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Indian Institute of Management Bangalore

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Indian Institute of Management Bangalore (IIMB) is a public management school and an Institute of National Importance located in Bangalore, India. Founded in 1973, it was the third IIM to be established, after IIM Calcutta and IIM Ahmedabad.[1]

Indian Institute of Management Bangalore
IIM Bangalore Logo.svg
MottoTejasvi nāvadhītamastu
Motto in English
May our study be brilliant and effective
TypePublic business school, Institute of National Importance
Established1973 (1973)
DirectorG. Raghuram
Location, ,
12°53′39″N 77°36′7″E / 12.89417°N 77.60194°E / 12.89417; 77.60194Coordinates: 12°53′39″N 77°36′7″E / 12.89417°N 77.60194°E / 12.89417; 77.60194
CampusUrban
NicknameThe Place to B
Websitewww.iimb.ac.in

It mainly offers Post Graduate, Doctoral and executive training programmes. The Post Graduate Programme in Management (PGP), a two-year, full-time residential MBA programme is IIMB's flagship programme.[2] In addition to its main academic programmes, IIMB is also engaged in facilitating research, offering consultant services, conducting seminars and academic conferences and publishing journals.

HistoryEdit

In 1972, a committee headed by Ravi J. Matthai, seeing the rising demand for graduates of the first two IIMs namely IIM Calcutta and IIM Ahmedabad, recommended the need to have two more IIMs. While the first two IIMs were oriented towards the private sector, it was decided that the new institutions shall be oriented towards public sector to cater to its growing needs of management graduates. The Institute at Bangalore was consequently set up next year, designed to cater exclusively to the needs of public sector enterprises.[3] For the proposed institute, the Government of Karnataka offered 100 acres (40 ha) of land free of cost and a contribution of 3 million (US$43,000). T. A. Pai and N. S. Ramaswamy were appointed as chairman and director respectively. The institute was inaugurated by Indira Gandhi, the then Prime Minister of India, on 28 October 1973. The institute was started in St. Joseph's College of Commerce, and some other buildings, which were rented on the Langford Road. The new institute came up at Bannerghatta Road in South Bangalore.[4]

MottoEdit

The motto derived from Sanskrit तेजस्वि नावधीतमस्तु (pronounced as tejasvi nāvadhītamastu) is an extract from the Shanti Mantra recited in Taittiriya Upanishad, Katha Upanishad, Mandukya Upanishad and Shvetashvatara Upanishad. The motto translates to Let our study be enlightening.[5]

AcademicsEdit

 
Entrance to the Main Block at IIMB

Prior to 2018, IIM Bangalore awarded diplomas instead of degrees because IIMs were not set up as universities through an act of parliament but as societies under the Societies Act.[6] The Indian Institutes of Management Act, 2017 enacted by the Ministry of Human Resource Development in December 2017 declared IIMs as Institutes of National Importance, thereby allowing IIMs to award degrees to their students instead of diplomas.[6] Consequently, in 2018, IIM Bangalore became the first IIM to award MBA degree to the graduates of the Post Graduate Programme in Management.[6]

RankingsEdit

Institute rankings
Business – international
Financial Times (MiM) (2016)[7]19
Financial Times (MBA) (2017)[8]49
Financial Times (MBA) (2019)[9]33
QS (MBA) (2019)[10]71
QS (MBA-Asia) (2019)[11]9
Business/Management – India
NIRF (2019)[12]1
Business Today (2016)[13]3


IIMB was ranked #1 among management schools by the National Institutional Ranking Framework (NIRF) in 2019.[12] It was also ranked third by Business Today's "India's best B-schools 2016".[13] In India, IIM Bangalore has been ranked #3 by InsideIIM in its list of "India's Most Desirable B-Schools" in 2019.[14]

Worldwide, the Financial Times has ranked IIM Bangalore #19 in its Masters in Management Ranking 2016[7] and #49 in its Global MBA Ranking 2017.[8] The QS Global MBA Rankings 2019 ranked it #71 in the world[10] and #9 in the QS Global MBA Rankings 2019 : Asia.[11] The QS Global EMBA Rankings 2018 ranked it at #63.[15]

IIM Bangalore’s one-year full-time Executive Post Graduate Programme in Management (EPGP) has been ranked among the top 35 in the Financial Times (FT) Global MBA Ranking 2019 for the second consecutive year.[16] IIM Bangalore has announced a 2 year program in business analytics that will start from 2020[17].

MentorshipEdit

IIM Bangalore successfully mentored IIM Trichy when it was established in 2011.[18] Currently it mentors IIM Visakhapatnam from its establishment in 2015. IIM Visakhapatnam operates from temporary campus inside Andhra University. It follows similar PGP program[19] with faculty[20] coming from IIM Bangalore.[21][22]

CampusEdit

 
Main entrance to IIM Bangalore

The current campus located at Bannerghatta Road in Bangalore was designed by Pritzker prize winning architect B. V. Doshi and was completed in 1983.[23] The campus occupying an area of over 100-acres is located in South Bangalore. IIMB is known for its unique all-stone architecture and lush woods. IIMB to set up its second campus on the outskirts of the city near Jigani in Anekal.[24]

Academic blocksEdit

The academic blocks were designed by Stein, Doshi & Balla architects led by B. V. Doshi and were completed by 1983. A few blocks were added later owing to the increase in the number of students being enrolled. Currently, there are blocks lettered from A to P where classes, faculty offices and other administrative entities are located. The classes are fully air conditioned with state of art facilities.

LibraryEdit

The library is housed in a 55,000 square feet complex consisting of four floors. This fully automated state of art facility consists of about 235,000 documents and books apart from 85,000 journals are available for reference. The library also subscribes to 27 newspapers and more than 200 newsletters.[25]

Hostels and Sports CentreEdit

 
Sports Centre

IIMB consists of 16 hostel blocks apart from one executive block and the executive accommodation at the Management Development Centre. The hostel consists of 16 blocks named from A to P. IIMB has separate facilities for soccer, cricket, tennis, basketball, volleyball, badminton, table tennis and pool. An integrated indoor sports complex with a swimming pool is also available.[26]

AuditoriumEdit

The Auditorium is situated within the academic blocks. It has a seating capacity of 500 people and plays host to various events, functions and guest lectures held at the institute.

Computer CentreEdit

The institute has a 24-hour Internet connectivity with 600+ PCs and workstations. The campus is also fully WiFi enabled.[27]

NSRCELEdit

 
Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL)

Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL) was set up in 2002 to aid the entrepreneurial activities at IIMB. The centre acts as an incubator for new business ideas.[28] It is a vibrant ecosystem of industry experts, mentors, researchers, and academicians aimed at providing incubation to early-stage ventures across various stages, sectors, and scope.[29]

Campus lifeEdit

There are several student-run clubs and societies at IIM Bangalore. The student bodies are divided into clubs, mini clubs, chapters and societies are managed by the students themselves and are governed by the Student Affairs Council. The following are the list of clubs and societies.

Students Affairs CouncilEdit

It is the apex body which controls all the aspects of student life including other clubs and societies.[30]

Academic CouncilEdit

The Academic Council is an elected body that facilitates the management of the academic system at IIM Bangalore. The Council acts as an interface between students and faculty and is also responsible for elective bidding process for courses by assessing the academic needs of the student community . [31]

Placement CommitteeEdit

More than 100 companies across the globe visit the campus every year for summers and final placements. The placement processes are governed by the Career Development Services and facilitated by the Placement Committee.[32]

Student exchangeEdit

IIM Bangalore has an extensive network of partner B-schools worldwide through which it conducts student exchange programmes. Students of the flagship MBA program can go an exchange programme during the 5th term of the course. More than a hundred students from IIM Bangalore leave for foreign institutes and an equivalent number from various B-schools arrive in Bangalore.[33]

Doctoral exchange is also available with schools such as National University of Singapore, University of Cologne and schools in the United States. Scholarships are provided by partner schools or by government grants such as German Academic Exchange Service.

EventsEdit

IIMB celebrates the Foundation Day on 28 October.[34]

EximiusEdit

 
The amphitheatre where many of IIMB's festivals are celebrated.

Eximius is the annual entrepreneurship summit organized by IIM Bangalore. The three-day event focuses on entrepreneurship and generation of new business ideas. The event has hosted several eminent speakers including Shashi Tharoor, Kiran Mazumdar Shaw, Piyush Pandey, Mallika Sarabhai, Kris Gopalakrishnan, Kiran Bedi, Rashmi Bansal, Shaheen Mistri, Harish Hande, D R Mehta among others.[35]

UnmaadEdit

Unmaad is the flagship annual cultural festival of IIM Bangalore. The three-day event draws participants from across India. Unmaad features drama and music performances, dances, quizzes, debates, street plays, professional concerts and a fashion show. The event has hosted performances by artists including Farhan Akhtar, Shankar Ehsaan Loy,[36] KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull,[37] Indian Ocean.

VistaEdit

Vista is an annual, international business summit hosted by IIM Bangalore. The three-day summit brings together leaders from the fields of marketing, finance, operations, human resources, consulting and social work. The platform lets students learn from business professionals through events, competitions and case studies. The event also incorporates guest speaker sessions. Previous speakers include Devi Shetty, Mukesh Ambani, Prahlad Kakkar, Kumar Mangalam Birla, Kamal Haasan, Kiran Mazumdar Shaw, Gurucharan Das, Justice Santosh Hegde, Arun Shourie, Gul Panag, M J Akbar, Nandita Das, Narain Karthikeyan and Shobhaa De.[38]

YaminiEdit

Yamini is a music festival in Bangalore, organized by Society for the Promotion of Indian Classical Music And Culture Amongst Youth (SPICMACAY) and hosted at IIMB.[39][40][41]

IIMBUE - IIMB Leadership ConclaveEdit

IIMB Leadership Conclave is an annual event that brings together globally renowned thinkers and achievers with IIMB alumni over a weekend of thought-provoking conversations.

The theme for 2018’s event was – "Sensing the future".  Variety of renowned speakers talk about ways to develop a shared understanding of the tectonic changes we are experiencing geo-politically, economically, technologically and societally – and addressed complex leadership challenges for the future.[42]

Women Leadership SummitEdit

Women Leadership Summit is organized every year in January by IIM Bangalore. It seeks to build gender-inclusive mind-sets among students, entrepreneurs, and corporates. The one-day event intends to create awareness through talks and workshops with prominent and inspiring personalities. The event has hosted eminent speakers including Vinita Bali, Malavika Harita, Sneha Priya, Lakshmi Ishwar, Wilma Rodrigues, Nirmala Sankaran, Neeta Revankar, Dr. Gita Sen, Gauri Jayaram, Sanjaya Sharma.[43][44][45]

ResearchEdit

Research in IIM Bangalore is performed in research centres focusing on different aspects of managements. These include the ERP Research Centre, Centre for Insurance Research and Education, N S Raghavan Centre for Entrepreneurial Learning, Centre for Public Policy, Centre for Software & Information Technology Management, Centre for Development of Cases and Teaching Aids, Centre for Corporate Governance and Citizenship Centre for Capital Market & Risk Management, Centre for Financial Markets and Institutions and the Supply Chain Management Centre.[46]

FacultyEdit

Past and present faculty at IIM Bangalore include many prominent scholars who have gone on to become pioneers in their fields. Notable of them include:

AlumniEdit

IIM Bangalore has a strong alumni network with its alumni taking over many prestigious positions across the world. IIMB Alumni Association (IIMBAA) manages interactions with the Alumni network and keeps them engaged with the business school. Anusmaran, a yearly event conducted across multiple cities in the world serves as a rendezvous. Some of the prominent alumni include academicians such as Aswath Damodaran and Raghavendra Rau, author Karan Bajaj and film maker Nila Madhab Panda. K. Radhakrishnan, Chairman of ISRO and business executives like Ravi Subramanian and Sameer Suneja were also IIMB graduates.

In popular cultureEdit

The campus was the site for the shooting of the Bollywood film 3 Idiots directed by Rajkumar Hirani and starring Aamir Khan, Kareena Kapoor, Boman Irani, R. Madhavan and Sharman Joshi. The film is loosely based on the famous novel Five Point Someone by Indian writer Chetan Bhagat.[52]

Social activismEdit

The students and faculty members of IIM, Bangalore have raised issues regarding business ethics and corporate responsibility. Activists led by Prof Deepak Malghan have protested the environmental degradation by a thermometer factory in Kodaikanal run by Hindustan Unilever, accusing it of dumping glass contaminated with mercury in municipal dumps, or selling for scrap instead of dealing with it as per international norms.[53] After protest by activists led by Dr Malghan, Hindustan Unilever admitted before court to being guilty in the case in 2010.[54][55] Dr Malghan wrote letter to IIM students urging them to dis-invite Hindustan Unilever during campus placement, which led to a raging controversy[56]

See alsoEdit

ReferencesEdit

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  2. ^ "International Admissions". IIMB. Retrieved 18 March 2016.
  3. ^ RC Bhargava; Ajit Balakrishnan; Anusua Basu; Ram S Tarneja; Ashok Thakur (25 September 2008). "Report of IIM Review Committee" (PDF). Ministry of HRD, Government of India. Archived from the original (PDF) on 21 December 2010. Retrieved 19 March 2010.
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  5. ^ Taittiriya Upanishad, Translated by Swami Gambhirananda, Published by Advaita Ashram, Kolkata
  6. ^ a b c "IIMs are free to choose between degree or diploma for their postgraduate students: HRD Ministry". India Today. 6 April 2018. Retrieved 12 April 2018.
  7. ^ a b "Masters in Management 2016". Financial Times. 2016. Retrieved 18 June 2017.
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  9. ^ "Global MBA Rankings 2019". Financial Times. 2019. Retrieved 28 January 2019.
  10. ^ a b "QS Global MBA Rankings 2019: Global". QS Quacquarelli Symonds Limited. 2018.
  11. ^ a b "QS Global MBA Rankings 2019: Asia". QS Quacquarelli Symonds Limited. 2018.
  12. ^ a b "National Institutional Ranking Framework 2019 (Management)". National Institutional Ranking Framework. Ministry of Human Resource Development. 2019.
  13. ^ a b "India's best B-schools 2016: Full List". Business Today. 4 December 2016. Retrieved 29 June 2017.
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  26. ^ "Accommodation at Indian Institute of Management Bangalore". IIMB. 26 May 2009. Retrieved 18 March 2016.
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  28. ^ "Nadathur S. Raghavan Center for Entrepreneurial Learning, IIM Bangalore". Nsrcel.org. Retrieved 18 March 2016.
  29. ^ www.nsrcel.org https://www.nsrcel.org/. Retrieved 6 May 2019. Missing or empty |title= (help)
  30. ^ "Spidi". Spidi2.iimb.ernet.in. Retrieved 18 March 2016.
  31. ^ "Acad Council". IIMB. Retrieved 2 November 2011.
  32. ^ "Placement at Indian Institute of Management Bangalore". IIMB. Retrieved 18 March 2016.
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  37. ^ "Jethro Tull concert in city today". The Hindu. Chennai, India. 3 February 2006. Retrieved 18 March 2016.
  38. ^ Vista (IIM Bangalore's Annual Business Summit)
  39. ^ "IIM-B to host music festival". The Hindu. Retrieved 7 February 2016.
  40. ^ "Sunset to sunrise". The Hindu. Retrieved 18 March 2016.
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  53. ^ Jayaraman, Nityanand (April 2001). "Unilever's Dumping Fever". Multinational Monitor. Archived from the original on 27 July 2001. Retrieved 31 October 2013. - via Ban.org.
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  55. ^ Jayaraman, Nityanand (31 July 2010). "One gram mercury can kill a 25-acre lake. A plant has leached mercury for 10 years into Kodai". Tehelka Magazine. Anant Media Pvt. Ltd. Retrieved 31 October 2013.
  56. ^ "IIM Bangalore Director issues censure note".

External linksEdit