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IIM A: Setting Standards
A luminous faculty and an alumni of industry stalwarts, keeps IIMA in a league of its own, as the most coveted B-school in India
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In 2017 salary packages in India shot up by 10 per cent. The highest remuneration package granted at a campus recruitment was at the Indian Institute of Management, Ahmedabad (IIMA), where a diploma-holder was offered a salary package of Rs 53 lakh. Undoubtedly, graduates from IIMA are the most sought-after across the world. Past recruiters and alumni reaffirm their preference for new talent from the IIMA campus year after year. Firms like J. P. Morgan, Nestle, Morgan Stanley, Wipro, Airtel, Novartis, Vodafone, KPMG, Amazon.com, the Aditya Birla Group, Microsoft, P&G, Accenture and Yes Bank offer IIMA graduates roles in finance, product management, operations, consulting etc.
The IIMA enjoys a coveted position as the first public autonomous institute of management education. It is the first business school in the country to be awarded the Equis (European Quality Improvement System), an accreditation awarded by the EFMD (European Foundation for Management Development). This accreditation certifies that the institute’s quality is on a par with the best B-schools in the world, which is somewhat vindicated by the fact that the IIMA has churned out the maximum number of CEOs, apart from many promising business leaders.
Established in 1961, the IIM-A offers diplomas for its two-year PG programme (PGP) in Management, two-year PGP in Agri-business Management, a Fellow Programme in Management and a one-year PGP in Management for executives. Its residential, two-year Postgraduate Diploma Programme in Management and Agri-business Management has moulded many top professionals. Some luminaries in industry and academia in the IIMA alumni are former RBI Governor Raghuram Rajan, economist and former Chief Economic Advisor to the Government of India Arvind Subramanian, dancer and activist Mallika Sarabhai and cricket commentator Harsha Bhogle.
Clearly, effort has been made to design a curriculum to groom leaders of tomorrow capable of spearheading businesses. The institute continues to amalgamate classroom experience with digital technology to evolve blended learning. It has tied up with NIIT and Hughes to deliver five e-enabled programmes in the form of a synchronous studio-to-classroom programme. Having collaborated with its partners, the institute now offers online executive programmes through highly interactive and ‘live’ sessions. The focus here is to provide knowledge and learning support to business leaders and management talent in real time with the help of technology.
Students are groomed in research and the best practices from around the world. Consequently, much like the institution, its diploma-holders tend to lead the pack, equipped as they are with conceptual and interpersonal skills and a sense of social purpose for decision-making at the managerial level. The high profile course entails gruelling hours, high-impact methodology and intense, life-changing interactions with esteemed faculty and professionals. The programme has benefited numerous leaders representing many industries and business communities across 13 cities.
The IIM-A encourages entrepreneurship, by allowing students to opt out of the placement process to pursue their own ventures. The opportunity is treated as a “break”. Students have the option to participate in campus placements over the ensuing two years, should their entrepreneurial venture not make progress.
Having been a pioneer in introducing the case study method, IIMA has always set standards for B-schools in the country and produced the largest number of CEOs. It is popularly assumed that the IIM-A is a class apart from other B-schools because of its prestigious faculty, which is a feat in times when other B-schools face an acute shortage of quality faculty. The institute offers a world view that is comprehensive and current and grooms its students to tackle challenges.