Very well explained with facts but you missed one important thing. Services companies provide onsite opportunities (foreign country) to their employees by sending them to work at a client's office, where in it is rare in product based companies (that's a transfer to their own office in another country or to the head quarter). A product company does all of it's work offshore with the engineering talent they have. People who aspire to go abroad to earn more can opt for service companies but at the same time top product companies in India are paying very high salaries to senior engineering positions now a days which is very close to the onsite salaries provided by the service companies. So product companies are compensating at that front also but they will expect you to be doing really well in the technology side. Self learn, keep upgrading your technical skills with time, take more responsibilities, come up with new ideas are some of the high expectations that product companies expect from their engineers while issuing the high pay cheque. So people should keep this in mind.
Interesting. I didn't know many of the differences you pointed out between product vs. service companies. I learned something new today. :-) Thank you for the video.
Yeh product based companies high salary because they have stable income has compared to service based company, but service based companies too pay high if they are involved in this sectors like cyber security, block chaning, cloud infrastrue
Your selection depends on a lot of factors, exp level, professional background, skill level, technical capability. Incase you are serious about transitioning speak to our expert from product company and find out how to proceed in your career and earn more. Book Now - careerswami.in/book-now/
Startups generally look for proficiency in a particular technology, big companies focus on DS ALGO if u are fresher and design rounds if u are experienced.
Thanks for sharing good information..! I am currently working in one major service based company, but planning to switch as timings are not flexible. Could you please suggest some working mom friendly organizations (service/product based) with some good policies. I am from testing background.
I wish this video existed in 2016. I have spoiled my career joining Wipro Technologies. First they gave me joining after 9 months of my graduation. Secondly, they don't even let you choose your technology. Third, I was moved in a Support project and I resigned after working there for 15 months. In 15 months, I did not got to develop even a single market relevant skill and is unemployed after that. Now, just because of my analytic skills I cleared bank po exam. It is the only option that I have to take forward my career.
Sir is there any age criteria for product based company due to family and financial problem after 12th i dropped studies i coludn't complete my studies after few years i joined college again and complete my MCA i am 32 now i m learning DS and algorithm and good command over java spring and hibernate framework .. if i am strong in DS and Algorithm ..can i apply for product based companies??????
Yeah that is the only stat that was wrong about this presentation. From someone that is currently working for a serviced based company in the US, our hours stand as 9-5pm M-F
Not necessarily, if people don't have products why would they need services? The reason producing is more difficult is because you are more directly exposed to market forces like supply and demand i.e. commodities needed to produce said goods.
It's a dream to get into a product based company. If you want to know more about it then I'll suggest learning these 5 actionable steps first. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tFt4Zh3sfRQ.html
Try to get internship. You also make a strong connection with HR of products based Companies for this you have to make a good profile on LinkedIn For learning basic of Linkedin with help of sample refer this informative video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-p6dKBx83hgM.html For learning how to build connections with HR Managers on Linkedin refer to this informative video. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-jLLJBTxp01A.html
It's a dream to get into a product based company. If you want to know more about it then I'll suggest learning these 5 actionable steps first. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tFt4Zh3sfRQ.html
This bullish video takings people in wrong direction. Both product and service based companies are good. Salary hike and benefits are depends on projects. In product company we only works on particular tools which they are using. Nothing new we can't learn. And if your project shout down or low revenue growth then your job will be in trouble. But in service company we can switch to different projects. So don't follow these kinds of videos. Just try to improve your skills. Don't trust these kinds of job consultant
