At least 47% of graduates in India are not employable for any industry role, according the latest report by employability solutions firm Aspiring Minds.
The report is based on a pan-India study of 60,000 graduates across colleges.
According to the report, 47% graduates are not employable in any sector of the knowledge economy. The employability of graduates varies from 2.59% in functional roles such as accounting to 15.88% in sales-related roles and 21.37% for roles in the business process outsourcing (BPO/ITeS) sector.
A significant proportion of graduates, nearly 47%, were found not employable in any sector, given their lack of proficiency in English and cognitive skills.
Since a graduation degree is considered a pathway to a job in the knowledge economy, substantive intervention at the school and college level is needed to improve basic skills of students. A renewed focus on vocational training should be re-emphasised, said the report.
The employability varies from role to role based on varying degrees of proficiency required in language and cognitive skills.
For an analyst’s role, close to 84% graduates were found to lack the right levels in cognitive ability, while 90% graduates did not have the required proficiency in English communication. As a result, less than 3% of India’s graduates remain unemployable across different job profiles. These numbers change dramatically for a teaching role or a sales or support role in the industry.
Over 40% employable graduates are beyond the top 30% colleges and have no way to signal their employability to potential recruiters.
41% of graduates employable in accounting roles hail from colleges beyond the top 30% colleges, whereas for the IT services sector this percentage is 36%.
Despite being employable, these students have no way to signal their employability to recruiters who end up recruiting only from reputed colleges and universities.
“This study is a first of its kind for three-year degree graduates across India evaluating employability for major roles being offered by industry. The alarming statistics of nearly half of the country’s graduates not being employable in the knowledge economy needs great attention with interventions at both the school and higher education levels,” Varun Aggarwal, co-founder, Aspiring Minds said in a statement.
Six Sigma is a set of quality management techniques and tools used to minimize the manufacturing defects and errors up to a significant level. It also exhibit a pervasive influence on the management practices. Six Sigma Certification is the process of verifying an individual’s command of a valued method of professional skill development. Six Sigma doesn’t follow a standard curriculum. Online and classroom tutorials of Six Sigma certification are offered by many Institutions and colleges.
The various parameters that need to be kept in mind are: Brand Value of the Organization, Accreditation and Recognition of the Organization, Certification, Fee Structure, Learning Outcomes and Benefits, Course Feature, Course Format,Post training Support, Reviews and Feedback.
Lean Six Sigma Green Belt
Ranked No.1 Six Sigma Certification in India | Aligned to IASSC Book of Knowledge | Combining Lean and DMAIC Methodology to Impart Key Skills | Gain Experience of 12+ Projects | Both Classroom and Live Online Options Available
Lean Six Sigma Black Belt
Ranked No.1 Six Sigma Black Belt Certification in India | 9361+ Participants Trained | Aligned to IASSC Book of Knowledge (BOK) | Gain Advanced Expertise Over Lean and Six Sigma Methodology| Gain Experience of 12+ Projects | Both Classroom and Live Online Options Available
Lean Six Sigma Master
Black Belt Certification
Step-in to a new designation of being Explicit Quality Professional | Get acknowledged as a Lean Six Sigma Evangelist | Connect to the rarest community of worldwide Black Belt specialists | Validate your professional skills in leading intricate projects | Execute Lean methodologies with perfection.Explore Popular Category