Fortune Institute of International Business, Delhi

About College:

The Fortune Institute of International Business (FIIB) is located in South Delhi. It was established back in 1995, and has a single acre campus. The institute was founded by Mr. R.K. Shrivastava, an IIM- Calcutta alumnus, who was himself a noted educationist in his time. The college is autonomous, with its courses being approved by the AICTE (All India Council for Technical Education). The FIIB has also been accredited by the AACSB (Association to Advance Collegiate Schools of Business), whose Business Education Alliance member, the institute is. The Fortune Institute of International Business is also a member of the AIU (Association of Indian Universities). 

The FIIB is solely dedicated to management education. For this, it provides the two- year Post Graduate Diploma in Management (PGDM), which thanks to the AICTE recognition, stands equivalent to any MBA in the country. The PGDM can only be taken in the field of General Management, as the FIIB strongly believes in developing all- round managerial skills. Under this scheme, students go through all major subject areas, before deciding on there are of choice in the second year during their summer internship. The students enrolled, may opt for specialising from the areas of- Finance, Marketing, Human Resource Management (HRM), Information Systems Management, International Business (IB), Operations Management and in Strategy & Entrepreneurship. There are further electives to be chose from, under each of these specialization areas. 

Admissions to any branch of the PGDM is via any of the nationally or internationally recognized entrance exams such as CAT (Common Admission Test), MAT (Management Aptitude Test), CMAT (Common Management Aptitude Test) or ATMA (AIMS Test for Management Admissions). Post the results of the CAT being declared, shortlisted students need to appear for the PI (Personal Interview)- WAT (Written Ability Test) round. In addition, the FIIB has also floated a PGDM with specialization in Business Analytics. This is meant primarily for working professionals, seeking a skill upgrade in this particular area. Industry experts and academicians have together designed this course curriculum. 

The Delhi- based Fortune Institute of International Business has also been extremely proactive in sealing agreements with foreign universities. This helps in research collaboration, facilitating exchange programmes and generating consulting assignments. Such partners of the FIIB are located all over the world, in the countries of USA, France, South Korea, Finland, Italy and in neighbouring Nepal as well. These institutions respectively are- the Sam Walton College of Business in the University of Arkansas, Burgundy School of Business, Solbridge International School of Business in the Woosong University, the University of Tampere, University of Salerno and the Uniglobe College from Kathmandu. 

There is also a Business Study Tour, as part of the PGDM. Students have visited these countries mentioned, plus Slovenia, UAE and to China. They have also visited the factories and office premises of some leading companies such as Nokia, RAK Ceramics, Yakult and Damola. Students from some of these foreign universities have also visited and spent time at the FIIB. Research plays a very important role in the development of the Fortune Institute of International Business. Towards this end, the college produces its own research journal, where it chronicles all the major findings by the FIIB faculty members. Students’ research during their internships and live projects are also counted in, if seminal. This journal is named he FIIIB Business Review (FBR). 

Several Centres of Excellence have been curated on campus. One of them is for the timely preparation of the FBR itself. Another is the CESIBA which is the Centre for Service Innovation and Business Agility. The third is the SDC or Sustainability Development Centre. Sustainability is one of the key concerns, the college is working towards. The last one is the FCRC or FIIB Case Research Centre. Its activities are self- explanatory by name. Several conferences, seminars and guest lecture sessions are also held on campus. These help the students to get more employable, as they understand the real- world challenges. A regular feature is the Operational Excellence Conference. 

A number of the FIIB faculty members have got their works published on recognized peer- reviewed journals. Some of these journals where these works for published include the likes of- the IIMB Review, Kurukshetra, International Journal of Process Management & Benchmarking, International Journal of Systems Assurance Engineering & Management, Amity Journal of Interdisciplinary Research, Yojna, International Journal of Technology Marketing, and many more. Regular MDPs (Management Development Programmes) are also conducted on campus. These are held to train working professionals on various managerial techniques. These MDPs have rotationally been floated and then executed by the different departments. 

Internships and campus placements are a key part of the Fortune Institute of International Business. Students are also periodically sent on short- term Live Projects. Some of the top companies that have recruited from campus on any of these modes in recent seasons, includes the likes of- HDFC Bank, MDRA, Shriram Group, Karvy, RNCOS, IHPL, Grofers, IL&FS, DB Group, Gallop, SPA Capital, Quikr, Colgate, Nestle, ITV Network, Matrix Cellular, IDBI Federal Life Insurance, OYO Rooms, Axis Bank, Benetton India, Hector Beverages and many more.