upGrad Learners has granted career increases of 180% to 450%
Mumbai, Maharashtra, India – Business Wire India
upGrad, the leader in Top EdTech in Asia, has released its first Career Trends Report for the month of April to September 2021, highlighting dynamic hiring and compensation trends seen in industries such as technology, new economy, banking, financial services and insurance (BFSI) and media and entertainment. In line with the trends observed by the industry during this period, technology roles were in high demand and in this regard, the upGrad Career report highlights the top 5 roles that recorded the highest demand from employers to include data scientists, data engineers, digital marketers, management graduates and product managers.
The report also suggests an increased demand for upGrad’s technology offerings from their learners, with the Executive PG in Data Science and Executive PG in Machine Learning and AI Program garnering the highest intents and enrollments, closely followed by non-technological offers such as Advanced Certificate in Digital Communication marketing.
Additionally, upGrad saw an increase in hires of 57% from JFM to AMJ, 2021 and 12% from AMJ to JAS, 2021, with the QoQ increase in career transitions, peaking at 1233% (Q1, 2020 vs. Q1, 2021) and 1149% (Q2, 2020 vs. Q2, 2021). Along with the transitions, upGrad has seen a steady increase in the career increases attributed to its learners. UpGrad learners have enjoyed career increases ranging from 180% to 450% after the course ends. In fact, 7.71% of upGrad learners received CTCs on 25 INR lakes, while 7.86% of learners received multiple job offers. Learners received offers from a range of leading companies including Amazon, Oracle, Accenture, Microsoft, TCS, Capgemini, and Publicis Media Group, among others.
The report reflects the two key EdTech trends observed over the past year: one highlights the large capital inflows into EdTech leading to consolidation, highlighting the enormous opportunity and value it presents. in terms of preparing for the future. The second is the influx of online universities, which has overcrowded the market with courses while raising the age-old challenge of quality over quantity. Looking ahead, 2022 is expected to be an exciting year for the EdTech industry, with results and profitability at the forefront, as India is poised to become a thriving global hub for edtech and education. with an emphasis on digital learning.
Commenting on the upGrad Career Trends report, Mayank Kumar, upGrad Co-Founder and CEO added, âAt upGrad, we are committed to delivering meaningful career outcomes for our learners and the data in our Career Report. careers testify to this. With this report, we aim to fill the existing gaps in labor market information and help our audiences of learners and employers to make smart and factual choices.
Speaking on the upGrad Career Trends Report, Ajay Shah, Founder-Managing Director, and Husain Tinwala, Co-Founder and Chief Investment Officer, upGrad Rekrut said: “As a result of the pandemic, the pace of offshoring and startup ecosystems has increased dramatically and as a result, we are seeing increased interest from employers in hiring senior management technologists and professionals. Companies are showing the value they place on such roles through a significant increase in salary packages, multiple offers and even ESOPs are offered to professionals, who have acquired practical skills relevant to the industry. Therefore, with the ensuing talent war, companies are focused on hiring the best talent and they are open to meet the opulent demands of professionals to achieve their goals. Such drastic changes in the approach to hiring and compensation are also pushing learners to hone their skills to take advantage of the massive opportunity that presents itself. The upGrad Career Report testifies to current industry trends and lists the career transitions we have witnessed, in the hiring and compensation function.. “
The report also shed light on some of the changes in hiring techniques that not only put safety first, but also make hiring extremely efficient, fast and profitable. Most companies have adopted technology-based recruiting. It is estimated that 85% of recruiters use virtual interviews, 56% deploy virtual selection and 54% of integrated members virtually. To conclude, nearly 58% of recruiters today have adopted or plan to adopt technology tools in the recruiting process, while 40% are using or will use data-driven insights.
With over 2 million learners, 700 industry experts and internships at over 1,000 leading companies, upGrad mobilizes vast learning and internship data pools. The upGrad Career Report is developed in partnership with Valuvox and is the product of exploring all of this data, along with widely published labor market trends.
Click here for the report.
upGrad, launched in 2015, is a pioneer in the online education revolution, focused on the professional success of a global workforce of over 1.3 billion people.
It is one of the few integrated LifeLongLearning technology companies in the world – ranging from college student to active professional in the 18-50 age group and across undergraduate courses, university and related programs. ’employment, study abroad, short courses to Executive programs up to diplomas, masters and doctorates – with a learner base of over 2 million in 100 countries, and over 300 university partners and a strong corporate enterprise with a customer base of 1,000 companies worldwide.
UpGrad’s global learning engine is built on four pillars: (a) its vast repository of original and owned content and intellectual property (b) its own proprietary, top-notch technology platform (c) its highly-rated delivery service. tactile supported by coaches and mentors (d) a track record of success of 85% of the courses, supported by 80% of additional career results and guaranteed performances.
Already referred to as Asia’s highest EdTech leader, it has offices in the UK, US, Middle East, India, Singapore and Vietnam and has a presence in many other countries.
Disclaimer: Background is no guarantee of future employment prospects
Media contact details: Neha Prasad, upGrad, email@example.com
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