upGrad ends Fiscal’24 with creating 55,000 Jobs
~Skilling major also trained nearly 600,000 professionals under its Enterprise arm in a year~
Mumbai : upGrad, one of Asia’s largest integrated learning skilling and workforce development majors concluded FY24 with steady growth in annual placements and transitions record of 55,000 in a single year. Learners have secured positions in nearly 3000 national and global companies through new jobs, career switches, and promotions, with the annual CTC ranging from a baseline of INR 4.5 LPA to a max of INR 1.80 crore.
Hiring sentiments have remained strong within the Marketing, Data, and Tech domains with nearly 50% of learners placed across major cities such as Mumbai, New Delhi, Bengaluru and Chennai followed by the rest across Pune, Kolkata, Hyderabad, Noida, Gurgaon and Ahmedabad amongst others. Karnataka, Telangana and Tamil Nadu regions have also remained talent-attracting markets. Post-pandemic market conditions have encouraged women professionals to either upskill for stronger career growth or re-enter the workforce through ‘returnship’ programs. Out of the total pool, nearly two-third of transitions were made by women professionals during the year. Interestingly, upGrad has also witnessed over 1.4 lakh enrollments for their free courses in GenAI, Data, AI/ML, and Technology reassuring the continued demand from India Inc. for instant skill-ups.
Commenting on the successful placement year, Mayank Kumar, Co-founder & MD, upGrad noted, “We’ve built a robust and integrated learning suite with courses, bootcamps, and certifications that are reverse-engineered to drive career outcomes for our learners. Freshers, first-time job seekers, mid-career and senior professionals undergo weeks of extensive training/learning to acquire hands-on skills for real-time benefits on jobs. Through our in-house capabilities, years of tech investments, robust university roster, and strategic business mergers, we have developed a master pedagogy that is now scalable and ready to be replicated across new geographies.”
In FY24, upGrad’s Enterprise arm also upskilled and trained nearly 600,000 corporate professionals, enabling organisations maintain a ready talent pipeline. The portfolio served over 1000 mid and large-sized clients in a year including Fortune 500 companies, further consolidating its position as India’s largest integrated learning and skilling major.
“There’s been a strong demand coming from corporates looking for a cost-effective employee-payroll model, and upskilling existing talent has helped them reduce attrition and boost retention rates. FY25 marks a significant growth year as we expand our portfolio including university-led programs and own-branded certs & bootcamps, along with our learner operations globally,” concluded Kumar.