Indian Institute of Management Indore is an autonomous management institute located in Indore, Madhya Pradesh. Instituted in 1998, IIM Indore is the sixth addition to the prestigious Indian Institute of Management (IIM) family of management schools. IIM Indore, which came into existence in 1996, was established as the sixth Indian Institute of Management after IIM Calcutta (1961), IIM Ahmedabad (1963), IIM Bangalore (1972), IIM Lucknow (1984) and IIM Kozhikode (1996). The institute was the youngest among the IIM's until 2008, when IIM Shillong was instituted.
IIM Indore started offering its flagship two year full time (residential) Post Graduate Programme in Management (PGP) at Ras al-Khaimah (UAE) in 2011. It is the first IIM to have started operations outside India. This is a crucial step with IIM Indore's Philosophy to transform itself into a truly Global B-School. The institute also offers its flagship two year full time (non-residential) Post Graduate Programme in Management (PGP) in Mumbai, from 2012.
IIM Indore offers the following academic programmes -
- Post Graduate Programme in Management (PGP), a two year full time residential programme equivalent to an MBA.
- Executive Post-Graduate Programme in Management (EPGP), a one year full time residential programme equivalent to an MBA.
- Post Graduate Programme in Management for Executives (PGPMX), a two year alternate weekend programme.
- Fellow Programme in Management (FPM).
Options to specialise in various fields such as Finance, Operations, Marketing, Systems etc. are available and students are encouraged to choose a specialisation of their choice. A five year Integrated Program in Management, for students passing out from Class XII, was started in 2011. The institute also offers various certificate programmes and Management Development Programmes (MDPs). Like all IIMs, IIM Indore awards diplomas, and not degrees.
Admissions to the flagship Post Graduate Programme in Management (PGP) at Indore, Mumbai and Ras al-Khaimah (UAE), is through the Common Admission Test (CAT) conducted by the IIMs. Non Resident Indian (NRI) candidates are also eligible to apply and should have scored a minimum GMAT score of 650 to be shortlisted for further evaluations. Admissions to the Executive Post Graduate Programme in Management (EPGP), a programme for executives with a minimum of 5 years work experience, is through the globally accepted GMAT. The candidates are shortlisted on the basis of their GMAT score, which on average has been 700 for the past batches, quality of work experience, extra-curricular record and future managerial potential.
Foreign Student Exchange Program:
The Student Exchange Programme ensures that the students are exposed to the latest trends in management across the best business schools in the World
. Apart from providing a chance for students to interact and really be a part of some of the world's top universities for a term, the programme also enables the rest of the batch here to benefit from the foreign students who travel here in their place. The Student Exchange Programme Committee handles the logistics of the programme. The institute had its first student exchange of six students with Ecole de Management de Lyon (EM Lyon), a premier business school based in Lyon, France
, in 2005. The exchange program has advanced rapidly and the institute currently has exchange programs with two more business schools in France, two in Germany
, two in USA one in China
, one in Canada
and one in New Zealand
, with several others on the anvil.
IIMI was ranked 4th by the Business Today 50 best business schools of 2011, 5th by the Hindustan Times India's top 50 business schools of 2011 and 8th by the 2012 edition of CNBC-TV18's Top B-Schools in India.
The present campus started with 4 hostels each housing 60 students. As the intake has gradually increased, today, there are 14 hostels. Rooms in all the hostels have direct computer connectivity to the main LAN that provides an 8 Mbit/s internet connectivity. For the One Year Full Time MBA (EPGP) students, a separate air conditioned hostel has been set up that offers super-luxury accommodation and can house almost 200 students – future proof for the substantial increase in intake planned. In addition to these, IIM Indore also has a Management Development Centre (MDC) which houses the MDP participants. A hostel dedicated to participants of Fellow Programme in Management (FPM) is under construction. Dedicated mess facilities and round the clock canteen facilities are available in between the hostels. The common rooms at the Hostels have a 52" LCD TV with satellite cable, in addition to the facilities for the indoor games. It is also the scene of action for get-togethers, parties and informal discussions.
The IIMI Library holds knowledge resources predominantly related to management and allied subjects. The entire Library collection including the CD-ROM databases and the online databases are made available through Institute’s network. Users can access the online databases, video library and also find out the real-time availability of library materials from their own computer terminals. The Library offers a range of information services set to the highest professional standards. The Library resource includes over 15000 books in the area of Management and related subjects, 425 journals (350 Foreign and 75 Indian) specific to the academic and research needs of the academic community and over 1000 selective e-journals available in full-text.
Various contests, events and tournaments are held throughout the year, giving students a chance to compete among themselves. Major among them include:
- Ahvan (Annual Management Summit)
- Mridang (Annual Cultural Festival)
- Utsaha (Annual Rural Marketing Fest)
- Indore Marathon
- Indian B-School League [IBL] (Annual Socio-Management Festival)
- Rendezvous (Annual Alumni-Fresher Meet)