The Indian Institutes of Management (IIMs) are a chain of 20 public and autonomous institutes of management education and research in India. Basically, they offer postgraduate, doctoral and executive education programmes. Their establishment was initiated by India's first Prime Minister, Pandit Jawaharlal Nehru, based on the Planning Commission's recommendation.
History of the institution
The decade after Indian Independence in 1947 saw several innovative ideas popping up to build an independent nation into a world class democracy with an eye to growth with equity. One such innovative idea was the setting up of a chain of educational institutions, the second being the Indian Institute of Management, Ahmedabad (IIMA) after the one at Kolkata.
At the helm was renowned space scientist Dr. Vikram Sarabhai and eminent industrialist and philanthropist Shri Kasturbhai Lalbhai. They were actively supported by the then Chief Minister of Gujarat, Dr. Jivraj Mehta. These three individuals got together to set up IIMA in 1961. This group got five players to contribute to the setting up of this institute: the Central government, the State government, local industrialists, Harvard Business School and Ford Foundation.
This particular institution was established in a way that it would be managed by the IIMA Society, established under the Societies Act. The Institute was to be operated by a Board of Governors, set up by the Society and the Board would be fully represented from all relevant constituencies to reflect the diverse needs of a growing nation. It was therefore an institution managed by a Board and free from the exclusive control of any particular constituency. This proves that its management freedom is an Thus, operational freedom is an essential part of IIMA's matrix.
Since its inception, it has been consistently ranked as India's No. 1 management school by respected national agencies. Besides, its programs too are highly ranked internationally. In 2008, IIMA was India's first management school to be awarded EQUIS (European Quality Improvement System) accreditation by the EFMD (European Foundation for Management Development).
List of full-time MBA programs offered
IIMA offers one full-time MBA program:
- Post-Graduate Programme in Management (PGP)
The two-year Post-Graduate Programme in Management (PGP) is a full-time course. It is the institute's flagship course and is rated as the world's toughest MBA programme to secure admission into. In 2014, this program was ranked world No. 16 by the Financial Times Masters in Management category.
Its chief objective is to develop young men and women into adept professional managers who can work in any organized sector and achieving excellence in performance, while contributing largely to society.
The selection process for this program is tough and is designed so that only the best succeed. Every year, less than 0.1% applicants are taken. The admission process begins with administering the Common Admission Test (CAT), followed by rounds of personal interviews. Students are chosen depending on their performance in the CAT exam, past academic performance and performance in the interviews.
Those selected have usually excelled in disciplines such as Arts, Science and Commerce and professional streams such as Medicine, Engineering and Technology. Many students come with proven excellence in extra-curricular and organizational activities. They have high energy and initiative levels, are hard workers, have an orientation for strong tasks, are adept at learning and do well in teams. The PGP classes are usually a mix of fresh graduates and those with some work experience.
PGP students of the 2018-2020 batch will pay a tuition fees of Rs. 21 lakhs, adjusted for inflation. Other expenses such as a laptop, personal expenses for boarding, travel, clothes and laundry will be extra.
Eligibility for application
Students of the general category must be graduates with a minimum of 50% marks or equivalent CGPA. Students belonging to Scheduled Caste (SC), Scheduled Tribe (ST), Differently Abled (DA) or Persons with Disabilities (PwD) categories, should obtain a minimum of 45%.
Students appearing for the final year bachelor's degree exam or equivalent qualification examination and who have completed all the necessary degree requirements and are awaiting results are also eligible. Such candidates must obtain a certificate from the principal/head of the department/registrar/director of the institution/university to certify that the candidate is in the final year and is awaiting his results of the final year exam and that he has obtained the necessary minimum of 50% marks or equivalent CGPA. If the candidate belongs to the SC/ST/PwD category, he should declare that he has the minimum 45% marks.
This involves two stages for the candidate to go through before being selected for the program. They are:
- The candidate must appear for the CAT (or GMAT) Exam conducted by the IIMs. If he clears the necessary cut-off score and his Composite Score (CS) comprises but is not limited to his 10th, 12th and graduation marks, he may be called for the Academic Writing Test (AWT) and Personal Interview (PI).
- The final selection is done on the basis of a student's Final Composite Score (FCS), which takes his PI, AWT and CS scores into account.
The fees for the PGP program is Rs. 22 lakhs for two years. Expenses towards laptop computer and personal expenses towards boarding, travel, clothes and laundry are extra.
Classroom facilities: The classrooms here are fully air-conditioned and equipped with an overhead projector.
Hostel facilities: IIMA has 25 student dormitories for a total of 740 occupants. There are also separate housing facilities for married students. The dorms have 10 single rooms on each floor centred around a staircase and a tearoom. Vegetarian and non-vegetarian meals are served. They also have a T.V., washing machine and refrigerator.
There are separate boys and girls hostels, with single rooms and shared rooms for each. The hostel facilities are good, with the newer hostels better than the old ones. The rooms are fully furnished along with a phone connection.
Sports facilities: IIMA has a sports complex where students can play badminton, basketball, cricket, football, squash, tennis, volleyball and table tennis at their individual courts and grounds. A fully-equipped and air-conditioned gym is also highly used here.
Library facilities: The IIM Ahmedabad Vikram Sarabhai Library has a collection of over 1,94,704 books, 19,815 online and 146 print journals, 46,024 bound volumes, 2624 working papers, 349 theses and 2187 student's project reports. It offers relevant, global and up to date information in print and non-print formats to the academic fraternity.
It has an impressive digital collection comprising 71 databases, which students and faculty can access from their networked computers on-campus for scholarly, industry and company information. In its stack area, this library has room for open carrels for individual study. This library also has specialized tools like EBSCO Discovery. For students and faculty, there is also the provision of RemoteXS.
Cafeteria: The IIMA has a variety of campus cafeterias such as TANSTAAFL CAFE, Food King and Coffee Express. Students can also seat at the mess facility here.
Computer Labs: Students can avail of the three laboratories here-- the Computer Lab, Clinical Lab and FPM Lab for their research.
Its other facilities include seminar rooms, conference rooms, syndicate rooms, research centres, international management development centre, convention centre, amphitheatre, dining hall, ATM and post office.
Medical facilities: The institute is fully equipped with a hospital and medical facilities.
Music room: For music enthusiasts, there is also a music room where students can let their hair down and compose their own tunes or sing to the available audience.
Fests: The flagship management symposium of IIMA is called the Red Brick Summit; Confluence is the institute's annual international management symposium; Chaos is the name of the annual cultural program here; Insight is the annual Market Research festival and ConneXions is the PGPX program's event.
Quality of faculty team
This institute is blessed with top-notch faculty that can easily compare with the best in the world. Members of the faculty do extensive research and work with the industry in their respective fields. This keeps them updated about the happenings and trends in their niche areas and by informing the students of the same, the latter get the benefit of their knowledge. Almost always, each class has 100% attendance.
Tie-ups with other foreign institutions
IMA has tied up with 78 prominent business schools internationally. Every year, the institute chooses about 1/4 the number of second year students to spend an academic semester at leading management schools across the world with whom IIMA HAS a tie-up. Similarly, students from the affiliated institutions spend a semester at IIMA. Today, its affiliated institutions are located in North America, Australia, Europe, Africa and Asia-Pacific.
Student Exchange Program
The Institute also has a Dual Degree programme arrangement with certain business schools such as HEC Paris, University of Cologne, ESSEC Business School in Paris, Bocconi University and ESCP Europe. Some students who go abroad on these exchange programs also receive scholarships from the Institute, DAAD Germany, the French Government and other participating schools.
Placement facility provided
The placement process at this institute is student-driven. Here, the entire batch gets a suitable placement. Students elect a Placement Committee that liaises between Administration, students and recruiters.
There are two phases of the placement process: Summer placements for the first year batch and Final placements for the graduating batch. The final placements are also done in two stages: The laterals process where companies interview students with prior work experience and offer them suitable mid-level managerial positions. Second is the final placement process where companies across all geographies and sectors hire candidates for a variety of roles.
The institute that began with the support of heavyweights and has been a legend over so many years, continues to provide the nation with brilliant and highly competent individuals who help steer many large corporations to success.
Yes, this is a fully residential programme. Accommodation will be available for both single and married students. Much course work and group assignments are involved in the programme due to which it is imperative that the students live on the campus and study and work together. The programme is quite rigorous and has more 700 contact hours and requires preparation time of more than 1500 hours.