IIM-R ready to give shape to vision

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  • Published 2.01.11

Ranchi, Jan. 1: Indian Institute of Management (IIM) Ranchi is ready with a vision and strategic plan document for the next five years, which envisages a number of region-specific ideas, to be implemented in phases.

According to institute director M.J. Xavier, in the pipeline were plans to open centres for business analytics, neuro-management (with a tie up with Kanke-based Central Institute of Psychiatry), research in Indian management, mining and manufacturing, inclusive growth and regional development and e-governance.

Fields including health management, transportation management, sports management, media management and sustainability and green management would be incorporated in due course.

For the centre for business analytics, IIM-R is in talks with Citibank and IBM for support.

The institute will also introduce a postgraduate diploma course in management (PGDM), equivalent to an MBA, for working professionals from this year. The three-year course would be taught on weekends.

At present, IIM Ranchi offers a two-year full-time PGDM for which aspirants are selected through the common admission test (CAT).

CAT scores will not be the criteria for a seat in the PGDM programme for working professionals, and the institute is yet to decide the mode of selecting candidates for the part-time programme.

“The programme will be a great help for executives in companies operating in the state,” Xavier said.

Meanwhile, IIM-R, in consultation with its mentor IIM-Joka, has already shortlisted names of about 40 aspirants who have applied for teaching posts in the new management cradle.

“We got responses from over 700 candidates. We have shortlisted 40 who would be called for interviews in the last week of January and first week of February. We aim to finally recruit eight,” said Xavier, adding that the interviews would take place in Calcutta.

The first batch of 44 IIM-R students is being taught by faculty from IIM-Joka. But after the recruitment of quality teachers, there would be less dependence on guest faculty.

In coming years, IIM-R also aims to start courses in PGDM in business analytics, fellow programme in management, faculty development programme for other management institutes and in-company programmes on management, among others.