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Pay After Placement - Introduction, Benefits, & Pay After Placement Courses
Ridhima Jindal
Updated on 28th June, 2024 , 4 min read
Pay After Placement: A concept designed to help learners across the nation get their dream jobs and get placed in a suitable company. Pay After Placement (PAP) is a dream program for every student, learner, or working professional. In these times when continuous learning and upskilling are the keys to a successful career, individuals are often worried about their job security.
In the times and era of high competition, a program like Pay After Placement is helping these potential job seekers develop a sense of security and providing a risk-free learning environment and opportunity.
In this article, we will learn in detail about the Pay After Placement Program, Its Benefits, and the online courses that are linked with the Pay After Placement Scheme.
Pay After Placement - A Brief Overview
Pay After Placement is a program designed to help learners grow in a risk-free environment and prepare them for the job market. In layman's terms, the student or learner will pay the fees of a particular course at a specific institute only after they get placed utilizing that knowledge. However, the learner must be aware that they must pay a certain fee to enroll in the Institute. Once they are enrolled with the minimum amount, they are not required to pay further until placement.
For example: let us say that a learner goes to an XYZ Institute to learn Python. It is also assumed that this language can land the learner a job in the dream company. Now XYZ Institute will not ask the student to pay the course fee to learn Python unless the learning is complete or the learner gets a job or placement. Moving forward, let us say that the student has completed the 1 month Python crash course, interviews with his dream company (through the XYZ Institute), and gets placed using the course learned. This is when the learner pays the XYZ Institute.
Now in case a situation arises where the learner does everything but unfortunately does not land a job due to a particular reason. In this case, no amount needs to be paid by the student.
Benefits of Pay After Placement
No Cost Paid Until the Placement: The most interesting and advantageous fact about PAP is that the student does not have to pay any amount until they secure a job. This means it is not only pocket-friendly but also reduces the stress of the money being wasted.
Placement Assistance: Another important factor in enrolling for a pay-after-placement program is that it gives complete guidance on placement end-to-end. The students and learners get complete guidance on how to prepare for interviews, what to answer, and how to answer. Along with this these companies have tie-ups with several employers from across the world and can help the learner match with their best fit.
Premium & Dynamic Courses: These courses offered by the institutes are designed by industry experts and the learner is provided with the best of coaches, trainers, experts, and mentors to help navigate through the tough times of getting a job. Not only this, these courses are outcome-oriented.
Effortless Growth in Career: These courses are mainly designed for the IT Industry and basically anyone can pivot in their career with the help of PAP. Using PAP to grow in the career is an effortless procedure and even provides a no-pay policy.
Similarities Pay After Placement & Placement Accountability Program by Sunstone
Sunstone, a leading ed-tech company recently launched its Placement Accountability Program, also abbreviated as PAP. Let us draw a few similarities between the both and why should learners and students prefer these programs
| Pay After Placement | Placement Accountability Program - Sunstone |
| No payment till the final placement | Offers a 100% refund if not placed through Sunstone |
| 100% placement guaranteed | 100% placement guaranteed |
| Learners will pay a certain fee if they leave in between | No money is refunded in case the student is not placed through own fault |
| Provides a sense of security to the learner | Provides a certain kind of job security to the student |
| End-to-end placement guidance | End-to-end placement guidance |
Pay After Placement - The Process
Having discussed some benefits, let us now take a look at the general procedure for the Pay After Placement program.
- Learners enroll with an institute by paying the admission fees
- Once the learner completes the course, they opt for the institute's Pay After Placement program
- A confidentiality agreement is signed between the learner and the institute
- Once the agreement is signed, the learner is provided with 100% job training from the industry experts
- Learner pays the fees only when he gets a certain package as may be decided by the institute. This will then be deducted from the learner's salary on an EMI basis for a certain time as set by the learning institute
Sunstone Placement Accountability Program - The Process
Let us say a student has raised a query with Sunstone for a B.Tech Course at SRMU. Here’s how the PAP then works:
- Sunstone counsellor will connect with the student and if all goes well, the student will apply for the course
- Sunstone will guide the student in the end-to-end admission process right from a campus tour to the final fee payment and release the final offer letter for admission
- The student will then join the college and follow regular classes, exams, and other stuff.
- Now, when the student reaches the final year or the placement year, Sunstone will guide the student with job openings, the interview process, and all the interview guidance to ace an interview.
In case the student gets placed through Sunstone, no amount is refunded to them. However, in case a student does not get placed even through continuous guidance by Sunstone, then the company shall refund 100% amount which includes the below key components:
- Sunstone Counselling Fee
- College (Entire Fees)
- Hostel Fees (If any)
- Any other fee paid through or to Sunstone
Pay After Placement Online Courses in India
Below mentioned are a few courses that are associated with the Pay After Placement Program.
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Frequently Asked Questions
What is Pay After Placement?
Pay After Placement is a program designed to help learners grow in a risk-free environment and prepare them for the job market. In layman's terms, the student or learner will pay the fees of a particular course at a specific institute only after they get placed utilizing that knowledge.
What are the disadvantages of Pay After Placement?
The major problem with the Pay After Placement Program is that it may incur high costs in the long run to the learner. Those who land a high-paying job shortly after completing a course, might have to pay high charges as EMI to pay for the complete program.
Is it good to Pay After Placement?
The Pay After Placement is typically designed to benefit individuals. Since no payment is made until the placement is done, the student is learning in a risk-free environment with a sense of security.
Should I sit for Campus Placements?
Usually it is always preferable and advisable to sit for the campus placements. These can be a turning point in one's life and can lead to bigger opportunities in the future. It also gives the student the confidence to do something on their own in life. However, this is a personal choice and if you feel that you can find a better career option option outside the campus placement season, then definitely go with that instinct.
Is Pay After Placement Illegal in India?
No. Pay After Placement is a mutual consent and an agreement between two parties to learn something new. Learners and students should always take advantage of such income-sharing-programs, and it is definitely not illegal. However, candidates are always advised to do a thorough research of the company they are associated with for PAP. As the name suggests, you only have to pay after you are placed barring the institute's admission fees.
Which is the best course for Placement?
Some of the leading and in-demand courses by companies include Data Science, Human Resources, Digital Marketing, Machine Learning, Business Analytics, UI/UX Design, and a few more.