applicants. Top engineering schools MIT and Stanford had acceptance rates of 8.9% and 6.63%. The acceptance rate at the IITs, as represented by the pass rate in the JEE, was 2%.