Sonal Srivastava | Posted July 17, 2023 12:28 PM
Public Policy (PP) is emerging as an attractive career avenue for students with graduates in the field receiving starting salaries ranging from Rs 7 to Rs 15 Lakh Per Annum (LPA).
Fintech is the latest sector to realise the importance of public policy experts, offering them a mainstream role. “Just a few years back, public policy expert was an add-on role executed by anyone from finance or the CSR department. Now, with international tie ups and thrust on implementation of Environmental, Social and Governance (ESG) initiatives, projects and companies require a focussed public policy professionals. The initial compensation for placements ranges from Rs 6 lakh to 15 lakh. The sectors that hire public policy professionals include think thanks, consultancies, development fellowships and fintech companies,” says Neelam Mehra, deputy director, Career Fulfillment, Kautilya School of Public Policy, Hyderabad.
Implementing good governance
The companies that have hired the Public Policy graduates includes I-PAC, Global Trade Observer, TTC (Think Through Consulting), GITAM, Nehru Fellowship, RBIHub Fellowship, Quality Council of India, Infrastructure Professionals Enterprise Global, Bharat Biotech International Ltd, Paytm, Aadarsh Foundation, KSPP (GITAM), EY, Ather Energy, Punjab Good Governance Fellowship, Just Jobs Network, Yale (Yale School of Public Health), Indian School of Leadership, Mythos Labs, IORA Ecological Solutions and Insight Development Consulting Group (P) Ltd among others. “Many organisations are first-time hirers of PP graduates. Corporates have regulatory departments that require professionals to look into compliance related issues and that’s where PP graduates are best suited for such roles,” says Mehra.
The PP courses have five broad curriculum components including human rights laws and democracy, development economics, governance and society, and international relations. Institutes also provide core courses which enable students to hone skills in academic writing, media communication and policy, and professional communication making them better suited for compliance-related fields. Government, multilateral organisations, and social sectors may not offer paid internships, but the internships at leading corporate companies have witnessed stipends ranging from Rs 10,000-12,000 per month.
Multidisciplinary and interdisciplinary
“Public Policy is becoming a sought-after career option with IIMs and IITs offering public policy courses and degree programmes. Corporate and government agencies now hire public policy experts who interface between the firm and government and conduct cost benefit analysis. Think tanks and other agencies are increasingly engaged in policy advocacy for consultations and garnering opinions and conducting deliberations among stakeholders,” says Yogendra Singh, acting head, Amity Institute of Public Policy, Amity University Uttar Pradesh, adding that the PP courses are multidisciplinary and interdisciplinary in nature, and draw students from all disciplines.
“They involve both private and public sector ideas and given the thrust on Public Private Partnerships, public policy programmes are gaining prominence. They are relevant to the society and deal with both local and wider problems with developmental and problem-solving connotations,” says Singh.
During the recent placement season at Amity, the salary for Master’s students ranged from Rs 4.5 lakh to Rs 8.5 LPA. The students were hired by government agencies, international development and aid organisations, corporate sector, state and local government services, law firms, research organisations and think tanks.