With 43% of votes, Information Technology still remains the preferred career choice for Indian engineering graduates of the class of 2010, as per a survey by Nielsen.
IT is followed by automobile, telecom, energy – oil & gas, infrastructure/real-estate and power sectors.
Some additional interesting tidbits from the survey:
- Ratan Tata is the most popular role model for the 2010 graduating class
- Students perceive nanotechnology (12%), IT services (11%), Power (9%), oil & gas (8%), telecom (6%) as the top 5 ‘industries of the future’
- IIT students consider energy/oil & gas, nanotechnology and finance as the top ‘industries of the future’
- half of the 2010 graduating class intend to move out of their first job in the first 3 years
- 51% cite higher studies as reason for leaving their first job
- 69% of the 51% intending to leave their first job for higher studies intend to do an MBA
- Students are willing to continue with their employer if they employer pays well (39%), they have a good job satisfaction (34%), if they have a good work environment (32%)
You might wonder why this survey even deserves a post.
In my opinion, this survey is important because it gives a very good background on what factors graduates weigh in while looking for a job, while leaving a job etc. Not to mention that entrepreneurship doesnt even figure as a career option anywhere in the survey. The fresh graduating class is where we actually need to sow the seeds for entrepreneurship – that is the best time when they can afford to take risks as entrepreneurs. When such a high percentage of students sees an IT + MBA as the holy grail, there needs to be a means to show the benefits that they might get from being a hands on entrepreneur instead of attending a b-school. Last, but not the least, this data will also be helpful to startups to attract and retain talent.