Business schools have embraced innovative teaching approaches, moving beyond traditional lectures to incorporate dynamic discussions, case studies, and real-world applications. These methods sharpen students’ critical thinking, problem-solving, and teamwork skills, preparing them for complex business challenges. Among the institutions leading this transformation, Vivekanand Education Society’s Institute of Management Studies and Research (VESIM) stands out for its commitment to holistic development, shaping students into empathetic, all-round leaders. Recognizing its excellence in fostering future-ready professionals through cutting-edge academic practices, we are proud to honor VESIM as the Business School of the Year 2024 at the Education Excellence Awards.
VESIM in a Nutshell
Vivekanand Education Society’s Institute of Management Studies and Research (VESIM) is a distinguished constituent of the Vivekanand Education Society (VES), an esteemed educational organization founded by the visionary philanthropist Shri Hashu Advani. VES operates 26 institutions in Mumbai’s Chembur area, committed to providing quality education, particularly to economically disadvantaged communities, with the broader goal of contributing to national progress. Serving over 24,000 students across various educational levels, including pre-primary to higher secondary education in both Hindi and English mediums, the society remains steadfast in its mission of academic excellence and social impact.
Established in 1994 in Mumbai, the financial capital of India, VESIM has emerged as a premier center for management education. The institute offers a two-year, full-time Master of Management Studies (MMS) program, approved by AICTE and affiliated with the University of Mumbai. Additionally, VESIM’s Ph.D. program in Management is designed for research scholars seeking excellence in management science through innovative pedagogical approaches. Also, VESIM’s commitment to providing a state-of-the-art infrastructure and a technology-driven learning environment has significantly contributed to its growing reputation as a premier educational institution.
Emphasizing a culture of strong stakeholder engagement, VESIM recognizes outstanding contributions within its community. The institute honors an exceptional student from the outgoing batch with the Best Student Award, while its departments compete for the prestigious Best Department Rolling Trophy and a cash award. Furthermore, VESIM institutionalizes strategic decisions through its Internal Quality Assurance Cell (IQAC), ensuring continuous improvement and the adoption of best practices.
Innovative Learning for Future-Ready Leaders
Vivekanand Education Society’s Institute of Management Studies and Research (VESIM) integrates innovation into its curriculum through a comprehensive, industry-aligned approach. The institute regularly updates its curriculum to incorporate the latest business and technological trends, ensuring that students gain relevant and up-to-date knowledge. Emphasizing experiential learning, VESIM offers hands-on exposure through case studies, simulations, live projects, and internships, allowing students to bridge theory with real-world applications.
Advanced technology tools, including financial modeling software, data analytics platforms, and digital marketing tools, are seamlessly integrated into the learning process. Dedicated innovation hubs, such as the HABIT Foundation, serve as incubators for entrepreneurship and creative problem-solving. The interdisciplinary structure of its programs encourages students to develop a holistic perspective, blending finance, marketing, operations, and digital transformation.
Furthermore, VESIM actively fosters a research-driven culture, encouraging students and faculty to engage in research, participate in conferences, and publish papers addressing contemporary business challenges.
Empowering Students for Career Success
Vivekanand Education Society’s Institute of Management Studies and Research is committed to enhancing student employability through its dedicated Career Guidance & Placement Team (CGPT). This team, comprising placement managers, faculty members, alumni, and student representatives (Super 30), works collaboratively to equip students with industry-relevant skills and prepare them for successful careers.
VESIM has consistently achieved near-100% placements, with the highest salary package growing by 40% year-on-year over the last two years, while the average salary has increased by 8%, aligning with industry trends. Graduates from the institute have secured positions in top organizations, including Nomura, Panasonic, TCS, Deloitte, and Lodha Group.
To strengthen students’ professional competencies, CGPT conducts a range of activities, including student development workshops, employability skills enhancement programs, and corporate career counseling sessions. The Summer Internship Program provides students with hands-on industry experience, bridging the gap between theory and practice, often leading to pre-placement offers. Industry expert interactions keep students informed about the latest market trends, while short-term live projects allow them to apply their knowledge in real-world business scenarios. Additionally, HR Meets educate students about corporate hiring expectations, and specialized Training & Development programs focus on leadership, communication, time management, and emotional intelligence.
Cultivating Entrepreneurial Mindsets
VESIM actively fosters a culture of entrepreneurship and innovation through a range of curricular and extracurricular initiatives. The Yuvapreneurs E-Cell serves as a dynamic platform where students can explore entrepreneurial ventures, participate in competitions, and connect with industry leaders. By hosting national and global events such as the National Entrepreneurship Challenge and the Global Entrepreneurship Symposium, VESIM provides students with valuable exposure to international entrepreneurial practices.
The institute’s incubation center, The HABIT Foundation, offers crucial support, including incubation facilities, mentorship, and access to funding opportunities, helping students transform their ideas into successful startups. Additionally, workshops and seminars focus on essential entrepreneurial skills such as design thinking, lean startup methodologies, and business model development. The Entrepreneur Insights Series brings real-world business perspectives through interactive sessions with successful entrepreneurs and industry experts.
VESIM also ensures that students have access to extensive networking opportunities by collaborating with organizations such as the NEN Wadhwani Foundation, TiE Mumbai, and alumni entrepreneurs. Engaging competitions and challenges, such as Alchemize – Business Plan Championship, encourage students to develop innovative solutions and strategic thinking.
In the Days to Come
As AI and automation continue to reshape industries, VESIM is committed to developing conscientious future business leaders through a globally recognized, transformative management education framework. With curriculum autonomy in its final approval stage, the institute will retain its affiliation with Mumbai University while gaining the flexibility to align its academic offerings with evolving industry demands.
Lastly, by integrating the principles of the National Education Policy (NEP) 2020 and promoting diversity, equity, and inclusion, VESIM looks forward to driving innovation in management education while making a meaningful impact on society.
