Monthly Archives: February 2015

Internships are of Vital Importance

Internships are of vital importance to engineering students who prepare for careers in private industry, consulting, government and research. Internships bridge the gap between theory and practice, and provide students with practical, field-based, real-world experiences during their years of study JK Lakshmipat University (JKLU).

The USP of JKLU is to offer its all engineering students two well-structured internships one for 30 to 45 Days in post 4th Semester (May-June ) and second which is of extreme importance and value is of Five-Six Months in the Final Semester .

The students are given enough time to choose mentor & company, decide location, and find suitability of their courses and industry where they have to go.

First Internship known as Practice School- I is for 4-6 weeks after completion of 4th semester during summer term. The objective of this programme is to provide the students an understanding of working of corporate world in various functions associated with an Industry/Organization. During this programme, they observe and learn various real world applications of their curricula and develop an understanding of vast engineering operations and its various facets such as inventory, productivity, management, information systems, human resource development, data analysis etc. The general nature of PS-1 assignments is of study and orientation. Students who have no exposure to Industry realize how ink-paper is transformed into Missile or Mobiles. Each Faculty guide students to choose their topic/industry of interest-and when they come back from PS-I -their fertile mind is full of innovative, mind-boggling questions -again for next three semester they co-relate theory with practical.

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Career Options for a MBA in Finance

Finance is one of the most sought after specialization of MBA. It is one of the oldest disciplines of management. Finance as a subject involves the management, control and review of the collection, investment and resources of money as a capital required for an industrial building, plant and working. Thus, financial management is concerned with the planning and controlling of the financial resources of an industry. In the foundation course on finance, the students are offered the knowledge and skills of analytical thinking, concept of managerial decision making, maintaining balance between risk and profitability, coordination of processes and centralized nature of finance.

MBA in finance is most sought after program across the world. One can do the MBA in finance, preferably from top B Schools in India after the completion of UG degree in diverse fields, viz., Engineering, Management, Medical, Science, Commerce, Arts and Humanities. A MBA in Finance, apart from the usual compulsory courses, will include courses in Investment Management, Portfolio Management, Working Capital Management, Taxation and Tax Planning, Corporate Valuation, International Finance, Management Control System, Banking and Insurance Management, Financial Risk and Derivatives Management, Financial Statement – Reporting and Analysis and Management of Financial Services. Institute of Management (IM) at JK Lakshmipat University (JKLU), Jaipur, amongst the top institutes for management in India offers MBA in Finance and has one of the best and strongest finance department to support it.

Quite often or not, we tend to create terms such as “The LPG Era”, “Computer Boom Era”, “The Information Technology Era”, “The Bio-Technology Era”, and so on. Looking to the current times, we can say that we are living in “The Financial Era”! All round us, the demand for the finance professional is growing by leaps and bounds, thanks to the sizeable growth in the Banking, Financial Services and Insurance field, more commonly referred to as the BFSI vertical. Therefore, a sizeable chunk of MBA aspirants specialize in finance these days since such a specialization paves way for high-paying job in banks and financial sector. With the global financial crisis striking in 2008 and the current Greek – Eurozone impasse continuing to threaten world trade, companies all over the world feel the need for financial specialists who can come up with quick solutions, taking the volatile conditions of the market into consideration. Finance is indeed an important part among the processes of any company and thus, there are plenty of career openings for an MBA Finance degree holder from JKLU, best college in Rajasthan for management studies and amongst the top private universities in India.
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Role of Corporate Sector in Indian Higher Education

Since the time of independence the Indian higher education sector has come a very long way from 20 universities and 500 colleges to over 650 universities and more than 33,000 colleges in 2011-12 to become the one of the largest in the world. India now ranks second after China in terms of enrolment of students. The government has set a target to achieve a Gross Enrolment Ratio (GER) of 30% by 2020. This sharp increase will be made possible in part due to the large number of private institutions of higher education set up by the private sector and the support of corporate sector. Currently more than 60% of higher education institutions are private institutes*. During last decade several other private universities have been established with the support of the different corporate sectors in India.

This support of corporate sector creates a new vision for Industry academia partnership, which linked with various advantages in terms of industry ready engineers. This partnership opens new chapters in terms of Corporate involvement in curriculum and content design, Joint seminars by academia and industry, Projects conducted under industry mentors, Industry experts in governing councils and boards of advisors, Summer internship opportunities, Academia generating ideas and acting as incubators for entrepreneurs, Industry visits for students and faculty, Guest lectures by industry representatives and much more.

The support of big corporate sector goes back a long time, like support of Tata and Birla to start colleges for higher education and research. Likewise JK Organization, one of the leading Indian corporate of the country with a rich heritage of more than 100 years, is strongly committed to support the Education and Healthcare. It started JK institute of Applied physics and Technology, Allahabad (1949), JK cancer institute and hospital in Kanpur. To ensure a good quality education JK Organization established a multidisciplinary university JK Lakshmipat University (JKLU) at Jaipur in Rajasthan in 2011 focusing on Engineering and Management. The responsibility of these top universities of India such as JKLU is to transform the students into a learned and skilled professional so that he can work well for the socio economic growth of India.

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