IIM Indian Institute of managements
The Indian Institutes of Management (IIMs) are India’s premier management institutes that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. They were created by the Indian Government with the aim of identifying the brightest intellectual talent 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.
IIM 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 IIM. Noted scientist Vikram Sarabhai and other Ahmedabad-based industrialists played a major role in the creation of the institute. The institute had collaboration with Harvard Business School during initial period. It was registered as a society with a Board of Governors to oversee the functioning of the Institute. Its mission is to professionalize Indian management through teaching, research, training, institution building and consulting. Its programs are accredited by EQUIS (European Quality Improvement System), the leading international accreditation body for International business schools, thus becoming the first and currently the only Indian B-school to receive this honor. IIM Ahmedabad aims to professionalize some of the vital sectors of India’s economy such as agriculture, education, health, transportation, population control, energy, and public administration.
The institute is considered to be the toughest business school in the world to get into by the Economist. Each year over 500 students apply for every MBA seat.
IIM Ahmedabad has an excellent exchange program with the leading global business schools. The partner exchange institutes include some of the world’s biggest names in business management eduction like Stern School of Business(NY,USA), Columbia Business School (NY,USA), Graduate School of Business, Chicago (USA), UCLA Anderson School of Management(USA), Schulich School of Business, York University, (Toronto, Canada) and HEC School of Management(Paris, France).
IIM Bangalore
Indian Institute of Management Bangalore was established in 1973 following the success of IIM Calcutta and IIM Ahmedabad and demand for more such institutes.Along with post-graduate and doctoral courses, IIMB offers several other specialized courses in the areas of software enterprise management and public policy and management. IIMB is conducting an intensive one-year Executive Post Graduate Program E-PGP) for candidates with substantial work experience.
The institute is frequently ranked among the leading B-schools in Asia and is extremely tough to get into, with applicant acceptance for post-graduate programme as low as 0.2%.
IIMB runs a student exchange programmes with partner schools which include UCLA Anderson School of Management, WHU-Otto Beisheim School of Management, London Business School among others. IIMB is also part of the LAOTSE network of leading European and Asian universities.
IIM Calcutta
Indian Institute of Management Calcutta was established as the first national institute for post-graduate studies and research in management by Government of India in November 1961 in collaboration with MIT Sloan School of Management, Government of West Bengal, Ford Foundation and Indian industry.The foundation stone of the 135 acres (0.55 km2) Joka, Kolkata campus was laid by Morarji Desai, the Dy. Prime Minister of India on December 15, 1968. The institute moved to its present campus in 1975.
The institute also offers a specialized programme in computer-aided management along with its regular programmes. IIM Calcutta is extremely selective in terms of admissions offered, with about 1% of total applicants accepted in 2004. The institute runs Initiative of Community Action (INCA) which offers consultancy services to social and voluntary organizations, without charging them for any of these services. IIM Calcutta runs an active student exchange programme with leading universities around the world, including UCLA Anderson School of Management, Instituto de Empresa, ESCP-EAP, WHU-Otto Beisheim School of Management among others.
IIM Indore
Indian Institute of Management Indore was set up in 1998 and is sixth of the IIMs. The campus of IIM Indore is sprawled over the area of 193 acre (781,000 m²), located near the central Indian city of Indore.
Apart from its post-graduate programme, IIM Indore undertakes both residential and short term courses for working professionals. The flagship program of IIM Indore is its 2 year fully residential Post Graduate Programme in Management (PGP). One of the unique features of the PGP programme in IIM Indore is its focus on Social Concern. In this regard, participants take up a mandatory course called Society, Business and Management.
In addition to the regular management programmes, the institute offers a unique course in Business Management for the armed forces officers, designed particularly for mid-level defence officers.
The international student exchange program is undertaken to ensure 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 École de management de Lyon, a premier business school based in Lyon, France in 2005. The exchange program has advanced rapidly and the institute currently has exchange programs with business schools in France, China, New Zealand and the United States with several others on the anvil.
IIM Lucknow
The Indian Institute of Management Lucknow (also referred to as IIM Lucknow or IIML), was established in 1984, by the Government of India, as a national level school of excellence in management science. It was the fourth Indian Institute of Management to be established in India after IIM Calcutta, IIM Ahmedabad, and IIM Bangalore. It is situated at the outskirts of the historic and culturally rich city of Lucknow.
IIM Lucknow is the first and so far the only IIM to open a satellite campus. Located at NOIDA, the campus was started in 2007 and focuses exclusively on executive management programmes. The campus offers part-time programmes for working managers and professionals and residential programme for executives. The objective of these programmes is to combine the students experience with strategical and conceptual ideas in respect with current business practices.
Like its sister institutes, IIML has collaborative arrangements with leading business schools and research centres in India and abroad. These include ESCP-EAP Paris, ESADE Business School Barcelona, DeGroote School of Business Ontario and University of St. Gallen Switzerland among others.
The institute follows a mixed pedagogy, imbibing both theory and cases in the curriculum.
Indian Institute of Management Kozhikode
The Indian Institute of Management Kozhikode (IIMK) is one of the seven Indian Institutes of Management set up by the Government of India. The Institute was founded in 1996 in collaboration with the State Government of Kerala.
The Institute conducts a full range of academic activities in the field of management education covering research, teaching, and training, consulting and intellectual infrastructure development. The Institute emphasises development of analytical skills and a focus on global and cross-cultural issues with a balance between business demands and social concerns.
Location:
The Institute is located in Kozhikode district, (also known as Calicut), in the state of Kerala, which is very popular among tourists for its natural beauty. Calicut is a historic city where Vasco da Gama first established Indo-European business relationships, by discovering the sea route from Europe to India in 1498.
The campus on a hilltop, located amidst the scenic setting of the Western Ghats, a mountain range that spans most of the Indian west coast. The campus of IIMK was referred as the ‘God’s own Campus’ by former president of India, Dr A.P.J. Abdul Kalam at the inaugural function.
Indian Institute of Management Shillong
The Rajiv Gandhi Indian Institute of Management, Shillong or RGIIM is a Business School recently setup by the Government of India in the state of Meghalaya. It is the seventh and youngest in the line of Indian Institutes of Management that are generally considered to be among the best business schools in India. It is named after former Prime Minster, Rajiv Gandhi and the foundation stone of the institute was laid by Shri Arjun Singh, HRD Minister on December 1, 2007. and was formally inaugurated by Dr Donkupar Roy The Chief Minister Of Meghalaya on 4 July 2008.
The director of IIM Shillong is the illustrious Prof. Ashoke K Dutta who himself is an alumnus of IIM Calcutta. Educated in Calcutta at the St. Xavier’s College and the Indian Institute of Management. Prof. Ashoke K Dutta was on the Ph.D. programme in management at the Case Western Reserve University, USA for two years. He has worked for more than 30 years in Multinational Corporations, Indian Business Houses and Public Sector Enterprises. He has experience in industry such as Shipping & Transport, Fast Moving Consumer Products, Pharmaceutical, Media and Education.
Location:
Setting up IIMs and Central Universities in smaller cities and less developed Indian States has been a policy of the Indian Government for some time.
It was after a long drawn tussle with neighbouring state Assam that Meghalaya was granted the first IIM in North East India. The government of Meghalaya has allocated around 120 acres (0.49 km2) of land for the construction of a permanent campus in Shillong. A temporary campus has been set up at the Mayurbhanj complex of the North Eastern Hill University for the new IIM. A permanent campus will come in the new Shillong township later.
With the unplundered lap of nature coupled with world class management education and latest technology at their disposal, students are sure going to make a beeline for the first IIM of the 21st Century.
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 seven campuses, and is usually considered one of the most competitive exams in the world[citation needed], with a supposed success rate of about one in two hundred. Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test.
Some claim that since around 300,000 students compete for less than 1350 general seats (out of 1700 total seats) in the IIMs (2008 figures), IIMs are even more selective than all the top US business schools put together[citation needed]. 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 is lesser than the percentile scores of the General class students, which generally hovers around 99 percentile.
The above claims of competitiveness are highly disputable. IIM proponents claim that the overall IIM acceptance rates range between 0.1% to 0.4% depending on the rank of the individual IIM, compared to acceptance rates of 5-15% for the top US schools, e.g. 12% for Harvard Business School and 8% for Stanford Graduate School of Business in 2008. This comparison is inaccurate because CAT is akin to a GMAT whereas the the percentage calculated above assumes that CAT is akin to application to the business schools (IIMs). If it is assumed that all 200,000 GMAT test-takers are applicants to Harvard Business School or MIT Sloan, the acceptance rates for these schools will drop to 0.4% and 0.2% respectively. Secondly, CAT scores are accepted by more than 120 business schools in India which underscores the point that all test-takers are not applying to IIMs. Finally, it can be argued that a considerably small number of CAT test takers are serious candidates; the rest appear for this exam as a rite of passage. Such casual candidates are eliminated in GMAT due to high test fees.
The Indian Institutes of Management (IIMs) are India’s premier management institutes that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. They were created by the Indian Government with the aim of identifying the brightest intellectual talent 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.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 the top business schools in India.All the IIMs are completely autonomous institutes owned and financed by the Central Government of India. In order of establishment, the IIMs are located at Kolkata (Calcutta), Ahmedabad, Bangalore, Lucknow, Kozhikode (Calicut), Indore, and Shillong. They offer post-graduate courses in management (equivalent to an MBA), fellowship programmes in management (equivalent to PhD), executive MBA and industry based programmes. IIMs actively carry out research and consultancy for the industry, including the needs of non-corporate and under-managed sectors such as agriculture, rural development, public systems management, energy, health education, habitat, etc. The IIMs also offer various other management training programs as well as part-time MBA programmes for various organisations and individuals.