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
	2018	2017	2016	2015
New Ventures/Feasibility Studies	6	26	13	25	70
Marketing Strategy/Market Research	16	09	16	11	52
Strategic Analysis & Management	6	03	16	06	31
Human Resource Structuring	3	03	02	05	13
Management Control Systems	2	01	01	05	09
Supply Chain Management	1	03	03	03	10
Others	06	07	14	09	36
Total	40	52	65	54	221

	2018	2017	2016	2015	Total
Total Number of Students Participated in ELP	207	275	300	294	1076
Total Number of Projects Undertaken	40	52	65	64	221
Total Number of Faculty Advisors Involved	15	24	19	13	71*
Total Number of Partnering Companies/NGOs	30	39	52	46	167

*Few faculty members served as ELP Faculty Advisors in multiple years

ELP Start Date	January 16, 2019
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 'Project Detail Form' is shared with companies to obtain details of the project and to gauge 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.