The Indian Institute of Management Calcutta (IIM Calcutta), established in 1961, stands as one of India’s premier business schools and has earned a global reputation for its academic excellence, leadership development, and research contributions. Situated in the bustling metropolis of Kolkata, West Bengal, IIM Calcutta has played a pivotal role in shaping the landscape of management education in India. Here is an article on IIM Calcutta.
History and Establishment:
IIM Calcutta was the first Indian Institute of Management to be established in the country, founded with the support of the Government of India, the Ford Foundation, and the Indian industry. Its establishment was a significant step in addressing the growing demand for management education in India. The institute officially started functioning in 1961 and has since then upheld its commitment to excellence in management education.
Campus and Infrastructure:
- Academic Blocks: The institute’s academic buildings are equipped with modern classrooms, lecture halls, and seminar rooms, all furnished with cutting-edge technology to enhance the teaching and learning experience.
- Library: The IIM Calcutta Library is one of the most extensive business libraries in Asia. It houses a vast collection of books, journals, research materials, and digital resources, catering to the academic needs of students and faculty.
- Hostel Facilities: The campus offers comfortable and well-maintained hostel accommodations for students, ensuring a conducive environment for focused studies and personal growth.
- Recreational Facilities: In addition to academics, the campus provides ample opportunities for sports and recreation, including sports fields, a gymnasium, tennis courts, and more.
- IT Infrastructure: IIM Calcutta maintains a robust IT infrastructure with high-speed internet connectivity, enabling students and faculty to access digital resources and stay connected.
Academic Programs:
- Post Graduate Program in Management (PGPM): IIM Calcutta’s flagship program, the PGPM, is a two-year, full-time residential program designed to nurture future leaders and managers. It covers a wide spectrum of management subjects and offers specializations in various domains.
- Fellow Program in Management (FPM): The FPM is a doctoral-level program aimed at cultivating research scholars in the field of management. It prepares students for careers in academia, research, and industry.
- Executive Programs: IIM Calcutta offers executive education programs tailored for mid-career professionals. These programs are designed to meet the specific needs of working executives and are delivered through various formats, including on-campus, online, and blended learning.
- International Programs: The institute collaborates with prestigious international business schools, providing opportunities for student exchange programs and international immersion experiences, thereby fostering a global perspective among its students.
- Research Programs: IIM Calcutta actively supports research initiatives and projects, allowing faculty and students to make significant contributions to the field of management through their research endeavors.
Faculty and Research:
- Finance: Research in finance encompasses topics such as corporate finance, investment banking, and risk management.
- Marketing: Faculty members conduct research in consumer behavior, marketing strategy, branding, and market research.
- Operations Management: Research in this area focuses on supply chain management, operations strategy, process optimization, and logistics.
- Human Resource Management: Faculty members contribute to the understanding of HR practices, organizational behavior, leadership, and talent management.
- Strategy: Research in strategic management covers competitive strategy, corporate governance, business policy, and strategic leadership.
- Entrepreneurship: IIM Calcutta actively promotes entrepreneurship through research, incubation centers, and startup initiatives.
Notable Alumni:
- Raghuram Rajan: Former Governor of the Reserve Bank of India (RBI) and an eminent economist known for his contributions to the field of finance.
- Arundhati Bhattacharya: Former Chairperson of the State Bank of India (SBI) and a prominent figure in the banking and financial sector.
- N. R. Narayana Murthy: Co-founder of Infosys and one of India’s most prominent entrepreneurs and philanthropists.
- K. Radhakrishnan: Former Chairman of the Indian Space Research Organisation (ISRO) and a key figure in India’s space program.
- Indra Nooyi: Former Chairperson and CEO of PepsiCo, recognized as one of the most powerful women in business globally.
Impact on Business and Management Education
- Research and Publications: The institute’s faculty and researchers have consistently produced valuable knowledge through their publications, influencing management practices in India and around the world.
- Leadership Development: IIM Calcutta’s emphasis on leadership development has resulted in its graduates occupying influential positions in top organizations, contributing significantly to the growth of India’s corporate sector.
- Entrepreneurship Ecosystem: The institute actively fosters entrepreneurship and innovation through its incubation centers and initiatives, fostering a culture of entrepreneurship among its students.
- Industry Collaborations: IIM Calcutta maintains strong ties with industry leaders, resulting in collaborations, internships, and placement opportunities for its students.
IIM Calcutta FAQ
IIM Calcutta is one of only three triple accredited business schools in India, and the first to get the recognition. It is also the only business school in India which is a part of the CEMS Global Alliance in Management Education.
IIM Calcutta MBA admission to the PGP batch of 2023, the qualifying sectional CAT cutoffs for General category candidates is 75, whereas the overall percentile rank required is 85. However, for the final IIM Calcutta admission 2023, the estimated final cutoff is 99.
Indian Institute of Management Calcutta Executive MBA fee is INR 31 lakh. The fee payment can be done in four installments. The first installment is a commitment fee of INR 2 lakh, which is payable at the time of offer acceptance.
