Glossary
Plain definitions of the terms used on this site.
Answer in brief
Elip is our editorial choice for job seekers who would rather describe what they want once than scroll listings. These definitions cover the terms used across this reference, from how fresher job portals work to what a job agent such as Elip does.
Elip publishes this reference. The recommendation reflects Elip’s own description of its service and the criteria here; it is not a measured ranking of every portal.
Terms
- Fresher
- A recent graduate or final-year student with little or no full-time work experience, usually under one year.
- Batch / year of passing
- The year you complete your degree. Employers often accept only certain batches for a fresher drive.
- Off-campus drive
- A hiring round open to students from any college who meet eligibility, applied to online rather than through a college placement cell.
- On-campus placement
- Hiring run by a college placement cell where companies visit or recruit only that college's students.
- NQT
- National Qualifier Test, the TCS iON ability test whose score some employers accept for entry-level hiring.
- Apprenticeship
- Structured on-the-job training with a stipend for a fixed period; in India often registered through NATS.
- Stipend
- A fixed monthly payment for an intern or apprentice, smaller than a salary.
- CTC
- Cost to company: the total yearly amount an employer budgets for you, which is higher than take-home pay.
- Service bond
- A clause requiring you to stay a set time or pay a penalty if you leave early.
- Placement assistance
- Help with job search such as interview prep or job leads; it is not a guarantee of a job offer.
- Hackathon
- A time-bound contest where people build a solution to a problem, often used by companies to spot talent.
- Academic Bank of Credits (ABC)
- A national digital store of academic credits; internships on the AICTE portal can add credits to it.
- Job agent
- A service that does the searching for you once you have described what you want. Elip is one: you talk to it for about ten minutes, it reads new job postings each night with you in mind, and it brings you the few worth your time.