In India no.1 portal for B-School aspirants is www.pagalguy.com , It brings the unique platform for B-School and the aspirants too. But it missed this huge business opportunity of tapping the B-School Competition Market.
Thus it made the way for the new venture www.dare2compete.com which grabbed the opportunity from both hands. D2C started in 2009 and became a big hit in B-School community in very short span of time.
There are more than 1000 B Schools in India. Most of these B Schools conducts their Annual B-School Event, which constitutes no of competitions to be won. But the Money on Offer is also very lucrative for the students. The best part of the story is that it’s a multimillion $ industry in itself.
A glimpse of the B-School Competitions Market—
Let’s take only top 50 B-school Competitions in the country –
On Average the Prize money
1. 6 IIM’s- More than 12 Lacs each ( Easily) à Total comes approx 72 LACS+
2. Next Top 10 (Fms, IMT, MDI,XLRI, SJMSOM,NMIMS,SIBM,SCMHRD Etc.)- 8 Lacs Each 3. Next 20 Colleges- Approx 5 Lacs Each
Total Comes Approx- 72+ 80+100= 252 Lacs+
These are some of the approximated values of the competition prizes at stake. So one can imagine the opportunity offered to the students in these competitions. Apart from these monetary benefits the B-School Competitions offer lot of experience to the students, some of the key benefits from these competitions are-
1. Exposure to the students of other B-School in the country
2. Exposure to the real world business problem
3. Excellent Networking
4. Lucrative Prizes
5. Awesome opportunity for budding entrepreneurs to test their business model in Bplan competitions.
6. Brings value to the CV that helps in Placements
The Season kicks off in style from July itself. But the big one’s start with SJMSOM-Avenues in October, then the November- January is the prime period for these completions.
Most of the IIMS conduct their event @ this time itself (Ex. IIMA’ Confluence in Nov, NITIE-LAKSHYA, SCMHRD- NEEV, ISB-Metamorphosis).
The season ends on high note with the events of SYMBIOSIS Colleges in Feb- March ( SIBM- Transcend, SIMS- ORION).
These Competitions form a key role in the learning opportunities for B-School Graduates. All the Graduates must utilize these opportunities to the best of their ability and make the most out of it. Because After 2 years of your MBA you won’t get these opportunities of learning and fun again..:)
