Background

Engineering has reigned supremely in the Indian landscape of academic and career aspirations. It continues to be one of the most lucrative professions with technological advancements globally. However, in recent times, employment gaps have emerged due to lack of employable skills. Times of India reports that out of 60% employable graduates, only 45% show job-readiness and meet industry expectations and with upcoming technological advancements, this number is projected to drop to 15%. 

According to Deloitte, the engineering skills gap is expected to leave 2.4 million positions unfilled between 2018-2028, with an estimated economic impact of 2.5 trillion USD!

In a McKinsey Global survey conducted in 2022, while 87% of the recent graduates feel ready to become a part of the workforce, only half of the hiring managers interviewed agree with this assessment.

Students from the underserved communities are 3 times less likely to have access to industry mentorship during their education, and suffer the most when it comes to industry readiness.

The challenge extends beyond technical skills. Only one-third of engineering students report having access to industry mentors. Mentorship is regarded as crucial by more than 60% of the engineers in their career development, and the outcomes agree — students with mentors are twice more likely to secure internships and entry level positions than their non-mentored counterparts. 

The 3-Dreams Foundations aims to close the gap between skillset training, mentorship and open windows of opportunities for many aspiring engineers from communities that traditionally have been excluded from these areas. By ensuring that the right resources reach them at the right time, the project seeks to contribute towards solving this emerging issue.