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

SayShank

13 Aug 202411:24

Summary

TLDRThe 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.

Outlines

00:00

🎓 The Challenges of the IT Job Market for IIT Graduates

The paragraph discusses the difficulties faced by IIT Bombay graduates in securing jobs despite being from a prestigious institution. It highlights the broader issue of unemployment among engineering students across India, emphasizing that the problem is not limited to IIT Bombay. The speaker points out that the perception of engineering, particularly computer science, has shifted towards software engineering, leading to an overemphasis on coding skills. The paragraph also touches on the speaker's personal experience as a software engineer and content creator, and how the industry's demand for software engineers has led to a saturation in the job market. The discussion includes the impact of the COVID-19 lockdown on job hiring, with a focus on how companies like Amazon and Google have altered their recruitment strategies, leading to a freeze on campus placements.

05:02

💡 Pursuing Passion Over Forcing a Career in Coding

This paragraph emphasizes the importance of pursuing one's passion rather than forcing oneself into a career in coding. It tells the story of a student who, despite getting into IIT Bombay, found no interest in computer science and switched to physics at MIT. The speaker advises learning and exploring based on one's interests rather than societal pressure. The paragraph also discusses the practical aspects of job hunting, such as the importance of data structures and algorithms, and how market requirements have evolved. It suggests that learning web development can be a practical step for those looking to enter the tech industry, and provides advice on how to stand out in a competitive job market, including building a strong portfolio and leveraging social media.

10:04

🚀 Following Your Passion Leads to Fulfillment

The final paragraph reinforces the message of following one's passion, using the speaker's own experience as an example. It contrasts the pursuit of a computer science degree with the pursuit of happiness and personal fulfillment. The speaker encourages listeners to consider their interests and not to feel obligated to complete a degree in a field they do not enjoy. The paragraph concludes with a call to action, encouraging viewers to like and subscribe to the speaker's YouTube channel and to connect with the speaker on LinkedIn for further advice and support.

Mindmap

Keywords

💡Software Engineer

A software engineer is a professional who applies the principles of software engineering to design, develop, maintain, test, and evaluate complex software systems. In the context of the video, the speaker mentions being a software engineer and discusses the job market for such professionals, indicating that it's a core theme of the video.

💡Content Creator

A content creator is an individual who produces various forms of content, typically for online platforms like YouTube. The script mentions the speaker as a part-time content creator, highlighting the trend of professionals diversifying their skills and income sources.

💡YouTube

YouTube is a video-sharing platform where users can upload, share, and view videos. The video script references YouTube as the platform where the speaker has a channel with 5000 subscribers, indicating the role of social media in personal branding and career development.

💡Placement

Placement refers to the process of securing a job or internship, typically for students after completing their education. The script discusses the challenges of placement for students, particularly in the context of the IT industry, showing the video's focus on career opportunities and challenges.

💡Coding

Coding is the process of writing computer programs in a specific programming language. The video script emphasizes the glamorization of coding and computer science, suggesting that it's a significant aspect of the IT industry and a skill that many aspire to learn.

💡Recession

A recession is a period of negative economic growth that lasts for at least two consecutive quarters. The script mentions the impact of a recession on job hiring, indicating the video's exploration of economic factors affecting the job market.

💡Data Science

Data science is a field that involves the analysis and interpretation of complex digital data, often using statistical techniques and machine learning. The video script suggests that data science is a growing field with high demand, encouraging viewers to consider it as a career path.

💡Web Development

Web development is the process of creating websites or web applications. The script discusses web development as an entry point for those looking to break into the IT industry, highlighting its relative ease of entry compared to other fields.

💡LinkedIn

LinkedIn is a professional networking platform used for connecting with other professionals, job searching, and career development. The video script encourages viewers to connect with the speaker on LinkedIn, emphasizing the importance of networking in professional growth.

💡Resume

A resume is a document used by individuals to present their skills, experience, and education to potential employers. The script mentions creating a resume and the importance of tailoring it to stand out, which is crucial advice for job seekers in the competitive IT industry.

💡Interest

Interest in this context refers to an individual's passion or enthusiasm for a particular subject or field. The video script encourages following one's interest, suggesting that personal passion is a key factor in career satisfaction and success.

Highlights

A 24-year-old software engineer from IIT Bombay is currently standing in Hyderabad and has recently hit 5000 subscribers on YouTube.

IIT Bombay has 36 students who have not received job placements on campus, indicating a broader issue across IITs.

The speaker emphasizes that the job crisis is not limited to IIT Bombay but is a widespread issue affecting the entire batch of 2024.

The speaker discusses the societal pressure and glamorization of computer science, leading many students to pursue it regardless of their actual interests.

The video highlights the challenges faced by software engineers, including the high expectations and the reality of the job market.

Despite the lockdown, the tech industry has seen a shift in hiring practices, with companies like Amazon and Google changing their recruitment strategies.

The speaker shares personal experiences of receiving job offers and the importance of internships in securing full-time positions.

There is a discussion about the importance of learning coding and the impact of AI on the job market, suggesting that while some jobs may be automated, new roles are also being created.

The video introduces Odin School, a digital upskilling platform offering courses in data science and other fields, with industry-level projects and live classes.

The speaker recommends that those interested in data science should explore Odin School's courses, which are designed to make students industry-ready.

The video explains the benefits of web development as a field, including its relatively easier entry point compared to other computer science fields.

The speaker advises on how to stand out in the job market by building a strong portfolio and hosting personal projects online.

The importance of following one's passion and not just pursuing computer science for financial reasons is emphasized.

The video concludes with a call to action for viewers to follow their interests and not feel limited by societal expectations or the fear of failure.