Lucrative Cheques, Incentives & Job Security: Monster India Decodes the IT Industry for Millennials

The past few months have been those of revival for several industries amidst the Covid-19 pandemic. According to Monster.com (a Quess company), the world’s first online recruiting platform and India’s leading digital career solutions provider, industries such as Banking/Financial Services, Insurance (BFSI), Production and Manufacturing, and Telecom/ISP have paved their way to recovery since the advent of the pandemic.

Adoption of technology across sectors redoubled while more and more companies transformed their organizational strategies and goals to accommodate the new normal. The need for skilling and upskilling reached a new high, with an increasing number of recruiters on the hunt for skilled professionals, in the wake of the Great Shuffle and the employment crisis in India. This was predominant in the IT sector in particular. Due to an increase in digitization, hiring became increasingly cutthroat. MNCs, traditional IT firms, start-ups, and GICs sparred for top tech talent leading to a gap in talent demand and supply.

While organizations are seemingly in a flux as they sway between attracting and retaining talent, the winners are undoubtedly the tech recruits of the country who have a greater say than ever before.  The youth of today, as they say, hold all the cards.

There has been a consistent rise in the demand for IT fresher’s (0-3 years’ experience) in India. Exclusive data from Monster Employment Index cites  showcase a consistent rise in the demand for young tech professionals peaking in the months of May, June, July and August’21 at 46%. While this growth curve slightly dipped in the month of October, it soon picked up again in the lag end of the year.

As the graduating batch sets forth into the workforce this year and deliberate their options, below are the top job roles in tech set to be the future of tomorrow, as per data from Monster India.

1. Dot Net/Java Developer

Net/Java continues to be most preferred skill among IT employers as they are considered to be titans for creating a large scale enterprise level application. Java is certainly one of the most popular languages in the software industry today due to being extremely versatile, platform-independent and coder friendly. On the other hand .Net entails high end data security.  These software professionals work on design and development of applications ranging from gaming to software design. The core fact remains Net/Java is essential to create high end features and dynamic enterprise apps, so the demand for these developers is certainly not going anywhere and according to the trends report released by Monster early in the year, .Net/Java developers earned one of the highest pay packets in the year gone by.

The key skills required for a java developer are Java j2EE, Hibernate, CSS, programming, .net, OOPS, Jquery, web frameworks (struts and spring).

The average salary range for new talent is quite competitive ranging from Rs.3, 53,625/- Rs.5, 85, 421/-  PA.

2. Data Scientist

We have data all around us. Organizational success is often defined as the ability to leverage the same to their advantage. This is when data science comes in, arguably the hottest skillset of all. These scientists are the ones who stride through the corridors knowing full well they are the difference between teams hitting their targets or hapless employees trying and failing. They simply help organizations make better decisions by uncovering patterns and trends through a fine tooth comb, forecast outcomes, keep up with the industry and most importantly make recommendations to the teams and senior staff.

The skill sets required for this profession are statistical analysis, Data Visualization, Python, R, Analysis, Big data and the average salary range is Rs.5,21,442-Rs7,23,452/- PA.

3. Full-stack Developer

Full-stack developers are the smart alecks of an organization: they are the ones who seemingly know it all and are completely abreast with the front and back end of an application. They have diverse skill sets, are annoyingly indispensable and create a user experience so seamless, the clients often do not look for anything beyond. They are the decision makers and visionaries, and the demand for these stars is not dying down anytime soon. Full-stack developers also deploy, debug and maintain servers and databases.

The skill sets required for full stack developers are  Backend, HTML, springboot, Java, Python, MySQL, jQuery, Angular, Front-end, Node.js. The average salary range falls between Rs.5, 13, 225/-  – Rs.7,12,245/-pa.

4. Cloud Consultant

We are in the midst of a talent drought and cloud skills seem to be leading the charge to an extent organizations are at risk for compliance, are facing bottlenecks conducting business and facing enormous security issues. The dearth of skilled professionals have increasingly become a corporate concern as the lack of talent is delaying cloud projects in India. Moreover, as the industry largely migrates to cloud native technologies, this gap is only set to widen. A cloud consultant plays an integral role in a project’s success and helps clients to develop leading-edge cloud computing technology solutions based on best practices in business process redesign and virtualization technologies.

The skill sets required to become a cloud consultant are Azure, Big data, Linux, Devops, AWS, Multithreading, ETL

The average salary ranges from Rs.2, 28, 855/- Rs. 4,15,358/- PA

5. Network Engineer

There has been a significant shift in the paradigm of the IT Profession and the demand for network engineers has seen a substantial increase in recent times. These engineers are the ones who make connection and communication much faster and efficient through troubleshooting administering security and implementing network infrastructures.

The skill sets required for Network Engineers are switches, VLAN, router, CCNA, Troubleshooting, CCNP, Firewall and the average salary range from Rs. 2,15,425 – Rs. 4,02,373 PA.