IIM Calcutta Offers Law Programmes to Help Build Skills in Business, Corporate Law

IIM Calcutta Offers Law Programmes to Help Build Skills in Business Corporate Law

New Delhi: Raqshanda Niazi, a lawyer by training, enrolled in the executive programme in business and corporate law (EPBCL) at the Indian Institute of Management (IIM) Calcutta in 2018, the program's inaugural year. IIM Calcutta, one of the best business institutions in the nation, also provides senior executives and officers with legal education that is pertinent to their line of work.

"What I just learned while studying at the Indian Institute of Management (IIM) Calcutta was completely different from what I had previously learned during my schooling and experience as a lawyer. Both the topic and the teaching methodology were excellent”, according to Niazi. She works for a Canadian pension fund corporation with significant investments in India as the legal and compliance counsel.

Niazi graduated from Meerut University with an LLB in 2015. “I had enrolled in the IIM C programme to brush up on my fundamentals, but I learned far more than I had anticipated”, she continued.

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IIM Calcutta has been providing a range of programmes with a focus on law, including functional, sectoral, strategy and entrepreneurship, analytics and data science, and leadership and general management. A few colleges also provide specialised short-term executive management development programmes in numerous areas, including corporate law, even though the law is already an essential component of MBA or master of business administration degrees offered by various institutions.

IIM Calcutta customised programmes

The government, most notably the ministry of defence, public-sector organisations, and businesses that send their staff members for upskilling regularly seek the programme.

Contract management has been cited by the capacity building commission as one of the key areas for all government agencies to improve their skill sets. We have been asked to train the executives and officers because India ranks dead last in the world for contract management, according to Ravindran Rajesh Babu, professor of public policy and management at IIM Calcutta.

The institute created a programme for teaching defence officials, specifically those involved in acquisition and procurement of defence. "The director general of defence purchases requested this programme. This programme was carried out under his leadership”, Babu continued.

Law and management

The EPBCL modules are created or altered in accordance with the shifting dynamics of the Indian and global economies.

The course is taught online with just brief on-campus visits required of the students, and it makes use of resources from academics and business professionals throughout the world.

The sessions are for working executives, and they are offered on Sunday. After that, they must visit the campus for four days and deliver any assignments that were assigned. They will go to seminars, etc. Because it is online, we also have students from other countries. Additionally, regardless of where they are from, everyone spends four days on campus, according to VK Unni, an IIM Calcutta professor of public policy and management.

Niazi also works in Singapore and Shanghai, where her job description calls for her to oversee the legal side of operations. She was able to broaden her perspective and solve more difficult problems as a result of the six-month training.

Executives typically enrol in these programmes to improve their mid-career progress through skill enhancement.

Ajay Neb, a senior vice president of corporate relations at Edelweiss Financial, also finished the EPBCL programme in 2018.

The course was quite lengthy and well-designed. In a nutshell, because you don't have to be on campus—we had a residence for a week—it offers you the freedom to do the programme at your own pace. It provided me with the information I needed, said Neb. He had previously graduated from the Indian School of Business (ISB) Hyderabad with a master's degree in public policy.

Law for lawyers

According to Babu, the LLB degree programme provides a wide fundamental understanding of a subject's legal characteristics. The corporate regulatory component and the foreign regulatory component, which would be much more closely related to an executive's job description, are what the institute focuses on.

According to Babu, networking and getting to know people from other backgrounds are important aspects of management. The Covid epidemic forced the cancellation of the programmes in 2020 and 2021; they were reinstated in 2022. A batch consists of 50 to 52 people. After completing the programme, the students must go to Calcutta for the required seven-day on-campus participation.

Because law is taught differently here than it is in law schools, we end up with at least 20 law grads enrolled in the programme. Additionally, many of the disciplines taught in this programme are not offered in an LLB programme, according to Babu.

Babu went on to say that as the world is always changing, it is essential for all gifted aspirants to have a deeper understanding of every field, including law, management, and public policy, all of which the students are well aware of and frequently keeping themselves informed in. "Engineers make up 90% of those accepted into MBA programmes. Learning new things and upgrading your skills is crucial, he said.

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