Engineers More Employable Than MBAs in India; 47% Of Indians Can Get A Job, Andhra Is #1
India Skills Report - 2018 is out, and things are positive for job seekers in India.
India Skills Report – 2018 is finally out. Backed by heavyweights such as Wheebox, PeopleStrong, Pearson, Association of Indian Universities (AIU), United Nations Development Programme (UNDP) and All India Council for Technical Education (AICTE), this report showcases the potential and opportunities in the Indian job market.
And compares the current skill-set with it.
Some very interesting observations have been derived from this report: Engineers have ultimately beaten MBAs in India!
This report has been prepared after surveying 5 lakh students across 29 Indian states and 7 Union territories. 120+ employers were also surveyed.
India Skills 2018: Engineers More Employable Than MBAs
As per the findings of the report, engineers in India have improved their educational standard, and for the first time ever, they have beaten MBAs in employability.
This means that an engineer in India is more likely to get a job, compared to an MBA.
57% of all engineers in their 1st year of college were found to be employable, which is 5% more than last year. Whereas MBAs employability has dropped by 3%.
The report said, “It seems that with exponential increase in the number of MBA colleges, the quality of talent is seen to be declining,”
Employability of bachelor of pharmacy (BPharma) graduates have also dropped.
Note here, that employability of students from IIT, IIM, NIT and other premier institutions have not been counted.
Almost Half Of Entire India Is Employable
As per the report, 47% of all Indians surveyed are employable right now. This is 3-4% more compared to last year. This means that almost half of the Indian population can get a job right now, with their existing skill sets.
At the same time, employability too rose by 13% in the last one year. Even data from the Employees Provident Fund Organisation (EPFO) supports this claim, as 8 million new jobs were created between September 2017 to September 2018.
Where Are Most Of Employable Population?
As per the India Skills report, most of the employable population in India reside in Andhra Pradesh, followed by Delhi, Gujarat and Karnataka, Kerala.
Punjab, Tamil Nadu and Uttar Pradesh were ranked in the bottom of the top 10 list.
In cities, Bengaluru was the #1 city in employability, followed by Chennai, Indore and Lucknow. New Delhi is ranked #8, whereas Pune is at #9.
Almost 70% of the respondents believe Automation will impact their jobs.
You can find the entire report right here.