Amid layoff and salary cuts, upGrad introduces Job-Linked Management Program with PGP from IMT Ghaziabad for graduates in India
Delhi: To aid fresh graduates to kick start their careers, upGrad, India’s leading online higher education company, has launched a job-linked management program. The fresh development is a part of upGrad’s Academy vertical, which brings an 18-month online post-graduate program (PGP) in partnership with the reputed IMT Ghaziabad, followed by placement opportunities with top-notch employers, exclusively organized by upGrad. This well-structured job-linked management program comes with post-program placement opportunities with a starting CTC of ₹ 3.6 LPA.
While unemployment is a perennial problem our country is dealing with, the effects of Covid-19 on one’s career progression and job security have only made it worse. Unemployment in India was already high at about 7.5% to 8% even before the lockdown came into effect, however, the latest estimate according to the Centre for Monitoring Indian Economy (CMIE) marks it at an alarming rate of 24.6%. Adding to this, the extended nationwide lockdown has resulted in job cuts and unprecedented layoffs across sectors, with 27 million youth in the age group of 20-30 years losing their jobs in just April 2020, as per CMIE. According to a LinkedIn survey, a quarter of the Indian workforce (25%) have reported a decrease in incomes as well.
“March-April is usually considered as the hiring and appraisals season; however, April 2020 has infamously become the layoff season. Leading firms across industries have been announcing layoffs, salary cuts, and are implementing cost-cutting measures by giving preference to retain existing employees than diving into the hiring process. This has made landing a promising job close to impossible for the next 6 months, stirring panic among graduates who haven’t even begun their careers yet. Therefore, in such crucial times, we are reaching out to college graduates in the remotest corners of India, thereby motivating them to make use of the free time to upskill and prepare themselves for a post COVID-19 world,” said Mayank Kumar, Co-founder & MD, upGrad.
The total 18-month program is divided into two stages- 11-months of online learning on the upGrad’s platform, followed by a 7-month paid internship with one of the hiring partners. Graduates in any discipline with minimum 50% and 0-2 years of work experience can enroll, where they will get the best of online learning sessions to ensure smooth training coupled with a chance to interact with industry experts. Also, as a part of the program structure, learners get to choose from four unique specializations based on their career aspirations and thereby enhance their overall learning experience. With the starting CTC of ₹ 3.6 LPA, the job-linked management program also offers a money-back guarantee wherein learners have a chance to recover a part of the total fees that they have paid. The first batch commences on 1st June 2020.
Upon completion of the online program, learners will get certified from IMT Ghaziabad, which is consistently ranked among the Top 20 Business Schools in India, along with the placement opportunities organized by upGrad with top corporates in roles like Marketing, Human Resource, Finance, and Operations.
By constantly evolving its program content and announcing new programs, upGrad is striving towards becoming a virtual or e-university solving educational needs across all verticals.