St. Thomas Management Institute - St. Thomas,Gurgaon - STMI
Management education in India has three different segments. On the one end are the top 50 or so reputed institutes like the IIMs, XLRI and the like. Endowed with best of faculty, resources and corporate support they have built a reputation for being truly a class in themselves. They attract the best of students to work with and provide to the corporate world best of managers. Unfortunately, they together cater to less than 5% of management aspirants each year. At the other end of the spectrum are management departments of numerous government Universities - they charge virtually nothing, change virtually nothing for the students who come for the 'MBA degree' expecting virtually nothing from them in terms of their development or employability. This estimated to cater to about 20% of the aspiring MBAs. This creates a space for a third category to emerge. In the recent decades B-schools have mushroomed in cities and fields around cities in India. Driven mostly by real estate and black money, faulty regulation, they are set up by land owners or politicians or others with no credentials in the field of education with objectives ranging from land grabbing, acquiring respect in the society, making money, appreciation through real estate or channelizing unaccounted money. These MBA-shops fleece big time creating huge campuses, glossy brochures, wide spread advertising and admission funnels that creates false promises. They have contributed little leaving students distraught, parents devastated, and employers dissatisfied & unwilling. Great business - no school. Where does a student with limited means but aspiring to be an MBA go? St. Thomas Management Institute was a revolutionary educational initiative to create a 4th category for this very student.
As a part of our Industry Integrated program, all our students are placed in corporate organizations every semester after the first semester.These are generally paid internships. Every graduating MBA gets an opportunity to undertake 3 internships- therefore acquiring a total work experience of 6-12 months by the time they complete their MBA. We endeavor to create enhanced career readiness through visiting faculty from the corporate sector, visit to world class manufacturing facilities, corporate projects and exposure to seminars and emerging trends and innovation. List of our students from the MBA 09-11 and MBA 10-12 batches and the organizations where they undertook their internships. 85% of internships were paid with stipend ranging from Rs 2,500 per month to Rs. 18,000 per month. The placement for our first batch (MBA 2009-11) started early with companies like Bharti Walmart, Greenply, IHHR (The Ananda Resorts), Onicra and Corporate Serve hiring students