Introduction
MBA in Sustainable Development and Management
Management education is at the crossroads where new products, solutions, and business models need to be reinvented periodically given the challenges being posed by industry and institutions, not only on the market side but also on the environmental and social front. As the economies are gearing up to prepare themselves to tackle these situations, the new School of Management Studies at Nalanda University has been envisaged to facilitate them with the new fleet of skilled and talented management professionals ready to discover a sustainable future for all. At Nalanda, we believe management education could play a pivotal role in environmental sustainability and social development thereby ensuring a cleaner, greener, and healthier societies and communities through innovative and inclusive business models.
The school aims at training upcoming managers and executives who would not only be sensitive to current trends of the market for sustainable growth but also innovate solutions to the multifarious global challenges of sustainability. On these lines, through our comprehensive interdisciplinary approach to knowledge generation and dissemination through interactive and non-conventional pedagogy aimed at experiential learning, solution-led thinking, and critical inquiry, the students/ executives would be trained as techno-managers.
Over the next few years, we strive to engage in multi-stakeholder partnerships with Universities, corporations, and institutions worldwide, especially to see that the school attains global leadership as a unique knowledge hub towards sustainable management and other emerging management paradigms.
Salient Features of MBA at Nalanda University:
Cross-cultural learning environment
Open for working executives with the option to exit after one year with a diploma Internships
Located in the foothill of Rajgir hills
Focus on interdisciplinary, solution-oriented approach to learning
Encourage critical thinking and sustainable behavior amongst the students
Experiential learning
Internationally acclaimed faculty from various Universities/ Institutes from abroad and India
Experience enrichment through industry visits, field visits, community engagement
Strong corporate interface through internships, mentorships, lectures, etc.
Industry-focused curriculum
Seminar courses on Business communication
Wide range of specialized electives based on Sustainable Development Goals to choose from
Digitally equipped
Career Opportunities:
Students at the School of Management Studies would have opportunities to work as sustainability practitioners, consultants, and managers in the industry with various roles in HR, marketing, Sustainability, finance, and CSR. The students may opt for higher education and research profiles in India and abroad
Studying MBA in Sustainable Development & Management: A Big Career Opportunity
On successful completion, students of MBA (SDSM) would have opportunities to work in different industries such as Oil & Gas, information technology, textile, cement, agribusiness, environment, and education. Some of the prospective departments/ domains where they could utilize their expertise are sustainability, environment, health and safety (EHS) department, CSR, energy consulting, sustainability consulting, sustainability reporting, and green marketing. Students can also opt for conventional profiles like marketing, finance, operations, IT, consulting. A few examples of the entry-level profiles for our students include:
Sustainability Managers/ consultants
Research analysts
Green Finance Managers
Financial Modelling Experts
Product/Brand Managers
CSR Managers
Project Managers
Business Associates
EHS Officers
Besides their demand in the industry, these professionals would also be trained to become social entrepreneurs and could also start their own enterprises (start-ups) in the upcoming fields related to business sustainability and ensure that they become job providers than becoming job seekers.
Students are required to complete 74 credits of course work (18 credits per semester and 2 credits for a summer internship). All the courses have in-class written exams (Midterm and Finals). For courses information please see the following link: https://nalandauniv.edu.in/courses/sms-courses/
Eligibility Criteria for MBA program
The requirements specified below are the minimum necessary for graduate admission to the University. https://nalandauniv.edu.in/admissions/eligibility-criteria/
(1) Students from any educational stream i.e Humanities/Sciences/ Engineering/ Management/Law etc. can apply for any of the programs at Nalanda University.(2) Self-Introduction/Bio-Note Statement (Not more than 250 words) (3) Statement of Purpose (SoP)
c. Why do you want to study at Nalanda University? (100 words)
d. The reasons for choosing the program (300 – 500 words)
(4) Proof of English proficiency is required for students coming from non-English speaking countries/medium:
TOEFL/IELTS or any other standard certification in English
The candidate having full-time degree-level course, entirely taught and assessed in English exempted from submitting any certification in English
(5) For Indian students, the minimum criteria is 55% or equivalent Grade Point Average(GPA) in Undergraduate Degree and a minimum score of 70 percentile in CAT or XAT or MAT is required.(6) For International students, a minimum credit score/GPA at the Undergraduate level to be 3.0/4.0 GPA or equivalent GPA or (7) 55% or equivalent Grade Point Average(GPA) in Undergraduate Degree with a relevant GMAT score
For Working Executives (for MBA program):
(8) Minimum 5 years of working experience(9) No Objection Certificate is required from employers for working executives/sponsored candidates/ candidates on sabbatical/candidates recommended by PSUs/GOI Departments.(10) CAT/XAT/MAT score will not be applicable to experienced/working executives.
Admission Process
5) Step1: Student need to fill online application form: https://online.nalandauniv.edu.in/app/6) Step 2: Based on the eligibility criteria, fully completed applications will be shortlisted 7) Step 3: Shortlisted candidates will be asked to appear for an interview over a Video call 8) Interviews for all the programs will start from 31st March 2021. 7) Step 4: Selected candidates will be informed through email
Fee for Masters’ program
3. Academic Related Fee (for two years): US$ 3422 (for MBA) and US$ 2066 (for MA and MSc. programs)|4. Residence and Meal Charges (2 yrs.): US$ 2152 to 2920
Scholarships
2. Students can apply for external funding/scholarships offered by the Government of India
e. ICCR Scholarship: http://a2ascholarships.iccr.gov.in (select Nalanda University as a first choice)
f. Study in India: https://www.studyinindia.gov.in/ (select Nalanda University as a first choice)
3. The University has limited scholarships for students from Developing Countries and Monks/Nuns students. To be considered for a scholarship, the student has to submit an online application and attend an online interview.
