The Indian School of Business (ISB) is known for its innovative and industry-relevant curriculum. Among its many standout features, the Experiential Learning Program (ELP) stands out as a game-changer. Designed to bridge the gap between academic learning and real-world business challenges, ELP provides ISB PGP students with hands-on consulting experience while solving live business problems for organizations.
If you’re an aspiring ISB student, understanding how ELP enhances your learning experience can give you a competitive edge.
What is the Experiential Learning Program (ELP)?
The ELP at ISB is a consulting initiative where PGP students work with companies to address real business challenges. It is an optional elective offered during the second half of the program, allowing students to apply classroom concepts to real-world scenarios.
Participating companies come from diverse industries, including technology, healthcare, finance, FMCG, retail, and startups. These companies present a live business problem, and ISB students, under faculty guidance, act as consultants to deliver strategic solutions.
For students, ELP serves as a practical, hands-on learning experience that enhances their problem-solving skills, industry exposure, and leadership abilities.
Why is ELP a Standout Feature of ISB PGP?
1. Real-World Business Exposure
Unlike case studies that analyze past business scenarios, ELP gives students the chance to work on live projects with actual business implications. The challenges they solve directly impact the partnering organization’s growth and strategy.
2. Practical Application of Classroom Learning
From marketing strategies and financial modeling to business analytics and supply chain optimization, ELP projects integrate ISB’s rigorous academic teachings with real business applications.
3. Industry Networking & Corporate Connections
Through ELP, students interact directly with CXOs, business leaders, and entrepreneurs, building a strong industry network that can be valuable for career advancement.
4. Resume & Career Boost
Participating in ELP not only strengthens a student’s resume but also demonstrates consulting and problem-solving capabilities—skills highly valued by recruiters across industries.
5. Hands-On Team Experience
ELP projects are conducted in teams, mirroring real-world corporate collaboration. Students develop teamwork, leadership, and project management skills, essential for any managerial role.
How Does ELP Work?
Step 1: Project Selection
- Companies submit business problems to ISB for ELP consideration.
- A faculty committee shortlists projects that align with ISB’s curriculum and learning objectives.
Step 2: Student Application & Team Formation
- Interested students apply to work on specific projects.
- Teams of 4-5 students are formed based on skills, industry interests, and project requirements.
Step 3: Project Execution
- Teams engage with the company’s leadership to define project scope and objectives.
- Extensive research, data analysis, and strategic frameworks are used to develop actionable solutions.
- Faculty mentors guide teams to ensure academic rigor and business relevance.
Step 4: Final Presentation & Implementation
- Teams present their findings and recommendations to the company’s leadership.
- Some companies choose to implement student recommendations, showcasing the impact of the ELP.
Examples of ELP Projects
Past ELP projects at ISB have covered a wide range of domains:
- Market Entry Strategy – Helping an international brand enter the Indian market.
- Business Expansion – Assisting a healthcare startup in scaling its operations.
- Financial Optimization – Identifying cost-saving opportunities for a manufacturing company.
- Digital Transformation – Recommending a digital marketing strategy for an FMCG brand.
- Customer Insights & Analytics – Conducting a consumer behavior study for an e-commerce platform.
These projects allow students to gain insights into real business problems, making them industry-ready even before graduation.
How Can ELP Benefit Your ISB Journey?
If you’re an ISB PGP aspirant, participating in ELP can:
- Give you hands-on consulting experience, adding weight to your resume.
- Expose you to diverse industries, helping you explore career opportunities.
- Allow you to work closely with senior executives, enhancing your professional network.
- Develop your analytical, problem-solving, and strategic thinking skills, preparing you for leadership roles.
Final Thoughts
The Experiential Learning Program (ELP) is a key differentiator of the ISB PGP. It provides a unique opportunity to gain real-world consulting experience, work with top companies, and apply classroom learning in a meaningful way.
For ambitious professionals looking to fast-track their careers, ELP is an invaluable experience that bridges the gap between academia and industry.
Are you ready to make the most of ISB’s ELP and transform your career?