Start-ups with three years of establishment and $10 million in funding were the last choice for students.
The interest of students in start-ups is fading. This is according to a new report named Unstop 2024 Talent Report, which consulted more than 11,000 students, HR practitioners, and university partners. The report indicates a 10 per cent year-over-year drop in students who are looking to work in start-ups.
The report says, “There has been a drop from 14 per cent last year to 10 per cent of students who want to work specifically for a start-up.” Similarly, start-ups with three years of establishment and $10 million in funding were the last choice for students.
60 per cent of students choose the security of their job over a pay hike
At a time when we keep hearing about layoffs, students prefer job security more than pay hikes. 60 percent of the students prefer job security, while the remaining would go for a pay hike.
Simultaneously, the survey says that 53 percent of students admit that their biggest fear is the inability to find a job in their preferred field. Further, for those going to business schools, one worry is balancing work and personal life.
“But for E-school, Arts, Science, and Commerce graduates, a lack of on-the-job training is also a top concern,” reads the report.
The importance of feedback
Those who have immediately joined work after completing their UG would like to receive active feedback. The report says, “51 per cent of B schoolers selected monthly feedback.”
One important facet of the report was the gender gap. The gender pay gap still exists, according to the report. The report says that in B-school, 55 per cent of men received an offer of over Rs 16 LPA, but only 45 percent of women received an offer above Rs 16 LPA.
However, arts, commerce, and science saw a significant difference, with 36 per cent of men receiving an offer between Rs 6 and 10 LPA. This was only 19 per cent for women.