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Indian Institutes of Management

indian institute of management, indian institutes of management bangalore
The Indian Institutes of Management IIMs are a group of 20 public, autonomous institutes of management education and research in India They primarily offer postgraduate, doctoral and executive education programmes The establishment of IIMs was initiated by Jawaharlal Nehru, the first Prime Minister of India, based on the recommendation of the Planning Commission12

IIMs are registered as societies under the Indian Societies Registration Act3 Each IIM is autonomous and exercises independent control over its day-to-day operations However, the administration of all IIMs and the overall strategy of IIMs is overseen by the IIM council The IIM Council is headed by India's Minister of Human Resource Development and consists of the chairpersons and directors of all IIMs and senior officials from the Ministry of Human Resource Development of the Government of India45

The two-year Post Graduate Programme in Management PGP, offering the Post Graduate Diploma in Management PGDM, is the flagship programme across all IIMs678 These post graduate diploma programmes are considered equivalent to regular MBA programmes Some IIMs also offer a one-year Post Graduate diploma Programme for graduates with more work experience910 Some IIMs offer the Fellow Programme in Management FPM, a doctoral programme The Fellowship is considered to be equivalent to PhD globally11 Most IIMs also offer short-term executive education/EMBA courses and part-time programmes Some IIMs also offer unique programs, like IIM Indore's Five Year Integrated Programme in Management12 and IIM Lucknow's Working Managers’ Programme of three years13

The Union Cabinet, on 24 January 2017, approved the Indian Institute of Management Bill, 2017 which, if passed, would declare IIMs as Institute of national importance and enable them to grant degrees and further bring many other important changes to the institute14 On Jul 28, 2017, Lok Sabha, the lower house of Indian Parliament passed the IIM Bill15

Contents

  • 1 Institutes
  • 2 History
  • 3 Academics
    • 31 Postgraduate education
    • 32 Doctoral education
    • 33 Executive education
    • 34 Other programmes
  • 4 Admission process
    • 41 Entrance exam
    • 42 Reservation policy
  • 5 Course Fees
  • 6 See also
  • 7 Notes
  • 8 References
  • 9 External links

Institutesedit

Indian Institutes of Management in order of establishment
Serial no Name Photo Short Name Established Location State/UT Website
1 Indian Institute of Management Calcutta IIM-C 1961 Kolkata West Bengal iimcalacin
2 Indian Institute of Management Ahmedabad IIM-A 1961 Ahmedabad Gujarat iimaacin
3 Indian Institute of Management Bangalore IIM-B 1973 Bangalore Karnataka iimbacin
4 Indian Institute of Management Lucknow IIM-L 1984 Lucknow Uttar Pradesh iimlacin
5 Indian Institute of Management Kozhikode IIM-K 1996 Kozhikode Kerala iimkacin
6 Indian Institute of Management Indore IIM-I 1996 Indore Madhya Pradesh iimidracin
7 Indian Institute of Management Shillong IIM-S 2007 Shillong Meghalaya iimshillongacin
8 Indian Institute of Management Rohtak IIM-R 2010 Rohtak Haryana iimrohtakacin
9 Indian Institute of Management Ranchi IIM-Ranchi 2010 Ranchi Jharkhand iimranchiacin
10 Indian Institute of Management Raipur IIM-Raipur 2010 Raipur Chhattisgarh iimraipuracin
11 Indian Institute of Management Tiruchirappalli IIM-T 2011 Tiruchirappalli Tamil Nadu iimtrichyacin
12 Indian Institute of Management Kashipur IIM-Kashipur 2011 Kashipur Uttarakhand iimkashipuracin
13 Indian Institute of Management Udaipur IIM-U 2011 Udaipur Rajasthan iimuacin
14 Indian Institute of Management Nagpur IIM-N 2015 Nagpur Maharashtra iimnagpuracin
15 Indian Institute of Management Visakhapatnam IIM-V 2015 Visakhapatnam Andhra Pradesh iimvacin
16 Indian Institute of Management Bodh Gaya IIM-BG 2015 Bodh Gaya Bihar iimbgacin
17 Indian Institute of Management Amritsar IIM Amritsar 2015 Amritsar Punjab iimamritsaracin
18 Indian Institute of Management, Sambalpur IIM Sambalpur 2015 Sambalpur Odisha iimsambalpuracin
19 Indian Institute of Management, Sirmaur IIM Sirmaur 2015 Sirmaur district Himachal Pradesh iimsirmauracin
20 Indian Institute of Management, Jammu IIM Jammu 2016 Jammu Jammu and Kashmir iimlacin/jammu

Indian Institute of Management Calcutta was the first IIM to be set up, on 13 November 1961 Its main campus is located in Joka, in the outskirts of the city of Calcutta16 In addition to the regular PGDM programme, it offers a second two-year full-time postgraduate programme called the Post Graduate Diploma in Computer aided Management PGDCM As a member of Global Alliance in Management Education CEMS, it offers the CEMS Master's in International Management CEMS MIM degree to its PGDM and PGDCM students It also offers a specialized one-year postgraduate programme for executives in the manufacturing sector17 IIM-C is the only IIM and the only business school in India which is triple accredited: its programmes are accredited by AACSB, AMBA and EQUIS18

Indian Institute of Management Ahmedabad was the second IIM to be set up, on 16 December 1961 In addition to the regular PGDM programme, it offers a two-year postgraduate programme in Agri-Business Management It also offers a one-year postgraduate programme in General Management PGPX and also in Public Management and Policy

Indian Institute of Management Bangalore, the third IIM to be established, was set up in 1973 Its main campus is located in Bilekahalli, Bangalore Apart from its flagship full-time two-year PGP programme, it offers programmes in Enterprise Management PGPEM, one year full-time EPGP and Public Policy Management PGPPM19

Indian Institute of Management Lucknow is the fourth IIM to be established, in 198411 In addition to its primary campus in Lucknow, it has an additional campus in Noida The campus was established in 2007 and focuses on executive programmes20 Like IIM Ahmedabad, IIM Lucknow offers a programme in Agribusiness Management21

Indian Institute of Management Kozhikode, the fifth IIM, was established in 199622 and started its first batch of students in 1997 IIM Kozhikode was the first institute in Asia to offer a distance learning programme in management for working executives

Indian Institute of Management Indore, the sixth IIM, was established in 199623 Its 193 acres 78 ha campus is located on at Rau, near Indore24 IIM Indore offers a unique course for armed forces officers, designed particularly for mid-level defence officers25 It has additional campuses in Mumbai and UAE It offers a unique 5-year program IPM, and it is the only IIM to offer this course The participants can directly take admission into this course after Class XII2627

Indian Institute of Management Shillong, also known as Rajiv Gandhi Indian Institute of Management, was the seventh IIM established, following a 2005 decision by the Government of India28 The foundation stone of the institute was laid on 1 December 200729 and started its academic session from 2008–'091130

Indian Institute of Management Rohtak, the eighth IIM to be inaugurated,notes 1 was the first of the six IIMs established in 2010–2011 as part of the Eleventh Five-Year Plan3132 It was inaugurated and started operation on 30 June 2010 with IIM Lucknow as mentor, from a temporary campus at Maharishi Dayanand University33

Indian Institute of Management Ranchi, the ninth IIM to be established in 2010 with IIM Calcutta as its mentor,notes 1 started operations on 6 July 201034 It offers a specialized programme in Human resource management called Post Graduate Diploma in Human Resource Management PGDHRM

Indian Institute of Management Raipur, the tenth IIM, was inaugurated on 11 October 2010 It was mentored by IIM Indore35 It currently operates at the Government Engineering College GEC, Sejbahar Construction of the permanent campus has started on August 201136

Indian Institute of Management Tiruchirappalli, the eleventh IIM, was inaugurated on 4 January 2011 It was mentored by IIM Bangalore and operates temporarily from the campus of National Institute of Technology, Trichy It would be shifting to its permanent campus spread across 175 acres in January 201737 It also has its campus in Chennai which offers program in Business Management for executives

Indian Institute of Management Kashipur, the twelfth IIM, started operation in July 2011, under the mentorship of IIM Lucknow3839 The foundation stone for the permanent campus in the Escorts Farm Area of Kashipur, Uttarakhand, was laid in April 201140

Indian Institute of Management Udaipur, the thirteenth IIM, started operation in July 2011 from a temporary campus at the Mohanlal Sukhadia University41 Initially proposed to be slated under the mentorship of IIM Indore, the institute is the first new IIM working autonomously since its inception in 201142 Construction of the permanent campus has begun, and the first phase would be complete by April 201643

Indian Institute of Management Nagpur, the fourteenth IIM, commenced operations in 2015 under the mentorship of IIM Ahmedabad The institute is operating out of a temporary campus VNIT, with its own permanent campus under development and expected to be ready in 3–4 years The institute is among a handful of premier management institutes in the country that offer elective subjects to students from first year of the course itself The 'field immersion' module of IIM Nagpur gives exposure of live organizations to the students and the opportunity to apply the concepts learnt in classroom in real world conditions Some of the field immersion partner firms are Commissionerate Nagpur, MGNREGA Maharashtra, Maharashtra State Skill Development Society MSSDS, Spacewood, Plasto, Amul, NEERI etc4445

Indian Institute of Management Visakhapatnam, the fifteenth IIM, commenced operations in 2015 under the mentorship of IIM Bangalore The institute is operating out of a temporary campus from Andhra Bank School of Business Building in Andhra University campus, with its own 300 acre permanent campus under development at Gambheeram and is expected to be ready in 3 years The students in IIM Visakhapatnam follow the PGP curriculum of IIM Bangalore and will be taught by the faculty members of IIM-B The institute achieved 100% summer placement in its first year46

Indian Institute of Management Bodh Gaya the sixteenth IIM, is located in the sprawling campus of Magadh University Bodh Gaya Till its 118-acre permanent campus comes up, IIM Bodh Gaya will operate from the state-of-the art Institute of Distance Education building of the Magadh University The newly constructed boys and girls hostel are already in place IIM Bodh Gaya is being mentored by the IIM Calcutta the oldest IIM in the country In effect, students in IIM Bodh Gaya follow the PGP curriculum of IIM Calcutta and will be taught by the faculty members of IIMC They partake of the academic rigor for which IIMC is known for In all other respects, IIM Calcutta assists IIM Bodh Gaya

Indian Institute of Management Amritsar is temporarily located in the campus of Government Polytechnic College, till its own 60 acre permanent campus comes up at Manawala on Amritsar-Jalandhar GT Road IIM Amritsar is being mentored by the IIM Kozhikode, is the seventeenth IIM

Indian Institute of Management Sambalpur the eighteenth IIM is temporarily located in the campus of Silicon Institute of Technology, Sason Its own 200 acre permanent campus coming up at Basantpur IIM Sambalpur is being mentored by the IIM Indore

Indian Institute of Management Sirmaur started operation in 2015 It is being mentored by IIM Lucknow It is temporarily located in the campus of Himachal Institute of Technology, in Paonta Sahib till its own 200 Acre permanent comes up at Dhaulakuan

Indian Institute of Management Jammu started operation in 2016 It is being mentored by IIM Lucknow It is temporarily located in the campus of Government College of Engineering and Technology, Jammu at the old university campus

Historyedit

After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as a part of its industrial policy To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of UCLA to help in setting up an All India Institute of Management Studies Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management Calcutta and Ahmedabad were chosen as the locations for the two new institutes47

The institute at Calcutta was established first, on 13 November 1961,48 and was named Indian Institute of Management Calcutta or IIM Calcutta It was set up in collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation and the Indian industry49 The institute at Ahmedabad was established in the following month and was named Indian Institute of Management Ahmedabad Like MIT Sloan in the case of IIM Calcutta, Harvard Business School played an important role in the initial stages of IIM Ahmedabad50

In 1972, a committee headed by Ravi J Matthai took note of the success of two established IIMs and recommended the setting up of two more IIMs Based on the committee's recommendation, a new IIM was established in Bangalore IIM Bangalore the next year,51 and was originally intended to cater exclusively to the needs of public sector enterprises47 In 1981, the first IIM Review Committee was convened to examine the progress of the three existing IIMs and to make recommendations The committee noted that the three IIMs were producing around 400 PGP graduates every year and that they had reached their optimum capacity It proposed the opening of two more IIMs to meet the rising demand of management professionals It also recommended expanding the Fellowship programmes to meet the growing demand of faculty in management schools in India The fourth IIM IIM Lucknow was established in 1984 based on the committee's recommendation

Two more IIMs were established in Kozhikode IIM Kozhikode and Indore IIM Indore in 1996citation needed Since 2007, fourteen new IIMs have been set up, taking the total number of IIMs to 20, IIM-Jammu being the latest one started in 2016citation needed

Academicsedit

The IIMs mainly offer postgraduate, doctoral and executive education programmes Some programmes offered by all IIMs are similar; however, some IIMs offer unique programmes for specialised purposes

Postgraduate educationedit

All IIMs offer a two-year full-time Post Graduate Programme in Management PGP This programme is considered the flagship programme of IIMs, and awards the Post Graduate Diploma in Management PGDM to successful candidates This diploma is equivalent to the Master of Business Administration MBA postgraduate degree525354 This programme usually starts in June and runs till April of the second year The PGP is a general, fully integrated management programme with no specialisation, and typically includes courses in Accounting, Behavioural sciences, Finance, Economics, Human Resource Management HRM, Management Sciences and Information Technology, Marketing, Business operations, Business Mathematics, Public Policy, Statistics and Decision Analysis, Strategy and General Management It is usually structured into six trimesters spread across two years The first year coursework generally consists of core courses in various management disciplines, while in the second year students are allowed to select courses from an exhaustive list of electives

Since 2006, some IIMs have started offering one-year full-time post graduate diploma programmes for professionals having approx 5 years of experience or more This program was necessitated because the normal 2-year program is primarily aimed at fresh graduates or graduates with less than 4–5 years of work experience These 1 years programmes are general, fully integrated management programmes with no specialization, and typically includes courses in Accounting, Behavioural sciences, Finance, Economics, Human Resource Management HRM, Management Sciences and Information Technology, Marketing, Business operations, Business Mathematics, Public Policy, Statistics and Decision Analysis, Strategy and General Management like a typical 2 year MBA program These intensive programmes typically require 75 credits or around 750 hours of class room teaching along with projects and other course work as in a normal global 2 year MBA program55

Designed as a regular MBA programme which focuses on using the prior experience of the class, the one year MBA is named differently by different IIMs It is called the Post Graduate Program for Executives by IIM Calcutta and IIM Shillong PGPEX in short, PGPX in short by IIM Ahmedabad and IIM Udaipur, Executive Post Graduate Programme EPGP by IIM Bangalore and IIM Indore, International Programme in Management for Executives IPMX by IIM Lucknow The exact structure, admission criteria and other details vary for these programmes However, all these programmes admit only candidates with approx 5 or more years of professional experience and usually use a combination of GMAT score, essays and personal interviews as the entry criteria similar to other globally reputed MBA programmes The median GMAT score of the batches at IIM Bangalore is usually around 71056

IIM Calcutta offers a Post Graduate Diploma in Computer aided Management PGDCM programme This course, which was started in 1994, is similar to the regular PGDM programme, but with a special emphasis on Information technology and its business applications It is aimed at creating business professionals who know how to apply Information and communication technology ICTs in business management Most of the PGDCM coursework is integrated with the regular PGDM framework, and both PGDM & PGDCM are considered as part of the PGP programme IIM Ahmedabad and IIM Lucknow offer a two-year Post Graduate Programme in Agribusiness Management PGP-ABM programme This is essentially an MBA programme with a specialisation in Agribusiness IIM Ranchi offers a post graduate programme specialized in Human Resources, called the Post Graduate Diploma in Human Resource Management PGDHRM57

Since July 2005, IIM Lucknow is also offering the Three Year Post-Graduate Programme in Management for Working Executives also known as Working Managers Programme from its Noida Campus It aims at developing strong conceptual fundamentals and skills required to manage businesses of the future The WMP aims to help to inculcate leadership and teamwork amongst participants, and foster the development of change agents to take leadership roles in the global area58

IIM Calcutta offers a specialised executive MBA programme called the Post Graduate Programme for Executives for Visionary Leadership in Manufacturing PGPEX-VLM jointly with IIT Kanpur and IIT Madras It is a one-year, rigorous programme with a heavy focus on the manufacturing sector

Doctoral educationedit

The Fellow Programme in Management FPM of IIMs is a full-time Doctoral level programme in management This programme is aimed at preparing students for careers in teaching or research in different disciplines of management, as well as for careers outside academics that demand a high degree of research and analytical abilities A student who completes this programme at any IIM, where she is registered as a doctoral scholar, is awarded the title of Fellow of that institute eg Fellow of the Indian Institute of Management Calcutta This Fellow Program is equivalent to the Doctor of Philosophy degree However, students receiving such a fellowship every year, across all IIMs, work in close association with one another in a specific research area of their choice

Executive educationedit

Many IIMs offer executive education certificate programmes targeted at working professionals These are often short-term and/or part-time programmes and are known by various names such as Management Development Programme MDP, Advanced Masters Program in Management of Global Enterprises AMPM, and Executive General Management Programme EGMP The certificate programmes at IIMs are not considered as equivalent to the MBA or EMBA Only the diploma level programmes are considered as equivalent to an MBA or EMBA depending on whether it is full-time or part-time Many IIMs like IIMC, IIMB, IIMK, IIM kashipur & IIM Rohtak have partnered with 3rd party companies to enable these courses to be provided in distributed model

Other programmesedit

Some IIMs offer specialised programmes targeted at various segments IIM Ahmedabad offers a six-month, full-time programme called the Armed Forces Programme AFP aimed at military personnel IIM Ahmedabad and IIM Bangalore offer full-time programmes in public management and are called the Post Graduate Programme in Public Management and Policy PGP-PMP and Post Graduate Programme in Public Policy Management PGPPM respectively IIM Bangalore offers a two-year, part-time59 programme called the Post-Graduate Programme in Software Enterprise Management PGPSEM, an executive general management education programme designed for the specific needs of professionals working in the software and information technology industry IIM Indore offers a 5-year Integrated program in Management IPM that is a combined undergraduate-cum-graduate diploma60 IIM Ranchi is the first and only IIM to offer a full-time Post Graduate Diploma in Human Resource Management PGDHRM programme57

Admission processedit

Different programmes of IIMs follow different admission processes Admission for residents of India to the flagship two-year PGP programmes at all IIMs is based on the Common Admission Test CAT CAT scores are often used as the primary short-listing criteria for admissions International/overseas applicants have the option to apply using GMAT scores in lieu of CAT scores61 GMAT scores are a prerequisite short-listing criteria used for admission to the one year full-time programme for experienced executives6263 Test requirements for doctoral programmes vary, some IIMs require candidates to make a presentation of a broad research idea or take a 'Research Aptitude Test RAT' followed by rounds of interview while all compulsorily accept scores from standardised tests such as the CAT, GATE, GMAT and GRE The overall profiles of candidates including past academic and professional accomplishments are considered for all programmes along with valid standard test scores Some programmes require essays and academic and/or professional recommendations The final round of admission evaluations involve an interview, before which some IIMs conduct other evaluation processes like written assessment tests and group discussions

Entrance examedit

The Common Admission Test CAT is a management aptitude test conducted by the IIMs primarily as an evaluation tool for admission to their two-year PGP programmes It is widely considered as one of the most competitive exams in the world,64 with a success rate of around one in two hundred65 Even with the addition of new colleges, in 2013 the acceptance rate at IIM was 1714%, one of the lowest kind in the world66

Originally conducted as a paper-and-pencil test on a particular date all over India, CAT is now conducted as a computer-based assessment operated by Prometric since 200967 However, in the year 2014 TCS bagged a 5-year contract to conduct the test The online test is now spread over a period of few weeks

In August 2011, the six newer IIMs Raipur, Rohtak, Ranchi, Udaipur, Trichy and Kashipur announced that in the coming year they will replace the GD round with a common written analysis test to evaluate communication and comprehensive skill The seven older IIMs did not announce plans to change the admission process68

The admissions for the two years full-time programme is done by shortlisting based on GMAT scores in conjunction with candidate profile suitability This is followed by evaluation of essays and a panel interview round The quality of prior work experience and future leadership potential is a critical factor in the selections697071

Reservation policyedit

IIMs also follow the affirmative action policy as per the provisions of the Indian constitution As per the provisions, 15% of the seats are reserved for students of Scheduled Castes, and 75% seats for Scheduled Tribes The Other Backward Classes have also been given 27% reservation since 2008 after the Supreme Court of India upheld the validity of government regulation It is being implemented in a phased manner due to resource constraints All aspirants have to appear for Common Admission Test which consists of an Objective type Exam, Group Discussion and Personal Interviews, though the requirements for reserved category candidates can be lower than the general cut-off standard Once admitted to the course, a reserved category student also has to meet all the criteria for completing the course as a General category student Regular counselling sessions, extra classes and tutorials from senior students for needy students are a regular feature of the IIMs7273 IIMs also provide financial support to the needy and deserving students in the form of scholarships74

Course Feesedit

In 2004, IIMs used to charge a fee of approximately 15 lakh per year three lakhs for two years75767778 for its flagship programme By 2016, the fee has reached almost 19 lakhs79808182 Inflationary trends in India8384 has been cited as one of the reasons for the fee hike at IIMs8586

See alsoedit

  • Indian Institutes of Technology
  • Indian Institute of Engineering Science and Technology
  • National Institutes of Technology
  • Capitation fee
  • Indian Ethos in Management

Notesedit

  1. ^ a b Per the sources supplied in the text, IIM Rohtak was inaugurated on 30 June 2010 and IIM Ranchi was inaugurated on 6 July 2010 Therefore, IIM Rohtak was officially inaugurated before IIM Ranchi, making IIM Rohtak the eighth IIM by order of inauguration Sources say IIM Rohtak is the eighth, see eg The Financial Times 7 November 2011

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  81. ^ http://wwwndtvcom/india-news/iim-ahmedabad-hikes-post-graduate-course-fee-by-rs-1-lakh-1290190 Retrieved 10 September 2016  Missing or empty |title= help
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  86. ^ http://digitallearningeletsonlinecom/2014/11/inflation-forces-iim-to-hike-fees/ Retrieved 10 September 2016  Missing or empty |title= help

External linksedit

  • Government of India, Ministry of Human Resources Development

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