Why This Woman Created An MBA-Like Program Solely For Female Students
India consistently has one of the world’s lowest labor participation rates for women. Ready to change the narrative, one woman decided to take matters into her own hands.
Cofounded by Anuradha Das Mathur, The Vedica Scholars Programme for Women is an 18-month residential alternative to a traditional MBA program based in New Delhi solely for women. It is backed by a governing council that includes former U.S. Secretary of State Madeleine Albright and McKinsey & Company director emeritus Joanna Barsh.
Interestingly, Mathur’s cofounder is Pramath Raj Sinha, a former McKinsey partner and founding dean of ISB, a top business school as ranked by the FT.
ISB’s illustrious governing board reads like the who’s-who of global business and wealth: the Reliance Group’s Anil Ambani, Dell’s Michael Dell, Arcelor-Mittal’s Lakshmi Mittal, Khosla Ventures’ Vinod Khosla, among others. But of the 72 member governing board at ISB, only five are women.
The traditional route isn’t working
“It was clear that traditional management schools are not making the path for women any easier,” says Mathur. She likens the scenario to a game of golf in which all players are handed right-handed clubs, leaving the left handed players with a disadvantageous start.
“The education system doesn’t prepare women by not acknowledging that the working world is different, they’re not equipping them,” Mathur says.
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