Indian Institute of Management Bangalore

History

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. 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.

Motto

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. IIMB’s mission is to "build leaders through holistic, transformative and innovative education."

Academics

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. IIM Bangalore currently offers the following long-duration post-graduate programmes:

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.

Rankings

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. 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. IIMB was ranked fourth in the QS Global 200 Business Schools Report in the Asia-Pacific region for 2013. In India IIMB was ranked first by the Zee News India's best b-school survey 2012, second by the Hindustan Times India's top 50 business schools of 2011, second by the 2012 edition of CNBC-TV18's Top B-Schools in India and ranks second in Careers360 Top B-schools in India 2017. The Financial Times Global B-School Rankings ranked IIM Bangalore's Doctoral Program in the Top 50 globally while ranking its one-year MBA (EPGP) as one of the top 3 regular MBA programmes in India and at No. 49 globally in its Global MBA rankings in 2017. 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. 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. In 2014, IIMB became India's first management institution to partner with edX, a US based not-for-profit MOOC platform provider.

Mentorship

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

Campus

The current campus located at Bannerghatta road in Bengaluru was designed by architect B. V. Doshi and was completed in 1983. 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

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

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.

Hostels

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.

Auditorium

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

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

NSRCEL

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.

Campus life

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

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

Academic Council

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.

Placement Committee

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.

Student exchange

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.

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

Mini-clubs

Societies

Chapters

EPGP clubs

Events

IIMB celebrates the Foundation Day on October 28.

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.

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, KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull, Indian Ocean.

Vista

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.

Yamini

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.

Research

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.

Faculty

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

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

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.