According to a study by ASSOCHAM, except a few premier institutions, most of 5,500 B-Schools in the country are producing sub-par graduates who are largely unemployable and only 7 percent of the graduates are actually employable in India. The primary reasons for this outcome can be the lack of skills and institutions failing to adapt to the current industry trends. Listening to the call of solving these prevailing issues, recipient of the Gem of India Award,R.K Shrivastava founded Fortune Institute of International Business (FIIB) in 1995.
Located in the heart of South Delhi, the institution stands proudly to fulfill all the basic requirements of the students with its state-of-art infrastructure. "Through a sublime learning environment and reward oriented teaching, we are keen to beat the obstacles existing in the education system and set an example by producing graduates who not only hold degrees, but also are enshrined with skills and qualities, which are rare in other B-School graduates," says Radhika Shrivastava, Executive Director, FIIB. Offering a two-year PGDM course, which is equivalent to MBA, the institution is ensuring individual attention to each student by an excellent team of faculty members. "We have recently added courses in Business Analytics and Digital Marketing to match up with the new trends of management studies," adds Shrivastava.
Where most of the B-Schools have included entrepreneurship clubs in their premises, FIIB has denied to follow the conventional path and created 'Meraki' in 2012.
The course is designed in a manner where the students are motivated to think independently and develop a self-study habit where they can grasp the most what is taught in the classrooms. The experienced faculty members combine experiential learning modules, future-focused coursework and real-time industry-adapted curriculum to help the students grow productively. Added to this, the 12-week summer internship, a two-week consulting assignment with an NGO and a minimum of two live projects guarantee the 360-degree development of the future professionals.
"We aspire to launch our students into the business world with impactful credentials. They are well trained about the business tactics through which they can tackle the upcoming challenges of the organization they are working on," shares Shrivastava. The institution organizes many co-curricular activities where the students avail the opportunity to interact with hundreds of industry leaders and gain their visions and take on the modern management industry.
Endorsing the Spirit of Entrepreneurship
The role of entrepreneurship in today's Management program is undeniable. A considerable number of students step forward to start their own venture right after the completion of their management programme. Where most of the B-Schools have included entrepreneurship clubs in their premises, FIIB has denied to follow the conventional path and created 'Meraki' in 2012. Meraki is a pan-Asia business plan competition for aspiring entrepreneurs where their ideas gain exposure in front of leading angel and venture capital investors.
"Over the years Meraki has emerged as a fruitful sphere for our students and the students from all over the country as well. Organized and conducted by our Entrepreneurship Development Center, this competition has seen 600 percent growth rate throughout its six years of existence," claims Shrivastava.
Along with Meraki,keeping in mind the importance of research and innovation in entrepreneurship, FIIB has also established FIIB Research Centre where a management Journal named 'FIIB Business Review (FBR)' is published quarterly, encouraging students, teachers and academicians from all overthe country to carry research activities and disseminate knowledge among each other. With a strong foundation of basic knowledge in compile with in-depth research insights, the students of FIIB are no doubt going to touch heights which are incomparable.
Enhancing the Employability Quotient
Traditionally estimated as the best career option available to the students, management education is often cited as the sword that cuts shorts the ladder of success. While this phenomenon continues to a major source of inspiration for MBA aspirants, today's students have started looking for an underwritten job surety. FIIBthat holds a dignified legacy of more than 20 years has been capable of associating with organizations like Walton College of Business (USA), Burgundy School of Business (France), UniGlobe College (Nepal), Wadhwani Foundation and PHDCCI, just to name a few.
"We undertake annual student exchange programs and joint sessions with Sam Walton College of Business, University of Arkansas (USA) and University of Tampere (Finland) to provide our students a global standard management education, which finally acts as an asset on their resume," opines Shrivastava.
With an excellent placement track record, industry exposure for students and following a course curriculum as per the global standards,FIIB has been able to sustain its place in the rank of top-30 private business school across the country.
Radhika Shrivastava, Executive Director
Radhika Shrivastava is the Executive Director at FIIB. She holds Bachelor in Mechanical Engineering from Tufts University USA, and a PGDBM from the Indian Institute of Management, Bangalore. During her professional career spanning 18 years, she has worked with major global firms, before taking over FIIB's reins. She started her career with Deloitte Consulting in Philadelphia, and later worked with the International Finance Corporation in Washington DC as an investment professional.