The Economics branch is slowly becoming one of the best branches of IIT Kharagpur. Integrated M.Sc. (5 years) in Economics opens with JEE rank 3615 and closes at 5439 as per JoSAA 2022. However, it’s not necessary to evaluate a course on the basis of its opening and closing rank because you can get your branch changed on the basis of your performance in the first year.
A student has to obtain around 8.73 CGPA in order to get their branch changed to Economics. You will have to work very hard to get a high CGPA for branch change.
Curriculum: I have entailed some topics covered over the semesters. For a detailed list, you can visit the official website.
You can easily go for Finance and Consulting jobs provided that you study well during these 5 years. The coursework of this department is always industry relevant to cope up with recent trends.
Placements
The Integrated BSc and MSc Economics Median salary stands at INR 15 LPA and the top recruiters include
Around 90% of placements are offered at IIT Kharagpur. The highest salary package offered is INR 2 CPA and the average salary package is 16 LPA.
Particulars |
Statistics |
Highest package |
INR 2 CPA |
Median package |
INR 16.10 LPA |
Top Recruiters |
Indian Oil, Tata Chemicals, Reliance Industries |
Placements are decent and better than many colleges in India.
Placements largely depend on the academic performance of the student, interview, aptitude test, and other non-academic accomplishments. Therefore placements for Ocean Engineering and Naval Architecture cannot be objectively described.
According to the recent placement reports at IIT Kharagpur, the highest package offered was 48 LPA and the median package was 15.5 LPA.
The top recruiting companies were Soft Shipyard, Vedam, and GRSE. 100% of students got internships in companies like Microsoft, Adobe, and Upskill. The top roles offered are Marine Engineer, Design Engineer, Navy Personnel, and Ship Manager.
Some companies offer internships opportunities for students belonging to the department of ONA(Ocean engineering and naval architecture)
ABG Shipyard Limited HSBC Electronic Data Processing India Pvt. Ltd. |
American Reprographics Impetus Infotech (India) Pvt. Ltd. |
BABAJOB SERVICES PVT LTD Indian Register of Shipping |
Beehyv Software Solutions Pvt. Ltd. Larsen & Toubro Limited |
Capillary Technologies Mazagon Dock Limited |
Bharati Shipyard Ltd. MAGMA FINCORP LTD |
Cybermarine Knowledge Systems Pvt. Ltd. Pipavav Defence and Offshore Engineering |
Bankbazaar Infotech Enterprise Ltd, Hyderabad |
Capital One Financial Services (India) Ministry of Defence (Navy) |
These companies additionally provide PPOs to some of the interns who performed well during their internship but honestly the PPO Percentage in the ONA department is just average.
My brother is doing his PGDBA from IIT KGP and he was rather afraid of programming and coding when he started the course. If you're stuck in the same situation, then my only advice is to enroll in the course with an open mind and a desire to learn to program if you don't already know-how.
Coding Experience: There is always a first time of everything. Now there are numerous MOOCs available online that can assist you in taking the initial step. The discipline of analytics (technical side) necessitates solid coding abilities, and therefore if you want to pursue a career in analytics, you should start learning the necessary skills now.
Work Experience: It is not necessary to have prior work experience to enroll in the course. However, relevant analytical experience aids in extracting greater value from the course.
According to your assessment of your interests, you have a preference for fields involving mathematics and statistics. Analytical science is an excellent fit in that regard. I would recommend that you go into MOOCs like Coursera, audacity, and your willingness to learn more about this field. You will obtain a better understanding of the field and would be able to decide if this is a good fit for you or not.
The semester-wise hostel and tuition fees for 1 year at CSE at IIT Bombay, IIT Kharagpur, and IIT Kanpur have been tabulated below
Institute |
Tuition Fee |
Hostel Fee |
Total Fee |
IIT Bombay |
INR 1,19,750 |
INR 13000 |
INR 9,50,000 |
IIT Delhi |
INR 1,12,142 |
INR 12,175 |
INR 1,84,536 |
IIT Kharagpur |
INR 1,48,700 |
INR 25,100 |
INR 10,00,000 |
Without any second thoughts, choose IIT Roorkee CSE B. Tech over IIT KGP CSE dual degree because dual degrees are usually less preferred by companies coming for placements.
It’s better to do MTech after BTech than to opt for a dual degree. The main reason is that in Masters you are open to changing your branch in case your interest goes to another field. But a dual degree means you will be studying the same field with no option of changing in between.
Another major disadvantage of a dual degree is that you are not eligible to change your branch to a 4-year program irrespective of your CGPA
You will see your batchmates leaving a year before you and getting offers and settling well before you.
IIT KGP no doubt is older and better than IIT Roorkee in every aspect. But as far as the program is concerned, a dual degree is not worth spending so many years at all.
My brother prepared for the Written Examination only in a week and scored close to 110 out of 150.
Since my brother had a background in Semi-automated Trading, the interviewers were convinced about his love of Finance and Maths. He got waitlisted in 5 of the General Category lists and declined admission after the results.
If you are good at JEE Maths and have contributed to the field, it is important to show your passion to the interviewers.
Generally speaking, the best branches at IIT Kharagpur are considered to be CSE and ME. The choice of a branch depends on many factors and is mostly a matter of personal preference rather than the demand of the branch. Irrespective of the branch you join, IIT provides the following to any IIT student
All these things that groom are given to an IITian irrespective of his branch and makes him worthy either of employment to any industry or a good candidate for higher studies in top foreign universities. This is mainly because of the IIT tag.
There are many instances where students from Agricultural & Food Engineering (the least demanded branch) were able to get admission to Robotics’ at the Robotics Institute at Carnegie Mellon University (CMU), or the MS program of the University of Rochester, New York to study Computational Linguistics.
Ultimately it’s not your branch that determines your worth but
These are much more important and come before your branch preference.
Given your profile, you can definitely secure a good internship at IIT Kharagpur. However, getting an internship requires a lot of research and effort.
Lastly, if you fail to get selected in the choice of your program or are rejected because of low CGPA, don’t let that dishearten you because you have an entire year to focus on academics and projects and still can work on your placements.
A simple answer to this question would be IIT Hyderabad if you are looking for better academics and job prospects and IIT Kharagpur if you are on the lookout for a good social life.
Honestly, the course of math and computing at IIT KGP lacks the necessary requirements to impart true knowledge related to math and computing. The only reason why people still go for this course is the high placement packages offered at the end of five years. If you are adamant about joining IIT KGP, then I suggest you opt for a brand change and go for something that is more industry-relevant and worthy today.
The ultimate question is if you want to choose a college with good academics or good activities. Once you Are sure about the answer, Taking this decision will become much easier.