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According to a report by Aspiring Minds, published as findings of a survey probably first of its kind, conducted over around 60,000 graduates studying 3 year bachelors degree from all over the country, indicates that around 47% of those are totally unemployable for any kind of job in the country. The inferences were drawn from conducting an exam – Aspiring Minds Computer Adaptive Test (AMCAT).
The analysis indicates that the employability of graduates varies from 2.59 % in functional roles such as accounting, to 15.88% in sales related roles. and 21.37% of roles in the business process outsourcing sector.
The 47% which were found to be totally unsuitable for employment were found to posses extremely poor knowledge of English and lacked in cognitive skills.
Employability varies from role to role based on varying degrees of proficiency required in language and cognitive skills. For an analyst role, close to 84% of graduates were found to lack the right levels on cognitive ability. A significant majority 90% graduates of those surveyed did not have required proficiency in English communication. Another interesting fact brought out of the survey is that over 40% employable graduates are not from top 30% colleges and have no way to show their employability to potential recruiters.
As much as 41% of graduates employable in accounting roles hail from colleges beyond the top 30% colleges, whereas for the IT services sector this percentage is 36%.