Category: News


The 100 Best Jobs – 2013

Courtesy: US News

All jobs aren’t created equal. In fact, some are simply better than the rest. U.S. News 100 Best Jobs of 2013 are the occupations that offer a mosaic of employment opportunity, good salary, manageable work-life balance, and job security. Some careers offer just the right mix of these components—for instance, our top tier is filled with tech and healthcare jobs—but the list also includes strong showings from occupations in the social services and business sectors. Even construction jobs enter the fray this year. Read more on how we rank the best jobs, and check out our full list.

Read further:

http://money.usnews.com/careers/best-jobs/rankings/the-100-best-jobs

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Good news from Financial Budget 2013-14

Some good things to be heard for education and skill development sector in India. Excerpts and observations from the Finance Minister‘s speech.

“We have set an ambitious target of skilling 50 million people in the 12th Plan period, including 9 million in 2013-14. We have to pull out all stops to achieve this objective. Funds will be released by the National Rural Livelihood Mission and the National Urban Livelihood Mission to be spent on skill development activities,”

1000 crore for youth skill development, to increase employability.

“A large number of youth must be motivated to voluntarily join skill development programmes. I propose to ask the National Skill Development Corporation to set the curriculum and standards for training in different skills. Any institution or body may offer training courses. At the end of the training, the candidate will be required to take a test conducted by authorised certification bodies. Upon passing the test, the candidate will be given a certificate as well as a monetary reward of an average of Rs 10,000 per candidate. Skill-trained youth will give an enormous boost to employability and productivity,”

“On the assumption that 10,00,000 youth can be motivated, I propose to set apart Rs 1,000 crore for this ambitious scheme. I hope that this will be the trigger to extend skill development to all the youth of the country,”

Other positive vibes

Nirbhaya bank, exclusive for women.

NSDC announced that it is conducting a six month training capsule for educated youth. Learners will be coached in basic computing skills and an aptitude required for lower clerical skills in a bank.

Rs. 1000 cr slotted for youth skill development

Courtesy Hindustan Times: Finance minister P Chidambaram on Thursday allocated Rs. 1000 crore to develop job-oriented skills among youth.
“Assuming that 10 lakh (one million) youth can be motivated in one year, skill-trained youth will give enormous boost in employment and productivity,” Chidambaram said while presenting the federal 2013-14 budget to the Lok Sabha.

The finance minister allocated Rs. 1000 crore for the “ambition”, saying that it would be a “trigger for skill development in the country”.

The National Skill Development Corporation would be asked to set the curriculum and standards for training in different skills.

Trained youth who pass a test at the end of the training period would be given a monetary reward of Rs. 10,000, on an average.

It is important for those who want to enhance their skills to note the establishments initiated by the government of India. It is a geographic and faculty based spread. In one of the articles titled Employ-ability of Youth in India,  HCC mentioned the gap persisting among industry, government, students and other stakeholders of the ecosystem.

This is an extension to the article, indicating  activities happening in our country to fill this lacunae. HCC has tracked the developments region wise, for the benefit of its readers.

Skill Development ProgrammeIndustry contribution: TATA STEEL

Government collaboration: Prime Minister Employment Generation Programme (PMEGP), Institute for Steel Development & Growth

Skill Development Programme: Entrepreneurship and skill development programme for rural youths.

Skill Development ProgramIndustry contribution: The Institute of Entrepreneurship and Career Development of Bharathidasan University

Government collaboration: Centre for Differently Abled Persons

Skill Development Programme: Certificate courses for Photocopier Technician, Office Automation and Diploma in Graphic Design in the field of IT and ITES

Other Details

Skill development programmeGovernment collaboration: Nehru Yuva Kendra and the Krishi Vigyan Kendra

Skill Development Programme: Skill development program in poultry, vermicompost, value addition of fruits and vegetables, mushroom cultivation and importance of balance diet.

Other Details

MangaloreTo establish an International multi-skill development center with an objective to equip workers with better skills, the government has taken its first steps in collaboration with  German-based GIZ-IN Institute.

Other Details

Madhya PradeshThe skill development efforts at Madhya Pradesh have been introduced in its capital city Bhopal. Attempts at this state are to use nodal officers from 20,000 colleges as coordinators to work with the Technical Education and Skill Development Department. This will be a paid service for students and the charges will remain nominal. The skills will be imparted during the academic year.

Other Details

Campus recruitments losing charm

*Disclaimer find below.

Campus recruitments are down, and Indian B-schools are a failing business model, says ASSOCHAM paper

Do you think a Master of Business Administration (MBA) degree will fetch you a high-flying job? For the steadily increasing number of MBA aspirants, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) has a myth buster. According to ASSOCHAM, barring graduates from the Indian Institutes of Management (IIMs), B-schools are fast losing shine, failing to attract India Inc. for campus recruitments. In fact, they are battling for their own survival.

An ASSOCHAM paper on “B-schools and engineering colleges shut down – big business struggles” reveals that only 10 per cent of business graduates are actually employable, despite the robust demand for MBAs. Only 10 per cent of graduates from Indian business schools, excluding those from the top 20 schools, get a job straight after completing their course, compared with 54 per cent in 2008.

According to the paper, since 2009, campus recruitments have gone down by 40 per cent. As a result of not being able to attract enough students, over 180 B-schools have already closed down in 2012 in cities such as Delhi-NCR, Mumbai, Bangalore, Ahmedabad, Kolkata, Lucknow, Dehradun, etc. Another 160 are struggling for survival, the paper adds.

Contrast

This is in stark contrast to the past, when MBA seats grew almost four-fold from 95,000 in 2006-07 to 3.6 lakh in 2011-12, resulting in a five-year compounded annual growth rate of 30 per cent. In the last five years, the number of B-schools in India has tripled to about 4,500.

But job opportunities for MBAs have not grown in the same proportion, as the MBA capacity in the country was built based on the projection of a 9 to 10 per cent economic growth rate, the ASSOCHAM paper says.

Similarly, the demand (and quality) of the Master of Computer Application (MCA) course is also on the decline. Nearly 95 colleges stopped offering the programme in 2012 and only 25 started MCA courses, the paper revealed.

Reasons

What are the reasons for the downward trend? “The biggest reason is the rapid mushrooming of tier-2 and tier-3 management education institutes that has unfortunately not been matched by commensurate uplift in the quality of management education. Most students prefer to choose cheaper AICTE-approved programmes rather than B-schools”, said D.S. Rawat, Secretary General, ASSOCHAM. He added that there is no quality control, the placements are not commensurate with the fees being charged, the faculty is not good enough and there is no infrastructure.

The paper on B-schools also showed how students expressed their displeasure about their schools promoting themselves by boasting about placements and high salaries, and also revealed that the students are also not concerned about the quality of education in an institute, they only want to know the placement and salary statistics and discounts offered on the fee structure.

Academics’ opinion

While the industry is pointing fingers at the colleges, the academics are holding the corporates responsible. Janardhanam K., Director, Canara Bank School of Management Studies, Bangalore University, spoke about the reluctance of the corporates to participate in academics.

“Also, the cost of recruitment is more for MBA graduates (selection, identification of resources, etc). The corporates have changed their preference for recruitment from PGs to UGs as they say there is better talent available in the UG market and the choices are more there, as nearly one lakh students graduate from UG management courses every year. In the case of MBA, there are fewer choices,” he explained.

Prof. Janardhanam also said, “There is also generalisation of the job market – any graduate is now okay for junior-level jobs. But for the middle and above middle levels, the expectations for MBAs are high.”

He said that at the Canara Bank School, in 2012-13, six government companies had approached for recruitments, which is a stable number.

*Disclaimer: The content above is a news article and is published in THE HINDU e-paper. Please follow here http://www.thehindu.com/education/college-and-university/the-charm-is-fading/article4372897.ece?ref=sliderNews