Shatakshi Sharma, MBA ’19 of the Indian Business School, is a co-founder of the Global Governance Initiative, which is working to make women and young people more accessible to business education.
As a 24-year-old project manager working for the Government of India, Shatakshi Sharma was honored to be frequent in the rooms where public policy was formed.
However, when programs were developed in those rooms to help young people access education and other initiatives to improve the lives of Indian people, Sharma she was often the only woman, 30 I realized that I was the only person under the age of.
“The lack of that representative really hit me,” says Sharma, co-founder of the Global Governance Initiative, a socially profitable venture aimed at democratizing higher education. “I also realized that many people would want to exchange places with me in the sense that they want to improve themselves and be in a position to fine-tune public policy.”
GGI co-founder Naman Shrivastava
55% of group graduates work for global companies like BCG and McKinsey
Sharma and Naman Shrivastava found GGI in 2019 with the mission of “creating a comprehensive world for young people and women by rebuilding the higher education environment of the 20th century through innovative masterclasses.” Did. They work to help young professionals break into management consulting, project management, and public policy. They were invited to the World Economic Forum to talk about their initiative.
Shrivastava previously worked for the Government of India and the United Nations, but Sharma is a former consultant to the Boston Consulting Group and a former policy adviser to the Tony Blair Institute for Global Change. In just three years, GGI has built an alumni network of over 5,500 representatives. 55% of them work for global companies such as BCG, McKinsey & Company, Dalberg, Amazon, the World Bank, or non-governmental organizations. (NGO) — To improve the lives of the entire planet. Over 3,100 GGI graduates are women.
The Education Platform has partnered with top business and social leaders to teach master classes in three major programs: Impact MBA Scholars, MPP Policy Scholars, and Impact Fellowships. The network of approximately 100 instructors includes McKinsey & Company’s first non-American Indian Global CEO, Rajat Gupta. Martin Reeves, Global Chairman of the BCG Henderson Institute, and Eve Kakarlus, Managing Partner of Prometheus Capital.
And they do it all at a fraction of the cost of a traditional MBA.
Indian MBA market turmoil
GGI’s Impact MBA Cholars program is aimed at young professionals looking for an MBA that wants to enhance their final application, as well as professionals looking to pivot their careers. They call it a pre-MBA, and for many of their representatives, it’s a ticket to pivot to their dream job.
The average cost of GGI before getting an MBA is about $ 350. The company’s founders believe it is interfering with the traditional Indian MBA, which costs more than 100 times that amount, and ultimately employment is not guaranteed.
“I’ll tell you some interesting facts,” says Sharma. Poets & Quants.. “There are more than 5,000 business schools in India, but only 5% of them can hire MBA school students. That’s a tragic reality.
“That is, there are business schools that have a degree, but MBA degrees are paying a lot of money for the name” MBA “from a deceptive student who thinks it’s a magic wand. We sincerely believe that these schools will really struggle not only for GGI, but for all the turmoil in the universe like us who are questioning the type of education given. .. “
Q & A with SHATAK SHISHARMA, Global Governance Initiative
Poets & Quants He connected with Sharma, learned more about GGI, and talked about why pre-MBA could be a disruptor of India’s higher business education.
I have read your essay on giving a presentation on incorporating digital reforms into the rooms of Indian government officials. You looked around and realized that you were the only person and the only woman under the age of 25. How did that experience shape the Global Governance Initiative?
I was 24 at the time, but I was very excited about developing public policy since I was young. The topics we touched on were very strategic in nature, but there were few topics on women’s empowerment. Unfortunately, I sometimes find myself the only one in the room that represents the class for which the policy is in place. Similarly, I was the only one in a room under the age of 30, but I also found that there was a policy on employment and skills development for young people.
My co-founder Naman Shrivastava and I wanted to do something about it. Therefore, the Global Governance Initiative started with a pre-MPP program. Over time, I realized that the problem was not limited to public policy representatives. The problem is actually in business positions where young people and women are not seated at the table.
What is GGI’s mission?
We like to think in terms of “real privilege” which basically means that you and people like me go to the best colleges, work in great organizations and eat in really great restaurants. But most people don’t get the chance to do so. In other words, 1% of people can experience 99% benefits. Therefore, our main mission in the Global Governance Initiative is to bridge that real privilege through our pre-MBA fellowship program.
Real-life privileges can exist for multiple reasons. For example, it could be due to gender, financial means, or the Indian caste system.
GGI is a social profitable venture. In other words, for us, the impact comes first, and the profit comes next. And that’s why we provide needs-based financial support. We are very proud to share that more than 55% of our cohort are women and more than 20% of our cohort receive needs-based financial support. Primarily, our purpose is to give more young people and more women seats at the table. Even if they can’t get a formal MBA or break the GMAT and GRE in the left brain, it’s a bit distorted in my view. I have tried 3 times to crack my GMAT.
Following page: GGI Pre-MBA Program Cost and Structure + Confuses Traditional MBA
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