Interviewing Mr. Mayank Srivastava
Here are excerpts of an interview with Mr.Mayank Srivastava, who is the founder of Experts’ Global, one of the leading EdTech firms and specializing in GMAT online preparation and MBA admission consulting.
Interviewing Mr. Mayank Srivastava
Q. What inspired you to return to India after the Boston University MBA?
A. My plan had always been returning to India. I had started Experts’ Global as an online GMAT prep and MBA Admissions consulting firm even before I started my MBA. Thus, while I focused on the learning of the MBA, I nevermade my resume. Instead, I used the time spent by my peers in employment planning and internships to furtherdevelop and grow Experts’ Global. I wanted to prepare a solid foundation for my firm before my return to India. God hasbeen kind, the plan worked out well.
Q. But wasn’t there a temptation to stay back and get the due ROI on a US MBA?
A. I pursued my MBA from Boston University with 100% scholarship. Moreover, by the time I graduated, Experts’ Globalwas up and profitable. Hence, I completed my MBA debt-free and with savings to give my firm the boost that it needed.Honestly, I was more impelled to return to India and grow my venture than by the paycheck and I was also getting goodresults with Experts’ Global.
Q. What was your inspiration behind starting Experts’ Global?
A. I wanted to solve a problem. While I was preparing for my GMAT and preparing the MBA applications, I recognized asignificant lack in available resources, for both GMAT prep and guidance and MBA admissions consulting. As I hadenjoyed the process, I realized that I could help similarly motivated students. Moreover, a significant part of myprofessional years included training, and thus, the dots were connected.
Q. Why EdTech?
A. EdTech allows me to reach the perfect amalgam of my skills and my interest. I have a bachelor’s degree in engineeringthat has given me a strong grounding in technology. Furthermore, my work experience together with a natural bent foranalytical matter gave me a solid academic bent. I have always believed that education is the most potent source ofgrowth and excellence. Besides, I have been always interested in the idea of enterprisingand building an organization.However, when I started Experts’ Global, EdTech was only in the nascent stage and the term was also not evenrecognized as such, but I could see potential in employing technology to impart stellar education.
Q. Tell us a bit about the success achieved by Experts’ Global since its inception.
A. Experts’ Global started in 2008 as a one-person company. But since then, the firm has grown with a robust team ofhighly efficient and experienced professionals who are passionate about mentoring. Every year, the GMAT program isused by over 1000s of GMAT applicants and the admission consulting service is accessed by students from over 10countries. Statistically speaking, since 2014, every 10thIndian in the US top 50 b-schools hasbeen our admissionconsulting student..
Q. How is the GMAT online preparation course by Experts’ Global different from other EdTech companies?
A. It is different because it is factually the most complete, comprehensive GMAT prep program delivered at thelowestfee. This package includes over 100 concept videos, 4000 practice questions, 15 full-length practice tests, 200 shortvideos for revising important concepts, some great software features, and exhaustive analytics. It even includes an AI-based software that reads a student’s performance to identify his/her’s specific weaknesses and provides personalizedsuggestions to improve upon the same.
Q. That’s interesting. Why have you priced such a powerful tool so low?
A. I want to make this tool availableto a larger spectrum of GMAT aspirants and make it the undisputed default GMATprep tool. I believe a well-structured prep program, complete with exhaustive resources of the top-quality, delivered atan affordable rate will help a larger number of GMAT aspirants. Rather than having a small fraction of test-takers use the software at a high price, I will be much happier to see all students use it at a low price. With such scale, the low pricewould be fair.
Q. What are the next plans for Experts’ Global?
A. We want to penetrate the GMAT prep market deeper and wider, globally. In admissions consulting, we will continuewith our boutique consulting approach, taking in a pre-decided, limited number of students, each year, whilemaintaining close to 100% results.
Mayank Srivastava’s complete journey with establishing and growing Experts’ Global can found on the following page-Mayank Srivastava-Founder’s Message.
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