The Indian Institute of Planning and Management

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Indian Institute of Planning and Management
Motto: What we teach today, others adopt tomorrow
Established: 1973
Type: Private unaccredited
President: Dr. Malayendra Kisor Chaudhuri
Dean: Arindam Chaudhuri (Honorary Dean)
Staff: 250
Undergraduates: 600
Postgraduates: 4500
Location: New Delhi, Delhi, India
Campus: New Delhi
Website: http://www.iipm.edu/

The Indian Institute of Planning and Management (IIPM) is a private educational institute in India that offers bachelors and masters programmes in entrepreneurship and a discipline it calls "National Economic Planning". Established in 1973, it is headquartered in New Delhi where it also has three campuses and has branches in Mumbai, Chennai, Ahmedabad, Bangalore, Pune, and Hyderabad. It also has campuses in Dubai,[1] London, Brussels, Singapore, Beijing and New York.[2][3] The Founder Director of IIPM is Dr. M. K. Chaudhuri, and the Honorary Dean is Arindam Chaudhuri.

IIPM's programmes are not approved or accredited by Indian regulatory bodies such as AICTE[4][5] and UGC.[6] According to the institute, it has not sought recognition from regulatory bodies or accreditation agencies. In addition, the institute's advertising claims and trade practices are under investigation by the Indian government. The institute has also been asked by specific government agencies to provide evidence to support various issues it has claimed in its advertisements and campaigns.

Contents

History

In 1964-1965, Dr. M. K. Chaudhuri undertook a study to acquire knowledge about the workings of educational institutions in Europe. In 1973, he resigned as professor at Indian Institute of Management Bangalore to establish the Indian Institute of Planning and Management in New Delhi. The institute's first postgraduate educational program commenced in 1974. By 2006, IIPM had grown to 9 campuses across India, with over 5,000 students, and placement offices in San Francisco, New York, London, Dubai, and Singapore.[2]

Academics

IIPM offers two courses:

  • A 2-year full time Postgraduate Programme in Planning and Entrepreneurship (leading to MBA degree from IMI, Belgium)
  • A 3-year full-time Undergraduate Programme in Planning and Entrepreneurship (leading to BBA degree from IMI,Belgium)

IMI Belgium, which awards the BBA and MBA degrees, describes itself as an independent, privately held organization.[7]

In the first year, core subjects such as Marketing, Accounting, Finance, Economics and Organizational Behavior are covered. In the second year, the Marketing and IT papers are compulsory, and students pick a major in Human Resource or Finance. The postgraduate program has 1920 contact hours.

IIPM has developed new subjects like "Beyond the principles of management and economics" in which graduate and post-graduate students are taught concepts like survival of the weakest, the law of increasing marginal utility, apart from the age old concepts of survival of the fittest in the market economy and law of diminishing marginal utility.[8]

However, an article in Mint (The Wall Street Journal's business newspaper in India) criticized IIPM as being one of the schools which claim to employ alternatives to the traditional teaching methods, but do not actually do so.

Global Opportunities and Threats Analysis Programme

All students of IIPM are sent on a 21-day compulsory trip to developed countries of Europe/USA to study the Global Opportunities and Threat Analysis programme (GOTA).[9] The GOTA programme involves audiences of IIPM students with the management of international organisations to get a first hand exposure of how businesses are run. The programme is organised in batches of about 60 students and includes visit to political organisations as well. Students regularly visit the United Nations, the World Trade Organisation, the World Intellectual Property Organisation (WIPO), and the World Bank, apart from companies such as Nestle, EADS, UBS, Zurich Insurance and Citibank and educational institutes such as Webster University, Oxford. Initially optional, it is now a compulsory programme. Claims made about the Europe tour in their ads are now under investigation by MRTPC, a governmental body.

Accreditation

IIPM is not recognized by the University Grants Commission or AICTE,[6] and according to the institute, it has not sought de jure recognition from any statutory body or accrediting authority.[10] The degrees awarded by IIPM are issued by International Management Institute (IMI), Belgium which describes itself as a privately owned independent organisation.[11][12] In October 2005, the University Grants Commission raised objections over IIPM offering technical degrees. IIPM clarified that it never offered the MBA, BBA degrees (these were, are, and continue to be offered by IMI, Belgium). As of January 2007, the online prospectus mentioned awarding of MBA and BBA degrees.[11]

According to the institute, IIPM is an academically independent and autonomous body, without affiliation to any university. IIPM claims its programmes do not fall under the purview of AIU, AICTE, UGC and similar government-established regulatory bodies.[13]

In March 2007, the All India Council for Technical Education (AICTE) said that students are cautioned that joining unapproved programmes can have serious consequences in terms of eligibility for employment, higher studies etc. Students desirous of joining any technical programme of any institution must confirm the status of approval.[14] AICTE has issued a legal notice to IIPM and advised students not to take admission in the institute.[15] Education industry observers point out that AICTE recognition would place unnecessary pressure on institutes that otherwise have an enviable track record.[15]

Campus and infrastructure

IIPM Campus, New Delhi
IIPM Campus, New Delhi

IIPM has a campus in New Delhi and six branches in different cities in India. The campus' infrastructure includes classrooms, teaching aids, libraries, electronic libraries, IT equipment like Wi-Fi and laptops, and leisure equipment like gymnasiums and swimming pools. The available facilities vary for each branch of IIPM.

It has over 10,000 books in the Delhi library, with access to several other libraries such as the British Council and American Library through sharing agreements. Its electronic libraries have access to leading databases like ProQuest and India Business Information Database (IBID). IIPMs provides all newly admitted students. As per IIPM, it is the largest number of laptops given out by any institute in India to its students in a single academic session. Additionally, all the nine IIPM campuses have been made wire free, allowing students to stay online for unlimited lengths of time as long as they are on campus[16].

Placements

IIPM claims to have been consecutively successful in maintaining a 100 percent placement record. JAMMAG and Businessworld investigations have raised doubts about the veracity of these claims.[17]

It is claimed that more than 300 companies and many Fortune 500 companies, including PwC, Coke, J.M. Morgan Stanley, Prudential ICICI, GE, Standard Chartered, Asian Paints, ITC, A.T Kearney, American Express, PepsiCo, Citibank, LG, Electrolux and many more have visited all the IIPM campuses across the country. However, speaking to Businessworld, Chaudhuri clarified that IIPM never claimed those companies visited the campus for placements, but merely that its students were working in those companies. The institute also claims to have shown an increase in its international placements. According to the institute, the highest annual package in the international placements this year was of USD 63,000. As per the institute's claims in the media, over 30 (out of 4500 each year) students so far have been placed internationally in various companies spread across diverse industries. It has also been reported that IIPM now has seven international placement offices in Dubai, Singapore, London, Sydney, Toronto, San Francisco and New Jersey.[18][19][8]

Admission

The admission test of IIPM is known as E-PAT (Entrepreneurship & Planning Admission Test). This test is based upon a written test, group discussion and inter view. According to the institute, the testing process stresses more on Emotional Quotient as against Intelligence Quotient. The selection to IIPM is based on the composite score of the written test, group discussion and personal interview. E-PAT is conducted in 15 centres located in different parts of India.

Admission to the two-year programme in National Economic Planning and Entrepreneurship is open to graduate applicants across all disciplines. For the three-year programme in National Economic Planning and Industrial Entrepreneurship is open to all applicants who have completed their senior secondary schooling. According to the website of the institute, candidates with mathematics background at Higher Secondary Level are preferred.[20]

The aggressive advertising policy of IIPM made it the highest advertising brand in the print medium for May 2005. IIPM reportedly spent Rs 51 million (about $ 1.13 million) on advertising in the month of May 2005. The advertisement related spending of IIPM was reported to be high throughout the time when students start applying for admission to colleges.[21]

Faculty

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IIPM has over 250 full-time faculty and over 150 visiting members. 35% of all faculty are females. [22]. About 20% of its faculty have a doctoral degree [23]. Unlike most other business schools, the school has been able to build up its teaching faculty in India by recruiting its graduating MBA students.[23].

IIPM has separate permanent faculty for its different campuses. Of the 84 faculty members in its New Delhi campus, 10 hold PhD degrees and 58 are MBAs. In its Chennai campus, the total number of faculty is 55 out of which 5 are PhD holders and 26 are MBAs. The Bangalore campus of IIPM has a total faculty strength of 29, out of which 4 are PhDs and 10 are MBAs. In the Mumbai campus, the total faculty strength is 38 out of which 2 are PhD holders and 10 are MBAs. The Pune campus has a total of 52 faculty members, but there are no PhD holding faculty in the campus, and the number of MBA degree holders is 11. Its Hyderabad campus has 51 faculty members, out of which 13 hold PhD degree and 22 have MBA degrees.[24] Though the IIPM website lists the degrees held by each faculty member, it does not specify where these degrees have been earned from. Per institute's own admission, most of the permanent faculty members are IIPM alumni.[22]

Prof. A. Sandeep is Dean - India and Prof. P. Majumdar is Dean - Academics. Arindam Chaudhuri is Dean. The regular faculty of the institute comprises alumni of IIPM, as well as visiting professors.[17] IIPM faculty conduct Executive Education programs.[25] Some faculty members such as Dean Arindam Chaudhuri, Prof Prasoon Majumdar, Prof A Sandeep, Prof Prashanto Banerji and Chair - Global Outreach Program Siddharth Nambiar are also editors of Business & Economy, a fortnightly business and policy analysis magazine published by IIPM.

Controversies

IIPM is under investigation from different agencies of the Government of India for misleading advertisements and unfair trade practices.[26]

JAM magazine and advertising claims

Main article: IIPM Advertising Controversy

In its June 2005 issue, JAM (a youth magazine) carried an article (named IIPM: Tall Claims) that claimed that IIPM's advertisements were misleading. The specific article in JAM also stated that IIPM uses ranking that have now been withdrawn by Outlook C-Fore B-School survey. [27]

Rashmi Bansal, the editor of the JAM magazine, published similar content in her blog, and this story was picked by many other bloggers as well. On 4 October 2005, IIPM sent legal notices to Rashmi and Gaurav Sabnis (another blogger who posted similar content) threatening to sue them for libel.[28] [29] IIPM also threatened to burn laptops purchased from IBM, where Sabnis was working at that time.[30] Businessworld magazine, of which Rashmi Bansal is a consulting editor,[31] in its October 2005 issue, covered the issue. The magazine reported that facilities including the swimming pool, 300-seater auditorium, seven amphitheatre classrooms, and mini golf course were restricted to IIPM's Delhi campus only. IIPM, in response to these findings, stated that "We have only one campus. The rest are branches." The magazine also reported that the average age of IIPM faculty is 27 years, and the international faculty mentioned in IIPM's advertisements only gave one-time lecture to the students. Both JAM and Businessworld magazine stated that the institute refused to provide them with detailed statistics on student placement.[17]

IIPM issued a statement countering the allegations raised by the magazines. IIPM said that these allegations were a result of inferiority complex that IIM alumni (like Rashmi Bansal and Gaurav Sabnis) suffered due to IIPM (referring to IIPM's 'Dare to think beyond the IIMs' positioning statement), and that the articles were shallow lies, and an attempt to spread baseless rumours.[32] The Outlook magazine as well as CNBC-TV18 covered the legal tussle between the IIPM and other bloggers.

In August 2007, India's Corporate Affairs Minister Prem Chand Gupta announced that IIPM is under investigation for misleading advertisements.[26]

In June 2008, The Wall Street Journal's Mint carried an article about misleading advertising by educational institutes in which it mentioned IIPM's claims about foreign faculty. [33]

Unfair trade practices investigations

In May 2007, The Monopolies and Restrictive Trade Practices Commission (MRTPC), an arm of the Indian government in charge of overseeing fair trade practices, launched investigations into the tall claims made by IIPM in its advertisements. As a result of recurrent complaints, an arm of the MRTPC will be investigating the ads and if they are found misleading, a case for unfair trade practices could be filed against the institute.[34][35]

In August 2007, India's Corporate Affairs Minister Prem Chand Gupta announced that IIPM is under investigation for misleading advertisements.[26]

UGC and AICTE objections

In October 2005, both UGC and AICTE raised objection over IIPM using the term 'Indian Institute' as part of its name. [36] The UGC also said that the IIPM cannot give MBA and BBA degrees as these can only be given by universities recognised by the UGC.[6]. IIPM confirmed that they never offered the MBA, BBA degrees (and that those were offered by IMI Belgium), and that IIPM advertisements had, and continue to promote their certifications as being "superior to MBA and BBA" courses. The words "superior to" were in a much smaller font than "MBA" and "BBA". In December 2005, AICTE raised objections over IIPM awarding degrees in foreign collaboration, and sent notice to IIPM detailing the objections. According to AICTE, as per its guidelines on foreign collaboration that came into force since 15 May 2005, IIPM is not approved to give such degrees.[37] In March 2007, AICTE issued another notice to unaccredited institutions including IIPM.[38]IIPM stated it has not, and will not apply for AICTE recognition as its programmes fall out of the purview of AICTE.[10].

Tax evasion

The Indian Government's Ministry of Finance issued a press release saying that proceedings have been initiated against IIPM for its evasion of income tax and service tax for the assessment years 2005–06 and 2006–07. The Ministry further stated that service tax paid by IIPM in the preceding two years had been nil. Information about IIPM's tax evasion was discussed in the Indian parliament too.[39] [40] [41]

Plagiarism

In August 2006, a USA Today article about plagiarism on the internet mentioned that a column by Jack and Suzy Welch was posted on the IIPM website below Arindam Chaudhuri's photo without attributions to either BusinessWeek or Jack and Suzy Welch. IIPM subsequently informed USA Today that it had rights to the Welch column through the New York Times News Service/Syndicate, and that a Welch byline was added after the USA Today inquiry because, "others could be confused." [42]

International Associations

  • CEEMAN: IIPM is a member of CEEMAN (Central and East European Management Development Association),[43] which is a global network of management institutions. CEEMAN organises courses, seminars and conferences for educators.

Publications

IIPM publishes 4 non-peer-reviewed journals:[44]

  • India Economy Review: A quarterly review of the economy for policy makers and think tanks
  • The Human Factor: A scholarly journal on best practice and research in Human Resource Management
  • Need the Dough: A scholarly journal for academics and practitioners on research the field of Accounting & Finance
  • Strategic Innovators: A collection of articles by eminent faculty and practitioners on Business Strategy

IIPM's consulting arm Planman Consulting also publishes 3 magazines and an online business newspaper, where IIPM faculty are editors:[45]

  • Business & Economy: A fortnightly with news and feature articles on India-centric, globally relevant policy and business issues
  • 4Ps: A fortnightly magazine that caters to the marketing & advertising industry's needs
  • The Sunday Indian: A weekly news magazine published in five languages across the country
  • The Daily Indian: A daily summary of business news and highlights from an Indian perspective

Cultural Activities

IIPM organises AAGMAN (a cultural evening) and A-MAZE (a 3-day festival) every year at each campus. Effectively, this means 7 cultural events and 7 b-school festivals each year across the country. AAGMAN is organised completely by IIPM students, and involves a fashion show, multiple choreographies, and theatre. A-MAZE is sponsored by industry, and attracts leading b-schools from across the country. Business plan competitions, debates and quizzes take place on campus, as participants compete for grand prizes. A-MAZE always ends with a rock show, which attracts several thousand fans. B-schools like FORE School, IIFT, MDI, International Management Institute, JIMS, ICFAI, and DU colleges like Jesus and Mary College, Shaheed Bhagat Singh College, Kamla Nehru College, Gargi College, Lady Shriram College have participated in the past. [10] [11][46]

Ranking

IIPM states that "Rankings don't matter" and it has "strong reservations on the methodology applied by most of the magazines to rank b-schools".[47]

Business Today-AC Nielsen ORG-Marg, July 2006

  • IIPM ranked 11th Best b-school overall
  • IIPM ranked 7th Favorite b-school
  • IIPM ranked 5th Best b-school by MBA students

Methodology The survey used a sample of 526 respondents comprising MBA aspirants, current MBAs, human resource professionals, young executives and functional heads of organisations. The schools were ranked using AC Nielsen's Winning Brands model. Respondents were asked to rank 30 shortlisted Business-schools on eight parameters - reputation, success of placement, quality of placement, infrastructure, faculty, teaching methodology and specialisation and admission eligibility. Based on the scores on different parameters, the model calculates the Brand Equity Index (BEI) for each school.[48]

Zee News

  • Zee News, an Indian media house, mentions IIPM as being one of the 100 "prominent management institutes" in India. Though the media listing claims to be as on the current date, the article contains no details on how the results were obtained. Additionally, the list also mentions various other Indian management institutes, like IIM Ahmedabad, IIM Kolkata, IIM Bangalore, MDI etc.[49]

Outlook C-Fore

The Outlook C-Fore Business-School survey[50] had ranked IIPM Delhi 4th in Industry Interface, 7th in International Linkages, and 8th in Extra Curricular activities in 2003. C-Fore later issued a clarification in Outlook removing IIPM from its survey[51], stating that it had "received serious complaints about the veracity of information given by them".

Alumni

  • Arindam Chaudhuri, founder, Planman group of companies
  • Asheesh Khaneja, Executive Director, Oracle, Hong Kong
  • Saurav Kumar, Co-founder, Community Friendly Movement[52]

Gallery

IIPM Tower, Hyderabad

IIPM Tower, Ahmedabad

IIPM Tower, Mumbai

References

  1. ^ Menon, Rema. "Business management seminar", 2007-01-27. 
  2. ^ a b IIPM: History, and Founder Director Dr. M.K. Chaudhuri.
  3. ^ Sachdeva, Sujata Dutta. "Exporting Education Just Dough It!", 2006-01-21. 
  4. ^ List of Unapproved Institutions Running Technical Programmes without AICTE Approval
  5. ^ List of Unapproved Institutions Running Technical Programme With Foreign Collaboration without AICTE Approval
  6. ^ a b c "UGC not happy with IIPM", moneycontrol.com, 2005-10-24. Retrieved on 2007-02-16. (English) 
  7. ^ IMI Belgium's brochure
  8. ^ a b "Managers for welfare of masses", Deccan Herald, 2004-02-12. 
  9. ^ "Education Plus Karnataka", The Hindu, 2007-01-08. 
  10. ^ a b IIPM in tune with the times
  11. ^ a b IIPM Prospectus (PDF) 44. IIPM. Retrieved on 2006-01-06.
  12. ^ [1]
  13. ^ Dhaundiyal-Panthry, Pallavee. "IIPM Steals a march in management education", The Times of India, 2004-07-12. Retrieved on 2008-06-06. 
  14. ^ "Students beware", The Times of India, 2007-03-26. Retrieved on 2008-06-06. 
  15. ^ a b "AICTE serves legal notice to over 200 institutes", The Economic Times, 2007-03-31. Retrieved on 2008-06-06. 
  16. ^ [2]
  17. ^ a b c Khanna, Aditya; Kothari, Aarti. "When the chickens come home...", 2005-10-31. 
  18. ^ [3]
  19. ^ [4]
  20. ^ Selection Process
  21. ^ Economic Times, July 2005 article about IIPM's ad spend of 5.1 crores for May 2005
  22. ^ a b IIPM Prospectus (PDF) 4. IIPM. Retrieved on 2006-01-06.
  23. ^ a b The maverick management guru - Financial Times
  24. ^ IIPM Faculty. The number of PhDs and MBAs have been counted separately. Statistics based on IIPM's website. Statistics for Ahmedabad campus are not available.
  25. ^ IIPM Global faculty
  26. ^ a b c "MRTPC, AICTE initiate action against IIPM", The Economic Times, 2007-08-14. 
  27. ^ "IIPM: Tall claims", JAM, 2008-03-08. 
  28. ^ Sabnis on IIPM's threat of libel
  29. ^ Hindu story on IIPM issuing legal threats to Sabnis
  30. ^ [5]
  31. ^ Business World Reference where Rashmi is mentioned as contributing editor
  32. ^ Outlook Magazine article- "Bite in the Blog Bark" (Requires free registration)
  33. ^ Mint Article - "The new schools that plug themselves as an alternative to the Indian rote-and- drill method really are not so"
  34. ^ MRTPC investigating tall claims made in IIPM ads
  35. ^ "MRTPC directs DGIR to probe IIPM claims in ads", The Economic Times, 2007-05-08. 
  36. ^ AICTE sends notice to IIPM
  37. ^ "AICTE raises objection to courses provided by IIPM", moneycontrol.com, December 13, 2005. Retrieved on 2007-02-16. (English) 
  38. ^ [6]
  39. ^ Indian Government's press release about IIPM's tax evasion
  40. ^ IIPM evades huge taxes
  41. ^ IIPM issued notice for tax-evasion
  42. ^ Authorship gets lost on Web
  43. ^ FT Article on IIPM joining CEEMAN
  44. ^ Publications
  45. ^ [7]
  46. ^ [8]
  47. ^ "Rankings don't matter", on IIPM website
  48. ^ "India's Best B-Schools", Business Today edition dated July 16, 2006 (page 86). Business Today Online is available only to subscribers.
  49. ^ "Zee News Education Guide of Prominent Management Institutes. [9]
  50. ^ Outlook survey of business schools
  51. ^ Outlook withdrawal of IIPM from rankings (requires free registration)
  52. ^ Youth Social Technopreneur Profiles. The World Bank (2005).

External links