Students Opt for Experience Before Turning Entrepreneurs

Published: 19th April 2015 06:02 AM  |   Last Updated: 19th April 2015 06:02 AM   |  A+A-

VIJAYAWADA: Most of the engineering graduates are preferring to join corporate companies to acquire skills and gain some work experience before setting up their own industries. This is because they are averse to implementing their start-up ideas without any experience.

“My aim was to set up a company of my own and run it sccessfully, but practically it would not have been possible due to my lack of experience. Some of my friends are now working as employees after their inexperienced start-up ideas have failed,” said K Mahendra Reddy, a EEE third-year student of the MIC Institute of Engineering and Technology.

Explaining that the number of students opting for the campus placements is more than the number of those directly going for entrepreneurship, Surendra, head of the Placement Cell in the NRI Group of Educational Institutions, said that the students were cautious about straightaway going for start-up ventures as that involved potential financial and other risks.

“So, most of the students are taking time to gain some industrial knowledge and work experience as employees after their graduation before raising capital investments for starting their own companies,” he added.

Meanwhile, the students feel that entrepreneurship is not an easy thing to do, as they need to acquire the management skills also besides technical skills. “Blindly following the start-up idea will have the maximum chances of failure.

Unless we know the basics and have some work experience, it is not easy to head a company and deal with hundreds of employees,” said P Sri Durga, a final-year engineering student who was recently selected to work in an IT firm in a campus recruitment drive.

Experts opine that the engineering students opting for jobs before starting their own companies is a good choice and add that parental pressure on them to take up jobs rather than starting their own companies is one of the main reasons for the students’ opting for jobs.

“Parents always want their children to be in high positions. Many fear that the success of a new venture set up by the freshers will have more chances of failure. However, they feel that if their wards acquire some work experience before setting up their own companies, then their chances of success will be more than failure”, said KRSR Krishna, Vice-president of Petrofac-Chennai.

However, there are some students who are continuing in the corporate jobs that they have landed during the campus recruitment drives though as students they had wanted to become entrepreneurs. “Due to the good salaries and incentives being offered by the companies, they don’t want to take the risk of quitting the jobs and open industries with an uncertain future,” said Krishna.

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