GoLearn, an online education initiative, has pledged to empower high-achieving students from smaller towns by providing essential upskilling opportunities in the rapidly expanding Banking, Financial Services, and Insurance (BFSI) sector. With the sector projected to reach a valuation of $1.8 trillion by 2025, GoLearn’s tailored online courses aim to bridge the gap in accessing quality education, enabling talented individuals who would otherwise need to relocate to urban centres for advanced training. This mission is crucial as the BFSI sector, with a projected Compound Annual Growth Rate (CAGR) of 8.6%, extends its reach beyond cities into rural and semi-urban areas, according to an official statement.
Recent surveys indicate that more than 40% of new bank branches established in the past five years have been in semi-urban and rural regions, driven by national financial inclusion efforts, increased rural incomes, and wider internet adoption. Despite these positive trends, the sector faces a significant challenge: a shortage of skilled professionals. According to the National Skill Development Corporation (NSDC), there is an immediate need for over 1.6 million skilled individuals in key areas such as wealth management, fintech, cybersecurity, and digital banking. This need is more pronounced in India’s smaller towns, where quality education and training opportunities are limited. According to Monster, there was a 45% increase in BFSI job listings in 2023.
In response to the growing demand for skilled BFSI professionals, GoLearn provides specialised, placement-focused upskilling courses tailored for high-achieving students from smaller Indian cities and towns. These courses are designed to meet the unique requirements of the BFSI sector, equipping graduates with both theoretical knowledge and practical skills necessary to navigate the industry’s dynamic landscape, the statement mentioned.
GoLearn has established strategic partnerships with institutions, including FinX for a postgraduate programme 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 programme in Banking and Finance.
These collaborations ensure that GoLearn’s curriculum remains at the forefront of financial education, addressing emerging areas such as quantitative finance and algorithmic trading. Ninad Vengurlekar, CEO of GoLearn, emphasises the platform’s unique value proposition, stating, “At GoLearn, we are committed to providing high-achieving students in smaller towns with access to affordable, high-quality upskilling programs that are directly linked to real job placements.”
With inputs from PTI.