Having an idea about pay packages can help students decide on the kind of money they would get to live on if they pick up certain jobs. It can also help them decide if they can afford to relocate to another city, and plan how to live away from parents on such salaries.
Industry: With approximately 1.5 million engineering graduates actively seeking IT/tech roles, muted market sentiments and intensified skills evaluation mechanisms will mean only 10% of the fresher pool will find coveted IT jobs.
The hiring landscape for engineering graduates is expected to fall short of pre-pandemic levels, with an estimated 1.6 lakh freshers finding employment, compared to the 2.3 lakh recruited in FY23. This decline is attributed to a shift in employer preferences towards mid-level employees with seven to 12 years of experience. The rationale behind this trend is companies inclination to bypass the training period required for freshers, which typically spans six months.
With approximately 1.5 million engineering graduates actively seeking IT/tech roles, muted market sentiments and intensified skills evaluation mechanisms will mean only 10% of the fresher pool will find coveted IT jobs.
Freshers are more in demand for certain jobs than experienced personnel. Business analysts, chartered accounts, cybersecurity analysts and digital marketing specialists are roles that people just out of college are aspiring towards.