Many private institutes published ads claiming 100% placement in their engineering or business-related courses. Mostly these ads are misleading and one should investigate their claim thoroughly before taking admission to a very expensive course.
Their claim of 100% placement might also be correct, but what is the real impact. Are the placed students earning well? Are these companies reputable?
Here we will discuss how to evaluate the 100% placement claim.
How to evaluate the 100% placement claim?
The most important goal of this exercise is to understand the overall success of the institute and the particular program.
You should be asking for the following details from the institute:
- List of companies that recruited students from that particular course/program.
- Minimum CTC offered.
- Maximum CTC offered.
- Average CTC offered.
- Official records of those students placed.
- Total fees of the course/program.
Actual total fees of the program
Calculate the actual total cost of the program:
- Semester fee
- Hostel fees
- Transportation fees (if any)
- Pocket money
- Books + other expenditure
Calculate items 1,2,3,4 for the overall duration of the program.
Suppose the total cost is TCX
Suppose the duration of the course is DY
Acceptable placement claim
Followings conditions are acceptable:
- TCX <= (DY/ 2) * Average CTC
- TCX <= DY * Minimum CTC
For example, the total cost of the course is 12 lakhs INR, course duration 4 years, the Average CTC must not be less than 6 lakhs and the minimum CTC must not be less than 3 lakhs
If the above conditions are not satisfied then the 100% placement claim is not acceptable and it does not worth it.
There is no point in spending a lot of money on a course that can not guarantee a job with a reasonable salary.
The average CTC offered must be twice the yearly cost incurred during the course.
Are the companies real?
Are the companies recruited from this course reputable, are these even real?