With the economy slowly picking up, the engineering, manufacturing and construction sectors are poised for growth. This surely is a good sign for aspirants and engineering graduates who are waiting to explore career opportunities that this sector has in store for them.
The economy is surely showing some signs of recovery and India Inc too is very optimistic about its future. The engineering, manufacturing and construction sector too is expecting some steady growth. This sector, which is considered as the backbone of the economy and is intricately linked with umpteen other core sectors, is showing a lot of promise. And for engineering graduates and other career aspirants waiting to explore the career opportunities this sector has in store.
Talking about how the engineering, manufacturing and construction sector is faring at this point in time, senior vice president – HR Larsen & Toubro Ltd, Mumbai Says “The industry try is witnessing several positive trends and the business too is looking up”. With timely government intervention towards spending in infrastructure projects and private investments in sectors like power etc., we are seeing increased activities in the engineering, manufacturing and construction space. Different verticals have had different impacts. If you talk about the construction vertical, then it did get affected owing to the lending and liquidity crunch in the real estate sector. The infrastructure sector is doing reasonably well, thanks to the support of the government. The infrastructure sector is a need based sector and every one needs to have good infrastructure. This sector is actually going good even in recessionary times.
So, what are the career prospects for fresh engineering graduates at this point in time? Core engineering is once again emerging as a better career option. It offers a steady growth and immense opportunities. An engineer from any branch / discipline with experience in any function in engineering – design, project management, manufacturing, supply chain, construction, etc can easily transit into other general management functions or IT/ITES or service sector, but it does not work the other way. A mechanical engineer having worked with an IT company for five years will find it difficult to get back top product design, but a product designer can easily move to an IT company. As the economy picks up over the next 12 months, practically, all sectors in core engineering will offer good employment opportunities. The current trend is for multi-discipline capabilities from stand alone components to integrated systems. An engineer working in mechanical, hydraulics, electronics and automation domains deliver complete systems or a civil engineer working on a large building project to integrate structural designs.
Today IT career are much more than mere coding skills. Companies today provide solutions to business problems leveraging technology rather than mere technology capabilities. As a result, employees are now expected to specialize early in technology, industry (domain) program/project management or consulting. As companies grow up the value chain employees are required to understand the functioning of various industries or domains such as manufacturing, banking, insurance and healthcare. They are required to marry domain knowledge with technological excellence. The demand for good talent continues to exist. We see continued demand for talent in business consulting and domain intensive roles, apart from niche and new technologies. Going by the current demand for skills, generic IT (competencies in J2EE, .NET, mainframes, and so on), BPO, data warehousing and business intelligence, analytics and testing are among the key opportunities that exist today. There are great opportunities for engineering graduates, especially in the infrastructure sector, but the need to harbor a good attitude and an open mind when they look out for a job. They might be very well off academically and conceptually clear on many things, but might not be ready to be on the floor or on the site. Also, these days, there is a huge demand for design engineers in the infrastructure sector. Engineering graduates with soft skills are preferred by the industry rather than those with mere technical knowledge. Civil engineers have cent per cent job potential in view of boom in infrastructure and construction industry. Mechanical engineering is the most versatile branch with employment potential. Computer science engineering has a good demand as science and technology is growing rapidly. Electrical engineering offers employment in all power generating units in the transmission and distributions wings. Looking at the larger picture, it can be rightly said that this sector is certainly on the road to growth and development. —