International Management Institute (India)
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[edit] Introduction
International Management Institute (IMI) was established in 1981, as an autonomous non-profit educational society under the Societies Registration Act 1860 in collaboration with International Management Institute, Geneva to meet the widely felt need for internationally oriented management education/ training for managers at all levels in industry, government and public systems. The academic program’s of the institute continues to enjoy full support of the corporate sector as well as the Government of India since its inception. Today, IMI holds a place of distinction among the premier schools of management for being the first corporate sponsored business school with strong international orientation in India. IMI follows international standard curricula in its programs, which has been enriched by its academic collaborations with International Institute for Management Development (IIMD), Lausane (erstwhile International Management Institute, Geneva); Faculty of Management, McGill University, Montreal, and Manchester Business School, U.K, prepares participants to successfully manage and lead in an increasingly global business environment. IMI’s educational programs have been recognized by All India Council for Technical Education (AICTE) and Ministry of Human Resource Development, Govt. of India.
The corporate world in India, public, private, multinational companies, international consulting firms and other organizations have employed its alumni who are rightly called, the Achievers.
IMI is registered under section 12A(a) as a trust under the provisions of the Income Tax Act, 1961. The income of the Institute is exempted under section 80G and 10(22) and for research under section 35(I) (iii) of the Income Tax Act, 1961 as an Institution solely for educational purposes.
[edit] Programs
In keeping with the ideology, IMI offers four postgraduate programs:
Postgraduate Program in International Management (PGPIM) Postgraduate Program in Management (PGPM) Post Graduate Program (PGP) Fellow Programs in Management (FPM)
In addition, the institute offers a full range of custom-made in-company programs, and Executive Development Programs (EDPs), all geared to enrich creativity and ability to manage in a dynamic global environment. The Institute also has an active research and consulting base viz: Center for Managing Innovation and Technology and Center for Social Sector Governance to enhance the body of knowledge.
[edit] Academics
IMI, India’s management programme are designed to enable a selective number of young professionals with high potential, to reach landmark positions in their career. To achieve this, the programme revolves around the notion that world-class business leaders are not mass-produced; they are customised and developed in an action-oriented environment.
The curriculum, which has a strong international perspective, prepares the participant to manage, lead and succeed in an increasingly competitive global business environment. With the participants representing diverse cultural and educational backgrounds, learning to operate and manage effectively in a setting where no culture dominates is intrinsic to the IMI, India experience. The Institute recognises the importance of effective soft skill development and helps a participant to develop these through conduct of courses.
Staying Close To Practice IMI, India’s programme are inspired by aligning academic theory with management practice. The real life relevance of the programme is achieved through, firstly, the experienced faculty, who stay in constant touch with management reality by extensive field-based research and consulting activities. Secondly, the learning material used in the programme is focused towards current and emerging issues in management practice. Finally, the experiences shared by distinguished visitors from the corporate arena helps reinforce theory with real world practice..
Enhancing Teamwork Strong emphasis is laid on developing the participant’s skills of leading and working in teams. The interactive skills of effective communication, conflict resolution, negotiation and mobilising individuals towards common goals are essential ingredients of effective management in today’s organisations. Such personal qualities are developed and imbibed in the programme through classroom discussions, group assignments and other team activities.
Cultivating Integrative Capabilities The growing complexity of business problems makes it increasingly challenging to address management issues holistically to devise solutions that cut across narrow functional fields. IMI, India programme foster such integrative capabilities with cross-functional modules that synthesise a number of specialised disciplines into a unified learning experience. Accordingly, participants develop skills through a case-based approach and are encouraged to analyse issues from several often conflicting viewpoints before deciding on a course of action.
Learning Environment The FAIR Model (Foundation, Application, Integration and Reinforcement). Distinct from any other Business School, IMI, India believes in integrating the four phases as highlighted by the FAIR model in every academic module. In order to achieve this, the modules are designed so as to incorporate fundamental concepts in the initial phase followed by the application and subsequent with real life business situations.
Initially, participants work individually studying assigned cases, reading material, completing exercises, extracting pertinent facts and identifying issues or concepts that require in-depth understanding. They are expected to contribute to the learning process by sharing accumulated knowledge and work experience through active discussion. Judicious blends of learning processes in addition to self-study are used at the Institute which include the following.
Lectures and Discussions Lectures by faculty are used to introduce concepts, techniques, issues and moderate the exchange of individual views. Performance in class discussion requires a high level of preparedness with sensitivity to others’ point of view.
Case Studies Case studies are an integral part of the learning experience at IMI, India.
Presentations By working in small groups to develop and defend presentations, participants experience the challenges associated with group responsibility, collective decision making and persuasive communication.
The integrative module exercises typically lead to experiences that enhance participants’ ability to express their ideas clearly and convincingly - a valuable personal asset in business life.
Situation Role-playing In order to get fully involved and experience the dynamics of a practical management situation, role-plays requiring the participants to assume diverse managerial roles are carried out to enhance behavioural characteristics.
Computer-based Models IMI, India has an integrated computer-based models that are weaved into the learning process. Several courses use appropriate computer-based models and simulations.
Learning by Doing Each participant is required to do a summer internship with a reputed Business Organisation for 8-10 weeks at the end of the first academic year. During their elective courses students are encouraged to undertake live projects to synergise knowledge and its application.
Imaginative, Innovative and Inventive Learning Systems Be it preparing a Porter’s five forces model on Terminator Three, studying consumer behavioural patterns at local eateries or the nearest mall, or watching movies to understand latest management trends, IMI India’s classroom knows no boundaries.
Student Exchange Programme
IMI, India - ESC Rennes
IMI, India and Groupe ESC Rennes [Rennes, France] have an agreement to facilitate academic cooperation through reciprocal exchange and hosting of students.
IMI, India - Asian Institute of Technology
IMI, India and Asian Institute of Technology [AIT] Bangkok, one of Asia’s premier institutes has an understanding for student exchange.
[edit] Institute Alliances
IMI India is India’s first corporate-sponsored management school. With years of collaboration from IMI Geneva (currently IMD Lausanne), the McGill University of Canada, Manchester Business School, UK and with strong support from Indian industry, this institute has grown into one of the most prestigious schools of management today. Both industry and the academician have already shown appreciation of the quality of IMI students.
IMI presently has alliances with:
ESC, Rennes, France, AIT, Bangkok, Thailand, International Institute of Management, Graz, Austria Flinders University, Adelaide, Australia IESEG, Lille, France
[edit] Final Placements 2006
Another Successful Year for Placements at IMI, India
The full time Post Graduate Programme in Management (PGP) at IMI has again reported strong placement of its 2006 graduating class
New Delhi, January 17, 2006: India’s first corporate-sponsored Business School, International Management Institute (IMI) once again emerged as one of the favorite hiring management schools by the corporate houses with its entire batch of 118 students of the class of 2006 getting job offers within hours from the scheduled start of 9th January 2006.
With average salary of Rs. 6,37,482 per annum.. The highest salary offer was of Rs 8.13 lacs per annum by ITC. While companies like Citi Group and Infosys offered a package of Rs 6.5 lacs to Rs 7.2 lacs per annum. The Citigroup (Citibank, Citicorp, Citifinancial) jointly made 20 offers, emerging as the single largest recruiter for the second consecutive year. Infosys with 9 offers and JP Morgan Chase with 7 offers were the other prominent recruiters. Other prominent recruiters who recruited the students from IMI included Ernst & Young, JP Morgan Chase, DHL, CB Richard Ellis, Progeon, Career Launcher, DSCL, HCL, IMRB, RocSearch, SAB Miller, Axis Risk Consulting and Newgen.
“If we see from the sector point of view, more of our students were hired by the Consulting and the Knowledge based companies. However, banking & financial services have continued to dominate the hiring process with Citibank, HDFC, Standard Chartered, HSBC AMC and CitiFinancial hiring in significant numbers, said Prof. MM Anand, Chairperson, Placement Committee, IMI.
The other emerging sector – Insurance was represented by ICICI Lombard, Prudential and IFFCO Tokio. CEAT, Blowplast and JK Group represented the consumer durable segment, whereas DHL and TNT’s presence indicated the growth of the logistics sector.
The India Today Group, Radio Mirchi. ABP Ltd and Dish TV represented media while Maruti and Tata Motors represented the automobile segment. The knowledge sector was represented by McKinsey Knowledge Center, Pipal Research, Pulsar Knowledge Center among others.
Several employers had to return empty handed. The year 2006 also witnessed a significant increase in the number of pre-placement and lateral offers.
Placements at a glance –
* Entire batch of 118 students placed within hours with a number of students having more than one offer * Over 65 companies participated in the recruitment process * Many companies including Ernst and Young, JP Morgan Chase, Citicorp, DHL, Infosys visited the campus for the first time * Highest salary was 8.1 lakhs (gross) per annum by ITC * Average salary rose to Rs. 6,37,482 * Citigroup - Single largest recruiter with 20 offers followed by Infosys with 9 and J.P.Morgan Chase with 7 offers * Significant increase in PPO/Lateral offers
[edit] 2005 Placements at a Glance
Entire batch (119 students) placed in few hours 45 companies - like Oracle, Citibank, AT Kearney, Idea Cellular and Maruti - came to IMI campus this year IMI is ranked in the A+ (topmost) category by All India Management Association IMI is India's first industry-sponsored business school and was established by companies like ITC, RPG Group and Nestle in 1981 The entire batch of 119 MBA students at IMI was placed in few fast-paced hours, with handsome salary packages.
Companies that came visiting the campus were from diverse sectors - from banking and insurance to technology, pharmaceuticals, automobiles, consulting, industrial products, market research, credit rating agencies, telecom, power, real estate, consumer durables and media companies. All in all, with 45 companies visiting the IMI campus for placements, the students had a wide array of companies and industry segments to choose from.
Amongst the companies that visited IMI this year for placements, there were: Citibank, HDFC, ICICI, Indus Ind (banking); Oracle, TCS, HCL Comnet (technology); CARE (credit rating agency); McKinsey KC, AT Kearney (research); Ranbaxy, Torrent (pharma); MetLife, Iffco Tokio (insurance); DCM Sriram Consolidated Ltd., JK group (industrial products); ACNielsen ORG-MARG, IMRB (market research); Radio Mirchi, ABP (media); Indiabulls, CitiFinancial (financial services); CEAT, CB Richard Ellis, E-value serve, PFC and Maruti.
The most popular sector for the students at IMI this year was, undoubtedly, banking - with the top banks like Citibank, HDFC, ICICI; picking up, in all, 32 students. The star recruiter at IMI this year was Citigroup, which recruited 12 people, even as HDFC and ICICI picked up 7 students each.
The recruiters, having found the good quality of people that they were looking for, went back happy. As a comment, consider the fact that 80% of the recruiters this year have recruited from IMI in the past. Not to say that new-generation companies like Oracle, Idea Cellular, Radio Mirchi and Newgen Technologies also turned up at IMI campus for quality recruits.
Though the placement week at IMI was scheduled from January 10th to 16th, all the students were placed within a few hours. Many prestigious companies had to draw a blank as they visited IMI campus 'too late'.
In short, IMI has lived up to, rather exceeded, the expectations of its founders and is true to its character of being India's first corporate-sponsored business school.
About the Course –
Full time Post Graduate Programme in Management (PGP) offered at IMI imparts a global outlook, equipping the students with specialized skills and fosters attitudes that elicit a commitment to excellence. Started in 1993, the two year full-time Post Graduate Programme in Management is recognized by the All India Council for Technical Education (AICTE) and Ministry of Human Resource Development.
