British Institute of Technology & E-commerce (B|I|T|E) in association with a range of commercial and university partners is tackling the issue of graduate skills head on.
Service learning is an innovative approach to study that will develop a range of additional graduate skills that are all highly relevant to employers today.
Students enrolling for the service learning programme will combine their degree studies with a few hours each day to provide a service to others.
The key element of the programme is that students build up and development a greater understanding of the key employability skills. They also have a greater self awareness through their own reflective learning which will help them thrive in their future careers.
Students enrolling on the service learning programme can offset the cost of tuition fees by providing an agreed number of hours of service to BITE or its partners. Thus a maximum of £2,000 in fee remission can be applied to your tuition fee account over any one year.
Dr Farmer the Chief Executive of BITE reflected " BITE has always sought to bridge the gap between graduate education and industry skills requirement. This new programme consolidates much of what our commercial partners see as the key employability skills that graduates require to development. We are very pleased to be able offer this innovative approach with the support of our partners."
The service learning programme is open to all eligible students able to be matriculated and admitted to their programme of study on a competitive basis.
MEDIA INFORMATION
The British Institute of Technology & E-commerce (B|I|T|E) in collaboration with UK University partners and in association with industry offers a wide range of courses. These courses have been developed in consultation with business and government sectors to address the gap between industry and higher education. The range of courses include Masters degrees, covering MBA, LLM, MA and MSc qualifications. At undergraduate level, we offer courses with particular focus on business and technology.
We offer professional qualifications validated by the Chartered Management Institute (CMI). Our leadership and customised upskilling programmes support corporate and government departments to enhance performance and understanding. We offer vocational assessment (NVQ) for managers, supervisors, customer service and hospitality personals.
BITE is also a British Council accredited test centre for The International English Language Testing System (IELTS). The IELTS test is available in two modules at BITE - Academic and General Training. The Academic Module is used by candidates for admission to undergraduate or postgraduate courses and for registration with professional bodies. The General Training Module emphasises basic survival skills in a broad social and educational context.
BITE is a private higher education organisation providing post-graduate education to around 4,000 international students every year. Founded in 2000 it has grown steady and now has three campus, one in East London, one in West-End London and an executive retreat in Suffolk based in an estate of some 200 acres.
It offers a range of courses validated by the Coventry University, University of Wales and the University of East London. Further background available at http://www.bite.ac.uk
It publishes three industry magazines each year: Business Outlook, Educate UK and E-Britain all focusing on the fusion of knowledge, technology and research to benefit of industry and commerce.
"The British Institute of Technology and E-commerce is a catalyst organisation bringing together business and education.
Tuesday, July 19, 2011
about skills development
DMC Education focuses on supplementary education verticals and came into existence in 2001 ( in the brand name of Trump & Gates). DMC Education Ltd is a BSE listed company professionally managed by CAs, IITians & IIM Graduates. The company is destined to be one of the most trusted and fastest growing entities of its kind in the country. DMC Education envisions India as a talent pool of well groomed and adept personnel and the global epicenter of Entrepreneurs and Service Providers.
Replying to Anil Mascarenhas of IIFL, Anuj Ahuja says, “Domain experts from service industry in the delivery of content and using technology as an aid to deliver the courses are our other differentiators.”
Give us a brief overview of the education sector.
Education is primarily handled by the government through its school infrastructure and large Union Budget outlays. The Indian Government targets to guarantee elementary education to every child between the age of 6 and 14 years and for this purpose, it expects to increase access to education as well as improve the quality of education being provided. It has been laying greater emphasis on the quality of education imparted in the country since the Eleventh Five-Year Plan. The quality of education has assumed importance in light of the poor academic achievement by the students. We believe poor academic performance by students and lack of proper training in soft skills would reduce their employability post passing out of the education system.
In line with this, to improve access to and taking care of the quality aspect of education, the government has introduced programs like the Sarva Shiksha Abhiyan (SSA), Mid-day meal schemes and Kasturba Gandhi Balika Vidyalayas
You see the government playing an active role in education?
The Central Government continues to play a leading role in the evolution and monitoring of educational policies and programmes, the most notable of which are the National Policy on Education (NPE), 1986 and the Programme of Action (POA), 1986 as updated in 1992. The modified policy envisages a National System of education to bring about uniformity in education, making adult education programmes a mass movement, providing universal access, retention and quality in elementary education, special emphasis on education of girls, establishment of pacesetting schools like Navodaya Vidyalayas in each district, vocationalisation of secondary education, synthesis of knowledge and inter-disciplinary research in higher education, starting more Open Universities in the States, strengthening of the All India Council of Technical Education, encouraging sports, physical education, Yoga and adoption of an effective evaluation method, etc. Besides, a decentralised management structure had also been suggested to ensure popular participation in education. The POA lays down a detailed strategy for the implementation of the various policy parameters by the implementing agencies.
Comment on your Plansteps acquisition. What does it bring to the table?
Plansteps is a focused company in career counseling space and DMC is in the preparatory market whether GATE preparations, IAS and study abroad etc. So it is a forward integration to provide counseling to students who are undergoing our tuition.
How difficult is it for a new entrant into this business? What are the entry barriers?
Rising real estate costs are the entry barriers. Quality manpower is also expensive.
Explain to us your business model. How has it evolved over the years?
Business model is B to C for customers and B to B for corporates for the same product with an average profit margin of 35%.
What is the future of education likely to be in terms of delivery in the coming years?
Technology is going to change the pace of education. Satellite-based learning, mobile, web and TV is going to get education a lot of global recognition. Merger and acquisition activities are going to wipe out the unprofessional and small, run of the mill organisations.
Comment on your brands and what is the revenue and profit contribution from each?
Our brands include Study Abroad, Trump and Gates, Actuarial science, India’s first actuarial business, Lifelong Learning and Plansteps which is into ethical career counseling. The profit margin varies from 25% to 40% margin depending on different products.
How are the margins in the education business?
EBDITA margins varies from 15% to 30%.
Do you hire from B-Schools? What is your message to B-School students to become job-ready?
Yes we do hire from B- Schools. There is no substitute to hard work and experience and real world is quite different from what they are taught at different schools.
What is your strategy for growth? What are your expansion plans and how would you fund the same?
Our strategy is to use our print media currency to acquire more customers in our existing centers, open more franchisees and acquire companies in the same segments and in areas where we are not operating. There are a lot of sitting ducks in education sector who are not able to grow because of lack of capital, management issue or are looking at exiting at a healthy profit.
You also have specialized content. How is this business coming about?
Yes we have specialized content and unlike other knowledge industries where your asset walks in everyday and walks out every night we have copyrighted the content and patented the same.
What would you describe as your key differentiators?
We have an excellent team of trainers with top management from IIT and IIM with rich experience in education sector. Domain experts from service industry in the delivery of content and using technology as an aid to deliver the courses are our other differentiators.
What is the market for supplemental education ?
The market is estimated at Rs. 80bn and growing at 16 % to 25%. The break up would roughly be Engineering tutorials at Rs40bn, Medicine at Rs. 20bn, IAS at 3bn and MBA at Rs5bn and the remaining shared by various other segments.
How many business partners do you have? What is the cost for becoming a business partner. How long do they take to break even?
We have 20 business partners and the cost is about Rs2mn. It takes approximately 1 year to breakeven.
Your message to shareholders?
As a company, we are eyeing growth and looking at becoming a leader in the area we are operating.
Replying to Anil Mascarenhas of IIFL, Anuj Ahuja says, “Domain experts from service industry in the delivery of content and using technology as an aid to deliver the courses are our other differentiators.”
Give us a brief overview of the education sector.
Education is primarily handled by the government through its school infrastructure and large Union Budget outlays. The Indian Government targets to guarantee elementary education to every child between the age of 6 and 14 years and for this purpose, it expects to increase access to education as well as improve the quality of education being provided. It has been laying greater emphasis on the quality of education imparted in the country since the Eleventh Five-Year Plan. The quality of education has assumed importance in light of the poor academic achievement by the students. We believe poor academic performance by students and lack of proper training in soft skills would reduce their employability post passing out of the education system.
In line with this, to improve access to and taking care of the quality aspect of education, the government has introduced programs like the Sarva Shiksha Abhiyan (SSA), Mid-day meal schemes and Kasturba Gandhi Balika Vidyalayas
You see the government playing an active role in education?
The Central Government continues to play a leading role in the evolution and monitoring of educational policies and programmes, the most notable of which are the National Policy on Education (NPE), 1986 and the Programme of Action (POA), 1986 as updated in 1992. The modified policy envisages a National System of education to bring about uniformity in education, making adult education programmes a mass movement, providing universal access, retention and quality in elementary education, special emphasis on education of girls, establishment of pacesetting schools like Navodaya Vidyalayas in each district, vocationalisation of secondary education, synthesis of knowledge and inter-disciplinary research in higher education, starting more Open Universities in the States, strengthening of the All India Council of Technical Education, encouraging sports, physical education, Yoga and adoption of an effective evaluation method, etc. Besides, a decentralised management structure had also been suggested to ensure popular participation in education. The POA lays down a detailed strategy for the implementation of the various policy parameters by the implementing agencies.
Comment on your Plansteps acquisition. What does it bring to the table?
Plansteps is a focused company in career counseling space and DMC is in the preparatory market whether GATE preparations, IAS and study abroad etc. So it is a forward integration to provide counseling to students who are undergoing our tuition.
How difficult is it for a new entrant into this business? What are the entry barriers?
Rising real estate costs are the entry barriers. Quality manpower is also expensive.
Explain to us your business model. How has it evolved over the years?
Business model is B to C for customers and B to B for corporates for the same product with an average profit margin of 35%.
What is the future of education likely to be in terms of delivery in the coming years?
Technology is going to change the pace of education. Satellite-based learning, mobile, web and TV is going to get education a lot of global recognition. Merger and acquisition activities are going to wipe out the unprofessional and small, run of the mill organisations.
Comment on your brands and what is the revenue and profit contribution from each?
Our brands include Study Abroad, Trump and Gates, Actuarial science, India’s first actuarial business, Lifelong Learning and Plansteps which is into ethical career counseling. The profit margin varies from 25% to 40% margin depending on different products.
How are the margins in the education business?
EBDITA margins varies from 15% to 30%.
Do you hire from B-Schools? What is your message to B-School students to become job-ready?
Yes we do hire from B- Schools. There is no substitute to hard work and experience and real world is quite different from what they are taught at different schools.
What is your strategy for growth? What are your expansion plans and how would you fund the same?
Our strategy is to use our print media currency to acquire more customers in our existing centers, open more franchisees and acquire companies in the same segments and in areas where we are not operating. There are a lot of sitting ducks in education sector who are not able to grow because of lack of capital, management issue or are looking at exiting at a healthy profit.
You also have specialized content. How is this business coming about?
Yes we have specialized content and unlike other knowledge industries where your asset walks in everyday and walks out every night we have copyrighted the content and patented the same.
What would you describe as your key differentiators?
We have an excellent team of trainers with top management from IIT and IIM with rich experience in education sector. Domain experts from service industry in the delivery of content and using technology as an aid to deliver the courses are our other differentiators.
What is the market for supplemental education ?
The market is estimated at Rs. 80bn and growing at 16 % to 25%. The break up would roughly be Engineering tutorials at Rs40bn, Medicine at Rs. 20bn, IAS at 3bn and MBA at Rs5bn and the remaining shared by various other segments.
How many business partners do you have? What is the cost for becoming a business partner. How long do they take to break even?
We have 20 business partners and the cost is about Rs2mn. It takes approximately 1 year to breakeven.
Your message to shareholders?
As a company, we are eyeing growth and looking at becoming a leader in the area we are operating.
Indian Institute of Job Training partners with NSDC
- NSDC to provide a soft loan of INR 62 Cr. to IIJT
- Technology based training in place for sourcing, training, assessment and monitoring
- Leveraging on the strengths of TeamLease for placements
The centers would be built with advanced technology-based programmes in place for sourcing, training, assessment, monitoring, training the trainers, certification and employment across seven key sectors.
The aim of the tie-up is to skill 1.8 million unemployed school dropouts and college graduates in the next ten years across cities. IIJT will set up 209 centers in Tier I, 312 in TIER II, 311 in TIER III, 222 in TIER IV and 295 in TIER V cities. This is part of the Government’s overall target to train 500 million people by 2022 to meet the global skills shortage.This announcement was made in the presence of Mr. Dilip Chenoy, Managing Director & Chief Executive Officer of NSDC, Mr. Ashok Reddy, Managing Director - Indian Institute of Job Training, and Ms. Neeti Sharma, Vice President – IIJT, at the NSDC’s Delhi office.
“We are pleased to partner with IIJT to achieve our target of training 150 million youth by 2022. This partnership will definitely be a boon to the vocational training sector, given IIJT’s extensive network of 250 centres in close to 100 cities,” commented Mr. Dilip Chenoy, Managing Director and Chief Executive Officer, NSDC.
According to Mr. Ashok Reddy, Managing Director& Co-founder, IIJT “The high school dropout rate still stands at 56 percent, making it mandatory for the vocational training sector to strengthen its outreach and provide the right skills to the youth.”
Ms. Neeti Sharma, Vice President – IIJT, further, added, “The target beneficiaries for the training, re-skilling and up-skilling will be identified from TIER I to TIER V locations, they would be provided vocational skills and employment basis the job seeker’s and industry requirements”
IIJT follows the 4C methodology for providing training into four domains namely – IT, Finance, Retail and Job Skills. The 4C methodology includes an industry relevant curriculum developed with regular inputs from TeamLease National Employment Framework (TNEF) with experience across 1200 clients. The Instructor lead classroom training, Satellite delivered training, web based learning and on the-job-training integrated within 4C methodology. IIJT has trained around 23, 768 trainees in the past 4 years pan India and has a placement track record of 82%. Its strategic partnership with TeamLease adds added strengths to its placement capacities.
About TeamLease
TeamLease Services (TeamLease™) is India's largest staffing solutions company and has been spearheading the Temporary Staffing revolution in India for more than seven years now. In this short span of time, TeamLease has deployed more than half a million candidates, and in doing so, it has emerged as one of India's largest private sector employers. The company currently has over 75,000 employees on its rolls, in over 700 locations across the country, working for more than 1,200 clients. In a recent acquisition, Teamlease has acquired a substantial majority stake in the Indian Institute of Job Training (IIJT).
About IIJT
Indian Institute of Job Training [IIJT] is one of India’s largest and leading vocational training providers with a capacity of over 1 lakh concurrent students in courses. Started in 2006, IIJT is the fastest growing educational brand in the country with over 250 centers across the country. IIJT offers short term and long term courses in the areas of Finance, Information Technology, Retail and Sales & Marketing. The Teamlease and IIJT strategic alliance aims to help bridge the employability gap and support the industry’s demand for skilled manpower.
About National Skill Development Corporation
The National Skill Development Corporation (NSDC) is a one of its kind, Public Private Partnership in India. It aims to promote skill development by catalyzing creation of large, quality, for-profit vocational institutions. It provides viability gap funding to build scalable, for-profit vocational training initiatives. Its mandate is also to enable support systems such as quality assurance, information systems and train the trainer academies either directly or through partnerships.
India can sustain 10% growth'
HYDERABAD: Reforms in labour, land and higher education are crucial for India to sustain economic growth over the next 15 years and emerge as a global economic superpower, Prof Arvind Panagariya, the Jagdish Bhagwatiprofessor of Indian political economy at Columbia University, said on Friday.
"India has all the prerequisites to grow at 10% per annum in the years to come and can sustain growth to emerge as the third largest economy in the world in 5 years. But while capital markets have been enjoying priority in the reform process, land, labour and educational reforms have been largely ignored," he pointed out while delivering a lecture on 'India in the global context: the next 15 years' at the IBS Hyderabad Campus.
According to him, the lack of proper education facilities, especially higher education, was a key constraint in the Indian growth. "Education in India is falling short in quality and quantity. No Indian university figures in the list of top 100 universities," he explained. Prof Panagariya also pointed out that the labour movement from agriculture to manufacturing had not taken place at the required pace.
Thursday, April 21, 2011
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