Fresh off a successful fiscal year, upGrad, a learning platform, capped off FY24 with considerable growth in annual placements and transitions, reaching a record of 55,000 in a single year. Learners have secured positions across nearly 3000 national and global companies, spanning new roles, career transitions and promotions, with annual compensations ranging from a baseline of Rs 4.5 LPA to a maximum of Rs 1.80 crore.
The hiring spree was particularly pronounced in marketing, data and tech domains, with approximately 50 per cent of placements concentrated in major cities such as Mumbai, New Delhi, Bengaluru and Chennai. Karnataka, Telangana and Tamil Nadu are the key talent-attracting regions.
Notably, post-pandemic market conditions spurred women professionals to upskill for career growth or re-enter the workforce through ‘returnship’ programmes, with almost two-thirds of transitions made by women.
In FY24, upGrad’s Enterprise arm also played a pivotal role in upskilling and training nearly 6,00,000 corporate professionals. Additionally, upGrad has witnessed over 1.4 lakh enrollments in free courses in GenAI, data, AI/ML and technology, underscoring the sustained demand for instant skill enhancement from India Inc.
Mayank Kumar, co-founder & MD, upGrad, attributed the successful placement year to the robust and integrated learning suite offered by the platform, which focuses on driving tangible career outcomes for learners. With offerings tailored for freshers, first-time job seekers, mid-career and senior professionals, upGrad’s approach emphasizes hands-on skill acquisition for real-world job benefits.
Looking ahead to FY25, Kumar highlighted plans for portfolio expansion, including university-led programmes and proprietary certifications and bootcamps, alongside global learner operations, signalling a significant growth trajectory for upGrad in the coming year.
“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,” concluded Kumar.
