Job & Career – Scoopearth: Leading platform for startups & business news https://www.scoopearth.com Embrace the World of Start-ups, Technology, Business, Finance and Economy Thu, 20 Feb 2025 11:22:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.scoopearth.com/wp-content/uploads/2023/11/cropped-favicon-sc-96x96.png Job & Career – Scoopearth: Leading platform for startups & business news https://www.scoopearth.com 32 32 Edtech startup PhysicsWallah secured $210 million in its series B round with a valuation of $2.8 billion from Hornbill Capital https://www.scoopearth.com/edtech-startup-physicswallah-secured-210-million-in-its-series-b-round-with-a-valuation-of-2-8-billion-from-hornbill-capital/ Fri, 20 Sep 2024 10:38:20 +0000 https://www.scoopearth.com/?p=344829 PhysicsWallah is an edtech platform that secured $210 million from Hornbill Capital during its series B funding round. The funding round had the participation of several investors including GGSV, Lightspeed Venture Partners, and WestBridge. The startup plans to use these fresh proceeds to enhance its platform, scale its operations, increase its offerings, and develop its market presence.

The company aims for inorganic expansion, improving its content, and entering the K-12 market segment while merging with community-based education platforms. This will be the third funding round for this startup in the past two years. This edtech startup previously secured 150 million USD in its fresh funding round from GSV Ventures and Westbridge.

After this round, the company reported a 2.5 times increase in its valuation to $2.8 billion. The startup data intelligence platform, the kredible mentioned that WestBridge holds the largest external stake with 2.4 percent followed by GSV ventures with 1.44 percent, and the two co-founders account for the remaining 86.54 percent stake of the company.

Physics Wallah provides an online platform offering coaching services for IIT/JEE, data science, Management, Law, and Technology related fields. The company also has offline educational institutes, schools, colleges, and upskilling programs for students across India. The startup claims to have offered education to over 46 million students through its 112 YouTube channels in five languages. The company reported the app was downloaded 30 million times with 5.5 million paid students. The online teaching platform offered by the start-up uses advanced technology to provide the best learning experience. The edtech firm aims to expand its offline brand presence in multiple cities across India.

The Edtech startup posted a 3.3 times increase in its revenue to Rs 779 crore in FY23. However, the profit saw 90 percent decrease to Rs 8.87 crore in the same duration. The company expects revenue of around Rs 2,000 crore for FY24. The development came just after the edtech startups saw increased investor interest. The data from thekredible mentioned that the startups in this sector have raised around $160 million across 27 deals till now from the start of this year.  The edtech sector posted overall funding of 456 million USD in 2023. Physic Wallah faces competition with other online coaching platforms such as Byjus, GoStudent, and Vedantu.

Conclusion :

Edtech startup Physics Wallah secured 210 million USD in its series B funding round from Hornbill Capital with the participation of GSV, WestBridge, and Lightspeed Venture Partners. The startup plans to use these fresh proceeds to scale its operations, enter into the K-12 segment, expand its network, and increase its customer base.

This will be the third round of investment of this Noida-based startup in the last two years. Before this round, WestBridge was the largest stakeholder of the firm with a 2.4 percent stake while the co-founders accounted for 86.54 percent of the company. Following this round, the startup reported a valuation of $2.8 billion.

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Center Government to launch BHASKAR to strengthen India’s startup ecosystem  https://www.scoopearth.com/center-government-to-launch-bhaskar-to-strengthen-indias-startup-ecosystem/ Wed, 18 Sep 2024 10:47:24 +0000 https://www.scoopearth.com/?p=344767 BHASKAR is an interactive online platform to boost Indian startups. Piyush Goyal, the Minister of Union Commerce and Industry announced the launch of this new program. The platform plans to improve the startup ecosystem and achieve Prime Minister Narendra Modi’s vision of youth converting ideas into business. The Department for the Promotion of Industry and Internal Trade in the Ministry of Commerce and Industry has recognized over 1,40,803 entities as startups. BHASKAR is another initiative taken by the government to boost startups and create more job opportunities

The center launched these schemes to provide startups with financial assistance, mentorship programs, exemption from tax, and infrastructure support. A government spokesperson told Hindustan Times that BHASKAR offers an online platform to centralize, streamline, and enhance collaboration between key stakeholders within the entrepreneurial ecosystem including mentors, investors, service providers, startups, and regulatory bodies. These programs are launched to help startups survive in the competitive environment while scaling up their operations. The platform will help everyone regardless of whether a new entrepreneur is ready to take a first step in this industry or an established startup aiming to scale.

The government is focused on boosting the startup and generating more job creators than job seekers. India now has over 1.64 lakh official startups with over 1 million youths working under them. The initiative aligns with the vision of the government to transform India and make it a global leader in startups and innovation. Earlier this year, the investment firm Pantomath Capital Management also launched a Bharat Value Fund to capitalize on the huge demographic opportunities in the mid-market sector presented by the Indian economy. The fund was focused on helping the companies scale their business while enabling them to achieve their market expansion plans.

Under the BHASKAR scheme, each stakeholder will get a unique BHASKAR ID to enable the platform to facilitate easier interaction, improve searching capability, and allow efficient discovery of relevant partners, hence creating more opportunities. The platform was launched to develop the world’s largest digital registry platform for stakeholders within the startup ecosystem. BHASKAR will provide several features including networking and collaboration. This will reduce the gap between startups, stakeholders, and other investors. The application will provide startups with important information and immediate access to critical tools enabling the startup to make fast decisions and scale efficiently. 

The platform will provide users with a personalized feed for interactions and experiences. With powerful search features to filter and locate relevant resources, opportunities, and collaborators easily, this increases the efficiency of startups. BHASKAR is expected to work as a promoter for India’s global reputation as a hub for innovative ideas and for making cross-border collaborations easily accessible between investors and startups. The online platform will redefine the Indian startup landscape while introducing a more efficient, connected, and collaborative environment for investments and collaboration. 

BHASKAR connects these players in the startup ecosystem together:  Government Bodies, Service providers, Mentors, Investors, startups, and stakeholders. The platform aims to boost and strengthen their partnerships with smoother interactions. Prime Minister, Narendra Modi spoke about promoting India’s entrepreneurship through Startup India programs to create more job opportunities in the country.

He mentioned that while the presence of startups in India was negative in 2014, today India is the third largest ecosystem with 1.25 lakh startups providing jobs to over 12 lakh youths. India has over 110 unicorns at the present with 112 soonicorns. 

DPIIT introduced various schemes to transform and create a seamless environment for Indian startups. Previously, the center also launched the Startup India program to boost innovation and entrepreneurship in India. This Startup India scheme aims to provide tax benefits to Indian entrepreneurs for over five years and create around 5.5 lakh job opportunities for youths in India.

This government startup scheme provided startups with access to funds and mentorship. The Department for Promotion of Industry and Internal Trade has taken various initiatives, and projects to grow the Indian Startup Ecosystem. Following this the government launched BHASKAR intending to expand the Indian startup ecosystem using the centralized digital platform.

The Indian startup ecosystem is predicted to grow in the next few years that’s why the government has been launching different programs to strengthen the startups. The government recently launched a scheme to digitalize and enable all businesses to join Open Network for Digital Commerce and online product selling.

The initiative is taken to help these small enterprises reduce the overall expenses and low commissions in the online marketplace while joining the digital India movement. The subsidiary of NADARD, NABVENTURES also launched an agri fund with an initial corpus of Rs 750 crore to help Indian agriculture startups scale their operations and improve production capability. The fund aims to enhance the agri-produce value chains by enabling the startups to grow in size and create new rural ecosystem linkages & infrastructure.

The program is launched to boost the number of startups and help them launch, scale, and succeed in the competitive market. BHASKAR will help startups unlock their full potential by providing them access to personalized resources and networking opportunities. With the launch of this platform, India’s startup ecosystem will increase rapidly. This application is another step towards creating a supportive environment for startups by ensuring they have the required resources and tools for success. BHASKAR will play an important role in shaping India’s economy and job availability in the future. The platform aims to make it easier to start and scale new businesses.

Conclusion :

The Indian Government announced the launch of a digital platform BHASKAR to strengthen the country’s startup ecosystem. The platform uses advanced technologies to offer personalized feeds and powerful search features to help startups filter relevant partners and collaborators. These schemes plan to support and empower entrepreneurs in running their businesses without any challenges. The startup ecosystem in India is predicted to increase in the next few years this is why the government is trying to launch various new schemes and the investment firms are also making huge investments in the startups to get profit.

The platform is designed to help both new entrepreneurs and established startups overcome challenges and scale their operations in the competitive market. The application provides smoother interactions and collaboration between stakeholders. The government intends to provide financial assistance to the startups generate more job opportunities for youths in India and improve the Indian economy. BHASKAR will provide startups with access to important tools, resources, and networking opportunities.

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“The Making of an Entrepreneur: Pramod Raj Shukla’s Story from Bihar to the Business World” https://www.scoopearth.com/the-making-of-an-entrepreneur-pramod-raj-shuklas-story-from-bihar-to-the-business-world/ Wed, 02 Aug 2023 17:02:31 +0000 https://www.scoopearth.com/?p=290531

Mr. Pramod Raj Shukla – is an entrepreneur, public speaker, influencer, YouTuber, and fitness enthusiast who has set an example in the entrepreneurial world in a short span of time, and he is known for his hard work and dedication.

Pramod Raj Shukla is the founder and CEO of Creatigrity Technologies. His hard work, patience, and dedication all paid off. So now let us know more about the inspiring journey of Pramod Raj Shukla and how he transformed his life from adversity to accomplishment, becoming a shining example of success.

Early Life And Challenges

Pramod Raj Shukla was born in Munger, a small village in Bihar where opportunities were scarce and resources were limited. Due to the financial condition of his family, he was not even able to get any proper formal education. He could not attend school or college, resulting in a struggle with his English language and communication skills. 

Seeking a bright future, he decided to move to Delhi. While living in Delhi, he did various odd jobs to make ends meet, and during this time, he recognized the importance of English and communication skills. During those days, he met a bank employee who helped him to improve his communication skills. On some days, Pramod only survived by eating Jhal Muri, but he never stepped back and kept moving forward with his full dedication.

He worked on his communication skills and English by speaking with others and grabbing every opportunity to enhance his communication abilities. Later, he secured a job at a recruitment company in Delhi. It was a significant turning point in his journey, where he found his passion for helping others find employment. And he worked tirelessly to connect potential individuals with suitable job opportunities.

Inspirational Moment

While working in the U.S., he hired one person based on his skills, despite the fact that he didn’t have a proper educational degree from that background. And at that time, his manager scolded him a lot and told him not to hire somebody who was not from a good college and did not have a proper degree. 

This was the turning point of his life when he decided to start his own company, where he would hire and train people from underprivileged backgrounds. And he founded Creatigrity Technologies.

Creatigrity Technologies

Pramod Raj Shukla started Creatigrity Technologies five years ago. He started the company with a team of just two people who used to work in a small room. And they now have about 80 employees. 

Mr. Pramod Raj & Team
Mr. Pramod Raj & Team

At Creatigrity Technologies, they fulfill the demands of industry professionals by helping them connect to the talent they are looking for. Creatigrity Technologies hires people who are freshers and trains them to be industry ready. Creatigrity Technologies is changing the lives of people by hiring people who are skilled and belong to the underprivileged background in society and trying to make an impact in society by helping them. So far, Mr. Pramod has trained about 4500 people at Creatigrity Technologies and continuously working on this.

After gaining invaluable experience over 18 years in the recruitment industry, I felt a burning desire to start my own path. With a vision in mind, I took a leap of faith and established my own company, Creatigrity Technologies, in Bangalore. The company aimed to provide innovative solutions and services in the ever-evolving tech industrySays Mr. PRAMOD

One Life, Make It Happen” – By Pramod Raj Shukla

Giving Back To The Community

Mr. Pramod Raj Shukla is an inspiration for all those who have a never give up attitude. He always had the ambition of doing something different, and the journey has never been easy. Despite challenges, he has paved his way toward success.

He is now a successful entrepreneur and has also developed a sense of responsibility to uplift others. He initiated several philanthropic projects to empower underprivileged youth through education and skill development. He firmly believed that education was the key to unlocking their potential and positively impacting society.

Redefining Inspiration through his YouTube Videos

Pramod Raj Shukla is successfully running a YouTube Channel and has 11K+ subscribers. Where he motivates and inspires youth with his videos and gives them a new aspect of thinking. In his videos, he has covered topics like technical discussions such as cyber security, communication skills, and topics like mental health.

Pramod Raj Shukla at Sandeep Maheshwari Show

He has also been invited to many other platforms as a speaker, where he gives motivational speeches and inspires audiences with his work and words.

Recognition & Achievements

Mr. Pramod Raj Shukla is the founder of Creatigrity Technologies and the senior vice president of Three Point Solutions. Besides this, he is a passionate fan of art, cinema, modeling, and content production. Pramod Raj Shukla is successfully running a YouTube Channel and has 11K+ subscribers.

He is also a fitness enthusiast and influencer. He is empowering youth by being a public speaker and life coach on the platforms like YouTube and JOSH TALKS, where he is trying to bring positive change in them and empower them to live their lives best.

Pramod Raj Shukla’s dedication and vision did not go unnoticed. He received numerous accolades and awards for his entrepreneurial achievements and contributions to social causes. And some achievements are:

Karnataka Top Influential – Leadership Award 2023 

India Excellence Award 2023 – Blindwink 

Certificate of Recognition 2022 – The Green School Bangalore 

Certificate of Appreciation – Best Boss 2022 

Certificate of Appreciation – Leading Entrepreneur 2022

Mr. Pramod Raj Shukla’s success story proves that you should never give up on your dreams. From a humble beginning in a small village to making a significant impact in the entrepreneurial world, he proved that with passion, hard work, and a commitment to giving back, one can overcome any obstacle and achieve greatness. Mr. Pramod Raj Shukla’s journey inspires countless individuals to reach for the stars, give back to society, and create a meaningful difference in the world.

Company details

Website Namewww.creatigrity.com 

Email IDpramod@creatigrity.com

Instagram profilehttps://www.instagram.com/pramodrajshukla/

Twitter profilehttps://twitter.com/PramodRajshukla

FAQs related to Pramod Raj Shukla

Who is Pramod Raj Shukla ?

Mr. Pramod Raj Shukla – is an entrepreneur, public speaker, influencer, YouTuber, and fitness enthusiast.

Who is the founder of Creatigrity Technologies

Mr. Pramod Raj Shukla is the founder of Creatigrity Technologies.

Pramod Raj Shukla belongs to which city in India?

Munger, Bihar

What is the Net Worth of Pramod Raj Shukla?

Pramod Raj Shukla’s Net worth is not Known.

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Meet the #1 LinkedIn Influencer in Israel: Pratik Thakker! https://www.scoopearth.com/meet-the-1-linkedin-influencer-in-israel-pratik-thakker/ Mon, 31 Jul 2023 18:47:09 +0000 https://www.scoopearth.com/?p=290780

In the world of entrepreneurship, stories of triumph and resilience are often shaped by a passion for innovation and an unwavering spirit. One such story is that of Pratik Thakker, Israel’s top LinkedIn influencer, whose extraordinary LinkedIn journey has propelled him to the forefront of the global professional community.

At the young age of 7 years, when boys are busy with cars and video games – Pratik had a eureka moment when he kickstarted his entrepreneurial journey by borrowing Rs. 3,000 from his father for selling fancy firecrackers on Diwali. 

Growing up, the zeal to make something happen only grew stronger. It was the same spirit that made him put his foot forward on LinkedIn – and share insights and experiences about his professional journey. Even though he got very little engagement on his posts initially – he never gave up!

Pratik’s inspiration to become a LinkedIn influencer came from a desire to connect and inspire professionals globally. From startups and marketing to leadership, he shared his diverse knowledge, sparking a chain reaction that garnered immense support and love from the LinkedIn community. His posts on LinkedIn, covering a wide range of topics from startups, marketing, and leadership to the future of work and remote work, have captivated the minds of thousands.

Pratik Thakker : Founder and CEO of Insidea
Pratik Thakker : Founder and CEO of Insidea

As a LinkedIn influencer, he recognized the immense opportunities the platform presented. His genuine passion for remote work and the future of work allowed him to establish himself as a trusted resource for professionals seeking insights in an ever-evolving work environment. He left a lasting impact on his audience by addressing leadership, personal development, and industry insights.

The Future of Work | Pratik Thakker | TEDxIIITV|Insidea

His engagement strategies were always focused on creating relatable and thought-provoking content to further connect with his followers. He interacted with his audience, listened to their needs, and consistently provided value through his posts. He built a loyal community of professionals who eagerly awaited his posts by striking the right balance between professional expertise and personal touch.

As good a visionary as he is in the entrepreneurial world – he knew what his LinkedIn audience wanted from him soon enough. Knowing the tumultuous state of the world’s job market in a post-pandemic world, he used his forward-thinking abilities to anticipate future job market trends.

Pratik’s contributions extended beyond LinkedIn with his widely acclaimed newsletter, ‘Future of Work.’ This valuable resource provided professionals with strategies and trends to adapt to the rapid changes in the work landscape, showcasing his entrepreneurial acumen. Through his newsletter, he established himself as an opinion leader in the industry, gaining recognition for his foresight and ability to forecast trends in the ever-evolving job market.

His approach proved successful. More people viewed his content and interacted with his posts, cementing his status as a thought leader. The newsletter further underscored his standing as a prominent influencer in the professional sphere.

The success of ‘Future of Work’ also opened doors for him to collaborate with industry leaders, enabling him to expand his network and reach a broader audience. Leveraging these partnerships, he continued to curate relevant and timely content, keeping his subscribers ahead of the curve in the ever-changing professional landscape.

His marketing strategies weren’t limited to just the online world. He collaborated with various organizations and institutions to conduct workshops and seminars, sharing insights from his newsletter and engaging with professionals face-to-face. These offline endeavors added a personal touch to his brand and further reinforced his position as a thought leader in the industry.

Pratik’s influence on LinkedIn transcended borders, propelling him into the ranks of the Top 100 Global LinkedIn Influencers and earning him a spot in the prestigious Times 40 Under 40 list. His thought-provoking content resonates with professionals across various industries, solidifying his position as one of Israel’s top LinkedIn influencers.

His dedication to fostering the growth and engagement of the LinkedIn community earned him recognition among the Top 20 Emerging LinkedIn Influencers by Business Outreach. He expressed his gratitude in response, reaffirming his commitment to providing valuable content and insights.

“I am purely grateful for all the support and love I have received on LinkedIn. The journey till now has been a definite rollercoaster ride. From getting a single like from my wife, Nancy Pezarkar, on my LinkedIn posts to having lakhs of followers supporting me at every phase now, seems like the biggest achievement,” shared Pratik, with a smile.

Nancy Pezarkar and Pratik Thakker : : Founders of Insidea
Nancy Pezarkar and Pratik Thakker : Founders of Insidea

Despite his numerous accolades and achievements, he remains grounded and humbled. He is deeply grateful for his recognition for his work in entrepreneurship and LinkedIn influence.

His LinkedIn influence did not come without its challenges. However, he embraced each obstacle as an opportunity for growth. He carved a niche through authentic storytelling and thought-provoking content, resonating with professionals from various industries.

At the heart of Pratik’s success lies INSIDEA, the organization he co-founded alongside Nancy Pezarkar, his better half and a marketing maven in her own right. Together, they formed a powerful team, inspiring others and flourishing in the digital world while driving the growth of INSIDEA.

Insidea Team
Insidea Team

Like any entrepreneurial journey, he faced challenges head-on. Moving to Israel marked a significant turning point where he grappled with homesickness and anxiety. However, his determination and resilience kept him on course, knowing that failure is inevitable on the path to success. 

Beyond his LinkedIn success, Pratik’s entrepreneurial ventures in Israel made waves in the tech landscape. Founding two tech-based companies, Webzoly and Testlify, he proved his mettle as a visionary leader. Through his companies, he has bridged the gap between Israeli tech companies and the burgeoning market of India, earning the moniker of Israel’s tech ambassador to India.

In the world of entrepreneurship, Pratik Thakker’s story serves as a shining example of the transformative power of LinkedIn. His journey from humble beginnings to becoming Israel’s top LinkedIn influencer and visionary entrepreneur is a testament to the boundless opportunities that the platform offers for professional growth and global impact. As he continues to shape the future of work and inspire others, Pratik’s influence on LinkedIn will surely leave an indelible mark on the world of business.

Insidea Logo

Reach Us :

Website Url : https://insidea.com/

Facebook Page link: https://www.facebook.com/InsideaOfficial

Linkedin Page link: https://www.linkedin.com/company/insidea/

Instagram Page link: https://www.instagram.com/insideaofficial/

Twitter Page link: https://twitter.com/InsideaOfficial

Youtube Link : https://www.youtube.com/@insideaofficial

FAQ’s related to Linkedin Influencer Pratik Thakker:

Who is Pratik Thakker ?

Pratik Thakker Is the Founder of Insidea and a Top Linkedin Influencer in Israel.

Who is the Top Linkedin Influencer in Israel?

Pratik Thakker is the Top LinkedIn influencer in Israel.

Who is the CEO of Insidea?

Pratik Thakker is the Founder and CEO of Insidea.

What is Insidea ?

Insidea helps you hire exceptional remote talent in any domain from around the world, ensuring smooth business processes and defined growth.

Who is Wife of Pratik Thakker ?

Pratik Thakker’s Wife Name is Nancy Pezarkar?

Who All are Founder’s of Insidea ?

Pratik Thakker and Nancy Pezarkar

What is the Net Worth of Pratik Thakker

Pratik Thakker Net Worth in not known

What is the Age of Pratik Thakker ?

Pratik Thakker Age in not Known.
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UPSC results declared, Shruti Sharma take top position as women clinch 1st 2nd and 3rd spots https://www.scoopearth.com/upsc-results-declared-shruti-sharma-take-top-position-as-women-clinch-1st-2nd-and-3rd-spots/ Tue, 31 May 2022 06:55:22 +0000 https://www.scoopearth.com/?p=95097 One is from Delhi, while the other two hail from West Bengal and Punjab, respectively. Two of them were St Stephen’s students, while the third is an engineer. Women have now occupied the top three spots in the UPSC Civil Services Exam for the first time in seven years.

upsc results declared

Shruti Sharma of Delhi topped the merit list issued on Monday for the 2021 test, followed by Ankita Agarwal of Kolkata and Gamini Singla of Anandpur Sahib in Punjab. Ira Singhal, Renu Raj, and Nidhi Gupta were the top three students in the 2014 test, with Vandana Rao finishing in fourth.

This year’s topper attended Delhi’s Sardar Patel Vidyalaya and graduated with honours in history from St Stephen’s College. She enrolled at Jawaharlal Nehru University (JNU) for post-graduation before dropping out to study for the Civil Services Exam, mostly through Jamia Millia Islamia’s free Residential Coaching Academy (RCA).

Sharma was competing for the second time, and she is the first in her family to qualify. Sunil Dutt Sharma, her father, is an architect who operates a building firm in Delhi. Rachna Sharma, her mother, is a former teacher.

Her family is from Uttar Pradesh — her father is from Bijnor, and her mother is from Bulandshahr — which is why the state is her first choice for a cadre.

Ankita Agarwal, a St Stephen’s graduate who is presently training for the Indian Revenue Service in Faridabad, is next on the list of high scorers. In her third attempt, she passed the IAS.

Agarwal, 26, studied economics in college and runs a company in Kolkata with her parents.

Gamini Singla, who came in third place, graduated from Punjab Engineering College (PEC) in Chandigarh with a BTech in computer science and sociology as an elective.

Singla, 23, claimed her father, Dr. Alok Singla, and mother, Dr. Neeraj Singla, both Himachal government medical personnel, were instrumental in her success. “The true driving force behind me was my father.” Every day, he studied books and newspapers with me in order to assist me in preparation for crucial themes,” she explained. Tushar Singla, her younger brother, is an IIT-Kharagpur graduate.

Apart from the top three, the lady who holds the All-India Rank (AIR) 8 is Delhi’s Ishita Rathi, who qualified in her third try.

Rathi earned her bachelor’s degree in economics from Lady Shri Ram College and her master’s degree in economics from Madras School of Economics. She worked for a big firm for a year before leaving to study for the exam.

This time, a total of 685 individuals qualified for the Civil Services, 508 males and 177 women. In 2020, there were 545 men and 216 women on the list of qualifiers. In 2019, a similar trend emerged, with 632 men and 197 women qualifying.

Aishwarya Verma and Utkarsh Dwivedi finished fourth and fifth overall this time, respectively, behind the three women’s winners.

Prime Minister Narendra Modi congratulated the selected applicants on Twitter, writing that they “are commencing on their administrative careers at a critical period in India’s development path, when we are observing Azadi Ka Amrit Mahotsav.”

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How To Start A Career In Project Management- Comprehensive Guide https://www.scoopearth.com/how-to-start-a-career-in-project-management-comprehensive-guide/ Sun, 05 Sep 2021 03:37:05 +0000 https://www.scoopearth.com/?p=17619 Project management is right now one of the most in-demand jobs in the industry! Reasons being the highly competitive markets, global challenges, and call for increased efficiency. In today’s competitive business world, project management finds its application almost everywhere.

To survive in this fierce competition, organizations need a structured approach for their plans. They need to plan, organize, control, and manage their resources in the most efficient way possible to deliver desired results. This need for efficiency gave rise to a new position in the market, which was project management. Project managers are trained to plan and execute different initiatives in the form of projects and complete them within the given time frame while meeting all the requirements.

With their sound skills and knowledge, project managers solve all the threats and complexities in the project and make sure that the desired goals are met at the end of the day.

If you are someone who is planning to start a career in Project management, then this article will give you a broad picture of-

  • What is project management, and why is it important?
  • What does a project manager do?
  • How to become a Project manager?
  • Future prospects of project management and much more!

What is project management, and why is it important?

Project management refers to how a person or a team plans, organizes, and manages the necessary resources to meet a goal or a project. While a project, in simple terms, is a piece of work with specific goals, it can be the development of a new product, implementation of new software, machinery, or building a spacecraft.

In the past few decades, we have seen rapid growth in businesses, like ditching old methods and adopting new technologies, going global, and the rise of startups, etc. These sudden changes in the internal and external business environment have given rise to new requirements, and expectations and businesses don’t respond to these changes; they would not survive in today’s competition. That is why organizations need talented project managers who can combat these changes and potential risks and help them achieve their goals.

What does a Project Manager do?

Now let us have a look at the roles and responsibilities of a project manager and understand their work in brief.

  1. Planning & scheduling: Before the commencement of any project, it is the job of a project manager to make a plan and a schedule to set the direction. He decides how to execute and move forward according to the timelines.planning template.
  • Managing resources: They have to efficiently manage all the resources, such as people, finance, etc., to bring the best out of the project.
  • Controlling cost overrun: Project managers are responsible for completing the projects within the given budget. In case of any deviation, they need to tweak the plans accordingly and notify relevant stakeholders. Hence reducing the chances of last moment surprises.
  • Ensuring quality as expected: They make sure that the project outcomes meet or exceed the goals set by stakeholders and maintain the quality of the project.
  • Boosting team morale: People are the essential assets for project managers. The outcomes of any project depend on the whole team. Project managers encourage their teams and that their efforts don’t go unrewarded in the end.
  • Managing & ensuring integration: They manage and integrate different functions while applying ethical project management methodologies and knowledge to get desired outcomes.

How to become a Project manager?

The easiest way to become a project manager is to seek formal education and training. However, there are no ground rules for becoming a project manager and no dedicated educational qualification. You can take any introductory project management course and become an entry-level project manager. Eventually, after gaining enough experience, you can go for a project management certification and become a senior project manager. The most common project management certification is PMP. Check out this comprehensive guide on how to crack PMP certification.

But before you start looking for an entry-level project management job, you should find a company that gives you the space to grow and learn more from your coworkers and seniors.

Eventually, you can transition to a program manager role and handle multiple related projects or become a portfolio manager. Subsequently, you become a project management office manager whose job is to ensure the entire company’s project organization. 

Future prospects of project management-Fact & Figures

Project management is indeed the most sought–after career today. As per the Project Management Institute(PMI) report, there will be around 87.7 million project management roles worldwide by the end of 2027.

Thanks to increased demand changing the business environment, there will be huge job opportunities in project management in various industries, including manufacturing, IT, finance, construction, etc.

Currently, there is a widening gap between the need and availability of skilled PMPs. Therefore, organizations are constantly looking for skilled project management professionals.

Apart from job opportunities and market demand project management jobs are financially rewarding. As per research conducted in 2017, the salaries in project management roles were almost 82% higher than the salaries of other roles. As per the report by PMI, the average salary of a project management professional is as high as $120K in developed countries, while in developing nations, it is somewhere around $25K to $30K per annum.

Besides that, project managers also enjoy tons of other benefits such as work flexibility, good work-life balance, chances to travel abroad for multiple projects, and tons of different learning opportunities.

Oftentimes, project managers also end up being CEOs. The exposure and learning they get by managing people, processes, and finances take them on a totally different level. In a nutshell, we can say that the PMP roles are kind of training to become a CEO.   

Conclusion

In summation, project management roles have a very bright future with massive demand in times to come. It is a role that will never come to cease even after artificial intelligence takes over.

If you want to earn a handsome salary, travel globally, and maintain a good work-life balance, then project management is just the right choice for you. So go ahead, get an entry-level job, earn experience, then a certificate, and shape your career.

Author Bio

Mr. Ram Tavva is a Senior Data Scientist and Alumnus of IIM- C (Indian Institute of Management – Kolkata) with over 25 years of professional experience specialized in Data Science, Artificial Intelligence, and Machine Learning.

He is also a PMP Certified, ITIL Expert certified PMG, PEOPLECERT, and EXIN Accredited Trainer for all modules of ITIL till ExpertTrained over 3000+ professionals across the globe currently authoring a book on ITIL “ITIL MADE EASY”.

He has Conducted myriad Project management and ITIL Process consulting engagements in various organizations, Performed maturity assessment, gap analysis, and Project management process definition and end to end implementation of Project management best practices

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