Indian Institutes of Management (IIMs)The Indian Institutes of Management (IIMs) are India's premier management institutes that also conduct research and provide consultancy services in the field of management to various sectors of the Indian economy. These Institutes are recognized as premier management institutions, comparable to the best in the world for teaching, research and interaction with industries. The IIMs are considered the top business schools in India. All the IIMs are completely autonomous institutes owned and financed by the Central Government of India. In order of establishment, the IIMs are located at Kolkata (Calcutta), Ahmedabad, Bangalore, Lucknow, Kozhikode (Calicut), Indore, and Shillong. They offer post-graduate courses in management (equivalent to an MBA), fellowship programmes in management (equivalent to PhD), executive MBA and industry based programmes.
The CAT (Common Admission Test) conducted by the IIMs is a very competitive test conducted for admission to around 1250 graduate programs in management at the seven campuses. Some claim that since around 300,000 students compete for less than 1350 general seats (out of 1700 total seats) in the IIMs (2008 figures), IIMs are even more selective than all the top US business schools put together. The remaining 23% of seats are reserved for candidates belonging to Scheduled Castes and Tribes and PWD. The average percentile of students admitted through these reserved categories is lesser than the percentile scores of the General class students, which generally hovers around 99 percentile.
Establishment of IIMs in India:
1. IIM Ahmedabad (IIMA) was established in 1961.
2. Indian Institute of Management Bangalore was established in 1973.
3. IIM Calcutta (IIMC) was established in November 1961.
4. Indian Institute of Management Indore was established in 1998.
5. Indian Institute of Management Lucknow was established in 1984.
6. Indian Institute of Management Kozhikode was established in 1996.
7. Indian Institute of Management Shillong was established in 2007.
Indian Institutes of Management In India
3. IIM Calcutta
4. IIM Indore
5. IIM Lucknow
7. IIM Shillong
Plans for seven new campuses of IIM are being drawn up. The locations for the new campuses are :
Chhattisgarh, Haryana , Jharkhand, Uttarakhand, Jammu and Kashmir, Rajiv Gandhi Indian Institute of Management, Shillong, Tamil Nadu.