Indian Business Podcast Is MBA really worth it? Ivy League secrets, Family Business and Bschool Economics : Pratham Mittal
Jun 7, 2025
In this engaging discussion, Pratham Mittal, a visionary behind Masters' Union and a third-generation entrepreneur, dives into transformative business education in India. He emphasizes the urgent need for educational reform to boost economic growth, discussing innovative approaches that prioritize practical training. Pratham shares his family's entrepreneurial legacy, the impact of AI on education, and the essentiality of diversity in learning environments. He also addresses the challenges of faculty compensation and the importance of aligning education with market needs to prepare future leaders.
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Attributes Driving Business Success
- Key attributes of Pratham's grandfather include strategic thinking, frugality, and treating his team like family.
- These values created loyalty and longevity within the business, leading to its success.
Why India Lacks Top Universities
- India lacks top 10 ranked universities mainly because most are government-run, limiting innovation and agility.
- Private, not-for-profit universities have more freedom and opportunity to compete globally.
Faculty Shortage Limits Education
- India produces very few quality PhDs relative to its student population, resulting in high student-to-teacher ratios that undermine education quality.
- Many teachers teach only occasionally, worsening the shortage and affecting outcomes.
