The Indian Institutes of Management (IIMs) are business schools that also conducts research and provides consultancy services in the field of management to various sectors of the Indian economy. They are located at Bangalore, Ahmedabad, Kolkata, Lucknow, Indore and Kozhikode. They award post-graduate diplomas in management (equivalent to an MBA) with various specializations. The programs are of a duration of two years. Apart from the flagship programs, the IIMs also offer various shorter duration management training programs as well as part-time MBA programs for various organisations and individuals. The IIMs conduct Post-graduate Diploma Programmes in Management (equivalent of MBA), fellowship Programmes in Management (equivalent to PhD), Short-term Management Development and Organisation based programmes as well as carry out Research and Consultancy for the industry. These Institutes conduct research to cater to the needs of non-corporate and under-managed sectors, viz. Agriculture, Rural Development, Public Systems Management, Energy, Health Education, Habitat, etc.
All the IIMs are completely autonomous institutes owned and financed by the Central Government of India.
These Institutes are recognized as premier management institutions, comparable to the best in the World for teaching, research and interaction with industries. IIMs being Role Models have shared knowledge and skills with other institutions to improve their quality and standards in management education. IIMs have earned an international reputation for the quality of their alumni.
Admission Process:
- The CAT (Common Admission Test) conducted by the IIMs is a very competitive test conducted for admission to around 1250 graduate programs in management at the six campuses
- Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test.
- Around 195,000 students compete for less than 1200 general seats in the IIMs (As per 2006 figures) which makes it even more selective than all the top US business schools put together
- Depending on the rank of the individual IIM, with the rate progressively increasing roughly according to the following order IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode or IIM Indore
- The remaining 23% of seats are reserved for candidates belonging to Scheduled Castes and Tribes and PWD.