RAMAN
MBA-Marketing & IB
from one of the Top B-School of Pune
DESIRED PROFILE- Brand and Promotional Marketing
PROFILE BEING OFFERED- Business Development Executive or Sales executive(sales person in easy term)
VENKATESH MURTHY
B.Tech|Computer
Science|abc Engineering college[top engineering B’School]
DESIRED
PROFILE
-job in Top IT company| 6-7 lakhs per annum
CURRENTLY WORKING - Customer support
officer|IT BPO|2-3 lakhs
EKAANSH KUMAR
MBA|Marketing-Finance|abc
Business School [top private B’School] Annual fee-3.5+ lakhs
DESIRED
PROFILE
- Management level job|MNC company| 6-7 lakhs per annum
CURRENTLY WORKING-Business
Development Executive|xyz Pvt Ltd.|1-2 lakhs + incentives
DEEPALI
MBA|
Finance|abc Business School [top private B’School]|Annual fee-3+ lakhs
DESIRED
PROFILE
- Management level job|MNC company| 6-7 lakhs per annum
CURRENTLY WORKING -Relationship
Manager-getting clients| International Bank|1-2 lakhs + incentives
These
are the stories of so many other Raman and Deepali in India whose parents spend
lakhs of rupees on their studies and these student give their years to study
with the expectation to get a good job
( as comes in the media every year during
placement season) and support their parents , after all their so much of investment.
However,
their dream shatters as soon as they
step out in real corporate world.
The scenario of education and employment
today.
·
It
is not that there are not enough jobs available.
·
Neither
the story is that demand of professionals is more than the supply per year from
the institutions.
·
Nor
it is the other way that no one is getting high salary white-collar job.
“24/7 Customer Pvt. Ltd. wants to hire 3,000 people this
year.
Tata Group, expects to hire 65,000 people this year”
But About 80 per cent of people only want 20 per
cent of jobs in MNC’s, which they see as their ticket to a better life, only
white collar jobs are attracting youth whose aspirations distort reality.
“Companies
prefer the experienced candidates
and no one want to give a fresher to learn and get experience for the desired profile.”
Not
every job meets everyone’s need nor does every candidate meet the needs of
every job.
Every year about millions of students getting
graduated in engineering, accounts, management etc, but as a fresher only about
20% get the job they expected, the salary they expected.
And rest are still in search of the job profile and the salary so that they can
take care of their and their families expenses on their own, so that they can repay the loan they had taken for their
education...
Prashant | 24 | son of
farmers from a village from outside Karnataka.
He had just finished his MBA—in Finance—from
one of Bangalore's top colleges.
His father borrowed Rupees 4,00,000
for his studies.
Now, almost a year after graduating,
Prashant is still looking for an entry-level finance job.
Why
is the scenario like this even when the jobs are available in numbers and at
the same time, the number of qualified people required for the particular jobs
are so high?
The Only answer is The Education and Employment gap
The academic institutions [ supply end]
No
doubt, India has immense human resource power.
And
there are around thousands of
universities and institutions providing graduation and post graduation
education to thousands of students.
The Industrial sector [ demand end]
Even the
media is flooded with the news which industry
or sector is providing n numbers of job with the unexpected high
salaries.
Top MNCs hiring candidates for top level management or operational level at
high packages.
However,
this is not the 100% scenario, they are showing the small as the big picture.
This is
true that the job opportunity has increased in numbers in last few decades due
to Foreign companies entering Indian market, booming of service sector and IT
sectors.
But,Not all graduates get suitably
employed.
All the jobs available are not for the freshers, but the companies want the
candidate with the experience .
In a survey, conducted annually by Pratham (a nongovernmental organization):
75%
of technical graduates and more than 85%
of general graduates are unemployable
by India's high-growth global industries, including information technology and
call centres.
We don’t have a jobs crisis, we have a skills
crisis.
There is not the case of high supply and low
demand. Here, the demand is high and the supply is also high, but the quality
is too low.
- The main reason for the entry-level jobs is the lack of skills
- According
to the employers, the students coming out from the colleges
after their engineering and management studies are not prepared to join the workforce.
In the real business or corporate world, the
theoretical knowledge gained by the students in order to get the highest marks
is not that much required as much of practical knowledge of the business.
Moreover,
the syllabus, which students are
studying, is out-dated and disconnected from the real world.
Only
few professors understand this and teach the students what is hot in the market.
Companies struggle to get their demand fulfilled by quality
talent
One
survey says that only 3 out of 100 applicants
can be considered to be hired.
The
aspirations of the students are
getting too high that they are not ready to take the low-level jobs
available for the fresher.
In this tough competitive era, few students are able to qualify the IITs and NITs, other who want to
study engineering, are getting attracted towards private engineering colleges paying so high fees. Fees in such universities and institutions are on an average 4-6 times
more than government universities and institutions.
The same
case is with the management students who are running towards private B-Schools paying much higher fees.
POSSIBLE
REASONS BEHIND THIS:
- Everyone wants to enter MNCs
because of its charm, dignity, high income and “white-collar” status.
- Every year all media is covered
with the MBA and Engineering students being placed with package of crore per
annum.
- Which
they see as their ticket to a better life." In short, only white-collar
jobs are attracting youth whose aspirations distort reality.
- Such colleges creating hype and
doing promotions in such way that a student just by taking up admission there will
get a high salary package job in top MNCs.
The main motive of any private institution is to make good
business and increase their business
every year. They are not
there to do any social service.
With the increase demands for colleges, with all the facilities and glamour, providing high profile life style, they try their best to attract the students who are not able to get the
admission through any reputed Government colleges or who want to live a lavish life during and after their studies.
They are giving the admission to the students without
creating a quality benchmark, but on
the benchmark of the money
available in the account of the students’ parent’s.
Before
taking the admissions for their dream course, they have weaved the dream of the top level “white collar” job with high
salary and that too getting by placement.
Such
colleges also help a lot to see such dream and claims that they are going to get them make their dreams in true.
It is so easy for them to promise, but
reality is not so easy.
They
focus on the numbers of seats filled,
the positive feedback in terms of the life in college. But the most important
thing is even u have taken the students in the college in the name of “giving opportunities to all”, make
them employable so that they don’t
have to suffer later.
___
Refrence:
Life is not to only see it and enjoy
Life is there beyond the horizon.
