How To Effectively Leverage Your MBA Alumni Network

The beauty of completing an MBA degree lies not just in the prestige of being a management graduate but also in the connections you make in your time at the institute. The famed alumni network is always positioned as one of the biggest benefits of doing an MBA; connecting with like-minded, ambitious souls from diverse backgrounds can teach you more than a standard classroom experience.

Your peers add value to your life on the personal as well as professional front. From grappling to get an MBA admission in Delhi to graduating with each other, time spent together improves your personality and equips you with skills you didn’t realize you needed. This same of a network of people becomes an invaluable asset later on in life. Leveraging your alumni network is a sure-shot way of building and solidifying relationships that open up opportunities for you. Here’s how you can make the most of your network and extract priceless benefits:

Stay updated on the latest developments:

Do not forget to sign up for the alumni newsletter. Keep in sync with the latest developments about the rest of alumni and their careers, especially those who are stepping out or working in industries and causes that interest you. Be sure to attend any alumni events and connect with former classmates to build new relationships.

Stay connected on social media platforms:

The power of social media cannot be discounted here. Use professional platforms such as LinkedIn to stay in touch with your alumni network. Twitter and Facebook are also platforms you can use to leverage and build your network. Another benefit of these social platforms is the potential to connect with the individual on a more personal level. You can also use these platforms to speak with them about topics or questions you may need assistance with. Best part? Since you are a part of the same Delhi management institute alumni network, they’ll be more than happy to help you out!

Build sturdy bridges:

One of the key reasons why there is so much stress on maintaining relationships is that they sometimes become the bridge to the right person. If you are looking to turn to entrepreneurship, your alumni network can be helpful in connecting you to the right investors or customers. If you’re looking for a job switch or a business prospect, you can rely on your peers to connect you to the right people.

Whether considering a better job opportunity or a potential investment matter, your alumni peers form a goldmine of opportunities that when utilized well, can open doors to unbound success. Connect with the right people and stay in touch to fully realize the power of being an MBA graduate.

Reasons To Start Your Own Business With A BBA Course

So, you have the perfect idea for your first business venture. Perhaps you have come up with an innovation or a disruptive business model, and now feel that this is the right time to step into the entrepreneurial world. But this is the moment where we tell you to take a moment and consider something that will have a great bearing on your future business plans: a BBA in Entrepreneurship course from one of the best undergraduate colleges in Delhi – IILM UBS.

Why? Like in every profession, there is a certain skillset that you must possess to tackle entrepreneurship head on and carve a niche for yourself. This is exactly what a degree in BBA arms you with as you work on your business simultaneously. Let’s take a detailed and convincing look at the reasons to start your own business with a parallel BBA in Entrepreneurship course:

Academic and Industry Knowledge:

Having knowledge of various subjects in business, finance and management will strengthen your expertise in entrepreneurship by building a strong theoretical foundation. The BBA in Entrepreneurship curriculum is designed to provide students modern subject knowledge along with practical know-how on the industry practices, case studies, and global scenarios. Such education will enable you to better understand your business and implement your learning in real life.

Exclusive Mentorship:

IILM UBS is one of the only few business schools in Delhi that ensures that every student gets a personal mentor who will guide them throughout the course and help them build upon their business plan. If you already have a business venture, you can set up meetings with your mentor to discuss and iron out problems and issues. Such an intimate interaction gives you and your new business a rare advantage.

Development of Communication Skills:

In today’s extremely competitive world of business, entrepreneurs are expected to be not only experts in their industry but also highly polished, fluent and confident. A course in BBA will help you build your personality from the ground up, and allow you to learn how to communicate and discuss your ideas, proposals, solutions, etc. in a charming, confident manner.

Building of a Robust Business Acumen via Experiential Learning:

In a BBA course, you get unbridled exposure to real-world learning, challenges, work experience, and projects. From internships at top corporates to seminars with business leaders, it is the experiential learning that will help you scale up your business and explore new possibilities. Then, there are the global study programs that provide a budding entrepreneur with international experiences that help in developing key competencies required in the field. All these experiences help cultivate the entrepreneur in you as you simultaneously work to make your business a success.

Apart from the above-mentioned advantages, successfully completing a BBA course along with your business venture provides you with brilliant networking opportunities. If you so choose to, you can later on pursue an MBA to take your entrepreneurial wisdom to another level.

Is MBA a Good Career Choice for an Engineer?

If you are an engineer who has freshly earned his or her degree, or a seasoned individual working a white collar job in a multi-national, there comes a time when you are faced with the question of ‘what next’. For many, engineering is a means to an end or a truly uninhibited passion. Yet, many of us aspire to go one step further – than step often being management. But, is MBA a great career choice for an engineer?

As top management colleges in India such as IILM eagerly await the next set of applications for their MBA course, it is time for you to decide whether you want to pursue this option. If getting into the family business, becoming an entrepreneur, or landing a top management job at an MNC is what you eventually plan to do, then an MBA is definitely the right option. And we are quite optimistic that after reading this article, you will have already made your decision…in favor of MBA after engineering. Here’s why:

You learn about the finer nuances of business:

Coming from an engineering background, you must already be aware of the technical and operational side of a business. But, in the long run, a business is all about expansion, productivity and profit – domains in which MBA graduates excel. An MBA program develops strong strategic, analytical and financial aptitude in candidates, setting them up to lead organizations one day.  Moreover, if you have a business idea, an innovation you want to market, or simply expand your family business, knowledge of management principles and subjects is critical.

MBA Course

You get exposure like never before:

An MBA degree is highly dynamic and fast-paced. You will be constantly involved in projects, discussions, and debates which will challenge your problem-solving acumen, and impart to you the necessary leadership skills to rise to the top. Most importantly, you will get unprecedented practical experience in an MBA course – via internships, workshops, international study programs, corporate training and interning, etc. An MBA program will thrust you into the real-life business world, and provide you with opportunities to enhance your skillset.

You develop an entrepreneurial aptitude:

An MBA course also opens up avenues for you to become an entrepreneur. Many MBA colleges have tailor-made courses on this subject which allow students to develop and perfect their ground-breaking ideas and innovations into profitable business models. As an engineer, you might have always dreamt of solving the world’s problems and disrupting industries with better services and product. Doing an MBA is how you can devise a blueprint for accomplishing this dream.

You benefit from extensive personality development:

In business, it’s all about the personality, ethics, and manners. Making the right first impression is half the battle won. In an MBA program, one learns etiquettes and communication skills that are synonymous with the best leaders in the world.

You can land an extremely lucrative corporate job:

It is no secret that MBA courses promise great placements in the best and biggest corporate firms globally. If that is what drives you, then doing an MBA is the best decision you can take right now. After all, to reach the top of a company, you need to have excellent business skills, which is why companies hire management graduates with lucrative offers. In other cases, many top positions in your present company would most definitely require an MBA degree. This is where you can get an edge over your colleagues and gain a quicker and bigger job promotion.

Are you ready, now, to take the jump from engineering to management?

How To Choose The Right B-School

The right B-school not only paves the way for a great career but also plays a role in helping shape the person’s character, beliefs and thoughts, thereby playing a significant role in shaping his/her life for the future. With admissions to various B-schools in full swing, it becomes essential for students to check out the various attributes of a college before they zero in on it. Studying in a B-school call for a huge investment of time, money and energy, so it is vital that you make sure your choice of business school meets your needs.

To choose the top management college for you, follow the guidelines mentioned below:


Student And Alumni Network:

Look through the profile of students at the university in terms of professional experience, gender, and cultural background. These diverse individuals also contribute to your learning apart from forming your network. Find out how active the alumni group is, as you may want to draw on this network in the near future. This network can provide you with invaluable career information and also help raise funds for your start-up.

top management college

IILM is proud to have a network of over 9000+ alumni, placed both domestically and abroad, that have risen to high ranks over the years. These individuals are invited to interact with students and motivate them through guest lectures. Some also go on to become mentors to the students, providing them with first-hand knowledge and experienced advice. Annual alumni meet are organized on campus, which is an excellent networking opportunity for both alumni and current students.

Academic Community:

Before making your choice, find out about the caliber of the faculty, in terms of their expertise and achievements to make sure they give you in-depth knowledge of a company or industry. In addition to this, research about the teaching methods the school uses, such as case studies and consultancy projects with companies.

The IILM faculty members come from leading institutions across the country and are known to be knowledge creators who rigorously peruse research in their fields. The curriculum taught at IILM is benchmarked against the best in the world. It includes Field Courses (as at Harvard), Career Trek (as at Wharton) and Community Experience (as at Yale). Besides this, the 3-month long summer internship and accompanying workshops acquaint students with the demands of the professional world.

Global Experience:

Employers often seek international experience and there are plenty of options to broaden your horizons. Seek colleges that offer study abroad programs or colleges that have overseas partnerships.

In keeping with the needs of the ever-globalizing world, IILM organizes a 4-week global study program in Germany, France, Canada, Finland or Spain, where students are given an opportunity to develop their outlook through industry visits and diverse cultural immersion.

Careers: Another aspect to scrutinize is the institute’s employment record and check the kind of jobs, sectors, and countries graduates go to. It is crucial to investigate the reputation of the careers service of the particular college.

The Career Development Cell at IILM mentors the students on the selection of the right career path in accordance with their preferences and aptitude to check PGDM eligibility. The recruiters comprise of over 300+ companies across the country spanning a wide range of industries.

Top 5 Skills You Develop While Studying BBA In Entrepreneurship

Starting your very own venture demands skills that are second to none. These distinctive skills are not acquired overnight and need to be nurtured. A BBA in Entrepreneurship provides students with the education needed to create and begin their own businesses. From learning about legal implications surrounding a business to effective operating strategies to scale-up, a BBA in Entrepreneurship gives you a jumpstart when you finally begin your journey. Below are the top skills you’ll be equipped with towards the end of the course from the undergraduate business school at IILM UBS, one of the top business schools in India:

Become A Leader:

The BBA in Entrepreneurship is a very hands-on program where students will be expected to work in numerous projects and case studies in groups. This enables the development of leadership skills and specialized competencies required to lead a new business, scale-up and adapt to changing environments.

Develop An Entrepreneurial Mindset:

Learn how to apply new ideas, methods, and perspectives to businesses and projects.

The program helps students gain confidence and certainty in their business idea and apply it in the real world with the structures and systems learned at the b-school.

Embrace Innovation:

Furthermore, the program also enables students to develop skills in innovation and creativity, helping them acquire the ability to understand consumer needs and demands and develop products and services accordingly. The ability to gauge untapped needs in the market is a skill that is developed over time through the detailed analysis of numerous case studies at the b-school.

Gain The Tools To Be Highly Competitive:

Courses in accounting, information technologies, and entrepreneurial finance help you develop invaluable hard skills, especially when procured from IILM UBS, which is amongst the best BBA colleges in India. Additionally, soft skills like leadership and people management will be obtained through group projects, giving you a firm foundation to start your own business.

Develop A Global Network:

Networking skills are crucial in the business environment. The ability to make valuable contacts, maintain contacts and know when to use them is important in the real world. Earn a BBA in Entrepreneurship from IILM UBS and take advantage of the professional relationships and connections in made at the b-school.

After the completion of the course, students will be empowered with the tools to fashion new products or services and oversee developments for existing companies the world over. Not only that, they’ll be able to make valuable contacts, further develop their skills into core competencies and deal with the pressures of a big corporate job or their own business efficiently.

4th Annual Entrepreneurship & Family Business Conference on “Changing Paradigms: Innovation, Entrepreneurship and Family Business”

IILM institute for Higher Education organized the Fourth Annual Entrepreneurship and Family Business Conference on 6th April 2018 at its Lodhi Road Campus. The conference was centered on the theme “Changing Paradigms: Innovation, Entrepreneurship and Family Business“. This conference aimed to explore the importance of innovation and sustainability for an entrepreneur and associated opportunities and risks. The conference also uncovered the key challenges faced by Family Businesses in high potential economies such as India in the era of digitization and the need for digital transformation for sustenance. The Conference was structured around three key sessions.
The conference began with the welcome remarks by Dr. Daisy Mathur Jain, Dean IILM-UBS. In her welcome address Dr. Daisy gave an overview of the Entrepreneurship focus at IILM with special focus on opportunities that students get to gain experience and hone their skills. She also spoke about the various international affiliations IILM has with Universities across the globe. IILM is also affiliated with the Family Firm Institute (FFI), Boston. This year, IILM is also introducing an M.Sc. in Family Business as a post graduate specialization in partnership with SBS Swiss Business School, Switzerland.

The Inaugural session comprised a keynote session by Ms. Sonu Bhasin, Founder, Families and Business, highlighted that family businesses are the unsung heroes of the Indian economy by citing interesting figures to support her claim. She fervently held that Entrepreneurship is a state of mind and an ability to get things done, using the analogy of a line black ants and the flow of water. She also underlines that failure does not stop entrepreneurs, rather it eggs them on, because they believe in their purpose. She added that it is important to remember and keep the focus on the family values for a family business to succeed and remain successful. She ended on a positive note that today the time is right to start and entrepreneurship because digitization has reduced capital requirements, technology is an enabler that has opened a plethora of opportunities to this generation that earlier ones did not have access to. She urged the youngsters to go ahead and start something new.

The first plenary session was entitled “Entrepreneurship, Innovation and Sustainability”wherein Ms. Guneesha Kohli, Business Head Malika International, Mr. Sameer Talwar, Founder Entrepreneur of Excellence, Mr. Raman Talwar, Founder Simulanis and Mr. Rijul Bajaj, Co-founder Samshek Foundation shared their insights. The speakers emphasized that innovation is nothing but challenging every assumption and reinventing what you do to make it faster, more efficient and better. Each of them, through personal examples, underscored the need to be open to failures, to learn from them, to stand up once again and to not give up on the dreams.
The second plenary session on the topic “Digital Transformation of Family Business Firms” was also the closing plenary. Mr. Virendra Teotia, Owner Umrao Hotels, Mr. Ridhay Khanna, Owner, HH Global and Mr. Aviral Aggarwal, Director Bikanerwala, shared their experience and paved the possible way forward.Each of them spoke about the role that technology and digitization plays in reducing costs in massive ways for marketing and for reach, for building customer relationship and branding. They also underlined the need to be flexible and adapt to technological change by transforming business and the way it is run.

Active participation from students and faculty made the conference a great success.It provided an opportunity for students and faculty to engage with and listen to new ideas and experiences from distinguished speakers and also to network with established entrepreneurs and investors.

BBA after Class 12th: PF Course Details, Eligibility and Career Prospects

A Bachelor’s Degree in Business Administration (BBA) after class 12 lays the perfect foundation for a career in business with sound management skills. This degree aids you with the ability to effectively set up and manage businesses of all sizes, especially vital for business managers and entrepreneurs. BBA degree is of most relevance to those looking to foster innovative ideas and channeling their business acumen. Innovation is the only way for new businesses to succeed and old businesses to continue thriving. This drive for innovation can be in the field of business processes, technology, social innovation, business models, revenue models, branding, positioning, etc.

BBA after Class 12th

With innovation at its core, IILM offers a specialized BBA in entrepreneurship as per the SBS Swiss Business School curriculum, double accredited by the International Assembly for Collegiate Business Education (IACBE), as well as the Accreditation Council for Business Schools and Programs (ACBSP). Being one of the leading business schools in Delhi, IILM seeks to set the groundwork for budding entrepreneurs and young achievers through a holistic support system.

The three-year course includes 2 semesters of international experience, studying at the SBS campus abroad. Being exposed to a global environment and holding an international degree gives the student an unmatched competitive edge to excel in any given field of business.

To match the eligibility criteria and get admitted in the course, prospective students must pass Class XII with minimum 55% under the Indian education system (CBSE or ICSE) or any equivalent board in India or overseas, with English and Mathematics at the class X level. Overseas students seeking admission should have completed their A-levels (under the British system). Students who meet the criterion undergo an in-depth counseling session with a faculty member followed by a video case study discussion. The aim of this activity is to gauge the student’s analytical abilities and thinking style. The final step of the admission procedure is a personal interview conducted by the admission committee.

Pursuing a degree at one of the top BBA colleges in Delhi will open up doors to opportunities in all fields of business. The degree will prepare the student to excel in varying functions and roles in a business setting. It will provide the student basic knowledge about corporate management with a focus on entrepreneurship. Extended guest lectures, live case studies, and simulations will expose the student to the dynamic world of business, setting them on the path to strategize, conceptualize and launch prosperous ventures.

Envisioning a New Fitness Future with Internet of Things (IoT) and Built – In Artificial Intelligence

The world is continuously growing and changing. Various advancements have also occurred when it comes to the technology used in rendering healthcare services. The technology has also played a big role in patient registration and data monitoring. Now there are technologies that allow a healthcare provider to monitor their patients in their own mobile phones.Internet of Things could be the driver for health care’s new visage and revolutionize patient care transcendentally.

They are also now capable of sending and receiving patient’s information in their mobile phones and provide brisk alerts at the health threshold alert points. Devices that can help monitor one’s fitness,health and vitals are easily available in the market. As a matter of fact, there are even sensors that are capable of collecting data that would of course help the doctor to be informed in case it exceeds the breakeven point during an aberration case. This extended offering deems to have parity with all stakeholders like hospitals, ICU, ambulatory other than patient and doctor. This allows them to provide the right medication and treatment to their patients fast. On the other hand, although great improvements have been made in the healthcare industry, one can still expect that a brighter future awaits in the next years or decades.Within five years, the majority of clinically relevant data will be collected outside of clinical settings.

It has been said that healthcare in the future would become more personal offering. Thus, one can expect that personalized medicines or medicines that have been created specifically for an individual would be available. The way doctors diagnose their patient’s disease and provide treatment to them would be largely based on IoT paradigm. In the IoT paradigm everything in the world will be smart, allowing them to communicate with each other through internet technology either physically or virtually. IoT allows people and things to be connected Anytime, Anyplace, with anything and anyone, ideally in any path/network and any service.Following are few applications of IoT in healthcare industry.

1) Remote patient monitoring

Remote patient monitoring (RPM) uses digital technologies to collect medical and other forms of health data from one individual in one location and electronically transmit this information to the health care providers. RPM can help reduce the number of hospital readmissions and lengths of stay in the hospitals.

2) Clinical care

Hospitalized patients whose physiological status requires close attention can be constantly monitored using IoT driven, non-invasive monitoring. Sensors are used to collect such information and using cloud this data is analyzed and sent to caregivers. It replaces the need for the doctor to visit the patient over regular intervals for checkup. This will also help to improve the quality of care through constant monitoring.

3) Device monitoring

An IoT connected metal device can notify when there is a problem with a device. This will prevent the device from shutting down and avoid patient rescheduling.

4) Outpatient Monitoring

This IoT solution enables doctors to capture health parameters and advice patients remotely. The patient’s hospital visit is therefore limited to visit only on need basis. This solution helps hospitals manage hospital beds and consequently increase revenues while at the same time delighting customers.

The Howard case below highlights the key role of a business model in ensuring the competitive advantage and sustained success of a business venture. It appreciates the market attractiveness and future of wearable technology.

GOQii’s product-service offering of wearable fitness band technology was supplemented with remote personalized coaching. With its launch in the Indian market, and its emergence as a pioneer of a new category of product in the health and lifestyle space had the ability to integrate human assistance with built-in artificial intelligence. Gondal realized that while people were adopting wearable technology solutions for healthy living, there was still a lack of awareness and an air of hesitancy about the usefulness of and need for wearable devices in India. Gondal’s dilemma: whether to continue GOQii’s positioning as “wearable technology with personalized coaching” and aggressively expand globally, or consolidate and broaden his present offering by embracing the customer more fully and focusing on the “customer healthcare journey” in India. Case B picks up from October 2016, by which time GOQii had consolidated and broadened its offering by focusing on the “customer journey” in India. It had successfully on-boarded different service providers such as doctors, a diagnostic center chain, a hospital chain, sports and grocery stores and Axis Bank (for payments) on their platform, thus providing a complete health ecosystem to the GOQii user. By the second quarter of 2016, GOQii had achieved the number one spot in the Indian wearables market. The immediate decision that GOQii core team need to make is whether they should tie up with multiple insurance providers or explore the possibility of partnering with a reinsurer to complete the entire health spectrum services offering on their data platform.

Shweta Nanda
Assistant Professor – Technology & Operations

Is BBA Beneficial for a Student of Science Stream?

Choosing a stream post the reception of the Secondary School Certificate (SSC) is one of the most significant decisions. However, as you go along you might realize that your talent really lies in another field of study altogether. While it is a matter to be considered, it is nothing to give yourself a headache over.

Students choosing a Bachelor of Business Administration (BBA) course after completing school in the science stream is not very different from Technology graduates going for an MBA. The best BBA colleges in Delhi NCR offer the degree to students from all streams with minorly varying selection criteria. Here are a few things you need to know:

Will the science stream affect a career in BBA?

The BBA course proffers basic business values regarding financial management, economics and the principles of management. The 3 years are structured to imbibe appropriate communication skills that make up an important part of managerial life. Your assessment as a business graduate will depend on how you perform in the course instead of your high school education. So, the science stream will not affect a career in business.

Eligibility Criteria:

You will need to, however, prove your ability to grasp the essentials of the B-world over the course of the next 3 years. BBA admission in Delhi and other states is dependent on your performance on the entrance test. The entrance examination is a conventional method of identifying the eligible students with exceptions in a few colleges and universities. You may enroll for centralized examinations that offer admission in a number of colleges if you pass.

The universities require a minimum of 50% aggregate score in your 12th standard examinations for you to be allowed to appear for the entrance exam. The exams usually consist of the following sections:

  • General Awareness
  • Reasoning
  • Quantitative Aptitude
  • Language (English)

Follow your disposition:

Essentially it boils down to your interests and calling in life. If you are sure that you need a shift from practical or theoretical sciences to managerial sciences, nothing should stop you. As you might have heard, an MBA is almost necessary to ensure a promising career after a BBA education. Nonetheless, it is advisable to seek advice from your parents, seniors, and peers. You can save a lot of time and effort by consulting an individual who has taken the same step earlier.

Take the example of Edwin Hubble; his studies were focused on jurisprudence at the University of Chicago given to his father’s wishes, but he never let his goals out of his sight, worked hard, believed in himself and turned out to be one of the most prominent astronomers in the world. You can do it as well!

Austria Meets India

As I was the first student from my home university FH Wiener Neustadt (Austria) going to India, I could not refer to any previous experiences or references. That is why I did not know what to expect from my time here. When I arrived in Delhi, I immediately knew that I would like the place and enjoy my time here. I was fascinated by the very different and diverse culture of the country, the great historical places to visit and about how people welcomed me.  IILM Lodhi Road helped me to arrange a nice apartment close to university, provided me with general information about my stay in India and introduced me to their academic rules. During the orientation process, I also got to know the other exchange student and we directly decided to visit some new places in Delhi together. Although I was not sure if people in the class will accept my different mindset, I was very lucky that many people in my courses were very open minded. In the initial days, the buddy mentors gave me good advice concerning academic work and helped me to arrange my first trip. As I was expected to do group work in classes, I got to know other students better and we spent a lot of time together. They showed me the highlights of Indian cuisine, lesser known places in Delhi and gave me a great insight into the culture of the country. Talking about the classes at IILM, they were simply great. The content of the courses was very well structured and comprehensive. During the lecture, the faculty members ensured that students participated in discussions and facilitated a friendly environment. The business school provided not only highly skilled academic professors, but also guest lecturers from partner universities abroad and Indian corporates. Furthermore, I got a chance to participate at the PRME conference which gave me great knowledge about sustainable projects in industries and businesses in India. I could also be a part of the 25th anniversary celebrations of IILM.

Overall, I have to say that my time at IILM Lodhi Road was a fantastic experience. Apart from getting to know different mentalities as I was travelling around India, widened my horizon and won friends for life. I would like to say thank you to everyone that made my stay here unforgettable. India is indeed a magical place.