India is home to several prestigious business schools that have gained recognition both domestically and internationally. These institutions have played a crucial role in shaping the future leaders of the business world, offering exceptional education and opportunities for personal and professional growth. One such prominent business school is the Vivekanand Education Society’s Institute of Management Studies and Research (VESIM), which stands out among its peers due to its unique approach and commitment to excellence.
History in the Making
In 1962, the Vivekanand Education Society (VES) was established, thanks to the visionary Late Shri. Hashu Advani, a compassionate humanitarian. This esteemed education institution in Mumbai is the first to provide education to students from all walks of life, making it accessible to everyone.
Starting with a modest enrollment of 256 students, VES has now grown significantly, with a current student population of 25,000 across 23 education institutions under its administration. A significant milestone in VES’s history occurred in 1994 when the Vivekanand Education Society Institute of Management Studies and Research (VESIM) was founded. This modern business school, established on March 31, 1994, accepts 180 students annually for its Master of Management Studies (MMS) program. This allows the institute to support deserving students in pursuing successful careers in the corporate world.
VESIM’s position as one of Mumbai’s top business schools is attributed to its humanistic approach to management education. This approach is complemented by cutting-edge facilities, a world-class faculty, transformative teaching methods that emphasize interaction and hands-on experiences.
Empowering Minds, Transforming Futures
The Vivekanand Education Society Institute of Management Studies and Research (VESIM) offers the prestigious Masters of Management Studies (MMS) program. This full-time, two-year management program, comprising four semesters, is officially approved by AICTE, Govt. of India, and holds recognition from the University of Mumbai. Notably, the MMS program has been accredited by NBA for the academic years 2016-2017 to 2018-2022.
For individuals seeking to advance their research prowess in the field of Management, VESIM presents a comprehensive Ph.D. Program in Management. This program is specifically designed for research scholars aiming to excel in Management Science by incorporating diverse pedagogical approaches within the realm of Management Education.
The Department of Management aims to design a curriculum that aligns with the University of Mumbai’s program outcomes. Stakeholder meetings, led by the Head of Department, ensure a balance of core, elective, value-added, and lab-based courses, as well as appropriate assessment methods. The curriculum meets industry expectations and quality benchmarks, following guidelines from Mumbai University’s statutory bodies. The University has implemented the Choice Based Credit System (CBCS) to enhance academic flexibility and employability skills, encouraging students to pursue MOOCs and professional certification courses.
The curriculum structure includes core courses offered in the first and second semesters, elective courses tailored to specializations (such as Finance, Marketing, Human Resources, Operations and Information Technology), industry internships, community projects, and open electives. The industry internship provides students with hands-on experience and exposure to corporate culture, allowing them to apply classroom knowledge to real-world projects. The community project connects students with socio-economic concerns and instills leadership qualities. It involves working with NGOs and other organizations to address operational challenges.
The MMS program at VESIM aims to transform students into industry-ready managers by equipping them with knowledge, analytical skills, decision-making abilities, and social awareness. The value proposition includes a diverse faculty with academic and corporate backgrounds, learner-focused pedagogy, case studies, projects, presentations, and corporate interactions. The program also offers summer internships at reputed organizations.
The Ph.D. program at VESIM focuses on values like professional ethics, an integrated approach, and rigorous research. The institute’s core faculty consists of more than 30 full-time members who hold Ph.D. degrees in their respective fields. They actively contribute to research in their respective fields and have published books and research papers in national and international journals. The institute promotes interactive learning through flip classrooms and supports faculty growth through development programs, orientation workshops, and conference participation.
Redefining Infrastructural Brilliance
VESIM is located in Chembur, Mumbai, occupying a 9-acre campus with excellent connectivity to the city by road and railway. The institute boasts state-of-the-art infrastructure that sets it apart from other business schools. The campus provides modern facilities, creating an ideal environment for academic pursuits. Renovated buildings house administrative offices, recreational areas, classrooms, learning centers, and a well-equipped library, that offers a wide range of national and international books, CD-ROMs, DVDs, periodicals, and online databases such as J-Gate, EBSCO, and Prowess IQ. The library is managed by SLIM-21 software and includes Kindle devices.
“At VESIM, we prioritize creating a conducive learning environment with modern facilities, and as a result our classrooms are equipped with internet access, advanced communication tools, and audio-visual aids to enhance the learning experience”, shares – Dr. Satish Modh, the Director. “We also have a well-equipped computer lab with advanced software and 100 student stations, catering to the demand for data transformation skills”, he continued.
A Hub of Quality-Based Education
VESIM believes in imparting quality education. The main focus is on shaping individuals who can emerge as well-known industrialists, agile administrators and ethical leader-managers. To achieve this goal, VESIM has established a well-respected advisory board known as the Board of Studies. The Board of Studies at VESIM advises the institute on academic matters and the need-of-the-hour in the business world. Currently, the board comprises 20 members of internal stakeholders – students, parents, faculty and external stakeholders who have prodigious experience in diverse fields of administration, education, and business. The Board plays a pivotal role in examining the syllabus; suggesting amendments in the syllabus based on industry trends; understanding existing teaching pedagogy & proposing changes; and encouraging industry engagements in the form of internships, projects or guest lectures.
Furthermore, having individuals coming from diverse backgrounds and comprehensive industry experiences help students to understand the different facets of the complex business landscape. The core, visiting, and adjunct faculty members are not only great teachers but also facilitate the honing of each student’s skills, and optimizing their leadership qualities, and the onboard faculty members help students build the right attitudes, and skills to become successful ethical business leaders.
Ensuring quality placement is a key priority at VESIM as it plays a crucial role in the success of any professional course. The dedicated placement team goes above and beyond to provide the best opportunities for the students, placing significant importance on corporate connections to ensure a bright start to their careers. The team conducts various activities to enhance students’ employability skills and provide them with comprehensive exposure. To guide their efforts, VESIM has implemented the Career Guidance and Placement Team (CGPT) comprising placement managers, student representatives, faculty members, and alumni. Together, they work in coordination to help students develop their employability and industry readiness. Throughout the academic year, the CGPT organizes a range of events and initiatives to support students’ career development, such as Student Development Workshops, Employability Skills Enhancement Programs, Summer Internship Programs and so on. The B-school also regularly signs MoUs with Corporate/Industry, with an aim to establish partnerships for training, placement, internships, visits, student enlightenment, live projects, and other mutually beneficial areas of collaboration.
Dr. Satish Modh – Director
Dr. Satish Modh, a renowned researcher specializing in business ethics and strategy, is one of India’s foremost experts in this field. His work centers on the application of Indian value systems to ethical management. He holds an undergraduate degree in Electronics Engineering from MANIT, Bhopal, and pursued graduate studies in Applied Electronics at the University of Indore. He further obtained a Master’s degree in financial management, and completed his doctorate in Strategy along with a law degree from the University of Mumbai.
After his long and distinguished career with Air India, Dr. Modh advanced his career as a Professor at the School of Business Management, NMIMS University, Mumbai. In 2014, he took the position of Director at VESIM, propelling the institute to new heights. Dr. Modh is the author of the groundbreaking book ‘Ethical Management,’ which delves into the Indian value system. His online articles, ‘Value Based Management’ and ‘Building a Caring Society,’ have garnered millions of views. He is also the esteemed author of ‘Discover the Arjuna in You,’ a widely acclaimed book published by Jaico Publishers.
Dr. Satish Modh’s significant contributions have been widely recognized, earning him prestigious accolades such as the “Dewang Mehta” award for outstanding contribution to education in 2014. He was also honored as one of the top 100 most influential Directors in India at the World Education Congress in 2016, hosted in Mumbai.