People often pursue Bachelor of Engineering (B.E) or Bachelor of Technology (B. Tech) but most of them don’t even know what to do after they pass out. Today we are going to analyze different opportunities and career options after Engineering. I am pretty sure after reading this article you may have a clear idea about what to do next.
Now there are many Engineering Streams out there. Some of the most popular are:-
- Computer Engineering
- Electronics Engineering
- Mechanical Engineering
- Civil Engineering
No matter what Engineering Stream you opt-in for, the question of What to do after Engineering remains the same! That is why I am listing out some options for you guys to take a final decision for your future life. I know just one piece of the article can’t decide your career shift but it can surely change your mindset for it.
Here are some of the options that I am listing out for you! Check it one by one.
1) Placement Jobs.
This is where most of the Engineering graduates opt for. Placement jobs have medium to high job security and salary ranging from 20k to 25k monthly average for a fresher.
Mostly Top MNC’s like TCS, Wipro, Accenture, LTI come to Engineering Colleges and mass recruits engineers generally ranging from 100 to 150. These companies are called as Mass Recruiters. The term Mass Recruiters is so famous, that even a youtube video of AIB went viral across social media within days.
Let us analyze what happens here and how the process is like. Many people without even knowing works hard for these companies, and later on gets frustrated with the job.
So I am going to clarify what exactly happens here so that before taking this decision you will have a clear idea about these jobs.
Firstly, these companies are going to recruit not only Computer Engineers but also Electrical, Electronics, Telecommunication and Mechanical Engineers too. So one question arises in your mind that, what type of work I will be doing there when these companies even recruit Mechanical people those who don’t have enough technical knowledge about it.
Secondly, our Indian Education System doesn’t provide up to date industrial knowledge nor does they teach you about the trending technologies such as IOT and Blockchain. Well, there are exceptions but in general, most of the colleges don’t teach these stuff. Engineering Education system must be revamped to the core and must be brought with the level of advanced toolings and technologies.
Have a look at this article from Economic Times.
Here’s a more detailed image. Click on the image to know more.
We will now have a look at the placement process and the work- environment of these MNC’s.
How is the placement process for Engineering graduates in Big MNC’s?
For better understanding, I am assuming 100 and 500 Engineers respectively. Numbers may vary.
- Let’s assume they are going to recruit 100 engineers from XYZ college. There are 500 engineers from Computer, Electrical, EXTC, and Mechanical Stream.
- They don’t want to take 500 people for an interview. This will take more time. So they take Aptitude Tests. Aptitude tests consist of Verbal Reasoning, Numerical Aptitude, Logical Reasoning, and English.
- From those 500 engineers, 200 passes the aptitude tests. Now again to reduce this to 100, they take Group Discussion (GD) rounds. P.S.- Some companies don’t take GD, While some do.
- From 200, 150 people make it to the next rounds of Interviews.
- From these 150 people, 120 make it to Technical Interviews and at the last 100 people make it to HR rounds and get selected.
What happens after you pass Engineering Exams?
Whatever I am going to say next is solely based on personal experiences from my friends and myself. So this is based on pure facts.
You are selected. Congratulations. But wait! The real story is about to begin. Get ready to face some real facts about the Indian IT industry.
Engineers pass out in the month of May. Let’s assume it is May 2018. The interview happened in the month of February and they said we will let you know once you pass out. Once the final exams get over, you wait for the offer letter.
You wait, wait and wait. Then the frustration begins to start. Call your Training and Placement Officer (TPO) of your college regarding the offer letter and guess what? He tells to wait too.
Flash forward to the month of September. You get the offer letter in the month of August and the joining date is the Last week of September. You being more excited than ever to join the company. But here’s the twist now. Training and Job location both is in Banglore ( The Silicon Valley of India).
Let’s talk about salary and how will you divide it when you reach Banglore.
You get 24k In hand, Out of which,
7k goes for the rent,
2k goes in traveling,
6k goes for food expenses,
3k goes for Entertainment purposes.
What remains with you is 6k. This is what happens in the initial stages of your career. Moreover, The cost of living in India has increased but the salary of an Engineer is the same for the last 10 years or so.
Difference between Service-based and Product based companies.
Let us try to understand the difference between Service-based companies and Product based companies.
Service-Based companies such as TCS, Wipro, Infosys, Accenture, LTI gives services to clients mostly in the US and UK. They provide support, processes knowledge and Business. They do have Development, Marketing, Analytics but on a low scale.
MNC’s such as TCS, Wipro, and Infosys mostly have support jobs for freshers. Development work will not be given unless you are fortunate enough or you are experienced.
Product-based Companies makes product or services and sell them across the globe. Some of the giants include Google, Amazon, Apple, and Samsung. Such companies will only recruit engineers from IITs and NITs.
So we are now clear what does service-based companies do. Let’s talk about the reality of these jobs especially for freshers.
What is the actual job I will be doing here?
- You will undergo rigorous training of nearly 6 to 8 months on different technologies ranging from Java, C++, Dot Net, Visual Basic, Mainframe, Networking, etc.
- After nearly 6 months, you will be put into a project wherein they will have the specialized technology you worked in like DotNet. Even if you don’t like DotNet, you will be put into that team.
- Mechanical Engineer may get Development Project and Computer Engineer may get Support Work. Yes, this happens a lot.
- If there is no Project available, you will be put on a bench. ( It means you just have to come, sit on your desk and go home after 9 hrs). Sometimes bench period may also extend up to 1 year. Yes, you heard it right. This period is the most frustrating period you will ever experience.
- Finally, if u get the project, some unfortunate people just have to support the team and sit on MS-Excel for 9 hrs full. Now you will start to think about what I did Engineering for and What I am doing now.
At the end of nearly 1 to 2 years, you will get frustrated with your job and think about what to do in your life. Some people may get their dream job. But you will never be going to achieve the work-life balance in such jobs. Above all, Did I mention that you will have to extend your working hours from 9 to 11 hrs sometimes! So there’s hardly any time to spend with your family and friends besides being frustrated with your job.
But Don’t you worry. We are going to explore more options down this list. So Scroll Down until you get your answer.
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2) Starting Your Own Business/Startup.
This career option by far is the best of all but the most difficult as well. It requires dedication and hard work combined with passion and hunger. Businesses and Startups have high risk but have high returns too. But the question is how to start a business or a startup in India.
Top things to do before starting a business or a startup
- Have a clear idea in your mind about the business or the startup.
- Make like-minded friends that are willing to work with you.
- Research your Competitors and analyze where they lack.
- Analyze if your idea is worth the investment for investors.
- Have a knowledgeable mentor of your field.
- Research how much time will it take to take off.
- Read success and failure stories of big leaders.
- Know how to get investment for your idea.
- Learn about Incubators. Learn about Funding.
- Research on business and revenue models.
- Talk with Entrepreneurs either on social media or physically.
- Have one friend who has knowledge of Banking and Investment.
- Learn about Mudra Yojana in Detail.
- Make your LinkedIn profile as professional as you can.
- Spend more time on Quora and research about your ideas.
- Include yourself in Facebook Groups of Budding Entrepreneurs.
- Participate in Entrepreneurs conferences or summits.
- Have a rough idea of the revenue model of your idea.
- Prepare the above points when you are in the third or final year of Engineering.
What are some of the best business ideas in India?
1) Tea Shop
People will often laugh at this idea of setting up a Tea shop because they think it is of a low standard. There is no parameter to judge any business. As far as the business is profitable, it is a successful venture.
This is one of the business ideas with low investment. What you need is a small piece of land (or a rented one) on a busy road location, some infrastructure for the shop, NOC license from the municipal corporation and you are done. Start selling tea for less than Rs10, give some creative name for your shop and you will start earning from Day 1.
But you will think that so why do every tea-seller is not rich. The reason is that it is low-scaled and has the minimum infrastructure to appeal the commons.
So the mantra is to create a Tea outlet chain across multiple regions that mean we are scaling up. That is how you can earn more than the average tea seller in the market.
You must have heard the story of an Engineer from Pune earning Rs15 Lakh per month. Yes, You heard that right. Here is the story.
Though the investment cost is medium to high, returns are also high. Consult business mentors for setting up your cafe easily. Get into some Facebook Groups and be active there. Some of the names of FB Groups are Business Startups India, Indian Startups and Investors, Humans of Digital Marketing, Startups in India. Make new connections.
You just need to spot one good location where you think people might come over. Purchase the land or take rent ( recommended). Have some creative name for your cafe. Do something different in your cafe that no one does and people will start pouring in. In the Initial years, the profit will be low and it will take time to recover the capital expenses. Once recovered, the profits margin will be huge.
P.S. – There will be another article regarding the businesses and startups which will be in detail. Stay Tuned.
3) MS in US/UK
This is one of the career option people opt-in. Cost for Masters in the US goes up to 40 lakhs to 50 lakhs for 2 years. Masters course is of 2 years generally. You need to give GRE ( Graduate Record Examination) and TOEFL ( Test of English as a Foreign Language). These Exams are not that tough.
GRE Includes sections such as Analytical Writing, Verbal Reasoning, and Quantitative Reasoning, whereas TOEFL includes sections such as Reading, Listening, Speaking and Writing. GRE scores are valid for 5 years and TOEFL scores vary from country to country.
Cost of Living
If your GRE score is more than 320, you have a chance to get in the top 50 Universities in the USA. Even if you score less than 320 or 310, you can still have a shot at the Top 100 US universities, provided you choose your universities strategically and all the remaining components such as your GPA, CV, Letter of Recommendation, Internships and work experience of your application are strong enough.
Cost of Living in US or UK is very high. You need to take a part-time job to fulfil your needs. You can get a job of a waiter, gardener or a librarian easily. One of my friends got a job as a waiter in Chicago and he gets 8$ per hour. He only works for 3 hours and you need to work at least 20 hours weekly. Payment will be on a bi-weekly basis. He also gets a one-time free lunch. You need to strategically work out such things before going in for masters.
You also need to consider the current condition. As the current president of USA( Donald Trump) is giving importance to locals, it is going to be a difficult journey to get a proper technical job in the USA.
Basically, Freelancing is nothing but providing services to others but not liable to any company or any firm. Freelancing means he or she is self-employed. Freelancing is such a profession where there is no limit as to how much you can earn.
It depends on the type of work and the projects you undertake. More the number of projects you undertake, the more you will earn from it.
Even more, in Freelancing, you are your own boss. No one will backbite as in the corporate world. You can relax whenever you want and take breaks as you like.
Many reports suggest that people are now shifting towards freelancing from their conventional 9-5 job.
How Beginners can start with freelancing?
- Learn a skill you want to master in.
- Start learning from Udemy for free.
- Upgrade your Portfolio/Resume.
- Use a website such as Canva for designing a much better resume.
- If you want to freelance in blogging, then create your own blog first.
- Write creative articles and include your website URL in your resume.
- Get involved in Facebook groups of Freelancing.
Some of the freelancing websites one can start are given below.
Finally, the question that we all want to hear……
How much can we earn through freelancing?
As I said earlier, there is no limit to earning in Freelancing. You can earn as low as Rs100 to as high as Rs10,000 per project. Again this is an assumption based on the above websites. It may vary according to skills, person to person and the websites that I mentioned above.
Here is the January 2018 Report from Paypal published in Money control. As Paypal is the major interface between the freelancers and the freelancing websites, they can track and analyze how much an average freelancer earns.
Engineers can also opt for a job in Banking Sector. For that, there are various government exams such as
- IBPS Bank Clerk Exam
- IBPS PO (Probationary Officer) Exam
- SBI PO Exam
- RBI Exam
- IBPS Gramin Bank Exam
- IBPS Specialist Officer Exam
Where IBPS stands for Institute of Banking Personnel Selection
IBPS PO conducts the exam on behalf of 20 Public Sector Banks. It has Online Written Exam which includes Aptitude i.e. Quantitative Aptitude, Logical Reasoning, Mathematical Problems and later on Interview. For more Information on IBPS Exams, one can go to this link.
One must also know that these exams come under Government that means there will be a Reservation System that will define the cut-off for that particular exams.
IBPS PO is one of the most sought-after designations in Banks. Probationary Officer is under the Branch Manager of the Bank. Initially, the PO will be trained where the Branch Manager will also help you out with the type of work you need to do.
Basically, the PO must know each and every functioning of the branch he is assigned to.
It’s a kind of a tedious job for an Engineer to do, but once you start loving what you do you will like it.
Besides, you will also be entitled to government allowances such as Petrol Allowance (50 Lts for 2 wheelers and 55 Lts for 4 wheelers or around Rs.1200 if you don’t have any vehicle), Diesel Allowance, Entertainment allowances and much more.
Basic Salary for a Bank PO starts from Rs23,000 excluding the allowances. For more details regarding pays and allowances, go here.
Choose your career option carefully as you are going to work here for 30 to 40 odd years.
Engineering is a vast ocean wherein you will have many different ships to sail onto. You have to decide which ship you want to sail onto. Sometimes a small ship may take you to the best destination. So In the end, it is really doing what you love.
There are many more career options available there in this big world. I will be updating here frequently and in a more detailed way.
Share this article to your fellow friends and relatives to let them know these career options after Engineering! 🙂
Let me know in the comment section below what do you think is the best option so far! Also, let me know if any topic you want me to cover in the upcoming articles.