|PSU award-winners posing for a photo with President Mukherjee|
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.