Jobs in e-comm sector in demand among B-School, engg graduates
Jobs in e-commerce Sector in Demand Among B-School, Engg Graduates. Engineering and B-school graduates are opting for jobs in the e-commerce industry over sectors like FMCG, consulting, financial services and infrastructure, according to a poll by Assocham.
New Delhi: Engineering and B-school graduates are opting for jobs in the e-commerce industry over sectors like FMCG, consulting, financial services and infrastructure, according to a poll by Assocham.
"The number of intakes by the e-commerce sector from the various B-schools and engineering colleges has gone up by 65 per cent this season over last year (35 per cent)," Assocham Secretary General D S Rawat said.
The survey sample included over 500 students from various B-schools, including IIMs, BITS, ICFAI Business School and Symbiosis Institute of International Business (Pune). The survey was conducted between September and October 2014.
Over 71 per cent respondents preferred e-commerce sector and even aspire to become first-generation successful entrepreneurs by investing in the sector, the survey said.
The e-commerce industry has experienced unprecedented growth with its total revenue increasing over 60 times between 2010 and 2014.
Nearly three million Indians work in the e-commerce sector, whereas 18 million jobs are created in other sectors as a result of e-commerce operations like marketing, IT, logistics and payment services.
E-commerce companies are offering nearly Rs 10-25 lakh annual package, higher than the average starting salary of Rs 4-7 lakh in the private sector for fresh engineering graduates and others, the poll showed.
The survey also revealed that fresher packages are around Rs 2-3.5 lakh per annum for roles like customer service representatives but for other management and technical roles, the starting package would be anywhere between Rs 8 lakh and Rs 14 lakh per annum.
Estimated to be a USD 3 billion segment, the Indian e-commerce sector has been growing at a massive pace with players like Snapdeal and Flipkart raising funds from a range of investors. Also, world's largest online retailer Amazon has committed investment of USD 2 billion in the country over the next few years.
A report by consulting firm Technopak pegs the USD 2.3 billion e-tailing market to reach USD 32 billion size by 2020.