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Growth: A study published recently says the total market for language-sensitive work will be worth USD 14.4 billion by 2010. While the IT industry will account for 50 percent of the demand, the rest will be distributed among the BPO and KPO segments.

Areas of work : With globalization of the Indian economy, hordes of multinational companies have set foot in India, leading to an increasing demand for foreign language specialists. The opportunities for them are vast. With the required academic qualifications, then can pursue a career in tourism, entertainment, public relations, international organizations, embassies, diplomatic services, hospitality industry, publishing, interpretation, translation, etc.

Qualification: The minimum qualification for foreign language courses is 10+2 in any subject. Following that, you can opt for a three-year graduate course or even a five-year integrated language course in any university.

Some universities offer diploma/certificate courses for graduates and post- graduates. The other option is to pursue these courses at the institutes run by embassies and consulates. These institutes offer part-time (evening) and full time courses at basic and advanced levels, some of them extending up to 5-6 years.

Pay: Interpreters get paid by the hour and can earn between Rs. 300 and Rs. 500 per hour. Trade fairs also employ interpreters and pay around Rs. 700 to Rs 1,000 per day. Tourist guides working as interpreters are generally paid around Rs. 50 per hour. A career in teaching can get you anything from Rs.10,000 to Rs. 20,000 per month. Those working as translators get paid between Rs. 50 and Rs.100 per page. However, it is important to keep in mind that these are conventional pay scales. For those with the talent and aptitude, the sky is the limit.

Prime Actors: Mainly the IT industry and Business Process Outsourcing (BPO) and Knowledge Process Ootsourcing (KPO) industry.

BUSINESS MANAGEMENT

Growth: Management, or to be more precise, Business Management has today become one of the most sought after disciplines. The number of colleges and institutes offering courses in management have increased manifold within a short span of years. Today, a Management Degree has become an attractive proposition, as there are attractive entry-level salaries (including salaries being offered in dollars by some MNCs).

Typically, a Management Graduate gets absorbed into a Company through the Campus Placement Program of his/ her Institute.

Areas of work: Marketing and sales, personnel / human resource, information technology, systems / operations, finance. The upcoming areas include international business, retail management, hospital management and event management. Related careers include market research, advertising and public relations.

Qualifications: To take admission into a management programme at a premier management institute like IIM, aspirants have to first qualify CAT/MAT/XAT.

For applying to Foreign Universities aspirants have to qualify an English proficiency test such as TOEFL/ IELTS and an aptitude assessment such as SAT or GMAT. Working professionals can take up part time and correspondence courses.

Pay: Average salary of a fresher ranges anywhere between Rs.10,000 – Rs.30,000 per month.

However, students passing out of one of the premium institutes might be able to draw a salary as high as Rs. 100,000 per month or more in a multinational.

Prime Actors: Multinational corporations, banks / financial concerns, public sector, international agencies, consultancy services, placement services.

NANOTECHNOLOGY

Growth : According to a NASSCOM report, the worldwide market for nanotechnology is estimated to touch $891 billion by 2015 from the current level of $180 billion. This sector is also expected to create 12 million new jobs by 2015. Indian companies have the huge potential to tap the nanotechnology market. Of the current level of $180 billion, electronics and materials account for more than 65 per cent of the market.

Areas of work : There are many exciting new fields that have opened up for the nanotechnology experts. These fields include:

  1. Health industry research and consulting- pharmaceutical, medical, agriculture, food and beverage, environment industries.
  2. Research and development in government, universities and private research institutes
  3. Education and academics.
  4. Biotechnology industry.
  5. Product development and advising.
  6. Communication and media, interfacing of new technologies.
  7. Many new industries emerging as a result of advances in nanotechnology.

Qualifications : To become a successful professional in the specified field of nanotechnology, it is important that you should have an M. Tech degree in the subject. To get into an M. Tech course, you should have a degree in Physics, Chemistry or Biotechnology. There are many institutions that have started courses in nanotechnology like, Jawaharlal Nehru Center for Advanced Scientific Research, Bangalore, National Physical Laboratory, Delhi, Solid State Physics Laboratory, Delhi, National Chemical Laboratory, Pune, Indian Institutes of Technology (IITs) at Kanpur, Chennai, Guwahati, Delhi and Mumbai and Amity Institute of Nanotechnology, Noida.

Prime Actors : There are about 150 institutions working on research and about 500 companies are there in the global market. In India, organizations dedicated to nanotechnology include India Nano, Velbionanotech, Yashnanotech and IITs ( Delhi and Roorkee). Apart from these, major biotech and pharma companies are also entering the field of nanotechnology. Hence Indians have a great career opportunity in the country as well as abroad.

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