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 Commission. IIMs are registered as societies under the Indian Societies Registration Act. 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 India.
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Indian Institutes of Management ( IIM )
Indian Institutes of Management (IIMs) has two-year Post Graduate Programme in Management (PGP), offering the Post Graduate Diploma in Management (PGDM), is the flagship programme across all IIMs. These post-graduate diploma programmes are considered the equivalent of regular MBA programmes.
Some IIMs also offer a one-year post-graduate diploma programme for graduates with more work experience. Some IIMs offer the Fellow Programme in Management (FPM), a doctoral programme. The fellowship is considered to be equivalent to a PhD globally. Most IIMs also offer short-term executive education / EMBA courses and part-time programmes.
Some IIMs also offer unique programs, like Indian Institutes of Management Indore’s Five Year Integrated Programme in Management and Indian Institutes of Management Lucknow’s Working Managers’ Programme of three years.
List of Indian Institute of Management (IIMs) in India
|Names of IIMs||Short Name||Establishment||Location||State/UT||Website|
|First Generation IIMs|
|Indian Institutes of Management Calcutta||IIM-C||1961||Kolkata||West Bengal||iimcal.ac.in|
|Indian Institutes of Management Ahmedabad||IIM-A||1961||Ahmedabad||Gujarat||iima.ac.in|
|Indian Institutes of Management Bangalore||IIM-B||1973||Bangalore||Karnataka||iimb.ac.in|
|Indian Institutes of Management Lucknow||IIM-L||1984||Lucknow||Uttar Pradesh||iiml.ac.in|
|Indian Institutes of Management Kozhikode||IIM-K||1996||Kozhikode||Kerala||iimk.ac.in|
|Indian Institutes of Management Indore||IIM-I||1996||Indore||Madhya Pradesh||iimidr.ac.in|
|Indian Institutes of Management Shillong||IIM-S||2007||Shillong||Meghalaya||iimshillong.ac.in|
|Second Generation IIMs|
|Indian Institutes of Management Rohtak||IIM-R||2010||Rohtak||Haryana||iimrohtak.ac.in|
|Indian Institutes of Management Ranchi||IIM-Ranchi||2010||Ranchi||Jharkhand||iimranchi.ac.in|
|Indian Institutes of Management Raipur||IIM-Raipur||2010||Raipur|| |
|Indian Institutes of Management Tiruchirappalli||IIM-T||2011||Tiruchirappalli||Tamil Nadu||iimtrichy.ac.in|
|Indian Institutes of Management Kashipur||IIM-Kashipur||2011||Kashipur||Uttarakhand||iimkashipur.ac.in|
|Indian Institutes of Management Udaipur||IIM-U||2011||Udaipur||Rajasthan||iimu.ac.in|
|Third Generation IIMs|
|Indian Institutes of Management Nagpur||IIM-Nagpur||2015||Nagpur||Maharashtra||iimnagpur.ac.in|
|Indian Institutes of Management Amritsar||IIM Amritsar||2015||Amritsar||Punjab||iimamritsar.ac.in|
|Indian Institutes of Management Bodh Gaya||IIM-BG||2015||Bodh Gaya||Bihar||iimbg.ac.in|
|Indian Institutes of Management Sirmaur||IIM Sirm aur||2015||Sirmaur district||Himachal Pradesh||iimsirmaur.ac.in|
|Indian Institute of Management Visakhapatnam||IIM-Vizag||2015||Visakhapatnam||Andhra Pradesh||iimv.ac.in|
|Indian Institutes of Management Sambalpur||IIM-Sambalpur||2015||Sambalpur||Odisha ||iimsambalpur.ac.in|
|Indian Institutes of Management Jammu||IIM-Jammu||2016||Jammu||Jammu and Kashmir||iimj.ac.in|
Course Fees in Indian Institute of Management
In 2004, Indian Institutes of Management charged a fee of approximately ₹1.5 lakh (US$2,100) per year (₹3 lakh (US$4,200) for two years) for their flagship programmes. By 2016, the fee was almost ₹19 lakh (US$26,000). Inflation in India has been cited as one of the reasons for the fee hikes at IIMs. It is better to check the Course Fees directly at there own Institute Website in which you want to study.
Admission Process of IIMs
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 scores. GMAT scores are a prerequisite short-listing criteria used for admission to the one-year full-time programme for experienced executives. 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 round of interviews while all are compelled to accept scores on standardized 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 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 Exam of IIMs
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, with a success rate of around one in two hundred. Even with the recent addition of new colleges, in 2013 the acceptance rate at IIMs was 1.714%, one of the lowest in the world.
Originally conducted as a paper-and-pencil test given on a particular date all over India, in 2009 CAT began being given as a computer-based assessment operated by Prometric. In 2014, Tata Consultancy Services (TCS) received a 5-year contract to conduct the test. The online test is now given over a period of a 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 group-discussion round with a common written analysis test to evaluate communication and comprehension skill. The seven older IIMs did not announce plans to change the admission process.
The admissions for the two-year 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 selections.
Courses in Indian Institutes of Management
- Postgraduate Education
- Doctoral Education
- Executive Education
- Other Programmes
Postgraduate Education in Indian Institutes of Management
All IIMs offer a two-year full-time Post Graduate Programme in Management (PGP), equivalent to a Master of Business Administration (MBA) degree. The programme is considered the flagship programme of IIMs, and awards the Post Graduate Diploma in Management (PGDM) to successful candidates.
This programme is usually structured into six trimesters spread across two years, starting in June and running until April of the second year. 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.
The PGP is a general, fully integrated management programme with no specialisation, and typically includes courses in accounting, behavioural science, 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.
Since 2006, some IIMs have started offering one-year, full-time post graduate diploma programmes for professionals having approximately 5 years or more of work experience. This program was necessitated because the normal 2-year program is primarily aimed at new 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 include the same courses as offered in a typical 2-year MBA program. These intensive programmes typically require 75 credits or around 750 hours of classroom teaching along with projects and other coursework as in a normal, global 2-year MBA program.
Designed as a regular MBA programme, which focuses on using the prior work experience of the students, the one-year MBA is named differently by different IIMs. It is called the Post Graduate Program for Executives at IIM Calcutta and IIM Shillong (PGPEX for short), and at IIM Ahmedabad and IIM Udaipur (PGPX for short).
It is called the Executive Post Graduate Programme (EPGP) at IIM Bangalore and IIM Indore, and the International Programme in Management for Executives (IPMX) at IIM Lucknow. The exact structure, admission criteria, and other details of these programmes vary.
However, all these programmes admit only candidates with approximately 5 or more years of professional experience and usually use a combination of GMAT score, essays, and personal interviews as entry criteria, similar to other globally reputed MBA programmes. The median GMAT score of the batches at IIM Bangalore is usually around 710.
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 (ICT) in business management. Most of the PGDCM coursework is integrated with the regular PGDM framework, and both PGDM and 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 specialising in human resources, called the Post Graduate Diploma in Human Resource Management (PGDHRM).
Since July 2005, IIM Lucknow is also offering a three-year Post-Graduate Programme in Management for Working Executives (also known as the Working Managers Programme(WMP)) from its Noida campus, which aims to develop the strong conceptual skills required to manage businesses of the future, to help inculcate leadership and teamwork amongst participants, and to foster the development of change-agents to take leadership roles in the global area.
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 Education in Indian Institute of Management
IIMs offer a Fellow Programme in Management (FPM) as 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 investigative and analytical ability. A student who completes this programme at any IIM, where (s)he is registered as a doctoral scholar, is awarded the title of Fellow of that institute (Fellow of the Indian Institute of Management Calcutta).
This Fellow Programme is equivalent to the Doctor of Philosophy (PhD) degree. Students receiving such a fellowship every year, across all IIMs, work in close association with one another in specific research areas of their choice.
Executive Education in Indian Institute of Management
Many IIMs offer executive education-certificate programmes targeted at working professionals. These are often short-term 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 an MBA or EMBA.
Only the diploma-level programmes are considered as equivalent, depending on whether it is full-time or part-time. Many IIMs—such as IIMC, IIMB, IIMK, IIM Kashipur, and IIM Rohtak—have partnered with third-party companies to enable these courses to be provided under a distributed model.
Other Programmes in Indian Institute of Management
Some IIMs offer specialised programmes targeted at various management 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-time 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 Programme in Management (IPM) that leads to a combined undergraduate-cum-graduate diploma. IIM Ranchi is the first and only IIM to offer a full-time Post Graduate Diploma in Human Resource Management (PGDHRM) programme.[
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.