How Harvard Business School Helped Me - Jay Kotak

Watch the full episode - • Ep #5 | EdTech What’s ...
Listen to the full episode on Spotify - open.spotify.com/episode/68jS...
Listen to the full episode on Apple Podcasts - podcasts.apple.com/in/podcast...
Nikhil Kamath - Co-founder of Zerodha, True Beacon and Gruhas
Follow Nikhil here:-
Twitter / nikhilkamathcio
Instagram / nikhilkamathcio
Facebook / nikhilkamathcio
Linkedin
Koo www.kooapp.com/profile/Nikhil...
#nikhilkamath #WTFiswithNikhilKamath #edtech

[@rgg1642]

If you carefully check out how many "normal people" actually got to the HBS of the world, you'll find its very few. The majority come from tremendously privileged families who ofcourse are serious students. Your family and wealth determines your entry to HBS.

[@rushikeshdeshpande8809]

Yes what they do is select people from diverse careers most of which are out of reach for normal person. E.g. Mountaineering coach for Everest.. for which even equipment is not affordable for common people

[@princeofheaven19]

Or your profile is truly exceptional

[@rushipatel8908]

he is a fucking rich guy,engaged with aditi arya

[@urbaneindiana3089]

Indian education has reservation for lower class people. US education has reservation for people who fight for reservations for lower class people in India.

[@mohdhashir1520]

Not only Harvard but every good opportunity in India too

[@ShreyasRamesh28]

Harvard - family business Stanford - Entrepreneurship Wharton - Finance and Consulting (input from a Wharton MBA)

[@jibu3202]

Bro can u please explain

[@stillakzo]

Not necessarily. There are tremendous amount of HBS guys that go into finance (IB, PE and HF)

[@djankovski]

Except the Unacademy founder, I felt the rest of the panel was just being very agreeable to Jay Kotak. Maybe they don't want to piss him off because of who he is. People will have huge loans to pay after they complete their Harvard MBA. The only option for them is to get a high paying job.

[@Kathakathan11]

Kotak is huge, most doesn’t even know how big their wealth and influence is. 😢

[@vipulchandrajha8533]

I agree!

[@notsocoolguy16]

Yea Lol Gaurav works in the field of education kinda ironic to school him on the matter LoL

[@fasttwitch1723]

Jay is what HBS is all about : beating round the bush 😂

[@bhawnapareek5068]

Underrated 😂

[@lazyleopard584]

People shitting on Gaurav while he's the one talking most sense here. You don't need a 100k mba to become an entrepreneur, or anything related to entrepreneurship at all. If you check the bilionaires list today rarely few hold an MBA and even amongst those who hold one, most would be in finance. (Irony is there are 4 people sitting on the table, out of these, 3 don't have an MBA and one does, the one who did an MBA works in finance and the 3 who didn't are "entrepreneurs" lol) You go to these B-schools to eventually end up in finance (like Gaurav said), or tech/consulting (like Uday said) or sales and climb the ladder to eventually become partner (if finance) or an exec in F500 companies. There's nothing "entrepreneurial" about those job profiles. This is how majority of B-school cohort is gonna end up with, and in indian cohort which goes abroad, I'd say it would be even higher %. There are also other jobs like corp dev / corp fin and climate tech which some people take. Some people do take entrepreneurship but most people DO NOT become entrepreneurs, that's my point. Now going to B-school does have its perk as an entrepreneur, mainly the network. You get easy access to VCs, potential cofounders or even joing some else's startup. But you can literally do all that if you don't go to a B-school, you'd just have to hustle more. Otoh you are trading off 2 years for a degree which could've been used to grow your startup, so its a trade off to think about Bottom line is, if you really want to be an entrepreneur B-school is just a good "step" which can easily be skipped. Otoh, no matter how good B-school you might get into its no guarantee that you'll be a better entrepreneur than one who didn't do an MBA. Best entrepreneurial experience that you can get is by actually being an entrepreneur, these case studies are good exercises and thought provoking but nothing like an actual "case" that your startup might be struggling with, solve that and that is the best learning experince. I'm no way shitting on B-schools or an MBA but people who do an MBA try to glorify it like no other. Its amazing and can be worth it if you want to leapfrog career ladders and have a brilliant network but its not a big deal if you don't get one as long as you hustle and keep learning. I know guys who rejected HSW because they were already doing great at their jobs and I've seen entrepreneurs who have made it big while these top MBA grads struggle, it all depends on the individual.

[@thomasavp1]

U nailed it

[@kunalprasad9675]

I learnet more from this comment than the podcast

[@increasingsun]

Bohot time hai Miya tere paas. Wah gajab Bhai gajab..

[@yuvromu]

Jay is what a proper SoBo Aur South Delhi elite kid is. Unacademy guy is more in touch with reality of India. No problem with with both but jay was not able to justify HBS and its benefits apart from diversity and what a child artist who has grown up would say about Disney case study. Great fun listening to elites and new generation entrepreneurs who would decided India’s policy in 10-20 yrs from now.

[@magicsaint]

He was merely differentiating between a normal college vs HBS. So how do you expect him to give you a generic answer in relation to India? If a child actor from Disney is giving her perspective in HBS or unacademy, case study itself is interesting in itself. He was merely speaking about the diversity of knowledge and perspective that one can get at HBS.

[@namanbhayani1016]

Jay wasn't able to justify why it's good to be in HBS if the ultimate goal is Entrepreneurship, as noted by other panelists, they ddnt go to HBS but are successful entrepreneurs. All in all, I feel, HBS is for privileged folks who have their life sorted out and looking to have more networks and connections.

[@Kathakathan11]

Network is crucial here, it’s like davos but for kids

[@KrishMunot]

He comes from a wealthy influential family so it's easy for him to get an admission in HBS

[@ANONYMOUSTHUG]

I beg to differ but Unacademy is not a definition of successful entrepreneurship !!!

[@utsavasharma198]

Did Ronnie Screwvala do anything in this interview apart from shitting on Gaurav?

[@studyAt6]

😂😂😂😂😂 true. he's a terrible listener.

[@VarunKumar-fn4fm]

No

[@Akshay-np9db]

80 %of Harvard students are legacy or family made a donation types..would b very interesting to know jay s application process

[@ali19231]

business school is not. you are talking about Harvard College.

[@harishacharya8403]

Hi Nikhil, Its been a pleasure following these episodes. I like everything in these episodes. the structure, the guests, the thought provoking topics, the ideas, the debates , the right to disagree, the simplicity, the duration and yes the anchor. I can't sit through more than 3-5 mts of debates on the tv channels but this is a completely different ball game and am enjoying it. This was much needed in our ecosystem. Hope this run continues for ever and this becomes a mainstream platform for people to exchange ideas. This reminds me a lot about the debates in the past where there was complete respect for each other's ideas but people did not shy away from fighting each others point of view.

[@fallen1s]

I think gaurav is right every institute has a single purpose to develop the ability of thinking but every institute today is just a stepping stone for a better job. A better job basically gives one a better lifestyle. Maybe HBS is able to create that environment to promote thinking that's cool but essentially it might have a little better percentage than the global average for any premium institute whether IIT OR IIM for creating job creators rather than job seekers. But largely HBS too is a way for people to become a high-level executives at some place rather than being entrepreneurial.

[@rakshay-jain]

So you're saying people spend $150k in tuition plus other expenses and their purpose isn't to land a high paying job??

[@mahtabsoin7239]

For anyone not a "wealthy" or "legacy" applicant, don't discount the admissions committee's way of selecting based on pre-decided numbers of every demographic and background. On one hand, it lends well (in theory) to the case model. On the other hand, it also means that admissions are not merit based. Just like any other business school, HBS is a prestigious talent pool for potential recruiters. The signalling value is why people go to HBS and spend a bomb to do so (unless of course, you score one of the many identity politics based scholarships).

[@AyushAgrawalFollowHeart]

I like how harvard is equated to a good catalyst at the end. I think every organisation and university could aspire to be this idea of a catalyst.

[@mp6674]

Junior kotak showed what harward did to him as nithin was pretty straightforward and jr kotak was over diplomatic.. Moreover jr kotak look like he went to HBS without any specific objective.. What a waste

[@bharath.s737]

From these podcasts, one can gain knowledge through these simple conversations. Thanks to Nikhil😃👍

[@shivamagarwal9]

Harvard picks students who are already doing well. They take cream crowd from diverse fields and adds up their name and sells their name to the world.

[@sciencefellows777]

Helpfull and affordable to hear! Thanks Nikhil!

[@AyushAgrawalFollowHeart]

I was just hearing my Dad complain about my work to my mom. And watching this video made me feel. It’s just okay man! No need to worry. I should stay on my own path and not be worried of my father’s expectations. Coz at the end, it would all seem noise. And what would really count is how good of a person I have been on my way to achieve material growth.

[@pratyushsingh9507]

well said brother!

[@hiteshgujarathi4636]

Why you would put someone else's experience above your parents? It's ok to have expectations burden from parents. The only thing your should care about giving best to your parents rather than ignoring them because of you have seen this video. You don't belong to kotak family.

[@Paaaaaaaaaaal]

More than Harvard, daddy's money helped him, even to marry a forner miss india.

[@mayankimt]

This guy would struggle to get 95pc in CAT but thanks to Dad he goes HBS.

[@ambientsounders]

How do you know that ? Plenty of rich kids don't get into harvard . He did his undergrad from columbia by the way

[@satishsubramaniam9932]

@@ambientsounders Because his father is Rich influential and already paved the way for him in leadership roles which changes the game all together imagine being the son on Uday Kotak the wealth of connections he already has, the kind of opportunities he/she is exposed is Unparallel, To answer your argument it's not about Harvard, it about having those opportunities to get into at least one of the Ivy league colleges for sure! You cant disagree 99% luck Destiny served everything to him and maybe 1% he worked hard (Which will not be the case for me and you)

[@rakshay-jain]

​@@satishsubramaniam9932whatever bro that's how the world works. There's millions/billions of kids who have it worse than you so there are inequalities everywhere

[@SandipanSarkarchannel]

I went to Harvard because my dad is a billionaire and he could bribe to get me in through the gates 😅

[@thejaskn8771]

Dude who are you exactly?

[@RanchKings]

@@thejaskn8771I think he may be joking about the guy in the video but I’m not sure

[@thevishnuks]

bribe

[@RanchKings]

@@AKASHKUMAR-bu6qk oh wow i didnt know

[@rohitdangwal6110]

Management Quota/Bribe/gifting a building to already super rich institution. Same way he bribed to get his chick inside Yale 😂😂

[@srinathrangaswamy7922]

Good points. What Jay said is absolutely correct. I studied at AIM (Asian Institute of Mgmt) floated by HBS in the 60s. 90% of my case studies came fm HBS and its only case study methodology! Very interesting but extremely rigorous too! :) If one is a true MBA fm a good school, entrepreneurship runs in the blood naturally... :)

[@achiranshugarg3164]

Nikhil, you are building an interesting gold mine. I think we Indians need such perspectives, in fact it exposes ‘holier than thou’ entrepreneurs.

[@dhavalmodi265]

Thanks bhai for making such videos❤

[@ChatGPTofficialbot]

The truth is that everyone's life is strictly designed on the basis of their family backgrounds.

[@wghost1]

The only thing academic education can do to add personal benefit to a learner is widen his vision on what he wants to do for himself.

[@kiranvrao9714]

Thank you

[@sh21147]

All the participants except the unacademy founder were supporting Jay Kotak since he is from a billionaire family. His perspective was wrong regarding HBS. He got entry there based on his family and he didn't have the insecurity of finances. The debates should be more professional and not biased

[@lawyerquarantine3002]

Jay is 100% right!

[@niks1773]

Great content

[@mdsohailhaque8513]

I used to enjoy your show ,later I realised it has become a KZbin version of coffee with karan

[@ankittaneja2493]

IIM ABC are no different. Maybe similar for other IIMs and top tier colleges in India.

[@gv9vj799]

Ivy league students are from a successful mid level entrepreneurs, family heirs, well paid staff who come seeking "Knowledge " not jobs and therein lies the success of a ivy league education. . Good clip Nikhil...

[@amanullahkagzi3690]

and Jay kotak harvard expiration

[@jagatdave]

HBS is a nodal point of rich people where they teach kids of rich people about how to keep the wealth intact...and yes...how to not pay taxes

[@vipulchandrajha8533]

'You are 10 years behind' - That's wong. Gaurav is actually right. If I,coming from a middle class family apply to HBS, I would automatically look for high paying jobs, like what Gaurav mentioned, in VC, Consulting, PE, etc. Why? Huge loans, atleast 1.5-1.8 crore. And no jobs in India at the entry level pay you 30-40 LPA to save for Harvard. That's why, I would prefer reappear for CAT than going global for my MBA. Jay & Upgrad founders are living in some bubble. This is annoying!

[@travelongshivangi3579]

3:21 is correct

[@kenamreemas3295]

I dont think harvard guy was able to complete his statement. 😅

[@TheBhumbak]

Open up nuclear for private Govt handle security and insurance Insentivise innovation Economy of scale for Small Thorium Hold talk with NGO fighting against nuclear use them to monitor security These NGO should be only be able hold meetings govt or qualified scientists community With local only to take feedback Don't allow them to instigate population against nuclear

[@pochftw]

If you are so smart and financially well placed then why would you pay 250k to learn how to be a "business leader" or a "well rounded person"? You should be able to just figure it out. Getting the privileged to admit to their privilege is harder than turning water into wine.

[@rishabhhariyani9132]

Upload the full episode it’s very interesting. Thanks

[@NikhilKamathClips]

Link to the full episode - kzbin.info/www/bejne/ZmLUl6uCjpelnrM

[@rushipatel8908]

@@NikhilKamathClips he is coming from the rich family,why inviting him at podcast

[@abhaysinghzone]

@@rushipatel8908 Rich people also do hardwork. Why not invite them if they are worth it

[@rushipatel8908]

@@abhaysinghzone not so as his father, I wanted to go to Stanford, but I'm not that much privileged, to get directly get admitted, middle class and lower class always have to struggle for years, do t forget that,I'm also the same

[@rushipatel8908]

@@abhaysinghzone she got a miss Femina girl without any struggle by him ,there is a lot of gap between middle class to billionaire class

[@vinaykrishna84]

I like your blue shirt . It’s just a compliment. I am not hitting on you . I am straight 😅

[@chaitanyavelamala7268]

1:04 She had a different perspective to share 1:12 My mind : what were you adding to them

[@amanullahkagzi3690]

more clips with Jay kotak

[@informativepills9398]

Sir this conversation gave me prove and answered and supported many of my questions And gave new topic to analyse and think Plz Bring many of them Thanku

[@vikeng21]

The mindset should not be how to get a job it should be how do you create jobs. That mindset is missing in everyone on that table other than Nikhil. Going to Harvard with how to get a job mentality does not make any sense at all.

[@rakeshraj4938]

Became a fan of Gaurav after this show. Please choose your guests wisely for the show. Some are irrelevant and not adding value to the topic. Inviting your friends is great but please don't go tangent to the topic. Also focus more on Indian system and don't compare US. Stick to the topic pls.

[@AmirthaRaman]

Education pronounced as eh·juh·kay·shn Diverse pronounced as dai.vurs Just saying 😮

[@robinjohn5405]

This kotak guy was not able to answer on how he got it and what he actually benefitted from HBS! coming from a HBS guy!

[@jaypatel9657]

Male version of papa ki pari ..

[@learnansysbyprashantprojec7820]

😂

[@pawanshetty6502]

this gaurav guy, can think of everything leading to one thing - a job; no wonder unacademy is struggling

[@jagatdave]

God bless unacademy founder...one day his students will beat harvard students....and guess what. .hard work has already defeated harvard in 2014 elections

[@bibinmjose]

I don't think these are things accessible from middle class backgrounds

[@aritrabhattacharya1530]

no offense .. wat is his graduation achievement..any competetive exams no na.. no iss

[@sarthakshah8558]

Great to see someone struggle to justify why people go to harvard LOL

[@zeus3086]

Why does JK wear a mustache? Looks weird

[@Marcus-ve7ng]

😂😂forget his moustache. Dude still got a Miss India as his fiance.

[@Sujaljaina]

​@@Marcus-ve7ng more like daddy girlfriend

[@princeofheaven19]

​@@Marcus-ve7ngif I had so much money I would have had a miss universe as a gf

[@devagarwal3250]

@@Marcus-ve7ng bhai na sahi khel liya

[@jewslikefunk]

Guy has got a porn-stache, self entitlement and a silver spoon. This guy hasn’t had to put efforts in his life for anything he’s done. And I’m not shitting on him for his privilege, he’s blessed but I’m shitting on him for being daft and unaware of his privilege unlike most others. Even Ronnie S and Kamath defended him bc they’ll somebody need Kotak do a round of financing. Very smart and shrewd on their part but I would’ve loved to see some real talk displayed here which only Gaurav showed.

[@metalacousticfusion]

Marli coat wale bande ki

[@dishant_pawar]

His listening skill is poor! He still didn't answered nikhil question.

[@PSridhara]

chalo abb uneducated person bhi gyaan dene lagg gaye.

[@debarshiraj9025]

Ninety nine

[@nakulkanchan7313]

Inviting a ridiculously privileged person on the pod is a big resounding L.

[@RH-lb7rd]

Jay is so boring 😴

[@abcde469]

O my nikhil my son Trust Health Mind politics 😔 World politics 😢 This is what u think ....bro and u act like a legend who knows everything abe sun gandu overacting mat kar jada... Oversmart mat ban ❤️🌞 tu noob h jitna smart banne ki koshish karra na tu utna aaj k time ek 5 saal ka baccha b bta dega ...kiske dimag me kya hai

[@apantime2485]

Bhai itna hate nikhil Kai liya kyu bhai koi personal issues hai kya?😂

[@abcde469]

@@apantime2485 he is intelligent but he act like a smart wolf I don't know why ...even puneet is ruling India a mujra dancer of tik tok... esko ye ni pata sab kuch pata chl jata h aaj k time kiske dimag m kya h 😭😔

[@09paraggawali66]

And who helped you to use engine in ♟️