Indian Institute of Planning and Management
|Indian Institute of Planning and Management|
|Motto||Dare to think beyond|
|Type||Private business school|
|Dean||Arindam Chaudhuri (Honorary Dean)|
|Director||Malayendra Kisor Chaudhuri|
|Location||New Delhi, Delhi, India|
The Indian Institute of Planning and Management (IIPM) is a business school headquartered in New Delhi and has 18 branches across India. Founded in 1973, the institute offers undergraduate, postgraduate and doctoral programmes in national economic planning and entrepreneurship, and international and fellowship programmes. Its executive education programmes include non-credit courses and visits to foreign business schools.
In 2011, IIPM was ranked the fifth-best business school in India by Zee Business. In the same year it was ranked as the best business school from among 29 countries in Asia by Hindustan Times Education. IIPM has been involved in controversies about its advertising. The University Grants Commission – a government organisation responsible for the standards of university education in India – has repeatedly issued public notices stating that IIPM is unrecognised and that its technical programmes are invalid. IIPM has responded by stating that it does not issue degrees and that it is not a university.
- 1 History
- 2 Facilities and faculty
- 3 Academics
- 4 Research and publications
- 5 Relationship with accreditation organisations
- 6 Controversies
- 7 Ranking
- 8 Job placement
- 9 Gallery
- 10 References
- 11 External links
IIPM was founded in 1973 in New Delhi. According to the institute its first residential, full-time, post-graduate diploma programme began in 1974. IIPM has 18 branches across India; in New Delhi, Mumbai, Gurgaon, Noida, Bangalore, Chennai, Ahmedabad, Kolkata, Chandigarh, Hyderabad, Pune, Lucknow, Indore, Bhubaneshwar, Bhopal, Jaipur, Dehradun, and Cochin.
Facilities and faculty
IIPM has a three-acre campus in New Delhi. The main campus includes classrooms, teaching aids, libraries, electronic libraries, and IT equipment like Wi-Fi and laptops. Its leisure facilities include a gymnasium and swimming pool. The facilities at the branches vary but are usually less extensive. There are over 10,000 books in the New Delhi campus's libraries, with access to several other libraries through sharing agreements.
Arindam Chaudhuri is Honorary Dean of IIPM. The regular faculty of the institute comprises its own alumni and visiting professors. About 20% of the faculty have doctoral degrees. According to the Financial Times, IIPM has recruited many international professors to teach in India. The institute has built up its teaching faculty by recruiting its own alumni. Under the Global Outreach Programme, IIPM invites faculty members from business schools across the world to its campuses to teach its students.
IIPM is an academic partner of UGC-recognised Manonmaniam Sundaranar University, which issues degrees to IIPM students. According to the institute, it offers international programmes and programmes under its School of Business and Economy. These include full-time undergraduate programmes in planning and entrepreneurship lasting three years and postgraduate programmes in the same subject lasting two years. A one-year postgraduate course is available for working executives with at least two years of past work experience. The institute also offers PhD and Fellowship programmes for postgraduates. The institute does not award BBA or MBA degrees; it awards certificates for its students who can then apply for degrees from allied institutions. Since 2010, IIPM students can get MBA and BBA degrees from Manonmaniam Sundaranar University, with which students of IIPM's Indian School of Business and Economics have a distance-learning degree arrangement.
Under its programmes in planning and entrepreneurship, the institute offers certificate courses aimed at making students eligible for degree courses. The IIPM course lasts 22 months and includes 1,944 hours of teaching. The postgraduate programme has 1,920 contact hours. The institute tries to give its students a "hands on" approach to learning, assigning them to work on consulting projects in major firms. In the first year, core subjects include marketing, accounting, finance, economics and organizational behaviour. In the second year, marketing and IT courses are compulsory and students choose a major in human resource or finance. The institute also offers courses that take unconventional approaches to business management. There is a focus on developing executive communication.
All students of the institute attend a 21-day compulsory trip to Europe as part of its Global Opportunities and Threat Analysis (GOTA) programme. The programme arranges visits to multinational firms and political organisations. Since 2008, students have visited Africa and Australia under the GOTA programme.
Relationships with other educational institutions
In 2006, IIPM collaborated with Stanford University's Center for Professional Development to organise a strategy workshop in New Delhi. In 2008, professors from the National University of Singapore (NUS) conducted a seven-week course on investment banking at the institute for its top 100 students, leading to a joint certification in investment banking. In the same year, IIPM launched a global executive management programme with Chicago GSB and the Haas School of Business associated with it. As of 2009[update], NUS was conducting workshops on business-related topics in Singapore for IIPM students. Between 2009 and 2012, Singapore's Nanyang Technological University sent students to the institute for a four-week course about Indian culture and economy.
As of January 2012[update], IIPM's global partners are: NYU Stern (for International Residency), Imperial College (participating B-school), Haas School of Business (Strategic Marketing Programme), McCombs School of Business (Affiliate B-school), Cornell University ILR School (Participating school for GOTA), National University of Singapore (Wealth management programme) and Nanyang Technological University. IIPM lists Judge School of Business (Cambridge University), Darden School of Business (University of Virginia) and SDA Bocconi School of Management as past partner institutions. The Mercator School of Management of Duisburg-Essen University has a formal partnership with IIPM for exchanging students and faculty, and jointly conducting research. The Ecole Supérieure du Commerce Extérieur lists IIPM as a partner institution.
Research and publications
IIPM's research and publications are published by the IIPM Think Tank, an independent, India-centric research body with a presence in New Delhi, Mumbai, Chennai, Pune, Bangalore, Hyderabad and Ahmedabad. It publishes several journals; Need The Dough, The Human Factor,Strategic Innovators and The India Economy Review.
Relationship with accreditation organisations
The certifications offered directly by IIPM are not accredited by AICTE – a regulating body for technical education in India whose accreditation is a voluntary process. According to IIPM, its courses do not come under the purview of AIU, AICTE, UGC and similar government-established regulatory bodies. In March 2009, IIPM received the "candidate for accreditation" status from International Assembly for Collegiate Business Education (IACBE) – an accreditation body for college and university programs – which expires in March 2014.
Students who complete the certificate courses become eligible to apply for MBA/BBA degrees or postgraduate degrees from International Management Institute Belgium (IMI), with which IIPM says it has a "strategic alliance". This alliance enables the institute's students to visit IMI for one semester as part of its student exchange programmes. Financial Express reported in 2002 that IMI will now confer its PhD awards to the institute's research fellows. In March 2009, the University of Buckingham announced the signing of a Memorandum of Understanding with the institute. It said that the University of Buckingham is working with the institute "towards the final accreditation of IIPM's BBA and MBA programmes."
In 2005, the acting Chairman of UGC, Prof V N Rajshekharan Pillai, said that IIPM's advertisements could be misleading. In June 2008, the Delhi High Court advised the UGC and IIPM to settle the matter amicably through an out-of-court settlement. According to the institute, it had not sought de jure recognition from any statutory body or accrediting authority. UGC and AICTE listed IIPM as a "fake university" and said it was not permitted to confer MBA and BBA degrees or authorised to operate as a university in India. IIPM filed a lawsuit in response. In June 2008, UGC and IIPM reached an agreement in the Delhi High Court. UGC agreed to remove IIPM's name from its list of fake universities and IIPM agreed to clarify that it offers only "certificate courses".
The institute says it is an academically independent and autonomous body without affiliation to any university and its programmes do not fall under the purview of AIU, AICTE, UGC, or similar government-established regulatory bodies. The Uttarakhand University Registrar in February 2010 said that IIPM was running MBA and BBA degree programs without UGC and AICTE affiliations and that IIPM's continuing operation would be detrimental to institutions that operate with affiliations.
In July 2010, UGC issued a notice to IIPM after the Andhra Pradesh State Council of Higher Education questioned IIPM on the authenticity of its courses at its Hyderabad campus. UGC Chairman Ved Prakash said that IIPM was advertising its programmes using the names of UGC, HRD Ministry and AICTE, and that "it is indulging in cheating." IIPM Group President for Corporate Affairs Amit Saxena said the institute was not a university, was not empowered to award degrees on its own and was doing neither, and that IIPM was "on-site academic partner of Manonmaniam Sundaranar University which grants its degrees to IIPM students." Saxena also said that IIPM had made representations to UGC and Andhra Pradesh State Council of Higher Education to clarify its position and that the subject was sub judice at the Delhi High Court. The registrar of Manonmaniam Sundaranar University confirmed that IIPM was authorized to offer Manonmaniam Sundaranar University's MBA/BBA programmes in all of IIPM's 18 branches. Students of IIPM's Indian School of Business and Economics (ISBE) were informed by Manonmaniam Sundaranar University that theirs is a distance-learning degree arrangement.
IIPM has been involved in controversies related to its claims about infrastructure, job placements and affiliation with international institutes. Journalists and independent bloggers have investigated IIPM's claims in its newspaper advertising. IIPM denies these charges and has filed legal cases against some journalists. In February 2013, a district court in Gwalior passed an order asking India's Department of Telecommunications (DoT) to block access to 78 URLs critical of IIPM, which led to online protests. The Hindu's editor wrote that an IIPM advertisement which stated that The Hindu had called the institute "the B-School with a Human Face" was "illegal and unethical", and said that the quotation was the headline of a paid advertisement and The Hindu has not endorsed IIPM in any way. In December 2013, the Delhi High Court barred IIPM from publishing any TV, print or online advertisements without first obtaining the court’s approval, given that past IIPM advertisements had potentially misled the public.
Conflicts with journalists
In 2005, Outlook – whose 2003 rankings IIPM had used in its advertisements – issued a statement withdrawing all rankings awarded to the institute, saying IIPM misguides students through unethical advertising practices and does not fully and truthfully disclose facts. According to Arindam Chaudhuri, this was done after he said that Outlook used the perception of qualitative rankings to influence b-school rankings. IIPM responded with legal action against Outlook.
In June 2005, an Indian online magazine called Just Another Magazine (JAM) published an article accusing IIPM of misleading students and the public with its advertisements by using institutional rankings published in 2003 which were no longer valid. The article said that the IIPM is not accredited by UGC or AICTE. After a court ruling, the article was removed from the internet. JAM's editor Rashmi Bansal later published similar content in her blog. In response, IIPM called JAM's statements an attempt to spread baseless rumours and filed a lawsuit against Bansal. In a court ruling on June 2010, Bansal was ordered to take down her blog article. Gaurav Sabnis, an IBM employee at that time, was forced to resign from his post after IIPM threatened to burn IBM laptops in front of IBM's Delhi office.
Later, the magazine Careers 360 – published by Maheshwar Peri – investigated the case. IIPM again went to court against Peri and his publications Outlook and Careers 360 on defamation charges. In 2010, Uttarakhand High Court quashed the case. Another magazine, The Caravan, published an article critical of IIPM in 2011 and is facing a legal challenge.
In 2009, Mahesh Sarma wrote in Careers 360 that for the class of 2008, three companies mentioned in IIPM advertisements as participants in campus placement said that although some freshers of the institute may have been working for them, the companies had never participated in the institute's campus recruitment process. Sarma profiled a sample of jobs that IIPM said its students obtained abroad in the Persian Gulf countries. As of June 2010, according to The Pioneer, Standard Chartered and Barclays were offering jobs to IIPM students.
In 2009, according to Sarma's article, Judge Business School (University of Cambridge), Darden Graduate School of Business Administration (University of Virginia) and Haas School of Business hosted IIPM's non-credit Executive Education program participants and conducted sessions for them. Sarma wrote that McCombs School of Business was not aware of a relationship with IIPM, and that IIPM may have a relationship with another University of Texas-Austin college. Judge Business School told Sarma that they were delivering a "five-day non-degree executive education programme" to IIPM students at the University of Cambridge, and that "there are no university qualifications awarded from Cambridge University or Judge Business School. The only certificate is a certificate of attendance which is what we provide to participants on all our programmes." Darden Business School told Sarma that "along with Cambridge (Judge) and UC Berkeley (Haas)," University of Virginia's Darden School of Business was providing a series of week-long Executive Education non-credit programs for IIPM. Darden also said it had no partnership agreement with IIPM. Haas Business School confirmed the existence of a contract with IIPM and said that IIPM "may represent itself as a business school participating with the Haas School of Business," and that Haas faculty will teach courses in the IIPM programme.
Sarma also reported that the University of Buckingham had told him that although they were in talks with IIPM, there was no formal agreement yet and that until IIPM's programmes are formally accredited by the QAA, IIPM does not have consent to mention the University of Buckingham in its advertisements. According to Sarma, after Careers360 published its article, IIPM removed the name of University of Buckingham from its advertisements.
Sarma said NVAO – the accreditation organization for Netherlands and Flanders – said that IMI "is not a recognised higher education institution in the Dutch or French speaking part of Belgium" and cannot award recognised degrees. According to Careers 360, the Uttarakhand government appointed the registrar of Uttarakhand Technical University to conduct an inquiry; the registrar recommended banning IIPM.
On its website, the institute states that in its opinion rankings are not important and that it has "strong reservations on the methodology applied by most of the magazines to rank b-schools."
The 2008 Zee Business Best B-School Survey ranked IIPM seventh overall, first in global exposure, fifteenth in infrastructural facilities, ninth in course content and placements. The 2009 Zee Business Best B-School Survey ranked IIPM fifth overall. In November 2009, the Hindustan Times placed IIPM's Delhi branch was ranked ninth amongst India's top ten private schools. The India Today group's Mail Today 2009 ranking of institutes offering full-time, two year management programme in Delhi/ NCR gave IIPM's Delhi branch the top rank in "quality of faculty", "placement of the past three batches" and "the global exposure offered during the programme".
Mail Today's August 2010 B-School survey ranked IIPM first amongst 25 top institutions. IIPM was also ranked first amongst the top ten b-schools in the Delhi-NCR region. Additionally, IIPM was ranked first in international exposure and intellectual capital, second in student development, placements and potential to network, third in faculty, fourth in course curriculum and industry interaction, fifth in infrastructure, and sixth in salary. In February 2010, IIPM was recognized for its "innovative teaching methodology" in the 2010 DNA & Stars of the Industry group’s Innovative B-School Awards.
In 2011, IIPM was ranked the fifth-best business school in India in the Zee Best Business School survey results. In the same survey, it was ranked first in India in terms of global exposure and intellectual impact, fifth in terms of course contents and overall placements, third in industry interface and sixteenth on infrastructural facilities. At the 2011 Asia’s Best B-School awards ceremony, IIPM was judged the 2011 Best B-school in Asia Overall. In DNA’s 2011 National B-School Survey, IIPM was ranked eighth-best B-school in India. In the same survey, IIPM was ranked first in international exposure, eleventh in curriculum, ninth in intellectual impact, sixth in image of the institute, eleventh in placements, sixth in industry interaction, eighth in infrastructure and twelfth in potential to network. In the 2011 B-School Survey of Mail Today, IIPM was ranked top of all B-schools surveyed.
IIPM has seven international placement offices. According to the institute, 70 percent of its students choose the placement process, and that almost all of these students get jobs through it. In 2005, IIPM Delhi and Mumbai's average placement salary was 3.8 lakh (US$6,100) for domestic placements and US$30,000 for international placements. ICICI was the biggest recruiter and IBM was the "Star recruiter". According to Business Standard, the IIPM invites companies to its campus and offers placements at its sister concern, Planman Consulting.
Between 2005 and 2010, according to DNA and The Hindu, IIPM placed around 10,000 students in over 1,500 companies. In June 2009, Mail Today reported that the institute found jobs for 2,300 out of 4,000 students with 750 companies participating, and 46 international placements, with an average salary of 4.2 lakh (US$6,700). The institute's S T Sivaramkumar said that financial service companies and small and medium enterprises participated in placements in 2009.
Most of the students placed in global placements in 2008 (165 students placed globally) and 2009 (55 students) were from the Delhi campus. The highest salary was 20 lakh (US$32,000), with an average salary of 4.63 lakh (US$7,400). In 2011, according to the institute, 2,400 students were placed by IIPM, with average salaries of 5.2 lakh (US$8,300) and the maximum salary in international placements was 27.5 lakh (US$44,000).
In 2009, IIPM filed a criminal defamation charge against Careers 360. According to Chaudhuri, the courts in February 2010 had admitted IIPM's defamation cases against Outlook and Careers 360. In May 2010, the court upheld that the contents of the Careers 360 article were "prima facie defamatory" and issued bailable warrants against Maheshwar Peri, publisher of Careers 360 and Outlook, and Mahesh Sarma, editor of Careers 360.
In September 2011, the Delhi High Court dismissed a petition filed by Outlook Publishing Private Limited and Peri, and "upheld the order passed by the metropolitan magistrate" with respect to a criminal complaint filed by IIPM's sister concern, Planman Consulting India Pvt Ltd. The Delhi High Court held Outlook Publishing Private Ltd, Peri, Outlook editor Vinod Mehta and other petitioners (except the directors of Outlook) "prima facie liable for publishing [the] derogatory and defamatory article." Both Peri and Mehta resigned from Outlook in early 2012.
In December 2013, Livemint.com reported that public-interest litigation filed in 2010 by Mahesh Sarma, the editor of Careers 360, led to the Delhi High Court barring IIPM from publishing any TV, print or online advertisements without first obtaining the court’s approval, given that past IIPM advertisements had potentially misled the public. According to Livemint.com, the interim court order was based on an affidavit by the University Grants Commission (UGC), which stated that IIPM advertisements had the potential to “mislead innocent students and public at large”; a UGC committee investigating the issue had found that the "practice of issuing such dubious advertisements by IIPM to attract students deceptively should be stopped forthwith". Portions of the UGC document were quoted in the interim court order.
In May 2007, The Monopolies and Restrictive Trade Practices Commission (MRTPC) – an anti-monopoly watchdog – initiated a probe into IIPM's advertisements. They suspected that IIPM recovers the cost of GOTA tours and laptops, both advertised as free, from students later on. In October 2007, MRTPC announced that it would not be processing inquiries against business schools because of staff shortages.
In May 2007, S.S. Palanimanickam, Minister of State for Finance, answered a question in the Rajya Sabha raised by Dharam Pal Sabharwal, another Rajya Sabha member. Palanimanickam said, "IIPM has not paid income tax during the assessment years 2005–06 and 2006–07, claiming exemption under section 10(23C) (vi) of the Income-tax Act, 1961." The ministry also said that IIPM had paid no service tax in the preceding two years. Under a query raised through the Right to Information Act on the institute, the Central Board of Direct Taxes said that the ministry received a "tax evasion complaint in respect of wrong claims of exemption under Section 10(23C) of the Income Tax Act, 1961." In April 2009, the Indian government stated that there were "no pending tax claims against IIPM" and the case had been closed after due enquiry.
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