72 pc Indian professionals willing to take loan to upskill: Study, ET BFSI

Mumbai, About 72 per cent of Indian working professionals are prepared to take loans to upskill themselves by way of edtech platforms, in keeping with a report on Monday.

The report by Fintech firm Fibe unveils an increasing and promising pattern for upskilling and cross-skilling amongst Indian working professionals.

It confirmed that 47 per cent of working professionals desire to reinforce their talent units of their present area or cross-skill in a special area whereas one other 25 per cent wish to upskill in domains not linked to their present skilled space.

Apparently, 73 per cent of the professionals additionally confirmed an inclination in direction of taking on-line programs.

The report additional indicated a rising urge for food for technical and marketing-oriented programs with data science, digital advertising, and investment banking programs being the highest choice.

Nonetheless, working professionals face vital challenges of their upskilling/ reskilling journey.

Whereas 30 per cent of respondents mentioned that lack of time is available in the way in which of their aspirations to pursue a course, 69 per cent of respondents cited finances constraints as a problem.

“Over the previous couple of years, we’ve seen a outstanding shift amongst working professionals, pushed by the aspiration for a greater future. The rising demand for upskilling and taking a leap within the profession presents an unparalleled alternative for edtechs in addition to fintechs that are offering accessible and inexpensive monetary options,” mentioned Fibe Cofounder & CEO, Akshay Mehrotra.

Whereas 52 per cent of tech professionals confirmed an curiosity in AI and information science, 40 per cent of every HR professionals confirmed an curiosity in soft skills and communications.

One other 40 per cent of gross sales and advertising professionals confirmed an curiosity in digital advertising. Practically 30 per cent of finance professionals confirmed an curiosity in funding banking.

–IANS

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