In Conversation with Prof. Jyoti Tilak, Director of IBS Pune

ICFAI Business School Pune is a constituent business school of the IFHE which was established in the year 1995. IBS Pune has been approved by UGC (University Grants Commission). IBS Pune courses include PGPM courses in several specialisations. To be eligible forIBS Pune admissions students must ensure that they meet the minimum eligibility criteria as per the chosen specialisations.

In this exclusive conversation with Careers360, who is the Director at IBS Pune shares his perspectives on the vision, mission, admission process, internships, placements, and more about IBS Pune.

Careers360: Tell us something about the institute; when it was set up, vision and mission

Prof. Jyoti Tilak: IBS Pune, also known as ICFAI Business School Pune, is a renowned business school located in Pune, Maharashtra. Established in 1995, the institute has grown to become one of India's top business schools, known for its academic rigor, industry interaction, and holistic development.

Key Highlights:

- Established: 1995

- Type: Private Institute

- Accreditation: Accredited by AACSB, SAQS, recognized by UGC and AICTE

- Rankings: Ranked 40th by NIRF in Management (2023), 13th among Emerging Business Schools of Super Excellence by GHRDC-CSR Survey, and 48th by Business Today

Vision and Mission:

IBS Pune aims to provide quality management education, foster industry interaction, and develop professionals with a strong foundation in management principles and practices. The institute emphasizes academic rigor, industry interaction, and holistic development to prepare students for successful careers in the business world

Careers360: Tell us something about the admission process?

Prof. Jyoti Tilak: The ICFAI Business School (IBS) admission process for MBA and PGPM programs involves the following steps:

Step 1: Appear for IBSAT

Candidates seeking admission to IBS campuses (Hyderabad, Bengaluru, Dehradun, Jaipur, Ahmedabad, Gurgaon, Kolkata, Mumbai, and Pune) must appear for the IBSAT exam, a 2-hour computer-based test assessing management aptitude.

Step 2: Alternative Test Scores

Candidates with valid GMAT, CAT, or NMAT scores (from 2023 onwards) can apply based on these scores instead of taking IBSAT.

Step 3: Selection Briefings

After IBSAT, selection briefings are conducted across India to guide shortlisted candidates about the next steps and IBS programs.

Step 4: Selection Process

Candidates are shortlisted based on IBSAT/GMAT/CAT/NMAT scores and undergo:

- Micro Presentation (MP)

- Personal Interview (PI)

Final selection is based on performance in these stages and academic records (Class X, XII, and graduation).

Careers360: What kind of infrastructure can students expect at the institute? Please elaborate?

Prof. Jyoti Tilak: Since 1995, ICFAI Business School (IBS) has established itself as a leading B-school in India, known for its world-class infrastructure and academic excellence. IBS campuses offer modern facilities, including:

- Well-equipped libraries and computer labs

- E-learning frameworks and databases

- Modern classrooms for interactive learning

- Advanced teaching aids and software tools

- Modern lecture theatres and classrooms with interactive smart boards and advanced audio-visual tools

- Fully networked and Wi-Fi enabled, facilitating case-based learning

Intellectual Infrastructure

IBS focuses on research, publication, and participation in national and international seminars. Career Management Centers guide students on placements and internships, ensuring strong industry interaction.

Library Facilities

It provides access to a wide range of national and international databases like EBSCO, ProQuest, JSTOR, CMIE, and Marketline. The library is fully supported by a robust IT infrastructure, helping students and faculty engage in in-depth academic research.

Computing Facilities

- Latest computer technology with high-speed internet (500 Mbps to 6 Gbps)

- Bloomberg Terminals and AI labs for hands-on experience

Faculty Resources

- Highly qualified and experienced faculty with doctoral degrees and industry experience

- Active involvement in research, case development, and executive training programs

Sports and Recreation

- Facilities for indoor and outdoor games, including gym, cricket, football, and tennis

- Emphasis on holistic development through sports

Health Centre

- In-campus health centre at IBS Hyderabad, with medical staff available at other campuses

- Emergency arrangements with nearby hospitals

Hostel Facilities

- Comfortable accommodation for MBA students at IBS Hyderabad and IBS Jaipur

- Arranged hostel facilities for other campuses, ensuring convenience and safety

Bloomberg Terminals

- Dedicated Bloomberg Lab with real-time global financial data and industry analytics

- Hands-on training and certification for students, enhancing their financial skills.

Holistic Development

Students are encouraged to participate in co-curricular and extracurricular activities, fostering holistic development. With a strong emphasis on entrepreneurship and innovation, IBS prepares students for successful corporate careers by combining theoretical knowledge with practical application.

Careers360: There is a lot of stress that is being made with regard to interaction with the industry as well as companies that recruit. What are the steps being taken by the institute in this direction?

Prof. Jyoti Tilak: To alleviate stress related to industry interactions and recruitment, our institute has taken several steps:

1. Corporate Relations Cell: Our dedicated placement managers maintain constant touch with industry professionals, fostering strong relationships.

2. GCC Conclave: We have organized conclaves for students to meet industry professionals, gaining insights into corporate expectations.

3. Faculty Involvement in Placement: Faculty members’ advice and assist placement managers for industry meets, providing a better understanding of industry environment.

4. Alumni Meets: Regular alumni meets offer students valuable networking opportunities.

5. Industrial Visits: Conducted industrial visits to give students practical exposure to industry operations.

6. Recruiters Meet: To bring students and industry professionals on common platform for informal interactions.

7. SIP Visits: During the Summer Internship Program (SIP), conduct three visits to ensure students gain meaningful industry experience.

8. MDP Programs: We offer Management Development Programs (MDPs) designed as per the request from industry and is conducted by expert faculty

These initiatives help students build confidence, network, and develop essential skills for successful industry interactions.

Careers360: Internships are now mandatory as per AICTE guidelines. Does the institute help students with this? If yes how?

Prof. Jyoti Tilak: IBS bridges the gap between academia and industry through its rigorous Summer Internship Program (SIP), a crucial part of its curriculum. Lasting 10-14 weeks, SIP provides students with invaluable exposure to the corporate world, enabling them to:

- Apply theoretical concepts to real-life business situations

- Develop problem-solving skills and industry insights

- Work on live projects under faculty and company mentor guidance

Key Benefits:

- Close faculty monitoring ensures high-quality deliverables

- Strong industry connections and potential pre-placement offers

- Enhanced professional skills and confidence

- Practical experience to tackle real-world business challenges

Through SIP, IBS equips students with the skills, knowledge, and industry exposure needed to excel in their careers.

OR

Careers360:Can you please share details if there is any collaboration with universities abroad?

Prof. Jyoti Tilak: ICFAI Business School (IBS) Hyderabad fosters an international-quality learning Intellectual Infrastructure experience through extensive academic networking and collaborations. The institute has received several national and international accreditations and partnered with leading global universities and professional organizations.

Accreditations and Memberships - IBS Hyderabad is accredited by:

- AACSB (USA)

- ACBSP (USA)

- EFMD (Belgium)

- AMDISA (India)

- AAPBS (Korea)

- SAQS and NAAC accredited

International Collaborations -IBS Hyderabad has partnerships with reputed universities worldwide, including:

- Bentley University (USA)

- Syracuse University (USA)

- University of Memphis (USA)

- University of Delaware (USA)

- University of Newcastle (Australia)

- George Mason University (USA)

These collaborations enable student and faculty exchanges, joint research projects, and exposure to global business education practices.

Industry Collaborations - IBS Hyderabad maintains strong ties with leading industries and organizations, including:

- National Stock Exchange (NSE)

- Bombay Stock Exchange (BSE)

- IBM Global University Programs

- National Bank for Agriculture and Rural Development (NABARD)

- Indian Railways

These partnerships provide students with opportunities for internships, research projects, corporate training, and industry-oriented workshops, enhancing their professional development and employability.

Careers360: Please share placement statistics with information on the average package, highest and lowest package, number of students placed and details of companies that have recruited.

Prof. Jyoti Tilak: The placement statistics are given below.

*Reasons for Opting Out of Placements(OOPs)

Some students may choose to opt out of placements due to various reasons, including:

1. Family Business: Students prefer to join their family business or take over the family enterprise.

2.Entrepreneurial Opportunities: Some students have entrepreneurial aspirations and want to start their own ventures.

3. Academic Criteria Not Met: Students who did not meet the academic criteria opt out of placements.

These reasons reflect individual priorities and goals, and our institute supports students in making informed decisions about their career paths.

Details of companies that have recruited - Deloitte Tax Services, ICICI Bank, Pricewaterhouse Coopers, Tata ClassEdge (A TATA Group Company), TATA AIG General Insurance Company Limited, ICICI Prudential (AMC), HCL Technologies, Tata Capital, KPIT Cummins, LODHA Group, Kotak Mahindra Bank, Godrej Capital Limited, Markets & Markets, Saint- Gobain India Pvt. Ltd., Zomato, Godrej Properties, Bennett Coleman and Co Ltd, Polycab India, HDFC Bank.etc

Disclaimer: This article has been published as a marketing initiative between Careers360 and IBS Pune.