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Indian Institutes of Management

History in short

 
 

The Indian Institutes of Management (IIMs) are India's premier management institutes that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. They were created by the Indian Government with the aim of identifying the brightest intellectual talent 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 areas. 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.

 

Introduction

The seven fully established IIMs are located in
  • IIM Ahmedabad
  • IIM Bangalore
  • IIM Calcutta
  • IIM Indore
  • IIM Lucknow
  • IIM Kozhikode
  • IIM Shillong
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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 seven campuses, and is usually considered one of the most competitive exams in the world, with a supposed success rate of about one in two hundred. Each institute conducts group discussions and personal interviews to evaluate the students shortlisted after the test.
Some claim that since around 300,000 students compete for less than 1350 general seats (out of 1700 total seats) in the IIMs (2008 figures), IIMs are even more selective than all the top US business schools put together. The remaining 23% of seats are reserved for candidates belonging to Scheduled Castes and Tribes and PWD. The average percentile of students admitted through these reserved categories is lesser than the percentile scores of the General class students, which generally hovers around 99 percentile.

 
   
 
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Seven new IIM's

The 11th five year plan of India proposed 7 new IIMs by the end of 2012. Of these, the government has announced plans to establish 6. These IIMs will come up in the states of

  • Jammu and Kashmir
  • Jharkhand
  • Chhattisgarh (Raipur)
  • Uttarakhand
  • Haryana
  • Tamil Nadu
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Alumni

In year 2005 leading alumni of various IIMs founded alumni organizations in various parts of the world. One of the stated objectives of these alumni associations is to form a dynamic community of leaders and thinkers who make a difference across the world.
In year 2007 various alumni chapters of IIMs globally decided to form a Global IIM Alumni Society. This society will network existing alumni chapters and provide a common platform to link all. It will also organize global management events, publish books, contribute back to the parent institutions, network alumni via a shared intranet and extranet etc" .
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