I’ll narrate my experience in one of my internships.
I was waiting for my training schedule. I was waiting in someone’s office. He asked who I am and what I studied.
He- “Ohh, BITS Pilani? That’s great. Few of my friends graduated from BITS. They are all working in US now…”
Me- “Ohh that’s nice, sir”
He- “What are you doing here though? Most trainees here come after graduating from regional colleges, you should be training in Head office or something!”
Me- “well, I’m here to get some work experience, and I haven’t even graduated yet…”
A lower employee comes in
He (to the other person)- “Do you know who this kid is? A BITS Pilani student. (to me) Do you want coffee? Tea? Water? He’ll get it for you”
Me – (in my head) An employee will get water for an intern? Oh…! “No thank you sir, I’m fine”
So yes, being an IITian or a BITSian has its own perks.