Indian Institute of Management Ahmedabad (IIM Ahmedabad or IIM-A), is a public business school located in Ahmedabad, Gujarat, India. The school has been accorded the status of a Institute of National Importance by Ministry of Human Resources, Government of India.
Established in 1961, the institute offers master's degree programmes in management and agri-business management, a fellowship programme and a number of executive training programmes.
The Institute's founding director was Ravi J. Matthai. Other notable founding figures were the Indian physicist Vikram Sarabhai and Indian businessman Kasturbhai Lalbhai.
The institute launched the IIM Ahmedabad Endowment Fund in June 2020 to "make a larger impact in the field of education, entrepreneurial leadership, management practice and public policy".
History of IIM Ahmedabad
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 businessmen also played a major role in its creation.
Campus of IIM Ahmedabad
The IIMA campus is situated across 102 acres in Vastrapur, Ahmedabad. The campus houses the academic blocks, faculty offices, student and faculty accommodation, the Vikram Sarabhai Library, the R.J. Matthai 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.
Academics of IIM Ahmedabad
IIM Ahmedabad offers master's degree in management as per the approval of the Indian Institute of Management Bill, 2017. The two-year full-time residential programme (MBA-PGP) and the one-year full-time residential programme for experienced professionals (MBA-PGPX) are the two programmes under which students are awarded a degree of Master of Business Administration (MBA). Additionally, IIM Ahmedabad, under the ePost Graduate Programme (ePGP) in Management., also offers a hybrid management programme.
IIM Ahmedabad also offers doctoral level fellowship programmes. The institute conducts a number of executive education and faculty development programmes. Recently the institute announced its PGP in advanced business analytics scheduled to start from the academic year 2020.
Exchange Programmes
IIMA has affiliations with 78 leading business schools across the world. In 2015–16, 140 students from IIMA spent a semester at affiliate business schools across North America, Europe, Africa, Australia, and the Asia Pacific region, while 87 students from foreign colleges spent a semester at IIMA for the same period.
The Institute has a Dual Degree and one term exchange programmes arrangement with a few business schools such as HEC Paris, Bocconi University, EDHEC Business school, University of Louvain, ESSEC Business School in Paris, University of Cologne, ESCP Europe and Emlyon Business School.
Some of the students going on exchange receive scholarships from the Institute, DAAD Germany, the French Government and participating schools.
Admission in IIMA
IIMA offers different academic programs and has admission processes and eligibility respectively. The IIMA admission process is based on the course candidate opt for. CAT score is the basic exam to apply for admission in all of the academic programs. apart from that, they accept applications from other entrance exams like GRE, GMAT, GATE, UGC-JRF & ICAR-SRF . The next major aspect for admission is the category (GEN & EWS, NC & OBC, SC, ST, PWD & PWD(ST) ), Total seats are further divided into the category where IIM accept admission on the category basis. Good academic record and percentage score is another major aspect.
IIM also conducts its analytics writing test and personal interview (AWT & PI) in Ahmedabad, Banglore, Hyderabad, Kolkata, & New Delhi cities of selected candidates. Seats in IIMA are reserved, based on government instruction 27% of seats are reserved for NC-OBC, 15% for SC, 7.5% for ST candidates, 5% for Persons with Benchmark Disabilities (PwD), and up to 10% for Economically Weaker Sections (EWS).
Research Centers of IIMA
The university has the following sector or mission oriented centers which are staffed by faculty members:
- Centre for Innovation, Incubation & Entrepreneurship (CIIE) – It was originally set up in 2012 as a research institution, with a grant pool from Government of Gujarat, the Department of Science and Technology (DST) and IIMA. It now operates as a section 8 non profit company under Companies Act 2013. The centre supports 40–60 ventures every year through its accelerator programmes, incubation spaces and seed investment programme. The centre has about 20,000 sq ft of incubation space in Ahmedabad, 30,000 sq ft in Pune and is in the process of setting up another one in Pune spread over 10,000 sq ft. The center also has a Young IIMAvericks Fellowship/Internship Programme for batch of graduating students who decide to take the route of entrepreneurship.
- In 2015, CIIE was invited to co-host the first India-US Startup Konnect in the Silicon Valley to showcase the strengths of India's startup ecosystem.
- In 2017, Securities and Exchange Board of India gave approval to Bharat Innovation Fund to operate as a Venture Capital Fund and also secured Category – I Venture Capital Fund status.
- India Gold Policy Centre
- Centre for e-Governance
- Centre for Infrastructure Policy and Regulation
- Centre for Management of Health Services
- Centre for Retailing
- IIMA-Idea Telecom Centre of Excellence
Schools of IIMA
JSW School of Public Policy - Set up with financial contribution from JSW Steel Ltd worth Rs. 50 crore, the school is engaged in research on policy formulation and design, policy choice, and policy impact.
Ranking of IIMA
Worldwide, the Financial Times has ranked IIM Ahmedabad 21 in its Masters in Management Ranking 2019 and 61 in its Global MBA Ranking 2020. The QS Global 250 MBA Rankings 2020 ranked it 40 in the world[35] and 6th in Asia. It was ranked 75 by The Economist in its 2019 Full-time B-school ranking, the only institute in India to be ranked.
Since 2016, IIM Ahmedabad has topped NIRF's (National Institutional Ranking Framework) ranking list twice alternating with IIM Bangalore. In 2020, IIM Ahmedabad was ranked 1st among management schools in India by the National Institutional Ranking Framework.
It was ranked second in India by Outlook India's "Top Public MBA Institutions In India" survey of 2020.
Placements of IIM Ahmedabad
The placement process at IIM Ahmedabad is a student-driven process that institutionalizes placements for the entire batch.
The Placement Committee elected by the students liaisons between the Institute administration, students and recruiters. Placements for the PGP and PGP-FABM courses are characterized by two phases – summer placements for the first-year batch and final placements for the graduating batch.
The summers process is conducted in Nov/Dec for the first yearites. The second year placement committee handles the process for them. The placement process for the graduating is conducted in two stages. The first is the laterals process in January where firms interview students with prior work experience and offer them mid-level managerial positions.
The second stage is the final placement process in around February. This process is handled by the newly elected committee among the PGP1s to avoid any conflict of interest and ensure a fair process. Companies from multiple sectors across different geographies hire candidates for a wide range of functions.
Impact of IIMA
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 a 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 Chhattisgarh, 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. A 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 IIMA campus.
People IIM Ahmedabad
Notable 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. IIM-A alumni have garnered 8 Padma Awards – 4 Padma Bhushan awards (K. V. Kamath, CK Prahalad, Mallika Sarabhai and M. S. Banga) and 4 Padma Shri awards (Kiran Karnik, Kailasam Raghavendra Rao, S. P. Kothari and Sanjeev Bikhchandani). Other notable alumni are Raghuram Rajan, Arvind Subramanian, Harsha Bhogle, Rashmi Bansal, Chetan Bhagat, Ajaypal Singh Banga, Ivan Menezes, Deep Kalra, and Shikha Sharma.
Notable faculty
Past and present faculty at IIM Ahmedabad include three former Governors of the Reserve Bank of India – C. Rangarajan (1968–1982), former Director I. G. Patel (1996–2001), and Y. Venugopal Reddy (current Professor of Practice). Other notable faculty over the years have been:
- Late C. K. Prahalad, famous management thinker, exponent of Core competency and Fortune at the Bottom of the Pyramid.
- Ravi J. Matthai, first full-time Director, management educationist noted for establishing Institute of Rural Management Anand
- Bakul Harshadrai Dholakia, Padma Shri awardee, Director (2002–2007)
- Samuel Paul, Padma Shri awardee, IIMA's second director (1972–78)
- Vijay Govindarajan, a New York Times & Wall Street Journal best-selling author, Thinkers50 Hall of Fame 2019 & Coxe Distinguished
- Professor, Tuck School of Business.
- Anil Kumar Gupta was a professor who was awarded Padma Shri for his contributions to management education.
- Pankaj Chandra, former Director, Indian Institute of Management
- Bangalore and current Vice Chancellor, Ahmedabad University.
- G. Raghuram, Director, Indian Institute of Management Bangalore
- Shekhar Chaudhuri, former Director, Indian Institute of Management Calcutta
- Abhishek Mishra was a faculty member for six years, before leaving to become a member of Samajwadi Party and an elected MLA of Uttar Pradesh.
- Other notable faculty include prominent scholars such as Marti G. Subrahmanyam, MN Vora, Ashish Nanda, and T. V. Rao, among others.
Others
N. R. Narayana Murthy, Indian IT industrialist and the co-founder of Infosys, got his first job as chief systems programmer at IIM Ahmedabad.