sir doing mining engineering in iit bhu worth. when I see in google avg package was 7 lakh per annum . it means every student get 7 lakh per annum. what avg package means plz tell honestly .
Dear student,
Average package means that most of the students get that amount of package. Average student is found out by summing up the package of all the students of that particular year and then dividing it by the total number of students. So if the average package of mining engineering of iit bhu is 7 lakhs per annum that means that most of the students get this amount of package.
There are students in Mining Engineering BHU, bagging 20+LPA Packages in SDE, Finane, Analytics Sector Roles, students bagging 10+ LPA Packages with Core Companies like Tata Steel, Coal India and Vedanta as well as many with packages between 5-10 LPA in various roles, some go for MBA to IIMs while some even remain unplaced. Overall the average package is 7 LPA doesnt mean everyone's remuneration is around this target. In most of the Top IITs like Bombay, Delhi, KGP hence, a new term Median Package is used, which more correctly predicts the nearest remuneration, and is different from the statistical Average.
IIT BHU being one of the better IITs after the Top 5, you will land yourself in a sea of opportunities, irrespective of your branch. You effective need to develop on your interests, master related technologies and get set for securing a good placement.
Mining Engineering is perhaps one of the only branches in IIT BHU having a very relaxed and student friendly curriculum and effectively gives you an opportunity to work on your interests.