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BW Businessworld

Capital Gains

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The year 2011-12 was a watershed for the International Management Institute, Delhi. Pritam Singh took charge as director general in April 2011 and like his previous stints at MDI Gurgaon and IIM Lucknow, he began turning IMI's fortunes around.

Singh's aim was to create a strong battery of professors, build corporate connections and engage students and faculty in valuable research. The number of applications went up to more than 8,000 from 4,300 a year ago; and about 49 companies hired 152 students from the campus with salaries in the Rs 21-29 lakh range. 

In fact, several institutes in the National Capital Region (NCR) have improved their lot, making the region the centre of gravity for B-schools. As many as seven institutes from the region are among the top 20 of this year's Businessworld B-school rankings. "Gurgaon and Noida are becoming the hub for multinationals; around 500 companies have their head offices in Gurgaon," says Raj S. Dhankar, dean of Faculty of Management Studies (FMS). "Students find it easier to do summer training and find jobs here." Another reason is the effort these institutes are making to strengthen their brand. A peek at those that gained maximum visibility in the survey:

Faculty of Management Studies
The college may not have the best infrastructure but it offers the highest return on investment for any B-school in India.FMS charges about Rs 20,000 for two years as tuition fees, while IIMs charge Rs 11-18 lakh. This year, FMS sharpened its focus on research and doctoral courses. "Research-oriented teaching, coupled with a close interface with industry, has helped us ramp up," says Dhankar. "A strong alumni base has improved our placements," he adds.The average salary package rose 6 per cent to Rs 16.34 lakh.

(From The Left) MDI Gurgaon: Maintains the No. 14 rank (BW Pic By Tribhuwan Sharma) IMI Delhi: No. 16 this year; up from No. 19 last year (BW Archive)

FMS is also setting up a larger campus in Delhi University's South Campus area, which is expected to be fully functional in two years. It also plans to set up a finance laboratory, which will help students in research projects and in understanding online trading. FMS counts finance and marketing among its strong domains. Nearly 35-40 per cent of its placements are in the financial sector. It has shortened its evening executive courses from three to two years, and expects to attract more senior executives.

Indian Institute of Foreign Trade
While most colleges find it a challenge to revise their curricula, IIFT makes amendments and adds electives every year. Every two years, it gets external industry experts to review the course content. For example, during the slowdown, it added a course on financial and capital markets. "Despite economic and business sentiments being low this year, an international specialised MBA programme like ours has seen no dip in opportunities," says director K.T. Chacko.

(From The Left) DMS, IIT Delhi: The only NCR school to drop (BW Pic By Tribhuwan Sharma); at No. 18 this year NDIM: Quantum jump from No. 43 to No. 19 this year (NDIM)

The college, which saw a 54 per cent upswing in student intake after it hired a hostel building last year, is also in the middle of commissioning its own hostel in a month's time.

International Management Institute
The college opened campuses in Kolkata and Bhubaneswar in 2011-12. It also attracted faculty specialising in finance and marketing from IIM Ahmedabad, IIM Calcutta and Pittsburg University, US. "I am a strong believer that schools are built around the quality of the faculty and their background," says Pritam Singh. During the year, IMI also focused on management development and leadership development programmes. These courses cushion a B-school's revenues and help it build a strong corporate network. IMI's revenues this year shot up to Rs 11 crore from Rs 2 crore after the programmes were introduced. IMI also started a PhD programme and already has 25 scholars. It has made its MBA programme completely residential by hiring a building with 100 rooms.

Inst. of Management Technology, Ghaziabad
The college saw its average salary packages increase after it began focusing on corporate connections, and introduced soft skill programmes.

New Delhi Institute of Management 
The college improves its infrastructure by introducing hostels for students, residential facilities for faculty members and recreational facilities. There was also an increase in research papers published. NDIM reviewed its curriculum and introduced several fresh electives.

Management Development Institute, Gurgaon's rank remained the same while Department of Management Studies, IIT Delhi, fell.

shrutika(dot)verma (at)abp (dot)in

(This story was published in Businessworld Issue Dated 25-06-2012)