Honest Reality of IT Job market in 2024 !! Is it even worth it to study so hard ?

Summary

The video script discusses the challenges faced by IIT Bombay students in securing jobs, despite the institution's reputation. It touches on the broader issue of engineering students, regardless of their specialization, pursuing software engineering roles due to market demand. The speaker emphasizes the importance of following one's passion and not just focusing on coding, suggesting that the IT industry is oversaturated. They also highlight the rise of data science and recommend platforms like Odin School for upskilling. The script concludes with advice on how to stand out in the job market, including building a strong portfolio and following one's interests.

Takeaways

• 😀 The speaker is a 24-year-old software engineer from Hyderabad and a part-time content creator with a recent hit of 5000 subscribers on YouTube.
• 🎓 The speaker discusses the job placement scenario at IIT Bombay, highlighting that 36 students did not get jobs on campus, which is not an isolated issue.
• 📈 The script mentions a trend where students from various engineering branches are pursuing software engineering roles, influenced by the glamorization of coding.
• 💡 The speaker shares personal experiences and insights from their life as a software engineer, emphasizing the importance of following one's passion rather than societal expectations.
• 🔍 The video script addresses the impact of the COVID-19 lockdown on the job market, particularly in the tech industry, and how it has led to a hiring freeze.
• 🏢 The speaker talks about top companies like Amazon and Google that have stopped or reduced hiring, affecting the job prospects of fresh graduates.
• 💼 The script mentions that even companies known for offering high salaries to freshers have become more selective, leading to a competitive job market.
• 📈 The speaker suggests that despite the challenges, there are opportunities in data science and related fields, encouraging viewers to explore these areas.
• 🌐 The video promotes a digital upskilling platform called 'Odin School', which offers courses in data science and provides industry-level projects and live classes.
• 💼 The script concludes by emphasizing the importance of following one's passion and not just pursuing a computer science degree for the sake of getting a high-paying job.

Q & A

What is the main issue highlighted regarding engineering students and job placements?

The main issue highlighted is that many engineering students, including those from prestigious institutes like IIT Bombay, are struggling to secure jobs due to the crowded job market and a perceived saturation in the software industry.

Why are students from non-computer science backgrounds aiming for jobs in the software industry?

Students from non-computer science backgrounds are aiming for jobs in the software industry because of the glamorization of coding and the belief that the IT industry offers better job security and higher salaries compared to other fields.

What impact has the recent economic recession had on tech companies' hiring practices?

The recession has led many tech giants, including companies like TCS, Amazon, and Atlassian, to freeze hiring or revoke job offers, significantly affecting job prospects for fresh graduates and interns.

What is the advice given to those interested in learning coding or computer science?

The advice is to not just follow the crowd blindly into coding; instead, explore other interests and skills that may align better with one's passion, as coding is not the only path to success in the tech industry.

What skills are recommended for staying relevant in the current job market?

Skills like data science, machine learning, and web development are recommended because they have high demand in the industry. It's important to build projects that showcase depth and originality rather than generic ones.

What are the benefits of platforms like Odin School mentioned in the script?

Odin School provides upskilling opportunities in fields like data science with industry-level projects, live classes, one-on-one mentorship, and full placement support, making it easier for both fresh graduates and working professionals to secure jobs.

What challenges are mentioned about following a career in software engineering?

Challenges include the industry's overcrowded nature, the pressure to learn coding even if it's not one's passion, and the reality that many of the skills learned, like complex data structures, are not often used in everyday development work.

How does the video script address the fear of AI replacing jobs?

The script acknowledges the fear of AI taking jobs but also highlights that AI is creating new opportunities in fields like data science, analytics, and machine learning, which offer promising career paths.

What does the script suggest about building a resume and portfolio?

The script suggests creating a simple, ATS-friendly one-page resume using platforms like Overleaf and emphasizes the importance of showcasing real projects and being active on professional networks like LinkedIn to stand out.

What is the core message regarding pursuing passion versus following the trend of coding jobs?

The core message is to follow one's passion and interests rather than succumbing to societal pressures to enter the coding or software industry. Success and happiness are more likely when one aligns their career with their true interests.