Only 4.22% graduates fit for a job: study

Employability with regard to IT product firms is as low as 4.22 % according to a study on employability.

Employability with regard to IT product firms is as low as 4.22 % according to a study on employability,conducted by Aspiring Minds. But with regard to IT services companies it is 17.84% (wherein an in-house training of 3-6 months is provided in the company).

The report also revealed that KPOs find only 9.47% technical graduates employable. While the employability with regard to BPOs is 38.23%,it is 25.88% for the Technical Support Jobs (TSJs).

The employability study of technical graduates is based on the results of a computer-based test called AMCAT conducted for more than 40,000 engineering and MCA students (in the final year of graduation) across the country. AMCAT was conducted in more than 12 states under proctored environment.

“The current talent pool has very low employability with regard to IT product companies. As the IT industry in India matures,this shall become an impediment for growth due to lack of trained manpower for product based and research based projects,” says Himanshu Aggarwal,co-founder and director,Aspiring Minds.

“Taking a long term perspective for growth,strong intervention is needed to correct this. Objective assessments will go a long way for industry and academia to understand and bridge the gap in employability,” Aggarwal adds.

AMCAT claims to cover all objective parameters for adjudging employability in the IT/ITeS sector including the English communication,quantitative skills,problem-solving skills and computer science and programming skills.

Employability figures are based on the real hiring benchmarks on AMCAT scores set by multiple companies in IT/ITeS related sectors.

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The report also disclosed the fact that the employability of MCA students is almost half of that of the engineering students in case IT services companies and KPOs.

On the other hand,for IT Product companies,the employability of students is not as skewed (4.2% as compared to 5.4%). With regard to skills,MCA students are better than engineering students (in computer/ electronic/ IT related branches) in Computer Programming by 12 percentile points,whereas engineers perform better in English,Logical and Quantitative Aptitude by 10 to 20 percentile points.

The test and its technology is said to have been developed by alumni from IIT,Delhi and MIT,Boston,USA works on a very high end statistical technology. The score obtained in these modules can be used by companies to compare with other students score,so as to decide on a better hiring potential.