Management Tops Hiring Preference for Freshers, Engineering Follows with 15%: Report
The career-tech platform, Internshala, has released its Hiring Trends Report for the year 2023, providing valuable insights into the fresher job market. According to the report, March witnessed the highest number of fresher job postings, experiencing a significant surge of 395% compared to the base month of June 2022.
The report highlights that the months of April and May also recorded strong demand for freshers, with 377% and 360%, respectively. Moreover, the months of November, December, and January exhibited substantial growth, with December and January reaching their peak at 304% and 325%, respectively. The year concluded with a high number of fresher job postings in February, with a significant increase of 360% compared to June.
The report brought forward the top fields in which recruiters hired freshers in the past year, where Management emerged as the leading field for fresher hiring, accounting for 58% of all job opportunities. Engineering closely followed at 15%, while the field of Media at 12%, Design at 5%, Commerce at 3%, Science at 1%, and the remaining others at 6% collectively constituted the remaining share of the job market.
As per the report, the average CTC offered to freshers hired in the past year stood at INR 4 lakh per annum. Whereas the maximum package offered to the students reached up to INR 55 lakh per annum. The report also presented that females secured a better placement percentage of 52% as compared to males, who accounted for 48%.
Commenting on the fresher hiring trends, the founder and CEO of Internshala, Sarvesh Agrawal said, “The rise we have observed in the fresher hiring from June 2022 to the summer months of March, April, and May 2023 is tremendously promising. It underlines the fact that recruiters are recognising the potential of fresher hiring and the value they could bring to their organisations with their fresh ideas and perspective. They understand the value of recognising the talent early and honing them for better and bigger roles in their organisation and hence are actively including fresher hiring as an immense part of their hiring strategies.”
Across the country, Delhi-NCR emerged as the primary hub for fresher recruitment, with 39% of all job openings. Mumbai secured the second position with 22%, followed by Bangalore (14%), Hyderabad (6%), Pune (6%), Chennai (4%), and others (9%).
The report revealed that 18% of fresher jobs offered in the past year were virtual, allowing candidates to explore opportunities from their homes. However, the majority of fresher jobs (82%) still required candidates to work from the office, underscoring the importance of workplace collaboration and experiential learning.