Indian Institutes of Management

"IIM", "Iim", and "IIMs" redirect here. For other uses, see IIM (disambiguation), Iim (biblical city), and IIMS (disambiguation).

Indian Institutes of Management
Other name
IIM or IIMs (plural)
TypePublic Business School
Established1961
Parent institution
Ministry of Education, Government of India
Budget₹212.21 crore (US$25 million)
(FY2024–25 est.)[1]
Location
21 cities in India
LanguageEnglish
class=notpageimage|
Location of the IIMs.

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 was initiated by Jawaharlal Nehru, the first prime minister of India, based on the recommendation of the Planning Commission of India.[2][3]

IIMs were declared institutions of national importance by the Ministry of Human Resource Development (MHRD)[4] 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 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.[5] 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,[6] as well as achieved top 10 rankings among management schools in India, according to the National Institutional Ranking Framework (NIRF) used by the HRD minister of India.[7]

The full time Master of Business Administration (MBA) programmes, are the flagship programs across all IIMs.[8][9][10] 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 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.[11][12]

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), a doctoral programme. The fellowship is considered to be equivalent to a DBA globally.[13] 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[14] and IIM Lucknow's Working Managers' Programme of two years.[15] IIM Rohtak is the only IIM which offers a Five Year Integrated Program in Law (BBA+LLB).[16]

  1. ^ "Notes on Demands for Grants, 2024-2025" (PDF).
  2. ^ RC Bhargava; Ajit Balakrishnan; Anusua Basu; Ram S. Tarneja; Ashok Thakur (25 September 2008). "Report of IIM Review Committee" (PDF). Ministry of Education, Government of India. Archived from the original (PDF) on 6 October 2010. Retrieved 17 February 2012.
  3. ^ "'Thanks but No Thanks' – IIM Ahmedabad's Pioneeri0.52ng Decision". www.liberalsindia.com. Archived from the original on 15 April 2012. Retrieved 11 December 2011.
  4. ^ "IIMs Will Be Institutes Of National Importance". NDTV.com. Retrieved 26 April 2024.
  5. ^ Vishnoi, Anubhuti (13 August 2018). "Autonomy on the way as IIM rules finalised". The Economic Times. Archived from the original on 2 January 2021. Retrieved 12 April 2019.
  6. ^ Ghosh, Sanchari (13 February 2023). "6 Indian B-schools find place in FT MBA global school ranking. Check full list". Mint. Retrieved 27 November 2023.
  7. ^ "Top MBA Colleges in India". Indian Live. Archived from the original on 3 July 2020. Retrieved 19 June 2020.
  8. ^ "IIM-C to retain first-year fees". The Economic Times. 7 April 2008. Archived from the original on 2 January 2021. Retrieved 17 February 2012.
  9. ^ "IIM-L to hike seats in PGP course". The Times of India. 9 January 2008. Archived from the original on 15 June 2013. Retrieved 17 February 2012.
  10. ^ "IIM-B to review PGP programme". The Times of India. 28 October 2010. Archived from the original on 15 June 2013. Retrieved 17 February 2012.
  11. ^ Shikhar Mohan (28 April 2011). "Don't mistake it for an Executive MBA". Business Standard. Archived from the original on 2 January 2021. Retrieved 17 February 2012.
  12. ^ Vinay Umarji (28 April 2011). "One-year MBA back with a bang at IIMs". Business Standard. Retrieved 17 February 2012.
  13. ^ "Management Education". National Informatics Centre. Archived from the original on 6 August 2011. Retrieved 17 February 2012.
  14. ^ "Five Year Integrated Programme in Management (IPM) - भारतीय प्रबंध संस्थान इंदौर - IIM Indore". भारतीय प्रबंध संस्थान इंदौर - IIM Indore. Archived from the original on 2 January 2021. Retrieved 13 August 2017.
  15. ^ "WMP : : IIML". www.iiml.ac.in. Archived from the original on 22 November 2016. Retrieved 13 August 2017.
  16. ^ "Indian Institute of Management Rohtak - Integrated Programme in Management". www.iimrohtak.ac.in. Retrieved 11 May 2023.