Monday, April 29, 2013

“Stability” & “lesser tensions” drive B-School grads to PSUs: Survey

PSU award-winners posing for a photo with President Mukherjee
IF THE outcome of industry lobby group Assocham’s recent survey is any indication, B-School students now prefer jobs at public sector undertakings and Central government departments. According to the survey results, the MBA degree holders are being attracted to public sector over private jobs because of…
factors such as “stability” and “lesser tensions” as against corporate sector, according to a statement released by Assocham last week.
The survey was conducted by Assocham under the aegis of its Social Development Foundation during the months of February and March, 2013. The cities in which respondents were interviewed included Delhi and NCR, Mumbai, Ahmedabad, Cochin, Bangalore, Hyderabad, Kolkata, Chennai, Indore, Patna, Pune, Chandigarh and Dehradun.
Most respondents said they wanted to join Central Public Sector Enterprises such as ONGC, IOC, NTPC, HPCL, BPCL, SAIL etc., according to the results. Delhi ranks first for preferring PSUs and central government jobs followed by Mumbai, Ahmedabad, Chandigarh, Hyderabad, Kolkata and Chennai.
Majority of B-school respondents felt that PSUs offer perks and good salary structure, besides giving huge medical facilities. On the top of those, there is a security factor, respondents said.
The survey results have however failed to answer some of the queries that do arise. First, how many of the B-School pass-outs who were interviewed for the survey belonged to the premier management institutes such as IIMs? Secondly, will they say “no” to a private sector job even if the remuneration is three times higher than that of the public sector? In other words, are they willing to join the government even as Google, or Microsoft, for example, is willing to offer them a job with an annual package of Rs 30 lakh? Thirdly, is the preference of a PSU job over private sector a temporary phenomenon in the backdrop of over-all economic slowdown and uncertainty?
Yet, if the increasing number of IIM-turned civil servants is any indication, it has been several years now that top B-School grads do take a year or two off to prepare for highly competitive civil services examinations. After all, their IIM degree will ensure that they can shift gears and join a top position in a private sector company at any point of their long administrative career.


  1. One of the newspapers today has an article saying that a management graduate from FMS bags an annual package of Rs 60 lakh in this year's campus interview. Do you want to mean that he won't take up that job and join a PSU instead? Absurd. No person with risk-taking abilities will join any PSU. My personal view. Maybe, subject to contradictions

  2. who says government job is without risks -- the CAG, The CVC , the CBI , The knee jerk reaction press and the hollow kejriwals

  3. Half of them are free riders who made it on the basis of reservation! Be a mard and fight on the battle ground without reservation!

  4. Isn't it a stinky affair to add the color of reservation to this news item. Do u hav any idea abt. the working culture inside PSU?
    Those without reservation are trying to gain maximum advantage from the job by not working upto the level they meant to be and exploiting the PSU by promoting the corruption of highest level.Corruption not just of monetary terms but of moral and ethical degradation.
    As far as performance of individuals r concerned it need not to be a function of RESERVATION. Among the high performers there are mixed batch of general and reserved.
    One cannot become mard by humiliating someone. As far as open competition concept is concerned I have been selected as GENERAL in the top PSU and many from reserved are increasingly getting selected as general category. this shows the declining gap between the two classes.
    We should work towards mitigating the gap through positive means rather than recreating the past by increasing the animosity among the diverse group. If u hav a positive, integrating and amicable solution for the reservation problem of the country then better bring it to the public instead of indulging in the petty blogging.
    P.S.: I have resigned from the job and now working to settle abroad as there is no point of staying in a country which is full of persons which holds psychic disorientation towards different groups. Inside a PSU too there are daily discussion on Reservation issue. For ur clarification i wud like to mention a fact that i am only first genration of professional in my family with my dad 8th class and mom 10th pass. Reservation is so sensitive a issue that i often tries to ignore at any platform. this being my first where i hav spoken. Having said that I wud never want my next gen. to b born in this hell where apathy continues to flourish at length and breadth.

  5. I am working in PSU right now. I am from IIT and I AM ASHAMED THAT I JOINED PSU.But as soon as my bond period is finished, I will leave this PSU.
    IF YOU ARE FROM IIT, WHETHER YOU ARE SC OR GENERAL, DO NOT JOIN PSU. It is for those who dont want to work. And being an iitian I cannot help but work. In working and getting results I find happiness.