Benefits of GATE Exam, Importance & Advantages of GATE

Benefits of GATE Exam

Individuals gearing up for the GATE 2024 should be aware of the advantages associated with the GATE Exam. These include opportunities for admission to M. Tech programs in esteemed institutions such as IITs and NITs, as well as the potential for securing jobs in Public Sector Undertakings (PSUs). The Graduate Aptitude Test in Engineering (GATE) is an annual examination conducted in rotation by prominent institutes like IISc Bangalore, IIT Bombay, IIT Delhi, IIT Kanpur, IIT Guwahati, IIT Kharagpur, IIT Madras, and IIT Roorkee.

Benefits of Qualifying GATE Exam

IISc Bangalore is about to conduct the GATE 2024 Exam for the various branches of engineering. GATE 2024 registration process will be started in August 2023 on its official website @gate.iisc.ac.in. The candidates must read the full article to know important information about the Benefits of Qualifying GATE Exam and shall bookmark the website for further Engineering Job Updates.

What are the Benefits of GATE Exam?

The aspirants who are preparing for the GATE 2024 Exam should know the certain benefits of qualifying GATE Exam. The points focusing on the benefits of qualifying GATE Exam are given below:

1. PSU’s Recruitment Through GATE Exam like HAL, IOCL, PGCIL, BARC, etc.
2. Admission into M.Tech/M.E/M.Sc & Ph.D. programs through GATE Exam.
3. Chances of Recruitment in top MNCs through the GATE Exam.
4. Great Opportunity to apply for Government organizations like DRDO, BARC, ISRO, etc. through GATE Exam.
5. Offering Teaching Jobs after GATE Exam.
6. Higher Chances to study abroad for a Master’s Degree.

Check: CPCB Recruitment 2023

Opportunities After GATE Exam

Every Year Engineering Graduates appear for the GATE Exam with the desire to get admission in the reputed IITs and NITs, PSU admission, etc. The aspirants can get the following opportunities after GATE Exam.

1. Has a great opportunity to work in research positions like JRFs, ISRO/DRDO/BARC/IITs, etc.
2. Better placement in top PSUs, MNCs & Indian as well as foreign companies both.
3. Get a Minimum stipend of 12,400/- per month is given to regular students joining colleges under MHRD
4. It also gives you a chance to pursue specializations based on your interest.
5. Also a lot of career options in various fields like Teaching, R&D, and other Core sectors, etc.

Click here for GATE 2024 Exam Kit

The aspirants can check the list of colleges participating in the COAP Counselling 2023 given below:

1. IISc Bangalore
2. IIT Bhilai
3. IIT Bhubaneswar
4. IIT BHU
5. IIT Bombay
6. IIT Delhi
7. IIT Goa
8. IIT Guwahati
9. IIT Hyderabad
10. IIT Indore
11. IIT ISM Dhanbad
12. IIT Jodhpur
13. IIT Kanpur
14. IIT Kharagpur
15. IIT Madras
16. IIT Mandi
17. IIT Palakkad
18. IIT Patna
19. IIT Roorkee
20. IIT Ropar
21. IIT Tirupati

Check: NEEPCO Recruitment 2023

PSU Through GATE Exam

In India, PSUs are categorized into mainly 3 categories given below.

Maharatna PSU

The Maharatna PSUs are chosen from those PSUs that hold the status of Navratnas and must be listed on the Indian stock exchange must fulfilling the minimum prescribed public shareholding according to the SEBI regulations. The following conditions must be satisfied in order to get Maharatna status:

• The Average annual turnover of the PSU during the last 3 years is more than Rs. 25,000 crores.
• The Average annual net worth during the last 3 years is more than Rs. 15,000 crores.
• The Average annual net profit after tax during the last 3 years is more than Rs. 5,000 crores.
• The company should have a significant global presence or international operations.
• There are a total of 12 Maharatna CPSEs in the country as per the latest survey.

Navaratna PSU

• The company must have ‘Miniratna Category – I‘ status along with a Schedule ‘A’ listing.
• At least 3 ‘Excellent’ or ‘Very Good’ Memorandum of Understanding (MoU) during the last 5 years.
• Apart from that, it should also have a composite score of 60 or above out of possible 100 marks in the 6 selected performance parameters:-
  1. Net Profit to Net Worth (Maximum: 25)
  2. Manpower cost to cost of production or services (Maximum: 15)
  3. Gross margin as capital employed (Maximum: 15)
  4. Gross profit as Turnover (Maximum: 15)
  5. Earnings per Share (Maximum: 10)
  6. Inter-Sectoral comparison based on Net profit to net worth (Maximum: 20)
  7. There are a total of 12 Navratna CPSEs in the country.

Mini Ratna PSU

• The CPSEs that have shown profits in the last continuous 3 years and have positive net worth can be considered eligible for a grant of Miniratna status.
• Presently, there are 62 Miniratna I and 12 Miniratna II in total.

Category I:- The PSUs that have made profits in the previous 3 years or have generated a profit of Rs. 30 crores or more in one of the preceding 3 years.

Category II:- The PSUs that have made profits in the preceding 3 years and have a positive net worth in all 3 preceding years.

Check: NFC Recruitment 2023

Major Companies recruited through GATE Exam Scores are mentioned below.

1. Bharat Heavy Electricals Limited (BHEL)
2. Gas Authority of India Limited (GAIL)
3. Hindustan Aeronautics Limited (HAL)
4. Indian Oil Corporation Limited (IOCL)
5. National Thermal Power Corporation (NTPC)
6. Nuclear Power Corporation of India Limited (NPCIL)
7. Oil and Natural Gas Corporation (ONGC) and Power
8. Grid Corporation of India (PGCI).

Check: RRB JE 2023

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