Jaipur, December, 2019: Sunstone Eduversity (owned by Sunstone Education Tech. Pvt. Ltd.) an edtech startup announced today that it has partnered with JECRC University to offer industry-ready MBA programs under Pay after Placement model. The company started operations in Jaipur in response to a huge inbound demand from students based out of Rajasthan. Jaipur, being the heart of the state, caters to the overall Rajasthan market and the company is on target to on-board 120 students in 2020.

Founded by IMT-Ghaziabad alumnus Ashish Munjal and Piyush Nangru, Sunstone offers India’s only Pay-after-Placement management degree program 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 is 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 equal to the annual gross salary. Owing to this unique model, Sunstone has already received an overwhelming response from the students; in 2019 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.

On this occasion Arpit Agrawal, Vice Chairman of JECRC University said,“At JECRC University, our goals are aligned with Sunstone to develop the students to be industry-ready. All our efforts are made in a direction to improve student quality. As a university of this stature, we wanted to partner with them to inculcate this behaviour in all students who get associated with JECRC University.”

Piyush Nangru, Co-Founder & COO, Sunstone Eduversity said, “Sunstone Eduversity has a unique model that would completely disrupt the current management education space. Tie-ups with renowned institutes like JECRC University, Jaipur, will provide world-class infrastructure to our students and they will greatly benefit from the vibrant campus atmosphere.”