IIM ( The Indian Institutes Of Management)
The Indian Institutes of Management are a group of 19 public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programmes. The establishment of IIMs was initiated by Jawaharlal Nehru, the first Prime Minister of India, based on the recommendation of the Planning Commission.
IIMs are registered as societies under the Indian Societies Registration Act. Each IIM is autonomous and exercises independent control over its day-to-day operations. However, the administration of all IIMs and the overall strategy of IIMs is overseen by the IIM council. The IIM Council is headed by India's Minister of Human Resource Development and consists of the chairpersons and directors of all IIMs and senior officials from the Ministry of Human Resource Development of the Government of India.
The two-year Post Graduate Programme in Management (PGP), offering the Post Graduate Diploma in Management (PGDM), is the flagship programme across all IIMs. These post graduate diploma programmes are considered equivalent to regular MBA programmes. Some IIMs also offer a one-year Post Graduate diploma Programme for graduates with more work experience. Some IIMs offer the Fellow Programme in Management (FPM), a doctoral programme. The Fellowship is considered to be equivalent to PhD globally. Many IIMs also offer short-term executive education/EMBA courses and part-time programmes.
The constitution for governance of IIMA was different from that for traditional universities. It was set up as an institution that would be managed by a Society, the IIMA Society, created under the Societies Act, for the purpose. The Institute was to be run by the Board of Governors, constituted by the IIMA Society; the Board would have wide representation from all the relevant constituencies to reflect the multifarious needs of a developing nation. IIMA was therefore conceived as an Institute that would be a Board managed institution, free from exclusive control of any one constituency. Thus, operational freedom is an integral part of the DNA of IIMA.IIMA has consistently been ranked as the number one management school in the country year after year in the last several years. In its latest ranking, The Economist has ranked IIMA at 56 among the top 100 international B-schools in the world that offer full time MBA. The Financial Times (FT) has ranked the two-year post graduate programme in management (PGP) of IIMA in the top ten programmes in the category of Masters Programmes in Management that do not require work experience as pre-requisite for admission. FT reported that this was the first time that any Indian B-school was not only included in the survey but also achieved such high ranking. The Financial Times has also ranked the one-year post graduate programme in management for executives (PGPX) among the top MBA programmes globally. The two post graduate programme in management with specialization in agri-sector (PGP-ABM) is ranked at number one among comparable programmes globally by Eduniversal.
The Indian Institute of Management were established in response to the growing need that was felt for nurturing professional managers who could efficiently manage India’s growing industries. They were established with the objectives of providing high quality management education and assisting the industry through research and consulting services. IIM Ahmedabad was the second IIM to be set up in the country after IIM Calcutta. It was established on 11 December 1961 with the active support of the Government of India, the Government of Gujarat and the industry. Eminent physicist Dr. Vikrambhai Sarabhai and businessman KasturbhaiLalbhai, both natives of Ahmedabad, played a pivotal role in setting up the Institute. Later on he went on to serve as the Institute’s Honorary Director for the first 3 years of its existence. Prominent management educator Ravi J. Matthai and several other Ahmedabad-based industrialists also played a major role in its creation.
The building is a major icon of modernism architecture, designed by American architect Louis Kahn. The New Campus, an extension stemming from growing needs of the institute, and an underpass connecting the two campuses, has been designed by Bimal Patel.
Like other IIMs, IIM Ahmedabad currently offers diplomas in management, not degrees IIMs have not been set up as universities through an act of Parliament but as charitable societies. IIM lack regular peer-based academic review of their departments / areas, an oversight proposed to be corrected by legislation governing all 13 IIMs after the Minister of Human Resource Development rejected IIM Bangalore’s plans to award degrees. It offers the following full-academic programmes.
- In 2008, IIMA also became the first business school in the country to be awarded EQUIS (European Quality Improvement System) accreditation. This accreditation awarded by the EFMD (European Foundation for Management Development) certifies that the quality of IIMA’s academic processes and programmes are on par with the best business schools globally that have similar accreditation.
- IIM A is the only Indian Institute listed by The Economist in its 2012 Full time B-school ranking, at #56, rising 22 ranks from 2011 when the institute was ranked at #78. The financial Times Global B-School rankings also IIM Ahmedabad’s PGPX programme at No. 11, whereas its Global MBA rankings also ranked the institute at #11. In the QS Global 200 Business Schools Report it was ranked No. 2 in the Asia-Pacific region for 2012 In India, it was ranked first by the Hindustan Times India's top 50 business schools of 2011, by the 2012 edition of CNBC-TV18's Top B-Schools in India and by the Business Today 50 best business schools of 2012.