Class of ’08 looks ahead, confidently
India’s young workforce is exuding optimism and ambition, and Indian students are more confident about their careers than their peers worldwide, shows a global survey by consulting firm Accenture.
Every second Indian university senior (51%) has got a job even before graduating, and 87% expect to find one within three months of passing out. The corresponding numbers for all countries together are lower — 41% and 75% — shows the survey, carried out among 2,464 students graduating from universities in 18 countries this year.
Pride — and confidence — about India is growing. About 83% of Indian students — and a not-insignificant 17% of students worldwide — perceive India as the country with the most career opportunities in the world. “The last 5-10 years of growth has made Indian graduates optimistic about their job prospects in the country,” said Deepak Malkani of Accenture India.
Some 55-60 per cent of India’s population is under 25, holding out a bouquet of skills that is being tapped into by both domestic and multinational enterprise.
Salary emerges as the biggest motivator for respondents everywhere. Eighty-two per cent Indian respondents and 89% overall listed salary at the top of important ‘job factors’. Three out of four Indian college seniors expect to make between Rs 200,000 and Rs 400,000 in their first job.
“If I get through to an A-level strategic consultancy group through campus placements, I can expect my first salary to be around Rs 6.5 lakh to Rs 8 lakh per annum,” said Shomitro Chatterjee, Eco (Hons) student at St Stephen’s.
Loyalty to their jobs isn’t, however, an Indian trait. Only 41% say they will stay at their first job for at least three years.
The survey was done in India, US, UK, Australia, Germany, Singapore, Mexico, China, Brazil, Russia and Thailand among other countries.
(With Pratibha Soni & Smriti Sinha)