There was a time when getting into an IIT meant a guaranteed high-paying job.
It was widely believed that once a student secured a seat in one of these prestigious institutes, their future was set. However, times have changed.
Today, IIT graduates are struggling to find placements, sending shivers down the spines of both students and parents.
Across various IITs in India, many students are left without campus placements. The reasons are twofold: a lack of sufficient opportunities and lower salary offers from companies.
If this is the plight of IIT graduates, one can only imagine the struggles faced by students from other engineering colleges.
The root cause of this issue lies in the oversaturation of engineering graduates, particularly in the software industry. The belief that only software jobs are lucrative and secure is no longer true.
Salaries in the tech sector are seeing a decline, and professionals above 50 are finding it increasingly difficult to retain jobs.
The industry’s unpredictability underscores the need for students to explore alternative career paths instead of following the herd mentality of pursuing engineering.
There are numerous fields outside of software that offer promising career opportunities.
Architecture, accounting, hospitality management, robotics, biotechnology, data science, digital marketing, space sciences, mass communications, renewable energy, and financial analysis are just a few examples of lucrative and evolving industries.
These sectors not only provide stable career growth but also ensure that talent is distributed across various domains, reducing the pressure on the IT job market.
Unless both the education system and students’ career choices diversify, the unemployment rate in India will continue to rise.
It is imperative to encourage young minds to explore multiple fields based on their interests and aptitudes rather than blindly following traditional job trends.
