Only 3% of India’s engineering graduates land quality tech jobs with packages over Rs 8 lakh

Of an estimated 15 lakh engineers graduate in India every year, of which only 2.5 lakh students land relevant jobs in technical domains, claims the latest survey by Scaler – an edtech startup. In opposition to the perception, most of the engineers in India rather end up getting paid less than Rs 8 lakh. As per the survey, out of those roughly 2.2 lakh openings are in software, within which a vast majority (1.8 lakh jobs) are in IT services garnering around only Rs 3-5 lakh per annum in remuneration. Report further suggest that of the available engineering jobs, only 40,000 jobs — for around 3 per cent of 15 lakh engineers get a mix of autonomy with packages upwards of Rs 8-10 lakh per annum for is computer science engineering. Additionally, of the 3 per cent of graduates who land coveted high-paying and quality jobs, the majority come from Tier 1 colleges — implying the lack of good quality opportunities for students from Tier 2 and Tier 3 colleges.