In an exclusive interview with Shiksha.com, the Executive Director of Fortune Institute of International Business (FIIB), Professor Radhika Shrivastava shared various details on how the institute is working on making students industry-ready, changes in the admission process, placements training, upcoming courses and more.
Professor Radhika Shrivastav, Executive Director, FIIB
In an exclusive interview with Shiksha.com, Professor Radhika Shrivastava, Executive Director of Fortune Institute of International Business (FIIB), shared valuable insights on the institute’s strategies to prepare students for the industry, upcoming changes in the admission process, and advancements in placement training. Professor Shrivastava also discussed the introduction of new courses and the institute's proactive approach to adapting to the evolving educational landscape.
The professor talked about how FIIB aims to blend academic rigor with practical experience to produce well-rounded, future-ready business leaders who are equipped to thrive in a dynamic global market. Check out some important excerpts from the interview below:
Q: What are some major skills FIIB works to imbibe in their students to make them industry-ready?
A: At FIIB, we believe in equipping our students with more than just theoretical knowledge. Our innovative “Learning by Doing” approach ensures that graduates are not only well-versed in academic concepts but also possess the practical skills and industry exposure necessary to excel in today’s dynamic business landscape.
Our curriculum is designed to develop well-rounded business professionals. We emphasize critical thinking and problem-solving through interactive case studies, while enhancing communication skills with presentations and group projects. Students gain digital literacy and technical proficiency in key areas such as data analytics and emerging technologies like AI, preparing them for the digital future.
We also prioritize leadership and teamwork by fostering student-led initiatives and collaborative projects. This hands-on experience cultivates the ability to lead and work effectively within diverse teams. A strong emphasis on ethics and social responsibility ensures our students grow into accountable and empathetic leaders.
To bridge the gap between academia and industry, FIIB integrates practical learning experiences like internships, industry interactions, and live projects. These opportunities provide invaluable real-world insights and help our students apply their learning directly to business challenges. This holistic approach ensures that our graduates are not just industry-ready, but are also poised to become the forward-thinking leaders of tomorrow.
Q: Are there any changes in FIIB admission process?
Q: How is the college life at FIIB Delhi?
The college life at FIIB Delhi is great. The infrastructure of the college is quite good with free Wi-Fi with classrooms, a library and a gym. Overall the college is rated 4.1 which is Shiksha overall rating. One of the verified reviewer stated 'All classes and other amenities are very well technically equipped, library, classrooms, and labs are very advanced with any time accessible to very student even during lockdown we have never felt like we are lacking the touch of offline mode.'
Q: Is Fortune Institute of International Business a good college for MBA?
Fortune Institute of International Business (FIIB) is widely recognised for its excellence in MBA education, particularly in terms of strong placements and positive feedback from stakeholders. The institution has consistently demonstrated a commendable track record of placing students in reputable companies. Notably, the average package for graduates has shown significant growth, rising from INR 6.30 LPA to INR 8.2 LPA in recent years, while maintaining a steady median average of INR 5.5 LPA. This underscores FIIB's reputation as a promising choice for MBA aspirants seeking quality education and promising career prospects.
Q: Is it worth pursuing MBA/PGDM at FIIB Delhi?
Based on the feedback from students and alumni, here's a summary of the key points:
Placement Opportunities:
* Almost 100% of students get placed in various industries with attractive salary packages (average range: INR6-8 LPA)
* Top recruiting companies include Asian Paints, MRF Tires, Naukri.com, Wipro, and many more
* Average salary package offered varies between INR6-7 LPA, with the highest being INR18 LPA
Faculty and Curriculum:
* Highly qualified and experienced faculty members with strong industry connections
* Industry-oriented curriculum with regular updates to reflect current industry trends
* Emphasis on practical learning, case studies, and hands-on experience
Infrastructure and Facilities:
* Fully air-conditioned and Wi-Fi enabled campus
* Spacious classrooms, library, and computer labs
* Canteen serving good quality food
Campus Life and Extracurricular Activities:
* Vibrant campus life with regular cultural events, sports competitions, and club activities
* Excellent opportunities for personal growth and networking
Challenges:
* Some students reported issues with the online learning platform during the COVID-19 pandemic
* Limited hostel facilities, but plenty of options available nearby
Overall, FIIB Delhi appears to be a reputable institution offering a solid education in management, with strong placement prospects and a supportive faculty. While some students faced challenges during the pandemic, the majority seem to have had a positive experience.
A: While there haven't been any major changes to our admissions process, FIIB continually evolves its criteria to align with the changing demands of the market. We seek candidates who demonstrate a strong academic foundation, exceptional leadership potential, and a burning desire to excel in the business world.
Our selection process is meticulously designed to identify individuals who possess not only the intellectual capacity but also the character and drive to thrive in our dynamic learning environment. We evaluate applicants through a rigorous process that includes written ability tests, group discussions, and personal interviews.
By assessing candidates' critical thinking, communication, and problem-solving skills, we aim to create a cohort of well-rounded individuals ready to make a significant impact in the business world. This holistic approach ensures that we select students who are not only academically capable but also equipped with the soft skills necessary for success in today’s competitive landscape.
Q: Does FIIB train students for placements?
A: Absolutely! At FIIB, career development is our primary objective. We focus on both short-term placements and long-term career growth through a well-designed and comprehensive approach. Employability is at the core of our curriculum, ensuring that our students are equipped with the technical, behavioral, and professional skills needed to thrive in any industry.
Our skill-focused curriculum combines practical training and theoretical knowledge, covering the demands of every domain and profile. This includes enriching real-world experiences through the Corporate Internship Program (CIP), Social Internship Program (SIP), HR Round Table, and employability fests like SANKALP. Additionally, guest sessions through VFTT and projects like the Master Research Dissertation (MRD) further enhance our students' employability, making them well-rounded and industry-ready professionals.
In addition to industry specific skills, we emphasize the skills that modern recruiters value most: enthusiasm, confidence, and corporate behavioral skills. Our training focuses on developing analytical abilities, a global mindset, and contemporary business acumen. We include modules on time management, ethics, sustainability, emotional intelligence, and responsible leadership. To prepare students thoroughly, we conduct aptitude screenings, mock group discussions, and personal interviews.
Our Faculty-Student Mentoring program offers personalized guidance, while diverse extracurricular activities like team-building exercises and leadership workshops ensure holistic development. Beyond textbooks, FIIB cultivates holistic development to nurture well-rounded professionals ready to excel in any industry.
Q: Many top management institutions are launching various programmes for working professionals. Is your institute also planning to follow the same footsteps?
A: Absolutely! We’ve been at the forefront of this approach since 2015 through our Center for Executive Education (FIIB-CEE). In a world where businesses face rapid disruptions, investing in employee training and upskilling has become crucial for organizational growth and success.
Our programs are tailored to address these evolving needs by focusing on a skills-based culture that bridges the skill gap and accelerates business development. With technologies like AI, blockchain, and machine learning transforming industries, our executive education is designed to be both practical and forward-thinking. And we don’t just stick to a one-size-fits-all model; in addition to our predetermined modules, we also provide customized, tailor-made programs that address specific challenges and goals.
Q: What are some unique and popular courses in FIIB’s bucket?
A: FIIB offers a diverse range of programs tailored to meet the evolving needs of the business world. Our flagship Post Graduate Diploma in Management (PGDM) provides a thorough grounding in management principles and practices, while the specialized PGDM in Financial Management (PGDM FM) focuses on developing expertise in finance. The unique point is, these courses integrate concepts of sustainability and social responsibility, encouraging students to develop solutions that are not only effective but also ethically and environmentally sound.
Additionally, we offer doctoral programs, both part-time and full-time, designed for professionals and academics aiming to contribute to management research.
One of our standout offerings is the Executive Fellow Program in Management (EFPM). Launched as one of the first of its kind in India, the EFPM is distinguished by its blend of flexibility and high-quality instruction. It’s designed specifically for senior executives seeking to advance their leadership capabilities and strategic insight without disrupting their professional commitments.
Our Executive Development Programs (EDP) cater to working professionals who wish to enhance their skills in targeted business areas, all while emphasizing sustainable practices. Each of our programs is crafted to not only meet current industry demands but also to anticipate future business needs, ensuring our graduates are always ahead of the curve.
Q: AI is taking over the design industry aggressively. Is FIIB planning to introduce AI learning with respect to management education?
A: AI is indeed revolutionizing various industries, and management education is no exception. At FIIB, we fully recognize the transformative power of AI and are committed to embedding it into our curriculum.
Our programs already incorporate AI-focused content, emphasizing how these technologies can drive strategic decision-making, enhance operational efficiency, and uncover new business opportunities. For example, our core courses integrate data analytics, while specialized modules explore how AI can be applied in market analysis, predictive modeling, and customer insights.
We continually update our curriculum to reflect the latest AI applications and tools relevant to management. Through collaborations, such as with SETU for certificate courses in data science and AI, we provide targeted training for our students. Additionally, our Integrated Support Strategy includes tools like Digii, which simplifies the learning process for our students.
By equipping our students with both theoretical knowledge and practical skills in AI, we prepare them to excel in a tech-driven business world, ensuring they are well-positioned to lead and innovate.
Q: Are there any scholarships offered that can benefit candidates for higher education?
A: At FIIB, we believe that financial barriers shouldn't impede access to education. Our FIIB Scholarships - Tuition Assistance Programme (TAP) offers support based on various criteria including academic qualifications, competitive exam scores, relevant work experience, particularly with registered NGOs or non-profits, and special category status focusing on diversity and inclusiveness. These scholarships are designed to help deserving students achieve their educational and career goals without financial constraints.
Additionally, we offer impressive stipends for our doctoral scholars to support their advanced research. Our aim is to make sure that financial concerns don’t stand in the way of pursuing higher education and achieving one’s goals.
Our aim is to deepen our connections with industry leaders, academic institutions, and global organizations. We seek to promote innovative research, facilitate knowledge exchange, and offer enriched learning experiences. By building these partnerships, we strive to drive academic excellence and create opportunities for real-world application, ensuring mutual growth and success for all.
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