At a time when the economy is going through a global slowdown in the times of COVID-19, it is technological innovation that will keep the world running. As a sector that is seeing growth even in these times, it is technology that shall help recovery and bring the world back on track and fight the challenges ahead. All the more reason why there is an urgent need to harvest young minds that are duly trained in their fields and have an in-depth knowledge of their subject matter.
A group of leading business stalwarts, top academics, and senior bureaucrats have announced that they will invest INR 300 Cr over the next 2-3 years to set up one such institute that shall focus on technology to create the next-gen of business professionals for a digitized economy. The Masters’ Union School of Business will have a distinguished faculty that will include Arun Maira (Former Chairman, Boston Consulting Group), Mukund Rajan (Former MD, Tata Teleservices Limited, Karthik Ramanna (Director, University of Oxford), Narendra Jadhav (Member of Parliament, Rajya Sabha and Former Chief Economist, RBI), Tathagata Dasgupta (Chief Data Scientist, Viacom) and Bhaskar Chakravorti (Former Professor, Harvard Business School, and Former Partner, McKinsey & Company).
Coming up in Cybercity, Gurugram, this institution will tap its geographical advantage to build an industry connect with the 600 MNCs that are based in the SEZ. Its flagship PGP-TBM programme is uniquely designed to ensure hands-on learning using live consulting projects, field tours, and internships. In addition to that, Masters’ Union will also conduct tech boot camps in artificial intelligence, blockchain, SAAS, and cybersecurity, etc. Unique industry concentrations – PE/VC, Digital and eCommerce, Technology, Product and Project Management, and Banking to name a few – that is at the cross-section of technology and business model disruption, shall also be offered so that students can get nuanced expertise as per the current industry trends.
The institute also plans to establish a unique student-run venture fund with a corpus of Rs. 5 Crores that will invest in areas like startups, real estate, and capital markets. It’s Centre for New Business Models, a research-based forum, will formulate business opportunities in newer technologies like blockchain, bio-tech, and machine learning. Additionally, Masters’ Union will run a CXO shadow programme that shall enable students to have a first-hand look at the day of a CXO to experience how organizations are run and business decisions are made
Speaking to India Today, Karthik Ramanna, Founding Master, Masters’ Union School of Business said, “The part I am most excited about is that the curriculum shall be developed dynamically with inputs from leaders in business, leaders from the government as well as leaders from the third sector. This curriculum and pedagogy will ensure that students are receiving learning that is connected to and serves the need of the industry.
Tathagata Dasgupta, Founding Master, Masters’ Union School of Business said, “In medical schools, doctors teach students, practicing lawyers teach in law schools, but in business schools, faculty may not have experience with hands-on leadership in the industry. That’s a gap Masters’ Union addresses by getting CXOs, MDs, and business leaders to teach and train students.”
Master’s Union School of Business plans to plug the urgent need of a technologically advanced and knowledgeable, young workforce that shall be able to combine corporate duty with global needs to provide sustainable solutions for a stable future.