PSU, Govt Jobs Most Preferred By B-School Graduates: Survey

Monday, 29 April 2013, 12:54 Hrs   |    2 Comments
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Mumbai: Sense of career stability is winning over faster growth prospects in private sector as more and more B-school graduates are preferring jobs in public sector undertakings (PSUs) and central government, says a survey by industry body Assocham.

A majority of students (about 88 percent) are getting into PSUs and central government jobs, said a pan-India survey conducted by the Assocham in February and March this year.

The survey, 'PSUs or Central Government job seekers', was conducted in cities like Delhi-NCR, Mumbai, Ahemdabad, Cochin, Bangalore, Hyderabad, Kolkata, Chennai, Indore, Patna, Pune, Chandigarh and Dehradun.

Aspirants from Delhi ranked first with job preference for PSUs and central government, followed by Mumbai, Ahemdabad, Chandigarh, Hyderabad, Kolkata and Chennai.

A majority of students, who gave their views on the subject, revealed that their first choice would be to join organizations like ONGC, IOC , NTPC, HPCL, BPCL, SAIL, banks and firms in manufacturing sector that provide good growth prospects with maximum stability.

The study revealed that a majority of students from management institutes felt that in PSUs and central government agencies give assignments that are exciting and provide challenges, opportunities and stability.

The survey highlighted that many PSUs are giving a generous allowance apart from car maintenance and insurance that adds up to about 20 percent of basic salary. Apart from salaries, a number of special allowances and residential quarters are provided to the officers.

Only 4 percent of the respondents in metros like Delhi, Bangalore, Kolkata, Mumbai, Chennai and Ahemdabad felt that leading private corporates give them a challenging culture and exposure.

They felt that in private sector, the boards and management are completely autonomous. Most of the times, their decisions are neither influenced by external factors nor do they have Government nominees on their boards other than those of financial institutions.

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Source: PTI
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Reader's comments(2)
1: As we see a lot of scams in PSUs and Governments and rarely we hear any wrong doer getting caught or punished. Is it this attraction that is wanting the brighter students chose these careers?
I wonder!
Posted by:G S Gundu Rao - 05 May, 2013
2: its very useful site because each and every information belongs to education available in your's useful for every student.i have seen your rss code it is very good and one of my friend Mr Rajiv suggest to visit your site.

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Posted by:kadharmahmad - 01 May, 2013