Scaler Allocates INR 50 Crore for the Development of Scaler School of Business
Scaler, a prominent education provider in India, has announced a substantial investment of INR 50 crore towards the development of its newly launched Scaler School of Business (SSB). This funding will be directed towards building offline infrastructure, updating and designing the curriculum, establishing industry partnerships, and onboarding top-tier 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, particularly in entry-level positions at top-tier campuses, remain a concern. The report underscores the necessity for educational institutions to equip students with diverse skills essential for success in the digital age. Traditional MBA programs, often delivered by academic scholars, tend to focus on theoretical knowledge in business principles. Despite efforts to incorporate practical skills through case studies, these methods frequently fall short in preparing graduates for the dynamic business environment.
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 aligns with the realities of modern, tech-driven businesses. The full-time Postgraduate Program in Management and Technology (PGP-MT) provides a blend of theoretical knowledge and practical application. Students will benefit from industry-driven evaluations, case studies from partner companies, immersive internships, and exposure to cutting-edge technologies like AI, enhancing their efficiency and tech capabilities far beyond that of the average MBA graduate.
An additional highlight of SSB is the Scaler Innovation Lab, an on-campus incubator. This facility will enable students to build and present prototypes, products, apps, and MVPs, offering a unique platform to demonstrate their entrepreneurial and innovative skills to leading investment firms in the country.
Bhavik Rathod, Senior Vice President at Scaler, emphasized the need for a balanced approach in business education. “Future leaders need to know the core fundamentals of business along with a deep understanding of technology and how that can be leveraged to operate at 10x efficiency. Unfortunately, most MBA programs today are still too theoretical, archaic, or lack enough industry exposure and real-world problem-solving, resulting in graduates who find it hard to get compelling job opportunities or lack the necessary job skills. We aim to change that with our practical-first, industry-integrated, tech-enabled PGP-MT program at Scaler School of Business. These funds will allow the team to have sufficient resources, empowering them to be razor-focused on delivering world-class learning experiences to our learners.”
The program caters to both technical and non-technical job opportunities and is suited for working professionals with a few years of experience or fresh graduates. The founding cohort will consist of 75 to 100 handpicked students and will commence in August 2024. Scaler’s extensive network of over 900 employer-partners, including top companies like Google, Microsoft, Amazon, Facebook, Zomato, Airtel, Wells Fargo, and PayPal, will be leveraged to support SSB learners in building sustainable careers. The Scaler School of Business campus is located in Electronic City, Bengaluru, alongside the Scaler School of Technology, fostering unique collaborative opportunities between management and technology professionals and ensuring a comprehensive learning experience.