According to a Scaler Placement assessment report commissioned by KPMG, tech professionals have experienced an average 126% increase in their salaries after upskilling, compared to an average 11.2% increase for IT jobs in 2021.
A study conducted with 2,087 graduates found that over the past three years, post-graduate software professional salaries had increased by over 126%. Techies in the country experienced tremendous career growth and found meaningful employment opportunities after taking continuing education courses, it said.
The KPMG assessment report also asked learners about their post-internship performance at the companies they joined. The average salary increase after joining the new company was 67.8%, with 31.8% of the alumni being promoted in the new position. In comparison, the average increase percentage for IT jobs in 2021 was 11.2%.
Most highly qualified professionals were hired by technology solution providers (14.1%), financial technologies (13.9%), e-commerce and retail (13.7%) and consumer technologies (8.2%).
According to the report, the employability of Indian engineers has not looked promising for more than a decade as nearly 97% of the country’s graduates are not readily employable. Only 3% of graduates were adept at using New Age skills in areas such as AI, machine learning, data engineering, and mobile technology.