Message from Chairman
Mr. B M L Jain - the Chairman of the Indian Business Academy, (an alumnus of Indian Institute of Technology - Kanpur) is an entrepreneur with a keen interest in Management theory and practice. His contribution to economic progress has seen him awarded the prestigious 'Udyog Patra' by Minister of Human Resources Development, Govt. of India. Shri Jain has also been the recipient of a 'Letter of Appreciation' from Bharatiya Ekta Parishad for his efforts towards National Integration. With an insider's view of management in India, his views on the subject are much sought after.
Chairman's Message
Dear Prospective Students,
To-day, the world is facing severe skills deficit. There is no dearth of talent. The challenge is of getting talent that meets the need of corporate world. In other words, the challenge is that of employability. U.S.A. the world’s largest economy is to-day considering proposals to overhaul its education system due to rising skills-gap. India, a relatively smaller economy with much bigger workforce faces a deeper crisis, perhaps far deeper than any other nation in the world. Its demographic trends (300 million new workers by 2025), its archaic educational system (barely 9-10% of graduates are employable), its economic structure - agriculture contributes 18% to GDP & employs 56% work force) makes the crisis painful and difficult. We have a de-skilling economy without a re-skilling work force. A degree-driven Indian society treats education as a proxy for skill levels. This creates strong demand-supply gap.
India is on a super growth strategy. 9 to 10% growth is not enough. We have to grow at double digit rates. To meet this challenge, skills will become a constraint without proper higher education. Against this backdrop, over 1.3 lacs people go abroad every year in search of opportunities. Also, there is an urgent need for upgradation of skills of rural educated youth. For all this, educational system is to be strengthened.
The Promoters of IBA having IIT, IIM & similar professional backgrounds visualized this a decade ago and to address the need, IBA was established eight years back, with the primary objective of providing World-class management education in tune with contemporary requirements. It launched its academic activities in July 2001 after creating a World-class infrastructure at its Bengaluru Campus. Subsequently IBA established its 2nd campus with State-of-the-art infrastructure at Greater Noida and this 2nd campus started its academic activities from July 2006.
At IBA, students are groomed, not just as managers but as holistic individuals. This is done through a pursuit of excellence in every area of grooming - Academics, Team work, Leadership, Communication, Analysis, Entrepreneurship and Personality development. The needs of identifying and nurturing the aptitudes and inclinations of each and every student and to equip them to face the challenges of a technology driven managerial career are seriously addressed. These apart, in moulding them as complete human beings, moral, ethical, cultural and social values are instilled, along with inculcating traits of self discipline, honesty and integrity. This is done through a continual interaction with Academicians, Corporates and integrating the world famous ‘Art of Living’ module with the academics. It ensures emergence of positively charged individuals, ready to contribute to the growth of corporations and the welfare of the society. Besides this, IBA is making sustained efforts to create knowledge, influence practice and integrate the same globally.
IBA’s promoters, the eminent Academic Advisory Council, young and energetic Director and CEO, Dean and Faculty are passionate about IBA’s development. The live industry interface, intellectual capital resource are the corner-stones that are continuously strengthened in IBA’s move forward.
The unique IBA pedagogy backed up with meticulously laid State-of-the-art infrastructure brings excellence to learning, training and placements. IBA students are groomed to think out of the box and engulf articulation, innovation and team work. IBA’s strong linkages with the best in the corporate is reflected in its blend of core and visiting faculty enabling to a two-way flow of knowledge, talent and resources. IBA’s unique urge to give global competitiveness and multicultural exposure to its select students of top 40 performers, takes them abroad through the Overseas Business Study Mission every year. The results of these initiatives are there to see for all.
IBA is conscious about Corporate Social Responsibility also. With active support of IBA Management, the faculty & students contribute to Rural Education and Health Awareness Programs thus infusing the CSR concept in the students.
IBA draws its students from all parts of the Country. Thus IBA students are exposed to varied cultures of different States. This truly makes IBA, a mini India. This cultural enrichment enhances the place ability of IBA students in any part of the Country and abroad.
Looking at retail revolution in the country, IBA launched its Retail Management Program last year. In retail sector, the opportunities are huge. Today India is one of the biggest sourcing hubs for several retail chains. Indian retail sector is also growing. This sector has potential to create jobs for between one to two million people per year over the next decade.
Over 200 corporates visit IBA campus every year leading to 100% Quality placement. Due to consistent performance of IBA Alumni, there has been a significant increase in the number of international placements every year. This is not a chance happening but is a reward for a rigorous training, stringent selection and recruitment process, meeting multinationals’ standards.
No wonder IBA is ranked high among top B-Schools in India in a short span.
I welcome hard working, ambitious, intelligent students to the 8th Batch at Bengaluru and 3rd Batch at Greater Noida to go through the IBA learning experience.