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Indian Institute of Management Bangalore

Coordinates: 12°53′39″N 77°36′7″E / 12.89417°N 77.60194°E / 12.89417; 77.60194
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Indian Institute of Management Bangalore
MottoTejasvi nāvadhītamastu
Motto in English
Let our study be enlightening
TypePublic business school
Established1973; 52 years ago (1973)
Chairperson Dr. Devi Prasad Shetty
DirectorG. Raghuram
Academic staff
109[1]
Students921[1]
Postgraduates835[1]
89[1]
Location
Bannerghatta Road, Bangalore
,
Karnataka
,
India

12°53′39″N 77°36′7″E / 12.89417°N 77.60194°E / 12.89417; 77.60194
CampusUrban
NicknameThe Place to B
AffiliationsInstitute of National Importance
Websitewww.iimb.ac.in

Indian Institute of Management Bangalore (IIMB) is a public business school and Institute of National Importance located in Bangalore, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.[2]

IIMB is a globally ranked institute as per the QS World University Rankings and Financial Times Global MBA Rankings. It was ranked India's best B-School in the NIRF 2019 rankings[3]. It was also ranked as the best business school in Central Asia in 2019 by EdUniversal[4]. In the same year, it topped the Outlook ICARE Rankings for India's best management education institution[5].

The institute offers Post Graduate, Doctoral and Executive Education programmes. The Post Graduate Programme in Management (PGP), a two-year, full-time residential MBA programme is the flagship programme, offered to candidates admitted through the highly competitive Common Admission Test.[6] IIM Bangalore offers the Executive Post Graduate Programme in Management (EPGP), a one year full time MBA programme for candidates admitted through GMAT [7]. IIMB also offers two year part time executve MBA programme for working executives [8] and a 2-year full time MBA programme in business analytics.[9]

In addition to its main academic programmes, IIMB is also engaged in facilitating research, offering consultant services, conducting seminars and academic conferences and publishing journals.

History

In 1972, a committee headed by 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 institutions 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.[10] 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$35,000). 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 on the Langford Road. The new institute came up at Bannerghatta Road in South Bangalore.[11]

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 Let our study be enlightening.[12]

Academics

Entrance to the Main Block at IIMB

Prior to 2018, IIM Bangalore awarded diplomas instead of degrees because IIMs were not set up as universities through an act of parliament but as societies under the Societies Act.[13] The Indian Institutes of Management Act, 2017 enacted by the Ministry of Human Resource Development in December 2017 declared IIMs as Institutes of National Importance, thereby allowing IIMs to award degrees to their students instead of diplomas.[13] Consequently, in 2018, IIM Bangalore became the first IIM to award MBA degree to the graduates of the Post Graduate Programme in Management.[13]

Degree Granting Programmes

IIM Bangalore offers five degree granting programmes: a doctoral programme, 3 MBA programmes, a programme in public policy and a programme in business analytics. [14]

The Doctoral programme is committed to training individuals who will excel in their area of research by publishing quality work of international standard. It promotes inter-disciplinary research in all areas of business management and public policy, including Decision Sciences, Economics & Social Sciences, Entrepreneurship, Finance & Accounting, Information Systems, Marketing, Organizational Behaviour & Human Resources Management, Production & Operations Management, Public Policy, Strategy.[15]

The MBA degree is offered through three programme formats - the two year full-time programme (PGP), one year full-time programme (EPGP) and the two year weekend executive programme (PGPEM).

The Post Graduate Programme in Management (PGP) has been the flagship two-year residential PGDM programme since the institute was founded. Now recognized as the two year full-time MBA of IIMB, the PGP programme is recognized globally as one of the top 'Master's in Management'. The two year full time MBA ranks amongst the global top 20 Masters in Management Programmes and listed alongside MIM from top B-Schools like HEC Paris. It is designed to equip students to take on leadership roles in an increasingly complex and dynamic global scenario. Admission to this programme is through the highly competitive CAT examination that scores a candidate on the bases of Quantitative Ability (QA), Verbal Ability (VA) and Reading Comprehension (RC), Data Interpretation (DI) and Logical Reasoning (LR).[6]

A decade ago, IIMB started a one year full-time MBA programme (EPGP) for experienced candidates professionals, on the lines of global MBA programmes. The one year full-time MBA programme has climbed rapidly in global rankings and has catapulted IIM Bangalore to the position of a top 30 global B-school. Currently, the one year programme is ranked #27 amongst the top global full-time MBA programmes in the world, listed alongside MBA from top B-Schools like Harvard, Stanford, INSEAD and NUS. It is an intensive one-year residential programme created specifically for professionals with remarkable track records and 5 to 12 years of work experienced in a wide range of industries. The EPGP provides students with the same solid foundation in key management concepts and disciplines as a two-year MBA, with similar rigor, range of electives, and grading criteria and builds on the diverse work experience of the candidates. Admission to this programme is highly competitive and is based on globally followed norms of GMAT, essays and interviews. [7]

IIMB started its executive MBA programme in 1998 meant for working professional who wished to take up business education on a part time basis over the weekends. The Post Graduate Programme in Enterprise Management (PGPEM) is a two years part-time executive MBA programme of IIMB. The PGPEM is a weekend programme designed for working mid-level and senior executives with minimum of four years of work experience after graduation.[8]


Rankings

Institute rankings


The full-time One Year MBA programme (EPGP) is ranked #1 in India and #27 in the world amongst the top 100 Global MBA Programmes by the prestigious Financial Times Global MBA Ranking 2020[16] [17] IIMB is ranked among the top 5 business schools in Asia-Pacific by the Financial Times in the same ranking [18] The one year MBA of IIM Bangalore has also been ranked #2 in India,#8 in Asia and #44 in the world by QS Global MBA 2020 ranking.[19][20]

The full-time Two Year MBA programme (PGP) at IIMB is ranked #1 in India and #26 globally, amongst the top 100 Master's in Management programmes by the ‘QS Master in Management Ranking for 2020’. [18] The two year MBA,was ranked #19 in 2016 and #44 in 2019 by Financial Times in its Masters in Management Ranking.[21][22]

The part-time Weekend Executive MBA programme (PGPEM) is Ranked #1 in India and #12th in the Asia-pacific region the QS Executive MBA Rankings 2019.[23]

IIMB is ranked #1 among management schools by the National Institutional Ranking Framework (NIRF) 2019.[24] IIM Bangalore has also bagged the top spot in India in the QS University Rankings 2019, in the Business and Management Studies category by breaking into the global 51 to 100 range and into the top 15 in Asia.[18]

Eduniversal, Paris has ranked Indian Institute of Management Bangalore (IIMB) the top business school in Central Asia in 2019, and has conferred the 5 Palmes of Excellence award on the institute, which implies that the institute is a universal business school with strong global influence.[25][26]

IIMB also features in Positive Impact Rating 2020, a new rating for Business schools unveiled during the 2020 World Economic Forum meet at Davos. IIMB has been rated one among the top nine schools in the world which have a focus on sustainability and social impact, and features in ‘Transforming Schools’ category [27]

International Collaborations and Student exchange

IIM Bangalore has an extensive network of partner B-schools worldwide through which it conducts student exchange programmes. Students of the two year MBA 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.[28]

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.

International immersion programme

IIM Bangalore conducts an international immersion programme for the one year MBA candidates in the IVth term. The two week programme gives the one year students an opportunity to take courses in some of the leading universities in Asia and Europe. International Immersion module is designed to give students an opportunity to broaden learning and deepen knowledge about an increasingly globalized economic environment. Structured around a visit to an emerging economy such as China, Russia, Brazil and South Africa or a developed one in the Europe or in the Asian region like Singapore or South Korea, the module provides insights into the country’s economic, social, political and cultural life. [29]

Global Network for Advanced Management

Launched in 2012, the Global Network for Advanced Management includes 30 leading business schools from diverse regions, countries, cultures, and economies in different phases of development. IIMB is the only Indian management school to be a member of the Global Advanced Network for Management (GNAM). The GNAM provides students of partner schools access to select courses offered by other partner schools through use of digital technology, just as it offers the opportunity to faculty members to teach an international class comprising students from the member schools.[30]

Journal : IIMB Management Review (IMR)

IIMB Management Review (IMR) is a quarterly journal brought out by the Indian Institute of Management Bangalore. Addressed to management practitioners, researchers and academics, IMR aims to engage rigorously with practices, concepts and ideas in the field of management, with an emphasis on providing managerial insights, in a format that is accessible to a wide audience.[31]

Mentorship

IIM Bangalore successfully mentored IIM Trichy when it was established in 2011.[32] Currently it mentors IIM Visakhapatnam from its establishment in 2015. IIM Visakhapatnam operates from temporary campus inside Andhra University. It follows similar PGP program[33] with faculty[34] coming from IIM Bangalore.[35][36]

Campus

Main entrance to IIM Bangalore

The current campus is located at Bannerghatta Road in Bangalore and was designed by Pritzker prize winning architect B. V. Doshi in partnership with Joseph Allen Stein and Jai Rattan Bhalla. It was completed in 1983.[37] The campus occupying an area of over 100-acres is located in South Bangalore. IIMB campus design is admired for its unique all-stone architecture and lush woods. IIMB has planned to set up its second campus on the outskirts of the city near Jigani in Anekal.[38]

Architecture

One of the masterpieces designed by the famed architect, the inspiration for the design of IIMB was gardens and temples. Long corridors meander across lawns, and sunlight shines through pergolas into various parts of the building, creating a play of light and shadow.

The design of IIMB is a shining example of sustainable architecture and an eco friendly campus design with locally available granite being the primary building material.

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.[39]

Hostels and Sports Centre

Sports Centre

IIMB consists of 16 hostel blocks apart from one executive block and the executive accommodation at the Management Development Centre. 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 also available.[40]

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 Centre

The institute has a 24-hour Internet connectivity with 600+ PCs and workstations. The campus is also fully WiFi enabled.[41]

NSRCEL

Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL)

Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) was set up in 2002 to aid the entrepreneurial activities at IIMB. The centre acts as an incubator for new business ideas.[42] It is a vibrant ecosystem of industry experts, mentors, researchers, and academicians aimed at providing incubation to early-stage ventures across various stages, sectors, and scope.[43]

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.[44]

Academic Council

The Academic Council is an elected body that facilitates the management of the academic system at IIM Bangalore. The Council acts as an interface between students and faculty and is also responsible for elective bidding process for courses by assessing the academic needs of the student community .[45]

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.[46]


Events

IIMB celebrates the Foundation Day on 28 October.[47] The 46th foundation day lecture was given by architect B.V Doshi, who had designed the IIMB campus more than three decades ago.[48]

Eximius

Main article: Eximius
The amphitheatre where many of IIMB's festivals are celebrated.

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.[49]

Unmaad

Main article: 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,[50] KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull,[51] Indian Ocean.

Vista

Main article: Vista(IIMB Fest)

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 Devi Shetty, Mukesh Ambani, Prahlad Kakkar, Kumar Mangalam Birla, Kamal Haasan, Kiran Mazumdar Shaw, Gurucharan Das, Justice Santosh Hegde, Arun Shourie, Gul Panag, M J Akbar, Nandita Das, Narain Karthikeyan and Shobhaa De.[52]

Yamini

Main article: Yamini (music festival)

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.[53][54][55]

IIMBUE - IIMB Leadership Conclave

IIMB Leadership Conclave is an annual event that brings together globally renowned thinkers and achievers with IIMB alumni over a weekend of thought-provoking conversations.

The theme for 2018's event was – "Sensing the future".  Variety of renowned speakers talk about ways to develop a shared understanding of the tectonic changes we are experiencing geo-politically, economically, technologically and societally – and addressed complex leadership challenges for the future.[56]

Women Leadership Summit

Women Leadership Summit is organized every year in January by IIM Bangalore. It seeks to build gender-inclusive mind-sets among students, entrepreneurs, and corporates. The one-day event intends to create awareness through talks and workshops with prominent and inspiring personalities. The event has hosted eminent speakers including Vinita Bali, Malavika Harita, Sneha Priya, Lakshmi Ishwar, Wilma Rodrigues, Nirmala Sankaran, Neeta Revankar, Dr. Gita Sen, Gauri Jayaram, Sanjaya Sharma.[57][58][59]

Research

Research in IIM Bangalore is performed in research centres 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.[60]

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

Main article: List of IIM Bangalore 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.

The campus was the site for the shooting of the Bollywood film 3 Idiots directed by Rajkumar Hirani 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.[66]

Social activism

The students and faculty members of IIM, Bangalore have raised issues regarding business ethics and corporate responsibility. Activists led by Prof Deepak Malghan have protested the environmental degradation by a thermometer factory in Kodaikanal run by Hindustan Unilever, accusing it of dumping glass contaminated with mercury in municipal dumps, or selling for scrap instead of dealing with it as per international norms.[67] After protest by activists led by Dr Malghan, Hindustan Unilever admitted before court to being guilty in the case in 2010.[68][69] Dr Malghan wrote letter to IIM students urging them to dis-invite Hindustan Unilever during campus placement, which led to a raging controversy[70]

See also

References

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  70. ^ "IIM Bangalore Director issues censure note".
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