Indian Institutes of Management

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 [http://education.nic.in/tecedu.asp Technical Education ] ] with the aim of identifing 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 top business schools in India. [ [http://www.hinduonnet.com/jobs/0403/2004030300271000.htm The Hindu : Buzzing about a B-school ] ] 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 worldFact|date=July 2007, with a success rate of about one in a thousand [ [http://inhome.rediff.com/money/2008/aug/07iim.htm Rediff News 2008] ] . Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test. Around 300,000 students compete for less than 1350 general seats (out of 1700 total seats) in the IIMs (2008 figures [ [http://inhome.rediff.com/money/2008/aug/07iim.htm Rediff News 2008] ] ) which makes it even more selective than all the top US business schools put togetherFact|date=June 2007. The overall acceptance rate ranges from around 0.01% to 0.04% of the applicants depending on the rank of the individual IIM, compared with the acceptance rate of around 5-10% in the top US schools, e.g. 14.3% for Harvard University#Admissions and 7.9% for Stanford University in 2006. Even with a top 1% score, a candidate must also successfully take the equally stringent group and individual interviews. 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 [ [http://202.41.76.206/shortlistcriteria2006.pdf Indian Institute of Management Ahmedabad (IIMA) ] ] is lesser than the percentile scores of the General class students, which generally hovers around 99 percentile.

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.cite web
title = IIMA The Institute
url = http://www.iimahd.ernet.in/institute/institute.htm
accessdate = 2008-02-06] 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.cite web
author = Economic Intelligence Unit
title = Which MBA
url = http://mba.eiu.com/index.asp?layout=school_snapshot&mba_program_id=910471491&university_id=900471490&university_name=Indian+Institute+of+Management+%2D+Ahmedabad
accessdate = 2008-02-06] .

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.cite web
title = Indian Institute of Management Bangalore
url = http://www.iimb.ernet.in/iimb/html/m-frames.jsp?ilink=0&pname=aboutiimb-generalinfo.htm
accessdate = 2008-02-06] 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%.cite web
title = Full Time MBA profile
author = BusinessWeek
url = http://www.businessweek.com/bschools/rankings/full_time_mba_profiles/iimbangalore.html
date = 2008-01-15
accessdate = 2008-06-02]

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. [cite web
title = About IIM Calcutta
url = http://www.iimcal.ac.in/campus/default.asp
accessdate = 2008-07-02] 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. [cite web
title = 2004 Full Time MBA profile
author = BusinessWeek
url = http://www.businessweek.com/bschools/04/full_time_profiles/iimcalcutta.htm
accessdate = 2008-02-07] 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 [cite web
title = STEP, IIM Calcutta
url = http://www.iimcal.ac.in/programs/step/partners.html
accessdate = 2008-02-07] , including UCLA Anderson School of Management, Instituto de Empresa, ESCP-EAP, WHU-Otto Beisheim School of Management among others.

IIM Lucknow

Indian Institute of Management Lucknow was established in 1984 by the Government of India. It is situated on the outskirts of Lucknow, capital of state Uttar Pradesh

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. [cite news
title=IIM Lucknow opens campus in Noida
url=http://economictimes.indiatimes.com/articleshowarchive.cms%3Fmsid%3D1574320
date=2007-02-07
accessdate=2008-02-02]

Like its sister institutes, IIML also has collaborative arrangements with leading business schools and research centres in India and abroad. These include ESCP-EAP Paris, ESADE Business School Barcelona and DeGroote School of Business Ontario.

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. [cite news
title=Managing management education
url=http://www.hinduonnet.com/thehindu/thscrip/print.pl?file=2007121050161200.htm&date=2007/12/10/&prd=edu&
publisher=The Hindu
date=2007-12-10
accessdate=2008-02-14] The institute has further introduced specialised modules for this course. [cite web
title=Executive education programmes
url=http://www.iimk.ac.in/idl/aboutidl.htm
author=IIM Kozhikode
accessdate=2008-02-14] 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. [http://www.iimk.ac.in/wto/ IIMK WTO research centre]

The IIMK Foreign Exchange Programmes are in partnership with renown business schools like Bocconi University (Italy), Copenhagen Business School (Denmark), ESCP-EAP (France), European Business School (Germany), Jönköping International Business School (Sweden), Queensland University of Technology (Australia) and Royal Holloway, University of London (U.K.). IIMK also has a research exchange program with Victoria University of Wellington, New Zealand. [http://www.iimk.ac.in/intexchange/partner-institutions.htm International exchange programmes, IIMK ]

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. [http://www.cex.ac.in/history.htm Centre of Excellence, IIMK ]

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. [cite web
title=Programmes
author=IIM Indore
url=http://www.iimidr.ac.in/iimi/pages/institute/our-programmes.php
accessdate=2008-02-22] [cite web
title=GMP
author=IIM Indore
url=http://www.iimidr.ac.in/iimi/pages/institute/gmp.php
accessdate=2008-02-22]

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. [cite news
title=IIM-Indore's French Connection
publisher=Businessworld
url=http://www.businessworldindia.com/b_school/news_articles23.asp
accessdate=2008-02-22] 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. [cite web
url=http://www.iimidr.ac.in/iimi/pages/posts/international-exchange-programs25.php
title=International Exchange Programmes
author=IIM Indore
accessdate=2008-02-22]

IIM Shillong

The Government of India, in a decision [ [http://pib.nic.in/archieve/others/2005/nedocuments2005dec/nescdocuments2005dec_hrd.asp PIB Press Releases ] ] taken by the Union (Federal) Cabinet of Ministers, has recently decided to approve the opening of a seventh IIM [ [http://www.hindu.com/2005/10/25/stories/2005102506591200.htm The Hindu : National : Seventh IIM to be set up in Shillong ] ] 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.

Future IIMs

The 11th five year plan of India proposed 7 new IIMs by the end of 2012. Of these, the government has announced plans to establish 6. These IIMs will come up in the states of Jammu and Kashmir, Tamil Nadu, Jharkhand, Chhattisgarh (IIM Raipur), Uttarakhand and Haryana. [cite news|title=http://www.hindustantimes.com/StoryPage/StoryPage.aspx?id=ae763e27-d16b-4ba4-8ba5-9040ef6c2239&ParentID=971db4a9-d6b6-4621-854a-94bff6fbf570&&Headline=Four+new+IITs+and+six+IIMs+to+come+up|publisher=Hindustan Times|date=2008-03-29|accessdate=2008-04-01]

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 world" [ [http://www.iimusa.org IIM Alumni - USA ] ] .

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" [ [http://www.iim-alumni.org-a.googlepages.com/home www.iim-alumni.org - IIM Alumni Society (beta) ] ]

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

ee also

* Indian Institutes of Technology
* National Institutes of Technology

References

External links

* [http://education.nic.in/tecedu.asp Government of India, Ministry of Human Resources Development.]
*Indian Institutes of Management
** [http://www.iimcal.ac.in IIM Calcutta]
** [http://www.iimahd.ernet.in IIM Ahmedabad]
** [http://www.iimb.ernet.in IIM Bangalore]
** [http://www.iiml.ac.in IIM Lucknow]
** [http://www.iimk.ac.in IIM Kozhikode]
** [http://www.iimidr.ac.in IIM Indore]
** [http://www.iimshillong.in/ IIM Shillong]