Experiential Learning Projects (ELP) program is an academic driven management consulting intervention under which our senior students’ groups from the BBA and BS-Accounting & Finance (BSAF) programs, help organizations in analyzing the issues that warrant investigation, conduct primary & field research, and develop options for cost effective implementable solutions. The aim of this program does not only entail the acquisition of industry knowledge, but also embodies an effort to help our students integrate their functional learning in an integrated holistic manner and apply it to resolve the problems faced by different organizations.
|Parameters||Corporate Internship||Experiential Learning Program (ELP)|
|Tenure/Duration||6-8 weeks||4 months long|
|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
For BBA: 12 Credit hours / 4 courses
For BSAF: 6 credit hours / 2 courses
|Total Number of Students Participated in ELP||259||207||275||300||294||1,335|
|Total Number of Projects Undertaken||55||40||52||65||64||276|
|Total Number of Faculty Advisors Involved||20||15||24||19||13||91*|
|Total Number of Partnering Companies/NGOs||44||30||39||52||46||211|
|*Few faculty members served as ELP Faculty Advisors in multiple years|
|Area of Investigation||No. of Projects||Total|
|New Ventures/Feasibility Studies||21||06||26||13||25||91|
|Marketing Strategy/Market Research||13||16||09||16||11||65|
|Strategic Analysis & Management||05||06||03||16||06||36|
|Human Resource Structuring||03||03||03||02||05||16|
|Management Control Systems||08||02||01||01||05||17|
|Supply Chain Management||02||01||03||03||03||12|
|ELP Start Date||January 15, 2020|
|ELP Duration||4-5 months|
|ELP group size||4-5 final semester students|
|ELP Supervision||IBA Faculty Advisors|
|ELP working arrangement||Depends on the company. Students will be available for project from Monday-Friday with classes to be held on Saturdays/evenings only. Some companies require students to attend office 5 days a week, while others require once a week arrangement.|
|ELP Stipend||Depends 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 4-5 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 the 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.