BE A TRANSFORMATIVE LEADER

Snapshot

Management institutions globally are facing major challenges today, which are a function of tectonic shifts in the techno-socio-economic landscape of the world; and the digital revolution occurring in Industry 4.0, ushering in the shift from an industrial to a knowledge economy.

Today, Industry 4.0, an increasingly-used term to collectively represent businesses driven by Artificial Intelligence, Machine Learning, Automation, Robotics, Cloud Computing, IoT technologies, among others is creating new kinds of job roles whilst simultaneously rendering redundant, if not irrelevant, a large slice of the conventional workforce. The question is, how should educational institutions respond to this changing nature of work in terms of new skill sets? What kind of education will equip the students to remain relevant in the future?

Learning to Learn

IFIM Business School, Bengaluru, in association with National Human Resources Development Network (NHRDN), undertook an initiative to identify the relevant skill sets for Industry 4.0. The findings revealed that the future professionals would be those who are a combination of a liberal education having a wide breadth of knowledge across multiple disciplines, combined with in-depth knowledge and skills of a specialised area. According to the study, successful future professionals will be ‘T’ shape professionals that combine both width of a liberal framework of education, and depth in specialised areas of one’s profession.

The study also pointed out that technological disruptions may result in professionals finding themselves becoming ‘irrelevant’. Hence, ‘learning to learn’ or learning orientation will be the key for future professionals to remain relevant.

This can be achieved only when educational institutions take major initiatives in investing in an education that will prepare students for the “future of work.” This will entail educational institutions to invest in education that prepares the graduates to embrace change and be life-long learners. Institutions will require a rebooting of their curriculum, pedagogy of teaching-learning and the faculty. The focus of the Institutions will be to groom Transformative Leaders, who will be playing the role of Change Agents for the companies in the future.

Changes, Beginning with Curriculum

The first change will have to be the curriculum. Instead of a one-size-fits-all approach, the curriculum should facilitate the process of ‘discovery’ — encouraging ‘exploration’ and ‘experimentation’. Students should be able to customize their learning pathways depending on their style, pace, and learning orientation.

The second big change will be to facilitate ‘holistic development’ and ‘holistic grooming’ of the students. As the “100-year life” becomes a reality, majority of that life is anticipated to be spent working. Students will need to be exposed to multiple disciplines across humanities, performing arts, design, language, science including natural sciences covering all the eight dimensions of multiple intelligences. This exposure will enable a student to discover one’s potential. A holistically developed graduate is expected to be prepared to embrace change with an ability to respond effectively to changing career options at different stages of one’s life.

As data becomes the new oil, the third change will be the integration of technology across courses. Today, AI and Big Data are being used across diverse professions, ranging from medical sciences and healthcare to sports and entertainment. Institutions will need to develop amongst their graduates an appreciation of data integration with their areas of professional expertise.

In the years ahead, most of the repetitive tasks and easily deciphered problems will be handled by machines. Human beings will be more involved in decision-making and imagining the future possibilities. The pedagogy of teaching-learning will need to move away from information dissemination to imagining the future. A typical in-class case discussion will no more be about ‘what happened?’ but will be about ‘what can happen?’. This will imply a change both in the content and in the delivery. Institutions will need to travel that extra mile to re-ignite the imagination ability of their students, take an approach to learning that can facilitate self-learning and make students learn ‘how to learn’.

In a country like India, where exists the issue of social inequality, our institutions need to make students socially responsible and be sensitive to the issues of distributive justice. No professional will be able to function in the future without an understanding of the impact of their actions on the environment and society. Interventions that expose students to the issues of social reality, including the SDGs (UN Sustainable Development Goals), will be a requirement in the planning of the curriculum for the future.

The essence of ‘leadership development’ lies in ‘self-management’ and ‘self-development’. The findings of the IFIM-NHRDN survey clearly indicated ‘wellness’ and ‘fitness’ as integral elements of managing one-self. As institutions prepare graduates for the ‘Future of Work’, there will be an urgent need to integrate ‘wellness’ and ‘fitness’ as part of the required curriculum, particularly in the post Covid era.

academic calendar
Duration

2 Years

Intake

120 Seats

Department

Business School

Degree Type

MBA 4.0

MBA 4.0 is Suitable For

The list of publication by IFIM Business School Faculty over the past five years are given below:

S.No. Category Role at Graduation Role Post MBA 4.0 Benefits
1 Fashion Design Graduates from Institutes like MIT, Pune, Pearl Academy, WLCI School of Design, etc Merchandiser, textile designer, Fashion Consultant, knitwear designer Senior Designer, Design Principal, Site Merchandiser, Fashion Manager “FastTrack your career with a Giant Leap, by enrolling in our unique MBA 4.0 Liberal and Professional Program along with a specialization in Communication Design management and Digital Sales and Marketing”
2 LAW Graduates from Institutes like GNLU, Symbiosis Law School, NLU Jodhpur, etc Legal Consultants. Trainees, Practician, Legal Experts Corporate Lawyer, In – House Corporate Legal Counsellors, Legal Advisors “Get an entry into the world of Corporate Law as a fancied Legal Advisor / Counsellor or a renowned corporate lawyer with our MBA 4.0 Liberal and professional Program along with a specialization in Competition Law and Market regulations”
3 CA/CS/B.COM Auditor, Accountant, Company Secretary Actuary, Chief Financial Analyst, Compliance Expert, Quantitative Analyst, Data Specialist “Expand you career prospects by rediscovering your Financial brilliance with our unique MBA 4.0 Liberal and Professional Program along with a specialization in Communication Design and FinTech”
4 Fine Arts / Performing Arts from Universities like LPU, Fine Arts College for Women, Avantika University, etc. Corporate Trainee, Art Directors, Illustrators, Theatre Specialist, Sculptor, Therapists HR / Cross Cultural Manager, Event Manager, Consultants, Creative Associates “Innovation and creativity is what defines you. Utilise it in the corporate world to get recognised globally and rewarded by enrolling in our very unique MBA 4.0 Liberal and Professional Program along with a specialization in Communication Design and Digital Sales and Marketing”
5 Media / Journalism from Universities like Parul University, Woxsen School, etc. Editors, Journalists, Interns, Trainees Media Manager, Media Planner, Media Strategist, Marketing Analyst, Digital Media Analyst, Corporate Communications, Channel heads “Take a quantum leap and secure a leadership position in the field of Media and Journalism with our unique MBA 4.0 Liberal and Professional program along with a specialization in Communication Design and Digital Sales & Marketing”
6 Music & Film Making from Institutes like Whistle Wood, Kurukshetra University, GD Goenka University Specialists, Consultants, Editors, Trainees, Directors, etc Entertainment Strategist, Industry Analyst, Consultant, Studio Executives, Marketing and Publicity, PR, HR / Talent Acquisition. “Start your Entertainment career with a creative boost and be a CAT in this rat race by enrolling in our unique MBA 4.0 Liberal and professional program with a specialization in Digital Business Analytic and Communication Design”
7 Communication Design Professionals from Institutes like Pearl Academy, UPES School of Design, NMIMS School of Design, etc. Design Consultants, design editors, design engineers, creators, Entertainment Strategist, Industry Analyst, Consultant, Studio Executives, Marketing and Publicity, PR, HR / Talent Acquisition, Content Writers “Boost your passion with a wide range of career opportunities and rediscover your true self by enrolling in our unique MBA 4.0 Liberal and Professional program with a specialization in Communication Design and Digital Business Analytics”
8 BSc Graduates from Universities like LPU, SRM University, KIIT, etc. Scientists, Physician Assistant, Software Developer, Network Administrators, Program Designers, Software testing. Digital Marketing, Marketing Analysts, Business Analyst. “Gift your career a smooth journey with a wide variety of options and opportunity by enrolling for our MBA 4.0 Liberal and Professional program along with a specialization in Digital Business Analytics and Digital Sales and Marketing”
9 Social Sciences & Humanities from Universities like LPU, Amity University, Chandigarh University, etc. Writers, Editors, Development Officers, NGO Social Welfare Officers HR Analyst, Business Analyst, Administrators, Operations Manager, Content Writers, Communication Officers etc. “Ignite your passion with a wide range of career opportunities and rediscover your true self by enrolling in our unique MBA 4.0 Liberal and Professional program with a specialization in Communication Design and Digital Business Analytics”

Program Delivery

Delivered across two campuses under the leadership of a program head who will travel across campuses along with the students.

  1. Foundation: Mumbai
  2. Term I, Term II, Term III, Term IV: Bangalore
  3. Term V, Term VI: Mumbai

Who can apply?

  • Design and fashion graduates
  • Law graduates and Company Secretaries
  • CAs and ICWAI
  • Graduates in Communication and Applied Arts

Eligibility Criteria

  • Test Score: CAT / XAT / MAT / CMAT / GMAT / NMAT / GRE / VSAT

Selection Process: IFIM’s much famed three stage / multiple stakeholder feedback based admission process will be followed

  1. Test of Innovation Potential 
  2. Group Exercise 
  3. Personal Interview

Fee Structure

  • Academic Fees: INR 12 lacs
  • Super-specialisation (optional): INR 3.5 lacs inclusive of travel, visa, and tuition (Boarding and lodging - as per actuals)
  • Hostel Charges (Boarding and Lodging): As applicable
  • *Fees might vary based on the number of credits chosen by students