Government Jobs Vs Private Jobs: What is Better for Women in India?

March 31, 20222 Minutes Read
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Is it really possible it get a dream job? The answer to that question is undoubtedly very, very tricky. One lady's dream job can be another woman's nightmare. The ideal job should take care of all your personal goals so that you do not experience burnout and will be able to grow your career in the field you choose.

What is an Ideal Job or a Dream Job?

There is no one field, sector or industry with a universally desired dream job. However, before taking up any government sector or a private company job, you should know some of the advantages and disadvantages of each.

Hiring

To qualify for government jobs, you have to go through tedious and highly competitive national level exams. Hiring for government jobs is slow too. However, it is easier to get a job in a private company. You may even get the same job role at various companies, so choose the best one that suits you. Hiring is pretty quick too, which means you can start earning quickly and almost instantly.

Salary

Private jobs pay high salaries with the possibility of more significant hikes as well. Government jobs pay well too but not as good as their counterparts for sure. Plus, salary increments are left on the Pay Commissions' decisions. Which means you may be stuck on the same income for an unexpected time.

Perks

The health benefits are definitely better in private jobs, but the post-retirement benefits are better in government jobs. Companies give mostly HRA while many government jobs provide housing. The undoubted best perk for young women is maternity leaves in government jobs (6 months vs 3 months provided by any private company). What's more, in railways, an adopting mother can even stretch this to 2 years.

Job stability

Private job hiring and layoffs depend upon the current requirements of the company and its financial health. Pharma, IT, FMCG, etc., are all known for mass firing. In contrast, government jobs are definitely more stable and provide job security. They are unaffected by the market conditions. The COVID-19 virus pandemic is a case in point. The government did not cut salaries or fire people like private sector bosses did.

Growth

Career growth options are better for private company employees. Personal initiatives are appreciated, and promotions are easier to come by for driven individuals. Government jobs are often monotonous as they lack room for creativity. There is also a minimal appreciation of personal initiatives. Due to bureaucracy, disappointment is readily available, while a promotion is hard to come by in a government job.

Work-life balance

Government jobs offer the best work-life balance due to fixed working hours. More often than not, private jobs may demand work on holidays/weekends without sufficient additional compensation. Plus, government jobs offer more holidays which means you can spend more time with your family.

However, the overall work culture is better in private companies. Punctuality is demanded and appreciated as well. Offices are usually better, well equipped, and often look better than 5-star hotels. Government jobs are known for lazy, laid back attitudes, bureaucracy and poor working environments.Hope this helps you make the right decision. If you are convinced about not joining a private company, check out the top 5 government jobs of 2022 in India and prepare for the required entrance exams.

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February 16, 20242 Minutes Read

Wealth Management and Advisory: Career Opportunities for Young Women

An exciting and lucrative avenue in finance is emerging for young women -- wealth management and advisory. As the financial landscape evolves, so do the opportunities for women to carve a niche in this traditionally male-dominated sector. Let's explore the promising career opportunities for women in wealth management.

Wealth management is not just about handling money; it involves strategic planning, investment advice, and creating financial roadmaps for clients. This dynamic sector offers many jobs for women with a keen interest in finance and a desire to empower others financially.

The rise of women in finance is challenging stereotypes and reshaping the narrative of the financial industry. Women's inclusivity in wealth management brings diverse perspectives, innovative thinking, and a more empathetic approach to client relationships. This shift concerns equality and a more holistic and client-focused financial experience.

One noteworthy aspect is the increasing prevalence of online jobs for women in wealth management. The digital age has opened up avenues for remote work, allowing women to balance professional and personal commitments seamlessly. Online platforms offer flexibility and accessibility, making wealth management more accessible as a career opportunity for women.

The role of women empowerment jobs in wealth management extends beyond managing finances; it's about empowering clients to take control of their financial destinies. Women in this field are not just financial advisors but mentors, educators, and advocates for financial literacy contributing to a more informed and economically empowered society.

The financial sector recognises the unique strengths that women bring to wealth management. From communication skills to emotional intelligence, these attributes enhance client relationships and contribute to the overall success of advisory services. The changing dynamics of the industry create an environment where women can thrive and excel in their careers.

As the demand for personalised financial advice grows, so does the need for skilled professionals. This presents a wealth of career opportunities for women willing to invest in their education and build expertise in wealth management. Financial institutions actively encourage women to pursue careers in this field, recognising the value they bring.

An exemplary figure in this context is Neha Sharma, a young professional who found her calling in wealth management. Neha's journey reflects the changing tide for women in finance as she navigated the industry's intricacies to emerge as a successful wealth advisor. Her story inspires young women seeking this dynamic and rewarding career path.

The shift towards creating career opportunities for women in wealth management aligns with broader societal changes. Organisations are realising the importance of gender diversity in their teams, promoting an environment that fosters equal opportunities and values the contributions of women in finance.

The wealth management and advisory world holds tremendous promise for young women in India. The evolving landscape creates exciting career opportunities for women who aspire to make a mark in the financial sector. As women continue to break barriers and thrive in wealth management roles, the future promises a more inclusive and diversified financial industry where expertise knows no gender boundaries.At Glow & Lovely Careers (formerly known as Fair & Lovely Career Foundation), we believe in empowering women to be independent. We provide online career guidance, existing jobs and other courses to help them in India's wealth management field.