Sunstone Eduversity launches “Pay after placement” MBA program where MBA students pay fee only after their placements
Sunstone Eduversity has launched “Pay after Placement” MBA program, a revolutionary performance based MBA program for deserving candidates. The program demands fee only after student is able to get placement. Hence, college is taking full responsibility of student's future .
A lot of concerns have been raised about the Indian MBA education system primarily due to lower employability of MBA graduates. Approximately 4 Lacs students graduate every year from regular MBA programs of which around 3 Lacs of these students are not employable today because they lack the skills needed by the industry. Poor performance of MBA colleges has increased the mistrust among students. It’s tricky to sign up for a 5-6 Lacs fee when you aren’t even sure about a job after completion.
"Pay after placement" MBA program by Sunstone Eduversity is improving this eco system in multiple ways :
First, it reduces the financial risks and encourages right candidates to pursue MBA. An investment or a loan is very easily justifiable when a student can be confident of cash flows in future.
Secondly, it rebuilds the lost trust between MBA colleges and MBA students as they work towards the common goal. This model ensures that a college does not make false promises.
Finally, this model forces the program to be industry-relevant. Mr RajulGarg, Founder and Director, Sunstone Eduversity says, "It’s not that our industry doesn’t create jobs for young management graduates. It’s the skill gap that obstructs their career path. This fee arrangement makes “career” as the final outcome, rather than a paper degree."
Currently this programme is available at Sunstone’s 4 campuses in Greater Noida and Ghaziabad. The program is already becoming very popular. Mr Nituj Gupta, Managing Director , Sunstone says "In only few days of its soft launch, Sunstone has received tremendous response with more than 200 candidates applying in a week. More importantly, these are good candidates who were not able to take MBA education decision due to financial risks and mistrust. It certainly increases our risks but at least, we are able to provide the right confidence to our students. We are proud to be the pioneer and would expect more institutions to solve this issue from a student’s perspective."