89-500: IIMS may stand for: Indian Institutes of Management (IIMs) Indian Institute of Management Sambalpur (IIM-S) Indian Institute of Management Shillong (IIM-S) Indian Institute of Management Sirmaur (IIM-S) Indonesia International Motor Show See also [ edit ] Buzzard IIMS, a variant of the Rolls-Royce Buzzard engine Topics referred to by
178-456: A JD , etc.) to let students cut costs (dual programs usually cost less than pursuing two degrees separately), save time on education and to tailor the business education courses to their needs. This is generally achieved by allowing core courses of one program to count as electives in the other. Some business schools offer programs in which students can earn both a bachelor's degree in business administration and an MBA in five years. Mini-MBA
267-414: A discussion of the literature , providing a critical review and structuring of what is known on a given topic, to address a specific problem; a case study that goes beyond simple description, containing the analysis of hitherto unpublished material; a test of the application or limitations of some known principle or technique in a particular situation, and/or suggested modifications. As an alternative to
356-922: A combination of GMAT score, essays, and personal interviews as entry criteria, similar to other globally reputed MBA programs. The median GMAT score of the batches at IIM Ahmedabad, Bangalore, Calcutta, Indore and IIM Udaipur is usually above 700 and compares with the best in the world. Other than these general variants, many IIMs offer specialty programmes built which focus on different areas, e.g. Post Graduate Programme in Sustainable Management (PGP-SM) at IIM Lucknow, Post Graduate Programme in Human Resource Management (PGPHRM) at IIM Ranchi and many more. Five IIMs, IIM Indore and IIM Rohtak, IIM Jammu, IIM Bodh Gaya and IIM Ranchi also offer five-year integrated programs. Students join this program after high school (class XII). The program
445-460: A complete traditional MBA degree. This is to allow students to verify business-related coursework for employment purposes and still allow the option to complete a full-time MBA degree program at a later period if they elect to do so. Many programs base their admission decisions on a combination of undergraduate grade point average , academic transcripts, entrance exam scores (for example, the GMAT or
534-691: A critical admissions component for many MBA programs. Many top-tier programs require five or more years of work experience for admission. MBA admissions consulting services have been increasingly used by prospective MBA applicants to improve their chances of admission. They are most common in the U.S., with as many as one-quarter of applicants using these services in 2016, though they have been gaining popularity elsewhere, including India and Canada. Consultants can provide basic coaching including help with program selection, mock interviews, and essay proofreading, though some will provide other services like writing essays from scratch. The use of consulting services
623-525: A different experience, many Asian programs offer scholarships and discounted tuition to encourage an international environment in the classroom. Rankings have been published for Asia Pacific schools by Asia Inc. , which is a regional business magazine with distribution worldwide. The importance of MBA education in China has risen, too. There are now more than 50 business schools in Bangladesh offering
712-459: A doctoral programme. The fellowship is considered to be equivalent to a DBA globally. Most IIMs also offer short-term Executive MBA courses and part-time programmes. Some IIMs also offer unique programs, like IIM Bodh Gaya , IIM Rohtak , IIM Ranchi and IIM Indore 's Five Year Integrated Programme in Management and IIM Lucknow 's Working Managers' Programme of two years. IIM Rohtak is
801-701: A few standalone business schools allied with foreign business schools exist in Nigeria. In South Africa , South Africa's Council on Higher Education (CHE) completed an extensive re-accreditation of MBA degrees offered in the country in 2004. In Ghana , business schools of the traditional universities run a variety of MBA programs. Foreign accredited institutions offer MBA degrees by distance learning in Ghana. MBA programs in Kenya are offered in many public and private universities. Students choose to specialize in one of
890-677: A higher course load with more intense class and examination schedules and are usually condensed into one year. They usually have less downtime during the program and between semesters. For example, there is no three to four-month summer break, and between semesters there might be seven to ten days off rather than three to five weeks vacation. Accelerated programs typically have a lower cost than full-time two-year programs. Part-time MBA programs normally hold classes on weekday evenings after normal working hours, or on weekends. Part-time programs normally last three years or more. The students in these programs typically consist of working professionals, who take
979-620: A light course load for a longer period of time until the graduation requirements are met. Evening (second shift) MBA programs are full-time programs that normally hold classes on weekday evenings, after normal working hours, or on weekends for a duration of two years. The students in these programs typically consist of working professionals, who can not leave their work to pursue a full-time regular shift MBA. Most second shift programs are offered at universities in India. Modular MBA programs are similar to part-time programs, although typically employing
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#17327877248121068-440: A lock-step curriculum with classes packaged together in blocks lasting from one to three weeks. Executive (part-time) MBA (EMBA) programs developed to meet the educational needs of managers and executives, allowing students to earn an MBA (or another business-related graduate degree) in two years or less while working full-time. Participants come from every type and size of organization – profit, nonprofit, government – representing
1157-437: A normal 2-year MBA program. The flagship 1-year MBA programs offered by IIMs at Bangalore, Ahmedabad and Calcutta are often termed as Global MBAs internationally and have been ranked within the top 50 Global MBA programs across the world since their inception. Designed as a regular MBA program, which focuses on using the prior work experience of the students, the one-year Executive MBA is named differently by different IIMs. It
1246-421: 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, 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
1335-524: A part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of UCLA to help in setting up an All India Institute of Management Studies. Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management . Calcutta and Ahmedabad were chosen as the locations for
1424-506: A particular area but an MBA is normally intended to be a general program. It originated in the United States in the early 20th century when the country industrialized and companies sought scientific management . MBA programs in the United States typically require completing about forty to sixty semester credit hours , much higher than the thirty semester credit hours typically required for other US master's degrees that cover some of
1513-724: A presentation of a broad research idea or take a Research Aptitude Test (RAT) followed by a round of interviews while all are compelled to accept scores on standardised 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 involves an interview , before which some IIMs conduct other evaluation processes like written assessment tests and group discussions. The Common Admission Test (CAT)
1602-605: A programme, a reserved category student has to meet all the criteria for completing the programme as a general-category student. Regular counselling sessions, extra classes, and tutorials, by senior students, for needy students are a regular feature of the IIMs. IIMs provide financial support to needy and deserving students in the form of scholarships. In 2004, IIM fees were adjusted by the HRE to ₹ 30,000 (equivalent to ₹ 110,000 or US$ 1,300 in 2023) annually. However as of 2023
1691-423: A sequence of courses, beginning in the first part (formulation) and culminating in the second (execution), or as a single intensive course, offered during the second part. Some programs offer a specialization in "strategy", others in management consulting which substantially addresses the same issues. The MBA dissertation (or thesis in some universities) will, in general, comprise the following in some combination:
1780-519: A subject specialty or concentration. Thus, in the program's first year (or part), students acquire both a working knowledge of management functions and the analytical skills required for these, while in the second year (part), students pursue elective courses, which may count towards a specialization. (Topics in business ethics may be included at the generalist or specialist level.) After the first year, many full-time students seek internships . The degree culminates with coursework in business strategy ,
1869-528: A survey by the Graduate Management Admissions Council, 64% of year 2012 MBA graduates used their MBA to change careers. Some of the more common jobs an MBA prepares one for include: Financial Times , in its Executive Education Rankings for 2012, included five African business schools. In Nigeria , business schools administered as colleges within the traditional universities offer a variety of MBA programs. In addition,
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#17327877248121958-403: A three to four-month summer break in between years one and two. Students enter with a reasonable amount of prior real-world work experience and take classes during weekdays like other university students. A typical full-time, accelerated, part-time, or modular MBA requires 60 credits (600 class hours) of graduate work. Accelerated MBA programs are a variation of the two-year programs. They involve
2047-584: A two-year full-time Post Graduate Program in Management (PGP), equivalent to a Master of Business Administration (MBA) degree. The program is considered the flagship program of IIMs, and awards the Master of Business Administration (MBA) to successful candidates. Since 2018, all the IIMs have started granting MBA degrees for this flagship program. This program is usually structured into six trimesters spread across two years, starting in June and running until April of
2136-578: 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
2225-492: A variety of industries. EMBA students typically have a higher level of work experience, often 10 years or more, compared to other MBA students. In response to the increasing number of EMBA programs offered, The Executive MBA Council was formed in 1981 to advance executive education. Full-time executive MBA programs are a new category of full-time one year MBA programs aimed at professionals with approximately five years or more. They are primarily offered in countries like India where
2314-523: A whole may be substituted with additional elective coursework. Many MBA programs culminate in a comprehensive exit examination . The national standardized exam known as the Major Field Test for MBAs (MFT-MBA) has been administered in the MBA programs of over 300 U.S. universities. The MFT-MBA aims to assess skills, knowledge, and reasoning ability within the domain of standard MBA curriculum. It
2403-530: Is a critical factor in the selections. IIMs also follow a quota system, as per the provisions of the Indian constitution . As per the provisions, 15% of the seats are reserved for students of Scheduled Castes , and 7.5% for Scheduled Tribes . Since 2008, the Other Backward Classes have also been given 27% reservation and Economically Weaker Sections (EWS) have up to 10% reservation, after
2492-531: Is a degree program similar to an MBA program that is specifically structured for and targeted towards corporate executives and senior managers who are already in the workforce. In 1900, the Tuck School of Business was founded at Dartmouth College offering the first advanced degree in business: the Master of Science in Commerce, a predecessor of the MBA. The first MBA was launched eight years later, at
2581-409: 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 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
2670-446: Is a term used by many non-profit and for-profit institutions to describe a training regimen focused on the fundamentals of business. In the past, Mini-MBA programs have typically been offered as non-credit bearing courses that require less than 100 hours of total learning. However, due to the criticisms of these certificates, many schools have now shifted their programs to offer courses for full credit so that they may be applied towards
2759-613: Is administered by Educational Testing Service . Another prominent option for comprehensive exit exams is the Common Professional Component Comprehensive Exam for MBAs (CPC COMP Exam for MBAs) owned by Peregrine Academic Services. Many programs choose to administer their own in-house exam rather than a standardized test. Honor societies recognize individuals for high achievement in MBA programs. These honor societies include: An MBA prepares individuals for many types of careers. According to
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2848-574: Is called IPM (Integrated Programme in Management) at both the institutes. The course structures are similar though not same at both the institutes. For three years, students focus on "statistics, economics and humanities", joining the post-graduate cohort in years 4 and 5. IIM Indore established its program in 2011 and IIM Rohtak in 2019. They were followed by IIM Ranchi, IIM Jammu and IIM Bodhgaya in 2021. IIM Indore awards program graduates both BA (Foundations of Management) and MBA . IIM Rohtak awards
2937-424: Is called 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 an Executive Post Graduate Program (EPGP) at IIM Bangalore and IIM Indore, and International Program in Management for Executives (IPMX) at IIM Lucknow. All these programs admit only candidates with 5 or more years of professional experience and usually use
3026-432: Is different from Wikidata All article disambiguation pages All disambiguation pages Indian Institutes of Management The Indian Institutes of Management ( IIMs ) are Centrally Funded Business Schools for management offering undergraduate , postgraduate , doctoral and executive programmes along with some additional courses in the field of business administration . The establishment of IIMs
3115-509: Is frowned upon by many business schools' admissions committees, and applications can be hurt by looking like they were written with a consultant, such as by having a high level of writing compared to the candidate's speech or not appearing unique. Some also express concern that they give an unfair advantage to students who can afford the services' high costs. In general, MBA programs are structured around core courses - an essentially standard curriculum - and elective courses that may allow for
3204-457: Is increasingly included as a core functional course rather than an elective. Ethics training is often delivered with coursework in corporate social responsibility and corporate governance. Note that - generally - courses here, although technical in scope, are, ultimately, oriented toward corporate management. (For example, the principal finance course may cover the technicalities of financial instrument valuation and capital raising , but does so from
3293-895: Is registered as a doctoral scholar, is awarded the title of Fellow Member (e.g. Fellow Member of the Indian Institutes of Management ). This Fellow Programme is equivalent to the DBA 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. Many IIMs offer Executive MBA programme 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 equivalent to an Executive MBA offered by
3382-425: Is similarly included. Company visits (including overseas travel), and guest lectures or seminars with CEOs and management personalities may also be included. These, with the core subjects, provide the graduate with breadth, while the specialty courses provide depth. For the business strategy component, the degree capstone, the focus is on finding competitive advantage and the long-term positioning and management of
3471-399: Is the first and only IIM to offer a full-time Post Graduate Diploma in Human Resource Management (PGDHRM) programme. IIM Bangalore offers a two-year Mahatma Gandhi National Fellowship to "promote skill development in district economies". Different programmes of IIMs follow different admission processes. Admission for residents of India to the two-year PGP programmes at all IIMs is based on
3560-440: Is the most prominently used entrance exam for admissions into MBA programs. The Graduate Record Examination (GRE) is also accepted by almost all MBA programs in order to fulfill any entrance exam requirement they may have. Some schools do not weigh entrance exam scores as heavily as other criteria, and some programs do not require entrance exam scores for admission. In order to achieve a diverse class, business schools also consider
3649-499: The Indian Institute of Management Ahmedabad . Like MIT Sloan in the case of IIM Calcutta, Harvard Business School played an important role in the initial stages of IIM Ahmedabad. In 1972, a committee headed by Ravi J. Matthai took note of the success of the two established IIMs and recommended the setting up of two more IIMs. Based on the committee's recommendation, a new IIM, originally intended to cater exclusively to
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3738-798: The Armed Forces Programme (AFP) aimed at military personnel. IIM Ahmedabad and IIM Bangalore offer full-time programmes in public administration and public policy are called the Post Graduate Programme in Public Management and Policy (PGP-PMP) and Post Graduate Programme in Public Policy Management (PGPPM), respectively for civil servants of the Indian Administrative Service cadre. IIM Bangalore offers
3827-519: The BBA / MBA to five-year graduates and BBA to students who opt-out after three years. IIMs offer a Fellow Programme in Management (FPM) as a full-time DBA Programme . 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
3916-513: 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
4005-609: The Harvard Graduate School of Business Administration , with 15 faculty members, 33 regular students and 47 special students. Its first-year curriculum was based on Frederick Winslow Taylor ’s theory of scientific management. The number of MBA students at Harvard increased quickly, from 80 in 1908, over 300 in 1920, and 1,070 in 1930. At this time, only American universities offered MBAs, although business schools offering other qualifications had existed in Europe since
4094-626: The National Institutional Ranking Framework (NIRF) used by the HRD minister of India. The full time Master of Business Administration (MBA) programmes, are the flagship programs across all IIMs. The full time MBA degree is offered as a two-year Post Graduate Programme in Management (PGP) or the one-year global MBA (EPGP, PGPX, MBAEx, PGPEX-VLM, PGP-BL & IPMX). Seven leading IIMs IIM Ahmedabad, Bangalore, Calcutta, Indore, Shillong, Lucknow and Kozhikode offer
4183-629: The Rajya Sabha on 19 December 2017. After receiving presidential assent, the IIM bill became an Act on 31 December 2017. In the 2023 Union Budget grants to the IIMs were cut in half. Heads of IIMs and B-schools said this would effect the newer IIMs disproportionately. The IIMs mainly offer undergraduate/ postgraduate, postgraduate, doctoral, and executive education programs. Some programs offered by all IIMs are similar; however, some IIMs offer unique programs for specialized purposes. All IIMs offer
4272-504: The Supreme Court of India upheld the validity of relevant government regulation. The provisions are being implemented in a phased manner due to resource constraints. All aspirants have to take the Common Admission Test which consists of an objective-type exam, a group-discussion round, and personal interviews, with the cut-off for reserved-category candidates being possibly lower than for general-category candidates. Once admitted to
4361-600: The 18th century. Other milestones include: Globally, the three most important accreditations of MBA programs and business schools are the Association to Advance Collegiate Schools of Business ((AACSB), Association of MBAs (AMBA), and the EFMD Quality Improvement System (EQUIS), with holding all three of these being known as triple accreditation . Of these, AMBA offers programmatic accreditation for MBAs and other graduate degrees, while
4450-588: The Accreditation of Healthcare Management Education (CAHME). U.S. MBA programs may also be accredited at the institutional level. Bodies that accredit institutions as a whole include: Full-time MBA programs normally take place over two academic years (i.e. approximately 18 months of term time). For example, in the Northern Hemisphere, they often begin in late August or early September of year one and continue until May or June of year two, with
4539-461: The GRE test score), a résumé containing significant work experience, essays, letters of recommendation, group discussions, and personal interviews. Some schools are also interested in extracurricular activities, community service activities, or volunteer work and how the student can improve the school's diversity and contribute to the student body as a whole. The Graduate Management Admission Test (GMAT)
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#17327877248124628-400: The IIM governing body from the IIM council to an IIM coordination forum. IIMs were granted much leeway to decide their courses, fees and other related matters. Top IIMs — such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore and IIM Lucknow — have featured in top 100 global b-schools by FT MBA Ranking, as well as achieved top 10 rankings among management schools in India, according to
4717-438: The IIMs . Only the diploma-level programmes are considered 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. Some IIMs offer specialised programmes targeted at various management segments. IIM Ahmedabad offers a six-month, full-time programme called
4806-615: The MBA, predominantly targeting graduates without any work experience. Most MBAs are two years full-time. Sensibly there is little use of GMAT. The Business Schools conduct their own admission tests instead although the rationale for this instead of providing introductory courses and certifications is unclear. Classes are taught in English. In 1990, the Academic Degrees Office of the State Council formally approved
4895-606: The course then covers the core management functions, and, in turn, allows students to select from further advanced topics as appropriate. Some programs treat the curricula here in two parts: the first course provides an overview, while the second revisits the subject in-depth (perhaps as specializations); alternatively, the first addresses short-term, tactical problems, while the second addresses long-term, strategic problems (e.g., "Financial Management I" might cover working capital management , while part II covers capital investment decisions ). An Information systems / technology course
4984-405: The decision maker. Similar to real world business situations, cases include both constraints and incomplete information. Practical learning (field immersion) often comprises consulting projects with real clients, and is generally undertaken in teams (or "syndicates"). The practical elements (as well as the case studies) often involve external practitioners —sometimes business executives—supporting
5073-413: The dissertation, some programs instead allow for a major project . Here (part-time) students will address a problem current in their organization; particularly in programs with an action learning orientation, these may be practically oriented. Most MBA programs require additional course work in research methodology, preceding the dissertation or project. Some programs allow that the research component as
5162-667: The educational institutions are not expected to indulge in profiteering or commercialise this noble activity. ” The Supreme Court also mentioned that “ ...that the occupation of education cannot be treated at par with other economic activities. ”. Master of Business Administration A Master of Business Administration ( MBA also Master in Business Administration ) is a professional postgraduate degree focused on business administration . The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in
5251-434: The entity as a whole. Here, the key functional areas are thus synthesized to an overall view; the strategy course depicts how the various sub-disciplines integrate to tell one continuous story, with each discipline complementing the others. Corresponding training in business leadership may also be scheduled and participation in a business simulation or game is also a common degree requirement. "Strategy" may be offered as
5340-406: The establishment of MBA degrees and piloted MBA education. In 1991, the Academic Degrees Office of the State Council approved 9 domestic colleges and universities to carry out MBA education pilot work. Since then, mainland China has successively approved more institutions for MBA education training unit. At present, a total of 229 colleges and universities have opened MBA programs in the system, with
5429-728: The following areas: accounting, finance, entrepreneurship, insurance, and human resources. The course takes four semesters of about four months each. International MBA programs are acquiring brand value in Asia. For example, while a foreign MBA is still preferred in the Philippines , many students are now studying at one of many "Global MBA" English language programs being offered. English-only MBA programs are also offered in Hong Kong , Indonesia , Malaysia , Singapore , South Korea , Taiwan , and Thailand . For international students who want
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#17327877248125518-479: 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 CAT 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
5607-748: The interpretation (and preparation) of financial statements while management accounting deals mainly in the analysis of internal results. The economics course covers managerial economics , a technical course that mainly focuses on product pricing as influenced by microeconomic theory, and aggregate-or macroeconomics , which deals with topics like the banking system, the money supply, and inflation. Operations Research and statistics are sometimes combined as "Managerial Decision-Making" or " Quantitative Decision-Making "; organizational behavior and human resource management may similarly be combined. In many programs, applicants with appropriate background may be exempt from various analytical courses. With these as underpin,
5696-483: The needs of public sector enterprises, was established in Bangalore ( IIM Bangalore ) the next year. In 1981, the first IIM Review Committee was convened to examine the progress of the three existing IIMs and to make recommendations. The committee noted that the three IIMs were producing around 400 PGP graduates every year and that they had reached their optimum capacity. It proposed the opening of two more IIMs to meet
5785-482: The older six IIMs (Ahmedabad, Bengaluru, Kolkatta, Lucknow, Indore, Kozhikode): As IIMs are considered as not-for-profit institutions, IIMs do not pay any 'corporate tax' to the Income Tax Department , Government of India. In 2023, the corporate tax in India was approximately 25% in the 2020s. In 2023, the fee charged by the older six IIMs (ABCLIK) were in the range of approximately 21 - 26 lakhs for
5874-489: The one year MBA as a full-time programme that follows the global MBA norms. Some IIMs also offer a two-year part time (executive) MBA for graduates with more work experience. IIMs only offered diplomas at the end of the full time programmes However, since the passage of IIM Act 2017, all IIMs have started offering Master of Business Administration (MBA) . Some IIMs offer the Fellow Programme in Management (FPM),
5963-609: The only IIM which offers a Five Year Integrated Program in Law (BBA+LLB). After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as
6052-411: The others take a broader view, offering accreditation of the school rather than the MBA program (EFMD also offers programmatic accreditation, separately from EQUIS). Business school or MBA program accreditation by external agencies provides students and employers with an independent view of the school or program's quality, as well as whether the curriculum meets specific quality standards. Currently
6141-514: The perspective of managerial finance , as opposed to investment banking .) Technically-oriented courses, if offered, will be via a specialization. Programs may also include coursework-based training in the skills needed at senior levels of management: soft skills , such as (general) leadership and negotiation; hard skills, such as spreadsheets and project management; thinking skills such as innovation and creativity. Training in areas such as multiculturalism and corporate social responsibility
6230-437: The program capstone . A dissertation or major project is usually a degree requirement after the completion of coursework. Many MBA programs end with a comprehensive exit examination; see below. For Executive MBA programs, the core curriculum is generally similar, but may seek to leverage the strengths associated with the more seasoned and professional profile of the student body, emphasizing leadership, and drawing more from
6319-465: The rising demand for management professionals. It also recommended expanding the Fellowship programmes, similar to PhD programmes, to meet the growing demand for faculty in management schools in India. The fourth IIM, IIM Lucknow , was established in 1984 based on the committee's recommendation. Two more IIMs, the fifth and sixth, were established at Kozhikode and Indore in 1996. IIM Shillong
6408-622: The same material. The UK-based Association of MBAs accreditation requires "the equivalent of at least 1,800 hours of learning effort", equivalent to 45 US semester credit hours or 90 European ECTS credits , the same as a standard UK master's degree. Accreditation bodies for business schools and MBA programs ensure consistency and quality of education. Business schools in many countries offer programs tailored to full-time, part-time, executive (abridged coursework typically occurring on nights or weekends) and distance learning students, many with specialized concentrations. An "Executive MBA", or EMBA,
6497-405: The same term [REDACTED] This disambiguation page lists articles associated with the title IIMS . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=IIMS&oldid=1199197799 " Category : Disambiguation pages Hidden categories: Short description
6586-520: 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 program with no specialization, and typically includes courses in: The 2-year MBA programs offered by IIMs at: are often termed as Master's in Management (MIM) internationally and are often placed around top 100 Master's in Management programs across
6675-402: The specific experience of the individual students. Programs are designed such that students gain exposure to theory and practice alike. Courses include lectures, case studies, and team projects; the mix though, will differ by school and by format . Theory is covered in the classroom setting by academic faculty , and is reinforced through the case method , placing the student in the role of
6764-516: The system of full-time MBA. The one-year 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. The 1-year programs are general, fully integrated management programs with no specialization, and typically include the same courses as offered in a typical 2-year MBA program. These intensive programs typically require 75 credits or around 750 hours of classroom teaching along with projects and other coursework as in
6853-496: The target male-female ratio and local-international student ratios. In rare cases, some MBA degrees do not require students to have an undergraduate degree and will accept significant management experience in lieu of an undergraduate degree. In the UK, for example, a Higher National Diploma (HND) or even Higher National Certificate (HNC) is acceptable in some programs. Depending on the program, type and duration of work experience can be
6942-543: The teaching from academic faculty. (See Business school § Case studies and § Other approaches ; and, generally, Business education § Postgraduate education .) As outlined, courses begin with underlying topics and then progress to more advanced functional topics where these are applied; see aside. The analytic skills required for management are usually covered initially. The accounting course(s) may treat financial and management accounting separately or in one hybrid course. Financial accounting deals mainly in
7031-563: The three major accrediting bodies in the United States are: All of these groups also accredit schools outside the U.S. The ACBSP and the IACBE are themselves recognized in the United States by the Council for Higher Education Accreditation (CHEA). MBA programs with specializations for students pursuing careers in healthcare management also eligible for accreditation by the Commission on
7120-447: The top IIMs to within the top 50 global MBA list. Since 2006, IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, IIM Shillong and IIM Udaipur have started offering the one-year, full-time postgraduate programs for professionals having approximately 5 years or more of work experience, which are a unique addition to the bucket of flagship programs which adds experienced professionals who add valued experience to
7209-425: The total fees for the 2-year program, ranged from ₹ 20 lakh (US$ 24,000) to ₹ 30 lakh (US$ 36,000) Inflation in India has been cited as one of the reasons for the fee hikes at IIMs. The fees of the college is influenced by the age and performance of the institute. For example IIM C, the oldest IIM in the country had a total course fees of ₹ 27 lakh (US$ 32,000) for the academic year 2022-24. While IIM Jammu,
7298-536: The two new institutes. The institute at Calcutta was established first, on 13 November 1961, and was named Indian Institute of Management Calcutta or IIM Calcutta . It was set up in collaboration with the MIT Sloan School of Management , the government of West Bengal , the Ford Foundation , and Indian industry. The institute at Ahmedabad was established in the following month and was named
7387-558: The two year full-time PG programme/ MBA. The fee charged by these IIMs were 22-26 times India's annual per capita income (Rs. 96,522 in 2022-23, at constant prices). Globally, this places IIMs amongst any of the institutions that charge the highest fee from its citizens, with reference to the annual per capita income of the nation. In 2016, a constitution bench of the Supreme Court of India mentioned that “ Education is... ...a noble ‘occupation’... those who establish and are managing
7476-846: The two-year MBA program is targeted at fresh graduates with no experience or minimal experience. These full-time executive MBA programs are similar to one year MBA programs offered by schools like Insead and IMD . Distance learning MBA programs hold classes off-campus. These programs can be offered in a number of different formats: correspondence courses by postal mail or email, non-interactive broadcast video , pre-recorded video, live teleconference or videoconference , offline or online computer courses. Many schools offer these programs. Blended learning programs combine distance learning with face-to-face instruction. These programs typically target working professionals who are unable to attend traditional part-time programs. MBA dual degree programs combine an MBA with others (such as an MS, MA, MEng , or
7565-470: The world since inception. To compete on the global stage, the premier IIMs found the necessity to start MBA programs that would be ranked globally at par with the MBA programs of Harvard (Harvard Business School of Harvard University) and Wharton (The Wharton School of Business of the University of Pennsylvania). Within a decade of their inception, the one-year MBA programs have catapulted the position of
7654-555: The youngest IIM had a total course fees of ₹ 17.15 lakh (US$ 21,000). The IIMs also have several executive programs for working executives and professionals. The full-time executive program at IIM Udaipur launched in 2019 had a fees of ₹ 15.8 lakh (US$ 19,000) while the data analytics program was ₹ 21 lakh (US$ 25,000). The same year IIM Lucknow's 6-month data analytics program costs ₹ 2.49 lakh (US$ 3,000) while its analytics program for finance professionals costed ₹ 1.43 lakh (US$ 1,700). The following data pertains to
7743-523: Was converted into an IIM, making for a total of 21 IIMs. The Union Cabinet, on 24 January 2017, approved the bill that became the Indian Institutes of Management Act, 2017 , which declares IIMs as Institutes of National Importance and enables them to grant degrees and to further make other important changes to the institute. The IIM bill was passed by the Lok Sabha on 28 July 2017 and by
7832-477: Was initiated by Jawaharlal Nehru , the first prime minister of India , based on the recommendation of the Planning Commission of India. IIMs were declared institutions of national importance by the Ministry of Human Resource Development (MHRD) after the passage of Indian Institutes of Management Act, 2017 . By this act, IIMs were given more autonomy in handling their day-to-day operations. The act changed
7921-471: Was the seventh IIM to be established, following a 2005 decision by the Government of India; its foundation stone was laid on 1 December 2007; and its first academic session was 2008–09. Since 2007, fourteen new IIMs have been set up, bringing the total number of IIMs to 20, IIM-Jammu being the latest one, starting in 2016. In 2023, prestigious National Institute of Industrial Engineering (NITIE), Mumbai,
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