India’s Worst IT Job Market Explained

Summary

The video script discusses the current challenges in the Indian IT industry, where an oversupply of engineers from subpar colleges has led to stagnated fresher pay and high unemployment rates. It highlights the historical IT boom driven by IBM's entry and exit, the rise of Indian IT firms, and the Y2K crisis. The script emphasizes the need for quality education and strong placement networks, contrasting the success of IITs with the struggles of lesser-known colleges. It concludes by advocating for leveraging networks, skill acquisition, and adapting to market demands to ensure a return on educational investment.

Takeaways

• 📚 The script discusses the current challenges in the Indian IT job market, including stagnation in fresher's pay and the widening gap between CEO and entry-level salaries.
• 💼 The IT industry is experiencing a significant shift, with top firms like Infosys, TCS, and Wipro facing layoffs and a reevaluation of their hiring strategies.
• 🏫 The script highlights the issue of subpar education from many engineering colleges, which are producing an oversupply of below-average engineers.
• 📈 The video emphasizes the importance of 'leverage' in the job market, suggesting that individuals should seek to gain leverage through networks, skills, or entering new fields.
• 🚀 The historical context of India's IT boom is provided, starting from IBM's entry and exit from India, the rise of Indian IT startups, and the Y2K crisis that created a global demand for programmers.
• 📉 The script points out that the demand for IT jobs is not necessarily reduced, but the supply of talent has inflated, leading to increased competition and lower starting salaries for freshers.
• 🤖 Concerns are raised about the impact of AI tools on the job market, suggesting that the situation may worsen if the quality of engineering graduates does not improve.
• 🎓 The value of a strong educational brand and network is underscored, with IITs being highlighted as institutions that still provide significant leverage to their students.
• 🛠️ The script criticizes the lack of practical training and industry relevance in many engineering curriculums, which leaves fresh graduates ill-prepared for the job market.
• 💡 It is suggested that individuals should seek education and training that provides a strong return on investment (ROI), ensuring that their educational expenses lead to worthwhile job opportunities.
• 🌐 The importance of adapting to market forces and being early or innovative in one's career choices is stressed, as the traditional paths may be oversubscribed and less rewarding.

Q & A

What is the main issue discussed in the video script regarding the IT job market in India?

The main issue discussed is the oversupply of IT graduates, particularly from lower-tier colleges, which has led to a stagnation in fresher's pay and difficulty in securing jobs, contrasting with the significant increase in CEO pay in top IT companies.

What percentage of engineering students did not get a job through campus placements in 2017 according to the All India Council for Technical Education?

In 2017, 38% of engineering students did not get a job through campus placements.

How did IBM's exit from India in 1973 impact the local IT industry?

IBM's exit left a gap in servicing and maintaining their mainframe computers, which Indian startups like HCL, Wipro, Infosys, and TCS filled by starting with mainframe services and eventually transitioning to software development.

What was the role of the Y2K crisis in the Indian IT industry's growth?

The Y2K crisis created a huge demand for programmers skilled in COBOL, a demand that the US could not satisfy due to a lack of recent training in the language. This provided India an opportunity to showcase its expertise and further establish itself as a software outsourcing hub.

What is the current state of campus placements for engineering students in India?

Campus placements have become increasingly difficult, with a significant number of students from tier 2 and tier 3 colleges facing challenges due to a lack of quality education, poor networking, and a saturated job market.

How has the increase in the number of engineering colleges in India affected the quality of graduates?

The proliferation of engineering colleges, especially those without strong industry connections or quality education, has led to an oversupply of below-average engineers, which has negatively impacted the job prospects for fresh graduates.

What is the significance of the brand and network of a college in securing job placements?

A college's brand and network are crucial for securing job placements as they provide leverage to students by connecting them with potential employers and offering opportunities that may not be available otherwise.

What is the role of AI tools in the current IT job market scenario?

AI tools are getting better and are expected to increase the demand for high-quality engineering talent while potentially exacerbating the issue of below-average engineers struggling to find jobs.

How does the script suggest that the concept of 'leverage' applies to the job market?

The script suggests that in a job market with an oversupply of talent and low demand, individuals with leverage, such as a strong network or unique skills, have a competitive advantage.

What advice does the script offer to individuals looking to improve their job prospects in the IT industry?

The script advises individuals to seek out education and training that provides leverage, such as strong industry networks, or to enter new fields where demand is high and supply is low.

How does the script describe the evolution of the IT industry from the 1970s to the present?

The script describes the IT industry's evolution from the era of mainframe computers and the influence of IBM's presence and exit, the rise of Indian IT startups, the impact of the Y2K crisis, to the current challenges of an oversupply of IT graduates and the advent of cloud software.

Outlines

00:00

📚 The Shift in IT Industry Dynamics

This paragraph discusses the current challenges in the IT industry, focusing on the disparity between CEO and fresher pay scales, the impact of market forces on job placements, and the stagnation in fresher's pay despite the increasing cost of education. The script highlights the issue of oversupply of engineers, especially from Tier 3 colleges, and the pressure they face due to limited job opportunities and low starting salaries. It also touches on the role of Aevy in providing video editing cohorts, which have a high placement rate and better starting packages compared to traditional IT companies.

05:00

🛠️ The Evolution of India's IT Industry

This section delves into the historical development of India's IT sector, starting with IBM's entry and exit from India, the subsequent rise of Indian startups like HCL, Wipro, and TCS, and the transition from mainframe computers to software development. It discusses how India capitalized on the global demand for COBOL programmers during the Y2K crisis and the subsequent growth of the IT industry, leading to India becoming the 'back office of the world.' The paragraph also addresses the current challenges of oversupply of engineers and the need for quality education and training.

10:01

🏛️ The Decline of Engineering Education in India

The paragraph examines the decline in the quality of engineering education in India, particularly in Tier 2 and Tier 3 colleges. It discusses the lack of infrastructure, poor placement records, and the absence of industry connections that were once provided by these institutions. The script also criticizes the complacency of these colleges and their inability to adapt to the changing technological landscape, resulting in an oversupply of below-average engineers and a lack of job opportunities for fresh graduates.

15:02

🎓 The Importance of Leverage in Education and Employment

This final paragraph emphasizes the concept of leverage in the context of education and employment. It argues that traditional colleges are no longer providing the necessary network and brand value that they once did, and that students are seeking more from their educational investments. The script promotes the idea of cohorts and specialized training programs that offer direct industry connections and placement opportunities, suggesting that these are more valuable than a traditional degree in the current job market. It concludes by encouraging individuals to seek leverage through new fields or by acquiring skills that are less saturated and more in demand.

Keywords

💡Consignment

A consignment refers to a shipment of goods or a delivery of items that are entrusted to a person or company, usually for sale or distribution. In the context of the video, it likely refers to the arrival of a batch of goods or materials necessary for the operations discussed, such as starting a new college or managing a business.

💡Faculty

Faculty in an educational context refers to the staff of a school or college who are responsible for teaching and research. The video script mentions the challenge of sourcing faculty for a new college, highlighting the importance of qualified educators in establishing a successful institution.

💡M.B.A

An M.B.A (Master of Business Administration) is a postgraduate degree that focuses on business administration. The script mentions an individual who has completed an M.B.A, emphasizing the value of higher education in business and management, and how it can contribute to professional opportunities.

💡Job Placement

Job placement refers to the process of securing employment for individuals, often through college career services or recruitment agencies. The video discusses the importance of job placement in the context of college education and the challenges faced by graduates in finding employment, especially in a competitive market.

💡Campus Placements

Campus placements are recruitment drives conducted by companies on college campuses to hire fresh graduates. The script highlights the decline in campus placements, indicating a shift in the job market and the challenges faced by engineering students in securing jobs right after graduation.

💡Supply and Demand

Supply and demand is an economic principle that describes the relationship between the quantity of a resource that producers wish to sell and the quantity that consumers wish to buy. The video uses this concept to explain the fluctuating job market for IT professionals, where an oversupply of graduates has led to increased competition and stagnation in salaries.

💡Stagnation

Stagnation in economics refers to a period of little or no growth in a business, economy, or industry. The video script mentions stagnation in the context of fresher's pay in the IT industry, illustrating how the salary for new entrants has not increased significantly over the years, despite the rising cost of living and education.

💡COBOL

COBOL (Common Business-Oriented Language) is an English-like computer programming language that is used primarily in business, finance, and administrative systems for companies and governments. The video discusses COBOL as an example of a skill that was in high demand during the early days of the IT boom in India, highlighting the historical context of technology and job markets.

💡Y2K

Y2K (Year 2000 problem) refers to the technical issues that arose due to the way years were stored in computer systems with only two digits. The video mentions the Y2K crisis as a catalyst for the demand for programmers, as it created a need for skilled workers to update and fix systems to prevent failures at the turn of the millennium.

💡Cloud Software

Cloud software refers to applications that are hosted on remote servers and accessed over the internet, rather than being installed locally on individual computers. The video discusses the transition of Indian IT companies from creating traditional software to cloud-based solutions, which allowed them to stay relevant and competitive in the global market.

💡Leverage

In the context of the video, leverage refers to the ability to use a small amount of effort or resources to move or lift something much heavier or to achieve a desired outcome. It is used to explain how individuals or businesses can gain an advantage or increase their effectiveness, such as through networking, education, or strategic positioning in the job market.

Highlights

The Indian IT industry is facing a significant shift due to the disparity between CEO and fresher pay scales.

The stagnation in fresher's pay in the IT industry is causing dissatisfaction among engineering graduates.

A sharp increase in the number of unemployed engineering graduates due to insufficient campus placements.

The role of market forces in shaping the demand and supply of IT jobs and their impact on salary packages.

Aevy's success in placement for video editing cohorts, highlighting the power of market demand for skilled video editors.

The historical context of India's IT boom, starting with IBM's entry and exit from India, and the rise of Indian IT startups.

The transition of Indian IT companies from mainframe computers to software development and cloud services.

The Y2K crisis and its role in creating a global demand for programmers, which India was well-positioned to fill.

The growth of India's software exports from the 1990s to the present day, reaching $178 billion.

The issue of oversupply of engineers in the market due to the proliferation of subpar engineering colleges.

The decline in the quality of engineering education and its impact on student employability.

The changing landscape of IT job opportunities and the challenges faced by fresh graduates in securing placements.

The importance of leverage in the job market and how it affects the earning potential of individuals.

The role of branding and networking in securing job placements and the value of a strong educational institute's reputation.

The need for a paradigm shift in educational institutes to focus on quality and placement rather than just expansion.

The potential of artificial intelligence and the ongoing importance of a strong foundation in computer science.

The advice for individuals to seek leverage through skill development, networking, or entering new fields with less competition.

Transcripts

yes boss, the entire consignment is here.

yes sure, we’ll meet soon.

Greetings, Greetings, Greetings, Greetings

was thinking of opening, a new college.

for sure, we will.

but from where will we bring the faculty?

Sir, Tea.

Hey, we have this guy na!

He’s done M.B.A from D.N Nagar college.

Wow, amazing!

very good, very good, very good, very good,

go bring my sugar free biscuit.

This teacher and all is fine,

but what about job placement?

Elections are coming na...

i’ll send them.

Internshippp....

You had pult out,

at the beginning of the year that you will hire

40,000 freshers

Is the target still?

The top 3 firms Infosis, TCS and Whipro,

have fired almost 25,000 people,

in the last six months.

we’ll be recalibrating or hirings

our hiring numbers are going to be less

compared to over attrition.

I.T firms are going through a serious makeover,

is this a joke?

hand over

Take a look at this chart.

This is the C.E.O annual pay

of Indian IT companies,

especially, the top 6 ones between 2012 and 2022.

As you can see for Infosys,

2012 sallery was 80 lakhs

Today its nearly 80 crores.

But at the same time

contrast that to freshers annual pay.

In 2012, freshers were paid 2.75 lakhs/anum.

In 2022, they were paid just,

3.6 lakhs.

The bump in C.E.O’s pay,

is this much

and the bump in fresher’s pay.

is just this much.

And that fundamentally is why

a lot of engineers and pressure

from colleges today,

especially the tier 3 colleges,

are upset about the wall has been.

The world has change,

And in this video we are going to unpack

why exactly this is happening

See, we all have heared people around us,

speaking about how their nephew,

niece or cousin got a great package at X,Y, Z company

even colleges these days, post about big tech companies are tired

that hire from them.

I.T jobs have considered to be hot and trendy

3-4 decades now,

but the present scenario is not the same.

The main reason for this package, in a nutshell,

is ‘supply’ and ‘demand’.

Sorry, but market forces apply everywhere,

including I.T jobs.

According to data from All India Council for Technical Education,

38% of engineering students did not get a job

due to campus placements in 2017.

In 2018, that number rose to a staggering 58%.

The data for the covid years is not yet out,

but it's probably much worse than that.

You see a fresher’s pay in the IT industry has stagnated

and especially when they're writing software for a company

that employs 20000 to 30000 people.

Now, Imagine the state of the student,

they are spending 4 years, attending classes,

studying for exams, doing assignments, all with the hope

that at the end of all this, maybe they land a solid package.

Only to realize that the annual salary

is not worth the four years of effort they put in.

See, we at Aevy, also do video editing cohorts.

And we have put in insane amount of effort to make sure

whoever wants placement

gets pleaced.

In fact in our 3rd cohort

90%+ of people who took up placements, actually got a job.

And I am not lying.

A lot of them are getting higher salary packages

than the average starting packages

at most of these IT companies.

Now, I'm not blowing our own trumpet.

We are fully aware that this is also a function

of market forces in action,

but that's what it is, right?

The market is brutal like that.

There's a lot of demand for video editor

because suddenly a lot of these large companies are going out

and creating their own channels and content and at the same time

there's not enough quality supply.

Now this equation has reversed

in the case of software engineers,

especially one’s for doing entry level IT jobes.

And this is all thanks to random engineering colleges,

pumping out below average engineers.

See, what A.I tools getting better,

my worry is this will only get worse.

But let's understand the context and figure out,

how India actually got here.

So, how did India start exporting

software to the world in the first place?

See India’s I.T boom, can be pointed towards the major events?

Three major events.

The very first event was IBM's entry into India.

After India's independence,

Jwala Nehru invited IBM to set up operations in the country.

now if you are young.

The IBM name might not mean much to you.

You probably don't even recognize it,

but IBM was one of the biggest tech companies in the world.

IBM use to make mainframe computers.

These mainframe computers took up entire rooms

and used to cost around 25 lakhs in 1970.

They were mainly for large data processing

and transaction handling.

By the 70’s India had a few hundred of these installed

specifically in banks and the Education Institute

and some government agencies.

But, the question is who was operating these?

See, regular people back then

didn't know how to use these computers.

The demand for the skills to operate mainframe computers

had just started increasing

and the supply was literally nonexistent.

This was

the first

wave of

demand

that IBM's

computers

had created

for computer

operators

and programmers,

who knew

Common Business

Oriented

Language

called COBOL,

you probably

don't know COBOL

because it

is so old.

For example,

see this old

times of India

ads that

claim

that 500,000

programmers

were needed in

the next

few years,

and when there

is demand

for jobs,

it's a ripple

effect

is that it

creates

a supply

of educational

institutes

training

people for

these jobs.

And this is

especially

true back

then because

it was

not possible

to self-learning

computer

science

where nobody

had computers

in their hands

all the time.

You needed

a college,

you needed

a specialized

space

and you

needed special

equipment

that nobody else

had.

And that is

why

colleges

could have

this monopoly

and say,

Well,

you come

over.

We will teach you

a skill,

only

we know

how to do,

so that you can go

get jobs

that nobody

else can get.

Now, the second

part of this is

IBM's

exit.

In 1973,

IBM’s path in

India took a

completely

different

turn where

India’s

Foreign

Exchange

Regulation

Act was

introduced.

According

to the New

York Times,

this act

required

most

foreign

companies

to divest

or get

rid of

majority

or 60% of

equity of

their subsidiaries

to Indian

shareholders

by the end

of 1977.

So, IBM had

two choices

now, either

list the company

in India’s

stock market

or divest

shares

and make the

majority

shareholder

an Indian.

IBM choose

a third

option,

they left

India.

At a later

point

they came

back,

but

IBM had

left

behind

a problem.

Who on

earth

would service

and maintain

their mainframe

computers?

Like

they say

“Necessity

is the

Mother

of all

Inventions”

By the 1980s,

Indian

startups

like HCL

came out

and then

followed

by the wave of

Wipro,

Infosys

and TCS,

where they

started

with mainframe

computers

and then eventually

migrated

to software.

You see, software

back then

wasn't

like the software

we have

now.

You would have

to put it in

your computer

either

with the floppy

disk or

with the CD.

So, not only did

the software

have to be

created, it also

needed to be

distributed,

and it was

also

very hard

to learn.

a lot of people

in India,

people like

Narayan

Murthy

realised

there is an

opportunity

to create

a League

of Good

Software

Engineers

here who could

export

their skills

as a service

to companies

across

the world

where these

companies

handle

the distribution

of their software

and they contract

the

companies

in India

to do it.

But, as

we all know,

software

didn't

really get

stuck behind

offline.

It didn't

get stuck

being on a CD

ROM drive

or a floppy

disk. It went

online.

There was a birth

of cloud

software.

And TCS,

Infosys,

Wipro,

they suddenly

found

themselves

excellently

positioned.

They had

a legion

of old school

software

developers.

But as most of

you who are

software

developers

know, it's

not very

hard to

transition

from writing

code

that operates

locally

to writing

code that

operates

on the cloud.

So they used

the same

skill

and started

developing

cloud

software

for many of

these businesses

across

the world.

And therefore,

India

sealed its

position

as the

back

office of

the world.

Now the third

catalyst

was the global

crisis

called

Y2K.

As the word

transitioned

from the 1900

to 2000

people were

worried that

systems

using two

digits

for years

might

mistake

2000

for 1900

which seems

trivial

now, but

a wrong

date on

a computer,

especially

in banking

systems

could be a

massive

disaster.

People

were literally

losing

their minds.

In fact,

even the U.N.

got involved.

And once again,

there was a

huge

demand

for programmers.

This time

though

US wasn't

actually

able to

satisfy

this demand

because at

this point

they had moved

away from

teaching

COBOL

and because US

colleges

had stopped

teaching

it, India

found

the opportunity

again.

This is one of

those places

where India

being slightly

stuck in the past,

or at least with

Engineering

colleges,

because

they

were able

to write

code in

COBOL

and they had

already

adapted

to the IBM

computers.

So you see,

there was a lot

of demand

and people

across

the world

woke up

to the idea of

India

being

a place

that they could

actually

outsource

software

to. Leading

up to 2000s,

1996

onwards.

Indian

I.T. companies

started

solving

problems

for companies

like Ford,

American

Airlines

and Tobacco

Major

Philip Morris.

At this

time,

the demand

for programmers

was

absolutely

on steroids.

It was the

most mind

blowing

place to be.

So Computer

Training

Institutes

like NIIT

and APTECH

were running

special

courses to quickly

pump out

thousands

of extra

programmers

needed.

They weren’t

the ones

doing the

selling

to the end

company.

That was

Infosys,

TCS, Wipro

and whatnot,

but

they were

the ones

generating

the software

engineers

along with

many of

India's

colleges.

That said

that software

is going

to be important.

Let's

start teaching

this. By 1997,

India’s

software

exports

went past

the

Billion

dollar

mark.

And today

those exports

are worth

around

$178

Billion.

But right now

there's a problem.

This equation

is reversed,

see, it’s lot like

a balloon.

When you start

pumping

air into

a balloon,

there is a maximum size

it can grow up

to. But after

that, the

balloon

is going

to bust.

And I think

this is

where

we are at right

now, not

because the demand

for engineers

is reduced

over the last

three or four

years, but

because

our supply

has inflated

like anything

and the supply

is not

quality

supply.

Because you have

to understand

at this

rate, many of

these good

institutes

had come out,

it was actually

tough to

get computers

centers up

and running

and operational

20 or

30 years

ago. Having

Internet

access

at college at that

time

was considered

a very

big deal.

In fact,

when VSNL

first came

to India,

here was

the price

of what

they charge for

bandwidth.

Today,

the same

bandwidth

cost you

just this

much.

But over time, two things happen.

A lot of people were able

to self learn software.

They were able to learn it online.

So obviously supply increased.

At the same time,

many of the engineering colleges

grew complacent.

A lot of these real estate owners

in Tier two and Tier three, India

and I have a lot of this land.

I don't know what to do with it.

Let me put one teacher

here, let me get one approval

through corruption

and let me run a college.

This is a solid way to make money.

So did a bunch of new colleges.

And it turns out

that colleges provide

a lot of leverage to people.

At least in the early days

of computer science engineering.

The leverage

was I get access to this equipment,

I get access to professors.

who have worked with the IBM technology

that no one else knows how to work with.

And these people

will also put me directly in IBM

because they have

the relationships with IBM.

see but things is changed Now

the new age colleges

in literally these tier two uncles

who were just like,

I have land

don't know what to do with it,

didn't do any of these things.

And granted, zero

leverage to their students.

There was nothing in the college

that you couldn't learn yourself,

you couldn't learn online

and the quality was also unknown.

So they didn't have a brand.

And a final frontier of the college

of actually doing placements,

putting the person

directly into the company

because they had relationships

with the company,

had also started fading

because most of this tier

two or three

people simply aren't as well-connected

as they say

and more importantly,

they have let many of the recruiters

down in the past by supplying

subpart talent

Then the recruiter also grew tired of,

and they were like,

I am not going to come to this college

anymore.

In fact, I saw this picture

recently on social media.

The kid was complaining

that the first recruiter

in almost six months

had come to a college

and they were 600 people

sitting in the auditorium

applying for just five slots

that the company had opened.

It is absolutely ridiculous competition

and very little supply of jobs.

The thing is,

these people don't have a brand

or the network to actually support

these students

freshers are even claiming that

big firms like TCS,

infosys, wipro, tech mahindra and accenture

have delayed the onboarding recently

after issuing offer letters

nearly a year ago

and the terms of ridiculous

2.5 and 3 lacs annum of salary.

Many of these people have to sign bonds

and they're not even

doing the actual work

because many of them

are actually on a bench

because Infosys knows that

20% of people they hired

are going to leave every year.

So they need a bench

in case one person leaves.

They need to swap the person out.

Now, you know, it's easy

to blame an infosys or the tcs

but it's actually not really their fault.

We know how tech services

agencies are run

and it is a bit of a nightmare.

It is very hard to keep

both the client happy

as well as the employers happy

where from the from the day to day.

Whenever you decide

to shut down the agency,

you're basically going to be connecting

clients and talent in sight.

It is essentially a hard job,

you know,

have a lots of middle management.

You have to kind of presume

when somebody will quit

six months beforehand.

And obviously talent from colleges

is not really being trained.

So you also have to take the headache

of training all of them yourself.

All of the responsibility

and headache falls on the CEO's head

and if the ceo tommorow decides,

I don't want to do this,

even replacing him,

the cost of that

two months of replacing

that talent

means that the company

will lose

far more than ceo’s salary

if The CEO decides to do that instantly.

In the early 2000, companies

hunted for good talent

and tried to attract them

with great packages.

But when the supply today of talent

is many times and the requirement,

there's no incentive for i.t firms

to increase their pay.

On top of this,

the college network is also weakening.

And what are these?

Are colleges

do about that instead of them

improving professors

instead of them

improving their placement network

which are the hardest part it is as that.

Let me start one more.

Let me set another scene.

Let me start another vertical

because none of these people

are thinking long term.

In fact,

if you go to the origins

of the idea of college

itself,

college was a place

where the smartest people

in an industry came together and said,

we are about to retire,

let us teach other people what we know.

Right. And they partnered with entrepreneurs,

people who said, Fine,

you teach them all, you know,

and I will sell them to companies

so that every person is happy here.

The professors are happy

and paid me as an entrepreneur.

is paid

and the students

learning from you is also paid

because he's getting a job.

I mean, at this point

I feel like the only people

who are getting scam

are the parents

with everybody else, knows

teachers knows students knows

deans knows

And the parents,

unfortunately are doing it for status

simply because your dad and mom

want to go to the neighbor's house

and take

my kid is a computer science

and you know,

and my kid is working in a IT job.

And that one more thing

I need to touch upon with you.

see when i that many colleges in India

are not producing high quality

engineering graduates.

It is actually a fact.

Most people who walk away

thinking we are saying,

No, don't go to college at all.

That is not true.

These are very complex

and nuanced topics.

This college topic is interesting

because the network,

the brand, the placement, it all matters.

And its the reason

the iits are still kings in India

and having an IIT stamp on a degree

actually matters. How do we know this?

We have hired

multiple people in the past

and we speak to founders every day.

So I know that

almost everyone with IIT

always gets hired quick.

It is the truth.

What I am against

is that tier

three colleges

with the quality of content is bad

and they have absolutely

no placement network.

That is the problem.

See, don't

walk away from this video

thinking or it has no scope.

That is a weird thing to say

because no matter the success or failure,

every thing around you

is because of the wonders

of computer science,

your phone,

your TV,

even this video that you're watching

right now.

In fact,

the next era of artificial intelligence

is still going to be built

on the foundation of computer science.

So it is very obvious

there is scope here

where there is no scope

is what is still to be called it

that should be held to better standards.

When you think of college,

you are thinking this,

but that is not the average college

in India.

The average college in India

looks like this.

And this is the problem.

This is leading to below average

oversupply of talent.

In fact, if you can even you git today,

then you are in top 20

to 30% of engineers already

and you have nothing to worry about.

But believe it or not,

many computer

science graduates

who graduate from these colleges

that don't really care about them

are stuck.

I don't even know how to write code

or have any interest in it Now.

You might say

achina till now

you have spoken about The problem

What is the solution to all of this?

Because we've been struggling

with this problem for years.

So let me tell you, your options

there is a very interesting novel quote,

which says in this world now,

it is no longer

about skilled vs unskilled

white collar vs blue collar.

It is about leveraged

workers and unleveraged

when there's

too much supply of something.

And the demand is very low,

you don't have too much leverage.

It's funny, right?

A lot of people who come to

our Video editing cohort

they go out and say,

well,

the content must be worth

around, 7000 to 8000,

but they are missing the point.

You are not coming here

to buy the course content.

When you come to this cohort,

you are buying leverage,

you are buying AEVY’s

brand, you are buying are 250 plus strong

recruiter network.

You are not coming here

to buy the content

because sorry to burst your bubble,

the content is available freely online

if you really have

the motivation to look.

We have a great community.

There are a lot of people motivating you.

In fact,

you've just onboarded a performance coach

and we have lots of other things.

But at the New Education Institute,

at the core of it

all, you have to do placements perfectly.

Ultimately, people who are coming

are buying our network.

In fact,

look at the number of people

that have been hired

at different, different places.

This is the network.

This is trust

and this is essentially

what you are going to a college to do.

You're doing a transaction.

You're saying you're give me a network.

And if I get great skills that's amazing.

Would you give me a network?

You make sure I am placed

for the 2 lacs 3 lacs or ten lacs

or whatever

I'm spending on you becomes

worth it in n number of months.

You have an ROI

you have a return on investment.

In my years of hiring people,

I've met many people

who are asking people as ideas,

but they don't have the brand name.

So what you're looking for is leverage.

Big finance.

For example,

Warren Buffett had the same

when people are fearful, be greedy

when people are greedy, be fearful.

Now, what does this mean?

Wherever there is a crowd,

you don't make money.

You have to try and be early

or Go do something new or,

something that is less attractive.

less sexy.

It might have been attractive

five years ago

and maybe nobody is looking at it

now, but you will be surprised

how much money that makes.

Jobs are also a free market.

It's just like the share market,

but from a different lens.

And the way you win through

this is through leverage

and better planning.

You get leverage in

the thing that you're doing right now,

or you buy or borrow

leverage from somebody else

or enter a new field.

But everyone starts

in the same square one

and not enough

people have had time to gain

that leverage.

If you want to earn

My name of the achina Mayya.

Thank you for watching.