When you sow the seeds of hard work, you expect a rich harvest of success. The PGDBA which began in 2015, jointly designed by three premier institutions of Bengal – IIM Calcutta, IIT Kharagpur and Indian Statistical Institute (ISI) was optimistic of reaping a rich harvest of success for the hard work put in.
Their efforts paid off in the recently concluded final placement drive organized for the first 2015-2017 batch of Post Graduate Diploma in Business Analytics (PGDBA). Apart 38 companies participated in the drive which included Fortune 500 companies like American Express, Walmart Labs, PwC, MasterCard, JPMC, etc. The most worthy formed the list of successful candidates and they were offered the highest domestic package of Rs.20.14 lacs, while the international offer stood at a record of Rs. 33.67 lacs. The average annual package offered was Rs. 17.14 lacs on the domestic front, while it was Rs. 18.07 lacs by international companies.
The graduating batch comprising of 51 students, received a total of 52 offers of which 49 were domestic and three were international offers.
Major Institutes PGDBA Students Offered Highest Package Of Rs.33.67 Lacs
The PGDBA first batch was started in 2015. The course is jointly designed by three premier institutions of Bengal – IIM Calcutta, IIT Kharagpur and Indian Statistical Institute (ISI).
In the consulting domain, PwC US Advisory, Deloitte, Alvarez & Marsal and EXL Services hired candidates for Consultant Positions in Analytics. In the Finance and Financial Services domain, American Express and MasterCard hired candidates for their Payments Analytics division while Dunia Finance, Edelweiss Financial Services and Societe Generale hired candidates for Financial Analytics Roles.
International offers came from Mitsubishi Fuso in Tokyo and Dunia Finance in Dubai.
Each of these organizations had tailor made roles for the successful candidates. They included Senior Data Scientist and Associate Data Scientist, Analytics Manager, Statistical Analyst, Big Data Analyst, Lead Business Analyst, Solution Analyst, Experienced Associate and Assistant Project Manager.
Slew of buyouts in education technology space
A recent wave of consolidation in the education technology business could result in companies with the size and scale required to tap the opportunity in the space in India.
Varun Aggarwal is hunting for companies that can help his firm scale up operation and provide more solutions in the education and jobs assessment space. He is the co-founder of Aspiring Minds that helps students assess their job-readiness and helps find better candidates by using assessment tools.
Aspiring Minds acquired two firms in past 18 months:
–one that helps students find internships
–another in the jobs and skills assessment space
“We are on the lookout for firms that can help our business,” said Aggarwal. Ed-tech, as it is called, is older than new flavours fin-tech and food-tech, but it has flattered, only to deceive.
THE WAVE IS TIDING UP
1. In July, ed-tech start-up Byju’s (Think and Learn Pvt. Ltd) acquired Pearson Plc’s TutorVista and Edurite for an undisclosed amount. It was a bid aimed at expanding its global reach and offerings for students.
2. Kota-based test prep firm Career Point said in June it would buy online test-prep firm Plancess EduSolutions.
3. Online competitive exam and tuition start-up toppr.com in 2016 acquired Manch
4. Careers 360 (education technology firm )has already acquired two companies
1. Such activity is good for the eductaion sector as a whole
2. If somebody has developed a solution and is buyable, buy it for the betterment in education sector
Investors poured in $517 million across 231 deals in ed-tech sector since 2014, according to Tracxn Technologies, a start-ups tracker. The ed-tech space raised funds worth $101.7 million in 2014, $126.4 million in 2015, $186.1 million in 2016 and $103.4 million so far in 2017, Tracxn data showed.
Seed Funding For Online Education Start-Up Leverage Edu
Give and take phenomenon was yet again witnessed. Leverage Edu of New Delhi, an online platform which offers students higher education services through its website leverageedu.com was seed funded by potential investors for strengthening its team and development of the product. However quantum of the amount was not disclosed. It is move to tap in the market that search giant Google and consultancy firm KPMG estimate will grow almost eight times to hit $1.96 billion by 2021.
The investors who made it possible were Kashyap Deorah, founder of HyperTrack; VRL Logistics Managing Director Anand Sankeshwar; Sadashiva NT, former Chief Financial Officer of Babajobs; and Arjun Mehta, former CFO at American Express India, among others.
It’ll Be Used For Development Of Education
Founded in April, 2017, Leverage is led by Akshay Chaturvedi and Rajiv Ganjoo. Chaturvedi, an alumnus of Indian School of Business, was earlier a Senior Executive at recruitments portal Babajobs. This also includes stints at CL Educate and Veritas. It incorporates machine learning to aid students to be at par with 2500 colleges and 100 experts procedure, offer college admissions and finance services, which include help in creating profiles for universities, writing research papers, filing patents and dedicated counseling through experts. It aids students to be at par with 2500 colleges and 100 experts. To universities, Leverage offers UnivGateway, a Saas-based (software-as-a service) tool to help them admit the right students.
“As per the official statement of Leverage Edu which is in the same segment as that of Careers360, their machine intelligence and a well organized team of experts guide the students in choosing the right, and avoid the selection of inexperienced traditional options, many times family members,” said Chaturvedi. This software of Leverage will provide help to aspiring student work on her applications, get on-demand mentoring, access to education loans and foreign exchange, living, and much more.”
NIIT to Deliver Next Gen Digital Transformation Courses
NIIT Limited (National Institute of Information Technology), an institute of great repute and a global leader in skills and talent is all set to offer Next Gen courses in Digital Transformation to the Universities in India. NIIT will introduce its globally aapproved proprietary NIC (NIIT Inside Campus) model in universities and colleges across India.
After strategic tie-ups with premier institutions, NIIT will be offering futuristic programs in MEAN Stack, Big Data & Data Sciences Stack, Design Thinking, Cloud Stack, Internet of Things (IOT) Stack, Artificial Intelligence and Machine Learning, Robotics and Virtual Reality and Cyber-Security.
Though India is highly valued for education in the global scenario but its education sector is stung with the issues of quality, consistency and employability. As per the All India Council for Technical Education more than 60% of the engineers graduating from technical institutes across India are unable to find themselves a job.
Indian Universities To Be Enriched With Next Gen Courses
‘NIIT Inside’, a globally successful on-campus, customized education delivery model that is integrated with the institution’s bachelor degree programs, wishes to reduce the gap. It is instrumental in helping higher education institutions and universities to keep pace with changes in the global and local IT industry, and equip its students with the latest, in-demand skills that make them relevant in today’s work scenario.
Elaborating on the strategic move, Rahul Patwardhan, Chief Executive Officer, NIIT Ltd., said it is not only India who is into it but the whole world is after Digital Transformation and ‘go Digital’ has become the voice for those who want to make an impact and thrive in the emerging Digital age. This will be worked with other institutions across India.
Sanjay Tickoo, Head, Emerging Markets & NIIT Inside Business in India, NIIT Ltd., mentioned it as a very effective move for a close knit collaboration with higher education institutions to promote the industry-academia interface by offering cutting-edge programs in Big Data, Java Enterprise Apps with DevOps and more to help create a talent pool aligned to the industry needs.”
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