Private job:
Private jobs in software companies like working in Product-based companies are very good. Companies like Microsoft, Facebook, apple, google, Qualcomm, Oracle, etc comes under product-based companies. You will get immense satisfaction, salary, and hikes but don't join in service-based companies like Capgemini, TCS, Accenture, Infosys, etc. Those are not very good to work in and will be no progress in your career.
Instead, prepare for GATE, CAT, and do higher studies and get a very good company of minimum package 12 lakhs per annum.
Government job:
Now coming to government jobs, not all government jobs are good like a bank PO, FCI, SSC CHSL, constable, teacher, group 4, etc. These are very small posts and have a very little salary. Always Aim High. These small government jobs always should be a backup but not for life long jobs.
Some government jobs give so much respect in the society like UPSC, RBI GRADE B, SSC CGL(top 10-15 posts), scientist b, PSU, gazetted officer posts, Group A, Group B, AEE, AE, Transco, Genco, etc. Prepare for these exams very hard and try to get in the first attempt because government jobs take so much time. So, better to crack in the first attempt itself.
So finally want to conclude that if you get a product based company or a package of 10 lakhs, go for private jobs. Else go for higher studies or prepare for government jobs. Please prepare only one year for government jobs. Later prepare with a backup job because you will feel depressed, demotivated, stressed. With a backup, you feel confident and able to crack it.