Initiated for the very first time in 2015, the ELP program involves final year/semester Undergraduate students, working in the form of groups, to conduct primary and field research, analyze the issue that warrants investigation and find cost effective implementable solutions for partner organizations. The aim of this program is not only the acquisition of industry knowledge but also the introduction of our students to prospective organizations.
|Parameters||Corporate Internship||Experiential Learning Program (ELP)|
|Tenure/Duration||Usually 6-8 weeks long||4 months long|
|Orientation||Usually task oriented||Goal-oriented|
|Objective||Focus on orienting students to the industry workings and corporate culture||Focus on solving problems/challenges identified by companies|
|Academic Weightage||Mandatory academic requirement for graduation||Graded Component - 12 Credit hours i.e. equivalent to 4 courses|
|Area of Investigation||No. of Projects||Total|
|New Ventures/Feasibility Studies||26||13||25||64|
|Strategic Analysis & Management||03||16||06||25|
|Human Resource Structuring||03||02||05||10|
|Management Control Systems||01||01||05||07|
|Supply Chain Management||03||03||03||09|
|Total Number of Students Participated in ELP||275||300||294||869|
|Total Number of Projects Undertaken||52||65||64||181|
|Total Number of Faculty Advisors Involved||24||19||13||56*|
|Total Number of Partnering Companies/NGOs||39||52||46||137|
*Few faculty members served as ELP Faculty Advisors in both the years
|ELP Start Date||January 16, 2018|
|ELP Duration||4-5 months|
|ELP group size||4-5 students (Final Semester)|
|ELP Supervision||IBA Faculty Advisors|
|ELP working arrangement||Dependent on the company. Students will be available for project from Monday-Friday with classes to be held on Saturdays only. Some companies require students to attend office 5 days a week, while others require once a week arrangement.|
|ELP Stipend||Dependent on the company. Primary objective is to give them industry experience; monetary benefits are secondary.|
Companies could help engage our student groups in a relevant project within their organization in areas not restricted to but that may include:
- New Ventures / Feasibility Studies
- Management Control Systems
- Human Resource Restructuring
- Strategic Analysis & Management
- Marketing Strategy
- Supply Chain Management
- Resource Mobilization strategies
- Financial Management
- Process Re-engineering and Change Management
However, we will welcome other projects or problems/challenges that organization deems of interest.
These projects are conducted under close supervision of IBA faculty advisors. A group of 5-6 students along with a faculty advisor is assigned to each project.
As a first step towards ELP, the 'IBA ELP Consent Form' is shared with companies to obtain their interest in this program. The form serves as a starting point of the project wherein an initial understanding of the problem/project is shared by the client organization with IBA. In consultation with the IBA Faculty Advisors, the client organization further develops and/or hones the project plan to meet the requirements of the ELP.
Afterwards, students in consultation with the companies develop the 'Terms of References (TORs)' covering the nitty-gritty of the projects. Students start working on project from January for a period of 4-5 months depending on the project scope.