You must have heard all the hype about the Indian Institute of Management. But is a degree from the Indian Institute of Management really worth it? Relax, we can help you decide that. It’s no secret that the Indian Institute of Management has a vast and rich alumni base and many of their graduates have made it big in the world and job market. Here is an article on Why You Should Go For A Management Course At IIM? The IIM network is one of the most valuable alumni bases at the global level. Some of the most notable names of all time include:
- Space scientist, K. Radhakrishnan (IIM Bangalore),
- The 23rd Governor of RBI, Raghuram Rajan (IIM Ahmedabad),
- Chairperson and CEO of PepsiCo Indra Nooyi (IIM Calcutta),
- Professor of Finance at Stern School of Business, New York University, Aswath Damodaran (IIM Bangalore),
- Padma Bhushan Awardee in field of Academics, C. K. Prahalad (IIM Ahmedabad),
- Eminent Cricket Commentator, Columnist and Writer, HarshaBhogle (IIM Ahmedabad), and many more.
After hearing their success stories, you must be all charged to go for a management course at IIM. Let us provide a little history of the legacy of the IIMs to help you know what you’re getting into. Know more about Career Counselling For Class 11 & 12 Students .
History And Legacy
The IIM is an institute of Management and Research, which primarily offers undergraduate, postgraduate, doctoral, and other executive education programs. Their establishment was initiated by the first Indian Prime Minister, Jawaharlal Nehru based on recommendations from the Planning Commission of India. IIMs were declared institutes of national importance by the MHRD (Ministry of Human Resource Development).
These institutes are located in 20 big cities around the country. The most prestigious of these institutes, like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta are among the top 10 rankers for management schools according to NIRF (National Institutional Ranking Framework). Many IIMs now have an autonomous governing committee that takes all necessary everyday decisions.
The faculties chosen to teach here are highly educated and have to pass through several assessment parameters and they are probably the best mentors you can get to complete your management degree. There are a lot of courses provided by IIMs which you can take up.
The most opted degree is the full-time MBA (Master of Business Administration) degree, which is provided in two formats. One MBA Degree is offered as a two-year Postgraduate Programme in Management (PGP) or the one-year Global MBA (PGPX, EPGP, PGPEX, IPMX& PGP-BL). IIM Rohtak and IIM Indore also offer a new-age MBA Degree, which is a Five Year Integrated Programme in Management (IPM). IIM Lucknow offers a Working Managers’ Programme for two years.
Several IIMs also offer various Executive MBA Programmes for working professionals. They’re short-term and part-time to ensure suitability for working individuals. Most of the courses offered here require you to appear for an entrance exam to get admission.
The selection process is based on personal interviews and group discussions and these institutes also have proper reservation policies and relaxations for students of low financial status. They’re amongst the most affordable government and national institutes.
The Virtue Of An IIM Degree
We’ve gathered inside information about IIMs from their websites, which will help you understand why a degree from the Indian Institute of Management might be your golden ticket. You might feel you would not make it this big but it’s important to note that the experience you get here is the most valuable thing you can get. You can find a great variety and heterogeneity of students who come from different backgrounds because the student base is tremendous.
Fun fact! Most students making it to IIM feel that they are representing their states so you also get to learn many new things about different cultures thanks to the diversity of students.
One of the most important factors determining your college choice is the value you get out of that course and college. These institutes have a very high placement base and a lot of Multinational companies prefer to take IIM graduates and if you want high chances to get a prominent job, this might be the perfect solution for you.
The CAT (Common Admission Test) to get admission has become a little unpredictable to crack. You should definitely prepare well for the exam if you’re considering studying at these institutes. Moreover, the competition to get into IIM has increased many-folds.
It’s not a myth that a lot of graduates from the Indian Institute of Management make it ‘Global’. They actually do. IIMs have a highly productive and the best study environment you can hope for. Plus all the students are here to learn from the best, they don’t want to waste any time.
IIMs across India constantly work-up their curriculum and provide practical knowledge for multiple management and business operations. They might be the best option for your management degree.
We hope the article helps you with the necessary information you need in making the right decision to get your management degree.
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