The 10 Best Institutes for Finance Studies in India, 2018 by The Knowledge Review

T H E Indian Edition

September 2018

www.theknowledgereview.com

NOWLEDGEREVIEW Education. Innovation. Success 10

THE

BEST

INSTITUTES FOR

FINANCE STUDIES IN INDIA

2018

IIM Rohtak

A Top-Notch Management Institute that Molds students into Global Corporate Leaders

Curtis Institute Of Music 1726 Locust St, Philadelphia, PA 19103, USA www.curtis.edu

Editorial

‘‘F

inTech is a buzzword in the financial service sector and the most prosperous MBA jobs are now offered in this industry. In the banking and finance sector, FinTech has become one of the most popular areas to work in. And, one of the popular technologies to set the financial services world abuzz is blockchain. Various industry reports suggest that the number of job requirements for blockchain has been increased in last year. It further states that this sector offers the highest salaries to qualified FinTech experts. Today, Finance students are interested in applying from blockchains to initial coin offerings (ICOs) to different finance roles.

Fintech: The Vogue Leading the Finance Sector

Cryptocurrencies and blockchain technologies are transforming the fundamental principles of finance. Today, the financial institutions in the world are eyeing to blockchain to decrease the administrative expenditure, speed up the settlements, and increase revenue through innovative products and services. And so, the demand for expertise in blockchain technology is huge but there is a shortage of experts in this field. The candidates with a strong engineering or computing background will get a real advantage in this field and in future, it is expected to see positions in these fields allocated to MBAs. The blockchain is still in an early stage of development and it has the potential to disrupt many sectors. Several prominent business schools are providing specialization in FinTech and in future many universities will have several courses on this. But extensive use of the blockchain is tricky because of the controversy that surrounds bit coin and due to major security concerns; it will take time for government regulatory bodies to understand the technology and its decentralization of financial activities. Like anything else, this technology too has some pros and cons. As far as the future is concerned, blockchain and Cryptocurrencies have the potential to completely shake up the financial system of the current state. According to recent research reports, India is one of the countries which has a large under-banked population and has 80 percent cash economy. It is estimated that the digital payment sector in India will grow by $500 billion by 2020. The FinTech industry has high growth potential and opportunity to disrupt the traditional financial system by creating digital financial solutions for end users. Moreover, the government’s digital India movement has created ample opportunities for FinTech enterprises and startups, allowing budding entrepreneurs and professionals to broaden their horizons of learning and exposure. T R

Nilam Thakkar

EDITOR-IN-CHIEF Pooja M. Bansal MANAGING EDITOR Rajarshi Chatterjee EXECUTIVE EDITOR Nilam Thakkar CONTRIBUTORS Nibedita, Sayali VISUALISER David King ART & DESIGN DIRECTOR Amol Kamble CO-DESIGNER Alex Noel PICTURE EDITOR Rahul Kavanekar ART EDITOR Shweta Ambilwade BUSINESS DEVELOPMENT MANAGER Akansha Garewal MARKETING MANAGER Ankush Patel BUSINESS DEVELOPMENT EXECUTIVES Pradnya RESEARCH ANALYST Chidiebere Moses CIRCULATION MANAGER Robert DATABASE MANAGEMENT Stella Andrew TECHNICAL HEAD Swapnil Patil TECHNOLOGY CONSULTANT Vivek Bangade TECHNICAL SPECIALISTS Amar, Pratiksha DIGITAL MARKETING MANAGER Marry D’Souza ONLINE MARKETING STRATEGISTS Alina Sege, Shubham Mahadik, Vaibhav K SME-SMO EXECUTIVES Prashant Chevale, Uma Dhenge, Gemson, Irfan

September 2018 www.facebook.com/theknowledgereview/

twitter.com/theknowledgerv

CORPORATE OFFICE The Knowledge Review Off No. 513 & 510, 5th Flr, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017. Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 Email: info@theknowledgereview.com For Subscription: www.theknowledgereview.com

T H E

W E V I ESuccess G E RInnovation. N O W L E DEducation.

Copyright © 2018 Insights Success, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights success. Reprint rights remain solely with Insights Success. The Knowledge Review is powered by Insights Success.

Cover St y

08.

IIM Rohtak:

A Top-Notch Management Institute that Molds Students into Global Corporate Leaders Articles

24.

Editor' Pick EďŹ&#x192;cient Business Management through Machine Learning

Institute at a glance

16.

GL Bajaj Institute of Management & Research, Greater Noida:Nurturing Corporate Ready Professionals

CXO

34. 46.

Astute Thoughts The Importance and Impact of Recreational Activities in the Educational Curriculum

Educator's Insights Importance of Practical Learning, Research, and Exposure in Management Studies

cxo

16. 34.

46.

Institute at a glance

28.

22. 20. 30.

38.

42.

44.

30. BIBS Kolkata:

20.

Fostering Globally Competent and Versatile Business Graduates

38.

GAFA:

22. 28.

Transforming Individuals into Furnished Finance Professionals

A Founding Stone for a Revolutionized New India

Prestige Institute of Management and Research Creating Global Leaders through Academic Excellence

RVS IMSR:

42.

LEAD College of Management: A Step towards Building a Better Tomorrow

LM Thapar School of Management:

44.

Fabricating Students for Industry with Dynamic Learning and Corporate Exposure

Sagar Institute of Science and Technology (SISTec): Sculpting Future Leaders

T R

Exploring the Best Institutes for Finance Studies

usiness runs on finance and the efficient financial management is vital for the success of any business. To start a business, capital investment is required, moreover, for day-to-day business functions, scaling up; new product development, employ staff, and smooth running of the business finance always play an inevitable role. Nowadays, it is highly crucial to learn about personal finance for effective financial planning and wealth building. Many life goals such as buying a home, saving for children’s education, buying a car, retirement and so can be successfully achieved with proper money management. The formal education in finance can help to understand and acquire skills in financial planning, management and forecasting. Moreover, a finance degree teaches students to analyze financial market, value of money, return on investments and so on. Those who have graduated in finance will have a lucrative career in banking, financial planning, investment planning, money managing, insurance, and many more. Thus, The Knowledge Review comes up with a special edition on “The 10 Best Institutes for Finance Studies in India, 2018,”which highlights some of the best institutes in India which have set a benchmark in the field of finance studies. This issue enlightens on some of those institutes that have made a name for themselves in the global arena for providing excellent educational and infrastructural facilities in the field of finance, management, education, research, and training. On cover page, we have highlighted, IIM Rohtak, an eminent institute which aims to develop corporate and non-corporate leader managers with a sense of excellence, strong social commitment and a passion for a value system. The issue also features Lead College of Management, Prestige Institute of Management and Research Indore, RVS Institute of Management Studies & Research, GAFA (Global Applied Financial Analyst), BIBS Kolkata, LM Thapar School of Management, Sagar Institute of Science and Technology (School of Management Studies), G.L. Bajaj Institute of Management and Research, and Sri Balaji Society, Balaji Institute of International Business. The issue includes enlightening articles written by Ms. Rituparna Devi, Junior Batch-in-Charge in Pune Institute of Business Management and Dr. Shubha.A, Director and Associate professor at School of Commerce, REVA University. So, flip the pages for more information on these leading institutions and enjoy reading!

T R

A Top-Notch Management Institute that Molds Students into Global Corporate Leaders

T R

Cover Story

Management studies are the most popular choices among the students and are often considered as a golden ticket to the world of professional success in India. PostGraduation from a prestigious business school such as Indian Institute of Management (IIM)-Rohtak ensures a desirable job which offers excellent career enhancement opportunities. Founded in 2009, this institute is the 8th IIM of India and the only IIM in the National Capital Region. The institute carries modern, career-focused and international perspective to management education. The institute offers a perfect learning atmosphere that challenges students and enables them to achieve their academic goals. It provides a dynamic environment for high-quality research and value-based education in all functional areas of management that give students an edge of having a pragmatic approach in understanding the strategic, economic and operating significances of the global scenario.

Rohtak ‘‘IIM is well-established and well-respected in both academe and industry

‘‘

he institute aims to develop corporate and non-corporate leader managers with a sense of excellence, strong social commitment and a passion for a value system

IIM Rohtak is a benchmark for management ‘‘education in India with a vision of becoming

‘‘

a global leader in due course

Lush Green Campus with Modern Facilities IIM Rohtak is situated at the wellconnected Delhi- Hisar National Highway. It has a beautiful campus spread across the area of 200 acres. The institute has state-of-the-art infrastructure with world-class facilities of classrooms, seminar hall, open auditorium, student activity center, etc., to facilitate and nurture an environment for the best student learning outcome. Apart from this, the residential area has all the amenities like mess, halls of residence, advanced laundry services, broad parking area, and shopping complex. The ultra-modern campus is Wi-Fi enabled with 24 hours internet access and provides healthcare facility, transport facility, convenience store, etc. to the students, the faculty, and the staff. The campus is harmonized with master-planned architecture, landscape and ecological sculpture for unparalleled access to success. Specialized Courses that Make Students Industry Ready IIM Rohtak offers several academic programs which are designed with an innovative syllabus to provide its students with industry-led learning. It gives two fulltime programs, namely the Post Graduate Program, and the Fellow Program in Management. The institute also offers a wide range of blended learning programs such as the Executive Post Graduate Diploma in Management, the Executive Fellow Program in Management, and the Executive Post Graduate Diploma in Sports Management. Moreover, various short duration and certificate programs in Sales Management, Strategic Management, Project

Management, Data Analytics, and Human Resource Analytics are oﬀered by the institute that helps students to pursue a right career.

Prof. Dheeraj Sharma A Fervent Spearhead Prof. Dheeraj Sharma is Director at Indian Institute of ManagementRohtak. He has a doctoral degree with a major in marketing and a double minor in psychology and quantitative analysis from Louisiana Tech University. Prof. Sharma has over 100 articles published in reputable journals and conference proceedings and has authored eight management books. He has taught at several reputed educational institutions in North America, Europe and Asia. Prof. Sharma is a dynamic leader and seasoned academician. Under his strong and capable leadership, the institute has undergone several transformational activities. First, institute achieved 100% placement with enhanced salary packages. Second, institute moved into its state of art modern campus. Third, institute moved into top ﬁve in research amongst all IIMs in the country. Moreover, he has made continuous eﬀorts to boost the number of girl

students and diversified background student’s enrolment. The institute achieved a benchmark with 450% rise in the name of female students as compared to the previous years which marks the maximum number of girls in a particular batch in the history of IIM Rohtak. Effective Pedagogy and Holistic Student Development Finance courses offered at IIM Rohtak are aligned with CFA Institute. It provides an environment conducive for finance enthusiast students to test their mettle in various competitions like CFA Research Challenge, Motilal Oswal Think Equity Think QGLP, IVP Fin Valley, AIWMI Credit Research Challenge, ICICI Direct Stockmind and many more. IIM Rohtak has clubs like the Finance and Investment Club (FI) where students can explore themselves. The club provides several opportunities for students to improve their knowledge in finance domain through industry and alumni connect and through events such as Case Study and Stock Trading competitions, Budget Talks, Simulation games, News hour, Knowledge Sessions, etc. The institute also publishes ‘Arbitrage’ magazine which provides an opportunity for students to bring out their ideas and thoughts to the readers. This magazine also gives a bird’s eye view of the latest events in the world of finance. Scholarship and Financial Aid For rewarding and encouraging the meritorious scholars, the institute felicitates them with the scholarships and recognition. The institute provides scholarships to students that are offered by the Government of India and scholarships on Merit cum Mean

“

We have made a signiﬁcant mark in the industry through spectacular placement record

“

(MCM) basis. Many of its students have secured a scholarship from the prestigious CFA Institute to pursue their interest in Finance.

Career Opportunities and Exposures The institute provides ample opportunities for the professional development of the students such as Management Summits, Guest Lectures, Live Projects, Industrial visits, and workshops. These career development programs are conducted every week to hone their skills and prepare for the corporate world. Moreover, it also organizes several vocational planning activities and professional training that provides immense exposures to students. Every year, IIM Rohtak provides excellent placements to the students in the top-notch companies. The institute has observed a continuous rise in the average salaries offered to the students. The salary offered to the students of the institute lies in the range of INR 30 LPA to INR 11.7 LPA. Several reputed regular recruiters use to come for hiring the students of this institute who testify the talent and the quality of students. Several notable recruiters have bestowed faith in the students of IIM Rohtak. The alumni of IIM Rohtak are associated with the best brands in the Financial, Consulting, Information Technology and other prominent sectors like Arcesium, Indus Valley Partners, Yes Bank, Motilal Oswal, KPMG, HSBC, ICICI Bank, JP Morgan Chase, Bank of America, IDFC Bank, and Standard Chartered. A glimpse of Major Awards and Achievements IIM Rohtak is ranked in the top five in research and professional practices among all IIM’s as per NIRF ranking 2018. Apart from this, students of IIM Rohtak have extensively participated in various B-School and other national level competitions. Student teams from IIM Rohtak have been winners in Motilal Oswal’s Equity challenge, CFA Challenge, Asia top 5 for the Consumer Business challenge by Amazon Ace, L&T Out-think, Tata Steel Steelathon, TATA Motors Mind Rover and Yes Bank Transformation Series to name a few.

“We are reckoned

in the academe as the top research institute in the country” Exhilarating Management and Cultural Fest at Campus The institute celebrates several exciting events not just for fun, but such events give exposure to the real world work experience. It has been extensively involved in organizing various cultural, management and sports events like Mini Marathon, Infusion, TEDx Talk, Aluminate, etc. round the year. Both the industry experts and academics conduct management summits, live projects, industrial visits and leadership lecture series for intensive mentoring of the students. This reflects the progressive approach taken by the institute in giving its students a sense of excellence, strong social commitment and a passion for a value system. Apart from this, several events are conducted year-by-year to help students and prepare them for successful careers in investment banking, risk management, private equity, treasury, insurance, microfinance and other domains of finance. The institute hosts various leaders across the industry to bridge the industry-academia gap from organizations like RBI, ICRA, ICICI, and PNB to name a few.

Words of trust “IIM Rohtak was a truly formative experience. As a finance major, you can learn about the financial industry from a wide range of courses; whether it is Corporate Finance, Business Valuation or Investment Strategies. Moreover, the faculty has the experience and knowledge necessary to integrate financial theory with realworld application seamlessly. It has provided me with not only an advanced technical skill set but also with the core values required to pursue a career in the financial services sector.” - Stuti Kohli (PGP Batch 2013-15), Assistant Manager, Spice Jet “The financial skills which I obtained from IIM Rohtak helped me in entering the buy-side role. Deeper insights into Finance via exhaustive curriculum of Capital Markets, Investment Banking, Portfolio Management, Valuations equipped me to not only enter the profession but also to excel at all stages. Targeted courses on options strategies, economics and valuations added to our scope of knowledge. Regular seminars and courses by industry experts helped in catching up with the current pace of the financial market.” - Sanjali Jain (PGP Batch 2014-16), ICICI Bank CFA level 3 candidate

READ IT FIRST SUBSCRIBE TO SUCCESS GLOBAL SUBSCRIPTION

1 Year.......... (12 Issues) .... Rs. 2500

6 Months ..... (06 Issues) .... Rs. 1300

3 Months .... (03 Issues) ....

1 Month ...... (01 Issue) .....

Rs. 700

Rs. 250

Date :

Name : Address :

Telephone : Email :

City :

State :

Zip :

Country :

Cheque should be drawn in favour of : INSIGHTS SUCCESS MEDIA AND TECH PVT. LTD.

T H E

CORPORATE OFFICE

N O W L E DEducation. G E RInnovation. E V I ESuccess W

The Knowledge Review Off No. 513 & 510, 5th Flr, Rainbow Plaza, Shivar Chowk, Pimple Saudagar, Pune, Maharashtra 411017. Phone - India: +91 7410079881/ 82/ 83/ 84/ 85 USA: 302-319-9947 Email: info@theknowledgereview.com For Subscription: www.theknowledgereview.com

T R

Name of the Institution

URL

BIBS Kolkata

bibs.co.in

18 D Lakeview Road, Kolkata-700029 West Bengal, India.

G.L. Bajaj Institute of Management and Research

glbimr.org

Plot No. 2, Knowledge Park III, Greater Noida, Distt. G.B.Nagar, U.P., India.

GAFA ( Global Applied Financial Analyst )

gafaglobal.com

3B, Camac Street 2nd Floor, Mansarovar Building, Kolkata.

Indian Institute of Management Rohtak

iimrohtak.ac.in

Management City NH-10 Southern Bypass, Sunaria, Rohtak Haryana, India.

LEAD COLLEGE OF MANAGEMENT

lead.ac.in

Dhoni, Palakkad, Kerala, India.

LM Thapar School of Management, Thapar Institute of Engineering & Technology

lmtsm.thapar.edu

Dera Bassi Campus, Off Dera Bassi - Barwala Road, Vill. Behra, Dera Bassi, Dist. Mohali, Punjab.

Prestige Institute of Management and Research, Indore

pimrindore.ac.in

2, Education & Health Sector Scheme 54, Indore, India.

RVS Institute of Management Studies & Research

rvsimsr.ac.in

242-B, Trichy Road, Sulur, Coimbatore, Tamil Nadu, India.

Sagar Institute of Science and Technology (School of Management Studies)

sistec.ac.in

Opposite International Airport, Gandhi Nagar, Bhopal.

Sri Balaji Society, Balaji Institute Of International Business

biibpune.com

Survey No. 55/2-7, Tathawade, Off Mumbai - banglore Highway,Wakad, Pune.

Location of the Institution

GL Bajaj Institute of Management & Research, Greater Noida Nurturing Corporate Ready Professionals

The Institute aims to develop globally competent management professionals with innovative skills for the benefit of the nation at large. With a unique and innovative approach to management education, GL Bajaj Institute of Management & Research (GLBIMR) focuses on providing the right knowledge, imparting the right skills, for enduring success in management career and shaping the right character. GLBIMR was established in 2007 and is a leading B-School of North India offering Post Graduate Diploma in Management (PGDM) approved by AICTE, Ministry of HRD Govt. of India. The institute, established under the aegis of GL Bajaj Educational Institutions, embarked on the journey to promote higher education in NCR. Innovative Pedagogy with Experiential Learning GLBIMR offers two years, full-time Post-Graduate Diploma in Management which is the flagship program of the Institute. Under PGDM Program, multiple opportunities are provided to visit Business Conferences, Seminars and Business Events organized by the leading Corporate Houses, Trade Bodies,

|16|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

Chamber of Commerce and Ministries of Government of India. The program also includes value-added certification courses by Ministry of Micro, Small and Medium Enterprises-government of India (MSME) in the domain of Digital Marketing Certification, Yellow Belt Six Sigma Certification and Financial Services Certification.

A Visionary Leader Mr. Pankaj Agarwal, Vice Chairman, GL

Students at GLBIMR are being prepared for Global Competitiveness. Apart from the classroom learning students get adequate exposure through Live Projects, Corporate Interface, Industrial visits, Dissertation, Summer Trainings etc. Students of GLBIMR are encouraged to participate in relevant seminars & conferences at organizations like AIMA, ASSOCHAM, ZEENews, Aajtak, UNGC etc so that they can start networking and grow into a complete professional who will be market leaders of tomorrow.

Bajaj Educational Institutions, is a dynamic Edupreneur who has been promoting academic excellence with a consistent focus on nation building. Under his transformational leadership, GLBIMR students have emerged not only as excellent managers but as contributors to nation building. Over the years, he has been facilitating emerging areas of Higher Education. His vision provides the foundation for translating dreams into reality for young professionals for 19 years. For being a dynamic entrepreneur and for his contributions in the field of quality education, Mr. Pankaj Agarwal has been recently conferred with exclusive young entrepreneurs in UP who were conferred with this prominent award. He has also

GLBIMR has been ranked amongst the top four management institutes in ‘Emerging Category’ by AICTE-CII survey of Industry-Linked Institutes, 2017. It has won various well renowned awards such as Best Management Institute in Corporate Interface Award, by Federation for World Academics (FWA) during the “2nd Asia Pacific Summit & National Education Leadership Awards” on T H E

Scholarship to Meritorious Students

and promoting academics and research in

Samaj Ratna Award and was amongst the three

Accolades and Achievements

February 15, 2018, ‘Best Management Institute in Delhi NCR’ by Indian Research Media and Award (IRMA) in March 2017, ‘Best Management College in India for Placements 2017’ at Global Education and Skill Summit (GESS) in March 2017, ‘Best Business School Award’ by BBC Knowledge in February 2017 and many more. GLBIMR has been recognized amongst “Top Institutes of India”& Conferred with “Award for Excellence 2018” by Competition Success Review (CSR) 2018 for third consecutive year.

been honored for “Excellent Leadership of Leading Institutes in India’ by Competition Success Review (CSR), May 2018 for his exemplary contribution in the field of Management.Mr. Agarwal has also been conferred with coveted Swachchata Award by the

GLBIMR offers various scholarship schemes to honor the students for their hard work and academic excellence. Scholarship amount of Rs. 20,000 to 30,000 is offered to the students on the basis of their MAT composite score, CAT/XAT percentile, and CMAT ranking. The students who fulfill the criteria for the range of score/percentile/ranking are eligible for these scholarship schemes. Moreover, the institute felicitates scholarship of Rs. 25000 to the students who secured above 60% marks in X, XII and graduation.

Chief Minister of Uttar Pradesh, Sh. Yogi Adityanath ji in the year 2018.Recognized as an Educator Innovator by India Today in April

Career Opportunities and Placements

2018,he has been awarded with ‘Fore Top Rankers Excellence Award- Institution Builder’ in 19th National Management Summit in 2018.

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

GLBIMR focuses on students’ development with strong impetus on

|17|

Institute at a glance

‘‘GL Bajaj Institute of Management and Research offers Innovative Pedagogy with Experiential Learning with focus on Skill Enhancement and Corporate Readiness

‘‘

a) Corporate Readiness b) Skill Enhancement c) Academic Excellence. Many initiatives are taken by the institute to enhance placement readiness of students such as Soft Skill Program (SSP) to inculcate corporate readiness amongst the students and for holistic development of the students. The institute provides ample opportunities for the professional development of the students like team presentations, group discussions, mock interviews, resume writing and so on. For expert training and career guidance, the institute has best in class external professional trainers to provide best of inputs in line with industry requirements. Quality of placements is the benchmark of success for a management institute, as it defines the ultimate objective and commitment towards students. GLBIMR offers excellent placement opportunities in leading companies for the students such as American Express, Decathlon, Big Bazar, HDFC Bank, Axis Bank, ICICI Securities, Asian Paints, Naukri.com, Barclays, American Express, Reliance JIO, Audi Delhi, S&P Global Market Intelligence, E&Y, IndusInd Bank Limited and many more.

Words of Trust “I had an astonishing journey at GLBIMR. The institute gave me a platform to explore myself and gave me various challenges to overcome my drawbacks. GLBIMR consist of best of faculty who along with teaching also taught me how to rise and shine and currently I am successfully placed in Barclays. Thanks to GLBIMR for the amazing opportunity. I also wish the following batches best of luck for their future endeavors.”

Dr. Urvashi Makkar, Director General, GLBIMR, is an enterprising academician with an enriching experience of 23 years in the field of education, research, training & consultancy. A Ph.D, EPHRM-IIM Calcutta, Dr. Makkar holds the certification of “Harvard University-School of Education, Boston, USA. She has to her credit more than 76 publications in refereed International/National Journals and has

- Sayeema Nishat (PGDM Batch 2015-17) Barclays Shared Services

authored/edited 12 books on CRM & Retail with reputed publishers like Tata McGraw Hill. She has also attended various National & International conferences/ seminars,

“I am one of the proud Alumni of GLBIMR, which is one of the top management schools in North India. As an Institute of academic excellence, GLBIMR aims to provide excellent management education, action-centric research, and values added consulting. GLBIMR has been instrumental in shaping careers of students and I am thankful to my alma mater. Best wishes to all the students in the current batch.”

presented research papers & chaired technical sessions at Zhejiang University, Hangzhou, China, Harvard University, Massachusetts, USA, Universities Malaysia Sarawak, Malaysia, IIT-Bombay, IIMAhmadabad, IIT-Kanpur, IIM-Kozhikode etc. Dr. Makkar is also a Board Member of “Asian Observatory of Social Quality (AOSQ), the Asian branch of International Association of Social Quality (EU funded Project) at Zhejiang University, Hangzhou,

- Sarvesh Sharma (PGDM Batch 2009-11) HDFC Bank Limited

China. Her strong vision to achieve academic excellence and corporate readiness at the institute has helped to materialize the success of GLBIMR.

|18|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

BIBS Kolkata:

Fostering Globally Competent and Versatile Business Graduates

The institute aims to impart management education through innovative research based methods, outstanding faculty as well as industry imbibed practical learning and thought leadership to help students succeed in the fast changing and inter-connected world One of the leading B-schools in Kolkata, Bengal Institute of Business Studies (BIBS) was established in 2008. The institute is a perfect blend of management education, contemporary business practices, and provides live learning opportunities. BIBS is the only B-school in West Bengal with a tie-up with NSE Academy, a wholly owned subsidiary of the National Stock Exchange for a program in Finance. The faculty team at BIBS comprises of industry professionals, doctorates, alumnus of IIMs, XLRI, with both corporate and academic experience. Industry oriented course taught by talented faculty of BIBS and experts from NSE Academy, ensures real-time learning which enhances placement opportunities.

|20|

Specialized Courses in Financial Management Collaborative programs such as PGPFM and MBA are offered by BIBS in partnership with NSE Academy. The program is first of its kind in West Bengal in partnership with NSE academy and brings together a unique combination of renowned academicians and financial experts to help the students to gain contemporary skills and the knowledge to capitalize on forthcoming opportunities in financial management. The program combines the power of NSE Academy and PwC for a guaranteed career in core finance with a pan India acceptance. Further, PGPFM is a homogenous batch i.e., all of the same specialization it leads to focused learning. Through NSE’s Learn to Trade (NLT) software, simulated live market trading exposure is provided to the students to learn the real operating scenarios of the financial world. Moreover, 9 industry regulatory certifications are offered to ensure that students get relevant tools to perform in the financial world. These certifications are required to

Leading Light of the College Vidur Kapoor is a resourceful and enthusiastic professional with a genuine interest in nurturing students’ cognitive and social growth. He is the Chairman of BIBS and under his able leadership the institute has achieved immense success. An MBA from ENCP, Paris as well as an International CFA, Mr. Kapoor has more than 2 decades of rich professional experience in the Education Industry. He asserts, “At BIBS, students get exposed to corporate leaders who teach them the nuances of the actual world using real life cases. This gives every student the power of Experiential Education, which is live knowledge, decision making abilities and leadership qualities.”

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

work in the best financial firms in India. The Core Pedagogy of BIBS: LEAP Methodology Ÿ Live Learning: It provides students an opportunity to work in a corporate environment on live projects, which imparts the students, the touch and the experience of the Industry, where actually academics are applied and tested. Ÿ Entrepreneurship: The entrepreneurship cell of the institute has objectives of nurturing students looking to start their own businesses either while studying on campus or after completion of their course. Ÿ Active Mentoring: The mentoring program provides ‘real world’ information, advice, and access to networks that are important for development of the students. This program helps students to gain confidence in both academic as well as professional life; also students get the right direction and pursue a right career in their respective field. Students get several opportunities to meet in person and learn from the industry mentors. Ÿ Placements: The institute has placement committee under which the summer and the final placements are managed by a group of dynamic students. These students manage the entire placement process from arranging corporate visits to final interviews and even joining formalities. These activities provide immense exposures and practice learning to the students where they actually learn about placement process. The institute conducts Placement Evaluation Test or PET for their placements in which all students need to appear. This written examination is followed by GD and PI and this process is undergone by every student for their summer and final placements. More than 150 companies visit the campus every year and more than 10% of the MBA batch has been placed internationally. T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

Accolades and Achievements The institute has been listed among the second best in Kolkata and fifth best business school in eastern India by The Times of India B-School Survey for 2018. BIBS is the only Business School in West Bengal with a CRISIL A** Rating. BIBS is also amongst the World’s Greatest Brands – India and GCC (Process Reviewers: PwC). The institute has also been awarded Corporate Excellence Award for Education Institute with the Best Academic and Industry Interface by the World CSR Council. In the year 2016, it has received award of College of the Year - 2016 for Excellence in Placements by one of the leading media publication house. Words of Trust “Knowing the hurdles well I decided to pursue Finance for my MBA. I have put in a lot of hard work and perseverance and also have been immaculately taught and trained by BIBS faculty and mentors from NSE Academy who were able to make me a fit for the Finance domain. Today I am a proud employee of PwC. My dreams have come true. ” -Prosenjit Pal –MBA Batch of 2017 “I am so excited to have got an international placement at UAE Exchange in Dubai. The effort that I put in to my MBA coupled with the immense support of my faculty and corporate mentors at BIBS have seen me grow and develop in to a confident and ambitious management aspirant.” -Sritama Bhattacharya – MBA Batch of 2018

|21|

GAFA

Transforming Individuals into Furnished Finance Professionals

The program aims at cultivating a culture of knowledge to help professionals to take informed decisions relating finance as a career option. About the GAFA Program GAFA or Global Applied Financial Analyst is a self-paced study module which gives undergraduate students a chance to achieve their dream of making a career in finance. It has been developed by NSE Academy, a wholly owned subsidiary of The National Stock Exchange of India in association with EIDOS (a 20 year old institution which has been helping students pursue careers that are in sync with their talents and establish industry connects to covert learning into practicality). GAFA believes in inculcating finance as an ingrained and imbibed talent rather than a specialty only. The course is designed across three levels, Associate, Professional, and Expert that have to be taken sequentially with a one-month gap between the levels. Each level takes about 11 months to complete. In each

|22|

level, the students give subject as well as Industry Regulatory Certiﬁcation exams. After the Expert GAFA Examinations, they need to opt for a 3month internship or dissertation, after which they get a GAFA certiﬁcate. GAFA is available as a classroom as well as an online program. GAFA blends classroom learning with Industry relevance in the following ways: Ÿ Expert faculty from NSE Academy,

EIDOS, and the Finance community

About the Director Ms. Swadha Kapoor, Director of GAFA (EIDOS) has more than 15 years of experience in education in multiple roles, be it an educator, a career counselor, author, and mentor amongst many others. A topper in School (MHS, Kolkata) as well as in college (Calcutta University), she is an NAMC certiﬁed educator as well as a UCLA, Berkley certiﬁed career counselor.

Ÿ Latest and Award - winning Case

Studies relevant to the Finance Industry Ÿ Mentoring and Industry relevant learning by corporates from the Industry Ÿ A huge library of books, journals, sample worksheets, and a whole lot more

Apart from being engrained in education, Ms. Kapoor has also been a part of numerous startups in the education sector focusing on providing career opportunities to students both in India and overseas. She has coauthored several books on management, economics, and ﬁnance

NSE Academy is a wholly owned subsidiary of The National Stock Exchange of India, which is the largest stock exchange of India & second September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

largest in the world in terms of contracts traded in Index Options. NSE Academy was established with a view to spread financial literacy in the country. It offers various Regulatory Certifications that ascertain the practical knowledge and skills required to operate in the financial markets.

personal interview for their MBA admissions.

Distinct Advantages of GAFA GAFA is distinct from other professional courses in India like CA, CS, CFA, and CMA. GAFA can be started and completed along with graduation as opposed to other courses which continue well after graduation, Infrastructural, Educational, and even if one passes all the levels in the Locational Benefits first attempt. Clearing in the first GAFA is located in Camac Street, the hub of corporate business in Kolkata. It attempt in some of the other professional courses is as low as 3% is easily accessible from all modes of public conveyance which is a boon for whereas students appearing for the GAFA exams have a very high chance students, faculties, and industry of completing it along with their mentors alike. graduation. It has state of the art institute, having centrally air-conditioned infrastructure Words of Trust with multimedia and virtual classroom “GAFA program provides a practical knowledge of the financial markets and capabilities. It has an online e-portal the mutual funds in the economy. This for complete access for students from course is a blend between the any location. The institute organizes classroom videos and extra sessions on academic and industry point of view. It renders requisite knowledge of the live channels. GAFA has an online corporate world and it’s workings. The interactive portal for students to connect live with faculty and mentors. classes are interactive with highly Workshops and projects are conducted qualified faculty with tremendous industry experience.” – Shouvik Sen with the best financial companies in India for live learning mentoring by “I have joined the GAFA sessions and stalwarts from the finance world. It it has been just fantastic. The faculty also provides placement assistance in the best companies in India. Moreover, here are great and that would be an understatement. The concepts that are students also have the provision of an taught are so fluid as well as lucid that e–library of more than 50,000 titles everything is understandable, but the relevant to finance. discussions are the opus prime of this course.” – Arkya Ghosh GAFA for Higher Studies The industry interaction and practical relevance of GAFA instills in students “The classes of GAFA are very helpful. a high level of confidence which helps They not only strengthen our concepts but sharpen our skills too. The faculty them to comprehend the nuances of a is extremely good and they make the Master’s Degree/Professional classes both interesting and Coursework in a more matured and holistic manner. GAFA builds a strong informative.” – Purbasha Bera foundation in the knowledge and skills, thereby furthering students to engage in powerful group discussions, helping them answer questions confidently and be technically proficient in their

T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

|23|

Efficient

Business Management throught

Machine Learning

|24|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

Editor's Pick

Data Storage Stored data can be transformed into smart stored data by using the machine learning. Disorganized data can create havoc for managers in finding the correct information. Machine learning can analyze and categorize data based on the required relevant action. This technology sorts all the data into categorized groups and managers can find the relevant data with ease. These insights will aid in predicting a customer’s mindset and events before their occurrence. Self-Regulating Technology Machine learning combs through the information and pick out patterns and trends. By predictive analysis, technology can assist managers to make data-driven decisions. These decisions will have strong accuracy and managers can make optimal decisions. In addition, the advantage lies in the technology as it will expand its knowledge on its own and will get better over time. Automated processes for managers can also be set up by using the machine learning. When a manager takes an action, the machine can learn its significance and can determine why such a decision was taken. Over the time, the machine can automatically perform such actions on its own. To take full advantage of the machine learning, the managers must ensure that their system is efficient for collecting and storing data. Many professional have old equipment and processors that cannot handle today’s technology standards. If they are updating their systems, they must make sure that their newer technology has machine learning capabilities. By doing so, they are not only updating the technology but are also investing in it, because machine learning systems will expand based on its accumulated experience. Machine learning is helping managers in improving their decision speed, consistency, and quality. It is also reducing the costs alongside setting the industries for the future success.

|26|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

LEAD College of Management: A Step towards Building a Better Tomorrow The institute focuses its aim on making sure that the education system within the country is given enough nurturing and focuses on the students’ learning aspect rather than grades. It ensures that the students are preparing for business challenges on a global scale. LEAD in short, transforms the students in two years. The learning process at the LEAD College of Management is purely driven by rigorous practice and the necessity to make sure that the students become more familiar in the ﬁeld. The concepts and skills that are essential in the industry today give them a chance to have a perspective on these topics as enterprise leaders. The fact that the institution has faculties across diverse industry backgrounds apart from academic credentials is an added factor which is beneﬁcial in the academic process for students. This ensures that the learning for the students is more focused for Life than passing simply the examinations. Additionally, the institute is known for its excellent experience in the various

|28|

domains since 2011 and this is enough to speak about the multiple triumphs that it has had. Top management institutes have sent their faculties to LEAD to impart their immense knowledge in Management Development Programs and Faculty Development Programs. Situated in the foothills of the Dhoni mountain range, LEAD an acronym for Leadership and Entrepreneurship Academy has one of the perks in the tranquil environment surrounded by green foliage. A multicultural crowd of students adds to the exchange of knowledge from every corner of the world. This medley of people also ensures that the students experience the world. The students are encouraged to involve in case studies which urge them to question things and indulge in a healthy discussion with fellow classmates. Segments of Erudition in LEAD LEAD primarily provides MBA courses that have the approval of the AICTE and is aﬃliated to the University of Calicut accredited by

A Chairman with a Noble Purpose

Dr. Thomas George of LEAD College of Management is a dedicated Founder with a goal to make sure that the students’ talent, passion and competence are combined to help them learn to instill managerial capabilities in them. He is an engineer and psychologist turned educational entrepreneur or edupreneur whose one aim is that his students have a dynamic environment to learn in. With his decades worth experience in soft skills training, Dr. Thomas George ﬁnds himself leaning towards an avant garde andragogy. In his words Dr. Thomas says “To create a masterpiece, the sculptor requires the synchronization of his thoughts and his skills. Our long-term vision is in crafting the outgoing students with social relevance to demonstrate competence and leadership”

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

NAAC; the state-of-the-art institute.The institute also oﬀers a myriad of specialization courses in Marketing, Human Resources, Finance, International Business, and Systems. The institute also ensures that the students are at their maximum brain functioning capacity and the timings are molded according to this. Apart from this, the students also have the facility to learn various foreign languages as a part of their curriculum. Another unique opportunity that the university provides is the chance to earn while learning. This is done through various business activities like share trading, marketing, conducting events and so on. ‘Turning Point’ is one of the value added courses in LEAD that eventually works as a turning point in many aspirants’ lives. LEAD also provides the students the opportunity to work on publishing an in house journal “LEADER”. The journal has a reach of more than thousand copies among researchers, corporates and other such contemporary institutions and well appreciated in the academic world. Accolades for Extraordinary Eﬀorts LEAD has been appreciated by a multitude of state and national level agencies. The international agency PricewaterhouseCoopers named LEAD as the sixth emerging business schools in India. Closer home, various popular Indian journals and magazines have also given LEAD the honor of being featured.LEAD has been Placed 5th by Higher Education Review among institutes providing industry exposures and 49th position in All India Ranking of Business Schools by Business India (Dec 2017). The academy was also recognized by a leading newspaper and publication from Mumbai. The coveted award entitled “EDUCATIONAL LEADERSHIP AWARD” for LEAD College of Management was received by the Chairman, Dr. Thomas George T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

during the 9th DNA Innovative Education Awards 2017. Future Endeavors for the growth of LEAD LEAD Institute of Management is now looking towards having a separate batch exclusively for engineering graduates from the academic year 2018 – 19. The engineering students will constitute one class where they will be given exclusive training which will give them the means to ﬁnd enhanced recruitments in IT and ITES companies within India and internationally as well. LEAD has strategically started aligned with Kochi Business School, Cochin (also called Marthoma School of Management Studies) to accelerate new initiatives and excel in its endeavors from the year 2018-19. LEAD contemplates to secure accreditation from NBA, ACBSP, AACSB and AMBA in the ensuing years soon. “Words of Trust” “Before entering the corporate world, LEAD life has shown what it will be. Was able to grab and hold many attributes in the pocket. Thanks to the lifestyle, culture and corporate relationship programmes of LEAD.” -Vishnu K T - Idea point coordinator, Idea cellular ltd. “The two years at LEAD is about transformation. It not only imparts knowledge, but reinforces in us the spirit of creative action. One is repeatedly confronted by hard questions and challenges which have no easy answers and a deep reﬂection ensues. We suddenly discover that we are capable of so much more than we had given ourselves to believe.” -Nithin Ghosh - Manager with Unilever Limited

|29|

LM Thapar School of Management: A Founding Stone for a Revolutionized New India The institute aims to educate globally sensitive graduates with a scholarly and social entrepreneurial mindset Grounded in the ethos of social entrepreneurial mindset and sustainability, LM Thapar School of Management, is a leading business school committed to develop professionals who are adept at creating and propagating sustainable and ethical management practices. With precisely this in mind, the vision of this business school is ‘New India starts here’. It wishes to become the business school of New India. It wants to be a source of impactful ideas for designing, architecting, and constructing the new India of our dreams. LM Thapar School of Management, a unit of Thapar Institute of Engineering and Technology (TIET), Patiala, is one of the most prestigious B-Schools in India. Established in 2007 at Patiala Campus of the Institute, the school was shifted to Dera Bassi near Chandigarh, in 2013 as a standalone unit of TIET.

|30|

Distinct Courses LM Thapar School Offers The entire two-year MBA program curriculum is divided into the following four broad areas; Core courses, Complementary Certificate courses, Management and Organizational consulting (6-8 Weeks Summer Internship) and Specializations. There are nine specializations offered in the 2nd year of the MBA Program which includes; Finance, Information Systems, Operations, Human Resource, Marketing, Entrepreneurship and Innovation, Energy and Sustainability, Education Management and Leadership, and International Management and Strategy. The Finance Specialization The institute has a rigorous finance curriculum, with a good mix of theory and practice. Students are provided with sound financial principles, and special emphasis is laid on managing the finance for enterprises. The faculty provides a comprehensive behind-the-

An Able and Thought-out leader

Prof. Padmakumar Nair, who is the Director, holds Ph.D. from University of Twente, Enschede, Netherlands; and Degree in Engineering from University of Tokyo, Tokyo, Japan. With more than 50 refereed publications and holding adjunct positions in the universities such as University of Cambridge, Department of Materials Science and Metallurgy, Cambridge, UK; University of Twente, Netherlands; University of Tokyo, Department of Chemical System Engineering, Tokyo, Japan, etc. His aim is to develop professionals who are adept at creating and propagating sustainable and ethical management practices across the globe. He wishes to achieve this goal by providing a passionate group of faculties with rich industry and academic experience from the leading international and national institutes.

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

scenes perspective to its pupils from the established theories and their extensive industry experience.

fellowship for 4 years from the academic session 2017-18 onwards. Three of their students joined M.A. program in Environmental Studies at Porter School of Environmental Studies, Tel Aviv University, Israel under credit exchange program. Seven of their students got placed at Electrolux – Stockholm, Sweden, KPMG Crimsonwing, Malta, and Jay Kay Global, Ghana. The school is a member of two international accreditation agencies, EQUIS (EFMD) and AACSB International. The institute’s eligibility application was approved by AACSB International in June 2017. The school was recently selected for funding by the Erasmus+ Program as an Erasmus Mundus Joint Master Degree under MARIHE consortium of Danube University, Krems, Austria.

The LM Thapar School aims to build leaders in Finance who are able to come up with financially sound, Ÿ creative, and innovative solutions, within the given constraints. It offers a variety of courses such as Securities Analysis & Portfolio Management, Ÿ Corporate Valuation and Restructuring, Banking and Financial Services, Insurance and Risk Management, Wealth Management and Personal Financial Planning, Strategic Cost Management and Control, Entrepreneurial Finance, Investment Ÿ Banking, Project and Infrastructure Finance, Advanced Financial Statement Analysis, Financial Derivatives and Risk Management, Behavioural Finance, Fixed Income Securities, and Financial Econometrics under finance specialization. Words of Trust: “Thapar has helped me nurture myself Scholarships and Fellowships and develop a skill set that has given Offered my career an excellent platform. It also Financial support in the form of gave me an eye to look at things from a scholarships and fellowship is wider perspective, yet keep my focus extended by LM Thapar school to its students pursuing MBA (75 Emerging on small details. I am grateful that I enrolled for this course which gave my Leader Scholarships), Ph.D. career a solid platform.” (Fellowship & Fee waiver), and M.Phil. fellowships. Students who have achieved academic and overall — Himanshu Arora (MBA 2014-16, performance excellence are selected. A LMTSM), secured job in Electroluxkey consideration in its selection of Stockholm scholarships and fellowships awards is the degree to which the school believes “The comprehensive course plan and the candidate will make a significant the growth-oriented curriculum which contribution to the quality of the includes mandatory internships, School’s Masters and Doctoral industrial tour, and placement programs. assistance helped me build the necessary skills and acumen to Major Achievements Over the Years distinguish oneself in today’s The institute has achieved many competitive world.” milestones, which include: Ÿ The school has started two new — Chhavi Jain (MBA 2016-18, academic programs - Ph.D. LMTSM), secured job in (Residential) and M.Phil. with full Thoughtfocus- Blackstone T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

|31|

UNLOCK YOUR POTENTIAL. 800 Lakeshore Drive, Birmingham, AL 35229 www.samford.edu

About the Author Ms. Rituparna Devi is currently working as Junior Batch-in-Charge in Pune Institute of Business Management. Prior to this, she has worked as an Assistant Project Engineer in IIT Guwahati for 1.5 years. She holds Bachelors of Engineering Degree in Electronics & Communication from Tezpur Central University, Assam and MBA in Finance from National Institute of technology, Silchar.

|34|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

Astute Thoughts

The Importance and Impact of Recreational Activities in the Educational Curriculum

A “

ll Work and no Play make Jack a dull boy” goes a popular saying. The signiﬁcance of this saying has increased manifold in today’s fastpaced and competitive world where students are forced by both their guardians and the conglomerate of society and situations as a whole to devote increasing hours in academic learning , whether theoretical or practical and knowledge enhancing activities so that they can stay ahead in the rat race. Add to that the present way of life where people mostly stay in small nuclear families and with parents working, the viability of our own home as a place where we can have recreational time has diminished. What is recreation? Recreation consists of activities or experiences carried on within leisure, usually chosen voluntarily by the participant - either because of satisfaction, pleasure or creative enrichment derived, or because he perceives certain personal or social values to be gained from them. It may, T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

also be perceived as the process of participation, or as the emotional state derived from involvement. Students, especially in higher education, now spend most of their time with college friends and outside of home for various purposes and work. Hence, in the current scenario, the best place to include recreational activities in one’s life is one’s place of education rather than at home. This not only provides a chance to include recreations in one’s life, but also helps students to socialize and become less dependent on one’s parents. Before analyzing the eﬀect of recreations in educational curriculum, it is important to know the impacts and necessity of recreations in one’s life as a whole. Due to the intricacies in present day society and the way of living, students nowadays are weaker than their older generations, both physically and emotionally. This gets reﬂected in their physical, emotional and mental health as well as their behavior and development which all the more calls for bestowing on

recreations the importance that it deserves. Various studies have shown the importance of recreations on one’s life speciﬁcally in three aspectsphysical health, mental health and improving quality of life. • Physical Health: Recreational activities, especially outdoor ones improve one’s health like maintaining lower body fat percentages, lowering blood and cholesterol levels, increasing muscular strength, ﬂexibility, muscular endurance, body composition and cardiovascular endurance. Overall it increases one’s stamina and energy level resulting in more focus for academic activities besides also having an impact on one’s class attendance and attention thus leading to more learning. And as we all know “health is wealth”. • Mental Health: Mental health is essential for overall physical health. Recreational activities help manage stress. It provides a chance to nurture oneself and provides a sense of balance and self-esteem, which can directly reduce anxiety and depression. There is

|35|

also an increased motivation to learn as it can serve as a laboratory for application of contents learnt in classrooms teaching. It provides a channel for releasing tension and anxiety thus facilitating emotional stability and resilience. Such activities help students to become more self-reliant, emphatic and self-disciplined. • Improved Quality of Life: People who make recreation a priority are more likely to feel satisfied with their lives overall, according to an American Recreation Coalition Study, 2000. Recreational activities help create a balance between academic pressures with physical and mental well-being. The effects of recreation are multifold. It enriches self-expression, self-fulfillment ability, interpersonal skills, techniques and methods of using leisure, physical strength, creative expression, and aesthetic sense. Such attributes have a favorable effect on human beings who have limits in everyday life. Therefore, recreation is allowed to be used as a tool of therapy (Lee, 2000). Physical activity-based recreation helps participants recover from the deteriorated physical strength, caused by the lack of exercise, and develops the latent ability to achieve self-realization. This also helps people to deal with common day to day problems more effectively as it makes people more optimists and with a positive outlook to life. Coming to the point of including recreational activities in educational curriculum, it can be said that the present generation spends less of their time in natural surroundings leading to a weakening of senses both physiologically and psychologically. Guardians, academic institutions as well as the government should find out every possible opportunity to include recreations in a student’s life for an overall holistic development of mind and body. If such opportunities are lessening in a home set up, then it should be part of the educational curriculum where a student spends majority of his/her time. In fact, recreational activities in an educational set up will be academically more enriching for the student in many ways: • Students are more enthusiastic to learn in outdoor learning activities as compared to traditional indoor setting and also more motivated. They also develop a better attitude towards the environment and more responsible behavior • It helps in building communication skills and team building as students have to work in groups to solve problems. There will be more discussions of ideas and feedbacks and helps students to resolve conflict among themselves • It also helps in boosting memory as there is more practical experience and the information can be soaked up wholly by the brain in a more fresh and fascinating environment • It also helps in moral development as students get the opportunity to undertake leadership, question actions and regulations and accept responsibility for their own behavior. • Enhances peer relationships and interpersonal skills. Students can also excel in areas other than academics where they have an interest. Recreational activities can give a chance to discover talents other than academic excellence which can later help one in the career and life as a whole. Overall it can be said that, recreational activities help in overall development of a student's physically, mentally, and emotionally. It not only helps to gather knowledge but to use it ethically to lead a healthy and better life. It teaches one to think with reason and live with a more practical approach to life. It also enhances ones all round development, thus helping to achieve success in ones endeavors T R

|36|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

Prestige Institute of Management and Research Creating Global Leaders through Academic Excellence The institute aims to provide quality education by innovating and continuously improving upon the disciplines of management and computer applications through advanced methods of training, research,and consultancy. Management education in India has seen an unprecedented growth in recent years in quantitative terms but quality remains still under developed compared to the global standards. There are still some renowned institutions like Prestige Institute of Management and Research (PIMR) showing the way to excellence. PIMR is a premier management institute established in the year 1994. It is an ISO 9001:2008 certiﬁed institute which is ranked consistently in the upper edge of top-ranking business schools in various nation-wide surveys carried out by the leading rating agencies. UGC has conferred on it the autonomous status in 2006 and again in 2012. It is aﬃliated to Devi Ahilya University for all under graduate and post graduate programs. The institute has been accredited by National Assessment and

|38|

Accreditation Centre (NAAC) and has received NAAC ‘A’ Grade Accreditation from U.G.C. twice in 2009 and in 2014. Management Education with Practical Exposure Its achievements are attributed to creating the right mix of theory from syllabus as well as practical knowledge by incorporating internship as a mandatory criterion for completing the course and adding certiﬁcation in Finance from various recognized bodies like National Stock Exchange, Association of Mutual Funds in India, Bombay Stock Exchange, to name a few. The Professional Academic Programs The achievement of the Institute in a span of twenty four years of its existence has been widely appreciated. Its MBA program is accredited by NBA since 2003. The Institute oﬀers the management programs like MBA in Full-Time and Part-Time mode. Master’s Program of MBA has specializations like marketing

Dynamic Leadership Driven by Knowledge

Dr. Yogeshwari Phatak has been associated with PIMR, Indore since November 1, 1994. She took over as the Director on November 1, 2008. She holds B. Com (Hons), M.B.A. with specialization in ﬁnance and Ph.D. from Institute of Management Studies, DAVV of Indore. She has been involved with teaching ﬁnance oriented subjects. She has to her credit more than 50 research papers in journals and many books. She has edited books in the area of Management and has developed and published a number of case studies and case monographs. She has been engaged in corporate training and is a recognized AMFI trainer. She has also conducted various corporate training programs.

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

management, international business, ﬁnancial administration, personnel administration, advertising and public relations. The graduate programs oﬀered by the institute are BBA, BCA, B. Com. (Hons), Masters and Bachelor in Mass Communication, Bachelor of Foreign Trade, BA LLB (Hons.), B.B.A. L.L.B. (Hons), B.Com L.L.B. (Hons), L.L.B., and L.L.M.

Agency for Promotion of Information Technology (MAP-IT) and Literacy Mission with an NGO Neev respectively.

International MOUs Institute has been signed MOU with six international universities like SIAM University, Thailand, American Latin University, Argentina, London School of Business and Finance, Singapore, Infrastructure and Facilities Munich Business School, Munich, Prestige institute has established a Germany, Federal Polytechnic, OKO ANAMBRA State, Nigeria and conducive working environment for both faculty and staff development. Its DebreBerhan University, Ethiopia, for state of the art infrastructure with Wi- student and faculty exchange program. Fi and Libraries with a large number of The Institute has also signed MOUs books, journals, magazines, e-journals with AISEC for providing foreign of national and international of repute internship to the students. are the strengths of the institute. “Words of Trust” “Being an active member of the Awards and Achievements of the student council, it provided excellent Institute practical orientation to organize and Institute was rewarded from leading manage various National Level business magazines as Institute of College Fest and competitions, which Excellence in 2018 followed by the honed my skills as a team player and Best Management Institute by Centre added confidence to take challenging for Education Growth and Research assignments in later in my career. I’m awarded under categories of Industry Interface. It received other awards such thankful to PIMR and all those wonderful faculty members who as Academic Excellence in Central prepared me for this competitive India. corporate life.” - Mr. Manu Mahrish, (MBA, Placements and Social Initiatives Batch – 2004) AVP Karvy Pvt. PIMR, Indore is proud to be associated Wealth, Dubai, UAE with Amazon India, Deloitte, S&P, ICICI Bank, Bajaj Finance to name a “90% of success goes to what I had few for their year on year recruitment drives in Indore. The institute has also learned in PIMR & it’s not only about the curriculum but the things we did in incorporated E-cell for the entrepreneurship development through our day-to-day activities in PIMR. Every MBA institute teaches you one NEN and financial assistance to thing or the other but whatever I am students through associated banks are today I owe it to Prestige. I learned other initiatives for students. It has extensively worked on development of campaigning, collaboration, the students through training programs coordination, internal marketing and and has helped them get placements at many such things at PIMR which I practically use to today.” national and international level. - Mr. Saurabh Shukla, (MBA, Prestige Institute is also collaborating in various social initiatives like EBatch – 2005) Cluster Business Shakti Abhiyaan with Madhya Pradesh Leader (VP Sales), Yes Bank Ltd.

T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

|39|

RVS IMSR:

Fabricating Students for Industry with Dynamic Learning and Corporate Exposure

The institute aims at advancing the business practices by virtue of empowering managers and leaders to be thoughtful, responsible change agents in the face of a rapid change of business nature RVS Institute of Management Studies & Research was established in 1994 at RVS CAS Campus in Sulur, Coimbatore. The prime aim of the institution is to carve an academic niche in the enterprising and advancing modern domain of Management Studies. The institute has twenty-ﬁve years of robust experience in the Management education. RVS IMSR provides an inspiring academic ambience with a leading-edge infrastructure and eco-friendly campus. The institution strives to build the careers of graduates by providing academic excellence with ample avenues for extra-curricular activities. The RVS Approach to Management Education Grounded in a fundamental-based understanding of how organizations

|42|

function, markets work, and people make decisions, the institute's approach to management education is beyond the standard classroom. Its updated curriculum prepares students with a distinct way of learning and progression in the competitive business world. The institute's vision is to create learned management professionals who has the ability to see connections that surpass accepted wisdom and thereby empower them to have a greater impact. Innovative Curriculum The institute oﬀers specializations in MBA in Applied Finance, Business Analytics, Digital Marketing and Logistics & Supply Chain Management. As RVS IMSR is an autonomous institution, it has the ﬂexibility of designing its own curriculum. The institute believes in a live curriculum wired around the industry. Its extensive business networking fosters practical application of the storing fundamentals.

The Deeply Impactful Leader Dr K. Senthil Ganesh is the Managing Trustee of RVS IMSR. He has vast international exposure in education and professional work and is the beacon light of RVS Group of Institutions. Sharing the credibility of the institution, he asserts, “RVSIMSR enables students to acquire techno-managerial skills, communication skills, self-directed learning skills and the ability to integrate ideas & concepts” Under his guidance, the institution is making rapid strides of progress and is bound to scale new heights. Endowed with the academic acumen, administrative abilities and worthy leadership traits, he is well recognized and admired in the company of educational intelligentsia. His profound passion for the nourishment of quality in the curriculum has earned him a reputation among the stakeholders. He consistently strives for ushering innovations in diverse disciplines in the wake of modern trends.

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

The institute's MBA curriculum takes students from solid foundations into the functional domains of interested areas. After intensive instructions in domains, students move on to the next league i.e. strategic thinking and leading. Consequently, students transform into skilled, new-age management professionals.

to strengthen their ﬁnancial foundations’ understanding. Multiple international certiﬁcations of repute speak volume about the commitment and hard work of these mentors.

Mitigating the Education Challenge – with Active Industry Collaboration As the institute provides current and hands-on MBA experience to Specialized MBA in Applied Finance graduates, it realises that challenges can be mitigated by developing active The curriculum adopted by the collaboration with the industry. These institutions has all the fundamental associations have the fundamentals of concepts of finance from previous business and foundational decades. As industry demands evolve understanding of the underlying frequently, the institutes revised its curriculum. Therefore, the institute set technologies. out to make financial MBA The institute has devised the solutions specializations an applied one. to mitigate the challenges to provide quality and meaningful education. The Choosing the Right Industry to school is establishing the right industry Collaborate: The institution is collaborations. The current curriculum choosing the right industry of the institute is clearly articulating collaborations to deliver meaningful the future industry needs. RVS IMSR value to the students. The institute formed an industry partnership with a is developing rightful pedagogy and is delivering the right balance of financial, education company called technology in its education. FinShiksha. Peeyush Chitlangia, an IIM Calcutta Alumni, founded Words of Trust FinShiksha and co-developed the curriculum with RVS IMSR for applied “My dual specialization in Marketing and Finance made me multi-skilled. finance courses. My time at RVS IMSR shaped me into a product that corporates found readily Course Delivery: With industry partnership, Peeyush also got involved employable. Each session and lesson obtained from IMSR is of tremendous in the content development and in its help in my life.” delivery alongside faculty -Majo Daniel, Finance Executive development. He teaches in innovative AZ Logistics, Dubai block-teaching method to the students. Live projects with mandatory “My academic exposure and internships and case studies internship experiences have been accompany course delivery. extremely rewarding and exciting. Institute Faculty: Faculty is the crucial Today I am well placed in a globally acclaimed organization, thanks to the link ensuring a high quality and rigorous Skill-Based Curriculum & updated curriculum. The institute has Labs I was exposed to.” heavily invested in developing its -Vishak Prabu, Senior Analyst, competence. Faculties are challenged PWC to adapt to the rapid changes. Instructors hold world-class FPD programs and they visit other institutes www.rvsimsr.ac.in

T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

|43|

Sagar Institute of Science and Technology Sculpting Future Leaders The aim of the SISTec-MBA is to develop into a leading institution of business management through excellence in the process to groom and give future leaders to the society and the world, in the era of knowledge economy. SISTec-MBA, School of Management Studies is the most preferred management destination of Central India. It operates with an aim of excellence to create future leaders of the world in this era of knowledge economy. In 2009, Sagar Institute of Science and Technology, School of Management Studies (SISTec-MBA) was incepted with a mission to meet global corporate challenges and avail multiple opportunities. Under the aegis of Sagar Group, the fastest growing conglomerate of Central India with its legacy of over 36 years, SISTec MBA is known today for integrating education with industry and corporate. With its team of well-known philanthropists, academicians and dedicated staﬀ it is committed to impart the best in class of knowledge with blend of practical exposure to create future managers.

|44|

Spectrum of Innovative Courses SISTec School of Management Studies offers MBA in Finance, Banking & Financial Services, Human Resources, Marketing, and Retail Management. It has collaborated with IIM Kolkata for Carpe Diem 2017-18, Make Intern for workshop in Digital Marketing, ICICI Prudential for Stock Mind Workshop and TWG International for International Job Market skills. It also offers ten vocational certifications in – Equity Research, Financial Engineering, Tally ERP, PGC in ECommerce and Certified Digital Marketing Professional from IIEC. SISTec MBA delivers a certificate course in Project Management & Project Finance in collaboration with Management and Strategy Institute, USA to all its students with each student presenting and publishing a research paper in conference or journal. SISTec-MBA offers house training certification courses on Stock Market, Credit Management and Financial Modeling etc. and is known in Central India for 100% placements & paid internships. Its teaching constitutes 20% of university syllabus and 80% of certifications and workshops with a compulsory intern for six months all its students. SISTec is also known for its M. Tech and

About the Director Siddharth Sudhir Agrawal, Director, SISTec always dreamt of being an entrepreneur since his childhood. At an early age, He learnt to spin relationships to meet expectations of his Father. Today, He is the visionary and has set up the most ultra-modern textile unit to evolve Central India’s largest conglomerate business group Sagar Group. He is B Tech. in Civil Engineering from NIT, Bhopal. With his tangential thinking with a 360 degree spin he has evolved Sagar Group as the largest innovative and excellence educational group. His innovative ideas and diversiﬁcation has set new trends in industry. His Mantra for youth is, “To believe in your dream. Involve and trust your people to live in your dream to evolve.” B Tech specializations in Mechanical, Computer Science, Electronics, Electricals, and Civil with SIPTec for its B. Pharma and M. Pharma streams.

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

T R

All-Round Features Located in a lush green campus near Bhopal Airport, SISTec Gandhi Nagar campus oﬀers state-of-the-art infrastructure with full wi-ﬁ campus, well-equipped library of 50,000+ books, 1000+ expert faculties, 1000+ Mess & Hostel capacity, hi-tech computer labs, playgrounds, gymnasium, 100+ bus transport facility, Six lane swimming pool etc. with a dedicated entrepreneurship & placement cell. SISTec provides activity based and case study learning’s with regular interface from guest faculties, experts, professionals from industry and corporate world. Regular monthly economic and social awareness sessions, corporate visits, live projects, events are a part of its curriculum providing immense opportunities to students.

About the Dean

Dr. Abhishek Tripathi is Dean (Academics and Operations) of SISTec MBA. PhD in Finance from Gauhati University, MBA in Finance from International American University, California, MBA in International Business from EIILM University, M.Com from Techno Global University, LLB and is a Certified Accounting Analyst (University of Pennsylvania, USA). He Major Accolades and Achievements is also a Ted Ed certified motivational SISTec has been awarded with: speaker and Ted Ed club leader. Ÿ ‘The Most Innovative College’ in an Twelve of his research papers have All India Survey of 1500+ colleges been published in various national and by Dr. Satyapal Singh, Honorable international journals and designated as Minister of State for Human the reviewer for various journals of Resource & Development, international repute. Government of India and Dr Anil Sahasrabudhe, Chairman, AICTE in “Words of Trust” a National Seminar on ‘Power of “SISTec MBA is a great place to learn Internships’ by internshala.com and grow. It provided me the Ÿ Awarded with ‘AAA’ ratings by atmosphere to groom myself for Career 360 unlimited opportunities with great Ÿ Bagged Zee Tv’s prestigious award facilities & state-of-the-art facilities.” of ‘The Best College of Central Vishal Damwani, Axis Bank, Class of India.’ 2019. Ÿ Prestigious ASSOCHAM Award of “Best Institution which made “SISTec MBA offered me placement significant efforts through with a promise and made me industry Innovation, Science & Technology ready as a professional MBA.” and Traditional Methods” in Sandeep Jarwani, ComDotZone, National Innovation Awards 2018. Class of 2019. Ÿ Bestowed with Excellence Awared for contribution in Education and “Life at SISTec is an adventure full of Industry in Central India by IBC24 bunch of memories to cherish for However SISTec believes, the greatest lifetime. It’s the best place of learning.” achievement is the notable footprints of its students in the world with its rich - Vishal Chouksey, HDFC Bank, Class of 2019. alumni base. www.sistec.ac.in/contact.php

T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

|45|

Importance of

Practical Learning,

Research, and Exposure

in Management Studies T

he failure to practically apply knowledge gained in theory is the biggest fall of the modern education system. The question then arises; are we preparing our millennials for the real world or helping them make their own personal silos of pretentious learning that has no relevance in practice? This gap magniďŹ es more so in management studies and management practices, where applied education is the purpose of the job. Schools and Universities with management courses at Undergraduate, Graduate and PhD levels must detect subjects and skills from their course work that are supplementary to the growth of capabilities and proďŹ ciencies germane to practice. It is this practical exposure during their cloistered years in the University that will eventually beneďŹ t students in their job searches, cracking interviews and success in vocations chosen for life. There has been cited a great divide between theories taught in management schools and exercise in application. Conscientious attempts have been made to bridge these gaps, with curriculum being designed to include direct industry links with learning. Emphasizing too much on pre-determined concepts of systematic education does not

|46|

September | 2018

T H E

N O W L E DEducation. G E RInnovation. E V I Success EW

Educator’s Insights

serve the purpose anymore. It is important to ascertain if what we teach is even enough for entry level positions in the Industry and the real world work culture. As institutes preparing students for a future we cannot be the ones hampering their employability. So how do we deﬁne relevance and parameters to align it with this growing need? We begin with allowing multiple perspectives and do away with rigidness in education. Make coursework pragmatic. We must be open to exploiting novel methods of construing the world. Tailor made courses, having possible electives to enhance existing structures and learning experiences that can contribute to the element of “readiness” of the student.

About the Author Dr. Shubha.A is the Director and Associate professor at School of Commerce, REVA University. She holds post graduate degree in Commerce and Management studies. She also holds Doctorate degree in Commerce. She has more than ﬁfteen years of teaching experience. Dr. Shubha is also the recipient of best teacher award that was instituted by world CSR group in the year 2015. Her keen interest lies in the areas of accounting, ﬁnance and marketing. T H E

N O W L E DEducation. G E RInnovation. E V I Success E W September | 2018

The teaching faculty employed to train them plays a crucial role too. The teacher needs to be a scholar who has him/herself had significant industry exposure and global outlook towards advancement. They establish the links, construct channels of interaction and tread the complex grid between academia and employing organizations. Research has occupied an ambiguous place in management education. Here again the enquiry into if it is “relevant” and then “applicable” takes the center stage. Research is a solitary experience, having given rise to the conflict that has become the focal point of all discourse in academia following the scientific model that escalates discourse or the professional model that has industry application. However it is still the mainstay of all universities. It is also through research that Universities attract funds from the industry which in turn looks at benefiting from the emerging study. Research outputs produced at Universities need to be capable of being implemented in real life management scenarios. Businesses and working management should be able to profit from this transference of knowledge to enrich competitiveness and efficiency. In simple words academic management research must positively influence management practice. Research can no longer function in a vacuum. Students are taking their own informed educational decisions after studying through the history and ratings of the Universities. Research, placement, curriculum design, flexibility and connect with changing times are some important parameters considered when taking admissions. Research in eminent journals and magazines gives Universities better rankings and UniversityIndustry link is an assurance of a better future with hands on training.

|47|