School Profile
Indian Institute of Management
School Overview
About IIM Bangalore
A 100-acre oasis in south Bangalore, the Indian Institute of Management Bangalore (IIMB), with its all-stone architecture, lush verdant woods and landscaped gardens, provides an idyllic environment to engage in management studies, academics and learning. IIMB has world-class infrastructure that facilitates excellence in teaching, research, consulting and other professional activities.
Located in India’s high technology capital, IIMB is in close proximity to some of the leading corporate houses in the country, ranging from information technology to consumer product companies, giving it the added advantage of integrating classroom knowledge with practical experience.
Established in 1973, the Institute has since then built on its base of highly accomplished faculty, world-class infrastructure and motivated student body to emerge as one of the premier institutes for management education and research, promoting managerial excellence in the country. IIMB strives to achieve excellence through partnerships with industry, and leading academic institutions, the world over. IIMB’s vision is to be a global, renowned academic institution, fostering excellence in management, innovation, and entrepreneurship for business, government and society. IIMB’s mission: ‘’We nurture leaders and entrepreneurs by imparting holistic, and innovative education that is transformative. We create impact through thought leadership.’’
The long-duration post graduate programmes of the Institute comprise the Post Graduate Programme in Management (PGP); the Post Graduate Programme in Enterprise Management (PGPEM); the Post Graduate Programme in Public Policy and Management (PGPPM); the one year full-time Executive Post Graduate Programme in Management (EPGP), and the Fellow Programme in Management (FPM), which is a doctoral programme. All these programmes are very highly rated and IIMB alumni occupy senior managerial and academic positions around the world.
Our efforts for strengthening our research and teaching have paid handsome dividends by enhancing our international reputation. Our PGP, Executive PGP and Executive Education Programmes are all very highly placed in global rankings by the Financial Times, UK; QS World University Rankings, USA; and Eduniversal, Paris.
IIMB was re-accredited by the EFMD Quality Improvement System (EQUIS) for a further period of five years in 2016. The five-year accreditation, highest that EQUIS confers, is a testimony to the fact that the evaluating team was confident about IIMB’s ability to sustain its efforts undertaken to achieve excellent standards in education, internationalization and research. EQUIS is a global school accreditation system run by the European Foundation for Management Development (EFMD) that specializes in higher education institutions of management and business administration. The fundamental objective of EQUIS, linked to the mission of EFMD, is to raise the standard of management education worldwide.
In 2018, IIMB has been ranked in the top 25 globally in the QS World University Ranking, for Masters in Management. IIMB’s Executive Post Graduate Programme in Management (EPGP) is ranked among the Top 35 by the Financial Times Global MBA Rankings 2018. IIMB is ranked No 2 in the NIRF 2018 List of Management schools in India by the Ministry of Human Resources Development. In 2017, IIMB has been ranked in the top 5 in Asia-Pacific and top 30 globally in the Financial Times Masters in Management Rankings. In 2017, IIMB is ranked the best business school in Central Asia by Eduniversal, Paris. IIMB also received the 'Asia Pacific HRM Congress Awards 2017' Award for being an Organization with Innovative HR Practices, in September 2017.
IIMB has always been a hub of innovative activity and is always on the lookout for opportunities to collaborate with the industry as well as other academic institutions the world over. The N.S. Raghavan Centre for Entrepreneurial Learning is a catalyst for entrepreneurial activity and a well-known incubation centre for early start-up ventures.
A feature that sets apart IIMB from other B-schools is the carefully selected mix of students so that students can leverage from each other’s experience in addition to theoretical studies in the classroom, thereby creating a truly enriching learning experience.
IIMB also has a large Student Exchange Programme with several partner universities across North America, Europe and Australia. As the global business scenario gets increasingly complex and dynamic, IIMB prepares students to manage and lead in such dynamic business situations by providing a diverse and challenging environment where they can learn, grow and emerge, ready to lead and inspire.
School History
History of IIM Bangalore
Two institutes of management were started by the Government of India - one in Ahmedabad and another in Calcutta. The Government of Karnataka was keen that a similar institution should be started in Bangalore.
The first two Institutes were based on models in the US and fulfilled the need for trained managers, mainly in the private sector. Persons trained in IIMA and IIMC could not, for various reasons, be taken into the public sector institutions. One of the main reasons was the low scale of remuneration in the public sector, compared with the private sector, especially in multinational organizations. This, even though at one time, the public sector was to be in the commanding heights of the economy. A number of public sector institutions were started and large investments made both by the central and state governments, respectively.
It was, therefore, felt that the institute to be set up in Bangalore should be developed in such a manner as to prepare competent persons for fulfilling the needs of the public sector. The institutions that were kept in mind were bodies like electricity boards, water supply boards and HMT, ITI, BEML, road transport, corporations, municipal corporations, and the like. Considerable investments had been made in such sectors too and they also wanted competent people to manage the affairs.
So, the idea was to offer management courses in the proposed Institute at Bangalore to bright young people, who were expected to occupy important managerial positions in the public sector. The matter was discussed in various ad hoc committees, constituted by the state government, and it was taken up with the Government of India.
For the proposed Bangalore institute, the Government of Karnataka offered 100 acres of land free of cost and a contribution to the corpus of Rs. 30 lakhs. Discussions were held with Dr. L S Chandrakanth, and Mr Ravi Mathai.
Mr T A Pai agreed to be the first chairman. N S Ramaswamy, who was then director of NITIE, was appointed the first director. Considerable preliminary work was done, and the new institute was inaugurated by Mrs. Indira Gandhi, the then Prime Minister, on 28 October, 1973.
The institute was started in St. Joseph's College of Commerce, and some other buildings, which were rented. A number of difficulties were encountered, but were fairly well-handled. The most important difficulty faced was the reluctance of public sector institutions to appoint the graduates who emerged from the IIMB despite their orientation towards the public sector.
The land offered by the state government was selected on Bannerghatta Road in Bangalore.
Stein, Doshi and Bhalla were appointed as architects and very good plans were prepared.
Mr N S Ramaswamy as the first director did considerable work for the organization of the institute. Professor Philip handled some other problems like labour discipline and related matters. Dr K R S Murthy succeeded Professor Philip. He worked during the period 1992 to 1997 and has been mainly responsible for building an institute of excellence. It has been a steady tale of considerable achievement.
By 1991, the ideas of development also changed in the country, and liberalization and globalisation were accepted as the need of the hour, which had its own effect on the manner in which the IIMB has functioned over the past 7-8 years. This cannot be considered a deflection from the original intention. It is an organic change brought about by the situation, which if anything, shows the institute's maturity to adapt to the demands of the times.
The campus has developed well. A large number of trees have been planted and a pleasant atmosphere created. The library is very well planned. The classrooms and the dormitories all conform to the master plan.
An IIMB product is bound to be good material, trained well, with the basics of good citizenship nailed in place. This is very much in keeping with the aim of the institution: To be a centre of excellence, select the best, turn out first-rate professionals and responsible citizens and expect them to function well.
Milestones
27th March 1972
• Incorporation of IIMB. IIMB registered as a society, under the then Mysore societies act. Shri T A Pai first Chairman of the Board of Governors.
August 1973
• First Executive Education Programme conducted
• IIMB conducts 2 MDP Programmes
• Research & Consultancy activities launched under the leadership of Director N S Ramaswamy.
July 1974
• Commencement of PGP. The first batch of 51 students enters the Institute.
1st January 1976
• Fellow Programme in Management Inaugurated. The inaugural intake comprised 12 students.
10th July 1976
• First Convocation for PGP Graduates. A total of 48 students graduate in first convocation; majority of students placed in the public sector.
17th May 1978
• IIMB PGP earns AIU recognition.
• The PGDM awarded by IIMB equivalent to a Master’s Degree in Management.
27th November 1978
• Ground-breaking ceremony for the IIMB campus. Performed by the Chairman of Board of Governors Shri Govind Narain.
1980
• First Fellow of IIMB Awarded. S Chidambara Iyer graduates as the first Fellow in Management.
July 1982
• IIMB commences operations on new campus. Campus designed by celebrated architect B V Doshi.
1983
• First Centre of Excellence set up. Centre for Computer Aided Management begins Operations
1997
• IIMB Goes Global: First Exchange Partnership Agreement signed with University of Washington at Seattle, USA; Melbourne Business School in Australia; York University, Ontario, Canada; Copenhagen Business School
27th August 1998
• Post Graduate Programme in Software Enterprise Management launched. A total of 58 students from 23 different software companies admitted to the first batch.
March 1999
• IIMB Silver Jubilee Convocation
March 2002
• N S Raghavan Centre for Entrepreneurial Learning established to provide focus on Entrepreneurship. With grants received from Shri Nadathur S. Raghavan and Global International Ventures.
7th June 2002
• Centre for Public Policy launches the Post Graduate Programme in Public Policy & Management. A total of 28 members of the Indian Civil Services sign up.
28th October 2008
• IIMB Distinguished Alumni Awards constituted
January 2009
• Eduniversal ranks IIMB as Best School in Central Asia. IIMB has a 5-Palmes status, indicating it is a “Universal Business School with Major International Influence”.
29th January 2009
• IIMB evolves fresh long-term vision for the future
3rd April 2009
• One-year EPGP launched. One-year full-time residential programme for professionals with 7-15 years of work experience. The first batch has 70 students.
June 2010
• IIMB earns EQUIS accreditation from EFMD or the European Foundation for Management Development, an independent global accreditation agency. IIMB joins an elite group of 139 academic institutions worldwide with this accreditation.
15th September 2010
• IIMB and IISc enter into partnership. Historic move to initiate Technology and Innovation Management activities related to science-based Intellectual Property.
2011
• Business Today survey ranks IIMB as No. 1 Business School in India.
• IIMB partners with Harvard Business Publishing to distribute IIMB cases worldwide. This is a first-of-its-kind partnership between Harvard Business Publishing, a wholly owned subsidiary of Harvard University, and a B-School in India.
March 2012
• Ground-breaking ceremony of IIM Bangalore sports complex.
2013
• IIMB gets reaccreditation for 3 years from EQUIS.
• New classroom complex built with 8 classrooms of 100 capacity each.
2014
• Ranked Best Business School in Central Asia by Eduniversal Paris.
• In March 2014, IIMB and Toulouse Business School, France, sign an agreement to set up India’s first Executive General Management Programme in Aerospace and Aviation Management as a first step towards collaborating in teaching and research. Airbus is supporting programme to develop and nurture local talent in the field of aerospace.
2015
• IIMB signed up with edX, the Harvard-MiT platform, to become the first management school in India to design and deliver MOOCs or Massive Open Online Courses.
• IIM Visakhapatnam is set up as part of the six new IIMs announced by the Government of India in 2015. The Ministry of Human Resource Development (MHRD) appoints IIMB as the mentor school for IIM Visakhapatnam. IIMB faculty teach at India’s newest IIM.
• IIMB is the only Indian business school to feature among the Top 50 B-schools on the Financial Times Executive Education 2015 Rankings
• The US-based Academy of International Business, which is the world’s premier professional association for international business faculty, for the first time, holds its Annual Meeting in India in June 2015 at IIM Bangalore.
• In November 2015, IIMB hosts the Deans and Directors of the Global Network schools making it the first management school in India to host the global network.
• New sports complex is completed on campus with indoor badminton court, gym, squash courts, tennis courts and swimming pool.
2016
• IIMB is reaccredited by EQUIS for a further period of 5 years. This is the highest accreditation offered by the global accreditation body to management schools around the world.
• IIMB is ranked as the ‘Best Management Institute’ in India, by the ‘India Ranking 2016’, collated by National Institutional Ranking Framework (NIRF), Ministry of Human Resource Development.
• IIMB is ranked the Best Business School in Central Asia by Eduniversal, Paris.
• IIMB’s Post Graduate Programme in Management (PGP) is rated among the Top 20 in the world on the Financial Times’ Master in Management Rankings for 2016.
• IIMB’s Executive Education Programmes (Customised) are ranked among Top 50 by the Financial Times Executive Education Rankings 2016.
• IIMB’s Executive Education Programmes (Open) are ranked among Top 60 by the Financial Times Executive Education Rankings 2016
• IIMB is ranked among the Top 50 in the 2016 SCM World University 100 Ranking.
• IIMB partners with Michael & Susan Dell Foundation to offer incubation for social enterprises – May 2016 becoming the only B-school in India to offer such facilities for not-for-profit startups.
• The ground-breaking for IIMB’s second campus in Jigani taluka, Anekal district, is performed on October 21, 2016.
• IIM Bangalore and Goldman Sachs Partner to launch Women Startup Programme in November 2016. Over 2000 women apply for the programme; 50 attend the month-long workshop on campus and 15 are currently being incubated at IIMB’s NSRCEL.
• IIMB and Tel Aviv University join hands to offer course on entrepreneurship in November 2016.
2017
• IIMB’s Executive Post Graduate Programme in Management (EPGP) is ranked among the Top 50 by the Financial Times Global MBA Rankings 2017.
• IIMB is ranked No 2 in the NIRF 2017 List of Management schools in India by the Ministry of Human Resources Development. The school performs exceedingly well in Research output and Inclusivity.
• IIMB launched the Centre for Management Communication on August 19, 2017.
• IIMB inaugurated the India-Japan Study Centre on September 17, 2017 to promote India Japan economic ties.
• IIMB inaugurated the Israel Centre on November 5, 2017.
2018
• IIMB launched the Centre for Teaching and Learning on January 15, 2018.
• IIMB launched the NS Ramaswamy Pre-Doctoral Programme in March 2018, for those sections of society that are under-represented in management academia.
• IIMB now offers a doctoral program in Entrepreneurship – launched in this academic year.
Benefits
(i) Salary and allowances; (ii) Housing; (iii) Incentives for Research and Publications; (iv) Incentives for Extra Teaching; (v) Support for Conferences