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          Indian Institutes of Management

 

The Indian Institutes of Management (IIMs) are India's premier business schools that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. They are located at Bangalore,Ahmedabad,Kolkatta, Lucknow, Indore and Khozikode (Calicut). 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.

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All the IIMs are completely autonomous institutes owned and financed by the Central Government of India. They were Created by Indian Government with the aim of identifing the brightest inteletual tallent available in the student community of India and training it in the best Management Techniques available in the world, to ultimately create a pool of elite world class managers to manage and lead the various sections of the Indian economy. IIMs play a leadership role in the nation’s managerial manpower development and carry out research in emerging area. 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.

 

The IIMs are considered the Top businesse schools. These six IIMs along with the Indian Institute of Technology (Engineering and Technology), the School of Planning and Architecture (urban and regional planning, architecture and industrial design), the Indian Institute of Science (Science), the Indian Statistical Institute, the National law School of India University (Law) and the All India Institute Of Medical Sciences (Medicine) form the elite club of the best centers for higher education in India and are comparable to the best in the world . Though initially constrained due to the closed nature of the Indian economy prior to the reforms era, with the opening up of the Indian economy in the 1990s and with thousands of alumni placed in important positions in the top companies and locations all over the world, the IIM alumni network is now rapidly enhancing the influence and reputation of the Indian Institutes of Management on the global business scene like the IITians have done in the field of technology.