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How to Create a Standout Resume for Freshers: A Complete Guide

How to Create a Standout Resume for Freshers: A Complete Guide

Updated on 21 October, 2024

5.82K+ views

• 16 min read

Table of Contents

Key Highlights
Understanding Student Resume Essentials
Types of Resume for Freshers
Steps to Format a Resume for Freshers
Structuring the Education Section in a Resume for Freshers
Highlighting Skills and Experience
Tailoring a Fresher's Resume
Optional Sections to Enhance a Resume for Freshers
Dos and Don’ts When Writing a Resume for Freshers
Free Tools to Create a Resume for Freshers
Sample Templates of Functional Resume for Freshers in 2024
Conclusion

Stepping into the job market as a fresher is like preparing for your first marathon. You’ve trained and studied, but you still need a solid strategy to stand out, and that’s where your resume for freshers comes in.

According to the Economic Survey 2023-24, 51.25% of the country’s youth is deemed employable. With many peers in the race, a standout resume is your best chance to catch employers' attention.

So, what is a fresher, and what constitutes a freshers’ resume? A fresher is someone starting their professional journey, whether freshly graduated or entering the workforce for the first time.

Your resume serves as an introduction to potential employers, highlighting your academic achievements, skills, internships, and projects instead of past work experience.

So, are you ready to create a resume that helps you stand out from the crowd? Dive right in!

Key Highlights

Here are the key highlights to ensure your resume format for freshers is clean, professional, and easy to read.

Resume for Freshers Element	Recommendation
Font Style	Arial Cambria Times New Roman
Font Size	10-12 pt
Margins	1 inch on all sides
Line Spacing	1.0 to 1.15
Section Headings	Bold, 14-16 pt
Bullet Points	Use simple dots or dashes, avoid fancy symbols

Understanding Student Resume Essentials

According to the National Association of Colleges and Employers (NACE), 86% of employers prioritize problem-solving skills when hiring recent graduates, while over 60% emphasize teamwork.

Highlighting these essential abilities in your resume can help you stand out in a competitive job market.

Explore why the right structure for a resume for freshers is key to landing that first job!

Importance of a Well-Crafted Student Resume for Career Opportunities

A well-crafted resume for freshers can be the key to your big first career opportunity. With 93% of all resumes including action-oriented phrases, it’s crucial to communicate your skills and achievements effectively. To make a strong impression, your resume should focus on demonstrating both your abilities and potential.

Here are the key elements to include in your resume.

Action-Oriented Language:
Use powerful verbs like "managed," "created," or "collaborated" to describe your experience.
Skills and Abilities:
Highlight relevant skills such as problem-solving, teamwork, and communication that employers are seeking.
Internships and Projects:
Showcase hands-on experience through internships, college projects, or volunteer work.
Education:
List your academic achievements and any honors or awards.
Tailored Content:
Customize your resume for each job application to align with the role's specific requirements.

Key Components of a Resume for Freshers

A resume for freshers is a personal highlight reel showcasing your skills and achievements in a competitive job market. The goal is to make recruiters say, “We need to know more about this candidate!” Each component, from projects to internships, acts as a building block.

Here’s what to include to ensure your resume stands out.

Resume for Freshers Component	Details
Skills	Highlight technical and soft skills relevant to the job you’re applying for.
Education	List degrees, certifications, academic achievements, and honors.
Experiences	Include internships, part-time jobs, volunteer work, or college projects.
Achievements	Mention awards, honors, or significant accomplishments to showcase excellence.

Types of Resume for Freshers

Making the right first impression when creating a resume is crucial, especially since one in four hiring managers spends less than 30 seconds reviewing it. Choosing the right resume format, in this case, can help you present your education, skills, and experiences in the best light.

Dive into the main types of resume formats for freshers.

1. Chronological Resume

The most commonly used format is a chronological resume, also known as the reverse chronological format. It lists your experiences in reverse order, starting with the most recent. This format is ideal for a resume for freshers with relevant internships or projects to showcase.

Here are the key features of this resume for freshers.

Experience Focus:
Lists experiences in the order they happened, starting from the earliest.
Clear Progression:
Highlights a steady progression in education or internships, ideal if you've had long-term commitments.
Consistency:
Best for candidates with a clear, consistent academic or experience history.
Structured Timeline:
This timeline shows step-by-step growth over time but does not always emphasize the most relevant or recent experience.

2. Functional Resume

A functional resume focuses on skills and qualifications rather than a detailed job history, making it ideal for freshers who want to emphasize their abilities over their lack of formal work experience. It’s perfect for showcasing what you can do, even without extensive experience.

Here are the key features.

Skills-Based:
This approach prioritizes key skills and qualifications over job history, making it ideal for freshers or those with gaps in their experience.
Grouped by Skill Sets:
Organizes the resume around skill categories (e.g., Communication skills or technical skills) rather than specific roles.
Minimal Experience Section:
Job titles and company names are mentioned briefly, often without detailed descriptions.
Focus on Abilities:
Highlights what you’ve learned through education, internships, or personal projects.
Ideal for Freshers:
Perfect for freshers with limited formal work experience but strong skills relevant to the job they're applying for.

3. Combination/ Hybrid Resume

A combination or hybrid resume blends the best of both worlds, focusing on both skills and work experience. It’s a great format for freshers who want to highlight their skills while also showcasing relevant internships or projects.

Here are the key features.

Mix of Skills and Experience:
This format combines elements of functional and reverse chronological formats, giving equal importance to skills and recent experience.
Skills Highlighted First:
Skills are presented prominently at the top, followed by work experience or internships.
Best of Both Worlds:
Allows you to showcase both what you can do (skills) and what you’ve done (experience).
Relevant Experience:
Perfect for freshers who have a few relevant internships or projects to showcase but want to emphasize their abilities.
Balanced Format: This format is ideal for those transitioning from academia to work, as it strikes a balance between showing potential and proven work.

Comparison Between the Three Types

Each resume format has its own flair, so let’s break it down to see which one best fits you. Here’s a quick comparison of the three resume types.

Resume Type	Best For	Focus	Key Features
Chronological	Freshers with a consistent academic history	Work experience and education in order	Lists experiences from earliest to latest
Functional	Freshers with limited formal experience	Skills and abilities	Emphasizes skills over job history
Combination/Hybrid	Freshers with both skills and some experience	Balance of skills and experience	Highlights both skills and recent roles

Steps to Format a Resume for Freshers

When it comes to creating a resume for freshers, less is often more. In fact, over 40% of recruiters are put off by excessive design elements that make a resume hard to read. Proper formatting is key to making sure your qualifications shine through without any distractions.

Check out how you can format your resume in a clean, professional way that grabs attention for all the right reasons.

Choose the Right font and Size

For a polished look, use professional fonts like Arial or Times New Roman, with 10-12 pt for body text and 14-16 pt for headings. Avoid decorative fonts to keep your resume professional and easy to read.

Use Proper Margins

Set your margins to 1 inch on all sides for a clean, balanced appearance. While narrower margins can accommodate more content, be careful not to make the text look cramped and difficult to read.

Order of Sections

The typical order for a resume for freshers should include the following.

Header:
Name, contact information, and LinkedIn profile.
Objective or Summary:
A brief statement outlining your goals.
Education:
List your qualifications, starting with the most recent.
Skills:
Highlight relevant technical and soft skills.
Experience:
Include internships, part-time jobs, or volunteer work.
Achievements:
Mention any awards, certifications, or notable projects.

Consistency in Style

Make sure your formatting is consistent throughout the resume. Here's a quick look.

Step	Summary
Choose a Clear and Simple Format	Select a straightforward format that suits your industry and experience.
Use Consistent Language and Tone	Use active verbs and consistent tense, voice, and structure.
Proofread and Review	Double-check for errors, use tools for grammar, and ask for peer feedback.
Tailor for the Job	Compare your resume with the job description and adjust it to match keywords and expectations.
Keep it Concise	Limit your resume to one or two pages.

Structuring the Education Section in a Resume for Freshers

With 79% of hiring managers now open to hiring candidates with career gaps, it's clear that highlighting your education and relevant skills is more important than ever. A well-structured education section can help you make a strong impression, even without extensive work experience.

Here’s how to create an education section in a resume for freshers that stands out.

What to Include?

When listing your education, be sure to include the following details.

Degree (e.g., Bachelor of Science in Computer Science)
University (e.g., XYZ University)
Location (e.g., City, State)
Graduation Date (e.g., May 2024)

Highlight Academic Achievements

If you’ve excelled academically, this is the place to show it off!

You can include awards, scholarships, or distinctions that demonstrate your academic dedication and success. Highlighting these achievements near the education section can give you a competitive edge.

Examples:

Dean’s List (2020-2024):
Achieved top academic performance, consistently ranked in the top 5% of the class.
XYZ University Merit Scholarship (2022):
Awarded based on outstanding academic performance and leadership potential.
Best Final Year Project (2023):
Recognized for innovation and problem-solving in developing a sustainable energy solution.

Handling GPA and Relevant Courses

Your GPA can be listed if it’s impressive (generally 3.5 or higher), but it’s optional. Including 3-5 relevant courses that align with the job you’re applying for can also strengthen your resume.

Many institutions use CGPA or SGPA, but you may need to convert these to a GPA format for international job applications to present your academic achievements effectively.

Optional Details

Here are other optional details you can include in your resume to add more value and personalize it.

Optional Detail	How Many to Include?	Details to Provide
Certifications	2-3 relevant certifications	Name of certification, issuing organization, date of completion
Academic Projects	1-2 key projects	Title, description, key skills used, outcome or result
Extracurricular Activities	2-3 activities	Role, organization, and skills gained
Volunteer Work	1-2 relevant experiences	Role, organization, and how it relates to the job or skills demonstrated
Languages	1-2 languages	Mention fluency level (basic, intermediate, fluent)

Highlighting Skills and Experience

Identifying key skills, such as technical and soft skills, and showcasing relevant experience through internships or volunteer work can set you apart from other candidates.

Time to explore these areas in detail.

Distinguishing Between Soft and Hard Skills

When creating your resume for freshers, it's important to highlight both soft and hard skills, as they give employers a complete picture of your abilities.

Hard Skills: These are technical, job-specific skills that can be measured and learned through education or training.
- Examples: Programming (Python, Java), Data Analysis, Graphic Design, Financial Modeling.

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Soft Skills: These are personal attributes and interpersonal skills that help you thrive in a work environment.
- Examples: Communication, Teamwork, Problem-Solving, Time Management.

Inclusion of Internships, Volunteer Work, and Informal Jobs

Here is a table to help you understand what to include and how.

Type of Experience	What to Include?	Example
Internships	Company name, role, responsibilities, and outcomes	Marketing Intern, ABC Corp: Assisted in social media strategy, increasing engagement by 20%.
Volunteer Work	Organization name, role, key contributions	Volunteer, XYZ Nonprofit: Led a fundraising campaign, raising $5,000 for local schools.
Informal Jobs	Role, key tasks, and any notable achievements	Freelance Tutor: Provided math tutoring for high school students, helping improve their grades by 15%.

Transferable Skills for Job Applications

Here are some skills to show employers that you have the foundation to succeed in various roles.

Communication:
Ability to clearly convey ideas, both verbally and in writing, across different platforms.
Problem-Solving:
Skilled at identifying issues and finding creative, practical solutions.
Teamwork:
Experienced in collaborating with others to achieve common goals.
Time Management:
Capable of prioritizing tasks and meeting deadlines efficiently.
Leadership:
Demonstrated leadership skills through group projects, volunteer work, or team roles.
Adaptability:
Ability to adjust quickly to new situations and environments.

Tailoring a Fresher's Resume

A one-size-fits-all resume won’t showcase the specific skills or experience needed for different roles, but customization can make you stand out from the crowd.

Here’s how to effectively tailor your resume.

Utilizing Keywords from Job Descriptions

Job descriptions provide key terms employers are looking for, such as required skills or qualifications. For example, if a job asks for "data analysis" and "Excel proficiency," be sure to include these exact phrases in your resume to align with the role.

Adjusting Keywords for ATS

Many companies use Applicant Tracking Systems(ATS) to filter resumes before they reach a hiring manager.
To ensure your resume gets through, focus on the following.

Including exact keywords from the job listing.
Using job titles and phrases that match the job description.
Avoiding unnecessary graphics or complex formats that ATS might not process.

Tailoring to Specific Industries

Tailoring your resume to fit these needs helps you stand out. Here's how to adjust.

Tech Industry:
Focus on technical skills, certifications, and relevant projects.
Finance Industry:
Highlight analytical skills, financial modeling, and internships.
Marketing Industry:
Showcase creativity, social media expertise, and content creation.
Healthcare Industry:
Emphasize patient care experience, medical knowledge, and any healthcare certifications.
Education Industry:
Focus on teaching experience, curriculum development, and student engagement skills.

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Optional Sections to Enhance a Resume for Freshers

Adding optional sections to your resume for freshers is like adding sprinkles to a cupcake. It makes it more appealing!

Explore some optional sections you can include.

1. Languages Spoken

Being multilingual can be a significant asset in today’s global job market. Mention any languages you speak, along with your proficiency level.

Example:

English: Fluent
Spanish: Conversational
Mandarin: Basic understanding

2. Hobbies and Interests

Including hobbies and interests can give employers insight into your personality and what you enjoy outside of work.

Example:

Photography:
Passionate about capturing landscapes and events; won a local photography contest.
Volunteering:
Actively participate in community clean-up drives and animal shelter work.
Sports:
Member of the university basketball team, encouraging teamwork and leadership skills.

Dos and Don’ts When Writing a Resume for Freshers

Employers are swamped with applications, so keeping your resume clear and concise helps your qualifications shine without drowning recruiters in fluff.

Follow these simple dos and don’ts to make sure your resume stands out for all the right reasons!

Dos	Don’ts
Keep it concise (1 page max)	Include irrelevant information
Use bullet points for clarity	Use complex language or jargon
Tailor your resume for each job	Lie or exaggerate your experiences
Highlight quantifiable achievements	Use unprofessional email addresses
Proofread for errors	Forget to update your resume regularly

Also Read: 15 Best Resume Writing Tips To Help You Land a Job [2024].

Free Tools to Create a Resume for Freshers

With free resume builders at your fingertips, you can breeze through the process and create a professional-looking resume that highlights your skills in no time. These tools make it easy to impress employers without breaking a sweat.

Check out some of the top resume builders that can help you conquer your job search.

Resume Builder	Unique Features
Canva	Offers a vast library of creative templates and design tools for customization.
Zety	Provides personalized suggestions and tips for each section, along with easy-to-use templates.
Resume.com	Simple interface with a variety of templates and one-click download options.
Novorésumé	Focuses on modern, one-page resumes with a user-friendly design and customizable sections.
VisualCV	Allows for visually appealing designs and easy sharing options, plus the ability to track views of your resume.

Sample Templates of Functional Resume for Freshers in 2024

A functional resume is perfect for freshers to highlight skills over experience. Keep in mind, 35% of employers reject resumes with unprofessional email addresses, so ensure yours is professional.

Below are short templates for IT, finance, and marketing roles. Personalize and expand them as needed for your job search.

1. IT Job Template

This IT job template provides a structured framework to simplify and enhance your recruitment process for technical roles.

Name: John Doe
Contact Information: Email | Phone | LinkedIn

Objective:
Aspiring software engineer with strong problem-solving skills and experience in coding through academic projects. Seeking a role in software development to utilize skills in Python, Java, and data structures.

Key Skills:

Proficient in Python, Java, and SQL
Strong knowledge of algorithms and data structures
Web development (HTML, CSS, JavaScript)

Projects:

Website Development:
Created a fully functional e-commerce website using HTML, CSS, and JavaScript.
Data Analysis:
Built a Python program to analyze large datasets and provide insights for decision-making.

Education:
Bachelor of Technology in Computer Science, XYZ University.
GPA: 3.5/4.0
Graduation Date: May 2024

2. Finance Job Template

This template offers a comprehensive structure to streamline and improve your recruitment process for financial positions.

Name: Jane Smith
Contact Information: Email | Phone | LinkedIn

Objective:
Motivated finance graduate with strong analytical and numerical skills seeking a role in financial analysis. Experienced in financial modeling, investment research, and data analysis through academic projects.

Key Skills:

Financial modeling and forecasting
Proficient in Excel, QuickBooks, and SQL
Strong knowledge of corporate finance, investment strategies, and risk management

Projects:

Investment Analysis:
Conducted a comprehensive analysis of a Fortune 500 company's financial health using key financial ratios. Presented findings that led to a 10% improvement in portfolio allocation for a class project.
Financial Modeling:
Built detailed cash flow models for budget forecasting, resulting in a 15% increase in accuracy for a university-led simulation.

Achievements:

Dean’s List (2021-2023):
Consistently ranked in the top 5% of finance students.
Finance Excellence Award (2022):
Awarded for outstanding performance in corporate finance and risk management.

Education: Bachelor of Commerce in Finance, ABC University
GPA: 3.1/4.0
Graduation Date: May 2024

3. Marketing Job Template

This template provides a clear framework to simplify and optimize your hiring process for marketing roles.

Name: Sarah Lee
Contact Information: Email | Phone | LinkedIn

Objective:
Creative marketing graduate with a strong foundation in digital marketing and content creation. Looking to apply skills in social media strategy and brand management in a dynamic marketing role.

Key Skills:

Digital marketing (SEO, SEM, Social Media)
Content creation and copywriting
Proficient in Google Analytics, Canva, and Hootsuite

Projects:

Social Media Campaign:
Developed and executed a successful social media campaign for a local business, increasing engagement by 25% and boosting followers by 15% in just two months.
SEO Strategy:
Implemented a strategic SEO overhaul for a university blog, leading to a 30% increase in organic traffic and a 20% rise in keyword rankings.

Achievements:

Top Marketing Graduate Award (2023):
Recognized for excellence in digital marketing and campaign management.
Dean's List (2021-2023):
Achieved top 10% ranking in the marketing department for academic performance.
Content Creation Competition Winner (2022):
Won first place for creating a high-engagement social media content series in a university-wide competition.

Education: Bachelor of Business Administration in Marketing, DEF University
GPA: 3.7/4.0
Graduation Date: May 2024

Enroll now for UpGrad's free marketing course and start your journey to becoming a pro today!

Conclusion

Creating a standout resume for freshers is crucial in making a great first impression in the job market. With the right approach, such as using AI-generated applications today, you can receive an average of 7.8% more job offers and enjoy 8.4% higher wages.

By tailoring your resume to highlight your skills, experiences, and education, you can also effectively capture the attention of potential employers.

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Frequently Asked Questions (FAQs)

1. What should I include in a resume for freshers to make it stand out?

To create a standout resume for freshers, focus on showcasing relevant skills, education, internships, and projects. Use clear headings and bullet points to ensure easy readability.

2. How can I choose the best resume format for freshers?

The ideal resume format for freshers varies based on individual experiences and strengths. Consider using a reverse chronological format if you have internships or projects to showcase. Alternatively, a functional format can work well if your skills are more impressive than your work history.

3. Should I list my GPA in a resume for freshers?

Including your GPA in your resume for freshers can be beneficial if it is 3.5 or higher. This metric can reflect your academic dedication and help you stand out. However, if your GPA isn’t as strong, you might consider omitting it.

4. What action-oriented phrases can I use in my resume for freshers?

Use strong verbs like "developed," "designed," and "collaborated" to describe your contributions in previous roles, whether in projects or internships. These terms help paint a clear picture of your abilities and achievements.

5. Is it necessary to customize my resume for every job application?

Yes, customizing your resume for each job application is crucial. This approach allows you to align your qualifications with the specific requirements of the position. Tailoring your resume increases your chances of catching the employer’s attention as it demonstrates your genuine interest in the role.

6. How can I effectively highlight internships in my resume format for freshers?

When highlighting internships, clearly list the title, company name, and dates of employment. Under each internship, detail your responsibilities and any notable achievements.

7. What are some common mistakes to avoid in a resume for freshers?

Common mistakes include typing mistakes, unprofessional email addresses, and irrelevant information. It's essential to proofread your resume and ensure it is tailored to the specific job if you want to make a lasting impact.

8. How do I format the education section in a resume for freshers?

In the education section, list your degree, university, location, and graduation date in a clear format. Make sure this section stands out by using bold headings and maintaining consistency with font size and style throughout your resume.

9. Can I include volunteer work in my resume format for freshers?

Absolutely! Including volunteer work in your resume for freshers is a great way to showcase your commitment and any transferable skills. Be sure to detail your role, the organization, and how this experience relates to the job you are applying for, as it can provide valuable insight into your character and work ethic.

10. How do I demonstrate soft skills in my resume for freshers?

To demonstrate soft skills effectively, provide specific examples and use action-oriented language. For instance, instead of simply stating "good communication skills," you could say, "successfully led a team project where clear communication ensured on-time delivery."

11. What role do keywords play in a resume format for freshers?

Keywords are vital in ensuring your resume for freshers format gets noticed by hiring managers and Applicant Tracking Systems (ATS). By including relevant terms from the job description, you align your qualifications with the employer's needs.

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Online education across segments and students population is emerging as a popular option for individuals. Across age groups, online education is getting adopted. A segment where we at UpGrad feel that online adoption will be rapid, is the working professional segment. And there are multiple reasons for the same – from their ability to pay, their willingness to move up in their career etc. In this piece I want to touch upon a key trend that we are targeting – changing requirements of the industry and the need to continuously upgrade for working professionals. To give an example, a few decades ago – a farmer’s son would be a farmer; a carpenter’s son would be a carpenter. Things changed over time, and a farmer’s son started becoming an engineer. And in today’s world, an engineer goes through 5+ career shifts in his/her career span. There’ll Be A Billion-Plus Job-Seekers By 2050, So Get Yourself Skilled NOW! Marketing is not the way it used to be 10 years back. Payment is not the way it used to be 5 years back. Data analysis has undergone drastic changes. And in this digital age, the rate of this change is going to further accelerate. Industry will evolve rapidly, and as working professionals, each one of us has to keep up with this changing requirement. Industry is not going to wait for the individual to get upskilled or upgraded, and a large part of the onus will lie with the individual. Further, the rate at which the needs of the industries are changing; our current university system is not able to cope up. Therefore, individuals have to look for alternate options to add relevant skills to their portfolio. This is where online education comes into the fore. Professionals today do not have the flexibility of leaving their jobs and going to a school to learn new skills. Online education platforms are great options for these professionals who are looking to continuously upgrade, while continuing to stay in their jobs. Unlike offline education, online medium provides the advantage of being able to update the program curriculum and content regularly, and keep it relevant to the industry needs. Online medium also allows real-life problems to come to working professionals learning, where an individual can actually live the real-life situations in the form of case studies. Top 10 Essential Tools For Startup Business in India In the digital age, each individual will have to continuously upskill himself/ herself to stay relevant, and that would provide a large opportunity for edtech startups to create scale platforms. EdTech startups will have to look for opportunities where there is a significant demand supply gap, and look at providing right education programs. The biggest challenge in this will be the ability of edtech startups to design the program content for digital medium, rather than replicate what is being covered in the offline programs. Taking advantage of the digital channel will be key here. So for all edtech startups, keep your ears on the ground, and look for areas and skills that will allow you to build scale learning platform.

by Mayank Kumar

20 Apr'16

5.08K+

Google I/O 2016 – Day 1 | Recap

The most awaited Google I/O 2016 Conference was filled with announcements about improvements in current products and launch of some new products. In this article, we have summarized the biggest announcements from Day 1 of the conference. Google Allo Allo is Google’s new messaging app with resident chatbot. It has features like whisper/shout, expressive stickers, smart replies- which evolve with time and wide range of bot support especially the Google Assistant search bot. One of the most important features of Allo is that all its chats are encrypted but incognito mode offers end-to-end encryption and an option to send messages that self-destruct. Additionally, once you close a chat, the entire conversation is deleted forever. Google Duo Duo is Google’s mobile only companion app for Allo that helps in video calling. One of its special feature is ‘Knock Knock’ which lets users see the incoming video call feed before even answering the call. So, the receiving party can see who’s calling and where they are before they even pick up the call. Google Assistant Google takes search to the next level. Google Assistant supports “conversational understanding” to make search more natural and to better support voice searches. Google Home Home is built on the Chromecast standard, which lets it push media to other Cast-compatible speakers and screens, change temperature or lighting through Nest devices, and integrate with third party services. The entire experience is hands-free, powered entirely by voice. In fact, it doesn’t even have any buttons. Simple voice commands will control every aspect of the Home. Android N Android N comes with new features that include more control over notification size from different apps and a new picture-in-picture mode. Android N uses a new API called Vulkan that lets developers directly control a phone’s GPU for sharper 3D graphics. Android N will also download and install system updates automatically. The name of Android N has not yet been released. It is going to be selected through a crowdsourced contest. Google Daydream Google has a new VR platform built on top of Android N, and the new VR platform is called Google Daydream. It is an optimized virtual reality platform that aims to standardize the mobile-based VR experience. It also spans both software and hardware; Its biggest limitation is that it will be available only in new phones with special sensors and screen. Android Wear 2.0 Android Wear 2.0 can function independently of a smartphone. Apps no longer need a connected smartphone in order to function. Apps can function and even communicate without a phone, as long as the wearable device is connected to the internet via cellular or Wi-Fi. Users can also make data from any app show up on any watch face. Instant Apps One of the most interesting announcement was google Instant Apps. With Instant Apps, users can begin using an app instantly from right within the Google Play store without even having to download and install the app. As we can see, Google has made some big moves in the three hottest areas of tech – virtual reality, messaging, and smart assistants. However it would be interesting to see how these new products will compete with their competitors and how much of market share would they capture after their launch.

by Dilip Guru

19 May'16

898.96K+

There’ll Be A Billion-Plus Job-Seekers By 2050, So Get Yourself Skilled NOW

This isn’t just a catchy headline meant to shock you, though that would be a justified reaction. If you are 25 years old, have graduated from a reputed institute in a traditional higher education discipline and are looking for a job, you may not be handed one on a platter any time soon. You may be cushioned within the famous Indian demographic that is supposed to yield a “dividend”, but unlike what you’ve been reading everywhere, this does not guarantee you employment. Between 1980 to 2010, 90% of world labour force growth occurred in developing countries and about 500 million new workers emerged in India and China alone (workers went from 260 million to 470 million in India, between this period). India, along with other developing counterparts, is all set to fuel 60% of the global growth in labour in the upcoming years. Keep in mind that enrolment in Indian higher education is only 24% right now. With India attaining almost universal elementary education and increased retention in secondary schools, the projected demand for higher education and jobs thereafter, will only escalate. By 2050, India will be home to more than a billion job seekers. This means providing jobs for over 12 million new entrants annually. There is also the challenge of finding jobs for the backlog, which reached 60 million by 2014. So isn’t this good news? India finally placed on the world map with a solid advantage where labour supply is concerned. Well, it may not all be good news. The new-age job-seeker must strive to acquire specific skill sets to be considered employable. Currently, only 43% of Indian youth are considered fully employable. Indian millennials are being touted as the future of jobs and the saviours of the working world. But this won’t hold true if in-demand skills are not imparted to the youth entering the workforce. The world of work is changing and industries are transforming. It’s a fact that we are moving towards a massive labour pool, but we are possibly riding a low-skill, low-wage cycle to get there. The country is on a trajectory that involves a surplus of millions of low-skill workers, whereas most nations, including India, will be increasingly demanding a high-skill workforce. Impacting Education: My Journey and UpGrad Most industries are replacing low-skill jobs with high-skill ones. Skills relating to upcoming technologies like cloud computing, social media, artificial intelligence, robotics, nanotechnology, etc, are gaining immense relevance. Unfortunately, our education system is not preparing students well enough to enter the workforce as high-skill workers or equipping them with skills in the mentioned emerging domains. Gone are the days when just holding a graduate degree was enough to get employers to clamour to hire you. Education is not enough. The new-age job-seeker must strive to acquire specific skill sets to be considered employable. Currently, only 43% of Indian youth are considered fully employable. Gone are the days when just holding a graduate degree was enough to get employers to clamour to hire you. Education is not enough. The positive connotation associated with our demographic shift has been taken for granted and assigned the term “dividend.” But if we don’t strategically harness this change, we could very easily be faced with a demographic disaster. We don’t want to be stuck in a situation where we have too many job-seekers with inadequate skills, and therefore not enough jobs for them. India is moving workers out of farm jobs at a very fast rate, and this will only add to the burden of providing jobs in other sectors. We need a wake-up call and more concerted efforts towards large-scale skill development and training. We may have a situation of too few high-skill workers and not enough jobs for medium- or low-skill workers. This needs to be rectified by adjusting the education and skilling system to ready ourselves for the jobs of tomorrow. UpGrad develops various programs such as Digital Marketing Certification Program, and Product Management Certification Program in collaboration with IIIT Bangalore, specially designed for working professionals looking to up-skill themselves. Check out the free courses.

by Mayank Kumar

20 Jun'16

6.59K+

Only 25% Of Indian Graduates Are Employable, And The Solution Is Obvious

Co-authored by: Apoorva Shankar, Business Development Associate, UpGrad The world today has enhanced productivity requirements. Due to this, the demand for highly skilled labour is growing. China and India are set to drive this demand. Globally, the share of low-skill jobs is likely to decline from 74% of employment in 2010 to 62% by 2020. On the other hand, the shortage of highly skilled workers with a tertiary level of education is expected to reach 18 million by 2020, globally. But due to its demographic dividend, India will have a labour surplus of 47 million by 2020. However, this surplus may only be of low-skilled labour. And while the demand for highly skilled labour is increasing, the supply isn’t quite keeping up. The challenge, as well as opportunity, that India faces is how to train such a large reserve of labour and convert low skills to high skills. One solution that immediately comes to mind is providing higher education for all. But at present only 24% of those meant to be participating in higher education, are actually enrolled. Plus, traditional college or university pedagogy has been increasingly criticized for being outdated and irrelevant to the jobs market. If you attended school or college in India, you will have first-hand experience of the ills that plague the system. Some of the reasons for this are: Absence of a customized or personalized approach to education (necessary as different students have different needs and learning capabilities). Restricted resources due to not-for-profit nature of educational institutes and over-regulation. Lack of technology infrastructure. Poor teaching quality. Lack of skills-based learning. Low focus on research and development. Minimal partnerships with industry/foreign academia. Outdated curricula not reflecting requirements of a dynamic market environment. Skill-intensive industries are expected to contribute more than 90% of India’s GDP by 2030. The opportunity is staring at us in the face. Only about 25% of Indian graduates are considered employable by the organized sector. Further, 48% of Indian employers said they were having difficulty in filling jobs, in 2012. Despite employers expressing difficulty in finding employable candidates, in 2009-10 the unemployment rates in India were higher for those who were more educated (graduates had more difficulty finding jobs than secondary or primary level graduates). [b_color background=”#EDFF3D”] Also Read – Technology will surely kill some jobs, but not all of them [/b_color] So Indian education, in its current form, hasn’t proved to be enough training for the incoming workforce. The numbers also prove that just completing higher education in any field is not all it takes anymore. This pinch is being increasingly felt as the world of jobs is turning upside down; which is why we need skill training. Skill-intensive industries are expected to contribute more than 90% of India’s GDP by 2030. The opportunity is staring at us in the face. It’s not just about the potential but also the responsibility we are tasked with — restoring balance to the global supply of labour. The country needs to invest in skill development and training for a large chunk of its population. Exploiting sheer numbers is therefore one major reason to skill our workers. Secondly, the demand for advanced skill-sets in emerging areas is growing. Knowledge-intensive roles such as finance, business, etc, and those related to information technology and entrepreneurship are gaining momentum. The reality that these skills must be acquired will take root for more and more individuals, including drop-outs from the mainstream education system and those who have completed such education. Currently, the actual supply of these workers falls drastically short of matching growing demand. Hence, the gaps in domain knowledge are another reason to scale up the skilling. You are likely to be at a disadvantage, in terms of skill training and thereby employability, when compared to someone your age in China, USA, South Korea… In China about 47% of the workforce has received some kind of skill training, 52% in USA, 68% in UK, 75% in Germany, 80% in Japan and 96% in South Korea. Comparatively, only about 10% of the Indian workforce received such training in 2008. India is seventh in the category of countries facing maximum difficulty in filling jobs, i.e., 58% difficulty, where the global average is 38%. These figures reflect that just belonging to the young Indian demographic is not enough. You are likely to be at a disadvantage, in terms of skill training and thereby employability, when compared to someone your age in China, USA, South Korea etc. To address these imbalances, India needs unprecedented increase in both education and job creation. At this point, there is no guaranteed advantage for India in the contest for high-skill talent. It will be dependent on skilling. Considering the state of higher education and the skill upgrade required to be carried out in the future, the process will not just be about learning for professionals, but rather unlearning and re-learning.

by Mayank Kumar

13 Jul'16

5.2K+

7 reasons to watch UpGrad Talks today

There is really no secret sauce for success. Provided you have had the opportunity to view the exclusive online tete-e-tete sessions brought to you by UpGrad Talks. With an amazing roster of world-class speakers, some from the top 1000 companies of India such as Mahindra & Mahindra, Tata Sky, Coca Cola, JP Morgan, JWT to start-up poster children such as RedBus, Snadeal, Ola & Zivame and many more, Upgrad Talks provides insights into their formulae for success. The talks also share deep learning from situations that didn’t work out and many valuable nuggets of honest, down-to-earth and practical advice from successful entrepreneurs, experts and industry leaders. While some lip service has been paid to new-age technologies and skill sets, and the evolution of industries because of these, a deeper understanding of what this signifies is missing. Upgrad Talks intends to fill this gap by bringing together thought-leaders from different walks of life and raising the level of discourse in this area, as they share their experiences. Here are the top reasons why you must visit talks.upgrad.com today and make it your daily source of insights and motivation: Get Inspired Inspiration can come from many different sources. You may get inspired when you see a problem that needs a solution, which you are able to ideate, or get inspired when you hear stories of adversity being overcome by sheer willpower. Rarely does the simple existence of wealth inspire us. It may motivate us to work harder, but inspiration stems from a deeper place that needs real stories. Upgrad Talks are stories from the folks who have lived these stories, first hand. Not only does hearing someone’s complete story of challenges, thought process and subsequent outcome inspire, it also gives birth to new ideas and provides impetus to grow in your own space. Moreover, inspiration also stems from well-put statements such as, ‘attitude will sail you through,’ by Harit Nagpal, CEO of Tata Sky. A key benefit of listening to industry leaders is that it also inspires us to think. ‘What we think, we become,’ is a quote by Buddha that sums up this well. Go ahead, face challenges It does not matter if you are a startup or an established financial organization; challenges, big or small, exist in every level of most businesses. Challenges faced, strategized and overcome is the rite of passage for almost everyone. Not only do Upgrad Talks cover challenges faced by leading industry veterans, it also covers it from various stages of businesses along with discussion of the solutions that helped overcome them. Upgrad Talks speakers’ discuss challenges faced by businesses in different spaces, which makes these talks an interesting listen. Furthermore, is quite motivating to hear the candid conversations of business leaders. So what is the common thought on challenges in the Upgrad Talks? No challenge is too big. It also strengthens the belief that challenges help you grow and become stronger and develops a sense of confidence to take on the next big challenge. Learn from influencers People who can motivate are great influencers. To hear success stories at Upgrad Talks, which have been driven by deep-rooted passion as well as courage of conviction can be a great influence on most people. It is likely to help you push yourself to greater heights and also follow your dreams a bit more diligently. To quote Snapdeal’s Kunal Bahl, ‘ there is a fine line between stubbornness and persistence.’ Upgrad Talks is likely to help you define the lines as an excellent selection of influencers talk also about the key soft skills required to make it a significant mark on the industry that you belong to. Mentoring As you listen to entrepreneurs, business leaders and experts on models that have worked, one can also start drawing parallels to one’s one business or profession. Mentoring of this kind is both subtle and effective as it helps you choose some key takeaways from the shared experiences that are most relevant to you. Follow the series to get premium access to the best mentors in the country as they talk about education, the emerging digital age and its impact on businesses, talent shortages and advice to youngsters. A bit of crystal gazing In the series of Upgrad Talks, one is likely to come across a vast amount of business knowledge which has been converted into digestible insights that can also help you choose the next steps in your career. Speakers’ at Upgrad Talks share their business mantras and what the future is likely to be. This is crystal gazing of the finest variety and yet another reason to tune into the talks. A healthy dash of optimism One of the unique selling points of the Upgrad Talks is that they also brings out the combined optimism in business from key industry leaders. Apart from that one can learn what is next in the industry, and explore potential future opportunities in the workspace. The upbeat and positive nature of these talks makes them a must-listen. Easily available online Just in case you were wondering how far you would need to travel to listen to such a wide range of speakers, you can breath easy. Upgrad Talks are delivered online and you can listen to them at your own convenience. All you need to do is to long onto talks.upgrad.com and you can access high quality, pre-recorded sessions online. Upgrad is making content richer, bigger and better as it kicks off with 15+ talks delivered by entrepreneurs, experts & business leaders. You definitely do not want to miss out on the educational transformation that UpGrad is fuelling in partnership with some of the greatest minds. Remember, one can never stop learning. So, if you always aspired to hear great advice and insights from the top Indian business leaders on how you can grow your business, choose a career goal or get inspired, do take a look at Upgrad Talks. They are truly the voices that impact. Join us today and be a part of it at talks.upgrad.com.

by Omkar Pradhan

06 Aug'16

5.37K+

Evolving online education: Learning Together

Technologies in online learning have been making promises since early 20th century. From radio to present day MOOCs, multiple new technologies were seen as silver bullet in revolutionising education. These promises were indeed laudable, to make education accessible to everyone, affordable for everyone and more effective. Yet, the same history of unmet expectations has been repeated every time*. Although a lot has happened over the past decade in terms of growth and expansion of online education, there are many challenges yet to be solved before we can say online learning has truly arrived. We, at UpGrad, believe the following three challenges are the biggest hurdles to the success of online education. Isolation: Online learning is solitary experience Acceptability: Online learning’s validity in the Job Market Not Engaging: Interplay of distractions and motivations in learning online The dismally low completion rates and high failure rates are reflection of these challenges [1]. Our goal at UpGrad is to fight these challenges and provide an unmatched learning experience for the working professionals. We believe, with the flexibility of online learning, every working professional can “UpGrade” himself without going back to full-time formal education. Hence, we need to to make online learning mainstream. In this article we would be sharing how are setting the online learning as a ‘Social Experience’ for our students, ie the first of the three mentioned challenges. In 2000s, internet surfing was mainly an individual experience and on the other hand, in 2016 almost all of internet time is a social experience. We do not feel alone in 2016 version of internet. We believe online education will have much higher engagement and completion rates once it becomes a social experience. An average student’s e-learning journey is an individual experience making him/her feel isolated. Learners move through the course with limited interactions with both their instructor and classmates. We at UpGrad, are building a new learning platform specifically designed keeping our students and their needs in mind. We believe this would be key to provide the kind of engagement levels the students deserve. The perception of social presence (or lack of) is a big concern among students and teachers in online learning. Teachers develop courses in isolation and the students take the courses in isolation. Researchers have found strong correlation between the sense of social presence facilitated by the course and student’s perceived learning [3,4,5]. Also there is good re correlation between withdrawal in the course and student’s perceived lack of social interaction and instructor presence [3]. Lack of social interaction in e-learning increases the distraction, since a learner would look for social interaction elsewhere which is usually Twitter, Whatsapp or Facebook. If there is another learner doing the same course in my apartment building, there are limited chances that I would know about him. As learners of online courses, we are oblivious of everyone else’s presence except few replies on the discussion forum. They do form Facebook groups or Whatsapp groups organically, yet the whole online learning format ends up being mostly a solo experience. Here are the steps we are taking at UpGrad in making our online programs a social experience.: Profiles : The first step in ‘social’ e-learning is knowing your classmates. We have learner profiles with education and work history along with other details. Almost everyone is encouraged to fill in their full profile along with a descriptive ‘bio’ section. There are multiple points where learners are nudged to click on the profiles. To improve discoverability of relevant profiles we not only leverage cohort social graph but also use interest graph, performance graph, complementary skills graphs. Combined with other semi random** algorithms like who was recently online, learners bump into each other in interesting ways. In the first month of Data Analytics Program, an average engaged learner viewed peer profiles 110 times. Discussions: We have a discussion forum which is contextual and relevant to the course content. We designed it from the ground up to involve learners during the course. They help each other, solve doubts, ask questions, have healthy debates on the forum. Only when there is no consensus a Teaching Assistant gets involved in clearing the doubts. Last 3 months data shows that on a daily basis 50% of the students who are engaged on the platform, also engaged actively on the discussion forum. As most professionals have different backgrounds, sharing of experiences on the forum is much valuable to everyone in the cohort. We have seen learners fall into three buckets on the forum. First is the majority producers, the top 30% of forum content producers are responsible for around 70% of the discussions. The next 50% do the rest of 30% of the content but continue to voice their opinions through upvotes. Rest of the 20% are mere observers. These numbers are highly encouraging and we will be investing more time in finding out how student-student social interactions can help in overall engagement. Figure 1: Forum topic distribution in one of our programs. Share in the pie is (questions * votes) for each topic. Bigger share of the pie is a proxy for doubts. This lead us to start live sessions on those topics. Thought Leader AMAs: Initiating and maintaining engagement on the forum is hard. To set the ball rolling, we started the discussion forum for a new cohort with getting a thought leader to do an AMA on the platform. This way not only the students got a product onboarding experience but also the social expectation was set amongst the peers. In some months, the total content creation during AMAs ended up around 20% of the total cumulative content. We also observed a side benefit of starting the program with thought leader – that learners are more helpful, behave with more civility and show much more respect for each other. This is not very unusual because it is known that a group’s eventual social dynamics are very much impacted by behaviour in initial few days. In a way, it sets the trend which follows upto the end of the course. We also explored bringing in external motivations to see how does it impact on engagement levels. At times, there were small gifts for top forum contributors and at times we included forum participation in the grading. Our primary observations show that this is to be used cautiously. We are working on establishing a balance between extrinsic and intrinsic motivations for social involvement. Facebook Groups: For all cohorts we have Facebook groups for students apart from the platform discussion forum. We were not very confident how much our forum will be used for non academic discussions and generic social sharing. However, we found more and more discussions of generic nature and sharing of articles & blogs also started happening on the forum. Hence facebook group ended up becoming redundant. We are thinking of doing away with a cohort’s facebook group with this expanded use of discussion forum In summary, having a strong sense of community within the students is a big predictor of learning outcomes. This has been researched multiple times [7, 8]. Our platform’s usage data of course progress and social interaction activity strongly confirms this research. At a time, a learner who is socially engaged on our platform has usually completed 4 times (Figure 2) course materials than a learner who does not participate in social discussions. This high correlation has been repeated across multiple cohorts. Figure 2: At a snapshot of time course completion rates for learners active on forum vs non active. Apart from the student isolation e-learning content creators and facilitators tend to work in isolation, reflecting and sharing of best practices is minimal[6]. We at UpGrad are aware of this problem, and making sure different program teams collaborate and share solutions to common problems. We do not have complete solution to isolation in learning yet. We as a company are focussed on solving this problem, we are testing out few ideas and are willing to share the results with the community. With these changes we are expecting online learning experience to be more engaging, more involving and eventually pushing up the low completion rates of online learning. These are early days of online education and we have miles to go. Bibliography [1] http://collegequarterly.ca/2007-vol10-num03-summer/rolfe.html [2] Online Social Networks as Formal Learning Environments: Learner Experiences and Activities, The International Review of Research in Open and Distributed Learning, Vol 13, No 1 (2012) [3] Tello SF (2007). An analysis of student persistence in online education. International Journal of Information and Communication Technology Education [4] Herbert, M. (2006). Staying the course: A study in online student satisfaction and retention. Online Journal of Distance Learning Administration, 9(4). [5] Morris, T. A. (2009). Anytime/anywhere online learning: Does it remove barriers for adult learners. In T.Kidd (Ed.), Online education and adult learning: New frontiers for teaching practices. Hershey, PA:IGI Global. [6] Duncan, H & Barnett J (2009) Learning to teach online. [7] Kaulback, B (2015). Learning Together : Community and Network from the perspective of designers of online learning. (Doctoral dissertation) [8] Bernard, R. M., Abrami, P. C., Borokhovski, E., Wade, C. A., Tamim, R. M., Surkes, M. A., & Bethel, E. C. (2009). A meta-analysis of three types of interaction treatments in distance education. Review of Educational Research, 79(3), 1243–1289.

by Ankit Mittal

08 Aug'16

898.95K+

Skill deprivation: Education alone won’t guarantee a job, in-demand skills need of hour

If you are 25 years old, hold a degree in a traditional arts discipline from a well-regarded institute and are looking for a job, you may not be handed one on a platter any time soon. You may be cushioned within the famous Indian demographic that is supposed to yield a ‘dividend,’ but unlike what you’ve been reading everywhere, this does not guarantee you employment. Between 1980 to 2010, 90% of world labour force growth occurred in developing countries and about 500 million new workers emerged in India and China alone (workers went from 260 million to 470 million in India, between this period). India is all set to power most of global growth in labour in the coming years. Enrolment in Indian higher education is 24% right now. With India attaining almost universal elementary education, and increased retention in secondary schools, the projected demand for higher education and jobs will only escalate. India has finally been placed on the world map with a solid advantage where labour supply is concerned. Impacting Education: My Journey and UpGrad It’s not all good news though. Indian millennials are being touted as the future of jobs and the saviours of the working world. But this won’t hold true if in-demand skills are not imparted to the youth entering the workforce. The world of work is changing and industries are transforming. It’s a fact that we are moving towards a massive labour pool, but we are possibly riding a low-skill, low-wage cycle to get there. The country is on a trajectory that involves a surplus of millions of low-skill workers, whereas most nations, including India, will be demanding high-skill workers more and more. Most industries are replacing low-skill jobs with high-skill ones. Skills relating to upcoming technologies in advanced areas – think AI, robotics, data science and mining – are gaining immense relevance. Unfortunately, our education system is not preparing students well enough to enter the workforce as high-skill workers nor equipping them with skills in emerging domains. Curricula is outdated and pedagogy poorly-developed. Gone are the days when just holding a graduate degree was enough to get employers to clamour to hire you. Education is not enough. The new-age job-seeker must strive to acquire specific skill sets to be considered employable (currently only 43% of Indian youth are considered fully employable). This applies to all sectors of the economy, as most industries and businesses are adopting new-age technologies and going digital within most functions. There’ll Be A Billion-Plus Job-Seekers By 2050! The positive connotation associated with our demographic shift has been taken for granted and assigned the term ‘dividend.’ But if we don’t strategically harness this change, we could easily be faced with a demographic disaster. We don’t want to be stuck in a situation where we have too many job-seekers with inadequate skills, and therefore not enough jobs for them. India is moving workers out of farm jobs at a very fast rate, and this will only add to the burden of providing jobs in other sectors. Realising this, even the government has begun focusing on skill development and training. Creating an entirely new Ministry and launching the Skill India Mission are clear indications of this. Another sign that skill training is gaining momentum is reflected in the growth of the Indian education and skills industry at an average rate of 13% over four years. From Rs 1.21 trillion in 2008 to Rs 2.35 trillion in 2012. However, these measures have not been enough to successfully skill India’s young. Only 2% of the Indian workforce has received some kind of formal skills training so far, and 8% have received informal training. Comparatively, 47% of China’s workforce is skill trained, 52% in USA, 68% in UK, 75% in Germany, 80% in Japan and 96% in South Korea. Almost half of Indian employers find it difficult to fill jobs and a similar proportion of employed youth suffer from some degree of skill deprivation. By 2050, India will be home to more than a billion jobseekers. This means providing jobs for over 12 million new entrants annually. There is also the challenge of finding jobs for the backlog, which reached 60 million by 2014. The pace of accretion to the labour market will keep increasing, given our demographic profile and declining age-dependency ratio. Our working age population (15-64 years) will peak in 2050 and till then pressures for jobs will only become worse. We need a wake-up call and more concerted efforts towards large-scale skill development and training. We may have a situation of too few high-skill workers and not enough jobs for medium or low-skill workers. This needs to be rectified by adjusting the education and skilling system to ready ourselves for the jobs of tomorrow. Article Source: http://www.firstpost.com/business/skill-deprivation-education-alone-wont-guarantee-a-job-in-demand-skills-need-of-hour-3020568.html

by Apoorva Shankar

08 Nov'16

5.13K+

Why The Growth Of Higher Education In India Hinges On The Private Sector

For the sake of simplicity, let’s say that the public sector’s role in education can be identified as a three-fold one. Firstly, it is tasked with universalizing access to education. Its next responsibility would be to regulate the sector and finally, to ensure quality education for all. In the context of the access provider role, estimates show that just in terms of physical infrastructure, more than a US $100 billion spends would be required in higher education alone, to double enrollment, from where it stands today (24%). Where regulation is concerned, bodies such as the University Grants Commission (UGC) and other higher education regulators are in-charge but leave much to be desired in terms of quality checks and monitoring, accreditation, etc. In fact, the UGC merely acts as a grants disbursing body now for universities and colleges, rather than a regulator. This is despite the fact that about 16% of the Ministry’s budget (2016-17) was allocated to UGC. Regarding quality, the government struggles to set standards and measure outcomes. Accreditation in the country is irregular and sub-optimal. In addition, unlike school education, where a certain level of learning outcomes may be gauged, this is difficult to do in higher education – especially assessing employability of a student post completing such education. So is there a role the government should prioritise? Further, because the government is entrusted with these roles, does it necessarily mean that they are its exclusive mandate? Or should the government act as an enabler and allow external participation if it means better execution and a higher success rate? The education and training industry is extremely large today and has strong further growth potential. With total educational spending of $2.7 trillion, the industry accounted for about 4.25% of the world’s GDP in 2010. In India alone, the spending on education and skilling has touched approximately Rs 74,000 crore. This may seem like a daunting figure but is still not sufficient. India spends about 4% of its GDP on all of education (about 1% on higher education), whereas globally the minimum recommended expenditure on education is 6% of GDP. Most of the public expenditure on higher education is used upon salaries and maintaining existing institutions, leaving very little to be spent on curriculum, research, and technology. However, spending on education still has enormous scaling to do and this is where the private sector comes in. Private players will have opportunities from rising demand in segments not well covered by the public education system (like adult education and vocational training). They bring in additional capital and are able to make huge investments, especially when government spending is insufficient and results in substantial infrastructure and investment deficit. For instance, the government had set a target of achieving a 30% enrolment ratio in higher education by 2020. The enrolment ratio currently is 24%. Judging by historical trends, and the current pace of rising enrolments, this target seems difficult to achieve. We may need a better, plan to succeed. Plus, the demand for higher education is only set to accelerate with growing population, higher enrolment as well as retention of students in schools. The private sector could play a crucial role in plugging these gaps and matching demand. In fact, it is already capturing the market in a big way, as can be seen in the adjacent graph. Enrolment in, and share of, private higher education institutions has surpassed that of government institutions (data as on 2013). Even the online education market in India expected to grow to US $40 billion by as soon as 2017. Unlike the education sector, which is legally mandated to operate on a not-for-profit basis, for-profit skill training institutes can be set up. This, coupled with initiatives of the National Skill Development Corporation, has encouraged the private sector to set up vocational training institutes. Corporate interest has also increased in the skill development space because of the benefits that accrue to businesses themselves, in the form of adequately trained manpower as a ready pool for future hiring. Majority of institutions offering professional disciplines are now in the private sector. There is a tendency of the public sector to view the private sector’s involvement in the education space with scepticism. But the private sector is necessary because of its ability to match industry demand for superior skilled manpower. It supplements infrastructure, facilities, technology and pedagogy and has an added advantage of escaping bureaucratic control and retaining autonomy to a large extent. Private players often collaborate with reputed international universities for faculty and other benefits which can be attractive to prospective students. They are also heavily investing in research-based education. As consumers of skilled manpower as well, the private sector is in a position to understand what type of skill training is to be imparted, and eventually benefit from it. This makes skill-training more efficient and effective. All three education-related roles of the government are equally important. However, while regulation should remain outside the purview of the private sector, nothing should stop them from assisting the public sector in maximising enrolments and improving quality of education. Public needs to work with private and create a level-playing field, in order to uplift the overall quality of education. Article Source: http://www.huffingtonpost.in/mayank-kumar/why-the-growth-of-higher-education-in-india-hinges-on-the-privat/

by Apoorva Shankar

08 Nov'16