Wednesday, May 20, 2009

First India: New initiative for Affordable Management Education for all

First India: New initiative for Affordable Management Education for all

Annamalai University has a partner in North India


The prestigious Annamalai University, arguably the largest in the world finally has a partner in North India for management programmes. The prestigious university signed a MOU with First India School of Business, Gurgaon for BBA and MBA programs to be provided from the Academic year 2008-09 at the Business School at Gurgaon. This is the first time the university is partnering with any Business School in North India for MBA/ BBA level programs.
This is a unique opportunity for students of the region and acquire UGC recognised and Govt. Of India approved management education.
Dr. M. Rathinasabapathi, Registrar Annamalai University and Mr. Kamlesh Vyas, Director, First India School of Business signed the MOU at the university on May 18, 2009. Dr. S B Nageswara Rao, Director and Dr. M. Ramanathan, Vice Chancellor of Annamalai University were also present on the occasion.
The Annamalai University, founded in 1929, is today one of the largest of its kind in the world with 49 Departments, over 2500 faculty members, a campus spread over 1000 acres, over 30,000 students and presence in several countries including Singapore, Canada, Malaysia and Thailand. The programmes of the university are recognised by the Ministry of HRD, Govt. Of India under the UGC Act.
First India School of Business (www.fisb.in) is an initiative of IIM- XLRI alumni, industrialists, managing directors and senior professors with an objective of providing world class management education at affordable cost to the students. The governing board of the institute is headed by Mr. A. R. Kohli, former Governor, Mizoram. Based in the corporate hub of Gurgaon, the institute has eminent international faculty members and has a industry integrated and international exposure based curriculum.

First India: New initiative for Affordable Management Education for all


Why are MBA institutes producing glorified clerks? How many organisation builders like Dhiru Bhai Ambani and Bill Gates are our B-schools producing today? Why is there more business and less school in a business schools today?
These were the questions that prompted alumni of XLRI & IIMs, industrialists, senior professors and Government officials to get together and find answers.
Two years later, their collective thinking resulted in the launch of First India school of Business (www.fisb.in) in Gurgaon. A business school which is not a business. Where, management education is combined with modules on Spoken English, Communication skills, personality building, character building and technology orientation. Here, many of the faculty members are from Europe and America and every MBA student is required to undertake a free tour to Europe. From the very first day, the students will take their notes on their laptops which are provided free of cost to them.
Here the students from rural areas will not be inhibited and left behind because even though the Classes have not begun, they are participating in preparatory sessions.
The institute has created corporate tie-ups for internships and jobs for its students. The biggest surprise for aspiring students comes from the fact that such an education and career building opportunity is being provided to them at a fee which is very affordable even for a middle class family.
This fresh initiative has come as a blessing for the parents and students of the region. It remains to be seen how many students will be able to find admission in this innovative business school and how many First Indians will the institute give to our country providing ‘local’ global leaders.
First India School of Business, Gurgaon offers full time and part time BBA and MBA programs in partnership with Annamalai University, the largest university in the world and the business school is the only partner of the prestigious university for management programmes in North India.

Significant Emerging Trends in Management Education- First India School of Business Governing Board


An MBA student today has a very different experience compared to those who graduated a decade back or even a few years back. “The MBA curriculum has become more practical and has greater industry linkages & share of teaching from practicing managers today than in our times”, says Mr. A R Kohli, who completed his education from the prestigious IIM Calcutta as its first batch student. Agrees Mr. J K Sharma industrialist and CEO of Eez group of companies and a graduate of IIM Calcutta’s second batch, “There is now a greater focus on preparing managers for international careers including student -exchange programs with universities abroad and inputs on cross cultural management”. Even graduates from later years from leading business schools feel the difference. According to Kamlesh Vyas, an alumnus of XLRI, “We are seeing emergence of sectoral MBA programmes in retail, telecom, BPO and hospitality sectors. There is also a trend towards executives using an MBA course as a mid-career boost and a move towards dual specialisation so that if the students later discover a change of fit with one course or the vagaries of business make one area less wanted, the student has an alternative”.

The trends are universal. “There is a greater focus with constant revision in curriculum to remain contemporary and industry aligned”, says Professor. Anu Wadhwa from Swiss Federal Institute, Lausane. “There is greater use of teaching methods like case studies and role plays”, says professor Atmanand.

These thoughts were recently presented by the international educationists and board members of First India School of business, Mr. AR Kohi, former governor Mizoram, Mr. JK Sharma, Mr. Kamlesh Vyas, Dr. Anu Wadhwa and professor Atmanand at the inauguration of the Gurgaon institute. Mr. Kohli, chairman of the board also inaugurated its website www.fisb.in.

First India School of Business, Gurgaon offers full time and part time BBA and MBA programs in partnership with Annamalai University, the largest university in the world and the business school is the only partner of the prestigious university for management programmes in North India.