List of IIMs in India

We have all heard the word 'manage' in our daily lives, and we often use it when we have a full calendar of events that all occupy our time. As a result, we frequently discuss activity management. Thus, word management is not new to us, but it has a very scientific foundation when studied in depth. In an organization, management refers to the behaviour that is responsible for making decisions that define how human and physical resources are allocated.

So, in order to keep its business going forward, every organization has a structure, which is why it employs a variety of managers, ranging from the CEO to front-line supervisors. Moreover, when we go to the top, the number of managers decreases. Every organization's manager is expected to complete a set of activities in accordance with their positions, and the abilities needed to do so can be acquired through a degree in organizational management.

Some of the tasks that a manager should perform in any organization are as follows:

1) Planning - Planning entails creating a plan or blueprint ahead of time and then determining the strategies and resources required to put those plans into action.

2) Organizing - This comes after planning and implies allocating tasks and resources to each department within the organization in order to achieve a common goal.

3)Leading - This is the level of successful communication skills when it is necessary to encourage and energize people while guiding them toward a common objective.

4) Staffing - Without the requisite staff and employees, no organization can function. As a result, management must determine where and in which departments employees are required.

5) Controlling - Nothing will be accomplished unless a thorough examination and consideration are given at the conclusion of the task. A manager's controlling function includes evaluating what has been done and what could be done better in order to improve performance and set standards.

As we can see, a manager must execute a wide range of tasks, thus properly equipping and training employees about this course is also critical. Management is a popular subject of study for those seeking to enter the corporate sector in other countries. Masters in Management for example is popular in Europe as a two-year Masters programme in management studies. In fact, for individuals who do not choose to pursue an MBA, an international master's degree in management is an alternate course.

Foundation and Evolution of IIMs in India

The Indian Institutes of Management or popularly known as IIMs are one of the top management education and research institutes in India that offer undergraduate, postgraduate, doctorate, and executive programmes, as well as some extra business administration courses. On the proposal of the Planning Commission of India, Jawaharlal Nehru, India's first prime minister, began the establishment of IIMs.

Following India's independence, the Planning Commission was tasked with overseeing and directing the country's growth. In the 1950s, India grew rapidly, and the Commission began to have trouble recruiting qualified managers for the enormous number of public sector firms that were being founded in India as part of its industrial programme. Based on the recommendations of UCLA Professor George Robbins, the Indian government built two top management institutes known as Indian Institutes of Management. The two new institutes were to be located in Calcutta and Ahmedabad, respectively.

Calcutta's Indian Institute of Management Calcutta, or IIM Calcutta, was the first to open its doors on November 13, 1961. The Indian Institute of Management Ahmedabad was founded in Ahmedabad in which Harvard Business School was instrumental in the early phases of its foundation.

The success of the two existing IIMs prompted a committee led by Ravi J. Matthai to advocate the establishment of two more IIMs in 1972. The next year, a new IIM was founded in Bangalore (IIM Bangalore) based on the committee's suggestion. It was originally intended to cater only to the demands of public sector firms. The first IIM Review Committee (1981) noticed that the three IIMs were producing approximately 400 PGP graduates each year and had reached their maximum capacity. It suggested that two more IIMs be opened to accommodate the growing need for management professionals. It also suggested that Fellowship programmes, akin to PhD programmes, be expanded to address the rising demand for faculty in India's management schools. On the committee's recommendation, the fourth IIM, IIM Lucknow, was founded in 1984.

In 1996, the fifth and sixth IIMs were founded in Kozhikode and Indore, respectively and IIM Shillong was founded as the seventh IIM in 2007. Since 2007, fourteen additional IIMs have opened, taking the total number to twenty. The most recent, IIM-Jammu, opened in 2016.  Later on, The Lok Sabha passed the IIM bill on July 28, 2017, and the Rajya Sabha passed it on December 19, 2017 conferring IIMs as Institute of National Importance. On December 31, 2017, the IIM bill became law after getting presidential assent.

List of IIMs in India

There are 20 IIMs in India, with the majority of them offering post-graduate, PhD, and executive programmes. Each of the IIMs is a recognised society overseen by its own Board of Governors.

IIMs take the Common Admission Test, or CAT, for admission to their MBA or managerial programmes usually held in November every year. However, the CAT is often considered one of the most challenging entrance exams and Passing the CAT exam is the first step in gaining admission to one of the top IIMs. IIMs assess applicants for the PI/WAT/GD round, which is the second part of the admission procedure, based on CAT scores. The aspirant's profile—such as Composite CAT Score, past academic performance, professional experience, and performance in WAT/GD/PI—is assessed in the second step, following which each IIM releases its own final IIM admission lists.

Following is the list of IIMs in India along with their 2021 NIRF rankings. National Institutional Ranking Framework (NIRF) lays out a mechanism for ranking colleges and universities across the country.

1. IIM Calcutta

In November 1961, the Government of India formed the Indian Institute of Management Calcutta (IIMC) as the first national institute for Post Graduate Studies and Research in Management in collaboration with the Alfred P. Sloan School of Management (MIT), the Government of West Bengal and others. Several important faculty members, like Jagdish Sheth and J. K. Sengupta, were part of the nucleus in the early years.

IIMC has evolved into a mature school with a global reputation for providing high-quality management education over the years.

Courses offered:

• MBA
• PGP
• MBAEX
• PGPEX
• Executive Education
• PGPEX-VLM
• CEMS MIM
• PGDBA
• PhD

NIRF Ranking 2021 - 3

2. IIM Ahmedabad

Founded in 1961 in Ahmedabad, Gujarat, IIM Ahmedabad was instituted with the active backing of the Indian government, the Gujarat government, Harvard Business School, and major Indian business leaders. Vikram Sarabhai, a scientist, and Kasturbhai Lalbhai, a businessman, both from Ahmedabad, were instrumental in establishing the institute.

In 2017, the Ministry of Human Resources of the Government of India designated the institution as an Institute of National Importance. IIM Ahmedabad has now established itself in all key sectors of management education by providing a variety of postgraduate programmes (PGP) and doctoral programmes in management (FPM) to meet the needs of various segments. In addition, the Institute conducts research and offers consultancy services.

Courses offered:

• MBA
• MBA-FABM
• MBA-PGPX
• PGP
• ePGP
• PhD

NIRF Ranking 2021 - 1

3. IIM Bangalore

Established in 1973, IIM Bangalore was the third IIM to open its doors following IIM Calcutta and IIM Ahmedabad. The Institute in Bangalore was created specifically to serve the interests of public sector organisations. The Karnataka government provided 100 acres (40 ha) of free land and a payment of $3 million (US$40,000) for the projected institute. IIM-B is Asia's most prestigious graduate management school as of today.

Courses offered:

• MBA
• MBA (BA)
• PGP
• PGPPM
• EGMP
• PGPEM
• PhD

NIRF Ranking 2021 - 2

4. IIM Lucknow

After IIM Calcutta, IIM Ahmedabad, and IIM Bangalore, the IIM Lucknow is the fourth in the famous IIM family of management schools of India.

Since its establishment in 1984, IIML has had a direct or indirect impact on millions of lives through its faculty, graduates, and support staff. IIML develops value-driven leaders, managers, and global participants in its students. The institute engages in a variety of academic activities focused on developing, disseminating, and applying management knowledge and practice.

IIM Lucknow extended its sphere of influence in the field of management education in 2005 when it became the first IIM to open a satellite campus dedicated only to Executive Education in NOIDA, Delhi NCR.

Courses offered:

• PGP
• PGP-ABM
• PGP-SM
• PGPWE (WMP)
• IPMX
• FPM
• EFPM
• PhD

NIRF Ranking 2021 - 7

5. IIM Indore

Established in 1996, IIM Indore has long been a leader in management education, collaborating with industry, government, and public sector organizations. IIM Indore boasts the most up-to-date teaching aids, a wealth of learning materials, a robust IT infrastructure, a state-of-the-art sports complex and dorms, and modern infrastructure.

Courses offered:

• PGP
• EPGP
• IPM
• PGP-HRM
• FPM
• EFPM
• EFPMG
• PGPMX
• Certificate programmes in business management for military personnel

NIRF Ranking 2021 - 6

6. IIM Kozhikode

In 1997, IIM Kozhikode was established by the Government of India in collaboration with the State Government of Kerala. Located on two hillocks in the Kunnamangalam Area of the old city of Calicut in Kerala, IIM-K spans 112.5 acres.

Courses offered:

• PGP
• PGP-Finance
• PGP-LSM
• PGP-BL
• MBA
• EPGP
• MDP
• FDP
• PhD

NIRF Ranking 2021 - 4

7. IIM Shillong

The Government of India established the Indian Institute of Management, Shillong, in the state of Meghalaya in 2008. The school, which is nestled among the hills, provides a peaceful atmosphere.

It was the eighth Indian Institute of Management that opened its doors with the goal of expanding and mobilising facilities in North East India to provide high-quality management education and research. 

Courses offered:

• PGP
• PGP (Working Executive)
• PGP Ex (MBEE)
• PhD
• PhD (Working Professionals)

NIRF Ranking 2021 - 23

8. IIM Rohtak

The eighth Institute of Management, IIM Rohtak was established in 2010 by the Government of India as part of the 11th Five-Year Plan to be one of the six new IIMs.

Courses offered:

• PGP
• IPM (Integrated Programme)
• Fellow Programme in Management
• EPGDSM
• PhD

NIRF Ranking 2021 - 28

9. IIM Ranchi

The Indian Institute of Management Ranchi was founded in 2009 with the support of the IIM Calcutta and the Jharkhand State Government and is overseen by the Ministry of Education of India. Located in Ranchi, Jharkhand, IIM-R is the ninth institute in the family of IIMs.

IIM Ranchi aspires to produce effective managers and business leaders, and it works hard to ensure that its students gain the skills they need to succeed in any firm. Equal emphasis is placed on instilling in kids the necessary principles and attitudes to assist them to navigate through times of adversity and instability.

Courses offered:

• MBA
• Executive MBA
• MBA-HR
• MBA-Business Analytics
• PhD
• Executive PhD
• FDP
• IPM

NIRF Ranking 2021 - 21 

10. IIM Raipur

IIM Raipur was founded by the Indian government in 2010 as the tenth Indian Institute of Management and is now an autonomous business school. Located in Raipur, Chhattisgarh, IIM Raipur is an institution of national importance.

Courses offered:

• PGP
• ePGP
• EFPM
• PGPMWE
• PhD

NIRF Ranking 2021 - 15

11. IIM Tiruchirapalli

Established in 2011 in Tiruchirapalli, Tamil Nadu, IIM-Trichy is the eleventh IIM. The PGPM/ MBA programme is IIM Trichy's flagship programme, although the institute also provides PGPM-HR, E-PGP, FPM, and EFPM.

Courses offered:

• DPM
• PGPM
• E-FPM
• PGPBM (Chennai)
• PGPM-HR

NIRF Ranking 2021 - 17

12. IIM Kashipur

The Indian Institute of Management Kashipur was founded in 2011 by the Indian government as a second-generation IIM. Located in Udham Singh Nagar, Kashipur, Uttarakhand, IIM-Kashipur spans 200 acres.

By employing new teaching techniques, encouraging high-quality research, and practising sustainable leadership, the institute seeks to attain excellence in management education. IIM Kashipur is evolving into an eminent institute that promotes management research and education while also grooming professionals to make a good societal impact in a changing world.

Courses offered:

• MBA
• MBA Analytics
• PGP
• FPM
• MDP
• EFPM
• EPGPM
• PhD

NIRF Ranking 2021 - 33

13. IIM Udaipur

IIM Udaipur is the world's youngest institute to be included in the FT Master in Management Ranking 2019. IIMU, which first opened its doors in 2011, is located in the scenic city of Udaipur, Rajasthan, and spans 300 acres. Udaipur provides the appropriate backdrop of legacy and history for this institute to build a name for itself in the region's management education.

Courses offered:

• MBA
• PGD in Business Administration
• Fellow Program in Management MDP for Women
• PhD

NIRF Ranking 2021 - 18

14. IIM Nagpur

Established in 2015 in Nagpur, Maharashtra, IIM-Nagpur was the first of the six new-generation IIMs founded by the Indian government. The institute is now housed on the VNIT Nagpur campus, but will shortly relocate to a new campus in Mihan, Nagpur. The MHRD and AICTE have authorised IIM Nagpur, and it is certified by AACSB.

Courses offered:

• MBA
• MBA-WP
• PGP
• PhD

NIRF Ranking 2021 - 40

15. IIM Amritsar

The Indian Institute of Management, Amritsar, is the 15th IIM established by the Ministry of Education in 2015 with the cooperation of the Punjab Government. It is mentored by IIM Kozhikode.

The institute is dedicated to instilling solid educational foundations and principles in future managers' hearts, minds, and deeds.

Courses offered:

• MBA
• MBA-BA
• MBA-HR
• Executive MBA
• PhD

NIRF Ranking 2021 - 67

16. IIM Bodh Gaya

One of India's third-generation IIMs, IIM Bodh Gaya is the 16^th IIM founded in 2015 in Bodh Gaya, Bihar.

The institute's curriculum is quite dynamic, focusing not just on academics but also on giving many opportunities for students to gain industrial experience. For the complete development of students from varied backgrounds, IIMBG seeks to deliver the finest form of learning through a curriculum that combines traditional classroom teaching methods.

Courses offered:

• MBA
• IPM
• PhD (FPM)

NIRF Ranking 2021 - 76-100

17. IIM Sambalpur

IIM Sambalpur is one of the country's newest IIMs established in 2015 in Sambalpur, Odisha. This institute's current campus is located in Jyoti Vihar, Burla, Sambalpur, Odisha. However, its permanent campus would be in Basantpur.

Courses offered:

• MBA
• Executive MBA
• PhD
• Executive PhD
• MDP

NIRF Ranking 2021 - 61

18. IIM Visakhapatnam

Instituted in 2015 by the Ministry of Education, IIM Visakhapatnam is designated as an Institution of National Importance. The institute is currently operating from a temporary campus at Andhra University's "Andhra Bank School of Business Building" and is soon going to shift to its permanent campus to a new site in 2022. 

Courses offered:

• PGP
• PGPDGM
• PGPEx
• PhD

NIRF Ranking 2021 - 76-100

19. IIM Sirmaur

IIM Sirmaur, which was founded in 2015 and is mentored by IIM Lucknow, is the 19^th school among the 20 IIMs in India. IIM Sirmaur is now operating from a temporary campus at the Himachal Institute of Technology in Paonta Sahib, Himachal Pradesh's Sirmaur district. Its permanent campus is being built on a plot of land along the Ambala-Dehradun National Highway.

IIM Sirmaur aspires to provide high-quality management education, training, and research in a supportive atmosphere, with an emphasis on indigenous areas and creative methods, in order to educate tomorrow's sensitive corporate leaders and entrepreneurs.

Courses offered:

• MBA
• MBA (T&HM)
• PhD (FPM)

NIRF Ranking 2021 - 76-100

20. IIM Jammu

IIM Jammu, the newest member of the IIM family, was founded in Jammu and Kashmir by the Indian government in 2016 as the 20^th IIM in India.

Courses offered:

• MBA
• IPM
• Executive MBA
• MDP
• PhD

NIRF Ranking 2021 - 76-100

Conclusion

The significance of a management degree originates from the fact that management courses are an excellent medium for improving numerous professional skills such as leadership and entrepreneurship, and the brand value of IIM has grown steadily since its establishment because the institute provides us with a strong theoretical understanding of the business world.

A management degree enables a manager to comprehend every part of the organization, as well as the various decisions made at each management level.

Management studies programs are crucial because it is simpler to fail than thrive without the abilities required to compete with competitors and deal with dynamic environments. This ensures that managers are capable of making the best business decisions in times of emergency and uncertainty, or even better foresee future problems, which is why the IIM is a cauldron of experts in their fields, and interaction with the brightest minds who are now aspiring MBAs improves and broadens the learning experience at an IIM.

Businesses demand proper leadership in a failing economy or they will most likely fail in their operations. There would be few top managers capable of conducting a business in today's continuously shifting economy without management courses since, as they say, there is no alternative for hands-on experience. The majority of prospective MBA's are gradually realizing this, as evidenced by the fact that the percentage of individuals with job experience obtaining MBA degrees has continuously increased over the years. Managerial skills are beneficial not just at work, but also in daily lives. Management studies assist managers in not just dealing with changes in the corporate environment, but also in manipulating these changes to benefit the company.