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Indian Institutes of Management

This is an old revision of this page, as edited by Valrama (talk | contribs) at 13:19, 5 February 2008 (list the institutes in alphabetical order. Need to follow some sensible consistent order!). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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The Indian Institutes of Management (IIMs) are India's premier business schools that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. They are located at Ahmedabad, Bangalore, Calcutta (or Kolkatta), Indore, Kozhikode (or Calicut), Lucknow, and Shillong. They award post-graduate diplomas in management (equivalent to an MBA) with various specializations. The programs are of a duration of two years. Apart from the flagship programs, the IIMs also offer various shorter duration management training programs as well as part-time MBA programs for various organisations and individuals. The IIMs conduct Post-graduate Diploma Programmes in Management (equivalent of MBA), fellowship Programmes in Management (equivalent to PhD), Short-term Management Development and Organisation based programmes as well as carry out Research and Consultancy for the industry. These Institutes conduct research to cater to the needs of non-corporate and under-managed sectors, viz. Agriculture, Rural Development, Public Systems Management, Energy, Health Education, Habitat, etc.

All the IIMs are completely autonomous institutes owned and financed by the Central Government of India. They were created by the Indian Government[1] with the aim of identifing the brightest intellectual talent[2] available in the student community of India and training it in the best Management Techniques available in the world, to ultimately create a pool of elite world class managers to manage and lead the various sections of the Indian economy. IIMs play a leadership role in the nation’s managerial manpower development and carry out research in emerging areas.[3] These Institutes are recognized as premier management institutions, comparable to the best in the world for teaching, research and interaction with industries. IIMs being Role Models have shared knowledge and skills with other institutions to improve their quality and standards in management education. IIMs have earned an international reputation for the quality of their alumni.

The IIMs are considered top business schools in India.[4] These seven IIMs along with the Indian Institutes of Technology (Engineering and Technology), the School of Planning and Architecture (urban and regional planning, architecture and industrial design), the Indian Institute of Science (Science), the Indian Statistical Institute, the National Law School of India University (Law) and the All India Institute of Medical Sciences (Medicine) form the elite club of the best centers for higher education in India and are comparable to the best in the world[citation needed]. Though initially constrained due to the closed nature of the Indian economy prior to the reforms era, with the opening up of the Indian economy in the 1990s and with thousands of alumni placed in important positions in the top companies[citation needed] and locations all over the world, the IIM alumni network is now rapidly enhancing the influence and reputation of the Indian Institutes of Management on the global business scene like the IITians have done in the field of technology.

Admission process

The CAT (Common Admission Test) conducted by the IIMs is a very competitive test conducted for admission to around 1250 graduate programs in management at the six campuses, and is usually considered one of the most competitive exams in the world[citation needed], with a success rate of less than one in a hundred[citation needed]. Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test. Around 195,000 students compete for less than 1200 general seats in the IIMs (As per 2006 figures) which makes it even more selective than all the top US business schools put together[citation needed]. Even with a top 1% score, a candidate must also successfully take the equally stringent group and individual interviews. The overall acceptance rate ranges from around 0.1% to 0.4% of the applicants (compared with the acceptance rate of around 5-10% in the top US schools)[citation needed]depending on the rank of the individual IIM. The remaining 23% of seats are reserved for candidates belonging to Scheduled Castes and Tribes and PWD. The average percentile of students admitted through these reserved categories[5] is lesser than the percentile scores of the General class students, which generally hovers around 99 percentile.

==IIM Ahmedabad==

Main article: Indian Institute of Management Ahmedabad

Indian Institute of Management Ahmedabad was established in 1961 as an autonomous institution by the Government_of_India in collaboration with the Government_of_Gujarat and the Indian Industry and is the second oldest IIM. Vikram_Sarabhai, a noted scientist and Industrialist and other Ahmedabad-based industrialists played a major role in the creation of the Institute. It was registered as a society with a Board of Governors to oversee the functioning of the Institute. The Board has representatives from the Governments of India and Gujarat, the Industry, the IIM-A Society, the IIM-A faculty, etc. IIM-A was conceived not to be purely a Business_school, but a school of management. Its mission is to professionalise Indian management through teaching, research, training, institution building and consulting. It also aims to professionalise some of the vital sectors of India's economy such as agriculture, education, health, transportation, population control, energy, and public administration. In its formative years, IIM Ahmedabad collaborated with the Harvard_Business_School. Largely as a consequence of this collaboration, IIM-A pioneered the case method of teaching in India. IIM Ahmedabad is considered to be the toughest business school in the world to get into. (Source: Economist_Intelligence_Unit - "Which MBA"). At IIM Ahmedabad, there were 532 applicants for every seat in 2005. It is the premier B-School in Asia-Pacific. Its current chairman is Dr. Vijaypat Singhania.

==IIM Bangalore==

Main article: Indian Institute of Management Bangalore

File:Iimb.jpg Established in 1973 and building on the base of its accomplished faculty and motivated student body, Indian Institute of Management Bangalore has evolved into a premier centre for management education and research. The flagship Postgraduate Programme in Management (PGP) and Fellow (Doctoral) Programme in Management (FPM) are rated highly and IIMB alumni occupy senior managerial and academic positions across the globe.

Besides the above mentioned programmes, IIMB offers several management programmes which include:

  1. The Post Graduate Programme in Software Enterprise Management (PGSEM) launched in 1998 is a management education programme designed for the specific needs of professionals working in the software and information technology industries;
  2. The Post Graduate Programme in Public Policy and Management (PGPPM) launched in 2002 is helping to hone policy-making and managerial capabilities in government.
  3. The International Masters Programme in Practising Management (IMPM), an international collaborative executive education program jointly offered by IIMB with INSEAD, McGill University, Lancaster University and a consortium of Japanese universities is globally recognised as a major innovation in executive education;
  4. In addition to the long-duration programmes (PGP, PGSEM, PGPPM and FPM), IIMB offers a wide range of top quality executive education programmes to meet the continuing education needs of business executives.

Established through a generous endowment, the N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIMB is a catalyst for entrepreneurial activity. Apart from the faculty, curriculum, a student body and infrastructure IIMB has adequate industry linkages that are thought to be vital for a business school to create well rounded corporate leaders. IIMB provides its students with a unique perspective. The focus is not just on academics but also on personality enrichment to enable future leaders to take shape. This can be seen in the various student activities on campus. Apart from the usual meetings of business leaders and seminars conducted by the FII (Forum of Industrial Interaction), IIMB also offers its students opportunities in various other clubs. These include ICON - the consulting club which sources live consulting projects for the students, Vikasana - the students' social service club, MARS - the retailing club that operates a state-of-the-art store on campus which boasts of increasing its turnover 6 times from half a million to about 3 million rupees.

Like many other academic institutes, IIMB runs a student exchange programme in the country; partner schools include NYU Stern, GSB Chicago, Anderson (UCLA), WHU Germany, the London School of Business and the LAOTSE network of leading European and Asian universities.

In order to provide more students with an international exposure, IIMB has a course on international business that involves project work with a participating company at a foreign location. The international linkages at IIMB are so strong that about 70% of the batch has some international exposure during the course.

The annually held student festivals - VISTA(the management fest) and UNMAAD (the cultural festival) - attract enthusiastic participation from colleges and industry across the country and abroad. Its current chairman is Mukesh_Ambani.

IIM Calcutta

Main article: Indian Institute of Management Calcutta
 
The auditorium of IIM Calcutta

The Indian Institute of Management Calcutta, was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in November 1961 in collaboration with MIT Sloan School of Management, the Government of West Bengal, The Ford Foundation and Indian industry. From its very inception as the first IIM, pioneering management education in India, the Institute has been a melting pot of academic talent. Eminent academicians such as Douglas McGregor, Miles Kennedy, Paul Samuelson, Jagdish Sheth, Ravi Mathai, Ashok Mitra, Barun De, Kamini Adhikary, Eshwar Dayal, Warren Bennis, Jati K. Sengupta & Gouranga Chattopadhyay have all been part of the institute.

The foundation stone of the Joka campus was laid by Sri Morarji Desai, the then Dy. Prime Minister of India on Dec 15, 1968. The Institute moved to its present campus in 1975.

The institute is located in its own sprawling 135 acres campus in Joka, away from the hustle and bustle of the metropolis. IIM Calcutta has one of the most breathtakingly beautiful academic campuses in the country - spotted with scenic locales, seven lakes, exotic birds, and a miniature Howrah Bridge.

The institute offers the following programmes of study:[6]

  1. Postgraduate Program for Executives - One Year Full Time(PGPEX)
  2. Postgraduate Diploma in Management - Two Years PGDM
  3. Postgraduate Diploma in Management- Visionary Leadership in Manufacturing (PGPEX-VLM)
  4. Postgraduate Diploma in Computer aided Management (PGDCM)
  5. Postgraduate Diploma in Business Management (PGDBM)
  6. Fellow Programme in Management (FPM)
  7. Executive Program in Business Management - One Year Part Time [EPBM]
  8. Executive Program for Young Professionals/Young Managers (EPYP/YM)

IIM Calcutta shifted to its new campus at Joka, a suburb of Calcutta, with the admission of the twelfth batch in 1975. As of 2006, forty one batches have passed out of this unique campus, loved for its lakes and its emphasis on freedom of thought, and renowned for its quantitative bent of mind. Alumni are working in government, the corporate sector, academia or forging their own path.

IIM Calcutta was one of the first Indian colleges to implement an extranet connecting faculty, students, alumni and corporates - a nice demonstration link is provided on its website. IIM Calcutta is also known for its cultural pursuits - the annual cultural festival Carpe Diem, and music bands famously named after the public transport bus routes that 'connect IIMC to civilization' - Joka Band Stand and 12-C (pronounced Baro-See).

INCA, or INitiative for Community Action, is a voluntary student body that works closely with NGOs in the Kolkata region.

Intaglio is the annual international business school festival of IIM Calcutta. It used to be called NBSM (National Business School Meet) earlier. It is one of the premier business school fests in the Asia Pacific region inviting participation from the top business schools across the world including Harvard Business School, The Wharton School, the Tuck School of Business, Yale School of Management, the Kellogg School, NUS and many more.

Some of the most notable alumni from IIM Calcutta include Indra Nooyi and Sriram Parasuram. Recentely an alumni of IIM Calcutta from the class of 2004 made a world record by climbing the seven highest peaks of seven continents in minimum time till date. Malli Mastan Babu an avid adventure sports enthusiast started his own adventure sports firm after finishing his summits.

IIM Lucknow

Main article: Indian Institute of Management Lucknow
 
IIM Lucknow

Situated on the outskirts of the historic city of Lucknow, the Indian Institute of Management Lucknow, was established in 1984, by the Government of India, as a national school of excellence in management science.

IIML 's mission is to be a global, socially conscious and integrated school of management, contributing towards management development, both in India and abroad. Towards this, IIML undertakes a diverse range of academic activities and interventions aimed at creation, dissemination, and application of management knowledge and practices.
These include :
1. Post Graduate Programme (Equivalent to an MBA)
2. Fellow Programme
3. Management Development Programme
4. Research Programmes
5. Consulting Programmes.


IIML is also entering into collaborative arrangements with leading business schools and research centres in India, Europe, Canada, South and Southeast Asia. It has opened up a IIM Lucknow Noida Campus. It is being developed as a centre of excellence in the area of executive education. It is the IIML way of contributing to the industry and realizing its vision to remain at the forefront of management thinking and education. This campus will be a vibrant nodal centre for post experience management education, research, consulting and corporate training.

The Institute has state-of-the-art computing and class-room facilities, supported by an extensive library of books, journals, films, and databases. IIML academic programmes are fully residential.

 
Manfest

Student Activities
The diversity of the IIM-L curriculum is complemented by a rich variety of co-curricular and extracurricular activities. Student's Council

The Students' Council, elected by the student body, plans and implements students' activities. Working closely with the Institute faculty and administration, the Council also coordinates the functioning of the mess and organises all the cultural, and sporting activities of the student community.
Manfest is the Annual Business Conclave of IIML.[7] It is one of the premier business events in South Asia Pacific attracting participants from across the world and simultaneously provides the Corporate World a unique opportunity to interact with the leaders of tomorrow.

IIM Kozhikode (Calicut)

Main article: Indian Institute of Management Kozhikode
File:Aerial View s.jpg
IIM Kozhikode

The Indian Institute of Management Kozhikode, was established as the 5th IIM in the country in 1996 by the Government of India in collaboration with the Government of Kerala, it provides education, training, consulting and research facilities in management.

The institute is located at Kozhikode, in Kerala, South India. The picturesque campus is spread over two hills which are part of the foothills of the Western Ghats.

IIMK emphasizes on the development of analytical skills and focuses on global cross-cultural issues. It also stresses on social responsibility, and has a two year social development project as a compulsory part of its flagship Post Graduate Programme in Management (referred to as the PGP and equivalent to an MBA).

IIMK incubates the Centre of Excellence(CEx), where youth from the marginalized sections of society, such as the SC/STs, are imparted training to make them intellectually and emotionally capable of joining reputed companies and educational institutions. The skills taught also make them capable of clearing entrance exams of various educational institutions. The CEx now functions as the Kerala Chapter of the Indian Council of Social Science Research (ICSSR).

IIM Indore

Main article: Indian Institute of Management Indore

Indian Institute of Management Indore was set up in 1998 and is the youngest of the IIMs.[8] The campus at 193 acre (781,000 m²) is the largest among all the IIMs.

"A strong theoretical foundation is the basis of good corporate practice" - this is the underlying theme of the Post Graduate Programme (PGP). Spanning two years the programme is benchmarked against the best business schools in the world. Experiential learning, IT orientation, and Social Sensitivity are the unique features of the programme.

IIM Indore has gradually been increasing the annual intake of students for its flagship two year PGP (MBA) program from around 50 in 1998 to 180 in 2006. The intake is expected to increase to 240 students from the academic year 2007 onwards.

The International Student Exchange program ensures that the students are exposed to the latest trends in management across the business schools of the world. The institute had its first student exchange of six students with Ecole de Management de Lyon (EM Lyon) a premier business school based in Lyon, France in 2005. The exchange program has advanced rapidly and the institute currently (as of 2006) has exchange programs with two business schools in France, one in China and one in New Zealand with several others on the anvil. As per reports talks are on with several US based B schools (including a US top 3 B-school) for faculty and student exchange programmes

The activities of the students are co-coordinated by the Students Welfare Activities Council (SWAC), an elected body of student representatives. Sub-committees look after various aspects such as academics, sports, infrastructure, etc.

The annual management festival provides an opportunity for IIM Indore as a place where the best minds of the country unite to compete and to exchange ideas.[9]

The exclusive annual quizzing event Nihilanth for IITs and IIMs has its roots in IIM Indore that hosted the inaugural edition in 2003.It is the only event that has participation from the two pillars of Indian Academia the IITs and IIMs.

The institute also has a student portal knows as IIM Indore 360 which totally managed by their participants. The website is http://www.iimindore360.com

IIM Shillong

Main article: Indian Institute of Management Shillong

The Government of India, in a decision[10] taken by the Union (Federal) Cabinet of Ministers, has recently decided to approve the opening of a seventh IIM[11] at Shillong, the capital of the north-eastern state of Meghalaya. The Institute is proposed to be named as Rajiv Gandhi Indian Institute of Management, Shillong. This new IIM will start operations in year 2008 and will be having admissions through CAT 2007. The GOI press release:

It has been decided to establish a new Indian Institute of Management (IIM) for the North East Region at Shillong. This institution would help in setting the highest standards of management education in the region. A detailed project report for establishing a full fledged campus is under preparation. The IIM would start its academic operations soon.

Alumni

Main article: The Indian Institutes of Management, USA Chapter

In year 2005 leading alumni of various IIMs founded alumni organizations in various parts of the world. One of the stated objectives of these alumni associations is to form a dynamic community of leaders and thinkers who make a difference across the world.

Reservations at IIMs and IITs

Around 75% of the seats are from the General category, that is that they are filled through open competition. Around 195,000 students compete for less than 1200 general seats (As per 2007 figures) in the IIMs. There is a 22.5% reservation for Scheduled Caste and Scheduled Tribes students and 3% reservation for the PWD(Person With Disability) students. It was announced by the govt that reservations will be increased in a phased manner to 50.5%in IIMs and IITs with rest of the reserved seats going to OBC (other backward classes) candidates. As of now the reservation has been stayed by the court in response to a petition.

See also

References

  1. ^ http://education.nic.in/tecedu.asp
  2. ^ http://education.nic.in/tecedu.asp
  3. ^ http://education.nic.in/tecedu.asp
  4. ^ http://www.hinduonnet.com/jobs/0403/2004030300271000.htm
  5. ^ http://202.41.76.206/shortlistcriteria2006.pdf
  6. ^ http://www.iimcal.ac.in/edp/ldpCourseDtls.asp?courseid=epbm2006&tabno=2
  7. ^ http://www.iimlmanfest.com
  8. ^ http://www.iimidr.ac.in
  9. ^ http://www.iimi-iris.com IRIS
  10. ^ http://pib.nic.in/archieve/others/2005/nedocuments2005dec/nescdocuments2005dec_hrd.asp
  11. ^ http://www.hindu.com/2005/10/25/stories/2005102506591200.htm
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