INDIAN INSTITUTE OF MANAGEMENT [CALCUTTA]

The Indian Institute of Management Calcutta 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 the article will discuss the key characteristics that distinguish the Indian Institute of Management.

Overview of the Indian Institute of Management

Indian Institute of Management, Calcutta, is one of the Top and oldest IIMs in the country. IIM Calcutta is renowned for pioneering education in the financial sector. Established in 1961, IIM Calcutta is ranked 3rd by NIRF 2022 and IIRF 2023. The Institute is also ranked 76th by FT Global MBA 2023 Rankings. IIM Calcutta is also known for its Flagship MBA program. IIM Calcutta placements 2023 has been concluded, with the top 25% of students receiving the average package of INR 50.86 LPA, whereas IIM Calcutta’s middlebox stood at INR 35.07 LPA. Admission to Flagship MBA Program at IIM Calcutta is based on CAT scores. The government of India established the Indian Institute of Management in Calcutta (IIMC) in November 1961 as the first national institute for postgraduate studies and research in management in collaboration with the Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation, and Indian industry. Several prominent faculty members, including Jagdish Sheth and J. K. Sengupta was part of its nucleus during its early years.

 IIMC has evolved into a mature institution with a global reputation for providing high-quality management education. Through its postgraduate and doctoral-level programs, executive training programs, research, and consulting activities, it has been a pioneer in professionalizing Indian management. Today, the institute is an autonomous body constantly evolving to meet its objectives in an ever-changing business environment.

 

Eligibility, courses & fees

IIM Calcutta charges INR 27 lakhs for its MBA program; the institute charged INR 23 lakhs the previous year. IIM Calcutta also offers an MBAEx, a Ph.D., and a variety of postgraduate programs.

 

MBA – Master in Business Administration

Fees – 27,00,000 INR

Eligibility – Graduated with a minimum of 50% or are in their final year of study.

Criteria of selection – Gender Diversity + Work Experience + Academic Scores + Personal

Interview + Writing Ability Test = CAT Scores

Duration – 2 years

 

Executive MBA – Master in Business Administration – Executive

Fees – 31,00,000 INR

Eligibility – Graduated with a 50% grade point average and five years of work experience.

Criteria of selection

– Work Experience + Academic Scores + Personal Interview + Statement of Purpose

+ Recommendation + GMAT Scores

Duration – 1 year

 

PGPEX-VLM – Postgraduate Program for executives for visionary leadership in manufacturing

Fees – 13,50,000

INR

Eligibility – Engineering

Graduate or Postgraduate with 4.5 Years of Work Experience

Criteria of selection

– GMAT Scores + Personal Interview + Writing Ability Test

Duration – 1 year

 

PGDBA – Post Graduate Diploma in business analytics

Fees – 24,00,000 INR

Eligibility – Students in their the final year of study or graduates or postgraduates with 60% marks

Criteria of selection – PGDBA Entrance Exam + Work Experience + Academic Scores + Personal Interview

Duration – 2 years

 

Ph.D. – Doctor of Philosophy

Eligibility – Graduate or Postgraduate

with a Minimum of 50% Marks OR

• CA with 50% Marks with B.Com Degree OR
• CS / CMA with 55% Marks with B.Com Degree OR
• B.Tech / 4 Years with 6.5 CGPA OR
• Students in their Final Year of Examination

Criteria of selection – CAT or GMAT or GRE or GATE or UGC-NET or UGC-JRF Score

Duration – 2 years 

 

Distinguishing Feature of IIMC

• They have air-conditioned, world-class amphitheater-style classrooms with Wi-Fi and computers, overhead projectors, screens, and a wireless public address system.
• Allow space for each group to conduct group studies, projects, and assignments. Each room will have a locker, printer, table, chairs, and Wi-Fi or LAN access.
• The dining hall offers vegetarian and non-vegetarian options.
• Subscriptions for indoor and outdoor games, recreation activities, and gymnasiums are available for you and your family.
• A lounge, gymnasium, snack counter, indoor games (caroms, chess), dance pit, and other amenities are available on the new campus’s Student Activity Block (SAB).
• Married Student Housing is home to many PGPX and FPM students (MSH). These students’ spouses have clubs, and many children are on campus. There are dedicated children’s play areas and a crèche on campus. For families who want to enroll their children in Ahmedabad while staying here, there are numerous good schools nearby.

Faculty and Academic Resources at IIMC

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

On February 24, 2023, the IIM Calcutta Placements 2023 were completed. The average package at IIM Calcutta was INR 35.07 LPA, the median package was INR 33.67 LPA, and the top 25% of students were offered an average package of INR 50.86 LPA. IIM Calcutta’s 58th MBA batch received 573 offers in total. The consulting sector received the most offers (232), followed by the finance sector (86).

In addition, the institute has completed the summer internship placement drive for 2024. Five hundred forty internship opportunities were made available to 470 students. The average monthly stipend was INR 2.59 lakhs, while the median monthly salary was INR 2 lakhs. Students worked primarily in finance and consulting.

One hundred ninety-two companies made 640 offers to 479 students during the 2022 placement drive, with the average CTC standing at INR 34.2 LPA and the median CTC standing at INR 31 LPA. The consulting domain received the most significant number of offers. The placement drive included top recruiters such as Amazon, Flipkart, Microsoft, and many others. One hundred seventy-two recruiters made 520 job offers to 467 students during the 2021 placement drive.

During IIM Calcutta MBA Placements 2022, the top 5% average salary was INR 64.99 LPA, the top 10% average salary was INR 57.40 LPA, the top 15% average salary was INR 54.43 LPA, the top 20% average salary was INR 51.31 LPA, the top 25% average salary was INR 48.39 LPA, and the top 50% average salary was INR 41.5 LPA.

IIRF and FT Global have released the Indian Institute of Management Calcutta (IIMC) Ranking 2023, and Outlook-ICARE, QS World Rankings, and NIRF have released the 2022 rankings. According to the most recent IIRF, NIRF, and Outlook reports, India’s ICARE IIM Calcutta is ranked third among the top management schools in the country. The FT Global MBA Rankings 2023 place the institute 76th. The Financial Times has ranked IIM Calcutta #44 in its Global MBA Ranking 2021, following IIM Ahmedabad at #61. According to the 2021 QS Global 200 MBA Rankings, IIM-C is ranked 79th worldwide.

Vision & Mission

Vision: To be an international leader in all aspects of management education.

 Mission: The institute aims to develop innovative and ethical future leaders capable of managing change and transformation in a globally competitive environment and advance management theory and practice.

Core Institutional Values: We will work hard to develop and maintain the following values as the foundation for all of our programs and activities:

Excellence, Academic Freedom, Commitment, Social Responsiveness, Creativity, Openness, and Diversity with Synergy