The Indian Institutes of Management (IIMs) stands as a beacon of excellence in management education, renowned nationally and internationally for their unrivaled dedication to developing exceptional leaders and promoting cutting-edge research. IIMs were founded to change the way business and management are regarded, and they have matured into a collective force that redefines success, innovation, and leadership. The Indian Institutes of Management (IIMs) have been deemed as “Institutes of National Importance (INI)” following the enactment of the Indian Institutes of Management Act, 2017 by the Ministry of Human Resource Development (MHRD). Currently, there are 21 IIMs all over India with IIM Calcutta being established as the very first institute in the year 1961.
The IIMs have consistently upheld a reputation for academic rigour, holistic development, and a progressive approach to business education. These premier institutions have become synonymous with transformative learning experiences, producing graduates who possess not only a profound understanding of business principles but also an ability to adapt and excel in an ever-changing global landscape.
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Degrees Offered -
The IIMs offer a diverse range of programs, including flagship postgraduate courses, doctoral programs, executive education, and specialized management courses. Through a rigorous curriculum, innovative pedagogical methods, and a faculty comprised of distinguished scholars and industry experts, the IIMs cultivate a unique learning environment that encourages critical thinking, problem-solving, and ethical decision-making.
Following is the list of programs offered at IIMs -
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Master of Business Administration (MBA) (2 years) - The flagship program of most IIMs is the PGP, which is often referred to as MBA. This is a two-year full-time residential program that equips students with a comprehensive understanding of various management disciplines. The PGP is designed to develop strong leadership, analytical, and problem-solving skills.
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1-year Master of Business of Administration (MBA) (1 year) - The one-year MBA program offered by all IIMs is the Executive MBA program for professionals with a minimum of 5 years of work experience. This Postgraduate Programme is known by different names across different IIMs. It provides advanced management education and leadership skills to help professionals accelerate their careers.
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Master of Business Administration (MBA) with other specialty programs - Several IIMs offer an MBA with specializations focusing on different fields such as Master of Business Administration in Food and Agri-Business Management (MBA-FABM) offered by IIM Ahmedabad, Master of Business Administration in Entrepreneurship and Innovation (MBA E & I) offered by IIM Lucknow, Post Graduate Programme in Liberal Studies & Management (PGP-LSM) offered by IIM Kozhikode, and many more.
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Executive Education Programmes - IIMs offer a wide range of short-term and long-term executive education programs for working professionals at various career stages. These programs help professionals enhance their skills and knowledge without taking an extended break from their careers. Some examples include the Faculty Development Programme (FDP) offered by IIM Ahmedabad, the Management Development Programme (MDP) offered by IIM Kozhikode, and many more.
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Doctoral Programme in Management (Ph.D.) - The Fellow Program in Management (FPM) is a full-time research program focused on producing scholars and researchers in the field of management.
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Integrated Programme in Management - The five-year Integrated Program in Management is offered by 5 IIMs across India, namely, IIM Indore, IIM Ranchi, IIM Jammu, IIM Bodh Gaya, and IIM Rohtak.
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Admission Process -
The Indian Institutes of Management (IIMs) conducts an admissions process that is very competitive and thorough, aimed at picking applicants who not only have good academic records but also remarkable ability, leadership potential, and a passion for learning. While precise specifics may differ significantly between IIMs, the following overview summarises the overall admission process for the majority of IIMs:
1. CAT (Common Admission Test) Examination: The first step for admission to the IIMs is usually to appear for the CAT exam. CAT is a national-level entrance test conducted annually, measuring candidates' quantitative, verbal, and logical reasoning abilities. It serves as the initial screening process to shortlist candidates for the subsequent rounds of selection.
2. Shortlisting for Written Ability Test and Personal Interview: Each IIM publishes a shortlist of candidates who meet their cutoff requirements based on CAT scores. Shortlisted candidates are subsequently invited to the next step of the selection process, which usually consists of a Written Ability Test and a Personal Interview.
3. Academic Performance, Work Experience, and Diversity: In addition to the CAT score, the selection procedure takes into account the candidate's academic performance, employment experience, diversity (including gender, academic background, and professional experience), and any other noteworthy accomplishments. These factors can play a significant role in determining the final selection.
4. Final Selection: After the WAT and PI rounds, each IIM compiles a final merit list based on various components, including CAT score, WAT score, PI performance, academic performance, work experience, and diversity factors. Candidates who make it to the final merit list receive offers of admission.
5. Waitlist and Offer Acceptance: IIMs often maintain a waitlist of candidates in case some of the initially selected candidates do not accept the offer of admission. As candidates decline offers, candidates from the waitlist are offered admission in the order of their ranking.
It's crucial to keep in mind that the admissions procedure may vary slightly amongst different IIMs and may change annually. Additionally, a few IIMs provide specialized programs with distinct admission requirements. Aspiring applicants should carefully research the admission requirements and procedure of the particular IIMs they are interested in.
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