In the IT industry there are two types of organization :
Service-based company.
Product-based company.
Every Fresher should know about this difference because if any individual gets a chance to choose between these two types of the organization he/she will easily able to do the same.
Service-based company
If you heard about MNC such as TCS, Wipro, HCL, Tech Mahindra, etc are a service-based company, This company provides service to the client or any other organization.
In a service-based company, Role is not generally specific for example:- if you are hired as fresher in the above service-based company you will not likely get your preferred technology. Your job role depends upon company clients and services.
Product-based company
A big giant like Facebook, google, amazon, NetFlix, etc comes under the product-based company. An organization which has their own product to promote/sell.
In a product-based company, Role and technology are specified. Good salary for fresher as well as an experienced candidate. Sometimes product-based startups provide good salaries plus equity(some share of their company).
Below Table give a better overview:
if you are an experienced guy always go for a product-based company. And if you are a fresher and have an option to choose in between product and service company always go for a product company, you won’t regret your decision in future. And if you are a fresher and have a job offer only from a service company. Try your very best to get the job in a product company but it didn’t get one, no worry just join the service company and keep trying for a job in a product company, and if you got one just join it. And if you don’t get the job in a product company please don’t work in a service company for more than a year. try to get out of there as soon as possible.
If you have questions about how to do this; you can always ask your questions below.
ALL THE BEST!!!
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