April 06 : Recent findings reveal that as economic recession advances globally, trends in career sector get gradually changed day by day. Some of the potential areas in educational and career sector that have shown spectacular growth during the pre- recession era have been replaced by new emerging sectors. Export and tourism have been badly affected during recession. Healthcare, education, research, energy, utilities, international business, public safety, accounting, pharmaceuticals, sales, government jobs, marketing, debt management, banking, consultancy, law, food, beauty care, debt collection and ultra luxury sectors are proven to be some of the recession resistant areas.
Ten career oriented educational sectors, which are not affected during recession period, are listed below. Parents and students can prioritize the courses having more career potential during the coming years.
1. Engineering – India ranks fourth in telecommunication sector after Japan, China and South Korea. By 2012 this sector will exhibit spectacular growth and create immense job opportunities in India. This will be reflected in the Information Technology sector also. Taking in to account the emerging opportunities in the telecom sector, electronics, electronics &communication, electrical & electronics and IT will have more potential during the coming years.
Nano technology, Mechatronics and Bioinformatics are emerging as the promising technological areas. Global economic recession has started affecting some of the potential employment sectors in the country. It has not even spared the IT industry. Biomedical science, Bioinformatics, Electronics & Communication, Mechanical Engineering, Dairy Technology, Environmental Engineering, Maritime Engineering and Fashion Technology are emerging as the major placement oriented courses.
Civil, Architecture and Chemical engineering graduates can pursue post graduation abroad for better placements. By 2012 ecofriendly technologies will acquire momentum in the country. As part of popularizing green technologies, chemical engineering may emerge as one of the potential sectors, which can assist in developing ecofriendly pollution control measures. Biomedical, Bioinformatics, Nanotechnology and Biotechnology graduates will get better opportunities within the country and abroad.
2. Nursing- globally nursing has emerged as one of the key areas generating more employment. Almost all countries are facing scarcity for nurses. Developed countries face difficulty in meeting the ever-growing demand for nurses. Since the demand gap is very high, Indian nursing schools can exploit this situation. International Council for Nurses (ICN) and Florence Nightingale International Foundation has revealed that developing countries can play a key role in reducing this global problem. Potential for nurses are more in USA, England, Canada, NewZeland, Ireland, Switzerland, Scotland, Australia, Wales and in certain African countries.
3. Fashion Technology- Fashion Technology is emerging as one of the lucrative employment ventures in the country. There are better opportunities for diploma and degree holders in this sector. Quantum jump in Apparel industry, Designing and Modeling has paved the way for Fashion Technology experts to perform well in this sector.
4. Maritime courses - Maritime courses especially Maritime Engineering is having better opportunities now a days. Attractive pay and allowances make this sector more lucrative.
5. Teaching- recent survey reveals that by 2012 three lakh vacancies for teachers will be created in United States. These vacancies will be available in pre-schools, KGs, elementary schools, secondary schools and universities. English proficiency will help teachers to acquire better posts within developed countries and Middle East.
6. Scientists - Government of India is making all efforts to promote scientific research. As part of the same, pay scales of scientists have been revised. Nano Science, Mechatronics, Biomedical Science,Biotechnology, Public Health, Medicine, Agriculture, Veterinary Science, Environmental Science, Conservation, etc are some of the thrust areas identified in this category. 7. Management experts- Management experts with MBA will get better options within the country and abroad. Students while joining for MBA programme in selected business schools try to identify some of the emerging sectors like retail management, insurance, telecom, banking, IT, agribusiness and supply chain management. More professionals are interested to take MBA from abroad. Recent findings reveal that 69.4 percent of the candidates are interested to take MBA to improve their career prospects. 53.3 percent’s objective is to learn new skills. 41.1 percent are interested to study MBA to build professional network. 26.9 percent candidates' aim is to get better salary after completing MBA. 22 percent candidates are interested to take MBA as part of their education, whereas 23.89 percent candidates' aim is to start their own business. As a result of booming interest in MBAs among non-business people, after completing MBA programmes from abroad they tend to diverge their activities into business related areas. Globally Information Technology, Engineering, Consultancy, Financial Services, Banking, Consumer products, Telecommunications, Accounting and Retail are the major employment sectors for MBA respondents. Moreover 18 percent of the respondents in the employed category are interested to study MBA. 14.1 percent MBA holders are working in the IT& ITeS areas. Business schools from abroad offer specialized MBA programme catering the need for professionals, like MBA programmes for lawyers, engineers, doctors, etc. Moreover dual MBAs are available in different disciplines. 34 percent of the MBA aspirants reveal that career change is their major motivation to pursue MBA from abroad.
8. Chartered Accountants – Chartered Accountants have enough opportunities within the country and abroad. They can associate with public sector undertakings, banks, insurance companies and private companies.
9. Animation- BBC predicts that among Asian countries, India has immense potential in animation sector. This will facilitate recruitment of animation experts in the coming years. Animation design, web designing, computer graphics, multi media and digital media production are some of the promising areas in animation sector. There is enough potential for animation diploma and degree holders in India and Middle East.
10. Bioinformatics & Biotechnology- There is better scope for professionals in Bioinformatics and Biotechnology sector in India, Canada and United States. They can work in R&D units of pharmaceutical and biotech companies. Plant biotechnology, vaccine production, veterinary biotechnology and pharmaceuticals are some of the promising areas coming under bioinformatics and biotechnology.