Motto विद्याविनियोगाद्विकास: Established 1961 Phone 079 6632 3456 | Founded 1961 | |
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Motto in English Progress Through the Application of Knowledge Dean Shailesh Gandhi (Programmes), Errol D'Souza (Faculty), Rakesh Basant (Alumni & External Relations) Chairperson Aditya Vikram Kumar Mangalam Birla (2016–) Notable alumni Similar Indian Institute of Manage, Indian Institute of Manage, S P Jain Institute of Manage, XLRI ‑ Xavier School of, Indian Institute of Manage Profiles | ||
Indian Institute of Management Ahmedabad (IIM Ahmedabad or IIMA) is a public business school located in Ahmedabad, Gujarat, India. It was the second Indian Institute of Management (IIM) to be established, after IIM Calcutta. It is the "world’s toughest business school to get into", on the basis of its acceptance rate (0.25%). It is consistently ranked as one of the leading business schools in India and the Asia-Pacific region.
Contents
- History
- Campus
- Programmes
- Rankings
- Faculty Pedagogy and Mentorship
- Student Life
- Events
- Placements
- Alumni
- Entrepreneurship
- Impact
- Popular Culture
- References
Established in 1961, the institute offers Post Graduate Diploma Programmes in Management and Agri-Business Management, a Fellowship Programme and a number of Executive Training Programmes. The institute is often referred to as WIMWI (Well-known Institute of Management in Western India). The Institute's first Director was the Indian physicist Vikram Sarabhai. The Director as of 2016 is Ashish Nanda.
History
IIM Ahmedabad was established on 11 December 1961 with the active support of the Government of India, the Government of Gujarat, Harvard Business School, and prominent members of Indian industry. The physicist Vikram Sarabhai and businessman Kasturbhai Lalbhai, both natives of Ahmedabad, played pivotal roles in setting up the institute. The institute's Kasturbhai Lalbhai Management Development Centre and a Kasturbhai Lalbhai Chair in Entrepreneurship are named in his honour. The management educator Ravi J. Matthai and several other Ahmedabad-based industrialists also played a major role in its creation.
The 1960s was a period when a course of management was not fully understood or appreciated by Indian industry. Initially, the institute faced difficulties in getting quality students in large numbers and convincing companies to hire these candidates. However, with time, as the leadership of major business houses changed, this mindset changed as well. The rise of IIMA graduates to top positions in businesses also improved the perception of IIMA. Today, it is one of the most difficult educational institutes in the world to get entry into.
Campus
The IIMA campus is situated across 106 acres in Vastrapur, Ahmedabad. The campus houses the academic blocks, faculty offices, student and faculty accommodation, the Dr. Vikram Sarabhai Library, the R.J. Mathai Auditorium, the Louis Kahn Plaza, the International Management Development Centre, the Kasturbhai Lalbhai Management Development Centre, the Centre for Innovation, Incubation and Entrepreneurship, sport facilities, several food outlets and merchandise stores.
Architecture
In 1962, the IIMA board came to a formal agreement with the National Institute of Design (NID) for the latter to undertake the task of designing the IIM Ahmedabad campus. The National Institute for Design appointed American architect Louis Kahn and B.V. Doshi as architects for the project. Kahn worked on the IIMA project from 1962 until his death in 1974.
Kahn's architecture is characterized by the use of exposed red bricks, the extensive use of geometric shapes in hostels and academic blocks and vast corridors outside the classrooms. A number of tourists and architecture students visit the campus every year. The quadrangle between the main academic building and the classroom complex in the Heritage Campus is an open-air assembly named after Kahn and called the Louis Kahn Plaza.
IIMA announced an architectural competition for the extension of its campus in 1999, and the project was awarded to the Indian firm HCPDPM and architect Bimal Patel. This new campus was built on a plot across the road from the Heritage Campus. The two campuses are connected by an underpass, which houses an exhibition on Louis Kahn’s work.
Dr. Vikram Sarabhai Library
The library is named after the institute’s founder, renowned physicist Vikram Sarabhai. The library was instituted in 1962 and has one of the biggest collection of management books and databases in Asia. It houses over 193000 books and has online subscriptions to greater than 24000 journals. The library provides access to 100+ digital databases relating to scholarly, company and industry information to the IIMA community. The library is located at the Louis Kahn Plaza. The main building is currently undergoing renovation and has been temporarily shifted to KLMDC. TCS Foundation, the nonprofit arm of Tata Consultancy Services, is providing Rs 20 crore for the project, which has a projected completion date of 2018. The reimagined Library will focus on intelligent identification technologies, enhancing the library's digital content and seamless integration of the library's resources.
Student accommodation
Students are provided single room accommodation in the 33 fully furnished dormitories spread across the campus. Married students can opt to live with their family in married students' hostels. Stay in dormitories is mandatory for students. Basic amenities including washing machines, refrigerators and TVs are available at each dorm. The architecture of the dormitories promotes sociability among the residents.
Programmes
Like other IIMs, IIM Ahmedabad currently offers diplomas in management, not degrees. However, the Cabinet of the Government of India approved the IIM Bill in January 2017 which when approved will allow the IIMs to offer MBA degrees instead of diplomas.
In addition to the above, the Institute conducts a number of executive education and faculty development programmes through the year. In January 2017, IIMA launched India's first online management course with the two year e-Post Graduate Programme in Management for working executives and entrepreneurs.
Rankings
IIM Ahmedabad is the premier business school in India. The Financial Times has ranked IIM Ahmedabad's PGP programme at #15 in its Masters in Management Ranking 2015 and PGPX programme at #24 in its Global MBA Ranking 2016. The Financial Times Global MBA Ranking 2016 ranked IIMA first on career progress globally, ahead of University of Chicago: Booth, Stanford Graduate School of Business and Harvard Business School. IIMA is the only Indian institute listed by The Economist in its 2015 Full-time B-school ranking, at #60.
In India, IIM Ahmedabad is ranked #1 by Business Today 2016, Outlook India 2016, India Today 2016, The Hindu BusinessLine-MBA Universe 2016 and Business World 2016. IIMA is ranked #2 by National Institutional Ranking Framework published by Ministry of Human Resource Development in April 2016
IIMA is accredited by the EFMB Quality Improvement System (EQUIS). It is also a member of Partnership in International Management (PIM), a consortium of leading international business schools.
Faculty, Pedagogy and Mentorship
IIMA's faculty comprise a mix of distinguished academicians, eminent entrepreneurs, theoreticians and scholars. 82 of 84 faculty members have PhDs with more than half of them with PhDs from universities outside India. In the past 15 years, faculty members have written 95 international cases, 405 papers in international journals and presented 459 papers at international conferences. Faculty members are involved in every aspect of the Institute: academics, governance, research, and consultancy. They serve on several government committees and as board members of India's leading companies. They have been extensively involved in policy formulation for financial institutions, corporations, NGOs and international agencies like the World Bank and WTO.
Academic Units
IIMA conducts its academic programmes through well defined academic units. These are:
Every faculty member has a primary association with one of the above academic units and may additionally take up secondary membership with another academic unit.
Research Chairs
As of July 2016, three chairs have already been announced and the institute plans to announce twelve more. The list of Chairs committed at IIMA are:
Currently, the NABARD Chair in Agri-business is assigned to IIMA faculty Vasant Gandhi, the RBI Chair in Finance and Economics is headed by Abhiman Das, the JSW Chair in Innovation and Public Policy is assigned to Rakesh Basant and the Prof. M N Vora Chair in Marketing and Entrepreneurship is assigned to Arvind Sahay.
Pedagogy
IIMA was set up with the assistance of Harvard Business School, and the Institute has adopted the case study based methodology developed by Harvard. The case method is used with a view to "develop skills needed for problem solving, decision-making, and implementation." IIMA publishes its own cases and has tie ups with the Ivey Case Centre and Harvard Business School.
Mentorship
IIMA, through its faculty, has been mentoring Indian Institute of Management Nagpur since its establishment in 2015. IIM Nagpur operates from temporary campus inside VNIT. It follows similar PGP program with faculty coming from IIM Ahmedabad.
Student Life
Student bodies
The Student Affairs' Council (SAC) is the umbrella student body at IIMA that helps in the administration of the 40+ clubs and committees on campus. Below is a partial list:
Culture
IIMA’s culture is characterised by the rigour it inculcates in its students. Lectures commence at 8.45 am every morning, with little room for being even a minute late or missing even a single class. Another typical feature of the IIMA life are the surprise quizzes that may be announced at the tick of 1.45 p.m. Former IMF Chief Economist Raghuram Rajan reminisced his days at IIMA, stating that they were the hardest in his life, having had to work 80 to 90 hours a week. Beyond academics, students pursue several interests through the 40+ student bodies and interest groups on campus. Sports form an important component of campus life and the Institute elaborately celebrates all Indian festivals, including local festivals like Garba night in the Navratras and Kite flying on Makar Sankranti. With reference to faculty and administration, the peer culture, the system of committees, the habit of periodical review, the balance of power between the director and faculty have become central to the IIMA culture that Vikram Sarabhai and Ravi J. Matthai carefully fostered.
Sports
IIM Ahmedabad has extensive facilities for sports and fitness. The Heritage Campus houses a Sports Complex which has state-of-the-art facilities for badminton, squash, table tennis and billiards. The campus has 2 lawn tennis courts, a basketball court, volleyball courts, grounds for football, cricket and ultimate frisbee, a jogging track in addition to a fitness centre and yoga room. Students actively play and participate in sports competitions through the year. The Institute participates in Sangharsh, an annual sports competition between IIM Ahmedabad, IIM Bangalore, IIM Calcutta and IIM Lucknow. IIM Ahmedabad were declared winners of Sangharsh for three consecutive years: 2014, 2015 and 2016. The Institute also hosts an inter-collegiate sports fest, Shaurya.
Events
Confluence: Confluence is the annual international management symposium hosted by IIM Ahmedabad. This flagship event was started in 1999. The primary events at Confluence include Masterplan, the business plan competition; a business quiz event; a business simulation event and a business strategy simulation event The speaker series at Confluence has seen eminent speakers in the past including Ratan Tata, Vijay Mallya, Mukesh Ambani, Kiran Bedi, Sunil Bharti Mittal, Chandrababu Naidu, Rakesh Sharma etc.
Chaos: Chaos is the annual cultural festival of IIMA and one of the biggest in the region. Its yearly editions have been centred on themes like diversity, colour or going green. The cultural festivities draws footfalls of around 50,000 visitors from Ahmedabad over four days and participation from institutes across the country. ProNites are especially a huge success with a large number of top class artists coming and performing on one stage. In the past, Chaos has witnessed musical performances by Jagjit Singh, Amit Trivedi, Raghu Dixit, Mohit Chauhan and Shankar Ehsaan Loy to name a few.
Insight: Insight is the annual Market Research festival of IIMA and is one of the oldest events organised by the institute. Insight is known for its application of innovative marketing research tools.
ConneXions: ConneXions is the flagship event for the PGPX program at IIMA. It is a knowledge summit that epitomizes the vibrancy and buzz of a business school. ConneXions has seen a lot of eminent speakers from the industry including Suresh Prabhu, Kiran Karnik, Ramaswami Balasubramaniam, Ram Sewak Sharma, Tamal Bandyopadhyay, Shyam Srinivasan etc.
In addition to the above, the Institute organises: Amaethon, an international food, agribusiness and rural summit; Convergence, a management conference organised by the Armed Forces Programme; two sports fests - Sangharsh (on a rotational basis with IIM Bangalore, Calcutta and Lucknow) and Shaurya.
Placements
The placement process at IIM Ahmedabad is a student driven process that institutionalises placements for the entire batch. The Economist in 2015 ranked IIMA at #1 on opening new career opportunities, ahead of Harvard Business School and INSEAD, and the Financial Times ranked IIMA #1 globally on career progress. The Placement Committee elected by the students liaisons between the Institute administration, students and recruiters. Placements for the PGP and PGP-FABM courses are characterised by two phases - summer placements for the first-year batch and final placements for the graduating batch. The placement process for the graduating is conducted in two stages. The first is the laterals process where firms interview students with prior work experience and offer them mid-level managerial positions. The second stage is the final placement process. Companies from multiple sectors across different geographies hire candidates for a wide range of functions
Top firms from diverse sectors such as Analytics, Banking & Financial Services, Consumer Services, Internet & E-commerce, Management Consulting, Pharmaceuticals and Technology participated in the laterals process. The final placements witnesses participation from top recruiters in cohorts like Strategy and Niche consulting, Banking & Financial Sector, PE/VC, Sales and Marketing, General Management and Leadership, Internet and E-commerce, and Technology sector. IIM Ahmedabad introduced the IPRS to achieve standardisation of placement reporting across business school. It is an effort from the institute to create an edifice of transparency, integrity and accountability in the intellectual architecture of learning and sharing.
Alumni
Many alumni from the institute have made a name for themselves. Among BSE 500 CEOs with MBA, the highest proportion come from IIM Ahmedabad.
Academia
Business
Government
Literature
Social Sector, Arts and Sports
See also
Entrepreneurship
Centre for Innovation, Incubation and Entrepreneurship (CIIE)
Centre for Innovation, Incubation and Entrepreneurship (CIIE) is a research centre started in 2002 by faculty members of IIM Ahmedabad. It was later repurposed as an incubator with partnership with the Government of India and Government of Gujarat. In 2014, CIIE emerged as the #1 accelerator in the Asia and Oceania region by quantum of funding to young startups. The CIIE also runs the Mavericks Programme for students of IIMA.
The Mavericks Programme
Students in the first year batch at IIM Ahmedabad also have the opportunity to work under the CIIE, to build upon their entrepreneurial ideas during the summers, instead of doing an internship. 5 students from Class of 2018 opted out of summer placement process to work on their own ventures under the guidance and mentorship of CIIE. Students interested in starting their own ventures after completing their course at IIMA can do so under the guidance and mentorship of CIIE, and can opt to participate in placements in one of the next two years in the event that their venture does not work out. From the batch of 2016, eight students opted out of the placement process to work on their startups in sectors like adventure tourism, data analytics, e-commerce, food processing among others.
Impact
Business
IIMA has been instrumental in influencing the business landscape of the country, with the highest proportion of BSE 500 CEOs (who have an MBA) coming from IIMA. More than 400 students provide live consulting for businesses through the Forum for Industry Interaction annually. 84 projects were undertaken by students in 2015.
Policy
A key study by IIMA on salaries in the private and public sector helped shape the 7th Central Pay Commission’s recommendations. Professors from IIMA have been appointed to eminent panels and committees, responsible for shaping key policies, by the government. IIMA’s Gold Policy Centre is in the process of publishing a paper on the government’s Gold Monetization Policy. The Punjab Prisons Department has signed an MoU with IIMA for a prison modernization project. The Central Vigilance Commission has asked IIMA to come up with India’s first index to measure perceptions of graft and corruption, based on the Corruption Perceptions Index of Transparency International. Key studies on state health indexes have also been released by IIMA, helping to highlight the progress made on the same by various states across the country.
Training
Through its Executive Education programs, IIMA will train key senior officers from Chattisgarh, as well as state Chief Minister Raman Singh, focussing on key management practices and project management. Officers from the Delhi Jal Board will also undergo training on Project and Risk Management. An MoU has also been signed between the institute and the Delhi Govt to train the principals of all 1024 schools run by it, with the training to be conducted by the RTE Resource Centre.
Social
RTE-RC: The Right to Education Resource Centre (RTE-RC), started by a group of students under the guidance of Prof. Ankur Sarin, helps parents fill out forms and get children admitted under the RTE Act, while also raising awareness about the issue of underutilization of the Act. The Centre received 1800 application in its first year of operation, raising the number of children admitted under RTE from 30 in 2013 to nearly 600 in 2014.
Prayaas: Launched in 2004, Prayaas impacts the lives underprivileged students by directly providing them a higher quality of education through specially appointed teachers, with classes running out of the New Campus, as also through funding drives that enable students to move to better schools, in a hope for better education and better lives. The IIMA community actively helps the children with their homework and preparation for examinations. Additionally, the children use the campus' facilities and participate in activities like painting, dance, crafts, etc.
SMILE: IIMA, in association with the Wagh Bakri Group, set up an initiative called SMILE (Student Mediated Initiative for Learning to Excel) to educate underprivileged kids wherein students will conduct classes in their free time. This has been piloted in a space provided by the Ahmedabad Municipal Corporation (AMC) under a flyover near the IIM-A campus.
Popular Culture
IIM Ahmedabad has been cast as the background for several books. “Stay Hungry Stay Foolish” is a book by the Indian non-fiction author Rashmi Bansal (an IIMA alumnus). It features stories of 25 IIMA alumni who left lucrative jobs to pursue entrepreneurship. The book created a new record in Indian publishing by selling over 300,000 copies and has been translated into eight languages.
The campus was the backdrop for the popular Bollywood movie 2 States, based on a book of the same name authored by Chetan Bhagat, an alumnus. The film is a romantic story, set in IIMA, of a Punjabi boy who falls in love with a Tamil girl, and the ensuing cultural clash between them and their families. The film was a box office hit and grossed over Rs. 1.7 billion in revenues.