WikiPortallus: Indian Institutes of Management.html

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 Government¹ with the aim of identifing the brightest intellectual talent¹ 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.¹ 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.² 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.

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 supposed success rate of about one in two hundred³. 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 figures⁴), 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 categories⁵ 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. 14.3% for Harvard University#Admissions and 7.9% for Stanford University in 2006. This comparison is incorrect since all students appearing for the CAT are considered to be IIM applicants whereas over 120 business schools in India accept CAT scores. If all 200,000 GMAT test takers were considered Harvard Business School or MIT Sloan School applicants their acceptance rates would seem to be 0.4% and 0.2% respectively.

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.⁶ 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. It also aims to professionalize some of the vital sectors of India's economy such as agriculture, education, health, transportation, population control, energy, and public administration. IIM Ahmedabad is considered to be the toughest business school in the world to get into, with over 500 students applying for every MBA seat.⁷.

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.⁸ 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. 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%.⁹

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.¹⁰ The foundation stone of the 135 acres 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 2004.¹¹ 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 world¹², including UCLA Anderson School of Management, Instituto de Empresa, ESCP-EAP, WHU-Otto Beisheim School of Management among others.

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.¹³

The institute follows a mixed pedagogy, imbibing both theory and cases in the curriculum.

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

Apart from post-graduate and doctoral programmes, IIM Kozhikode conducts regular workshops for managers and management faculties. In 2001, IIM Kozhikode started Interactive Distance Learning (IDL), with introduction of Executive Management Education Program (eMEP). It was the first institute in Asia to offer a distance learning programme in management for working executives.¹⁴ The institute has further introduced specialised modules for this course. ¹⁵ IIMK is also actively involved in research project sponsored in house and by external agencies. It has set a centre for research in Indian global competitiveness and WTO system.¹⁶

IIMK runs an incubation center called Centre of Excellence(CEx), where youth from marginalized sections of society, such as the scheduled castes and scheduled tribes, 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.¹⁸

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. Apart from these, the institute offers a unique course in for armed forces officers, designed particularly for mid-level defence officers.¹⁹²⁰

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 2005.²¹ 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.²²

IIM Shillong

The Government of India, in a decision²³ taken by the Union (Federal) Cabinet of Ministers, has recently decided to approve the opening of a seventh IIM²⁴ 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:

Future IIMs

Alumni

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 world²⁶.

In year 2007 various alumni chapters of IIMs globally decided to form a Global IIM Alumni Society. This society will network existing alumni chapters and provide a common platform to link all. It will also organize global management events, publish books, contribute back to the parent institutions, network alumni via a shared intranet and extranet etc" ²⁷

Reservations at IIMs

Around 75% of the seats are from the General category, that is that they are filled through open competition. Around 230,000 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 with rest of the reserved seats going to OBC (other backward classes) candidates.IIMs would implement the OBC reservations in a phased manner during three years

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