“Learn to see, Learn to Hear, Learn to feel, learn to smell, and know that by practice alone you become an expert “ – Willam Oslar
As soon as you enter an IIM you see yourself surrounded by 300+ with diverse experience in all imaginable disciplines. Your colleagues could be commerce graduates, CAs or CFAs, or industry veterans with extensive expertise in a particular domain. You may find yourself surrounded by folks who have settled on their specialty and career path. While taking on this new endeavor amid all this craziness, it’s easy to be confused and overwhelmed.
MBA life begins on the first day of the induction program, with a flurry of activity all around us and a persistent “Fear of Missing Out.” For someone new to a demanding schedule, it is natural to be stunned by the pace of life at IIM. But you need not worry, because no matter what you do, “Bunny life mai Kuch Na Kuch reh jaata hai”. So just take a deep breath and try to grab an activity that would help you hit the ground running in your MBA life. To help you with the FOMO we encourage the students to pursue a Live project.
A live project is similar to a mini-internship that you can complete in addition to your studies. It provides you with hands-on experience with real-world management issues and challenges. Depending on the deliverables, projects can last anywhere from 15 days to two months or even longer and you need to devote only 2-3 hrs a day to the project depending on the work.
Aside from enhancing your overall profile, live projects allow you to apply what you’ve learned in class to real-life issues, such as time management.
Eligibility for Live Project:–
- If you are a fresher and want to explore different domains like Marketing, IT & Analytics, Strategy & Consulting, Finance, Human Resources, Operations & Supply Chain
- If you are a student having worked in one of the domain but want to explore opportunities in different domains available
- If you are a student having work experience in one domain and want to gain further expertise in the same domain by working with different firms on diverse projects
So basically Live Projects are for all!
Speaking from personal experience, I have always been motivated to apply in Live projects related to the Supply Chain & Analytics domain because it piques my interest.
What I learned from the live project:-
1. Recommending without first putting it into practice is futile: Live projects not only broaden your knowledge base in your field of study, but they also teach you how to practically approach any topic and overcome diverse hurdles.
2. Given that you learn and improvise, few organizations allow you to celebrate failure.
3. Listen to and learn from others (everyone in the team) – Consider different perspectives.
4. Last but not least, competitions will benefit from experience gained via live projects
Benefits I received through Live Project:-
- Networking:- Working with different organizations for a short period will help you earn one of the most important skills of an MBA i.e Networking
- Domain knowledge:- A student throughout an MBA can take multiple Live projects in different domains to get an idea about the job opportunities in that domain thus to get an idea is that sector for him/her considering the career perspectives
- Internship Opportunities: If you perform exceedingly well in your live project, you will be given a Summer Internship opportunity from the organization itself. That’s cool, right!
- Stipend:- Last but not least, most Live Projects are paid opportunities, so the stipend earned can be used for parties, Late night Nescafe coffee & Maggie’s cravings, and so on.
Thus Doing LPs is a good way to enhance your knowledge and support your Pocket !!!
Once you join IIM Kashipur, from the first month itself you will be provided ample opportunities to participate in Live projects across various domains which will in turn help you alleviate your stress level and counter FOMO. I hope this information will help you to understand the importance of Live projects and encourage you to take multiple live projects throughout your course
Hoping some of you guys to see soon at our Lush Green Campus of IIM Kashipur !