Hares
in March are not thought to be nuts for nothing. They have an
awful lot of choice to ponder. So it is with rookie graduates
on the lookout for that first job that gives them butterflies
in the stomach just daydreaming about. Ah, nice feeling, isn't
it? The beginning of a career. The start of the future. The lift-off
of an epochal voyage.
Okay. Time to snap out if it. Reality has
started intervening a lot earlier than it used to, and you should
be glad for it. The reality here is that every job in every sector
is not the same path of limitless opportunity. Fresh entrants
to the job market now have the advantage of enhanced information
on business to help them pick the winning fields. The sectors,
that is, which offer the best hope of a nicely inclined career
path. Sure, you may switch career lanes midway, or even zigzag,
but you're likely to live a mono-sectoral existence for most of
your life. As laughs G. Ramesh, Vice President (hr) at Hyundai,
"the hop, skip and jump mentality is not good". So which
might the winning sectors be?
Fast Moving Consumer Goods (FMCGs)
For all the misgivings about anaemic growth,
it is still an exciting field, showing signs of revival. Equity
analysts are bullish too. Expect key players such as Hindustan
Lever (HLL) and Procter & Gamble (P&G) to get into high
activity mode. The big attraction for MBAs is the intense meet-real-India
training module, and the first-hand chance to have a go at engaging
customers. "We have a very strong business leadership training
programme," says Devrajan Harish, Vice President (HR), HLL.
Market leader HLL alone will snap up some 30 b-school grads this
year, each earning an annual Rs 7.5 lakh (up 6 per cent since
last year). The biggest numbers recruited in this sector, though,
may be for sales jobs, going by the findings of a recent Mercer
Compensation Outlook Review.
Automobiles
The passenger car market is at the magic one-million-unit
figure that is said to make viable the existence of several local
manufacturers. India's two-wheeler industry is already among the
world's most vibrant. Engineers would be needed in large numbers.
Several companies have announced capacity expansions. "If
you have the right aptitude then this is the place to be,"
says G. Ramesh, hr Head at Hyundai, which plans a new plant that
will create many new jobs.
Telecom
The telecom industry is growing amazingly
fast. By one estimate, telecom has created a heart-stopping 3.6
million direct and indirect jobs (the latter, mostly) already,
and further investment could see many more. And that, despite
the high levels of manpower efficiency claimed by leading players
such as Bharti. The thumb rule: one extra employee for every 25,000
customers. Demand for new telecom services is such, that this
ratio is enough for Bharti to generate 2,000 jobs every year,
be it in the form of management trainees, sales agents or customer
care agents. Says Anil Nayar, Corporate Director at Bharti, who
oversees hr, of the sector: "It's high growth and it is in
the public eye."
Information Technology And Related Services
The sector is absorbing youngsters in large
numbers to sustain the growth that has come to characterise its
fabled success story. Wipro, one of the largest private sector
employers, with 44,000 employees, expects there to be no let up
in the pace of job generation. "The kids today are smart,
they know the hot sectors and join companies that provide high
growth and assurance," says Pratik Kumar, Corporate Vice
President (HR), Wipro. As many as half of all the people hired
every year by Wipro are fresh first-time job seekers-be it in
programming, analysis, design or quality. These are typically
graduates of top engineering colleges. The money in these roles
is not as high as in management jobs, but the industry average
for beginners is in the annual Rs 1.8-2.2 lakh range.
Banking And Finance
Going by the Mercer report, sales and retail
banking are the two areas that will witness the most recruitment
this year. "As the retail side of banking sees itself moving
to B and C category markets, the employment will increase,"
reveals K. Ramkumar, Senior General Manager (HR) at ICICI Bank.
ICICI hires management trainees (Rs 6.5 lakh per annum) as well
as plain graduates (for its back office, earning some Rs 1.2 lakh
per annum). Housing finance is in boom too, with Housing Development
Finance Corporation (HDFC) looking to take in around 30 MBAs.
"We don't go to the IIMs, we need people who can interact
with the domestic market and not work in some kind of void,"
shrugs Manju Malkani, Head of hr at HDFC. The salaries: Rs 3-3.5
lakh. Finance sector jobs, of course, are spread across investment
services too, which is displaying buoyancy helped along by the
secular bull market.
Pharma
This sector is witnessing a churn on account
of the new adherence to global product patents. The big skill
set in demand, predictably, is R&D expertise. Beyond that,
the industry looks buoyant because of the growing opportunity
for contract research in India. "Entry-level opportunities
have emerged in the areas of research, patents, regulatory and
emerging markets, clinical research, global marketing, and business
development," says A.H. Khan, Head of hr at Sun Pharma. Entry-level
salaries in the industry are about Rs 1.5-2 lakh for researchers.
So those are the six job sectors that ought
to top your consideration set. Of course, there are other sectors
you might want to try. But opting for an unconventional career
takes plenty of daring. It's enormously risky. But not as risky
as ignoring the 'big picture' in making your decisions.
COUNSELLING
Help, Tarun!
I am a journalism school graduate working as a trainee at a travel
and tourism publication. The field of work I am engaged in is
interesting, but its reach is restricted. Kindly advise if sticking
to my current job, which involves niche interest journalism, will
put limitations on my long-term career when it comes to mainstream
media. I am worried that staying for a long time at this job might
cut me off from where the action is. On the other hand, getting
into a top-bracket newspaper or magazine is not easily done. What
are my options?
If you want to be in the travel area, you could enter the television
and internet media. If you want to be in the mainstream, then
you should change your job in the next year or two at the most.
This would allow you the flexibility of changing without getting
pegged to a special area. It also might be worthwhile looking
at the features section in a mainstream publication. This way
you could still touch on travel related topics once in a while
and yet diversify.
I am a senior research associate with
a clinical research organisation and although it is an emerging
field, I need to move on to further my career since my company
is small. Also, it's the marketing aspect that interests me, which
is completely different from what I am doing now. How should I
make this switch? How do I convince potential employers that my
marketing skills are just what they need?
It might be difficult for you to get into
the marketing/business field since your experience is mainly in
research. However, you can do an MBA, which will give you the
required educational qualification to enter the business arena.
Alternately, try for a job in the product support/technical support
area, as these will be relatively easier to get. Once you prove
yourself, you could ask for a transfer to marketing.
I am a 24-year-old law graduate. I also
possess an additional (graduate) degree in economics. For the
last one year, I have been working as an intern with an advocate
of the Delhi High Court and have acquired a reasonably good knowledge
of the procedures and practices of a civil court. Now that my
internship is almost over, please guide me on the course of action
I should take to chalk out my career. Are there any unconventional
fields where I can utilise my legal knowledge? What are the prospects
in the corporate world?
One option would be to join the corporate
legal team of a company. It would surely enhance your prospects
to have a CS (Company Secretary) qualification under your belt.
Financial firms also have a need for specialised legal personnel.
Another good option is to join a law firm that has corporate clients.
Mergers and acquisitions, taxes, labour laws, trademarks and patents,
company laws, contracts, etcetera are some of the specialist areas
that you could go for.
I am an engineering graduate working
as a web developer with a software company. When I had entered
the market, the IT sector was at its peak and I did not have much
say in the choice of employer. Since my company is not too old,
with a small team, it has very few good projects. Now that the
industry has picked up, I am seeking better prospects. I want
to become a management professional, but am not sure what to do.
Please advise.
Getting an MBA degree would greatly enhance
your prospects. But that is not the only option, as many software
management professionals have grown from the technical stream.
You could try and get a job with a larger company where prospects
of growth in project management are better. This is one way you
could eventually get into management.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner, US practice) of HR firm, Shilputsi Consultants. Write
to Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor,
E-1, Jhandewalan Extn., New Delhi-110055.
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