What is a Service-Based Company?
Service-based companies are the ones that do not have a particular product but their primary business is to provide services. If we talk more clearly then they work for other organizations or have client-based products. The services they provide are intangible and can be provided in the terms of expertise, amenities, or skills. These companies generally provide less salary compared to product-based companies. Some of the popular service-based companies are TCS, Infosys, Wipro, Tech Mahindra, etc.
Difference Between Product Based Company and Service Based Company
Choosing the right company is a must as your entire career will depend on the skills you learn and the abilities you have. Everyone wants to be in a company that helps in improving their skills and provides them with a better learning environment. Before choosing their dream company, almost every student comes across the question if they should choose a Product Based Company or a Service-Based Company.
Also, What exactly do Product Based Companies and Service-Based Companies mean, and how to get into these?
The biggest confusion among the students is that the top tech giants such as Google, Amazon, etc. hire only students from IITs or NITs, which is the biggest myth. If you have the ability, and you have the desired skills, then you can get into your dream company even after being from a tier-3 college. All you need is hard work and consistency. So now let’s take a look at both companies specifically: