A recent study by skill assessment platform, Mercer | Mettl, has revealed that nearly half of the all graduates in India exploring career opportunities in AI/ML (Artificial Intelligence/Machine Learning)-related roles are job-ready. According to the “India’s Graduate Skill Index 2023″ study, Indian graduates present an impressive employability rate of 48% in AI/ML roles, indicating a significant talent pool capable of meeting the growing demand in this cutting-edge technology.
The study emphasises that the growing demand for talent in the AI/ML areas opens doors to promising career opportunities and underscores the importance of encouraging graduates to pursue and acquire AI-related skills and knowledge.
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Overall, 45% of all graduates in India demonstrate the readiness to meet the industry’s ever-changing demands. The employability prospects for Indian graduates, according to the study has some distinct variations between tech and non-tech skills.
Among the tech skills, while Applied Mathematics skills stand out with an impressive employability rate of 72%, the other skills with high employability potential include Data Science (57%), MySQL (57%) and Oracle SQL (54%).
Among the sought-after roles, Indian graduates exhibit highest employability in AI/ML roles at 48%. The Backend Development, Data Science, Data Analysis, and QA Automation roles have a similar employability rate of 39%.
Among the non-tech roles, according to the Mercer | Mettl study, the Financial Analyst role shows an employability rate of 45%, closely followed by Human Resources Associate at 44%. Business Analysts exhibit a similar employability rate of 45%, while the Project Manager roles have an employability rate of 39%. On the other hand, Sales and Business Development roles present the lowest employability at 37%.
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The study notes that the employability of graduates in the emerging job roles such as Backend Developer, Data Scientist, Data Analyst, and QA Automation shows a similar employability range across three tiers of colleges.
This trend suggests that learners from different tiers of colleges have similar opportunities to acquire these skill sets, potentially through self-learning and access to online courses, the study said.
Siddhartha Gupta, Chief Executive Officer, Mercer | Mettl, said, “A rapidly changing job landscape calls for a nimble-footed approach and our study reveals that Indian graduates are well-prepared to respond to the opportunity with right skill sets.”
“The job market of the future will be increasingly dynamic, and an open mindset with readiness to upskill and re-skill as per the changing demands will act as a key differentiator. As the world’s largest tech-led skill assessment company, we strongly believe that an industry-academia collaboration in addressing the existing gaps would go a long way in creating job-ready graduates,” Gupta added.
The study is an outcome of a comprehensive analysis, evaluating data from 2500+ campuses and 440,000+ learners to assess the skill readiness of young India.
