Only 7 Per Cent Colleges Achieve Full Placement, Students Not Hopeful Getting Preferred Jobs: Survey
Just 7 per cent of Indian institutions were able to attain full placement rates. In engineering, most men and women received the same average offer, but there was a stark difference among Arts and Science students.
In what could be bad news for young graduates looking to kickstart their careers, a study has found that just 7 per cent of Indian institutions were able to attain full placement rates.
According to the annual Unstop Talent Report 2024, in engineering, most men and women received the same average offer, but there was a stark difference among Arts and Science students.
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How much new recruits are getting paid in 2024
While most of the men received an offer of Rs 6-10 LPA, for women, it was Rs 2-5 LPA. In B-School, 55 per cent of men received an offer of over Rs 16 LPA, but only 45% of women received an offer above INR 16 LPA.
The report found that while 91 per cent of students believe their college curricula offer an adequate level of preparedness for a job, 66 per cent of recruiters and 42 per cent of universities feel the skill gap and lack of preparation.
Less students want to work with startups
Another interesting find of the survey is how fewer students are interested in working for startups.
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According to the study, there is a 10 per cent drop from the previous year in students expressing their desire to work for startups.
Top preferred jobs
45 per cent of B-school students prefer working with established and legacy firms while 52 per cent of engineering students expressed openness to working with any company. Marketing was the top preferred domain for B-school students, while Finance and Analytics topped the list for Arts and Science students.
Job security over pay hikes
The looming fear of layoffs has prompted three out of five (60%) students to prioritise job security over pay hikes, a stark shift in mindset. For most of them, in-hand salary remained the most valuable salary component, followed by perks and benefits.
BCCL
A high majority (81 per cent) of HR professionals agreed that their organisations are actively hiring, highlighting the robust demand for talent across industries. Interestingly, 88 per cent of HR practitioners expressed a strong preference for skill-based hiring, prioritizing candidates' abilities over other factors such as past experience, academics, references, internships, and projects.
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