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Thanks to the generosity of its alumnus Chirag Patel, the New Jersey City University launched a scholarship program, called The Patel Scholars Program, last week supporting MBA students from Ahmedabad, India, as also the United States in their educational endeavors at the four-year public university in Jersey City, New Jersey.
The scholarship program funded by Patel, a 1989 NJCU graduate in Business Administration, covers the full cost of tuition, from admission to graduation, for students 5 each from Ahmedabad and the U.S.
The Patel scholars will take part in a program designed to meet their unique needs and engage in cultural activities, internship opportunities and rigorous academic initiatives, on their way to earning an MBA degree.
The first batch of students, including 5 from Ahmedabad’s H. A. College of Commerce, and 5 from the U.S. started their classes last week.
While the U.S. students will study for two years for the degree, the students coming from India will have to pursue a 3-year course. The difference in course duration is because of issues relating to credit requirements and transfer of a portion of the credits of the Indian students from their home institutions depending on the NAAC criteria and assessment.
The Patel Scholars from India will take approximately 45 credits of pre-determined general business education studies, to address potential gaps in their general education requirements and knowledge base of the American economy and business climate.
Upon completion of the credit requirements, they will receive an undergraduate Bachelors degree (BA) from NJCU and then begin MBA studies. The Patel Scholars from the U.S. will begin matriculation toward MBA degree immediately, so long as they meet admissions requirements at NJCU.
“We are yet to make an official announcement about the Patel Scholars Program which will be done probably next month, but already there is a lot of excitement about this initiative both here and in India,” Daniel P. Elwell, vice president for university advancement, told Desi Talk.
He said the exciting program has been made possible due to the generosity of Patel and his wife both of whom are from Ahmedabad. “They undoubtedly very generous people to open their coffer for the benefit of the students, and Mr. Patel is very proud of his involvement with the NJCU,” he said.
Patel, who has a bachelor’s degree in business administration and accounting from Gujarat University and a master’s in the same subject from NJCU, is the co-CEO, chairman, and co-founder of Amneal, a Bridgewater-based pharmaceuticals company that he and his brother Chintu started in 2002. It is the nation’s 6th largest generic pharmaceutical company with revenues of more than $3 billion.
Coming to the U.S. as a young man from India, Patel never doubted that with hard work and imagination, he could be part of the American Dream. In 2011, the Patel brothers were named the Ernst & Young National Entrepreneur of the Year Life Sciences Award winners.
“Patel gives a lot of emphasis on the importance of proper education and believes that it can be the most crucial factor in builng the future of young people. Whne thse young people go back to India after finishing their studies, they would have a batter perspective about the world today and will be equipped with knowledge and skills to steer their way in the world of 21st century,” Elwell said.
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