The average salaries for vocational jobs have grown by 18% whereas engineering and MBA jobs rose only by 4% and 3% respectively.
Composite staffing firm TeamLease Services has good news for those preferring vocational training over higher education, at least from the non-pedigree colleges.
Going by its latest and accordingly titled Vocational Skills one-up on Higher Education report, the prospects are brighter for the former.
This included a detailed analysis that examined the salary trends of vocational skilled talent and professional degrees holders from poorly ranked institutions.
According to the analysis, the average salaries for vocational jobs have grown by 18% whereas engineering and MBA jobs rose only by 4% and 3% respectively.
Vocation | 2016 | 2017 | 2018 |
Electrician | 27,250 | 32,750 | 39,500 |
Network technician | 38,000 | 45,000 | 51,600 |
Fashion designer | 25,600 | 32,400 | 41,200 |
Engineer | 37,200 | 39,800 | 41,500 |
MBA | 32,500 | 40,600 | 42,000 |
Sector | vocational versus engineering(%) | vocational versus MBA(%) |
Apparel | 7.42 | 3.9 |
Automobile | 3.6 | -13.66 |
Retail | 5.81 | 4 |
Ecommerce | -3.62 | -5.46 |
Gems & jewellery | -1.41 | -3.09 |
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