How do live projects in B-schools enhance job prospects in India?

Major B-Schools in the country is now offering live projects to their students in order to make management education more practical and important to the corporate world, providing them with real-time experience and making them ready and comfortable to work in any organization as soon as they graduate. MBA students performing live projects are likely to receive placement, internship offers, or pre-placement offers even before they complete their program.

What is a Live Project?

In a live project, during their studies in a management school, students work with a company in a real-time environment for a certain period of time. Live projects are essentially designed to develop students ' job skills and provide industry experience and insights. Applying their leadership skills in a real-time environment is considered to be the most pragmatic way for MBA graduates. And it also allows them to understand how, once they finish their program, their jobs will be like. The main takeaways of live projects are learning to be a team player, participating in a productive way with colleagues, knowing and aligning with the social values of the entity, among others.

All of these attributes are needed to work in an environment in real time, which is why they are promoted during live projects.

Significance of live projects

Live projects play an important role in providing students with real-time management education. Students are encouraged to classify the area they want to work in during live projects and to pick the project in question. You also get to meet and discuss the plan with trained experts or organizations. Live activities are known as assignments in some schools, and students get points for them. This is critical because during their placements it helps the students.

Job prospects

There are quite high chances of getting a job after doing a live project as students get to know the industry practices well and appreciate the corporate culture during projects, and that's what students want from the companies. "Companies find it easy to deal with students who have worked on live projects. They are like fishermen when hired and placed in different positions in a company, some of the companies also hold competitions where students from top B-Schools compete and the winners earn prize money and pre-placement offers(PPOs) and pre-placement stages (PPIs) and internships.

Relation between B-Schools and Companies

Live projects are of great importance because they help to build mutually beneficial relationships between companies that are seeking young and creative people with a fresh perspective on management and students that are able to fine-tune their training and experiences in the classroom by combining them with real-life business challenges. Such activities help to create a special professional relationship between a B-School and a business where both strive to fulfill the professional needs of each other.