Know all about Indus Business Academy Bangalore: An interview with Prof Subhendu Dey (Director)

Indus Business Academy Bangalore was established in the year 2001. This institute is AICTE, Ministry of HRD and the Government of India. The institute provides full-time 2-year PGDM Courses like - PGDM, PGDM General and PGDM International Business. Careers360 in this interview with Prof Subhendu Dey, Director, Indus Business Academy Bangalore. In his interview Prof. Dey has shared various details about IBA Bangalore vision, mission, courses, admission process, internships, placements, facilities, etc. He has also answered questions related to IBA Bangalore student life. To know more about IBA Bangalore go through the complete interview of Prof Subhendu Dey with Careers360.

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

Prof Subhendu Dey: Indus Business Academy (IBA), is one of the top 1% business schools in India, and is known for its exceptional quality of education. Located in the Start-up capital of India, Bengaluru, IBA is one of only 63 colleges in India out of over 5000 to receive international accreditation from the IACBE (International Accreditation Council for Business Education) based in Kansas City, USA. This achievement is a testament to IBA's commitment to following the best practices since its establishment. Founded in 2001, IBA is currently accepting applications for its 23rd batch. The institute offers a 2-year full-time, residential Post Graduate Diploma in Management (PGDM) program approved by AICTE, Ministry of Education (Govt. of India).

IBA prides itself in its contemporary curriculum, which caters to industry requirements, high academic standards, and holistic development opportunities for its students. Over its 23-year history, IBA has received many accolades. It is the first and only Indian business school to become a member of the CHEA (Council for Higher Education Accreditation) International Quality Group. IBA was listed among the 100 Fastest Growing Private Institutes in Asia by WCRC (World Consulting & Research Corporation) for the year 2012-13, where KPMG India was the process advisors and evaluators. IBA has been recognized and awarded as a "Special Institution" in the "Excellence & Innovation in Management" category by Business World Top Education Brands 2020, Jury Chairperson -Dr. Anil Sahasrabudhe (Chairman, AICTE) along with other eminent personalities like Dr. Pankaj Mittal (Secretary General, AIU), Dr. S.S. Mantha (Former Chairman AICTE) & many more. Additionally, IBA has been awarded the Economic Times Best Education Brands for five consecutive years recently in June 2022.

The vision of IBA is, “To be a globally respected Business School nurturing innovative entrepreneurs & business leaders who would produce wealth for the nation”. IBA’s mission statement focuses on three important pillars i.e., research, entrepreneurship, and sensitivity towards society. The mission statement of IBA is, “To be an institute of Excellence in creating and nurturing research oriented academics, entrepreneurship and leadership with sensitivity towards society”

Careers360: Tell us something about the admission process?

Prof Subhendu Dey: The admission process at IBA Bangalore follows a two-step approach. Firstly, candidates are shortlisted based on their entrance exam scores and academic history. Once shortlisted, candidates proceed to the final selection stage, where admission is based on a composite score calculated from their SOP, prior work experience (if applicable), extra-curricular activities, and performance in two rounds of interviews.

IBA takes into account the overall performance of each aspirant, including their academic scores in 10th, 12th, and Bachelor's degree. In addition to academic achievements, IBA also considers candidates' involvement in sports, dance, and other extra-curricular activities when evaluating their application. Admission to IBA is offered to aspiring candidates based on the following tabulated performance criteria.

Eligible Students can apply to IBA by filling the Online Application Form here.

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

Prof Subhendu Dey: IBA is one of the most beautifully integrated B-School having built-up area of about 3.25 lakh sq. ft. in an 8.5 acre green and serene campus dedicated only for the PGDM program. The campus is equipped with modern facilities aimed at meeting global standards in business education. IBA campus is very green with over 300 trees, and offers a peaceful study environment. This makes the IBA campus an ideal place to ignite new and fresh ideas.

With high speed internet connectivity in the campus, round the clock access to library, 13 specially designed (seminar style and board room style) classrooms along with 3 state-of-the -art auditoriums and in-campus hostels (separate for boys and girls); the institute provides the ambience as well as facilities for students to get a feel of the best learning experience. IBA students are provided access to information on a real time basis. IBA Library has over 12500 books, 9000 titles, 1500 audio-visuals on Business Management, 3500 plus International and National journals, over 80 International and National Magazines and 13 Newspapers. To access the latest research in the field of management, students of IBA get access to seven databases including Delnet - the world’s largest library of e-books with more than 5.97 lakh e-books on

Management and over 41 lakh e-books of other disciplines. These databases provide students access to lakhs of journals, audiobooks, articles, etc.

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 Subhendu Dey: Faculty at IBA is actively engaged in several industry forums and plays a crucial role in inviting senior corporate executives to enhance student learning. At IBA, a dedicated Corporate Relations team headed by a senior member of the faculty works with the student-led Institute Industry Interaction Committee (i3 Committee) to continuously interact with the industry on various areas of engagement. We recognize that recruitment is a mutually beneficial relationship between organizations and business schools. While businesses require talented students from reputable institutions, business schools depend on organizations to place their graduates. Therefore, we continually prepare our students for the industry through a range of activities such as guest lectures, live projects, presentations, industry visits, and workshops. Additionally, we have designed specialized programs that focus on enhancing students' employability and making them corporate-ready. These programs include the Advanced Placement and Training Program (APTP) and the Career and Personality Development Program (CPDP). APTP focuses on preparing students for aptitude tests, group discussions, and interviews. Moreover, it trains them in corporate and email etiquette, thus boosting their confidence and communication skills. Similarly, CPDP imparts life skills and knowledge on communication etiquette, interpersonal interactions, project management, cross-functional management, sustainability, and social enterprise; and runs throughout the six trimesters. One of the major objectives of CPDP is a project called "Kalakshetra," where students work in groups to achieve set goals, and present the results achieved in front of an audience comprising alumni, corporate leaders, and other students. IBA also benefits from its extensive network of alumni, who interact regularly with current students through specially created platforms such as Reflections and Hangout. Through these platforms, experienced alumni share their insights and experiences about setting up their own businesses, working in multiple countries, and the current state of their industries. In conclusion, IBA strives to make its students industry-ready by providing them with an excellent learning environment and preparing them for the challenges of the real world through well-crafted tools.

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

Prof Subhendu Dey: One of the program objectives of IBA is to see that students are able to apply management concepts and theory learnt in classrooms to practice in the real world, which is why we require PGDM students to complete a 3-month Summer Internship/Project in a reputed organization as part of the program's academic curriculum. This internship is beneficial to students through the practical learning that they receive, and for the organization through the business results that IBA students achieve during their internship. At IBA, we ensure that the Summer Internship process is well-structured, with students reporting their work and achievements to their assigned faculty mentor on a weekly basis. The faculty mentor also keeps in touch with the company mentor to ensure that the student performs optimally and produces significant results. IBA assists students in securing internships with leading companies, and over the years, our students have interned with a wide range of organizations, including ACC LTD, Agrotech Foods Ltd., Ashok Leyland, Aurobindo Pharma, Bajaj Electricals, Bank of India, Bharat Cooking Coal Limited, Bharti Airtel, BHEL, Bhilai Steel Plant, Big 92.7 FM, Blue Star, BMW India, Bokaro Steel Plant, BPCL, Brakes India Ltd., Britania Industries Ltd., Central Coalfields Ltd, Century Plyboards, Citi Bank, Crompton Greaves, Damodar Valley Corporation, DELPHI – TVS, Dr. Reddy's Labs, DSP BlackRock, Escorts Ltd., Essar Steel Ltd., Fortis, Glaxo Smith Kline, Grasim, Ultra Tech Cement, Gujarat Gas Company Ltd., Haier Appliance Ltd., HCL Infosystems, HDFC Bank, Hindustan Petroleum, Hindustan Times, Honeywell Technology Solution, Hyundai Motor, India Today, Indian Express, Indian Overseas Bank, IndusInd Bank Ltd, Infiniti Research, Ingersoll Rand, IOC Ltd., ITC Ltd, Mahindra & Mahindra Ltd, Minda Industries Ltd, NALCO, Nava Bharat Ventures Ltd, NTPC, O.N.G.C, Ogilvy & Mather, Pantaloon Retail, Parle Biscuits, Pepsico, Philips Electronics, Punjab National Bank, Ranbaxy Laboratories Ltd., Redington, Reliance Industries Ltd., Religare Securities, RINL-Vizag Steel Plant, SAB Miller India Ltd, SIEMENS, Standard Chartered- STCI Capital Market, Subros Ltd., Tata Motors, Times of India, Total - Jubilant Group, Toyota Kirloskar, Videocon, and Vodafone.

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

Prof Subhendu Dey: IBA has established collaborations with foreign universities to share and adopt best practices. In pursuit of this goal, IBA has signed Memoranda of Understanding (MoUs) with Zurich University in Switzerland and Universitas Dhyana Pura in Bali, Indonesia. These agreements promote the exchange of academic information and publications, facilitate joint research activities, and support Student and Faculty Exchange Programs. Additionally, IBA has entered into research MoUs with The International Association of Human Values of AOL International and the Department of Business Strategy and Innovation at Griffith University in Australia to support joint research activities that address specific needs in the areas of socio-economic and developmental projects. IBA has collaborated with ARC Evolution in Gries, France for the publication of the French version of Dr Subhash Sharma's bestselling book, 'Wisdom and Consciousness from the East'.

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 Subhendu Dey: A dedicated Corporate Relations team works along with the i3 Committee in a planned, meticulous manner towards getting IBA students placed in some of the best national and international companies. The quality of our past students have resulted in many recruiters coming over to IBA campus year after year. IBA students get absorbed in roles like Management Trainee, Research Analyst, Project Managers, Talent Acquisition experts, Sales Trainee, Business Analysts etc. With the endemic in sight, we have witnessed an increase in the conversions this year. More than 50 companies cutting across different industries and specializations have visited IBA for placements this year. Top companies which came this year were Deloitte, PwC, BizData, Reckitt, TCP, LSEG, ABFRL, The Edge Partnership etc.

The highest salary for Placements 2023 is INR 20 lakh per annum and the average salary is INR 7.7 lakh per annum

Disclaimer: This content was distributed by Indus Business Academy Bangalore and has been published as part of Careers360’s marketing initiative.

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