Masters of Business Management or MBA is one of the most popular course choices among students in India. Almost every other student irrespective of their previous academic background aims for an MBA degree. However, the question that troubles them the most is what to do after MBA? It's not they don't know what job profiles to apply for as there are various departments that they can opt for ranging from finance, accounting, business development and others. The main dilemma they face is when deciding whether to go for a private sector job or a public sector job? Needless to say that the pay and benefits of a government job always score over those of private jobs thereby attracting a plenitude of government jobs for MBA graduates. So, before you put hard work in getting a government job, consider the points mentioned below to take a wise decision.
Entry-Level Job Scenario
For entry-level jobs, State or central government offer satisfactory salaries to the graduates. One must not expect a salary that has staggering digits to fuel the aspirations. According to the recent data gathered from a project with the Department of Post on recruitment for the positions of postman and mail guard was surprisingly unprecedented. “Minimum education criterion for the posts was Class X or XII. The salary was up to Rs. 20,000!” reported by The Hindu.
Perks and Benefits
The perks and benefits associated, like a maternity benefit or a medical benefit, government organizations are better off than the private sector. This is undoubtedly true. If we look at the downside of the government job in terms of salary and other benefits, it is found that salaries in the governmental entities are satisfactory only at the entry level. Many years down the line, the salary seems to stagnate with the much hyped benefits. Compared to the private officials, the government's officials are generally on the lighter of their pockets because private professionals now receive better payments.
A competent employee, working for a private company, can move up to the level of AVP or VP within 15 years. However, an employee in a government organization, in 15 years, may become a senior clerk or superintendent, earning just one-third of what an employee in a private organization earns. So, a job that provides an attractive salary today will become a liability within 10- 15 years. Competent employees get frustrated when their merit is not recognized and duly rewarded. A career in the private sector may be tough in the initials stages, but over a period, it earns good rewards for those who are worth it.
Job Security vs. Accountability
Government jobs are no longer cumbersome and unregulated perhaps with the changing policies; it has led to more transparency and accountability. The non-performers who entered the organization with the sole aim to accumulate and increase figures of the bank accounts are now indulged into deliberate policies to overcome their usual performance for enhancement of efficiency. However, an MBA graduate, on the other hand, should give a thought to the fact that why he needs to work in the hierarchy of governmental organization. A brief cognitive analysis will then aide to conclude on the larger motive or goal to act as a driving force throughout the process of achieving the goal. The current digital age has enhanced more accountability than it was in years of negligent government. To check corruption and inefficiency the working of the governmental organization have become more vigilant.
Competency is Rewarded
Department of Personnel and Training has already come up with detailed guidelines to deal with non-performers and officers of doubtful integrity. This means, now, government employees not performing their duties duly, misbehaving, and taking work casually can no longer hold on to their jobs. On the other hand, unlike earlier, the government is creating contractual roles, based on human resource necessary for a specific project. For example, the Bihar Rural Livelihood Promotion Society hired personnel for positions ranging from social worker to a director on a contract basis. So, not all government jobs will be ‘permanent’ anymore. In addition, the government is considering outsourcing some of the jobs to the private sector.
ADVANTAGES & DISADVANTAGES OF GOVT. JOB
Jobs in government and private sectors come with a few added merits and demerits
Job seekers must choose based on their risk appetite. For most middle income Indians, there has been one perpetual predicament – whether to go for a private sector job or the government sector job. In last couple of decades, private sector jobs came in limelight, before which Government job was the ultimate prize for a job seeker. It seems like we are back to the times where Government jobs are starting to get attractive again. Although the government jobs have often been seen as the one with relatively lesser monetary benefits but with the advent of 7th pay commission, the scenario has changed for good.
Earlier, Indians were more inclined towards the private sector jobs, but now, the belief in the public sector’s jobs is increasing even amongst the young generation. Private sectors are prone to layoffs which we witnessed in the recent layoff of giant firms like Flipkart, Hiree etc and we have very well witnessed such layoffs in the past also during the time of recession. Whereas in government sectors, the situation of the employees more or less remained the same and the job positions remained intact.
Now the next significant factor would that be of the pay structure, as it is a very important factor for any job-searching individual. After the introduction of the 7th pay commission, the pay hike of 24%, which a government employee gets, is on par with the corporate sector. Though many allowances have now permanently deleted such hike is likely to be meager for many officials despite the increment. Government sector jobs are less stressful when compared to the jobs in the private sector. The workload in governments jobs even if high would have more than enough time frame to complete it in the best manner possible unlike that of private sector jobs. Government jobs provide more facilities like internet, telephone subscription, LTC. While the quality of the services is debatable, it is nonetheless an advantage.
The indispensable salary increment – In government jobs, your salary will increase which will have no correlation to your performance. While it is great if you are hard-working, increments happen whether are not you perform. So, for over-achievers, it may be actually a disadvantage, but if you are an average performer, this is great. There are more Government holidays in Government jobs compared to the private sector. In addition, you also have a 5 day work week. To add to all this, you also have a certain amount of paid holidays in a year. However, you must consider your own insights and inclinations to move towards your preferred MBA government job.
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