Arya Kumar talks to Sangeeta Yadav about specialisation courses, promoting entrepreneurship and development programmes at lBSIM
What are the latest developments at lal Bahadur Shastri Institute of Management (lBSIM), DelhiIJ
This year, we’ve chalked out a ‘Vision 2020’ document for the institute to create competitive edge in the field of providing Management and Technology Education. The institute has set-up a business analytics lab in collaboration with IBM to provide hands-on skills to the students in big data analysis, be it descriptive, prescriptive and predictive. We have also fine-tuned its outreach programme to strengthen its interface with the industry so as to attract sought-after companies for placements and academic collaboration.
Tell us about the new coursesIJ
These have been introduced in the areas of E-commerce, data analysis, E-venture, information security and risk management and business intelligence and data mining. The students passing out of the institute can fetch far better profile for the placements along with jump in salary with highest package being Rs 21 lakh per annum and with a average package of around Rs 8.5 lakh per annum.
What is your USPIJ
The institute keeps experimenting and innovating in the field of imparting education that gives students the courage to face the unknown, commitment and persistence to achieve goals, values for pursuing excellence and an attitude of can do spirit.
The institute has extremely qualified faculty from reputed institutions like IIMs, IIT, Delhi University, JNU, BITS Pilani, etc. Their rich and diversified experience is the strength of the institute for continuously innovating in the areas of curriculum, design and development of new courses relevant to the corporate needs and pedagogy of teaching. We also maintain 14:1 student-teacher ratio.
What is the current ranking of lBSIM in IndiaIJ
As per the National Ranking Framework developed by Ministry of HRD, lBSIM stands 24th at all India level and is amongst top eight in the private sector. As per the prominent rankings by Outlook, Business Today, etc, the institute ranking stands between 25 to 30 at an all India level. We are a Member of Association of Advance Collegiate School of Business (AACSB) as well and are in an advance stage of its accreditation process.
Which management specialisation is in demand these days and whyIJ
The management specialisation in the areas of finance, e-commerce, entrepreneurship and business analytics, is in a greater demand because of the opportunities for growth. Specialisation provides a greater opportunity to the students to not only fetch higher packages but also plunge into a journey of job creators by becoming entrepreneurs rather than job seekers.
What was the purpose of launching lBS Risk Management CentreIJ
It was set up to develop international standards of excellence for risk management, promote multi-disciplinary research in risk management and to design and develop curricula in risk management area. This area provides great opportunities in field of banking, industry and investments.
Tell us more about the mentor-mentee programmeIJ
The programme was initiated to hand-hold and guide the students towards unleashing their talents in academics and other related areas and for their overall personality development.The programme has been designed to leverage the experience and expertise of the faculty to address, through one-to -one interaction the mentorship needs of students seeking professional and personal development. The goal is to provide mentorship in a broad set of areas including careers, entrepreneurship, academics, personality development, selection of electives and other areas of professional interest. The process is also helping students who are not been able to perform very well in academics by providing them due mentoring and counseling from time to time.
How is the lBS Entrepreneurial and Incubation Centre giving boost to the entrepreneurship sceneIJ
It is a student driven activity under the guidance of faculty. The students regularly convene multiple activities like workshops in the area of entrepreneurship, business plan competition, interaction with the entrepreneurs and mentoring. The institute’s alumni have a plan to extend seed financial support to good ideas that can be crystallised into ventures. As a result of the initiatives taken by the centre and the educational process, around eight to 10 per cent of our passing out students take up entrepreneurship as a career option within one to five years of their passing out from the institute. Alumni Cell of the institute has also brought out a book titled Encapsulate and Pop covering the entrepreneurial journey of 10 alumni which is a great source of inspiration for the future generations.
lBSIM collaborated with National Stock Exchange to come up with a new programme...
The collaboration with the National Stock Exchange (NSE) provides an opportunity to the students to undertake different certification programmes offered by NSE. The institute has been building on the strength of its various courses such as investment analysis and portfolio management; financial engineering; investment banking; behavioural finance, etc to provide knowledge and understanding in the area of risk quantification; security valuation; fundamental and technical analysis required for security selection for building an optimal portfolio.
Students of lBSIM have Nivesh Club that provides an opportunity to students interested in investment to apply the knowledge gained in real life situations by investing a pooled money in securities to build up optimum portfolio. Thus collaboration with NSE, curriculum in the area of investment analysis and Nivesh prepares students for taking up jobs in banks, financial institutions, consulting firms and firms dealing in investments and security markets.
These platforms have also been helping students to fetch better jobs of their own interest in investments banking and also prepares them to invest their personal savings in securities.
Management Development Programmes have become very popular...
lBSIM Executive Centre takes care of human resource development needs of the corporate world by regularly organising management development programmes (MDP) on contemporary themes and topics related to different functional areas of management. This centre designs, develops and delivers open MDPs as well as customised MDPs to suit the needs of different organisations. This link with the corporates also enables lBSIM to fetch consulting assignments.
Tell us about the Faculty Development ProgrammesIJ
The programmes develops in-house faculty in specialised areas of management as well as pedagogy of teaching management subjects. The institute deputes its faculty to FDPs organised by leading institutions such as IIMs, CII, etc. The institute also encourages faculty members to participate in national and international conferences by financially supporting them.
Our institute has also been regularly organising in-house faculty development programmes in the emerging areas of management such as business simulation; big data analysis etc.
Thus, we are constantly in collaboration with industry prepares future corporate leaders by imparting relevant course curriculum, proactive introduction of new courses and areas of specialisation, emphasis on distinct pedagogy of teaching, strong collaboration with industry, emphasis on outside-the-class room learning, continuously strengthening learning resources and alumni involvement and engagements.