Our focus is on greater use of technology wherever feasible: Dr. Arya Kumar, Director, LBSIM
Updated on Nov 6, 2015 - 5:57 p.m. IST by Ashish Jha
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Dr Arya Kumar, Director of Lal Bahadur Shastri Institute of Management, New Delhi believes in innovation and experimentation in imparting management education. In this special interview with Careers360, Dr Kumar speaks on broad challenges and opportunities for management education in India. He also talks on the Unique Selling Proposition (USP) of LBSIM which differentiates it from other B-schools in India, and shares details on the admission process, fee structure and campus placements.

Read below the full interview with the LBSIM Director:

Careers360: Many B-schools have closed in last 2-3 years in India. What are the key challenges facing B-schools in India?

Dr Arya Kumar: Majority of B-Schools in India are passing through challenges of survival, mainly because of lack of quality education, faculty incompetence, inadequate regulatory mechanism, governance and lack of relevance to corporate needs.Selected few institutions which are keeping pace with developments in the business environment are by innovative programmes, curriculum and pedagogy coupled with entrepreneurial faculty which is up-to-date with industry linkages and research.

Careers360: How has the value of management education in India changed in the last 3-5 years? How do you foresee the MBA programme scenario in the coming 1-3 years?

Dr Arya Kumar: In general the value for money or time through management education in relation to enhancing career prospects is losing its charm. The effectiveness of management education much depends upon its foresight and alertness to adapt to the changing needs. PGDM/MBA programme, in general, leaving apart top 2%-3% of the institutions have hardly come out with innovations in teaching-learning process to deliver quality education. Thus, over a period of time, the majority of B-Schools has started losing their relevance. In the coming years, a large number of institutions might have to shut down, in case they do not create a distinctive advantage to deliver value to students.

Careers360: What is was the total intake in the flagship PG programme in Management in your institute for the admission year 2015-16? Please also mention annual fee (excluding hostel charges) for the same?

Dr Arya Kumar: Lal Bahadur Shastri Institute of Management (LBSIM)has an intake of 180 students in PGDM (General) and 60 students in PGDM (Finance). Our fee is Rs 7.95 lakh for two years programme. The Fee is likely to increase while extending additional value proposition by way of inputs on business analytics through collaborating with IBM and other value propositions related to academics – be it journals, books, software, database, cases etc.

Careers360: How have been the placements at your institute for the class of 2013-15?

Dr Arya Kumar: LBSIM had 100 per cent placement for the batch of 2013-15. A total of 115 companies participated in the placement process for 212 students.  However, few passing out students have opted-out of the process to start their own ventures. Many new recruiters were added to the diverse portfolio of recruiters including a few international offers also. We consciously plan to have 10-15% new recruiters of choice to students every year on campus.

Reputed MNCs like D.E. Shaw & Co., Deloitte, BMR Advisors, Marsh India, Ernst & Young and KPMG etc. offered coveted job profiles at the campus placement. The IT & Consultancy domain was well represented by companies like HCL Infosystems, Infosys, NewGen Software, TCS, Tech Mahindra, Wipro, Thoughtworks Technologies, Libsys.

A number of sought-after and varied profiles were offered this year by some of the first time recruiters like Varun Beverages Ltd (PepsiCo), BMR Advisors, Career360, Thoughtworks Technologies, UTStarcom, Firstsource Solutions Ltd., SRF Ltd., Sansui, Spark Minda, Viom Networks, Vedanta Resources Plc., Premium Transmission Ltd., DEE Pipings Ltd., Hackett Group(India) Pvt. Ltd., PaGalGuy.com, Sambodhi Research and Communication, Janalakshmi Financial Services Pvt. Ltd., DBS Bank, Mid-com Group, BASF etc.

The average annual package of the batch was Rs 8.20 lakh with the highest domestic package being Rs 21 lakh. The fundamental change was by the way, the manufacturing companies and start-ups are coming out with distinct profile and better packages that did lure students to opt for jobs wherein profile became more important than the packages.

Careers360: What will be your selection criteria for MBA/PGDM programme for academic session 2016-18?

Dr Arya Kumar: Our selection criteria are very rigorous and robust involving cut-offs based on CAT score followed by group discussion, personal interview academic & extra-curricular achievements and work experience.

Careers360:  What is the USP of your 2-year management programme which differentiates it from the others? 

Dr Arya Kumar: We keep experimenting and innovating in the field of imparting management education. A distinct emphasis is also laid in the inculcating spirit of entrepreneurial leadership in them, so as to prepare them for taking entrepreneurship as a career option.  Thus, the basic focus lies in values in management coupled with continuous improvements by way of introduction new courses relevant to changing business environment and innovations in pedagogy.

Careers360:  How do you plan to enrich your 2-year management programme in next 1-2 year?

Dr Arya Kumar: We would like to make greater use of technology wherever feasible, introduce new areas of specialization, provide hands-on experience through business analytics and Bloomberg lab as also introducing more guided and monitored summer internships in the coming years.

Careers360: Any message to B-school aspirants?

Dr Arya Kumar: Do take full responsibility for your success or failure. It is you and only you who can control your fate, and the more you work and enjoy educational experience, the higher the probability for your overall success in life. Keep working for achieving greater heights by having an intense urge to reach your full potential, this is the key to unlock the door to personal excellence.     

Also Read:

 

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Stay tuned to www.bschool.careers360.com for more news and special interviews with B-school directors.

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More like LBSIM

Questions related to LBSIM

Showing 23 out of 23 Questions
64 Views

XAT 68 percentile, CAT 57 percentile, what are the chances to get a call from lal bahadur shastri institute of management, Delhi?

Sampriti Student Expert 23rd Jan, 2020
With your CAT and XAT percentile you may not get a call from LBSIM Delhi as they require a minimum of 80 percentile in both the exams. But you can still get some decent colleges like
  • NDIM New Delhi
  • JIMS Rohini
  • BML Munjal University
  • ITM Navi Mumbai
  • Universal Business School Mumbai
  • PSG Institute of Management Coimbatore
  • IMI Kolkata
  • Globsyn Business School Kolkata and others.

These are few good colleges offering an average compensation package of 5-6 lakhs and having good ROI. These colleges accept percentiles in the range 50 to 60 in CAT.

Good Luck
44 Views

Which college is better for pgdm marketing LBSIM(DELHI), BIMTECH(NOIDA) Or FORE(DELHI)? Please tell and do rank

Sampriti Student Expert 16th Jan, 2020
FORE School of Management is the best college among the colleges you've mentioned. It requires a minimum of 90 percentile in CAT. After that LBSIM Delhi which requires a minimum of 80 percentile and then BIMTECH Noida which requires 70 percentile in CAT. If you get a call from FORE School of Management then you must go for it. It is one of the finest B schools in India.
224 Views

I got offer letter for pgdm in research and business analytics. Shall I go for it?

dharmesh sharma Student Expert 11th Apr, 2019

Hi Saurabh!

Both are well reputed college and you may choose any. But Lal bahadur Shastri Institute of Management(LBSIM) seems a better choice, as it has a better ROI and better equipped facilities like Bloomberg lab. There are a lot of companies which come in for placements and offers better average salary package to students in LBSIM, Delhi.

I hope it helps. All the best!

1104 Views

AVERAGE PLACEMENT package OF BIM TRICHY, BIM TECH, NITIE MUMBAI,FORE SCHOOL,LBSIM( Lalbahadur sashtri ,delhi)..GIM,WELINGKAR ..

Ruchika Chauhan Expert 27th Sep, 2018

Hello,
According to the placement records of 2018 for BIM,
Average CTC  was 10LPA
Median CTC –8.50 LPA
Maximum CTC –15.00 LPA
Minimum CTC –6.50 LPA

Check the details- http://bim.edu/indexnew/placements/

BIMTECH (placement record of the batch 2015-17)
Highest Indian Salary offered–INR 14.00 LPA (INR 12.00 LPA), Average Salary offered–INR 7.50 LPA(INR 7.35LPA) and Minimum Salary offered–INR 5.00 LPA (INR 5.00 LPA). Highest Foreign Salary offered was INR–15.00 LPA(INR 26.00 LPA).

https://www.bimtech.ac.in/placements/placement-records/

NITIE- Average salary offered was 18.45 - https://www.nitie.edu/Final%20Placement%20Report%202018.pdf

FORE School of Management-
As per the placement records of 2018, highest CTC offered was 21 LPA and average CTC in lakhs per anum is 10.4

http://www.fsm.ac.in/pdf/Placement_Report_2018.pdf

Lal bahadur Shastri Institute of Management-
As per the Placement record for the batch 2016-18, the average annual package was Rs. 8.60 lakh. https://www.lbsim.ac.in/placement.aspx?mpgid=95&pgid1=96&pgidtrail=103

Placement records of Goa Institute of management-
Highest CTC in Lakhs-22
Average salary of top 20 in lakhs- 17.32

https://www.gim.ac.in/newpdfs/GIM-Placement-Report-18.pdf

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http://www.welingkar.org/Placements/PlacementBrochure-2017.pdf

Hope this helps.
Good LucK!

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354 Views

I am sc candidate and my graduation percentage was 47.85. Can i apply here?

Ruchika Chauhan Expert 20th Sep, 2018

Hello,
Admission procedure of Lal Bahadur Shastri Institute of Management for post Graduate Diploma in Management (General,Finance, Research & Business Analytics and Logistics & Supply Chain Managment) is Candidate should hold a Bachelor's degree with 50% marks. And, Candidates are selected on the basis of CAT/GMAT scores.
Go through the link below for details-
https://www.lbsim.ac.in/admission.aspx?mpgid=52&pgidtrail=53

Good LucK!

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