Indian Institute of Management Bangalore

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This article is about a management institute in Bangalore, India. For the similarly named institutes, see Indian Institute of Management.
Indian Institute of Management Bangalore
IIM Bangalore Logo.svg
Motto तेजस्वि नावधीतमस्तु
Motto in English
May our study be brilliant and effective[1]
Type Public business school
Established 1973
Chairperson Kiran Mazumdar-Shaw [2]
Dean Devanath Tirupati
Director Sushil Vachani
Academic staff
110
Students ~1000
Location Bangalore, Karnataka, India
12°53′44.5″N 77°36′8.2″E / 12.895694°N 77.602278°E / 12.895694; 77.602278Coordinates: 12°53′44.5″N 77°36′8.2″E / 12.895694°N 77.602278°E / 12.895694; 77.602278
Campus Urban, 100 acres (0.4 km2)
Website www.iimb.ernet.in

Indian Institute of Management Bangalore (also known as IIMB) is a public business school located in Bangalore, Karnataka, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.[3] It is consistently ranked as one of the best business schools in India and the Asia Pacific region.[4][5][6][7]

It offers Post Graduate, Doctoral and executive training programmes. The Post Graduate Programme in Management (PGP), a two-year, full-time residential MBA programme is IIMB's flagship programme.[8] In addition to its main academic programmes, IIMB is also engaged in facilitating research, offering consultant services, conducting seminars and academic conferences and publishing journals.

History[edit]

Main Entrance to IIM Bangalore

In 1972, a committee headed by Professor Ravi J. Matthai, seeing the rising demand for graduates of the first two IIMs namely IIM Calcutta and IIM Ahmedabad, recommended the need to have two more IIMs. While the first two IIMs were oriented towards the private sector, it was decided that the new institution shall be oriented towards public sector to cater to its growing needs of management graduates. The Institute at Bangalore was consequently set up next year, designed to cater exclusively to the needs of Public Sector enterprises.[9] For the proposed institute, the Government of Karnataka offered 100 acres (40 ha) of land free of cost and a contribution of 3 million (US$45,000). T. A. Pai and N. S. Ramaswamy were appointed as chairman and director respectively. The institute was inaugurated by Indira Gandhi, the then Prime Minister of India, on 28 October 1973. The institute was started in St. Joseph's College of Commerce, and some other buildings, which were rented. The new institute came up at Bannerghatta Road in South Bangalore.[10]

Motto[edit]

The motto derived from Sanskrit तेजस्वि नावधीतमस्तु (pronounced as tejasvi nāvadhītamastu) is an extract from the Shanti Mantra recited in Taittiriya Upanishad, Katha Upanishad, Mandukya Upanishad and Shvetashvatara Upanishad. The motto translates to May our study be vigorous and effective.[1] IIMB’s mission is to "build leaders through holistic, transformative and innovative education."

Academics[edit]

IIM Bangalore awards diplomas instead of degrees. IIMs have not been set up as universities through an act of Parliament but as charitable societies. IIMs lack regular peer-based academic review of their departments/areas, an oversight proposed to be corrected by legislation governing all 13 IIMs after the Ministry of Human Resource Development rejected IIMB's plan to award degrees.[11] IIM Bangalore currently offers the following long-duration post-graduate programmes:

  • Post-Graduate Programme in Management (PGP): Two-year full-time residential programme, leading up to Post Graduate Diploma in Management (PGDM) is the flagship programme of IIM Bangalore. The first step in admission to the PGP is through the Common Admission Test (CAT) which is followed by a written round and an interview.[12] RTI revealed that the minimum CAT cut-off for PGP was 90 percentile for 2015-16.[13]
  • Fellow Programme in Management (FPM): The fellow programme is the doctoral programme started in 1976 to encourage academic research. The Financial Times has ranked IIMB's doctoral program in the Top 50 globally.
  • Post Graduate Programme in Enterprise Management (PGPEM): A part-time two-year Post Graduate Programme that targets executives from all sectors of business, providing general management education to middle and senior management professionals.
  • Executive Post Graduate Programme in Management (EPGP): One-year full-time residential post graduate diploma programme aimed primarily at candidates with 4 to 15 years of work experience. The first step in admission to the EPGP is through the Graduate Management Admission Test (GMAT) followed by work experience based shortlisting and a personal interview.[14]
  • Post Graduate Programme in Public Policy Management (PGPPM): Initiated by the Government of India and United Nations Development Programme for senior professionals from the Government administration to enable them to make future policy decisions.
  • Post Graduate Programme in Aerospace and Aviation Management: IIMB signed an agreement with Toulouse Business School in March 2014 to set up country's first Executive General Management Programme in Aerospace and Aviation Management. Airbus, one of the world's leading aircraft manufacturers is sponsoring the part-time programme.[15][16]

Further, the Executive Education Programme (EEP) caters to a wide variety of organizations in government, the public and private sectors and non-governmental organizations, with open and customized programmes ranging from two days to one year. The International Masters Program in Practicing Management (IMPM), an international collaborative executive education program jointly offered by IIMB with INSEAD, McGill University, Lancaster University and a consortium of Japanese universities is globally recognized as a major innovation in executive education. The N.S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) at IIMB also offers courses for entrepreneurs and owners of family businesses.[17]

Rankings[edit]

Institute rankings
Business – international
QS (MBA-Asian)[18] 4
Medical - India
Business – India
NIRF- MHRD[19][20] 1
Business Today[7] DNP
Hindustan Times[21] 2
CNBC-TV18[22] 2
Careers360[23] 1

IIMB topped the list of best management institutes in India per the National Institutional Ranking Framework (NIRF) unveiled in April 2016 by the Government of India.[24] IIMB has been recognized as the number one business school in Central Asia for the fourth successive year by Eduniversal Rankings and it is one of the only two business schools in India to be awarded 5 palmes.[6] IIMB was ranked fourth in the QS Global 200 Business Schools Report in the Asia-Pacific region for 2013.[18] In India IIMB was ranked first by the Zee News India's best b-school survey 2012,[25] second by the Hindustan Times India's top 50 business schools of 2011,[21] second by the 2012 edition of CNBC-TV18's Top B-Schools in India[7] and ranks second in Careers360 Top B-schools in India 2016.[23] The Financial Times Global B-School Rankings ranked IIM Bangalore's Doctoral Program in the Top 50 globally[26] while ranking its one-year MBA (EPGP) as one of the top 3 regular MBA programmes in India and at No. 68 globally in its Global MBA rankings in 2014.[27] According to the QS Global 200 Business Schools report, students from IIMB are the world's most academically distinguished with an average GMAT score of 780, considerably higher than those of the likes of Harvard or Stanford.[28] IIM Bangalore has been ranked No. 1 in central Asia in the Eduniversal 2015-16 Best Masters Ranking for its three courses – PGPPM, PGP and EPGP.[29]

Mentorship[edit]

IIM Bangalore successfully mentored IIM Trichy when it was established in 2011.[30] Currently it mentors IIM Visakhapatnam from its establishment in 2015. IIM Visakhapatnam operates from temporary campus inside Andhra University. It follows similar PGP program[31] with faculty[32] coming from IIM Bangalore.[33][34]

Campus[edit]

The current campus located at Bannerghatta road in Bengaluru was designed by architect B. V. Doshi and was completed in 1983.[35] The campus occupying an area of over 100-acres is located in south Bangalore. IIMB is known for its unique all-stone architecture and lush woods.

Academic blocks[edit]

The academic blocks were designed by Stein, Doshi & Balla architects led by B. V. Doshi and were completed by 1983. A few blocks were added later owing to the increase in the number of students being enrolled. Currently, there are blocks lettered from A to P where classes, faculty offices and other administrative entities are located. The classes are fully air conditioned with state of art facilities.

Library[edit]

The library is housed in a 55,000 square feet complex consisting of four floors. This fully automated state of art facility consists of about 235,000 documents and books apart from 85,000 journals are available for reference. The library also subscribes to 27 newspapers and more than 200 newsletters.[36]

Hostels[edit]

IIMB consists of 16 hostel blocks apart from one executive block and the executive accommodation at the Management Development Center. The hostel consists of 16 blocks named from A to P. IIMB has separate facilities for soccer, cricket, tennis, basketball, volleyball, badminton, table tennis and pool. An integrated indoor sports complex with a swimming pool is under construction.[37]

Auditorium[edit]

The Auditorium is situated within the academic blocks. It has a seating capacity of 500 people and plays host to various events, functions and guest lectures held at the institute.

Computer Center[edit]

The institute has a 24-hour Internet connectivity with 600+ PCs and workstations. The campus is also fully WiFi enabled.[38]

NSRCEL[edit]

Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) was set up in 2002 to aid the entrepreneurial activities at IIMB. The center acts an incubator for new business ideas.[39]

Image gallery[edit]

Campus life[edit]

There are several student-run clubs and societies at IIM Bangalore. The student bodies are divided into clubs, mini clubs, chapters and societies are managed by the students themselves and are governed by the Student Affairs Council. The following are the list of clubs and societies.

Students Affairs Council[edit]

It is the apex body which controls all the aspects of student life including other clubs and societies.[40]

Academic Council[edit]

The Academic Council is an elected body that facilitates the management of the academic system at IIM Bangalore. The Council acts as the interface between students and faculty and is also responsible for course bidding process.[41]

Placement Committee[edit]

More than 100 companies across the globe visit the campus every year for summers and final placements. The placement processes are governed by the Career Development Services and facilitated by the Placement Committee.[42]

Student exchange[edit]

IIM Bangalore has an extensive network of partner B-schools worldwide through which it conducts student exchange programmes. Students of the flagship MBA program can go an exchange programme during the 5th term of the course. More than a hundred students from IIM Bangalore leave for foreign institutes and an equivalent number from various B-schools arrive in Bangalore. The institutes with which IIM Bangalore has student exchange relationships are[43]

Doctoral exchange is also available with schools such as National University of Singapore, University of Cologne and schools in the United States. Scholarships are provided by partner schools or by government grants such as German Academic Exchange Service.

Clubs[edit]

  • Alumni Committee,[44] alumni affairs
  • Anveshan,[45] adventure and mountaineering club
  • Bookrack,[46] book lending and literature
  • Cultural Committee,[47] cultural activities
  • Dress Circle,[48] movie and photography
  • Entrepreneurship and Innovation Cell (EnI),[49] entrepreneurship and innovation
  • Exchange Committee,[50] students exchange programme
  • Forum for Industrial Interaction (FII), industry interaction [51]
  • HMC,[52] hostel and mess council
  • ICON,[53] consulting
  • IQ,[54] quizzing and literature
  • MARS,[55] merchandising and retailing
  • MASH,[56] marketing
  • Networth,[57] finance
  • Sigma,[58] systems and IT
  • Students Media Cell,[59] media relations
  • Sports Committee,[60] sporting activities and facilities
  • Vikasana,[61] social service

Mini-clubs[edit]

  • Dramatics,[62] drama and arts
  • Expressions,[63] creativity and magazine
  • OpMac,[64] operations
  • Taal, dance

Societies[edit]

  • Bharath,[65] public policy
  • Debsoc,[66] debating
  • ENS,[67] environment and sustainability society

Chapters[edit]

  • Mitr,[68] student counseling
  • ShARE,[69] knowledge sharing
  • SpicMacay,[70] music and arts
  • Toastmasters,[71] local chapter of TM international

EPGP clubs[edit]

  • Prayaas[72]
  • ConQuest
  • Srinivasa Ramanujam Club for Finance, Markets and Securities
  • HiTech Club

Events[edit]

IIMB celebrates the Foundation Day on October 28.[73]

Eximius[edit]

Main article: Eximius

Eximius is the annual entrepreneurship summit organized by IIM Bangalore. The three-day event focuses on entrepreneurship and generation of new business ideas. The event has hosted several eminent speakers including Shashi Tharoor, Kiran Mazumdar Shaw, Piyush Pandey, Mallika Sarabhai, Kris Gopalakrishnan, Kiran Bedi, Rashmi Bansal, Shaheen Mistri, Harish Hande, D R Mehta among others.[74]

Unmaad[edit]

Main article: Unmaad

Unmaad is the flagship annual cultural festival of IIM Bangalore. The three-day event draws participants from across India. Unmaad features drama and music performances, dances, quizzes, debates, street plays, professional concerts and a fashion show. The event has hosted performances by artists including Farhan Akhtar, Shankar Ehsaan Loy,[75] KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull,[76] Indian Ocean.

Logo of Vista

Vista[edit]

Main article: Vista(IIMB Fest)

Vista is an annual, international business summit hosted by IIM Bangalore. The three-day summit brings together leaders from the fields of marketing, finance, operations, human resources, consulting and social work. The platform lets students learn from business professionals through events, competitions and case studies. The event also incorporates guest speaker sessions. Previous speakers include Dr. Devi Shetty, Mukesh Ambani, Prahlad Kakkar, Kumar Mangalam Birla, Kamal Haasan, Kiran Mazumdar Shaw, Gurucharan Das, Justice Santosh Hegde, Dr. Arun Shourie, Gul Panag, M J Akbar, Nandita Das, Narain Karthikeyan and Shobhaa De.[77]

Yamini[edit]

Yamini is a music festival in Bangalore, organized by Society for the Promotion of Indian Classical Music And Culture Amongst Youth (SPICMACAY) and hosted at IIMB.[78][79][80]

Research[edit]

Research in IIM Bangalore is performed in research centers focusing on different aspects of managements. These include the ERP Research Centre, Centre for Insurance Research and Education, N S Raghavan Centre for Entrepreneurial Learning, Centre for Public Policy, Centre for Software & Information Technology Management, Centre for Development of Cases and Teaching Aids, Centre for Corporate Governance and Citizenship Centre for Capital Market & Risk Management, Centre for Financial Markets and Institutions and the Supply Chain Management Centre.[81]

Faculty[edit]

Past and present faculty at IIM Bangalore include many prominent scholars who have gone on to become pioneers in their fields. Notable of them include:

Alumni[edit]

IIM Bangalore has a strong alumni network with its alumni taking over many prestigious positions across the world. IIMB Alumni Association (IIMBAA) manages interactions with the Alumni network and keeps them engaged with the business school. Anusmaran, a yearly event conducted across multiple cities in the world serves as a rendezvous. Some of the prominent alumni include academicians such as Aswath Damodaran and Raghavendra Rau, author Karan Bajaj and film maker Nila Madhab Panda. K. Radhakrishnan, Chairman of ISRO and business executives like Ravi Subramanian and Sameer Suneja were also IIMB graduates.

In popular culture[edit]

The campus was the site for the shooting of the Bollywood film 3 Idiots directed by Rajkumar Hiranii and starring Aamir Khan, Kareena Kapoor, Boman Irani, R. Madhavan and Sharman Joshi. The film is loosely based on the famous novel Five Point Someone by Indian writer Chetan Bhagat.[87]

See also[edit]

References[edit]

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  77. ^ Vista (IIM Bangalore's Annual Business Summit)
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External links[edit]