For most students one of the top reasons for pursuing STEM subjects ( Science, Technology, Engineering Mathematics) is the lure of a high paying career. These subjects usually do lead to higher paying jobs, as graduates pursuing these disciplines have good to exceptional analytical skills, quantitative aptitude and problem solving abilities. These talents are much needed in high tech and engineering based companies. As we are living in a digital world now, more and more tech based companies are blossoming and all are in need for fresh engineering talent.
Working in a startup might be daunting to engineering graduates . And with good reason. Startups are newly established, or growing companies that are just starting to find their niche in the market, in the process of creating their market presence. They are yet to become a brand/household name, yet to become a profitable firm. For these reasons many startups are unable to pay employees a handsome salary and compensation. Majority of the engineering graduates understandably want to associate themselves with an established brand name that enhances their CV and provides a lucrative salary. A microscopic minority of graduates opt for working at a startup.
Yet working at a startup while not without its risks, might actually be profitable for you. Read on below to find out why:
You Can Gain a Wealth of Experience : Working at a tech startup will prove to be invaluable for young engineers. It will give them a taste and exposure of working at a fast paced corporate environment, and train them in all aspects of a business from marketing, product development to finance and operations. This will enrich young graduates who are usually just preoccupied with technical details. Working at an up and coming startup is beneficial in the long run, as you gain invaluable management, soft skills and decision making skills. This will later make you an attractive candidate for branded firms, and will even help you if you plan for an MBA in the long run. Experience counts a lot in this job market and startups can be that experience gaining platform.
You Get To Make Impactful Decisions : In a startup, you will be placed in a position of responsibility. Generally startups have a very few number of employees, you will get to play a meaningful role – a role ij which you will be in a position to make strategic, impactful decisions. In a large firm you will start in an entry level position, whereas in a startup , you will be expected to exercise responsibilities from branding, marketing to taking charge of product development which can strategically have a great impact on the company. You can become an integral player in the company’s growth…
Ability to Learn From Mistakes : Like the startup, you and your peers will also be regarded as raw talent, unpolished diamonds, in the process of becoming something greater. So long as you work hard, and you focus on improving yourself you will not be fired if you commit a mistake. No one expects green, graduates to be masters at their jobs.
Fast Track Career : Startup employees if they are skilled and dedicated can have a fast track career. You can easily climb your way from software developer to Vice President/senior manager or a member of board of directors – proven you have potential. Talent and loyalty are invaluable to startups and high quality employees are assets they can’t afford to lose. So if you deliver, be sure you will be rewarded. Startups employ lot of retention tactics like equity share and other compensation benefits to their prized employees.