Product Based Company vs Service Based Company: Before starting your career journey, you need to know the different options available for you, which will help you in making a better decision for yourself.
In the field of Computer Science, there are several good opportunities available that will help you to skyrocket your career.
However, if you are a Computer Science Graduate looking for a good job, then the only 2 options that you are left with are Product based Company and Service based Company.
Since there is a lot of difference between Product based and Service based companies. So, In this article, we are going to cover all the major differences between these 2 types of Companies. So, you can make a better choice for yourself.
Here are the top 7 differences between Product based Companies and Service-based Companies:
Table of Contents
1. Candidates Hiring Process
To get into a Product based Company, you should have a good knowledge of your domain. The candidate gets hired based on their Technical Skills and knowledge related to different Data Structures and Algorithms.
Since the number of Job openings is less in Product based Companies, the competition is quite high in cracking the Coding Interview rounds here.
On the other hand, in Service based Company, your domain knowledge, and Technical Skills are not as important as your Communication Skills are.
Since the number of Job openings is more here, it is much easier to crack the Interview rounds in Service-based Companies.
2. Job Security
In Product based Companies, Job Security is much higher with less pressure on employees.
On the other hand, In Service-based Companies, Job Security is lower with high pressure on employees as compared to Product based Companies.
3. Work Culture
As there is less number of employees in Product based Companies, so the interaction between the employees and team is more as compared to Service-based Companies.
As a result, work in Product based Companies is much more challenging and noticeable as compared to Service-based Companies.
4. Learning Curve
The learning curve is better in Product based Companies as compared to Service-based Companies.
On the other hand, In Service-based Companies, you don’t have any option to choose your favorite Technology and you are forced to work on the technology to which you have been assigned.
5. Top Companies
Some of the top Product based Companies are Adobe, Amazon, Facebook, Google, Microsoft, Salesforce, Flipkart, and many more.
On the other hand, some of the top Service-based Companies are TCS, Infosys, Wipro Limited, Mindtree Ltd, HCL Technologies, Tech Mahindra, and many more
In Product based Company, the average salary, perk, and the hike is higher and is based on the way you perform in the company.
On the other hand, the average salary, perk, and hike is lower in Service-based Companies and is dependent on the group or entire team performance.
Hope you like the article on top Difference between Product based Companies vs Service-based Companies.
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