SP Jain Institute of Management and Research: The Creative Quotient

WITH A LEGACY SPANNING OVER four decades, SP Jain Institute of Man­agement and Research (SPJIMR) stands at the forefront of innovative education in India. Boasting a diverse range of pro­grammes designed to cater to various learning needs and career aspirations, SPJIMR has consistently adapted to the changing dynamics of business education.

SPJIMR offers a spectrum of full-time postgraduate pro­grammes, including the flagship Post Graduate Diploma in Management (PGDM), accredited by AICTE, NBA, and AMBA. Notably, the Financial Times Masters in Management (FT MiM) ranks SPJIMR No 1 in India and No 40 globally for PGDM. The institute’s commitment to providing world-class education is further reflected in the recognition of its career services, ranked among the top two in India and eighth globally.

Additionally, SPJIMR has introduced specialised programmes like the Post Graduate Executive programme in Fintech, Block­chain, AI/ML, and Data Science, catering to the evolving demands of the industry. The institute also offers modular programmes, online courses, and a Fellow Programme in Management (FPM) for doctoral-level research.

SPJIMR’s dedication to fostering entrepreneurship is evident in programmes like the Start Your Business (SYB) programme and the Graduate Certificate Programme in Entrepreneurship (GCPE). These initiatives provide hands-on, practical courses for aspiring entrepreneurs, aligning with the institute’s commit­ment to promoting a culture of innovation. The institute’s De­sign Thinking Lab has been a hub for creative problem-solving, resulting in several student projects being registered for patents. SPJIMR’s emphasis on innovation extends beyond theoretical discussions, manifesting in real-world applications that address contemporary challenges.

As the pandemic disrupted traditional education models, SPJIMR swiftly adapted to a hybrid learning model. The institute seamlessly integrated online and in-person learning, ensuring minimal disruption to students’ educational journeys. The fac­ulty played a pivotal role in this transition, conducting engaging online classes that mirrored the interactive nature of in-person ses­sions. Flexibility in learning was prioritised, with resources such as recorded lectures and e-books empowering students to tailor their educational experience. Mentorship and support remained crucial during this period. Regular one-on-one sessions between faculty and students provided personalised guidance, helping stu­dents navigate the new learning environment. Online assessment methods were introduced to maintain academic rigour.

SPJIMR’s commitment to “wise innovation” goes beyond the conventional understanding of innovation. It emphasises a nu­anced approach, considering the broader impact and implica­tions of innovation. This philosophy is seamlessly woven into the entire curriculum, shaping students into thoughtful, responsible, and visionary leaders.

SPJIMR recognises the importance of a global perspective in today’s interconnected world. International internships and im­mersive experiences offer students insights into diverse business landscapes, enriching their problem-solving abilities.

The institute actively engages with societal issues through initia­tives like the Development of Corporate Citizenship (DoCC). This programme offers social internships, bridging the gap between business and society and aligning with the changing aspirations of students who seek a meaningful contribution to the greater good.

In the last year, SPJIMR has embarked on strategic initiatives to stay at the forefront of educational innovation. The collabora­tion with Coursera for the PGDM Online Programme caters to working professionals seeking top-tier management education without pausing their careers.

Alumni contributions, such as Sunil Bhatia’s ₹10 crore pledge to support entrepreneurship through the Sunil Bhatia Start-up Hub, exemplify SPJIMR’s efforts to provide ongoing support to budding entrepreneurs.

The launch of the FinNovate Accelerator reflects SPJIMR’s commitment to fostering innovation in the BFSI sector. This unique platform connects startups, mentors, and established players, fostering collaboration and driving partnerships.

The Positive Impact Rating (PIR) Association has recognised SPJIMR as a “pioneering school” for its innovative community-based actions and a strong focus on responsible leadership. The creation of four Centers of Practice, the launch of the Manage­ment Practice Insights (MPI) journal, and active participation in global initiatives underline SPJIMR’s dedication to knowledge translation, student engagement, and thought leadership.

The corporate world’s changing expectations necessitate a comprehensive skillset among graduates. SPJIMR places a strong emphasis on essential skills, such as decision-making, critical thinking, empathy, and agility. The institute’s international in­ternships and real-world projects bridge the gap between theory and practice, preparing graduates for the complexities of the mod­ern business world.

The commitment to advancing wise innovation is integral to SPJIMR’s curriculum. The institute aims to nurture responsible and visionary leaders who innovate thoughtfully, considering the well-being of all stakeholders.

The challenges faced by business schools include rapid tech­nological advancements, globalisation, and evolving corporate expectations. SPJIMR’s approach involves seamlessly integrating technological changes into the curriculum, emphasising global exposure, and actively collaborating with businesses to address industry needs.

Sustainability and social responsibility are integrated themes in SPJIMR’s programmes, aligning with the broader societal shift towards ethical business practices. The institute’s agility and com­mitment to fostering a culture of innovation position it as a leader in addressing the challenges faced by contemporary business schools.

SPJIMR acknowledges the inevitable impact of artificial intel­ligence (AI) on management education. While recognising the transformative potential of AI, the institute remains focused on timeless fundamentals such as critical thinking, unique problem-solving, and sound judgement. SPJIMR aims to prepare students for the AI-driven landscape by delivering a relevant and forward-thinking curriculum.

SPJIMR stands as a beacon of resilience and vision in the ever-evolving landscape of business education. Through a dynamic curriculum, a commitment to wise innovation, and a focus on practical, experiential learning, the institute continues to shape future leaders and change-makers. SPJIMR’s ability to adapt, innovate and meet the aspirations of students positions it as a leader in business education, ready to navigate the challenges of tomorrow.

About The Author

Varun Nagaraj

Varun Nagaraj is Dean, SP Jain Institute of Management and Research