upGrad learner witnesses the highest CTC hike of 329% in Q4; average hike remains at 54%
Mumbai : upGrad, Asia’s higher EdTech major has recorded another milestone with the highest CTC hike of 329% for its learner during Q4FY22 (January – February-March’2022). Even the average CTC hike has spiked by 4% during the quarter this year from 50 per cent in Q3. The domains which saw the most career transitions include Data Science, Machine Learning, MBA, Digital Marketing, and Software Development, amongst others.
These career transitions include the highest CTC hike of 329 per cent in the Digital Marketing domain, followed by an MBA with a 300 per cent, and software Development with a 233 per cent increase. Multiple upGrad learners have also crossed the CTC threshold of INR 1 crore+ during the year for in-demand courses like Machine Learning, AI, and Data Science, thus recording a significant benchmark in the online higher education space. The average increment for verticals like Digital Marketing increased to 67 per cent from 50 per cent earlier, followed by Software Development to 61%.
“Every morning I wake up with messages from our learners stating the kind of career outcomes they have received, and it gives me a sense of achievement and adrenaline to work even harder. We started upGrad with a conviction of creating an impactful higher education ecosystem for our learners and its certainly repeating results,” said Mayank Kumar, Co-Founder and MD, upGrad. “In today’s hyper-connected world, the job roles are constantly evolving and there is a big gap between the talent and the industry demand – which can directly be attributed to the growing adoption of technology across spheres. Hence at upGrad, we aim to address such talent gaps by producing skilled talent who have a strong subject foundation and are also adept with the tech-nuances for directly applying them on the job field. We facilitate the entire lifecycle of a learner from education to employment to further influence positive career outcomes for them.”
Riding high on success with each passing month, upGrad is the only company in the higher education segment in India that not only provides quality content and a wholesome learning experience in the form of synchronous and asynchronous learning but also enable learners to achieve their desired professional outcomes. After completing their course with the global higher-Ed major, these learners have been recruited by major names in the corporate sector such as Accenture, Deloitte, Infosys, Wipro, Tech Mahindra, Amazon, and Publicis Media Groupe, amongst others.
Adding to the growth trajectory, upGrad has also observed a 30% spike in the total number of offers released above INR 25 lacs per annum to its learners.
Husain Tinwala, Co-Founder, upGrad Rekrut, further added, “At upGrad, driving ROI of education for our learners has been of top-most importance to us. Our extensive network of recruiting experts has been able to successfully support upGrad learners with wider placement opportunities and attractive packages even in times when the market remained neutral in terms of hiring. The excellent pedagogy along with various mentorship programs have helped us to produce future-ready quality professionals.”
Aligned with the brand’s vision, the year-on-year increased career transitions are further contributing towards creating a skilled talent pool for recruiters, thus solidifying upGrad’s stature as the LifeLongLearning leader across the higher education space.