While top programmers still enjoy superstar status, India is now a leading producer of unemployable engineers. The thing that doesn’t let me sleep is that I don’t have a degree. I’ve dated a vet, an engineer and currently dating a girl in her 4th year of mbbs and I feel embarrassed in front of them. Most of all, I think about what’s going to happen if this girls parents (the one I’m currently dating) make a fuss about my educational qualifications. I’m planning on getting an online degree through amity or manipal if that would help, but I always feel like I could have done better when I was younger.
- Experienced college grads earn an average of $62,000 a year, while experienced graduate degree holders earn $74,000 a year, on average.
- Degrees in computer science and related fields are high in demand in the digital space and the average salary is pretty high as well.
- Immediately a month later I join the casino industry as a surveillance officer (best professional decision till date).
- For roughly 50 fields, we calculated how much more money a graduate degree would bring and the difference in unemployment rates for those with a post-college degree.
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In 2019, the Supreme Court barred the Bhopal-based RKDF Medical College Hospital and Research Centre from admitting new students for two years for allegedly using fake patients to meet medical college requirements. The college initially argued in court that the patients were genuine, but later submitted an apology after an investigative panel found that the purported patients weren’t really sick. It has the world’s largest population by some estimates, and the government regularly highlights the benefits of having more young people than any other country. Yet half of all graduates in India are unemployable in the future due to problems in the education system, according to a study by talent assessment firm Wheebox.
and without a degree in India. Feeling ashamed about it
The government must invest in strengthening the quality of education in India, both at the primary and secondary levels. It should also introduce measures to ensure that colleges and universities focus on providing quality instruction and resources. The education system in India is facing a number of challenges, not least of which is the lack of quality instruction and resources. Despite increased investment in education, many schools and universities are failing to deliver the skills needed to compete in a global economy. In this list it was understood that students who opted for a specialisation in science, technology, engineering and math — collectively known as STEM disciplines — are projected to earn the most overall. One of Bhopal’s educational institutions came under a particularly sharp spotlight in recent years because it was involved in a case that went all the way up to the Supreme Court.
They had to select one of two options – choose the same major again or choose a different major. No need to find colleges in other sites, this is the best site in India to know about any colleges in India. We endeavor to keep you informed and help you choose the right Career path.
But scores of people with worthless degrees — who’ve graduated from lesser-known private institutes — lack the basic skills required to secure a job, per Bloomberg. “My sense is that the abundance of unemployable engineers is impacting the bottom rung,” said Nitin Sharma, a venture capitalist based in Bengaluru. “This correction is good.” For qualified developers looking to stay in the field, a new wave of Indian start-ups may offer opportunities. And as industries like health care and manufacturing become software driven, the demand for talent is likely to increase. But with thousands of engineers still unable to find jobs, the big question is where they will fit in the new economy.
The report found that 44% of all job seekers with college degrees regret their field of study. The problems at colleges extend across the country, with a string of institutions in various states drawing official scrutiny. In some parts of India, students have gone on hunger strikes protesting the lack of teachers and facilities at their institutes. In January, charges were filed against Himachal Pradesh-based Manav Bharti University and its promoters for allegedly selling fake degrees, according to a press release from the Directorate of Enforcement.
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Business is booming in India’s $117 billion education industry and new colleges are popping up at breakneck speed. Yet thousands of young Indians are finding themselves graduating with limited or no skills, undercutting the economy at a pivotal moment of growth. For roughly 50 fields, we calculated how much more money a graduate degree would bring and the difference in unemployment rates for those with a post-college degree. These figures were then combined to determine which graduate degrees were the most “useless” – basically, which give you the smallest boost in salary and employment. Experts have stated that these days for mid and higher level recruitment, companies drop the degree requirement and look for skill level and experience. “A growing number of companies, including many in tech, are also dropping degree requirements for many middle-skill and even higher-skill roles.” says a report on CNBC.
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Unemployment is a ticking time bomb because close to a third of the nation’s youth aren’t working, studying or under training, according to the World Bank. Last year, angry young people facing bleak job prospects blocked rail traffic and highways, even setting some trains on fire. Anil Swarup, a former secretary for school education estimated in a 2018 article that of 16,000 colleges handing out bachelor’s qualifications for teachers, a large number existed only in name. India’s education industry is projected to hit $225 billion by 2025 from $117 billion in 2020, according to the India Brand Equity Foundation, a government trust. That’s still much smaller than the US education industry, where spending is estimated to be well above $1 trillion.
The report on CNBC sorted the information to find out that-Good prospects, higher pay means less regret- was the common belief. “There is a gap between what the industries are looking at and the course curriculum they have gone through.” Elsewhere in Bhopal, was another college operating out of a small residential building. One of the students who studied there said it was easy to secure admission and get a degree without attending class. Most of the answers were from American point of view so I decided to ask here.
- India’s education industry is projected to hit $225 billion by 2025 from $117 billion in 2020, according to the India Brand Equity Foundation, a government trust.
- These figures were then combined to determine which graduate degrees were the most “useless” – basically, which give you the smallest boost in salary and employment.
- The problems at colleges extend across the country, with a string of institutions in various states drawing official scrutiny.
- On its website, the group says it provides quality education through teaching and imparting practical skills while making an effort to provide strong infrastructure and facilities.
- He wasn’t deterred by the fees that were high for his family, which has a monthly income of only $420.
An experienced graduate degree holder earns 9% more than a college graduate, and the unemployment rate is 22% lower. An experienced graduate degree holder earns 14% more than a college graduate, and the unemployment rate is 18% lower. An experienced graduate degree holder earns 13% more than a college graduate, and the unemployment rate is 21% lower.
Promises like this are hard to resist for millions of young men and women dreaming of a better life in India’s dismal employment landscape. Higher degrees, once accessible only to the wealthy, have a special cachet in India for young people from middle and low-income families. Many businesses say they struggle to hire because of the mixed quality of education. That’s kept unemployment stubbornly high at more than 7% even though India is the world’s fastest growing major economy. Education is also becoming an outsized problem for Prime Minister Narendra Modi as he attempts to draw foreign manufacturers and investors from China. PM Modi had vowed to create millions of jobs in his campaign speeches, and the issue is likely to be hotly debated in the run up to national elections in 2024.
But the thing that keeps me awake at night is not my professional achievements, I have that sorted out, I make 35k a month which is enough to help my parents and if I choose to go abroad I’ll make around 2 lakhs min. Representatives of Manav Bharti University did not immediately respond to Insider’s request for comment. Bloomberg’s report on India’s failing education system comes as India is set most useless degree in india to overtake China as the world’s most populous country. The country’s unemployment rate stands at 7.45% as of February, per the Indian news outlet, The Economic Times.
Using the recent “Hard Times” report from the Georgetown Center on Education and the Workforce, we examined salary and unemployment data of experienced college graduates and experienced holders of graduate degrees. A recent survey has found that students who studied journalism as their college majors regretted their decision the most and would jump at the opportunity to go back and take up a different degree. The Modi administration is also trying to address the shortcomings in the education sector in its 2020 new education policy, committing to improve the quality of its institutions.
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While it is common knowledge that only a undergraduate degree would not suffice if higher pay is the aim, the survey found that they earn 84% more than those with just a high school diploma. India has regulatory bodies and professional councils to regulate its educational institutions. While the government has announced plans to have a single agency that will replace all existing regulators, that’s still at the planning stage. The education department didn’t respond to a request for comment. “When millions of young people are rendered unemployable every year, the entire society becomes unstable.”
