Mar
27

Corporate Internship: An ideal time to build your portfolio

The modern way to measure one’s success is probably the amount of information available about them on Google and other online professional platforms such as LinkedIn. And it is almost unavoidable to prove your worth in the absence of a solid online presence, in terms of a profile and portfolio which talks about your career and professional accomplishments. Hence it is imperative to have a reliable online profile and connections with the professional world and people who matter, along with your formal educational qualifications.

Corporate Internship Program

Nearly all management programs from MBA to PGDM, across the globe boast of their ideally created Corporate Internship Programs for their students, and of course it is an integral part of your management education. The 3- 6 months of your internship at a corporate is a part of your journey to learn the art of management, yet this can also be the time you achieve your first milestone of creating a solid portfolio for your future careers and growth. Here are a few steps you can use to utilize your internship time to the fullest:

Using LinkedIn

This is the first and the best way to get started. Make a strong LinkedIn profile and add your neatly written resume along with all the details of your work, internships, summer projects, initiatives taken, and responsibilities handled. Have more industry relevant connections by adding more people to your account, this works a little like Facebook but of course on a far more professional level. One unique aspect of LinkedIn profiles is the recommendation part for your skillset. For example, if you add ‘marketing’ as a skill, you can ask people to endorse you with a feedback or note saying “Stacy has a rich experience and her marketing skills are unmatched. I would recommend her for such roles!”  These recommendations and skills endorsements help strengthen and support your profile can really help you with getting new projects and jobs.

Using Facebook

Yes! You can use FB for professional gains as well, and this doesn’t have to be your ‘only’ FB profile. You can have multiple profiles for different uses. A professional Facebook account can be used to like, share industry and career relevant content like articles, pictures, blogs and you can use the live feature to talk about the events you attend and participated in. Facebook content has a better reach as well, and by becoming members of various professional groups you can reap all the benefits of networking and socializing.

Blogging

If you are passionate about your field of work and reading and writing about it interests you, then without wasting time get on to that blog and start writing about the things that matter to you. Don’t worry about who would read your blog as you have barely begun to work in the industry, it is the very habit and discipline of writing regularly that will fetch you more recognition and rewards in due time. And of course, ever stream of work and industry longs for people who can come up with genuine and creative content.

You can begin with these simple steps and add and edit content to your profile. It is the consciousness of keeping yourself abreast of the changing demands of the digital age, that will help you both personally and professionally.

Mar
27

Big things often have small beginnings

Management students are known for coming up with business plans and income generating ideas but that usually happens after graduation, here a small but interesting story of four FIIB students who have shown early signs of entrepreneurship. Sagar Rajpal (22) resident of Kota (Rajasthan), Mugdha Gupta (22) resident of Gorakhpur (U.P.), Kiranjot Kaur (21) resident of Bareilly (U.P.) and Ishaan Dhingra (24) resident of Gurugram are currently perusing PGDM from Fortune Institute of International Business, and collectively they have come up with their food delivery service called IKMS Foodpal, catering to students living away from home, particularly in PGs and hostels and even the faculty and staff members of their own college.

For many students moving away from home isn’t an easy job and it becomes more difficult when you miss mom’s food! Foodpal the brainchild of Sagar Rajpal, located at Vasant Vihar, New Delhi was the outcome of daily problems that he and his friends were facing ever since they moved to Delhi. The tasteless food served by tiffin wallas or prepared by the cooks at his PG gave him nightmares and adding to his misery were long college hours that left him with hardly any energy to cook for himself. The only solution was to either eat out or order food from outside which was heavy in the pocket let alone the harsh side effects on health.

The group of four decided to give this idea a concrete platform and began working on it.

IKMS Foodpal as their FB page says stands for- Ishaan, Kiran, Mugdha and Sagar Foodpal, they give out daily menu through WhatsApp and Facebook and take orders from the vicinity of their college. Each member heads one department and works in cooperation to achieve their goal of providing tasty and healthy yet affordable home like meals to students.

At Foodpal, Sagar takes care of all the Purchases whereas Kiran looks after funds and everything related to day to day cash inflows and outflows and finally Ishaan and Mugdha together take care of the final product by supervising the chef and making sure that the taste and hygiene of the food is maintained at every level. After an intensive, potential market study the team works on their respective areas, searching and inquiring about the best sources. From procuring vegetables, spices to packing material and delivery everything is planned and worked upon in detail.

IKMS Foodpal has 4 core members, two cooks and a huge support from their families, friends, co-students, and FIIB faculty and staff members. They do have plans to expand their business in future, however, for now, their target is to serve every individual in their immediate circle, who longs for tasty and homemade food at a city unknown and far away from home.

Mar
23

Alumni Relations: What keeps them coming back?

Alumni base is an extending family which keeps expanding with each year, provided the institute makes exceptional efforts to keep in touch and regularly make efforts to bridge gaps. Good alumni relations are not just a vanity factor in establishing the overall image of an academic institute, in fact they work in far important ways than just keeping an emotional touch with the students.

Management colleges probably benefit the most from such relations as there can be no better brand ambassador for an institute than its successful and well established alumni. In fact potential students look for the alumni section the most to see what kind of placement does the college offer and how well engaged is its alumni group.

Invitations for events, conferences, seminars and guest lecture do well in establishing a better network with the alumni however, a few less time and commitment demanding measures can also be adopted. For example engaging the alumni though social media can really work wonders. An active Facebook page, twitter account and a credible and up to date LinkedIn account and endorsements work in building a strong image of the brand. And some of the similar platforms can also help in bridging the gaps between the fresher students and their seniors and alumni, and give a good exposure. Mentoring by alumni groups can also bring a lot of benefits to the new students which can be done through Live Projects and Corporate Internship Programs and regular interactions.

Our Alumni

At FIIB we have a global and robust alumni network with 1920 students graduating from FIIB in past 22 years. Apart from alumni-oriented events, guest lectures, help with GD&PI, industry connects and conferences, and Cultural & Sports Events our alumni are also formally supporting us through an Alumni Advisory Board to help the institute fulfill the mission of the Alumni Association. Which comprises of a Chairperson – Executive Director, FIIB, Chapter Heads (President and Vice President) of the Regional Association Chapters, Batch Emissaries Special Appointees FIIB Members (Alumni Relations Officer, CMC Faculty Chair).

Last year we held two major alumni events: An Alumni Meet and Awards Night: Samanvay 2016, in December 2016, celebrating the achievements and accomplishments of its alumni since its foundation. The event received more than 650 alumni registrations and over 400 alumni attended it. In August 2016, 1st International Alumni Chapter Meet was held to connect with FIIB Alumni working in very senior level positions in Dubai.

Mar
22

Internship at at Birla Sun Life Insurance

For any MBA student, the interim internship is one of the most crucial aspects as it teaches us how the industry works from a first-hand view. For most of us, this might be the first glance into the corporate world. An internship is usually seen as one’s ability to work in a specific function under proper guidance from a mentor in the firm.

When I joined the Fortune Institute of International Business, the first thing I noticed was the previous marks on the notice board regarding their CIP reports. At that point, I did not realize what an important role the experience and the skills I would learn in the 3 months’ internship would play.

When the process started, I was nervous about whether I will get a good company or not. But thankfully, I got through the Birla Sun life’s interview and got selected. I was informed that the work would mostly revolve around portfolio management. As an Investment banking aspirant, the knowledge that I would acquire and the skills that I would develop in this role would help me immensely in the future.

One of the things I have heard most about Birla is their brilliant and helpful work culture which is something I would like to be a part of. Since this would be my first ever “job”, I am mostly excited to be given some real responsibilities other than the house chores I am used to. I am also excited for the training which would revolve around how analysis is done and decipher the best instruments to invest it. On top of that, I am eager to find out how the work is carried out in these large financial institutions. I do however hope that I get a nice workspace which is free from disturbances and also allows me a space for creativity.

I do have to mention that I detest wearing formals and would prefer to be in pajamas all day. So, I do have a bitter thought in my mind regarding that but it is a most welcome change. I do have apprehension regarding my travel route and the timings but I am willing to work through those. Not to forget, I would prefer to see familiar faces around me but I have realized that I cannot have my way everywhere.

Internship at Birla Sun Life Insurance Company Limited

Aishwarya Bajpayee

Class of  2018

 

Mar
21

Corporate Internship Program Anticipation

Finally, it’s time to step up on the first step of the ladder of my career in my PGDM where I dreamt of achieving my goals.

On the very first day of my PGDM, I was very nervous about my future but now once I got selected for the very first interviews where I got some vision to direct my life because I never hoped that I am even capable of doing a Corporate Internship Program and this made me think that how the placement plays an important role in my career.

The selection in the interview for the internship gave me a boost because I had not only got selected in a single company but in another company as well and now I had a proposal of two companies at the same time, the moment I got this news, I was in heavens but now the situation becomes dicier here as it’s about options and things become more difficult when you get many options for the same price. This lands me up in a confused cloud.

So, I took the help of my mentors to get through this confusion and they said “whatever you do, just give your best and you should see your experience instead of seeing companies” this gave me such a relax and great inspiration which made my selection easier.

Now, this is the time to go for the option which I have chosen after so much of anxieties and to this, I selected one of the best companies out of those two but unfortunately, that company has selected some other candidate which they might have probably found better than me.

This gives me a lesson “Never take the things for granted” & “there is always a suitable time for suitable things”.

After all this I finally got the joining letter of the preferred organization that is “Ingenetus Consultants” a start up. The startup puts more and more responsibilities on your shoulders and this will somewhere help me in gaining the in-depth knowledge of the organization to enhance my experience more.

I anticipate that in my Corporate Internship Program I will be able to seek good social experiences as well as improve my management skills because I am a Marketing student and this will help me to make my CIP report best amongst my batch mates.

Student Entry by –
Prateek Monga,
Class of 2018

 

Mar
20

Industrial visit experience at Mother Dairy

As management students, we need to know about different industries, to keep ourselves updated about how they function, how they manage their business operations, how do they manufacture, price, and promote them after distribution, how they identify and meet their customers’ needs and demand etc., and Industrial visits serve as easy means to understand all this.

Mother Dairy- Industry Visit
We recently visited Mother Dairy at Patparganj, Delhi. A company that basically sells milk and milk products to customers. They are presently the market leader in Delhi NCR. We met the Senior Executive of Mother Dairy Plant, who introduced us to their company and the competition in the industry. He explained their entire product line, the reason for pricing for each product, trucks helping in transferring milk from plant to retails shops, advertisements on various print media etc. We learned how their plant works every day, how the maintenance work is done if damages are found, how trucks help milk get distributed in the market etc. We also got an opportunity to interact with the other visitors from various colleges. Then we were taken to see the live plant operation at Mother Dairy, where they demonstrated how the employees do laboratory tests to determine the purity of the milk. Finally, they talked about Mother Dairy’s future plans to expand their business beyond Delhi NCR and how they are going to compete better with their competitors. For a sustainable future, they are using solar panels to save electricity. They also have coin based milk ATMs to protect the environment from pollution.
Learning was immense for all of us after the industrial visit was over but I personally got an overall idea how Mother Dairy manages its brand, maintain good relations with the retailers, and how they estimate consumers’ needs and wants from time to time. I personally felt, many Operation Management principles which we are studying, were being used by Mother Dairy for smooth plant operation.
I hope I get more of industrial visit exposure in future, to know about some more industries.
Of course at the end we were given the customary Mother Dairy Ice Cream!

– Student Entry from Akash Patra

Mar
08

Women: From Motherhood to Mars  

 

Last month in February a news caught our attention that 16 women crew members of Air India embarked on an unusual journey of ‘Women Only Crew’ flying 15,300 KMs in a non-stop international flight, it was certainly a moment of pride that I and many other women take in being a woman. From flying planes to taking the lead in protecting our country on the border to being the Rocket women of India and handling the Mars Orbiter Project, women are doing it all and breaking the stereotypes every day.

However, if you observe closely, women still haven’t got the right share of empowerment and growth as compared to their male counterparts. According to Forbes’s Most Powerful People of 2016, only 6 women’s names made to the list. And there are still parts of the world where women are not treated as first rate citizens and employees. There are many pioneering issues that are looming large and hindering women’s growth globally:

  • Poverty and lack of jobs and opportunity
  • Disparity in wages between men and women
  • Human Trafficking/exploitation
  • Poor health and maternity benefits
  • Social obligations and stigmas

What has gone right?

However, we also see small positive steps taken in the direction of addressing these issues, especially by the government and corporates, for example:

  • Universal Women Helpline to protect women from violence and exploitation
  • Several Training and Employment Program for Women
  • Government initiated Micro-Finance services for women to help them with small home based business set ups
  • Medical benefits and work relaxation during and after pregnancy.

Corporates and MNCs have also taken a few big steps by giving preference to women in terms of recruitments and hiring and even extending the 12 weeks’ maternity leave to 24 weeks, and supporting NGOs that work for the empowerment of women. Be it the corporate ladder or the family structure, it’s all about providing equal opportunities and platforms to women to help them become an equally deserving member of our society and work places.

At FIIB it is our persistent effort to provide equal opportunities for our female students, from internships to placements and acknowledging alumni achievements. Girls make 33% of our student strength and with each batch we are striving to achieve a higher percentage.

 

Mar
07

Sustainability during Festivals

Holi is just around the corner, the festival of colors, and unity with a lot of fun and of course food. Like many other Indian festivals this one too sees a nationwide celebration, themed events and a lot of bad and not-so-environmental-friendly practices and social rituals, including the use of chemicals, sprays and artificial colors, along with massive waste of clean water and pollution of local water bodies and resources. In fact such practices end up affecting the people themselves and many suffer from allergies and rashes due to the use of chemicals and artificial substances.

What to avoid? And what better ways can we adopt?

Here are a few steps one can take to celebrate a more sustainable and environment-friendly festival:

–       Avoid chemical based color and sprays, and buy only the organically made colors. Better yet, you can even try your hand at making colors at home with locally produced flowers and leaves. Multiple sites are available online giving tutorials on preparing organic colors at home which are far skin friendly than their chemical alternatives. In fact the youth can even do some profit making by coming up with sustainable business ideas of producing and selling organic and homemade colors.

–       Avoid playing Holi with water as it directly hits the availability of water for the next few days, moreover when used for balloons and plastic water packs not only does it cause injury to people and children, the use of polythene further becomes a threat for the environment. And if you must play with water then make sure you keep the use to the minimal level and encourage others to do the same.

–       Look for variations and alternatives, for example you can also play Holi with flowers and leaves as they produce not only colors but fragrance too, and are completely organic and environment friendly too.

–       Be considerate towards the animals too, avoid putting color or smearing your pets with chemical based Holi colors as it creates many hazardous effect for them too and they suffer in silence.

Festivity forever

 Celebrating large scaled festivals is quite a part of the fabric of India and Indians, however being a responsible citizen includes adopting sustainable measure to live and celebrate. A few changes here and there can bring about a big and significant change in the way most of our festivals end up with.

Mar
03

Avoiding common mistakes during Group Discussions

Good communication skills are as important as a good educational qualification. You may be excellent at your work and possess all other necessary skills to perform well in your job and the role around it. However, communication skills give you an edge over others, as often good orators and presenters are considered as people good intellect and thought process too. Employers also associate good communication skills with better employability skills.

MBA admissions

Most of you may be at the early stage of your careers or are aspiring management students and professionals, hence it is crucial for you to give the importance of communication skills in the roles you aspire to take up in your jobs. A dress rehearsal or run through to map this could be the participation in Group Discussion and Personal Interviews during admissions and recruitments drives, and keeping a few points in mind could prove to be really helpful. One can take care of the following things during the GDPI:

Introduce yourself well and pay attention when others introduce themselves, this will give you an idea about what social background they come from and their thought processes too. Be yourself but don’t overdo that part. You should certainly be at ease while you participate in the GDs avoiding any tension in your body or mind, however, one shouldn’t confuse it with being too casual, or careless about maintaining a decorum and avoiding and unparliamentary language of verbiage. At all occasions keep it mind that you intend to get into an environment of professionalism through these discussions.

Make yourself heard but don’t shout to gain everyone’s attention. Admission teams and employers usually don’t miss out on candidates who speak clearly and boldly keep their views forward. Cutting others short and disrespecting their views would only show you in a negative light, and may lead to your non-selection. Also, avoid taking discussions personally, as you would also be judged on your ability to handle opposition and criticism.

Don’t haste and take sufficient time to form your answers and ask the moderators or company representatives to repeat the questions if you haven’t understood. Avoid speaking without thinking or weighing your answers and of course, make sure that you stick to the topic and not deviate from it. For example, if the given topic is ‘demonetization’ the avoid talking about comparing BJP with Congress or AAP or any other party. Stick to the topic and mold your responses around it, by using simple language that all participants can understand. People with clear and simple communication are usually the first choice of employers.

Last but not the least, make sure you finish your responses in due time and let others also speak and put their views forward. Also, try to bring the discussion to a valid and relevant conclusion for all to understand and something that everyone can take note or inspiration from.

Mar
02

Blood donation

No matter who we are, no matter what little we are capable of, we can always do something to help others.

Blood donation

Recently, FIIB’s Jaagriti Club had organized the annual blood donation camp in collaboration with Lions Club, and I too, donated a unit of blood, however, I would like to share that this was the 12th time I donated blood in last 3 years. I am also associated with the 4 leading organizations who work for the similar cause and helps people with medical emergencies. Needless to say that it feels great to be a part of such a noble cause, even if it is donating one unit at regular intervals.

Though I took inspiration of donating blood from a popular Blood Donation Campaign on TV stating ”karke dekho, achha lagta hai!”, and of course from my friends and family members, I also feel sad about the fact that not many people know about the process and how with barely any hassle we can change and save someone’s life. I happened to talk to a few friends about the benefits of donating blood, but found them completely afraid of it, as they have harbored a lot of false fears and apprehensions about this process.

Blood Donation.

I understand people’s fear of about donating blood however, keeping a few things in mind can really take the tension off the process. You will not become weaker by donating blood, rather the process can help keep you out of the risk of catching diseases related to heart and liver, and it also gives you a better blood flow and great iron level in your body. Make sure you donate blood to a recognized blood bank or NGO, and always ask for a fresh needle and a certificate too. This association in return will help us too during a similar medical emergency.

During our management classes, we often talk about sustainability and corporate social responsibility, and how a true leader can never emerge in isolation from the society and the people. We cannot ignore the little things we can do within our immediate circle, for people, for nature and the environment. I think, if we truly believe in adopting sustainable measures for a bigger cause, it has to start from us. Each individual can contribute towards the betterment of the society, and these practices can really help polish our leadership skills rather than just sitting in a classroom and flipping through the slides of a fancy power-point presentation.

Student Entry – Aman Buddhraja

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