Jobs Drought: 'Engineering' Not A Safe Bet Anymore
It is high time that engineers reskill themselves to meet the industry demand and also start looking towards other booming sectors
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Another engineering batch has passed out and large number of students are wandering around looking for jobs backed up with humongous pressure for their career to take off. Sadly, the companies are not turning up for placements like before, which made engineering a dream job in the past.
Even if there are mass recruiters, the students passed out have to take a pay cut to at least find a job. Earlier, what an average salary of Rs 30,000- 35,000 was considered normal, is now considered above par. Because sadly there are no jobs.
For around last decade, engineering ruled over every other career such that every parent desired their kid to take up engineering which also happened to be its golden period. But, such has been the privatisation of the sector that there are more than 15 lakh engineering seats in the country today; and now half of which have been left vacant for two consecutive years.
While Computer Science and IT have become mainstream engineering branch with some takers; the real trauma for lies mechanical engineering, which has seen layoffs over the past year, chemical, and civil engineering where there are hardly any companies offering jobs. Even the IIT’s (Indian Institute of Technology) have found it difficult to offer placements up to mark in these streams.
Subsequently, the engineers are forced to settle elsewhere; deflecting from the whole idea they had four years back while taking admission. There has been no or very little focus on research, while engineers move further towards government jobs, banking jobs or management, and the four years they spent studying engineering are completely useless for their career.
Anurag Chaudhary, a student who just completed his graduation from MIET says, "The placements companies are diminishing each year and if there are any, are offering a merge Rs 10,000- 15,000 salary. And some students are forced to take up such low paid jobs because of an outstanding loan amount on their head. With such low- paid jobs, the loan amount in a few lakhs would take a few years to be written off."
A shift in technology demands every professional to upskill themselves and keep up to date with the industry demands. A Mckinsey and company report states that a major workforce in IT companies will be pointless in another 3-4 years until they upgrade themselves to be worthy of their jobs.
Employability, not employment is the worrisome fact. Once a lucrative sector, now it has become so overcrowded that there exists a gap in demand and supply. A report by Aspiring Minds stated that less than 20 per cent of engineers are employable. When given two problems to solve, barely 14 per cent candidates are able to write codes for both and only 22 per cent are able to solve one of the two problems.
The sector has slowed down coupled with global issues and visa limitations across the globe, the future of ‘engineering’ looks bleak. Without results to show, it is now just relying on its past glory. So, those of you still vying for engineering, you must reconsider your decision or focus on upgrading yourself with the skills to focus on the employability part.