December 04, 2019: Sunstone Eduversity (owned by Sunstone Education Tech. Pvt. Ltd.) an ed-tech startup is offering industry-ready MBA programs with Pay after Placement in Delhi-NCR, Bangalore, Indore, Jaipur & Chandigarh. The company wants to build its network of colleges across 10 cities. Sunstone will also strengthen its efforts in creating industry-ready professionals by investing in technology and curriculum. Sunstone will select 2000 students across nine cities in 2020 for its management program.
Sunstone’s unique Pay after Placement model is offered in partnership with several colleges and private universities. Sunstone works closely with corporates to develop industry-ready specializations such as BFSI, Logistics, Sales Management, Digital Marketing and others. These programs are designed to equip the students with the required expertise to tackle everyday business problems and build competencies across industry verticals. The program allows students to focus on completing the course rather than worry about financing their higher education. At the time of enrollment, a nominal registration fee is charged for the 2-year full-time program. On completion of the course and only after getting a job, the student is required to pay the course fee which is ten times the monthly salary. Owing to this unique model, Sunstone has already received an overwhelming response from the students; this year Sunstone has selected 300 students from a total of 4200 applications.
According to a recent study, only 36.4% of MBA graduates are considered employable. Another alarming statistic shows that only 37% of MBA graduates across India are placed (according to the data from AICTE). Students who graduate from the top 100 colleges are employable, whereas students who graduate from 3900 other colleges are not taught the right skill sets and the education quality, in general, is low. The curriculum taught in most of these MBA colleges is mainly theoretical and hasn’t been updated for years.
With the growing number of new-age businesses and dynamic job profiles, the requirement of graduates with a high-level domain knowledge and core competencies is the need of the hour. Sunstone works very closely with various corporates and actively seeks participation from corporate leaders in designing the curriculum. The industry-focused and constantly updated curriculum coupled with dual specializations ensure that the students at Sunstone Eduversity are job-ready and have the desired skill sets that are in sync with the requirements of any industry. The goal of the company is to bring about a shift in the MBA by equipping the students with the latest and the best management principles, practices, theories and standards so that they are readily absorbed by the recruiters.
Founded by IMT-Ghaziabad alumnus Ashish Munjal and Piyush Nangru, Sunstone has five partner institutions in three cities with 300 students enrolled and is planning to partner with 10 more colleges. The company recently raised INR 11.3 crore in seed funding led by Prime Venture Partners with participation from LetsVenture, PS1 Ventures and Rajul Garg.
Ashish Munjal, Co-Founder, Sunstone Eduversity said “The reason for the gap between the jobs available and training curriculum is primarily because most of the students who graduate from the lesser-known MBA colleges are not taught the desired skill sets that make them industry-ready. Our aim is to produce industry-ready professionals who can start contributing towards an organization’s success right from the beginning.”
Gazal Kalra, Co-founder, Rivigo said, “Students who have joined us from Sunstone have shown great performance and as a result have got considerable growth within the company. It is not only their performance but also their professional attitude and behaviour which sets them apart. Now, it has become customary for Rivigo to hear from Sunstone Eduversity every year as good candidates are always needed”.