I'm Surabhi,student of the current batch 2014-16 from LBSIM. To give you a glimpse of my background, I've graduated from NMIMS, Mumbai with BBA and post that have a work experience with a marketing company as a client servicing professional.
My journey for LBSIM started, when i had to take the tough decision of choosing the right Bschool for myself.. While I was anxious about Bschool choices, but I was lucky to have a few seniors help me on figuring out my bschool. The first thing in mind was ROI, as I felt that I did not want to burden myself with an education loan for the rest of my life, LBSIM ranks on the lower fees amongst the colleges of the same league with respect to fees from other bschools. If I look at the overall exposure and experience one must receive in a Bschool, I believe I have gauged more from the opportunities around than students from even the best of bschool, right from grooming my personality by participating in Debating in top bschool competition to Dramatics, to building my managerial skills by organizing various events at intra and inter college level. I got a great corporate experience by working simultaneously on Live projects and aligning my review on which stream I want to pursue and get into. Talking about my internship I was placed with RPG group's ITES company First source, on my way to further learn and pursue my dream.
Having studied in bschools during my graduation and now post graduation, my biggest learning is there are various opportunities around, its how you make the best of them to build your personality. LBSIM gives you immense opportunities to work towards the same through its extra curricular activities, management events, live projects and various conferences held in the institute. Its on you to Grab the right opportunity and make the best out of them.
Thus, while, it is important for one to prepare our mind frame that are we really ready for the drastic change of lifestyle and in turn the rigorous competition in the corporate world, its that step of entering a Bschool!
The inaugural session of the National Level HR Conference, held at LBSIM, was an event to remember. Faculty members, LBSIM and Shri TK Srirang, Senior General Manager & Head - HR, ICICI Bank Ltd, shared their valuable insights and rich learning experiences with the students. Mrs. Rashmi, Conference Convener, talked about the need of organizations to innovate and re innovate in order to achieve success in this era of technology and cut throat competition. She emphasized on being unconventional and thinking outside the box, coming up with new ideas and methodologies. Shri TK Srirang talked about the co-existence of HR and business, how HR cannot be discussed without discussing business. HR is business and business is HR. With the advent of technology, the scenario has transformed, making the process of learning and relearning quicker than ever before. Mr. Anil Shastri, Chairman, Board of Governors, LBSIM , focused on the need for adaptivity in order to cope with the rapidly occurring changes in the world. Mindset of people has changed, as compared to that of previous generations. Younger generation consists of people with fresh and blooming minds, in sync with the ever changing world of business. Dr. GL Sharma, Advisor, Corporate Interface emphasized on creating employment. He talked about the inadequacy of demand as compared to the supply of the talent market. Right people not only do the job they are assigned to do, but they also go the extra mile and prove to be an asset for the organization. The need of the hour is to bring equality in society.
Start-up Connect 1.0: Everything You Need to Know About Running a Start-up
Are you an entrepreneur? Do you own a start-up? Would you like to know more about how and what to do? Read on!
Start-ups India along with Lal Bahadur Shastri Institute of Management, New Delhi are hosting Start-up Connect 1.0 that will acquaint you with everything you need to do about running a company/business. A whole day packed with guidance on how to start and build to planning your business idea and fundraising and more, you have everything. More, learn straight from the eminent and successful entrepreneurs who have a lot to share and offer their wisdom.
Here is the list of the speakers:
1. Saurabh Kochhar- CEO, Foodpanda India
2. Sameer Grover- CEO, Crown It
3. Sahil Jain- Co-founder, Dineout
4. Sandro Stephen- Indian Angel Network
5. Vikram Upadhyaya- GHV Accelerator
6. Ritesh Malik- Founder, Thinkpot
7. Sai Sushanth- Cyber Law Expert
Date: 24 October 2015
Venue: Lal Bahadur Shastri Institute of Management, New Delhi (Next to Sector 11 Dwarka Metro
Station)
Lal Bahadur Shastri Institute of
Management, New Delhi a premier institute of Management and Information
Technology Education was established by the Lal Bahadur Shastri Educational
Trust in 1995. It has emerged today as one of the top business schools in the
country. It takes pride in being one of the foremost institutes in providing
value based management education, thus developing professionals with a humane
and pragmatic approach on the march towards corporate excellence. The institute
has state of the art infrastructure and a fully air conditioned building in
Dwarka.
Lal Bahadur Shastri Institute of Management in the
year 2008 launched a highly innovative and rigorous two year full time
programme in finance to fulfill the need of trained financial analysts and
consultants in the country.
This
programme aims to provide a rigorous treatment of the theories of corporate
finance, financial decision-making, financial analysis, risk management, and
financial markets and institutions together with related econometric and
mathematical techniques. It allows students whose career choices lie in the
financial sector to develop their analytical skills and acquire a body of
knowledge, which is relevant to a financial services career, and be exposed to
the frontiers of the subject.
The
main objective of the programme is to equip students with the requisite
knowledge and skills in financial planning, decision-making, and control along
with equipping them with the necessary analytic knowledge necessary for
creation of innovative financial instruments. Specifically, the course is
targeted at:
Familiarizing with the
financial system and regulatory framework in financial decision making
process.
Providing an insight into the
nature of accounting information and the techniques to financial
reporting, planning, and control developing understanding of equity
research and risk management.
Managing global financial
services management and marketing thereof.
Developing an advanced level of
financial innovation for risk management.
The
programme shall commence with a one week orientation programme, which serves as
a catalyst to identify and bridge learning gaps of students having diverse
academic background.
Two
Year Full-Time Post Graduate Diploma in Management-Finance consists of six
trimesters. The course structure has been designed to ensure that the
management graduates of LBSIM are equipped with financial management skills in
addition to general management skills, so as to be in a position to take up
specialists positions in finance and accounting.
In
the three trimesters during the first year, the focus is primarily on building
the foundation of conceptual and analytical skills required for more
specialized advanced courses in finance to be pursued in the second year of the
programme.
The
students have to take 22 courses along with Personal and Interpersonal
Effectiveness Lab and Summer Training during the year. There is a specialized
Finance lab in collaboration with Bloomberg where students can access live data
and information on financial markets worldwide.
The
institute also set a Business Analytics lab in association with IBM under an
MoU to help build knowledge and skills on latest analytical tools for business
application.
In
the second year, during the fourth, fifth, and sixth trimesters, the students
have to opt for 6 electives in addition to the 9 core compulsory courses. This
enables the students to pursue in-depth learning in the area of their
specialization. The electives cover a variety of upcoming areas. Besides, each
student undertakes a project study under the guidance of a faculty member with
the aim of studying a business problem or a situation to gain an insight into
actual corporate realities. The project study is taking up by the students at
the beginning of the fourth trimester and the final submission is at the end of
the fifth trimester.
The
placements for this programme for the batch of 2015 were excellent with
companies such as Deloitte, Ernst & Young, KPMG, Kotak Mahindra Bank,
Trident etc. picking up the graduates at an average salary of over 10 lakhs per
annum.
With
economy seeing signs of improvement, LBSIM hopes to keep nurturing its graduates
for a bright future in the corporate world with world class financial education.
Management
education in India has come of age. Education imparted at prominent business
schools in India endorses this view to a great extent by providing quality
teaching which is evident from the fact that many Indians are holding numero
uno positions in prominent MNCs in the world such as Pepsi Co, Microsoft,
Google, etc. At the same time it is also possible to argue that these people
rose to such prominence not because of the complete teaching that they received
from the management education here, but due to their hard work, commitment,
desire to do well, and mission and vision. What magic worked behind this great
success is not possible to decipher always, but can be understood that a
combination of class room teaching with the factors mentioned must have played
a pivotal role behind this gargantuan success. A large number of such Indian
leaders are currently shaping up the Corporate America whose reach seems to be seamless.
India
is increasingly becoming relevant in the global business space and promises to
occupy such space for a reasonable period of time. As fulcrum of current world
economy largely balances on the prospect of knowledge based economy, Indian
economy and mangers will be able to deliver qualitatively and quantitatively
better due to their first mover advantage in such sectors as R & D,
pharmaceutical, financial, insurance, legal services, IT, etc. These sectors
greatly depended on a judicious mix of technology and ideas where Indian
managers excelled immensely. This is where Indian management education should
focus on and build on further to take the lead in the global market.
This
dimension of management education needs a constant and evolving combination of
theory and practice. Somehow the teaching in management education in India is
not practical-industry driven. Management education otherwise globally is
industry-driven where interaction with industry forms a core component of the
syllabus. Therefore training through industry rigor and experience should add
more value to the grooming of these mangers at Business schools. What is
noticeable are certain faulty policies and gaps in the system that in a way
restrains the true value of education. It is necessary and called for to make
it more holistic in nature. It is therefore imperative to highlight these
problems.
First
major gap is noticed in the form of serious non-interaction between industry
and teaching at business school. This relevance gap is understood to be the lack
of understanding between what the needs of the industry (corporate clients) are
and what the B-schools deliver. That is because the interaction between the two
is mostly seasonal; in the sense when the placement seasons approach
interaction between them get overactive. And, this is purely from job-seeking
point view; nothing really to do with improvement in teaching or charting out a
path for making the curricula more industry-driven or seeking future
engagements at regular interval.
Secondly
the courses taught such as OB, HR, Marketing, Finance, IT, CSR and Strategy at
most of the Business schools are functional in nature. For which industry
experience is the key and this needs to be combined with the teaching in the
class immensely. Now it's not always easy to rope in industry leaders to
provide their practical experience in the class. Though many of them would like
to take up a full time employment in the business school they face many
restrictions especially in the emoluments front as well as with their freedom.
This
delivery gap is a major problem in India as a result the improvement that can come
from such a marriage between industry experience and class room teaching always
remains unachievable.
Thirdly
in most of the country's best business schools, active participation of Indian
trade and industry in terms of enriching quality education, designing of course
curricula and delivering important knowledge to the student mass is completely
missing. As a result it becomes difficult for the Business school to understand
and include what really the industry wants.
Lastly
the educational system that is followed hardly provides any time to the
students as well as to the faculty to conduct any research or develop adequate
knowledge in their domain areas. Students are absolutely hard pressed for time
as the trimester system just run through the year without providing any
adequate break in time. Faculty need sufficient time as well as funding from
different sources to conduct research and consultancy which provides a lot of
succor to class room teaching as teaching and research reinforces each other.
It's
time that the Government as well as
private Business schools indulge in constructive and innovative policy making
that makes Indian management education more advanced, industry driven, globally
integrated and quality oriented. These policy gaps will be an enabler for
B-schools to reduce the relevance and delivery gap.
Countries
such as the US, Canada, the UK, Netherlands, Singapore, etc. have well-laid-out
policies for MBA education and constantly improve on relevance and delivery. The
World Economic Forum, which measures the Global Competitiveness Index, is using
quality of a country's B-schools as a variable. In its Knowledge Assessment
Methodology (KAM), the World Bank has also used it as a tool to help nations
transit to a knowledge-based economy. The Global Business School Network, which
operates as a World Bank arm, encourages B-schools to enhance future leaders'
access to high-quality management education.
I strongly
believe that the MBA program is self-driven. While the program may have lots to
offer in terms of peer learning, live projects, summer internship programs,
cross -functional exposure and deeper
functional understanding, much depends on the individual undertaking the
program.
Learning in an MBA
course is much more practice-oriented with case based teaching, in class
discussions, role plays, videos, simulations and projects etc., it happens both
inside and outside the classroom. Students essentially work in teams on group
assignments and hence learn a lot through each other too. The summer internship is a very unique and
enriching component of the program wherein students go and intern with
organizations to see how the various concepts and theories apply in the real
world. I feel summer internship is an inflection point in the life of an MBA,
from where he/she starts to get greater clarity as to what the market is all
about, the learning starts to get much more experiential and rich.
Attitude and
approach count a lot in the pursuit of such a vocational degree and this is
what the hiring organizations also look for in a potential recruit. A sense of
purpose, clarity of thoughts, perseverance amidst stress and failure, passion
and energy, competitive spirit and the ability to push yourself really counts
throughout the program. If done with the right attitude and zeal, the program
has opportunities galore and can serve as a launch-pad for people aspiring for
careers in the management field. An MBA program has broad applicability - all
sorts of businesses need management, be it entrepreneurial ventures or
established businesses.
Saturday, the 24th of October
2015 saw LBSIM quite literally ushering in a quiet revolution with the hosting
of Startup Connect 1.0. The hall packed with entrepreneurs both current and
aspiring and students from different colleges was more like a pot brimming with
questions and ideas. And why not? Who would want to miss the delightful and
rewarding opportunity of interacting with the likes of Mr Saurabh Kochhar, the
CEO of Foodpanda and Mr Sameer Grover, the CEO of Crown It to name a few.
The day began with Mr Sameer Grover, CEO of CrownIt initiating a discussion on
"An Indian in Every Chip: Get Set Go". He shared with the audience his
experience of having had a perfect job in the States, but then leaving it all
to come back to India and starting something of his own. One of the things he
kept emphasising on was that there is no alternative to hard work, especially
when one is getting into building his own start up. "The one thing that one
loses on becoming an entrepreneur is not the salary, but the sleep!" he said
accentuating the point that work is play and play is work. The audience had
questions galore and he patiently answered each question gladly. He was
followed by Ms Rajeshwari Hariharan from Rajeshwari and Associates and Mr Sai
Sushan, a cyber law expert who dealt with the legal angle of things. They
enlightened the audience about the Intellectual Property guidelines and what
all an entrepreneur can do and should do to safeguard his idea and business.
Mr Sahil Jain, co-founder of DineOut and Mr Vikram Upadhyay, Chief Mentor of
GHV Accelerator then engaged with the audience on "Evaluating a Business Idea".
Mr Jain focussed on the fact that your idea will work depending on whether you
are solving a problem, if yes, the degree of uniqueness of your solution and
are people willing to pay for your solution. Mr Upadhyay, answered questions on
how one should approach an investor for funding and what are the criteria an
investor bases his decision of funding on. One of the most important things
that make a difference is the team of the startup. The investors would want to
see whether you have a team that can be moulded or not and whether your team is
really passionate about the idea you've come up with.
Following a session of High Tea was the
cherry on the cake when the dias was graced by Mr Saurabh Kochhar of Fodpanda
fame and Mr Sandro Stephen from the Indian Angel Network. They took up a
technical session which was aimed at the nuances behind raising funds for
start-ups. Mr Kochhar cleared in the very beginning a widely prevailing
misconception that business is NOT for fundraising, but for addressing core
problems. He explained that one's approach to meetings with investors is
imperative and makes all the difference. One has to show the maturity of
understanding the gap and the ecosystem. A life saving hack he gave to budding
entrepreneurs here was that they must go for at least 2-3 meetings with
different investors before having a meeting with the investor they really have
their eyes set on, so that they're well prepared with all potential questions
and their answers. He reinstated the fact that the team is everything reasoning
that it is only the team that remains constant in the business environment, so
one needs to choose one's team wisely. One of the key points Mr Sandro Stephen
made during his interaction was that one should approach investors for funds at
a slightly developed stage of the project. This is because the investor would
generally ask such questions regarding the project which would require some
amount of execution of the project for answering.
The conference aimed at clearing the clouds of doubts floating in a lot of
people's minds and indeed it did. Questions put up by the audience were
unending, and each query was dealt with till the questioner was satisfied.
Startup Connect 1.0 was undeniably successful ushering in a quiet revolution in
the minds of the audience.
With the fast pace of growth of the Indian Economy, Lal Bahadur Shastri Institute of Management(LBSIM),Delhi has seen a boom in the placement season this year in terms of packages as well providing desired profiles to match students expectations. The core strength of the Institute is Finance, Consulting & Strategy. In view of this, all major Research & Consulting firms in the country have visited for campus placements and have offered lucrative profile. Top notch MNC's such as Deloitte, KPMG, EY, PWC, CBRE, DE Shaw and its new venture Arcesium along with other well-known Indian companies like Asian Paints, Marsh India, JLT Independent and SBI Life Insurance competed to pick-up the best talent in the Institute. Moreover, companies such as Axis Risk Consulting, Birla Sunlife Insurance, Grofers, CavinKare, Aircel, DCB Bank and Janlakshmi Financial Services were also in fray for recruitments. Software companies such as Infosys, TCS, Wipro and Newgen Technologies have also recruited in good numbers from the institute.
The average package has jumped to 8.5 lakhs per annum with the highest being 16.50 lakhs per annum so far offered by a Finance sector giant.
Prof. Arya Kumar, Director, LBSIM stated that Emerging Indian Economy in the global markets is attracting new investment in manufacturing and other sectors which has resulted in providing for better opportunities to management graduates from the Institute this year.
LBSIM continues its journey towards excellence while ensuring adherence to Shastrivian values. It stands apart from other competing B-schools as a centre of excellence which is also responsive to societal needs while providing its students best of management education and industry exposure.
Winner of Annual Dishank Competition held by the different clubs at LBSIM. LBSIM has many academic and non-academic clubs conducting intra and inter college competitions to bring out the best of the students across different domains.
The Dishank Competition is one of the best platform for First Year students to showcase their knowledge and skills in the field of Marketing, Finance, Operations, HR and Entrepreneurial abilities
Lal Bahadur Shastri Institute of Management, New Delhi announces the
National Summit 2016 on 'E-commerce: Opportunities and Challenges' to be
held on January 15 & 16, 2016 at LBSIM, Dwarka Campus, New Delhi.
As per the industry estimates, Indian market for e-commerce has grown
four-fold from around USD 4 billion in 2010 to USD 16 billion in 2015.
Recent valuations of the leading e-commerce players in India are a
testimony to the potential of this sector and no business wants to miss this attractive opportunity.
However, it is not without its own challenges. The high cost of holding
inventories, poor road connectivity, unreliable transport
infrastructure, inadequate cold-chain facilities, preference for
cash-on-delivery orders are the obvious problem areas relating to supply
chain logistics. Then there are customer mindset aspects, internet
security concerns, legal/commercial issues and taxation complexities for
different business models, all acting as challenges to investments in
the sector.
The Summit aims to bring together the experts from
Industry and the academia, to assess e-commerce market in India and
discuss opportunities and challenges of the sector.
Internet and mobiles phones, by providing an electronic medium for commerce, have redefined the retailing landscape across the world. India has been no exception to the new ways of transacting business and has witnessed an unprecedented growth of e-Commerce/m-Commerce sector in the past few years. Whether it is booking tickets for travel or entertainment; purchasing grocery, apparels or electronic goods; selling of old vehicles or used furniture; auctioning of coal blocks or airwaves; irrespective of whether it is buying for or selling to businesses or to consumers, e-commerce seems to have a role in the transaction.
A rapidly growing base of internet users with 75% of them in the age group of 15 to 35 years, rising aspirations of the young Indian and the impact of peer pressure, along with induction of 3G/4G technologies, growing adoption of user-friendly smart phones and Digital India vision of the government are all driving the growth of e-Commerce in India.
Lal Bahadur Shastri Institute of Management, New Delhi announces the National Summit 2016 on 'E-commerce: Opportunities and Challenges' to be held on January 15 & 16, 2016 at LBSIM, Dwarka Campus, New Delhi.
Market has grown four-fold in the past five years. Will the market
continue to grow at the same rate in the next five years? How are other
markets in the world performing? What are the growth drivers and
barriers? Will the global players be able to establish their foothold
here or we would have our own Amazons and Alibabas? This session will
see the speakers analyze various aspects of business and present the
trends and prospects of India's e-commerce sector.
January 16, Saturday (10:00 am ~ 12:30 pm) - Technical Session 1: E-Commerce - Marketing and Operations
Do marketers see e-commerce as an opportunity to reduce the role of
intermediaries? Or it is just re-intermediation? Are the leading brands
selling significant volumes via ecommerce channels? Are the sellers
promoting e-channels? How do they manage the back-end operations for
accepting and fulfilling orders? Is dynamic pricing leading to better
realizations? Has e-commerce helped the sellers bring down their
finished goods inventory?
Do buyers prefer e-channels over the
traditional brick and mortar retailer in the neighborhood? Do buyers
consider website reputation, product range, pricing, delivery
commitment, past experience, security mechanism and payment options etc.
as factors for choosing e-commerce option? Do government/private
organizations find e-procurement useful? Are e-auctions likely to become
a routine for government purchases?
This session looks at the marketing and the operations perspective of e-commerce.
In contrast to the time and efforts required for building a strong
distribution network, many start-ups believe that an e-commerce portal
is simple to set-up and easy to operate. But that is far from being
true. Setting up an e-commerce business requires a robust and reliable
IT infrastructure with network isolation, server redundancy, payment
gateways, security compliance etc. and operations involve managing
cross-border issues and cross-functional challenges relating to warranty
on goods sold, modes of payment like COD and m-wallets and incidence of
taxation. This session identifies and discusses the technical and
commercial issues relevant to e-commerce start-ups.
Chief Guest, Dr. Gautam Sinha, Director IIM Kashipur paying homage to Late Shri Lal Bahadur Shastri ji at National Summit 2016 E-Commerce: Opportunities and Challenges
Keynote Speaker, Shri Pawan K. Jain, Chairman, Safexpress Pvt. Ltd., paying homage to Late Shri. Lal Bahadur Shastri ji at National Summit 2016 on E-Commerce: Opportunities & Challenges
