With 93.5% Placement Rate, Software Engineers Get 120% Hike In FY 2021-22

With each passing day, the world is moving another step closer to a wonder of industrial development and infrastructure, not only in cities but also in rural areas. With an alarming increase in scope for engineers, it has been estimated that almost 12 million vacancies for engineers will be released within the next 5 years. 

Leading job titles in India

A recent report from The World Economic Forum ended with the conclusion that the top 5 emerging jobs in India include Software Engineers, Data Analysts, Specialists in Marketing, Data Scientists as well as Engineers skilled in Machine Learning.

As witnessed by recent technological booms and industrialisation as well as the increasing hiring drive in Indian colleges, it is no doubt that the IT Sector has proven to be very sound. With upcoming updates in technology and development, software engineers’ requirements are increasing dramatically. Students currently pursuing relevant IT courses or any other Software engineering courses are likely to have a boom in their career trajectory by 2030.

Increasing performance of the Engineering sector

Smart and reliable operations have remained the top priority for engineering giants in FY 2021-22. Engineering students have been selected for a number of specialised roles in order to improve project delivery and process performance. A 300 percent increase in hiring for engineering job roles in 2021-2022 has been witnessed.

Almost 17% of graduating engineers have been hired from Delhi, Mumbai and Kolkata while 15% of engineers have received attractive opportunities at Bangalore, the “Silicon Valley of India”.

Salary chart of Software Engineers (experience-wise)

A report from KPMG stated that Software Engineers have achieved growth levels of up to 126% in their salary after upskilling through Scaler. Coursera, an educational platform stated that 13.6 million learners have registered on their platform and the highest demand is for Software Engineering Courses, as per their Campus skill report 

Another report from Tech World Times states that software developers have a global community of more than 26.4 million software developers, making software development a mainstream career option in India. Furthermore, according to a global report by McKinsey, job profiles that witness immense opportunity after an experience of 3 - 5 years are System Software Developer, Security Engineers, Application Software Developer and QA Engineers.

Highly-skilled workers in the tech industry, such as full stack engineers, data scientists, data engineers, and backend engineers, are still in high demand, according to recruitment agency Xpheno.

Newly-funded startups should anticipate offers in the range of 15 percent to 120 percent, depending on the talents and role available.

Incumbent IT service providers and GCCs are projected to give moderate rises, ranging from 5% to 14% for the same skills.

Salary Chart for Software Engineers in India

Leading with the highest number of software engineers, the US is currently the largest IT giant, followed by India in the 2nd place with 5.8% Software engineers employed here. “India will have the largest population of Software developers by 2024”, stated in a report by Findly.in.

Jobs for Software Engineers

The Software Engineering Courses offers jobs at various job profiles. Some of these notable profiles are Software Developer, Senior Software Engineers, IT Consultant, Team Leader IT etc. Packages for the profiles vary from INR 7 Lakh to INR 20 Lakh, which completely depend on the experience they have. 

Capegemini, Accenture, Cisco, Infosys, and TCS are just a few of the well-known companies that hire a large number of software engineers each year.

The remuneration packages available range from INR 4 lakh to INR 20 lakh, with attractive additional benefits.

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