Career planning for Engineering Students in Indiaeb 12 2012 v3

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MAQ Software shares its perspective on software industry jobs in India, pursuing MBA and recommendations for landing a good job.

MAQ Software shares its perspective on software industry jobs in India, pursuing MBA and recommendations for landing a good job.

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  • 1. Career Planning for Engineering Students Rajeev Agarwal Founder and CEO B. Tech. IIT Kharagpur MS, Engineering, Iowa State University MBA, University of Michigan Business School February 13, 2012
  • 2. Agenda• Software Industry Overview• How to get a good job after graduation?• How to meet long term career goals?• Pursue MBA or take up a job?• RecommendationsCompiled by MAQ Software | Page 2
  • 3. Perspective and trends • Over 40 years of professional life ahead of you • Technology is changing even faster today as compared to ten, twenty or thirty years ago • Work globalized to include workers in India and China • Education has shifted online • Engineering work becoming easier due to better tools and automation • Huge shortage of engineers with current skills worldwide Disclaimer: Use our discussion as one data point only. My perspective is based on 25 years of experience through colleges, work, friends, family and entrepreneurship.Compiled by MAQ Software | Page 3
  • 4. Software Employment in India (non BPO) • Large IT Service Providers (10 companies) – Employ ~250,000 employees in India with ~50,000 new hires to support growth, migration and attrition • Midsize and Small IT Service Providers (~5,000 companies) – Employ ~25,000 employees in India with ~10,000 new hires/ year • Extension of IT Departments of Fortune 1000 Companies – Employ ~100,000 employees in India with ~10,000 net new hires • Product Development and Support Team Extension Centers – Microsoft, Google, Adobe, Amazon, IBM etc. – Employ ~10,000 employees with ~1,000 net new hires/ year • Research Team Extensions – IBM, Google, Microsoft, etc. (~1,000 researchers with PhDs)Compiled by MAQ Software | Page 4
  • 5. Software Graduates in India (CS/ IT graduates per year) Colleges CS/ IT graduates IITs ~3,000 BITS, IIITs ~3,000 NITs ~4,000 Regional Universities ~25,000 Total ~35,000 Source: MAQ Software estimates based on interaction with universitiesCompiled by MAQ Software | Page 5
  • 6. Trends in Technical Career Progression • Technology use and skills needed vary across industries – IT, Retail, Banking, Transportation, Healthcare etc. • Employment and growth opportunities vary across different industries – 50% of technology purchased by financial services industry (Banks, Insurance, etc.) • Moving from entry level roles to mid-level roles, – expand skills to include project and people management • Knowledge of industry (domain) and mastering platform / tools become critical for growth • Prepare to relocate to metros for opportunities – 80% of new SW space and jobs are in Bangalore, Hyderabad, Pune and Chennai (20% Rest of India)Compiled by MAQ Software | Page 6
  • 7. How to get a good job after B.E./B. Tech.? 1. Master technical skills • Master fundamental topics – data structures, algorithms, programming, databases and networking 2. Follow technology trends • Keep up with key enterprise vendors (IBM, Microsoft, Oracle, SAP etc.) • Hard to change technology platform mid career (10- 15 years of experience) 3. Increase self awareness • Intelligence Quotient (IQ) • Personality and work style • Emotional Quotient (EQ)Compiled by MAQ Software | Page 7
  • 8. 1. How do I master technical skills? • Supplement your classroom knowledge online – Free computer science video courses at • Stanford Engineering Everywhere (see.stanford.edu) • MIT Open Courseware (ocw.mit.edu) • IITs and IISc. Courses (nptel.iitm.ac.in) • KhanAcademy.org • Develop software in college – Paid or unpaid positions on campus – Research for Professors (no task is below you) – Publish applications on Apple AppStore, Windows Phone Marketplace, Android Market (one to two week effort) – Publish websites for your community using free tools (WordPress, Facebook, etc.)Compiled by MAQ Software | Page 8
  • 9. How do I learn about software industry? • Company websites, blogs, newsletters and press releases • Social Media – Facebook (Like company page) – YouTube (Watch speeches of key industry leaders, events, TED) – Twitter (Follow Tweets) – LinkedIn (Reviews) • Books – Autobiographies for historical perspective – Books by major players in the target industry • Movies (Dramatize, still better than no knowledge) – The Social Network, Pirates of the Silicon Valley, Wall Street • Industry Association and ConferencesCompiled by MAQ Software | Page 9
  • 10. 2. How do I learn about technology platforms? • Learn about shift to common industry standards in specific areas, e.g.: – HTML5, CSS 3 etc. for front end application development – Java and C# for programming – TCP/IP v4 vs. v6 for network protocols • Enterprise application space currently dominated by IBM, Microsoft, Oracle, SAP etc. – Review company websites for free training for engineers – Like IBM, Microsoft, Oracle and SAP company page on Facebook for latest news (Facebook is new RSS feed) – Watch online videos of supplier user conferencesCompiled by MAQ Software | Page 10
  • 11. Not all Employers are Same Career Progressive Organizations Large IT Service Providers Work 70% work on new 70% work on maintenance applications, smaller projects and support, larger projects Technologies Anything older than 2 years Likely to be older systems is obsolete Processes Agile and Daily build model CMMi and highly restrictive (CMMi not relevant) processes People Computer Science/ IT degree Most engineering streams required accepted Idle engineers Less than 10%, cannot afford 30% to 50% of India (bench) idle employees employees on bench (72-75% utilization) Growth/ Learning High due to rich work Different experience on projectsCompiled by MAQ Software | Page 11
  • 12. After Engineering: Job or MBA?Compiled by MAQ Software | Page 12
  • 13. Management Education in India • Proliferation of MBA programs to meet growing demand of business graduates • Established IIMs increased capacity (~400 grads/IIM) – Following patterns of US MBA programs, IIMs requiring students to gain good work experience before MBA • Top programs consider quality of work experience • Quality of graduates, jobs and salaries drop drastically as you move beyond top 10 MBA programs • For many aspiring managers, good long term investment to do MBA from top 10 programs • Many MBA graduates are paid less than a good engineer with 2 years of work experienceCompiled by MAQ Software | Page 13
  • 14. Progression at IT Services Cos. Management Skills required Logical6-12 years Project Manager for which MBA may help jump to accelerate your Project Lead/ Associate Strengthen technical Skills career 3-6 years Project Manager + Learn project mgmt. + through Gain people mgmt. skills MBA Senior Software Strengthen technical Skills 2-4 years Development Engineer + Learn project mgmt.0-2 years Software Development Master technical Skills Engineer Compiled by MAQ Software | Page 14
  • 15. After Engineering: Job or MBA? • Why MBA? – Change Career (e.g. engineering to sales?) – Accelerate Career (Individual contributor to manager) • Curriculum design and case studies designed to take advantage of work experience of students • Majority of MBA students (90%+) are engineers • For some aspiring managers, OK to wait for MBA and gain good work experience – 40 years of professional life ahead – 2 years of work experience + 2 years of MBA = 36 years of successful careerCompiled by MAQ Software | Page 15
  • 16. Top MBA Programs and Employers Prefer students with good work experience Students with more Graduates per Institute than 2 years of work year experience Established IIMs 2,400 30% - 75% ISB, Hyd and 900 100% Mohali XLRI, MDI, JBIMS, 1,500 ~50% IMT S. P. Jain, NITIE 600 ~50%Compiled by MAQ Software | Page 16
  • 17. Questions You May Ask Before Accepting a Job! • Will I develop new applications, support applications or test applications? • Will I work on current or obsolete technologies? • Will you teach me how to learn new technologies? • What is typical number of years before engineers are given ownership of a project? • What percentage of current engineers are on bench? • What will be my date of joining? • What will be my salary on IT Form 16? (unclear CTC in the offer letter)Compiled by MAQ Software | Page 17
  • 18. Recommendations • Own your own growth – Watch Stanford/ MIT courses to get different perspective from different professor (Even if all your teachers are great!) – Maximize learning by offering to work on challenging projects (Do not sit idle, you will not grow) • Look for long term success, not the immediate salary – Focus on quality of projects offered, overlook designations – Sometimes companies offer a high package for unattractive jobs (e. g. hours, timings, traveling job etc.) • Give examples from relevant technology or projects during your interviews • Everyone gets only 24 hours in day – Use time wisely – Avoid peer pressureCompiled by MAQ Software | Page 18
  • 19. About MAQ Software • Focused on Digital Marketing and Web Analytics • 300+ employees worldwide • 3 development centers: Redmond, Mumbai, Hyderabad • About 15% of the team focused on adopting Cloud Computing, Mobile platforms and Big Data • Use Agile – Lean Software Development techniques (daily build model) • 98% of all projects are from repeat customers or their referralsCompiled by MAQ Software | Page 19
  • 20. Company recognitions Microsoft Partner Network since 2001 Inc. 500|5000, the Fastest Growing Private Companies, five consecutive years (2007, 2008, 2009, 2010, 2011). Rare honor for companies. Puget Sound Business Journal’s 100 Fastest-Growing Private Companies in Washington state, six consecutive years (2005, 2006, 2007, 2008, 2009 and 2010) Microsoft Preferred Vendor for seven consecutive years (2005, 2006, 2007, 2008, 2009, 2010, 2011)Compiled by MAQ Software | Page 20
  • 21. THANK YOUMAQ Software Confidential | Page 21