MNC Vs Startups? Which is a better job option for a fresh engineering graduate? Why?

Hi, This is very interesting question. Out of my experience and knowledge, I would advise startups are good if you want to learn, research and get experienced as a domain expert. Startups always help someone to know technology and its applications are deeper than MNCs in your early days. You can explore your knowledge and relate your learning in engineering with production in reality. Whereas in MNCs, you probably won't get this scope because it's limited to certain area. However, Brand is very important in life and MNC can provide this only. To answer short and to the point if you have an opportunity to work with MNC then grab this offer now and later on you may move to Startups for rest of your career.

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Hello, There are pros and cons in both the places. Cons of Working in a Start Up: -You have to do a lot of work. -You will do a lot of work, you may not be appreciated for it and still more work will be pending. -Your boss will get angry at you because he is under a lot of stress himself. Mostly, your boss will be a co-founder. -The startup may fail and you will lose your job. Having said the above things, there are a lot of benefits to working in a startup. Imagine if India was a rich country, the rupee is 10 rupees per dollar. There is no outsourcing of jobs to India. The whole MNC industry wouldn't exist. No matter how much experience you gain in the software/ outsourcing industry, one day you may lose the job. If you worked for 20 years, made a lot of money and you quit voluntarily, the only thing you will have remaining is your money. Your experience cannot help you start a business of your own and make money selling products or services. Pros of Working in a Startup: -You will understand the value of saved up capital and money as a resource. -You will do more work, have more satisfaction, learn more and become a better person in a shorter time. -Working in a startup is like an investment into your future. You may work for 5 years in a startup, earn less than what your friends did, have a simpler life, but in the end you have more skills to make money as an entrepreneur and by that time your friends will be left with no job and no skills to make money on their own. In short: Working in a startup is a middle point between being an entrepreneur and a full time regular corporate slave. But remember, in the end it all depends on you, if you are courageous enough to learn more than you earn (for a short term) the you can go for a startup else stay in a comfort of the MNCs. Hope this helps! All the Best!

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Cons of Working in a Start Up: -You have to do a lot of work. -You will do a lot of work, you may not be appreciated for it and still more work will be pending. -Your boss will get angry at you because he is under a lot of stress himself. Mostly, your boss will be a co-founder. -The startup may fail and you will lose your job. Having said the above things, there are a lot of benefits to working in a startup. Imagine if India was a rich country, the rupee is 10 rupees per dollar. There is no outsourcing of jobs to India. The whole MNC industry wouldn't exist. No matter how much experience you gain in the software/ outsourcing industry, one day you may lose the job. If you worked for 20 years, made a lot of money and you quit voluntarily, the only thing you will have remaining is your money. Your experience cannot help you start a business of your own and make money selling products or services. Pros of Working in a Startup: -You will understand the value of saved up capital and money as a resource. -You will do more work, have more satisfaction, learn more and become a better person in a shorter time. -Working in a startup is like an investment into your future. You may work for 5 years in a startup, earn less than what your friends did, have a simpler life, but in the end you have more skills to make money as an entrepreneur and by that time your friends will be left with no job and no skills to make money on their own. In short: Working in a startup is a middle point between being an entrepreneur and a full time regular corporate slave.

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MNCs are always regarded as the mecca for a great career as the brand name imposes good weightage on your resume and helps build up your career path for next jobs. Conversely, startups have shown exponential growth curves and promise lucrative packages which make them luring for students, the growth rate and promotion are impeccable and so is the exposure and culture. But what we miss out on is a bigger picture, where the job security is low and risk is high at startups and due to changing landscapes layoffs have become a common trend due to a cash crunch. MNCs too make job redundant but they use bell curves and gift severance packages to restore faith and hence risk is moderate comparatively. Startups always help someone to know technology and its applications are deeper than MNCs in your early days. Moreover, you can explore your knowledge and expand and relate your learning in engineering with use cases. Whereas in MNCs, you probably won't get this scope because it's limited to certain area and expertise and hence limits growth. However, a brand is very important in life and MNCs can provide the ultimate advantage. So, both have pros and cons, you can weigh according to your choice.

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Both the sides have their own pros and cons. It is up to you which one you prefer. Benefits of working at MNCs: Stability: Startups usually lose a lot of money as they build market share (buying customers). At some point, the cash will run out. Most startups fail. Benefits: Most of the established companies have robust benefits (retirement plan, medical, long-term disability, group life, etc.). Startups might not have the cash flow to offer these benefits. Work-life balance: Working at a startup generally requires long hours as the company is trying to get off the ground. This can put a strain on family life. Most of the established companies understand the need for a balanced work/life environment. Teamwork: In established companies you usually have a team to fall back on or that can train you and if you are sick or on vacation others can pick up the slack. Benefits of working at a startup: You get an opportunity to work on new idea/concept/new way of doing things, etc. Business understanding helps you in future assignments. You get an opportunity to do crucial jobs at an early stage. You get very good exposure of many functions of the business. Working in a small team gives you a lot of advantages. Bonding is very strong which provides you with different experiences. Success can be a big advantage, financially, socially & professionally. So, see for yourself and decide.

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It truly depends on one's aspirations. What one expect from his or her life and what one's goals are. Basically, nowadays, a new startup requires a lot of strategy buildup, sacrifice and sometimes a large sponsorship and fundings and most importantly a great idea to be implemented. After going through all the above-mentioned criteria one has to open a startup which in all never guarantees you with a definite income as well as growth. Though, on the other side, it is a chance of limitless possibilities, income, and growth. When talking about a multinational corporation provides with much facilities, high scale salary, and privileges though it is very tough to get into it but is a one-time hard work. Also, it will guarantee you with a definite salary at the end of the month, in reward for your work. Though, in multinational companies, one has to follow companies rules where one is not a boss. So, both the streams are good for starting your professional career but according to me, a job is more secure because after job and gaining experience, one can start its setup but in the beginning, if the startup fails then you can not return to the job or it will be very hard this time. Thank you. Hope it helped.

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