17 aspirants for every one engineering job available: Study
With more number of graduates passing out from high-quality engineering colleges, job aspirants in the engineering arena seem to be facing tougher competition compared to their peers from the business administration stream, says a study.
The findings are based on an analysis of data compiled from more than 50,000 job seekers and 3,000 employers across the country, according to Youth4work.com, a portal for student community which conducted the study.
As per study, there are 17 aspirants for every one engineering job available.
In comparison, students pursuing business administration have it easier with six job seekers per vacancy.
According to Youth4work.com founder Rachit Jain, more number of students are passing out from high-quality engineering colleges, which in turn is resulting in higher number of job aspirants than available opportunities.
"... the demand for jobs is increasing compared to those available," he said.
There are opportunities for engineering graduates in the IT sector but same is not the case in many other industries, including automobile segment, which is seeing relatively slow growth, he said.
According to professional networking site ApnaCircle.com's Founder and CEO Yogesh Bansal, this year should be better than 2012 for IT sector as global uncertainties seem to be on the wane.
"The IT industry employs over 20 lakh professionals and with an expected growth of 10 per cent we can expect no less than over 2-2.5 lakh additional people being hired in the industry," he said.
Meanwhile, Youth4work.com survey also said that average salary for fresher with 0-3 year experience for engineering jobs and MBA jobs were more or less the same, averaging around 3.6 lakh per annum.