faithfulguy
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MIT is certainly better than IIT, but difference lies in selectively. IIT is much more selective as compared to MIT. Although MIT degree may be more sought after by the recruiters than IIT in US. However, on an average, an IIT grad may beat MIT grad on technical knowledge.
I would say that both are equally good in term of students. Both are the best technical colleges in their own nation. But MIT is certainly more prestigious in all countries in the world not named India.
Another good school is Max Planck institutes in Germany. They are equally good as MIT, Cal tech, and IITs in term of student quality. But equal to MIT in term of research and much better than IIT.