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Akanksha Menon 18 November 2023

What are pay after placement courses? Are these trustworthy or just a well-worded scam? A common question that would come to anyone’s mind if they were to hear about it.

In today's world with lakhs of students graduating with various degrees, courses with certifications are what give you an edge over others. Not only do they provide you with a competitive advantage but also skill validation and industry recognition. But then again, if one were to look up online courses to opt for, they would find more institutions to choose from than cosmetics brands in a supermarket. So what should a student finally choose? How do they finally decide which amongst these are the best?

After looking at curriculum, reviews, results, etc students face a new dilemma. What you may ask? With unemployment rates at an all time high and the market showing no signs of improvement it is practically impossible for students fresh out of college to invest huge sums of money in something without a guarantee to ensure things will work out. While most are still recovering from the grips of financial burdens that pursuing a degree comes with, paying hefty sums for a say 12-week course is just not feasible. So, what is the solution? Is there an alternative?

Thankfully, yes! Let me take you back to my first question. What are pay after placement courses? "Pay after placement" courses, also known as income share agreements (ISAs) or deferred tuition programs, have gained popularity in the education sector. These programs allow students to enroll in a course without paying the full tuition upfront. Pay after placement is beneficial since it synchronizes your success with the achievement of the educational institution. They are encouraged by this model to offer high-quality training, which will boost your employment prospects and guarantee that your educational investment was worthwhile. In this manner, you can concentrate on your studies, and the school is motivated to assist you in obtaining employment so that they can continue to provide quality instruction. It improves your work skills and is less taxing on your money. Pay After Placement Programs offer training and skills that are relevant to the industry, with the goal of increasing participants' employability.

Here are some popular Pay after placement courses:

For someone in Data Science, AlmaBetter's Full Stack Data Science course is another exceptional choice. Students who complete the course will have a thorough grasp of Data Science, including statistics, data visualization, machine learning, deep learning, and many other concepts. The 30-week training emphasizes practical experience through real-world projects. The best part about this training is that you only have to pay the fee after landing a job that pays at least ₹ 5 LPA. Therefore, the ISA amount for the AlmaX (Placement Program) is just INR 10,000 every month for 24 months following your first salary.

Key features of the course are:

  1. Live training four times a week

  2. Part-time 6-month program

  3. 100+ Live Classes from 8 PM to 10 PM.

  4. Lifetime access to recordings

  5. 20+ capstone projects & 1000+ coding problems and assessments

  6. Weekly Doubt Resolution sessions

  7. 50+ mock interviews with dedicated Career Coaches

One of the top institutions in India, Masai caters to a variety of students by providing full-stack web development courses both full-time and part-time. The offering's special feature is that students can begin their studies with no upfront fees and only have to pay after being placed with a minimum CTC of INR 3.5 LPA. Their business concept is Pay After Placement, wherein selected students contribute 15% of their monthly earnings to the contract for a maximum of three years, or until they reach INR 3 lakhs, whichever comes first. The full-time 30-week course includes an intense and deep curriculum that demands attendance six days a week from 11 a.m. to 11 p.m. In contrast, the part-time course necessitates attendance from 10 AM to 5 PM on Saturdays and 8 PM to 11 PM on weekdays. With a 96% placement rate to date since its founding in 2019, Masai credits its industry-relevant training and project-led curriculum. You must be between the ages of 18 and 28 and have completed the 12th grade or an equivalent diploma in order to be eligible to participate in the full-time program. You must be enrolled in the last year of your graduate program or be a working professional in order to apply for the part-time course.

Key features of the course are:

  1. Full time and part time courses

  2. 96% placement rate

  3. Industry-relevant training

  4. Project-led curriculum

  5. Minimum CTC 3.5 LPA

For someone looking to build a career in digital marketing field, one of the most well-known institutions that provides courses on digital marketing and brand development on a pay after placement basis is Kraftshala. The "Marketing Launchpad Program," a 20-week full-time online course with a focus on digital media and content and social media, is available for entry-level positions. Following the 12-week course completion, students begin their placement cycles, which include a two-month internship with prestigious marketing firms and product-based businesses. Once they are placed, students just have to pay once, with a minimum CTC of INR 4.5 LPA. They also provide programs for B-school students and managers.

Key features of the course are:

  1. Minimum CTC of 4.5 LPA

  2. 94% placement rate

  3. Hands-on personalized course

When it comes to pay after placement courses in various domains, Dropout Academy's UX Design Bootcamp program is the best choice. They offer an integrated UI & UX design course spanning over 12-16 weeks. The online classes take place on the weekends where you’ll be taught everything about UI & UX design along with 30+ assignments and a 3 capstone portfolio project.

Key features of the course are:

  1. Live mentorship sessions

  2. Mentors from top organisations like IBM, Myntra, Nykaa, Housing, etc

  3. Live sessions on AI & Chatgpt

  4. Portfolio design using Framer & Notion

  5. Resume and portfolio preparation sessions

  6. Mock interviews

  7. 1-year guaranteed placement assistance

  8. 500+ hiring partners

  9. Exclusive webinars with industry experts like Ansh Mehra, Akshita Bindra, Tushar Deshmukh and many others

Under their pay after placement model, you'll only have a pay a fraction of the fee upfront while the remaining shall only be paid if you land a job within 12 months of finishing the course. The payment will not be made in one lump sum but rather will be split up into EMIs that can last up to 18 months and are determined based on your CTC in the new job. Not only do they have stellar reviews and tons of success stories, they also boast a 90% placement rate with the highest salary being 15 LPA for a UI/UX designer.

So for anyone looking to make a career into UX Design, Dropout Academy is a no- brainer.

To sum up, pay-after-placement courses present a dynamic and exciting substitute for conventional educational paradigms. This model's symbiotic interaction between students and institutions encourages a dedication to academic excellence. It is clear that the face of education is changing to suit the demands of a job market that is changing quickly. Pay-after-placement courses, which link monetary rewards with observable results, not only equip students with employable skills but also reframe the significance of education.

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