As announced by the World Business Angels Investment Forum, Gagan Arora Founder & CEO – Vertex Group, has been appointed as Senator for India. Senator Gagan Arora will represent India at the Grand Assembly of the World Business Angels Investment Forum. The inclusion of India in WBAF provides a wide range of opportunities for India’s start-ups, scaleups and high growth businesses and opens doors for economic development.Gagan Arora Senator WBAFWith this new appointment, India has joined the largest forum of the world’s equity investment markets and will now be able to connect more with the global investors market, which will open up splendid opportunities for the country. Now local India angel investors, incubation centres, accelerators, private equity funds, co-investment funds, technology parks, corporate ventures and aspiring entrepreneurs will have more opportunity to connect with global leaders in the same field.The inclusion of India in WBAF provides a wide range of opportunities for India’s start-ups, scaleups and high growth businesses and opens doors for economic development.Baybars Altuntas, Chairman of the Board of Directors of the World Business Angels Investment Forum says “As an affiliated partner of the G20 Global Partnerships for Financial Inclusion (GPFI), the WBAF supports start-ups, develops entrepreneurial ecosystems, and helps venture capital and companies connect with international companies, fin- techs and other relevant institutions. We are confident about our contribution to the economic development of the country by facilitating connections with entrepreneurial ecosystems. We strongly believe that India will soon become a country that can foster the development of its economy in a more entrepreneurial atmosphere.”Gagan Arora, Senator for India said, “As per a recent Nasscom report, The Indian Technology start-up landscape has evolved to become the 4th largest in the world. Since 2010 there has been a significant rise in the growth of technology startups and in e2014 India was home to 3,000 technology start-ups. The World Business Angels Investment Forum (WBAF) is an international organisation aiming to ease access to finance for businesses from start up to scale up to exit, with the ultimate goal of generating more jobs and more social justice worldwide. It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, startups, and SMEs. I will be keen to contribute towards the WBAF global efforts to easing access to finance for entrepreneurs, promoting gender equality, increasing financial inclusion and promoting digital inclusion.”About the World Business Angels Investment Forum (WBAF)As an affiliated partner of the G20 Global Partnership for Financial Inclusion (GPFI), the World Business Angels Investment Forum (WBAF) is committed to collaborating globally to empower the economic development of the world by fostering innovative financial instruments for startups, scaleups, innovators, entrepreneurs and SMEs and to promoting gender equality and women’s participation in all sectors of the world economy. WBAF invites you to join our global efforts to ease access to finance, promote financial inclusion, and create more jobs and social justice.WBAF accomplishes its mission through various parties and channels. These include: 138 high commissioners, senators and international partners from 79 countries; 7 country offices on 5 continents; the WBAF Business School and its more than 50 faculty members from 32 countries; and 5 international working committees. WBAF also has an angel investment fund, partnerships with 12 global institutions, and economic cooperation agreements with 5 governments. The WBAF World Congress, held in February of each year, hosts at least 5 summits and numerous other events, including a Global Fundraising Stage and a World Excellence Awards ceremony. WBAF also boasts a number of publications, among which are the WBAF Business School Journal, World Class Startup Magazine, and Angel Investor Review Online.For more information, please visit www.wbaforum.orgAbout GPFIThe Global Partnership for Financial Inclusion (GPFI) is an inclusive platform for all G20 countries, interested non-G20 countries, and relevant stakeholders to carry forward work on financial inclusion, including implementation of the G20 Financial Inclusion Action Plan endorsed at the G20 Summit in Seoul. Queen Maxima of the Netherlands is the Honorary Patron of the GPFI.For more information, please visit www.gpfi.orgAbout Gagan AroraGagan Arora; Founder & CEO – Vertex Group (Vertex Global Services, Vertex Digital Academy, Vertex Next & Vertex Cosmos (VCOSMOS) Delegate for India – Global Chamber of Business LeadersChairman – Foreign Investors Council, Delhi Director – Global Education, Asian Arab Chambers of Commerce Mr. Gagan Arora, the three times winner of BEST CEO award, is a first-generation tech entrepreneur, a tenacious leader, and a tech evangelist, has successfully established himself as a well-known brand name in the industry. Vertex Group Founder and CEO, Gagan Arora, has led the growth of Vertex Group into 6 countries in just 5 years, which has been acknowledged by the industry and earned him many accolades including 40 UNDER 40 & Asia’s Youngest Entrepreneur by Asia One featured on CNBC & ET Now. Gagan is also recognized by GMI and Forbes amongst Top 100 Influencers in India. Mr. Gagan Arora, began his entrepreneurial journey as a torchbearer, then as an entrepreneur, and eventually as a leader. Because of his instinctive and razor-sharp intellect, Mr. Arora has a propensity for spotting opportunities and staying ahead of the trend. Mr. Arora says, “I always operate in a way that is more diverse and stimulates more opportunities.” He started Vertex out from a small garage in Florida, and in less than five years, he has grown the company across the globe, including United States, United Kingdom, India, Philippines, Nepal, Middle East, and Africa. Vertex was named as “Best Place to Work In India” by the Best Place to Work Institute for its best practices with ESAT at 94% and Global Score 92%. Under Mr. Arora’s leadership, Vertex has been ranked 19th amongst the 50 Most Innovative Companies across the globe.
Most students pursuing an MBA come with the sole objective of having a decent job offer or a promotion in the existing job soon after completion of the MBA. And most of them take loans to pursue this career dream. According to a recent survey by education portal Campusutra.com 74% MBA 2022-24 aspirants said they would opt for education loans.
There are exceptional cases like those seeking master’s degree or may have a family business to take care of or an entrepreneurial venture in mind. But the exception cases are barely 1%. For the rest 99%, a management degree is a ticket to a dream job through campus placements or leap towards career enhancements. Stakes are high as many of them quit their jobs which essentially means loss of 2 years of income, apprehension and uncertainty of the job market. On top of that, the pressure to pay back the education loans. Hence the returns have to be high. There is more than just the management degree. Colleges need to ensure that they offer quality management education which enables them to be prepared for not just the demands of recruiters and for a decent job but also to sustain and achieve, all along their career path.
- So, what exactly are the B Schools doing to prepare their students for the job market and make them industry ready ?
- Are B schools ready to deliver and prepare the future business leaders to cope up with the disrupted market ?
These are the two key questions every MBA aspirant needs to ask, check and validate before filling the MBA application forms of management institutes. And worth mentioning that these application forms do not come cheap. An MBA aspirant who may have shortlisted 5 B Schools to apply for, may end up spending Rs 10,000.00 to Rs 15,000.00 just buying MBA / PGDM application forms.
While internship and placements data of some management institutes clearly indicates that recruiters today have specific demands. The skill sets looked for are job centric and industry oriented. MBA schools which have adopted new models of delivery and technology, redesigned their courses, built an effective evaluation process and prepared the students to cope with the dynamic business scenario, have done great with campus placements despite the economic slow down.
However, the skill set being looked for by a consulting company like Deloitte or KPMG may be quite different from FMCG or a manufacturing sector. Institutes need to acknowledge this fact and act accordingly.
- Management institutes should ensure that students are intellectually engaged, self motivated and adapt to changes fast. In one word ‘VUCA ready’.
- B Schools should encourage students to participate in national and international competitive events, simulations of business scenarios.
- Institutes should have the right mix of faculty members with industry exposure and pure academics.
The placement records of 2021 across top management institutes indicated the fact that recruitment is happening, skilled talent is in demand and certain management institutions continued to attract recruiters even in the middle of an ongoing crisis.
It is time, all management institutes rise to the occasion, understand market realities and identify areas of improvement at both ends – students and faculty.
After all, the stakes are high at both ends. B Schools taking corrective measures will stay while those which are lagging will end up shutting down.
Author Name : Nirmalya Pal