the

story

An additional 70 million pursue vocational training.

Each year, more than 15 million people graduate from colleges and universities worldwide.

They hope to be rewarded with gainful employment.

But a high percentage of them do not find jobs.

Even when they find jobs, the jobs are often not commensurate with their skills.

Source: National Employability Report 2014

In India, 80% of all graduates are still unemployed six months after finishing college.

Source: National Employability Report 2014

0

10

20

30

40

50

Un

emp

loym

ent

Rat

e (

in %

)

Countries

Age 20-24 Age 25-50

Worldwide, the unemployment rate for educated young people is significantly higher than for older professionals.

Source: International Labor Organization

This is despite many unfulfilled job positions across the globe.

Source: International Labor Organization

In the U.S., 5 million jobs are unfilled!

Problem!

Despite open jobs!

Despite the glut of graduates, companies have difficulty finding suitable candidates.

Employable candidates from colleges outside the elite ranks experience great difficulty finding jobs.

Congratulations! You just found a job!

*Employable candidates: Candidates who possess the skills required for a given job.

Graduates from non-elite colleges who have similar skills as graduates from elite colleges have a 24% less chance

of finding a job.

Source: National Employability Report 2014

Source: National Employability Report 2014

On average, despite possessing a similar skill-set, a graduate from a

non-elite institution earns only 80¢

for every $1 earned by a graduate from an elite

institution.

Studies in the U.S. and Israel have shown that it takes 7-10 years to equalize such discrepancies in salary.

Source: The effect of attending flagship stateuniversity on earnings: A Discontinuity BasedApproach

Also companies consider high school and college GPA when making hiring decisions.

68% of companies weigh GPA heavily when screening candidates.

Source: Job Outlook 2015

GPA is not a good criterion for hiring.

Source: National Employability Report 2014

Source: IT companies missing 28% of the available employable pool

28.3% of employable graduates are eliminated from the hiring process due to GPA-based criteria.

And then there are more problems…

Educational institutions do not know what employers are looking for in graduates

Source: McKinsey Survey

Graduates lack key employability skills:• 51% of engineering graduates do not qualify for software jobs

because they lack soft skills.• 56.5% do not qualify because they lack technical knowledge.

Source: National Employability Report 2014

Due to a similar lack of hard and soft skills, only 15.88% of graduates qualify for jobs in sales. For

hospitality industry roles the figure is 25%.

Source: Aspiring Minds Internal Study, 2015

To sum it…

Problem- Mismatch

Reason

Educated jobseekers cannotfind jobs

Or, they are underemployed

Companies cannot fill openpositions

Companies overlook many employable candidates.

Educated candidates lack employability skills .

How do we solve these problems?

In 2008, we built a

standardized test for hiring: AMCAT

AMCAT is a strategy and assessment tool for jobseekers. It measures employability skills and provides a

personalized roadmap for improvement and success.

Jobseekers use AMCAT to highlight their skills and present their best face to employers.

Source: National Employability Report 2014

Now, a million jobseekers take AMCAT each year and 2000+ companies use AMCAT credentials in hiring.

We wanted to know what impact, if any, did

we have?

So, we analyzed the 100,000+ job matches facilitated by AMCAT in

last two years.

Source: National Employability Report 2014

We found that 79% of jobseekers placed via AMCAT came from non-elite colleges, compared to 58% of

placements in the open labor market.

Each of these graduates possessed skills comparable to graduates from elite institutions. AMCAT revealed the

hidden employable candidates.

Source: National Employability Report 2014

EnglishQuantitative

AbilityLogical Ability

Elite Colleges

Non-Elite Colleges

AMCAT Score Scale: 100-900

Also, via AMCAT, small companies got access to graduates from elite institutions: 27% of new hires, compared to 16%

from the open market.

Source: National Employability Report 2014

SMEs often cannot attract talent from elite colleges because they lack resources.

Source: Oecd.org- Small Businesses, Job Creation and Growth

Also, 22% of AMCAT hires had lower GPAs than what companies generally preferred.

Source: National Employability Report 2014

Furthermore, 150,000+ AMCAT alumni have put their credentials on their LinkedIn profiles.

66% of these graduates are from non-elite colleges.Profiles with credentials have six times more views than others.

We ran a regression on AMCAT job offers : Salaries for AMCAT hires were influenced by AMCAT scores only.

Source: National Employability Report 2014

Graduates from elite and non-elite colleges with similar AMCAT scores received similar salaries. Perfect match!

FIRST YEAR SALARY

AMCAT SCORES

ZoeyGPA: 2.1

ChloeGPA: 2.9

Tyler Elite College

TaylorNon-elite College

Thus we brought the disenchanted back to the labor market through a championship of merit.

But did we help them gain a better understanding of their skills gap?

Students received a feedback report that identified their skills gap for different jobs and presented ways to mitigate them.

Link: Candidate Feedback Report

30%+ of jobseekers worked on improving different employability skills

Source: Aspiring Minds Internal Study, 2015

39%

31%

47%

43%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

English Logical Ability QuantitativeAbility

Domain Skills

Perc

enta

ge

71% of students altered their study schedule based on their feedback report.

Source: Aspiring Minds Internal Study, 2015

Yes, a lot29%

Yes, somewhat42%

A little change

21%

No change8%

INFLUENCE

Source: Aspiring Minds Internal Study, 2015

72% of students utilized the training resources recommended in their report.

Yes, many18%

Yes, some53%

Hardly any29%

RESOURCE UTILIZATION

They used various resources to improve their skills

Similarly skilled graduates compete on a level playing field

Companies find employable candidates from anywhere andeverywhere

Students get and act on feedback to improve employability

AMCAT Impacted globally and growing every year..

Varun Aggarwal, MS EECS, MIT, USA

❑ More than 20 publications in AI and statistical pattern recognition.

❑ Winner of HUMIES at GECCO 2006, Bruce Kelley Award for best article in AWA.

Himanshu Aggarwal, B Tech CSE, IIT, Delhi

❑ Experience in Large scale enterprise class technology development and deployment

❑ Over 15 years of technology and business experience in the US and India.

Aspiring Minds team is 600 people strong, boasting of alumni of premier institutions such IIMs, IITs & NITs with dozens of years of experience at large corporate and MNCs.

Dr. Una-May O’Reilly, Research Scientist,

CS & AI Lab, MIT

Board of Advisors

Co-Founder & CTO Co-Founder & CEO

The Team

Prof. Tarun Khanna, Harvard Business

School

Prof. Vijay Bhushan, Founder Head,

Dept. of CS, Delhi University

Prof. Steven Stemler, Education Psychology,Wesleyan University

Prof. Susan Gracia, Graduate Education Program,

Northeastern University