Boom in market beneficial only for experienced personnel.

Dear Monica, having read your statement it seems either you are fresher or pursuing . Whatsoeve as far as employement opportunity for freshers is concerned it is not true that there is not openings for freshers. Ya it is true it takes time. Even you can think yourself if were at the position of hiring position, what would be your decision. No doubt , you too will hire only experinced but for the freshers sometims they have to compormise with salary but don't compormise with your desired interest or profile.

Too many topic with same Q. It is not a problem of experienced and freshers. Actually it is problem of UNDER EMPLOYMENT and UNEMPLOYMENT in India....

Neither. My view is that if this is the case then the economy is definitely NOT in a boom. During a strong bullish phase as we have witnessed up until November 2008, the world experienced the one bubble after the other starting with the dot.com bubble and ending spectacularly with the property bubble. The world has now changed forever and new value systems are developing in peoples minds.

During these heady bullish economic phases as we experienced, greed overrides common sense. New industries developes out of it which require new skills. Those skills are then scarce as the prececeding period did not require it.

So, you will have continuously changing skills requirement as the world moves from the one economic phase to a new one.

When Wall Street bankers were calling the shots untill 2008, the emphasis was on financial skills. Now that the world is facing VERY serious resource shortages I would imagine that the engineers and scientist will be the important players. They are going to be relied upon to find alternatives in order for humanity to survive into the next millenium.