logo
They paid Rs 50 lakh for MBA, tech degrees but only 'polished skill' is PPT: Entrepreneur after hiring 3 students

They paid Rs 50 lakh for MBA, tech degrees but only 'polished skill' is PPT: Entrepreneur after hiring 3 students

Time of India2 days ago
When Sanket S, founder of Scandolous Foods, decided to hire
fresh graduates
from some of India's most prestigious private colleges, he expected talent that could keep up with the demands of his growing startup. Instead, what he found was disheartening. In a viral LinkedIn post, Sanket shared how hiring three students—an MBA graduate, a hotel management student, and a tech degree holder—left him more concerned than optimistic.
'These kids paid ₹40–50 lakh for degrees from India's top private MBA, food, and hospitality colleges,' Sanket wrote. 'But they walked out knowing… nothing that actually matters.'
What was meant to be an onboarding of future industry shapers quickly turned into a revelation about the stark mismatch between academic credentials and
workplace readiness
.
The Only 'Polished Skill'? Making PowerPoint Slides
Sanket explained that the MBA graduate couldn't grasp basic financial concepts like profit and loss or cash flow. The hotel management student had never been inside a food processing facility. Even basic knowledge about precision fermentation—vital in a food-tech startup—was missing.
'All of them are brilliant at making PPTs. That too, stuff Gemini or ChatGPT can do in seconds now,' he added, expressing how automation had surpassed the one skill they came equipped with.
You Might Also Like:
Hotmail cofounder Sabeer Bhatia blasts Indian education system: 'We are producing an army of useless kids'
A Broken Pipeline, Not a Broken Batch
The reaction to Sanket's post underscored a wider problem—India's education system, not its students, may be failing the
job market
. Netizens argued that graduates aren't inherently lacking, but are products of outdated curricula that prioritise rote learning over real-world application.
One user called the system 'a bottleneck,' especially in emerging sectors like food tech and biotech, where theory-heavy teaching leaves students unprepared for practical challenges. Another pointed out the mismatch in expectations, noting, 'Most of these graduates are fit for Fortune 1000 companies, not startups that demand flexibility and critical thinking.'
Several commenters also criticised how both schools and colleges suppress creativity and curiosity in favour of memorisation. 'There's little focus on inventions, discoveries or deep research,' one said, while another called for a bottom-up overhaul through a robust
STEAM education
strategy.
The consensus is clear: India may be producing degrees, not doers. Unless systemic reforms take place, young professionals will continue entering the workforce ill-equipped—not because they lack talent, but because they were never trained to apply it where it matters.
You Might Also Like:
Choosing Computer Science in college? Nobel Laureate Geoffrey Hinton has a stark warning for aspiring coders
Startups Want Builders, Not Bookworms
For startups, the gap between a glowing résumé and on-ground ability comes at a cost. Founders who are trying to build cutting-edge ventures in medtech, biotech, and climate tech need team members who can hit the ground running—not those who need to be trained from scratch.
'Train them from scratch, then I'm not running a company, I'm running a classroom,' Sanket wrote, highlighting the dilemma founders face—whether to invest time in training underprepared local talent or look abroad, betraying their 'Make in India' dreams.
A Call for Urgent Reform
The post has also reignited the conversation around STEAM (Science, Technology, Engineering, Arts, Mathematics) education and the need to shift from outdated curricula to skills that matter in the modern world. One commenter emphasized that unless India builds a bottom-up education strategy rooted in innovation, 'we will lose the global innovation competition.'
Sanket ended his post with a strong cautionary note: 'At this rate, we're not just 10 years behind—we're raising a generation that doesn't even know what the world looks like today.'
You Might Also Like:
Schools and universities to go obsolete? Godfather of AI, Greoffrey Hinton says 'we won't need them'
As the debate rages on, one thing is clear—India's talent pipeline might need more than a polish. It needs a full-scale reboot.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India-US trade deal: Rahul Gandhi reacts to Piyush Goyal's 'national interest' remark; claims PM Modi to 'meekly bow' before Trump
India-US trade deal: Rahul Gandhi reacts to Piyush Goyal's 'national interest' remark; claims PM Modi to 'meekly bow' before Trump

Time of India

time31 minutes ago

  • Time of India

India-US trade deal: Rahul Gandhi reacts to Piyush Goyal's 'national interest' remark; claims PM Modi to 'meekly bow' before Trump

Congress leader Rahul Gandhi NEW DELHI: Congress leader Rahul Gandhi on Saturday claimed that Prime Minister Narendra Modi would "meekly bow" to US President Donald Trump , as New Delhi weighs its interests amid ongoing trade talks with Washington. Gandhi's remark was a reaction to Commerce and Industry minister Piyush Goyal 's statement, where he said: "We are not working towards any specific deadlines, we are working towards national interest". Trump has set July 9 as the deadline for trade agreements. "Piyush Goyal can beat his chest all he wants, mark my words, Modi will meekly bow to the Trump tariff deadline," Gandhi wrote on X. The Congerss leader's post on X India will enter into a trade agreement with the US only if its interests are protected and it is able to sustain a tariff advantage over its competitors, while prioritising the interests of farmers, commerce and industry minister Piyush Goyal said Friday. Trump had imposed reciprocal tariffs on nearly 100 countries but agreed to a 90-day pause that is to end Tuesday. India was slapped with 26 per cent reciprocal tariffs. There is uncertainty over whether India and US can agree to an early tranche or a mini deal before that even as a comprehensive bilateral trade agreement is negotiated by Fall (Sept-Oct) after a meeting between Trump and PM Modi. For India, lowering tariffs on farm products, such as maize and soybean, as well as dairy products is a concern. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is your tinnitus getting worse? Do this immediately (Watch) Hearing Magazine Undo While Goyal did not get into the specifics, he said India will not compromise the interests of farm and dairy sectors. "Farmers' interest is always paramount for Modi government. In any negotiation we have done, you have seen UK, Australia, Mauritius, EFTA and UAE agreements, India's farmers have been protected." The government has refrained from offering concessions in major agricultural products, but for US, it is the main focus. While some government officials said US demands were not very clear, for India, Goyal said Indian expectations for duty concessions in labour-intensive sectors were the focus of the trade deal. India was hoping for duty concessions in leather, footwear, textiles and some auto parts in return for reducing levies on automobiles and American whiskey.

Ananth Tech set to launch India's first private satellite broadband service
Ananth Tech set to launch India's first private satellite broadband service

Business Standard

time33 minutes ago

  • Business Standard

Ananth Tech set to launch India's first private satellite broadband service

Ananth Tech gets IN-SPACe nod to launch ₹3,000-crore satellite broadband service by 2028, marking India's first private satcom rollout to rival Starlink, OneWeb, and Amazon Kuiper New Delhi In a significant development for India's space and telecommunications sectors, Hyderabad-based Ananth Technologies is set to become the first private Indian company to offer satellite communication (satcom) services using a domestically-built satellite, according to a report by The Economic Times. This marks a shift in the country's space ecosystem, positioning the firm to directly compete with international players such as Starlink (SpaceX), Eutelsat OneWeb, and Amazon's Project Kuiper. The Indian National Space Promotion and Authorisation Centre (IN-SPACe), the space regulator, has granted Ananth Technologies the go-ahead to roll out broadband-from-space services starting in 2028. The company plans to deploy a 4-tonne geostationary (GEO) communication satellite that will deliver a data capacity of up to 100 gigabits per second (Gbps) to users across the country. An initial investment of ₹3,000 crore has been committed to the venture, with scope for further funding depending on demand, the news report said. GEO vs LEO: The technical edge and trade-offs While many global players operate in low earth orbit (LEO) — typically 400 to 2,000 km from Earth — Ananth Technologies will deploy a satellite in geostationary orbit, over 35,000 km above the planet. LEO satellites, like those used by Starlink, Amazon, and OneWeb, complete an orbit every 1–2 hours, allowing for low-latency broadband. In contrast, GEO satellites orbit the Earth once every 24 hours, appearing stationary from the ground. While latency is higher in GEO systems, they offer broader territorial coverage — a single satellite can blanket the entire Indian subcontinent, unlike LEO constellations that require multiple satellites for complete coverage. Starlink inches closer to final approval This would place Starlink on par with other authorised providers such as Eutelsat OneWeb and Jio Satellite. In May, Starlink received the Global Mobile Personal Communication by Satellite (GMPCS) licence, making it the third satcom firm cleared to offer commercial services in the country. Vodafone Idea joins satellite race with AST SpaceMobile tie-up Last month, Vodafone Idea (Vi) announced a strategic alliance with US-based AST SpaceMobile to bring satellite phone services directly to standard smartphones in India. AST SpaceMobile is developing the world's first cellular broadband network operating entirely from space, targeting both commercial and government sectors. "Vi (Vodafone Idea) and AST SpaceMobile Inc. announced a strategic partnership to expand mobile connectivity across India's unconnected regions. AST SpaceMobile made history by placing the first-ever voice and video call from space using a standard mobile phone, a milestone that demonstrates the real-world viability of its advanced technology," Vodafone Idea said in a statement.

Jane Street fallout: Derivatives trading volumes may be hit
Jane Street fallout: Derivatives trading volumes may be hit

Economic Times

time37 minutes ago

  • Economic Times

Jane Street fallout: Derivatives trading volumes may be hit

The derivatives market could take a major hit in trading volumes after the Securities and Exchange Board of India (Sebi) cracked down on Jane Street Capital, halting its operations in Mumbai and impounding more than half a billion dollars of local assets. ADVERTISEMENT Analysts said the regulatory action would put pressure on revenue for intermediaries dependent on derivative market activity, with volumes shrinking in response to Sebi's stiff punitive measures against one of the biggest proprietary trading firms in the segment. "Jane Street is one of the largest traders contributing to Indian markets," said Siddarth Bhamre, head of institutional research, Asit C Mehta. "When big players are banned for wrongdoing, others become cautious and reduce activity, leading to lower volumes. Traders may also face fewer counterparties, potentially causing a further drop in F&O volumes ahead." The capital market regulator has taken its toughest action ever against a foreign trading firm by targeting Jane Street, one of the world's largest quant trading firms that's also among the highest paymasters at India's top technology campuses. Highlighting the broader market implications, Zerodha Founder and CEO Nithin Kamath cautioned that action against proprietary trading firms like Jane Street, which contribute nearly half of the options trading volumes, could also dampen retail participation. "There's a flip side. Prop trading firms like Jane Street account for almost 50% of options trading volumes. If they pull back which looks likely it could also impact retail activity, which makes up about 35%. This could spell bad news for both exchanges and brokers," Kamath wrote on X. ADVERTISEMENT He added that the coming days would be crucial in gauging the fallout. "The next few days will be telling. F&O volumes might show just how dependent we are on these prop giants. I'll share more data as and when anything interesting comes up," Kamath wrote on the social media platform. ADVERTISEMENT In the wake of the Sebi order, shares of Nuvama Wealth Management, capital market service provider Central Depository Services and stock exchange BSE slumped following the regulator's Wealth shares fell the most, dropping 10.6% as the firm is Jane Street's domestic trading partner, which got caught up in the regulatory crossfire, triggering investor anxiety despite no direct accusations against the firm. Along with Nuvama Wealth, shares of BSE fell 6.4%, while CDSL plunged 2%. ADVERTISEMENT In a strongly worded 105-page interim order, Sebi accused Jane Street and its associated entities of using complex high-frequency trading strategies to manipulate the Nifty 50 and Bank Nifty Indices. The regulator also said these tactics misled retail options traders and gave Jane Street an edge in India's booming derivatives interim order alleged that Jane Street earned unlawful profits of ₹4,843 crore ($570 million). Jane Street runs its operations in India through four group entities-two based locally and two located in Hong Kong and Singapore, respectively. The firm established its first Indian unit in December 2020, while the other two Asian entities participate in Indian markets as registered foreign investors. (You can now subscribe to our ETMarkets WhatsApp channel)

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store