The hallmark of a good educational institute is its ability to adapt to the changing times and stay relevant. The courses it offers must reflect not just the present reality but also the possibilities of the future. Lal Bahadur Shastri Institute of Management (LBSIM), has proved its credentials as a premier and dynamic institute of Management by introducing two new courses:
- PGDM (Artificial Intelligence and Data Science, AI and DS)
- PGDM (E-Business)
Both these courses have been designed keeping in mind the changing business scenario. Artificial Intelligence and Data Science have already begun to make inroads into the world of business. Industry leaders are using AI and DS tools to solve complex business problems presented by the dynamic world. On the other hand, with internet easing access and bringing the world closer, E-business seems to be becoming the norm. For young people, therefore, these courses at LBSIM represent an incredible opportunity to carve out a career in niche fields and give them an edge over their peers.
Data and Internet Redefining Business
If internet prodded us to re-centre our lives around it, artificial intelligence and data science are forcing us to re-think our business strategies and the very nature of doing business. Technology and data have become an integral part of medium and big corporations around the world. This has created new employment opportunities for people well versed with both these components. Along with this, the rapid development of Artificial Intelligence tools has opened up interesting opportunities for business graduates. According to estimates by Fortune Business Insights, the market size of AI was valued at $27.23 billion in 2019 and is projected to reach $266.92 billion in 2027.
E-Business is here to stay
Internet has also given rise to E-business. With everything available for buying and selling on the internet and so much information being shared, the opportunities of employment this has created are limitless. This revolution has been aided by an increase in internet and smartphones penetration. The future belongs to E-business, as the following graph shows. According to a study by IBEF, the E-commerce market is India is likely to grow from US$ 30 billion to US$ 99 billion between 2020 and 2024. Despite COVID, E-commerce seems to be booming, with online grocery, E-pharma and social commerce enjoying more consumer attention. A course in E-business, the like the one offered by LBSIM is definitely the right choice for students.
LBSIM - Two New PGDM Programs
1. The structure of the courses
Criteria |
PGDM in Artificial Intelligence and Data Science |
PGDM in E-Business |
Objectives |
1. To equip students with holistic knowledge of AI and DS technologies. 2. To ensure that, at the end of the course, students have technical, analytical and decision making skills. 3. To encourage students to engage with their peers nationally and internationally and develop a global perspective. |
1. To equip students with holistic knowledge of E-Business. 2. To ensure that, at the end of the course, students have the skills to manage and integrate technology with business processes. 3. To encourage students to collaborate with industry experts and their peers nationally and internationally to develop an international perspective. |
Eligibility/Selection Process |
1. Graduate with at least 50% marks. 2. CAT or GMAT Score 3. Group Discussion, Extempore, Written Ability Test and Personal Interview |
1. Graduate with at least 50% marks. 2. CAT or GMAT Score 3. Group Discussion, Extempore, Written Ability Test and Personal Interview |
Structure |
1. Full time 2. Two Year Course 3. Six trimesters 4. First Year- Core subjects include Marketing, Economics, General Management, Artificial Intelligence and Data Science. Second Year-2 electives+few mandatory courses. |
1. Full Time 2. Two Year Course 3. Six trimesters 4. First Year- 21 courses such as Economics, Human Resources, Quantitative Techniques, Information Technology, Finance and Accounting. Second Year-6 elective subjects+11 core subjects |
Focus |
Hands on training on softwares to aid theoretical knowledge. |
In-depth learning in the specialised area of E-Business |
Summer Training |
Mandatory 8-10 weeks. |
Mandatory 8-10 weeks. |
Project Work |
Mandatory Project Work (CAPSTONE Project-200 marks). |
Mandatory Final Project Work (200 marks), which involves detailed research, thesis submission, presentation before external experts and viva voce. |
2. What the courses offer the students
Both courses- PGDM in AI and DS and PGDM in E-Business, offer students unparalleled opportunities to get a head start in their careers. Being relatively niche areas of study, not very popular, students can give themselves this chance to enrol in either of the courses. These courses at LBSIM are designed to fulfil industry demands and make students market ready. There are ample roles one could think of after pursuing these courses. For example after pursing PGDM in AI and DS, students can diversify into roles such as tech managers, software analysts, developers and so on. On the other hand, PGDM in E-business will get students the roles of E-Business Consultant, Business Analyst, Database Administrator, Supply Chain Manager and so on.
3. Advantage LBSIM
In addition to the merit of the courses, which speaks for itself, students find a welcoming home in LBSIM, which helps them realise their full potential. Ranked 3rd in Private B-Schools in Delhi by Education World Magazine and 34th in top Private B-Schools in India by Outlook India, LBSIM offers excellent infrastructure to students, which includes a well-stocked library, computer centre, auditorium, video conferencing centre, state-of-the-art Finance Lab, lecture halls, classrooms along with an excellent faculty. Thus, LBSIM ticks all boxes of a good educational institution.
Students have a chance to boost their career by opting for either of these courses. Artificial Intelligence, Data Science and E-Business are trends that will further get entrenched into the very framework of businesses. Therefore, students who opt for these courses will get an upper hand in the job market.
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