In the vibrant city of Mumbai, GoLearn, a trailblazing online educational initiative, has unveiled its dedication to empowering scholastic high-achievers hailing from smaller locales. The focus is on endowing them with crucial upskilling prospects within the rapidly burgeoning Banking, Financial Services, and Insurance (BFSI) domain. With the BFSI sector poised to attain a staggering valuation of USD 1.8 trillion by 2025, GoLearn’s meticulously crafted online courses aim to bridge the educational divide. This endeavor facilitates access to top-tier education for talented individuals who would otherwise find themselves compelled to relocate to urban centers for advanced training.
The urgency of this mission amplifies as the BFSI sector, flaunting a predicted Compound Annual Growth Rate (CAGR) of 8.6%, extends its influence from the metropolis peripheries into the rural and semi-urban hinterlands. Surveys underscore a notable trend – over 40% of recently established bank branches within the past five years are situated in semi-urban and rural areas. This spatial shift is propelled by national financial inclusion initiatives, a surge in rural incomes, and the wider adoption of internet services.
Despite these favorable developments, the sector grapples with a conspicuous predicament – a glaring deficit of adept professionals. The National Skill Development Corporation (NSDC) underscores an immediate demand surpassing 1.6 million skilled individuals, particularly in pivotal domains like wealth management, fintech, cybersecurity, and digital banking.
This need is particularly acute in India’s smaller towns, where opportunities for premier education and training are scant. According to Monster, BFSI job listings are projected to witness a 45% surge in 2023. To meet the escalating demand for adept BFSI professionals, GoLearn proffers specialized, placement-centric upskilling courses tailored for academic high-achievers residing in the lesser-explored cities and towns of India.
These courses are meticulously crafted to address the distinctive requirements of the BFSI sector, endowing graduates with a fusion of theoretical acumen and practical prowess requisite to navigate the dynamic industry landscape. GoLearn has forged strategic collaborations with esteemed institutions, including FinX for a Post Graduate Program in Wealth Management (PGPWM), The Python Quants (TPQ) for courses in Quantitative Finance and Algorithmic Trading, and The London Institute of Banking & Finance (LIBF) for an advanced MSc program in Banking and Finance.
These partnerships ensure GoLearn’s curriculum remains at the forefront of financial education, catering to burgeoning realms such as quantitative finance and algorithmic trading. Ninad Vengurlekar, the CEO of GoLearn, accentuates the platform’s distinctive value proposition, stating, “At GoLearn, our commitment runs deep in providing scholastic high-achievers from smaller towns with access to high-caliber upskilling programs that are not only cost-effective but also intricately linked to tangible job placements.”
The emphasis is on imparting pragmatic skills directly applicable in the workplace, transcending the conventional bounds of theoretical learning. This approach not only readies our graduates for seamless integration into the industry but also positions them to make substantial contributions from day one on the job. He further underscores GoLearn’s strategic role, asserting, “Our initiative to unearth the latent potential in semi-urban and rural areas plays a pivotal role in sustaining the growth of the BFSI sector.”
By equipping individuals in these regions with essential skills and knowledge, GoLearn becomes instrumental in diversifying the BFSI workforce, fostering innovation, and propelling growth across India. This initiative proves vital for maximizing India’s demographic dividend and ensuring the benefits of BFSI sector expansion are widely shared, rendering financial services more accessible and inclusive for all.
GoLearn’s undertaking marks a significant stride in online education, addressing the skill void in the BFSI sector and championing sustainable, inclusive growth nationwide. It empowers scholastic high-achievers from smaller towns, offering them the chance to thrive in the financial industry without the need for relocation.