Masters' Union School Of Business: Rs 300 crore business school to generate innovative leaders

The innovative institution is the brainchild of pre-eminent thought industry veterans and leaders. 

A group of leading top academics, business persons, and senior bureaucrats on April 9, 2020, announced that they will invest ₹300 crores to build a new-age institution in Gurugram, Masters Union School of Business, with a razor-sharp focus on technology to give the next-gen of business professionals to the economy i.e. digital as well as innovative.

Located in Cybercity, Gurugram, the campus of Masters' Union School of Business will tap its locational advantage to build deep industry connections with over 600 multinational corporations based in the special economic zone (SEZ).

The innovative institution is the brainchild of pre-eminent thought industry veterans and leaders such as Mukund Rajan (Former MD, Tata Teleservices Limited), Arun Maira (Former Chairman, Boston Consulting Group), Karthik Ramanna (Director, University of Oxford), Tathagata Dasgupta (Chief Data Scientist, Viacom), Narendra Jadhav (Member of Parliament, Rajya Sabha and Former Chief Economist, RBI), Bhaskar Chakravorti (Former Professor, Harvard Business School and Former Partner, McKinsey & Company).

Talking about the vision on which the Masters Union School of Business  will be based, Ramanna, a founding member of the institute stated, “The element I am most excited about is that the curriculum will be developed dynamically with inputs from leaders in business, leaders from the government as well as leaders from the third sector.”

He further added, “This curriculum and pedagogy will ensure that students are receiving learning that is connected to, and serves the need of the industry."

In order to keep hands-on learning at its very core, the institute launched its flagship, a 16-month intensive programme, PGP-TBM (Post Graduate Program in Technology Business Management). The course will be delivered using live consulting projects, field tours and internships, to offer students industry-immersive learning at every step.

In addition, the Masters Union School of Business (MUSB) will also conduct tech boot camps in emerging technologies like Artificial Intelligence (AI), Blockchain, software-as-a-service (SAAS) and cybersecurity.

The course will render unique industry concentrations for the students choose from such as PE/VC (private equity/venture capital), Digital and E-commerce Technology, Product and Project Management and Banking to name a few, areas that are at the cross-section of technology and business model disruption.

The institute is also working on creating a unique student-run venture fund with a corpus of ₹5 crores that will be invested in areas such as capital markets and real estate.

Under the institute, there will be a research-based forum, a Centre for New Business Models that will convert and formulate business opportunities in newer technologies such as blockchain, bio-tech, and machine learning.

To provide students to have a first-hand look into a day of a CXO, MUSB will run a CXO shadow programme. The programme gives experience to the students on how organisations are run and business decisions are made.

Talking about the institute, Dasgupta who is also a founding member of MUSB, stated, “In medical schools, doctors teach students, practicing lawyers teach in law schools, but in business school's 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."

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