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Scaler allocates INR 50 million to develop Scaler School of Business

Edtech

Scaler, India’s leading education provider, has announced a significant investment of INR 50 million in the development of its newly launched Scaler School of Business (SSB). This funding will go towards building offline infrastructure, updating and designing curricula, establishing industry partnerships and engaging top leaders as coaches, mentors and instructors.

According to Deloitte Touche Tohmatsu India LLP’s (Deloitte India) latest Campus Workforce Trends 2024 Study, attrition rates among MBA graduates, especially in entry-level positions at top-tier universities, remain a concern. The report highlights the need for educational institutions to equip students with the various skills necessary to succeed in the digital age. Traditional MBA programs, often delivered by academics, tend to focus on theoretical knowledge in business principles. Despite efforts to incorporate practical skills into case studies, these methods often fall short in preparing graduates for a dynamic business environment.

The Scaler School of Business aims to address these challenges. As India’s first business school designed by industry leaders for future industry leaders, SSB offers a curriculum that matches the realities of modern technology-based businesses. The full-time Postgraduate Program in Management and Technology (PGP-MT) provides a combination of theoretical knowledge and practical application. Students will benefit from industry-led assessments, case studies from partner companies, immersive internships and exposure to cutting-edge technologies such as artificial intelligence, which will increase their effectiveness and technical capabilities far beyond the average MBA graduate.

Another highlight of SSB is the Scaler Innovation Lab, an incubator on campus. This facility will enable students to create and present prototypes, products, applications and MVPs and offers a unique platform to showcase their entrepreneurial and innovative skills to leading investment firms in the country.

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Bhavik Rathod, senior vice president at Scaler, emphasized the need for a balanced approach to business education. “Future leaders need to know the fundamentals of business along with a deep understanding of technology and how it can be used to operate with 10x efficiency. Unfortunately, most MBA programs today are still too theoretical, archaic, or lack sufficient industry exposure and real-world problem solving, resulting in graduates having difficulty landing compelling job opportunities or lacking the necessary job skills. We aim to change that with our first hands-on, industry-integrated and tech-enabled PGP-MT program at the Scaler School of Business. These funds will allow the team to be adequately resourced and focus on providing a first-class educational experience for our students.”

The program focuses on both technical and non-technical job opportunities and is suitable for working professionals with several years of experience or recent graduates. The founding cohort will consist of 75-100 selected students and will commence in August 2024. Scaler’s extensive network of over 900 employer-partners including top companies such as Google, Microsoft, Amazon, Facebook, Zomato, Airtel, Wells Fargo and PayPal , will be used to support SSB students in building sustainable careers. Located in Electronic City, Bengaluru, adjacent to the Scaler School of Technology, the Scaler School of Business campus fosters unique opportunities for collaboration between management and technology professionals and provides a comprehensive learning experience.

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