The vertical of career aspirations is shifting, and Indian Gen Z—the dynamic cohort born between the mid-1990s and early 2000s—is at the forefront of this transformation.
Surprisingly, despite India’s thriving startup ecosystem, a new report reveals that post-millennials are increasingly opting for stability within large corporations rather than venturing into entrepreneurship.
The iQOO Global Quest Report 2024
The iQOO Global Quest Report, developed in collaboration with CyberMedia Research (CMR), surveyed 6,700 Gen Z respondents across seven countries. Among these, Indian post-millennials stands out with a unique perspective.
Here are the key findings:
Entrepreneurship Interest: Only 9% of Indian Gen Z express interest in entrepreneurship. This figure challenges the stereotype of a youth population eager to create their own startups.
Leadership Roles: In contrast, a significant 19% of Indian Gen Z aspire to leadership roles within established organizations. The allure of climbing the corporate ladder and contributing to well-established companies seems to outweigh the risk-taking associated with startups.
The iQOO Global Quest Report introduces a quantitative metric—the Quest Index (QI)—to evaluate the drive and ambition of Gen Z across different countries.
India leads the pack with a QI of 9.1, surpassing countries like Malaysia, Thailand, the USA, Indonesia, the UK, and Brazil. This score underscores that Indian Gen Z is among the most ambitious globally.
New-Age Job Fields: The Attraction Factor for Gen Z
While entrepreneurship takes a back seat, post-millennials are drawn to new-age job fields that promise innovation and dynamism. These fields include:
Data Analysis: The power of data drives decision-making, and Gen Z recognizes its significance. Careers in data analysis offer exciting opportunities to decode patterns, predict trends, and influence strategies.
Artificial Intelligence (AI): AI is reshaping industries, from healthcare to finance. Post-millennials sees AI as a gateway to impactful work that transcends traditional boundaries.
Cybersecurity: As digital threats escalate, cybersecurity professionals are in high demand. Gen Z recognizes the critical role they can play in safeguarding organizations and individuals.
Content Creation: The rise of social media and digital platforms has fueled the demand for content creators. Gen Z embraces this avenue for self-expression and creativity.
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Gen Z: Balancing Ambition and Work-Life
Despite their ambition, Indian post-millennials faces challenges. Work-life balance remains a concern.
While 43% of respondents are willing to sacrifice personal time for career success, this delicate balance is crucial for overall well-being.
Tech skills continue to be relevant. Indian companies, especially those embracing digital transformations, rely on tech-savvy individuals. Post-Millennials recognizes that tech skills are essential, regardless of the sector they choose.
Conclusion
Indian post-millennials are breaking away from tradition, seeking meaningful careers that align with their aspirations. While startups may not be their immediate choice, their hunger for impact, innovation, and growth remains undeterred.
As the economy evolves, can it deliver on their dreams?
Only time will tell.
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