Post COVID, EduBridge focus on BFSI pays off

EduBridge & Girish - Rising to the changing demand

Post COVID, EduBridge focus on BFSI pays off

IIM alumni startup gears up for the changing job market

EduBridge India, started by a group of IIM alumni and professors, expects to be able to capture a significant part of the Online Education and Skilling market.

MUMBAI, Apr 28 (The CONNECT) - Mumbai-based workforce development organization EduBridge India witnessed demand in BFSI, IT, and ITeS sectors After its successful foray into the Ed-Tech space through its digital arm - (E-ON).  

During the pandemic, these sectors have been growing multiple folds with more job opportunities in the market. Thus, students and job seekers have been influenced to take up such courses which prove to be high in demand in the job market.

As of now, now 65% of total students are being trained in Data Analytics in IT, Business Process Management in the BPO sector, Business Correspondent/ Business Facilitator (BCBF), Sales Executive, Rural Banking Officer, Collection officer in the Banking and NBFC space. Of these 45% have opted for BSFI courses and 50% of them are girl students. 

Girish Singhania, CEO EduBridge, which has been started by started by a group of IIM alumni and professors in October 2009, said, "Post-COVID, India is witnessing rising demand for highly skilled professionals in the IT, Banking, and BPO sectors. Organizations clearly need a large number of skilled and ready to deploy entry-level resources, but the quality of the workforce available is not up to the required standards. This is where we come in.”

“Catering to this demand,” Sighania said, “we have created job-focused courses that include both domain-specific skills and soft skills. This encourages holistic or 360-degree learning for the participants. Leveraging on the digital acceleration in the COVID times, the aim is to upskill the youth of India and prepare them for new-age jobs in the BFSI and IT sector”.

The EduBridge courses have been curated by industry veterans and are delivered through effective activity-oriented training methodologies by instructors through an online classroom. The curriculum provides a comprehensive learning experience and allows students to understand in-depth how the banking and financial industry operates. The courses cover end-to-end banking operations right from the base principles of banking, insurance, legal aspects in banking, IT in banking to enterprise risk management. Post completion of the assessments, students are placed in various organizations dominating the BSFI sector in India.

Students can directly apply for jobs and maintain their certifications under a single login along with getting assistance as required by accessing the dashboard ‘Professional Resume Builder’ and ‘My Jobs section’. Moreover, a dedicated Placement manager also handholds the student through their entire career development and job searching journey. Till now close to 23000 students from Tier II and III have been placed in the last 5 years under their rich guidance.

EON courses are unique in many ways, the key differentiation is that the student is given a personalized placement manager service and minimum 3 guaranteed job interviews from top recruiters. The portal offers a “My Jobs” section where students can view jobs that are handpicked for them and can directly apply. The portal also offers an intuitive, easy-to-use, professional resume builder which helps students create an impressive resume within minutes. Students can take on additional courses to upskill themselves through their dashboard and manage course schedules, progress, assignments, and certifications with ease.

The online education market in India was valued at INR 39 billion in 2018 and is expected to reach INR 360.3 billion by 2024, expanding at a CAGR of ~43.85% during the 2019-2024 period. Also, the government has proposed providing about Rs 99,300 crore for the education sector in 2020-21 and Rs 3,000 crore for skill development in this year's annual budget announcement. EduBridge India expects to be able to capture a significant part of the Online Education and Skilling market and impact over a million youth over the next 2 years through 250+ courses delivered by 5000+ trainers online.

For the last 11+ years, EduBridge had been empowering the youth by providing high-quality skill and career development, along with offering continuous end-to-end support that students need across the entire Career Development continuum from counseling, to training, certification, and placements. As of today, EduBridge has Career academies in 75+ locations across 18 states, with most of these located in tier 2 and tier 3 towns and have trained more than 1,50,000 youth so far and generated 300 Cr+ annual salaries over the last 11 years. EduBridge currently focuses on sectors such as BFSI, IT/ITES, Retail, Hospitality, Logistics, and is looking to work in other sectors in the coming years. It has 500+ corporate partners and has raised Series A funding from Acumen Fund and Insitor Impact.

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