India generates more than 15 lakh engineering graduates every year. With such a large number and fierce competition, getting a job in the market gets really difficult for the students. However, many sectors and companies have emerged lately in the market who are creating new opportunities for these graduates and are expected to continue so for the coming few years.
The craze for engineering in the country has surged up abruptly in the past decade. Almost 3 million students in India enroll for courses like B.Tech. Indian engineers are expected to make 20% of the total engineers in the world by 2020. Creating job opportunities for such a humongous set of people becomes a challenging problem.
Fortunately, the advancing technologies and the favorable environment in the country for digital advances are helping create some job opportunities. While students can always opt for traditional jobs in government agencies like DRDO, ISRO and many other PSUs like BHEL, ONGC, GAIL, etc, there are new emerging sectors available.
The engineering jobs are expected to grow by 7% from 2016 to 2026. Some of the sectors which look promising in the future for B.Tech graduates include:
Planning and Architecture
Manufacturing sector constitutes 18.32% of India’s GDP and is expected to reach the 25% mark by 2022. In the current scenario, it seems to be one of the most promising fields to get a job for B.Tech graduates.
Manufacturing offers jobs in multiple sectors like:
The best part is that manufacturing is now not limiting itself to just manual processes but is actively adopting high-tech tools. The manufacturing sector has overridden its previous images of factory dins and smoking chimneys. These new high-tech tools now mark the present-day manufacturing units.
The major recruiters in this sector are:
B.Tech graduates get an initial salary ranging between INR 2.5-5 Lakhs.
The electronics industry is another one which has a good scope in future. The nexus between industries and digital technology is continuously growing strong. With emerging technologies, the IT sector is also continuously emerging. This has compelled the demand for brand new next-generation solutions every day. This demand has led to a major escalation in job opportunities.
Electronics is the core of the digital world. An inevitable field, electronics is required by almost all industries and is expected to drive the next-stage IT revolution. The biggest example is the dominance of the Internet of Things (IoT). Self-driving cars, autonomous drones, and smart energy systems are some of the devices which are going to be a part of an average person’s life in the future.
The industry is also extending its scope to accumulate more workforce. Electronics is expanding itself and is playing a role in other industries also like Power Electronics and Petroleum and Chemical Industry.
Electronics also has a lot of job scope in abroad. Many of the relevant companies are operating in the Gulf countries, China, Japan, Russia, Germany, USA, and South Korea.
B.Tech graduates get an average starting salary of around INR 3-6 Lakhs.
The biggest trend shift in the past years is that students are getting opportunities to become job creators rather than being job seekers. With new innovative ideas emerging continuously, start-ups are really promising and give you an opportunity to plan your business architecture on your own.
The only thing to be concerned about is the declining standard of engineering in the country. Reports from Aspiring Minds and statements by people like CP Gurnani, CEO of Tech Mahindra have stated that around 95% of engineers are not fit for a job. This calls for more than just regular classes. A huge gap occurs between the available and the required skills, so grab the opportunity as soon as you can.