Home » Fortune Institute of International Business aims to create affordable courses; to focus on adapting new technologies in the curriculum – Education News

Fortune Institute of International Business aims to create affordable courses; to focus on adapting new technologies in the curriculum – Education News

The 30-year-old Fortune Institute of International Business (FIIB) claims to offer a spectrum of programmes. These include MBA programmes accredited by the AICT and doctoral programmes tailored for both full-time and part-time students. FIIB’s approach to curriculum development revolves around teaching what truly matters to the industry, whether in the realms of social or business dynamics. We strive for futurism, continuously asking ourselves how we can make a lasting impact, Radhika Shrivastava, executive director, Fortune Institute of International Business, told FE education. “Moreover, our commitment aligns with the United Nations sustainable development goals, underscoring our dedication to a global, holistic and forward-thinking education,” she added.  

 Moreover, the institute claims to register  an average of  approximately 300 students across  all courses, every year. It claims to have created a  a network of around 3300 alumni. For its Post Graduate Diploma in Management, the institute claims to charge a fee of Rs 10.10 lakh  and for the part time Doctoral Programme it claims to charge a fee of Rs 4.5 lakh. The institute further claims to have a 100% placement rate with an average package of Rs 10.4 lakh and the highest package reaching Rs 24 lakh last year. “On average, our students achieve a return on investment in less than a year. Last year, our highest package reached 24 lakhs, three times the initial investment made by the students. We prioritise not only preparing students for jobs but for long-term careers. Our approach includes developing essential skills, fostering a problem-solving mindset and instilling a commitment to ethics and societal responsibility,” she said. 

Furthermore, it is largely believed that  management education in India is rather an expensive affair  compared to other subjects. The institute claims to have created a host of scholarships in order to remove the entry barrier.”  “We have scholarship programmes that cover 100% of tuition fees for outstanding students. Additionally, we offer scholarships for students with specific needs, such as single mothers, individuals from an army background or those working in the NGO sector. Our commitment to affordability extends beyond entry, as scholarships continue based on academic performance throughout the programme,” Shrivastava informed. The Institute also claims to explore collaborations with corporate partners and alumni to sponsor more scholarships in the future.

As experts suggest in an era characterised by rapid technological advancements, staying relevant is paramount. FIIB claims to have taken multiple measures to ensure that its students are well-equipped to navigate the dynamic landscape. “We believe in embedding analytics across all domains, acknowledging the significance of data-driven decision-making. Our curriculum reflects this commitment by incorporating cutting-edge technologies such as AI, ML, Python, Power BI and Tableau. However, our approach goes beyond technical skills; we emphasise the development of critical thinking, problem-solving abilities, empathy and human connection,” she added.