Does Domain knowledge help student to land job ?

Domain is the process of interviewing candidates for a specific domain or area of expertise. It is a key step in the hiring process, and helps ensure that the candidate is a good fit for the position

Domain knowledge is essential for testing any software product, and it has its own benefits like:
1. It reduces the training time
2. It helps in quick defect tracking
3. It gives good idea on UI feature and backend processing
4. It gives good hold over workflow, business process and rule
5. It helps to understand easily the technical terminology

Eg: There are different domains like Insurance domain, Banking, Health care, finance etc

Imagine we have an experience only on Insurance domain - that means we know terms like what is Insurance, Quotes, Benefits, Endorsements, Policy, Policy holder, Medical questions, Medical conditions, Risk involved, Destinations, Covers, Payments and Calculations.  It has an effect on customers Insurance.

Health care: it has a direct effect on the quality of life of people in each country. Health care (or healthcare) is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. we will go through certain standards to work on this.

But whatever the domain is, role of tester is to make test plans , test scenarios as how to test the new updated system in the best possible way so as to ensure that it is bug free and safe to use.

but, coz of the 5 points which are mentioned above leads to domain specific.. If you have a knowledge on only one domain and company needs immediate joiners as per the requirement. They will hire who has a knowledge on specific domain related to the company coz it saves time. No need to begin from scratch coz u are already have a experienced in that domain. u already know those terms and it becomes easy when they hire u.

Bottom line:
If you learn one domain very strong - you can learn any domain in months. If you have not - then it doesn’t matter how many domains you have been in.
Industry has the bad habit of branding you to be a part of one domain if you have been there long enough.

But that is where we need to convince the interviewer we are fit for any domain. Domain doesn't matters much for testers.. It depends upon how we answer it.  
we need to be sure that u make a note of skills which u r good at.. and explain the interviewer u r capable of handling any domain and automation is not based on domain specific. If it was then probably we would have a lot of domain-specific automation tools and products. We can mention, will automate any web based application.

u can even mention u have a knowledge of other domains as u worked as a freelancer. - if interviewer is more specific about domain.