Blog_Banner_Asset
    Homebreadcumb forward arrow iconBlogbreadcumb forward arrow iconEntrepreneurshipbreadcumb forward arrow iconLetter from the CEO: Take Charge of Your Career

Letter from the CEO: Take Charge of Your Career

Last updated:
11th May, 2017
Views
Read Time
5 Mins
share image icon
In this article
Chevron in toc
View All
Letter from the CEO: Take Charge of Your Career

I have been thinking about this for some time now and the idea behind UpGrad in many ways was formulated from our combined thought processes on how new technologies are impacting Indian industries at large, and the Indian IT industry in particular – a topic that is being discussed everyday in our media in the form of job losses, firing, layoffs, disappointing IT sector earnings etc. In the past few months we have all read and seen many stories around this increasingly uncertain world of technology and automation.

Learn Online MBA Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

One can look at this as glass half empty, or one can be optimistic about what is happening around us. I have always believed that the gloom surrounding the number of jobs being lost is not adequately compensated by the optimism on the types and magnitude of jobs being created in new-age areas of data, digital, products, cybersecurity etc.
With an acute shortage of 2 lakh professionals in Data Analytics by 2018, 1.5-2 lakh jobs in Digital Marketing and thousands of jobs in the Product Management space expected to come up, we are faced with a new challenge of matching this demand for new job roles in emerging areas, with adequate supply.
The conventional education model is letting us down in this regard.
Top 5 Questions Entrepreneurs Should Be Asking Themselves

Today, more than 80% of engineering graduates are unemployable.

Roughly 50-60% of employers are facing difficulty in filling jobs. The head of a leading technology consulting firm was recently quoted as saying that about 65% of IT employees are not even re-trainable. It does sound a bit scary…
I guess in this entire narrative what we have failed to see is that those employed in the IT sector are too comfortable – doing the same thing over and over again. The fact that a lot of what they do is getting obsolete, hasn’t sunk in.
Everyone is thinking that their company will help them get re-skilled. But the Indian IT services sector in India employs roughly 3.5 million and the challenge of upskilling the IT sector workforce puts the industry and young India at a crossroad. One where individuals must get up and take charge of their career – on their own.
https://journal.upgrad.com/employability-solution-skill-development/
If you were once a systems administrator you could now be a system and network architect. If you worked as a web designer, opportunities in UX are now knocking at your door. You could go from being a project manager to a product manager and much, much more!
This is why, at UpGrad, we have committed to the cause of preparing the driven, ambitious and motivated youth of India for the careers of tomorrow. We believe that instead of getting swept away by the wave of automation, one should ride it and take charge of their career. Our programs around Data Analytics, Product Management, Digital Marketing, etc, have been carefully created keeping this very objective in mind.
We have been fortunate enough to witness tangible change in the lives of our students. These are extremely motivated individuals who decided to upgrade their skills at the right time and successfully transition into newer fields. We have seen hundreds of career transitions with 30%+  salary hikes. About 80% of our batch of Data Analytics students belonged to an IT background and they were able to get jobs at companies like E&Y, KPMG, Fractal Analytics, Societe Generale, PayTM, Shopclues, Phillips, WNS and many more.

We have proven that just because a program is online does not mean that the education is less rigorous.

The programs that we have created push individuals to learn new concepts, equip themselves with new skills and be ready to face the future. One of our students, Thulasiram, made a remarkable shift from the Navy into Data Analytics. He says –

“I was ready to push myself, challenge myself to be able to learn Data Analytics. I knew that would be the game-changer in my career.”

Data Analytics Student Speak: Story of Thulasiram

Cities such as Bangalore had made a similar change possible many years ago and were largely responsible for the rise of the Indian middle class. In Karnataka itself, (given that it is home to Bangalore – the true Silicon Valley of India) in 2015-16, revenue from exports of electronics, IT software and BT fell by 65 percent from 2014-15, according to a newspaper report. In addition, in 2015-17, tens of thousands of IT employees were laid off­ by giants like Wipro, Infosys, Tata Consultancy Services, and even start-ups like Flipkart.
The rise of the Indian middle-class was made possible by the rise of IT in India; it is now time for a similar structural adjustment with respect to data and digital technologies – better known as the Fourth Industrial revolution. The only way it will happen is if individuals take charge of their career and not expect others to help them!

If you want to learn more about marketing and entrepreneurship, Liverpool Business School & upGrad offers Master of Business Administration (MBA) Liverpool Business School which helps you to transform your career. The program provides 1-on-1 mentorship from industry leaders, 1-week immersion program at University campus, dual credentials (MBA from LBS & PGPM from IMT), network with peers at offline basecamps and more.

Profile

Mayank Kumar

Blog Author
Mayank Kumar is Co-Founder and CEO, UpGrad.
Get Free Consultation

Select Coursecaret down icon
Selectcaret down icon
By clicking 'Submit' you Agree to  
UpGrad's Terms & Conditions

Explore Free Courses

Suggested Blogs

5 Simple Ways To Think Like An Entrepreneur: How To Make it Happen
5811
How to think like an entrepreneur? The ‘Entrepreneurial world’ could be a mind-boggling place for a first-time business owner. With the overwhelming v
Read More

by Anirudh Challa

26 Jun 2023

Are ESOPs a Good Option to attract the Best Talent for Startups?
5728
Employee Stock Option Plans (ESOPs) are part of policies to attract, motivate and retain employees by organizations. Thanks to the startup ecosystem,
Read More

by Himanshu Puri

25 Mar 2023

The Future of Jobs – Automation Mimicking Human Intelligence
899107
This is an excerpt from the book ‘The Fuzzy and the Techie – Why the Liberal Arts Will Rule the Digital World’ by Scott Hartley. Scott Hartley f
Read More

by Kechit Goyal

19 Mar 2023

How to Become an Entrepreneur :Steps, Tips and Best Degree
5571
It’s mostly a dream for everyone to become the master of his own business. And why not? The time for following the bosses’ orders has now shown a tren
Read More

by Rohit Sharma

07 Mar 2023

Top 7 Success Tips for First Time Entrepreneurs
5239
Renowned Silicon Valley investor and serial entrepreneur Peter Thiel wrote in his best-selling book, “Going from 0 to 1 is the hardest thing in the wo
Read More

by Dilip Guru

24 Feb 2021

The Emerging Technologies to Watch for 2018 – 2024
6258
A few years back, a research was conducted by Forrester about the progressive behaviour and pattern of the B2B customers. The study revealed that 74%
Read More

by Anshuman Agrahari

08 Jan 2021

Top 10 Essential Tools For Startup Business in India 2024
6153
  In a start-up, absolutely nothing happens till you make it happen. – Marc Andreessen If you are a start-up or nursing the idea of start
Read More

by Anirudh Challa

08 Jan 2021

Startup and Mid-tier business: Can they grow in 2024?
5199
The world is evolving at a rapid rate as new technologies disrupt traditional business practices. Almost every industry has been transformed by new te
Read More

by Helen Cartwright

08 Jan 2021

4 Pillars of Scalable Startup Entrepreneurship & Seed-Funding!
5513
The startup entrepreneurship landscape in the 21st century is phenomenal. Startup entrepreneurs are working on brilliant ideas in their quest to be th
Read More

by Dilip Guru

03 Jan 2020

Schedule 1:1 free counsellingTalk to Career Expert
icon
footer sticky close icon