INDIAN INSTITUTE OF MANAGEMENT [AHEMDABAD]
What makes the Indian Institute of Management stand out from other Business Schools?
The Indian Institute of Management is India’s most prestigious business school. It is well-known for its outstanding faculty, high-quality education, concentrated learning, commitment to excellence, and innovative educational approach. But what distinguishes it from other business schools?
This article will discuss the key characteristics that distinguish the Indian Institute of Management.
Overview of the Indian Institute of Management
IIM Ahmedabad, established in 1961, is the second-oldest IIM and is consistently ranked as India’s best business school. IIM Ahmedabad is well-known for its top-ranked 2-year PGP (MBA) program, which accepts applicants via the CAT. For shortlisting, IIM Ahmedabad’s CAT cutoff remains around the 80 percentile, and students with scores above the 99 percentile have a good chance of getting an interview call. IIM Ahmedabad is well-known for its excellent placements in consulting and finance.
The MBA fees at IIM Ahmedabad are INR 24.61 lakhs, while the average package at IIM Ahmedabad is INR 32.79 lakhs per year, and the highest box is INR 1.15 lakhs per year for the 2022 batch, indicating a very high ROI.
Recognizing the development needs of newly independent India, a group of ambitious industrialists and radical educators persuaded the Planning Commission to approve a new type of school to train expert managers. It would have a distinct pedagogy and would concentrate on real-world issues. This was the start of the IIMA.
IIMA is more than a university; it is a community where people of various cultures and nationalities live, work, and play, united by their similarities and enriched by their differences.
The Institute focuses on –
We promote excellence in scholarship by encouraging high-quality research, distinctive and practical teaching, and meaningful contribution to knowledge creation in various disciplines.
We are educating and nurturing leaders of institutions and entrepreneurial organizations and supporting them to create high-quality talent and value.
Impacting the world of policy and practice through continuous engagement with alums and prominent stakeholders, decision-makers, and leaders in government, businesses, and non-governmental enterprises.
Eligibility, courses & fees
IIM Ahmedabad offers more than 20 courses, the most popular of which are the 2-year full-time PGP, 1-year PGPX, and 2-year EPGP. Aside from these, IIM Ahmedabad offers ePGD, ABA, Ph.D., and FDP programs.
PGP/PGP-FABM –
Fees – INR 24.61 Lakhs for 2 Years
Capacity: 450
Eligibility: Bachelor’s Degree with a minimum of 50% marks OR Students in their Final Year of Graduation
Criteria: CAT scores plus AWT plus PI
PGPX –
Fees – For one year, INR 31.5 lakhs
Capacity: 140
Eligibility: A bachelor’s degree in a relevant discipline and four years of work experience are required.
Criteria: GMAT or GRE scores plus PI are required.
EPGP –
Fees – INR 20 Lakhs per year for two years
Eligibility- Bachelor’s Degree, CA, CS/ICWA, or Working Professionals and Entrepreneurs with three years of Full-Time Work Experience
Criteria – CAT, GMAT, GRE, and IAT scores and a PI.
Distinguishing Feature of IIMA
World-class, state-of-the-art air-conditioned amphitheater-style classrooms with Wi-Fi and computers, overhead projectors, screens, and a wireless public address system.
Make room for each study group for group studies, projects, and assignments. Each room will include a locker, printer, table, chairs, and Wi-Fi or LAN access.
The dining hall serves both vegetarian and non-vegetarian meals.
Subscriptions are available for indoor and outdoor games, recreation activities, and gymnasiums for you and your family.
The new campus has a Student Activity Block (SAB) with amenities such as a lounge, gymnasium, snack counter, indoor games (caroms, chess), dance pit, etc.
Many PGPX and FPM students live on campus in Married Student Housing (MSH). These students’ spouses have clubs, and many kids are on campus. On campus, there are dedicated children’s play areas and a crèche. There are numerous good schools nearby for families who want to enroll their children in Ahmedabad while staying here.
On campus, a dispensary with resident doctors, including a gynecologist.
A State Bank of India branch has an ATM and an Axis Bank ATM.
On campus, there are several food cafes.
Parking is available. You can bring your vehicle to campus if you enjoy driving around the city or region during your breaks.
Faculty and Academic Resources at IIMA
IIMA’s faculty consists of distinguished business educators with extensive knowledge and expertise in business and management studies from prestigious institutions such as IIM.
The college strives to create an intellectually stimulating environment emphasizing experiential learning, holistic development, practice-oriented teaching, and research.
Furthermore, to prepare students for business success, IIMA provides various activities outside traditional classroom learning, such as seminars, workshops, industrial visits, and interactive sessions with eminent businesspeople. The School of Management is one of the best institutions for those interested in a career in business and management, with experienced faculty and a curriculum designed to complement industry trends.
Faculty members are accomplished and qualified professionals from prestigious institutes and industries such as IIM, IIT, NIT, and XLRI.
Placement & Rankings
The cluster’s three placements included companies from eight cohorts (BFSI, Analytics & Consulting, Consumer Tech, Enterprise Tech, Core Manufacturing & Infrastructure, EdTech, Government Enterprise, and Logistics). TCS made the most offers in the Consulting & Analytics cohort, with 15 bids. PGP and FABM placements at IIM Ahmedabad have also been completed for 2023. During the hybrid placement process, 47 students were placed, and they will begin working for the companies from April to June 2023.
On February 17, 2023, IIM Ahmedabad completed Cluster 2 of the 2023 placement drive. The five cohorts were conglomerates, consumer goods and durables, consumer services, pharmaceuticals, healthcare, and retail B2B and B2C. The conglomerate cohort received the most offers, followed by the consumer goods and durables cohort. During Cluster 2, Esaar Group emerged as the top recruiter. Other recruiters who took part included Asian Paints, Wipro, Adani Group, Aditya Birla Group, and others. Cluster 3 will take place on February 20, 2023.
As of February 15, 2023, the Institute had completed Cluster 1 of the 2023 placement drive. Investment banking and markets, management consulting, niche consulting, cards and financial advisory, private equity, venue capital, and asset management comprised the first cluster’s five cohorts. About 50 recruiters took part in the placement drive’s first day. The top recruiters were consulting firms McKinsey and Boston Consulting Group. McKinsey made 18 job offers.
IIM Ahmedabad has completed summer internship placements for the 2022-24 PGP batch. In Phase 1, 60 firms participated. The Boston Consulting Group had the most job offers, with 28. With 23 bids, Bain and Company came in second. Cluster 1 requests from abroad have increased by 50% at IIM Ahmedabad in the last year. Approximately 50 companies participated in Phase 2 of the placement drive, with Adani Group coming out with 16 offers. In Phase 3, 35 companies competed, with TCS coming out with 11 recommendations.
Previously, the highest international salary in the 2022 placement drive was INR 1.14 CPA, and the highest domestic salary was INR 75.2 LPA. The average package increased by 21% to INR 36.2 LPA. One hundred twenty-one students participated in the placement drive and received 172 job offers. The IT and healthcare industries received the most offers. This year’s placement process included 20 new recruiters.
The NIRF 2022 and IIRF Rankings 2023 ranked the Institute first among government B-schools, and the FT Global MBA Ranking 2023 ranked it 51st. For the second year, the PGPX program ranked first in the FT Global MBA rankings for career progression in 2023. In the Outlook ICare MBA Ranking 2022, IIM Ahmedabad was also ranked first in the management category. The QS World Global Ranking 2022 placed the institute 46th.
