Indian Institute of Management Calcutta

This article is about a management institute in Kolkata, India. For the similarly named institutes, see Indian Institute of Management.
Indian Institute of Management Calcutta
भारतीय प्रबंधन संस्थान कलकत्ता
Logo of IIM Calcutta
Motto ज्ञानं सर्वहिताय (Jñānam Sarvahitāya)
Motto in English
 Knowledge for the benefit of all
Type Public business school
Established 13 November 1961 (1961-11-13)
Chairman Ajit Balakrishnan
Dean

Uttam Kumar Sarkar

Biju Paul Abraham
Director Saibal Chattopadhyay
Academic staff
 92
Students 1714
Postgraduates 868
65+
Location Kolkata, West Bengal, India
22°26′44.20″N 88°18′11.79″E / 22.4456111°N 88.3032750°E / 22.4456111; 88.3032750Coordinates: 22°26′44.20″N 88°18′11.79″E / 22.4456111°N 88.3032750°E / 22.4456111; 88.3032750
Campus Urban, 135 acres (0.5 km2)
Nickname Joka
Affiliations AACSB, AMBA, EQUIS
Website www.iimcal.ac.in

Indian Institute of Management Calcutta (भारतीय प्रबंधन संस्थान कलकत्ता), abbreviated as "IIM Calcutta" or "IIMC", is a public business school located in Kolkata (Calcutta), West Bengal, India. It was the first Indian Institute of Management to be established.[1] It is consistently ranked as one of the leading business schools in India and the Asia Pacific region.[2][3][4][5]

Established in 1961,[1] IIM Calcutta is a fully autonomous institution and offers several postgraduate and doctoral programmes in management, as well as a bouquet of executive education programmes. In addition to its main academic programmes, IIM-C is also engaged in research, consultancy, seminars, academic conferences and research publications.[6][7][8]

IIM Calcutta's programs are accredited by AACSB, AMBA and EQUIS : it is the only Indian b-school with the triple global accreditations.[9] It is also the only Indian business school that is a member of the Global Alliance in Management Education (CEMS).[10] IIM-C is especially renowned for its finance-related courses, and is widely considered to be one of the best business schools in the world for finance.[11][12][13][14]

History

After India became independent in 1947, the Planning Commission was entrusted to oversee and direct the development of the nation. India grew rapidly in the 1950s, and in the late 1950s the Commission started facing difficulties in finding suitable managers for the large number of public sector enterprises that were being established in India as a part of its industrial policy. To solve this problem, the Planning Commission in 1959 invited Professor George Robbins of the University of California to help in setting up an all India level institute of management studies. Based on his recommendations, the Indian government decided to set up two elite management institutes, named Indian Institutes of Management.[15]

Indian Institute of Management Calcutta was the first of these IIMs, and was established on 13 November 1961[1] in collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation and the Indian industry. Its first Director was K. T. Chandy, the former Chairman of Hindustan Unilever Limited. During the initial years of IIM Calcutta, several renowned academics and visionaries formed part of its core team, including Paul Samuelson, Jagdish Sheth, J K Sengupta, Peter S King, and Thomas Hill.[16]

In its initial years, IIM Calcutta operated from Emerald Bower, Barrackpur Trunk Road, Kolkata. The foundation stone of the current IIM-C campus in Joka, Kolkata, was laid by Morarji Desai, who was then the Deputy Prime Minister of India on 15 Dec 1968. The institute moved to the new campus in 1975.[17]

Academics

IIM Calcutta offers five main full-time academic programmes:[18]

As a member of the Global Alliance in Management Education (CEMS), IIM Calcutta also offers the CEMS Masters in International Management degree.

In addition to the above, IIM-C offers other programmes like:

Post Graduate Programme (MBA): PGDM & PGDCM

IIM Calcutta's Post Graduate Programme (PGP) is equivalent to the MBA, and is composed of two distinct academic programmes: the PGDM and PGDCM.[24][25]

The Post Graduate Diploma in Management (PGDM) is a full-time, two-year residential academic programme designed to produce general managers and high-level business administrators with a broad strategic vision. This programme usually starts in June and runs till April of the second year. PGDM at IIM Calcutta is a general, fully integrated management programme, and includes courses in Accounting, Behavioural sciences, Finance, Economics, Human Resource Management, Marketing, Business operations, Public policy, Strategy and General management.[26]

The Post Graduate Diploma in Computer aided Management (PGDCM), started in 1994, is similar to the PGDM, but with a special emphasis on Information technology and its business applications.[16] It is aimed at creating business professionals who know how to apply Information and communication technology (ICTs) in business management.

The Post Graduate Programme, including both PGDM and PGDCM, is composed of a core curriculum composed of compulsory credit and non-credit courses in the first year, and a set of elective courses in the second year, chosen according to the wishes of the student. The first year curriculum is designed to help students in developing a solid base of business fundamentals in courses in all areas of management, while the second year is structured so that students can select courses of their choice from across diverse fields. In the second year, students can take up term papers under faculty supervision in order to delve deeply into specific topics.

The two years of the Post Graduate Programme are divided by a mandatory summer internship programme that typically lasts between eight to ten weeks in April–May of the year after commencement of the programme.

CEMS Masters in International Management (CEMS MIM)

In 2012, IIM Calcutta became a member of the Global Alliance in Management Education (CEMS). As a member of CEMS, IIM Calcutta offers the CEMS Masters in International Management (CEMS MIM) degree. Selected students from the PGP programme who also satisfy the requirements for CEMS are given the option of the MIM as an additional degree.

Fellow Programme in Management (FPM)

The Fellow Programme in Management (FPM) of IIM Calcutta is a full-time Doctoral level programme in management.[27] Started in 1971, this programme is aimed at preparing students for careers in teaching or research in different disciplines of management, as well as for careers outside academics that demand a high degree of research and analytical abilities. Students who complete this programme are awarded the title Fellow of the Indian Institute of Management Calcutta.

The FPM Programme typically consists of two phases: coursework – which lasts for two years (6 terms) during which the FPM students take courses along with students undergoing the Post Graduate Programme (PGP), and the dissertation.[28] Students who complete the coursework phase with the required academic records have to pass the Comprehensive Qualifying Examination (CQE) before moving on to the dissertation phase. The FPM programme provides the opportunity to pursue academic or corporate career with a focus on research.[29] This programme is officially recognised as equivalent to a PhD by the Government of India and by the Association of Indian Universities.

The FPM allows students to specialise in the following areas:[30]

Post Graduate Program for Executives (PGPEX)

The PGPEX Program is IIM Calcutta's Full Time MBA program for executives.[31] Introduced in December 2006, it is a fully residential, one-year intensive program designed to develop experienced and ambitious executives for leadership positions in global organisations.[32] The program emphasises practical problem-solving and the development of cross-cultural skills, and is structured as an appropriate mix of classroom lectures, case studies, and individual & team projects & assignments aimed at improving communication, team-building and leadership skills.[31][32] Participants in the program are required to undertake either an industry internship or an international project during an international study tour for a period of around four weeks. The program is delivered by IIM-C faculty as well as internationally renowned faculty from other institutions. Keeping in minds its orientation to prepare managers for International Business, a cross cultural learning component through an international immersion programme has been included in the program. Students in the recent years have visited Foster School of Business, University of Washington, US and Mannheim Business School, Germany for 2-week international immersion component.

One of the highlights of the PGPEX program is Lattice, the annual business symposium at IIM Calcutta organized by PGPEX students. Another notable component of the PGPEX program is 'Being the CEO', which is a series of lectures by CxO's addressing the program participants on matters related to strategy, execution and their role in all the actions.

More than 5 years of managerial/professional experience post bachelor's degree is essential to apply in PGPEX. The average experience of the class is around 9 years. A valid GMAT score (taken within last 36 months of Application date) is also required. Selection of candidate in PGPEX is based on Professional Experience, Academic Record, GMAT Score and Personal Interviews. In addition to this, candidates are required to submit a statement of purpose, couple of essays and recommendations from two referees holding senior managerial positions.[31]

Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM)

The Post Graduate Programme for Executives for Visionary Leadership in Manufacturing (PGPEX-VLM) is a Full Time MBA programme administered by IIM Calcutta along with two other premier Indian educational institutes: IIT Kanpur and IIT Madras.[33] The programme was designed by the three institutes in consultation with industry bodies like Confederation of Indian Industry (CII), Japan International Cooperation Agency (JICA), the National Manufacturing Competitiveness Council (NMCC) of the Government of India and India's Ministry of Human Resource Development. It is a one-year, rigorous programme with a heavy focus on the manufacturing sector, and is drawn on the lines of MIT's Leaders for Global Operations (LGO) (formerly called Leaders For Manufacturing (LFM)) programme, run jointly by MIT Sloan School of Management and MIT's School of Engineering.[34] Candidates with substantial professional experience are selected for this programme every year, and these students spend the one year attending courses in all the three institutes, and visit industries and undergo internships. Candidates, who come from diverse industries like Engineering, Power, Metal and Mining, Automotive & Auto-ancillaries, Shipping & Logistics, Aerospace, FMCG, Oil & Gas, Information Technology, Management Consulting and Railways, are often sponsored by their respective companies.[35][36] A joint Post Graduate Diploma in Management for Executives in Manufacturing (PGDM-VLM) by IIM Calcutta, IIT Kanpur and IIT Madras is awarded to candidates after the successful completion of the programme.

In 2007, a Memorandum of Understanding was signed by the governments of India and Japan, according to which the Japanese government would extend its support to the transfer of Japanese expertise and visits to manufacturing centres of excellence in Japan for the PGPEX-VLM programme.[33]

Rankings

Institute rankings
Business – international
QS (MBA-Asian)[2] 9
Medical - India
Business – India
Business Today[3] 2
Hindustan Times[4] 3
CNBC-TV18[37] 3

IIM Calcutta's flagship PGP program was ranked #16 in the world, in the Financial Times Masters in Management rankings 2015.[38] In the same ranking, it was ranked no. 1 worldwide in Finance and Economics. IIM-C was ranked ninth by the QS Global 200 Business Schools Report in the Asia-Pacific region for 2012.[2]

In India, IIM Calcutta was ranked #2 by Business Today 2015,[39] Outlook 2015,[40] India Today,[41] The Hindu BusinessLine-MBA Universe 2016.[42] IIM-C was ranked #3 by Business World 2015,[43] Careers360 2015[44] and National Institutional Ranking Framework.[45]

Campus

The main campus of IIM Calcutta, covering 135 acres (0.5 km2) of area, is located in Joka, on the outskirts of Kolkata, India. The institute moved to its present campus in 1975.[17] IIM Calcutta is regarded as the B-School which offers the best on-campus living experience amongst Indian B-Schools.[46]

Teaching Blocks

IIM Calcutta's main Academic Block is situated next to the main administrative building and has four large lecture halls and several additional classrooms.[17] Another academic building named New Teaching Block was opened in 2000 to supplement the main block. All classrooms and lecture halls are air conditioned and have advanced audio-visual and multimedia capabilities. A new Academic Block has also been constructed and was declared open by the Prime Minister of India, Dr. Manmohan Singh in August 2011.

IIM Calcutta's Auditorium
The Auditorium at IIM Calcutta

Auditorium

The Auditorium at IIM Calcutta, popularly called the Audi, is considered to be the best among any academic campus in India, and hosts most of the important functions in the campus like the convocation, conferences, student events and talks.[47] The facility seats 750 people and was built at a cost of over ₹90 million (US$1.3 million).[17] It is fully air-conditioned and is equipped with ultra-modern equipment including professional audio and visual systems.[47]

Library

The IIM-C library is named Bidhan Chandra Roy Library or BC Roy Memorial Library, after Bidhan Chandra Roy, the second Chief Minister of the state of West Bengal and the first Chairman of the institute. The library is primarily envisioned to meet the requirements of the IIM-C's academic programmes. The largest management library in Asia, it was started with a grant from the Ford Foundation.[17] It houses over 160,000 volumes and also subscribes to hundreds of management journals and provides access to a large collection of electronic databases. The library processes and functions are fully computerized and in addition to print material, it provides access to more than 40,000 online full text journals.[48]

IIM Calcutta's MCHV
The MCHV building at IIM Calcutta

Management Center for Human Values

The Management Center for Human Values (MCHV) is aimed at "integrating the soft and subtle dimension of human values with the mainstream of skill-dominated management education".[17] Its mission is to integrate the soft and subtle dimension of human values with the mainstream of skill-dominated management education. The center is located in separate buildings in a serene part of the campus, surrounded by beautiful gardens. Its striking conical buildings are architecturally striking from the outside and are designed to be quite sanctums of learning and contemplation on the inside.

Hostels & Accommodation

IIM-C has 4 main hostels for students pursuing its PGDM, PGDCM and Fellow programmes – Ramanujan Hostel (colloquially called Old Hostel), Tagore Hostel & Annexe (collectively called the White Hostel), New Hostel and Lake View Hostel. Students with families are provided separate family accommodation. However, PGP students are provided single boarding accommodation only. Preference is given to FPM & PGPEX students for hostel allotment. There are separate hostels for PGPEX and PGPEX-VLM programmes. Single accommodation for PGPEX students is arranged in Management Development Center(MDC). MDC is managed by Hotel Sarovar and facilities provided are equivalent to 3-star hotel accommodation. Students pursuing other courses are usually provided accommodation in the Tata Hall, the guest house in the campus.[17]

Financial Research and Trading Lab

Established in November 2008, the Financial Research and Trading Lab at IIM Calcutta gives an opportunity to students and faculty members to test financial models with "live" information from the major markets of the world like India's National Stock Exchange, Multi Commodity Exchange, National Commodity and Derivatives Exchange, Bombay Stock Exchange and Bloomberg.[49] The lab is the only one of its kind in India, and has advanced industry-standard equipment and facilities including 51 trading terminals, trading simulators and Bloomberg Terminals.[50] The lab is aimed to help in academic programmes, research on financial markets, product design and testing, executive education and in organising international and national conferences on finance.[51] The laboratory gives students a hands-on experience in financial market data analysis and modelling, and also helps in advanced applied research in financial markets.

New Campus

IIM Calcutta Campus
Mini Howrah Bridge
The Jetty
One of the 7 Lakes
Auditorium from across the Lake

The New Campus is composed of two large "houses" each accommodating 175 students in private rooms with attached balconies. A multi-level Student Commons with two levels of dining seating 200 covers on each floor and a large recreation area on the top floor serves the intellectual community. An Executive Centre with 200 suites and rooms, having training and syndicate rooms and well fitted executive dining and recreation areas is well under construction.

This new residential campus is connected to the existing campus via an innovative steel bridge which was awarded the most innovative steel structure in India in 2010 by the Indian Institute of Steel Research and Development, Ministry of Industries, GOI.

In the main campus a new Academic wing was opened in early 2011 that accommodates amphitheater lecture halls, computer laboratories, incubation areas, faculty offices, class rooms and syndicate rooms on five levels. A new Amphitheater Complex with five large amphitheaters of which two are for 200, 150 and 100 seats respectively shall enhance the teaching capacity of the Institute. These striking structures will enclose the Academic Quadrangle that will become the central focus of the new campus.

The new campus plan and the new buildings are designed by the internationally acclaimed architect Christopher Charles Benninger of Pune, India.

Student life

Societies & Clubs

There are several student-run clubs at IIM Calcutta.[52] Clubs usually have faculty members as guides and consultants, though they are actually managed by students.

Centre of Entrepreneurship and Innovation

The Centre for Entrepreneurship and Innovation (CEI) at IIM-C provides support for the creation of new business ventures by providing consulting services in evaluating opportunities, identifying resource requirements, helping in acquiring resources and managing new startups.[53] It is also involved in entrepreneurial research and case development, and organises various events in the campus. The flagship event of CEI is the Annual International Entrepreneurship Summit.[54]

Operations Club

Operations Club at IIM Calcutta strategically aligns the interest of students towards Operations and Supply Chain Management domain. Operations club has been one of the best rated clubs at IIM Calcutta. The group has provided numerous live projects to student community apart from organising various events of National Levels like Roti Kapda Makan, State of Affairs etc. Operations Club has also launched second edition of PAN IIM Operations Magazine.Recently Operations Club associated with organizations incl. Amazon, L&T, Kolkata Police for knowledge partnership.

Consulting Club

The Consulting Club provides its members with opportunities to get involved in real-life consulting projects that would provide them hands-on experience in the consulting domain.[55] The club leverages IIM-C's strong alumni network and traditional relationships with management consulting firms to arrange various networking events that help students interact with practitioners in the consulting industry to gain a better understanding of the industry. The Consulting Club organises various competitions and events, and publishes an electronic magazine called The Joka Strategist. It also partners with peer groups in IIM Ahmedabad and IIM Bangalore for a magazine named AUDIRE.[56]

Internet Solutions Group

The Internet Solutions Group (ISG) at IIM Calcutta is a student team that works to make life on campus more convenient and efficient through the use of internet based applications and technology. The ISG is an entirely student-run entrepreneurial effort that touches almost every aspect of campus life at IIM Calcutta. Composed entirely of student volunteers, the ISG is a highly motivated team that drives innovation, development, improves workflows and facilitates the development of cutting-edge technology for the college website and intranet.[57]

Entrepreneurship Cell

Usually referred to as the E-Cell, the Entrepreneurship Cell at IIM Calcutta aims to support and encourage entrepreneurship.[58] The E-Cell has strong ties to TiE and the National Entrepreneurship Network, a non-profit organisation that aims to create and support high-growth entrepreneurs in India. The club organises i2I (Ideas to Implementation), a renowned annual B-plan competition, Ascent, an annual entrepreneurship workshop, and various other events.[59]

Finance & Investments Club

Popularly called the Fin Club, Finance & Investments Club collaborates with corporates and academia from the financial sector to provide a platform for students to improve their quantitative and analytical skills.[60] Leveraging IIM Calcutta's traditional strength in finance, the club organises seminars, industry talks, workshops and finance-based simulated games. In 2009, it helped in organising an International Finance Conference, which is now planned to be held as an annual event.[61]

Initiative for Community Action (INCA)

INCA or INitiative for Community Action is an initiative of the students of the Indian Institute of Management Calcutta focused on social work and community action.[62] Modeled on the Initiative on Social Enterprise (ISE) at Harvard Business School, INCA's activities are primarily in the form of free management consulting service to voluntary organisations, NGOs and others doing useful social work.[63]

OutTh!nk

OutTh!nk is a student club that focuses on puzzles and brain-teasers.[64] It organises various competitions based on logical puzzles, strategy and game theory. The flagship event of OutTh!nk is Pixellated Chaos, a competition held as a part of Intaglio, that mixes the elements of game theory, collusion and treasure hunt.[65]

IIM Calcutta Quiz Club

One of the oldest quizzing societies in India, ICQC officially organises quizzes within the college on a regular basis and conducts quizzes on IIM Calcutta’s behalf during off-campus college fests. Members of the ICQC have done exceedingly well in quizzes all over the country and have earned great repute and respect in quizzing circles. Recently, Jayashree Mohanka, an alumnus from the 1983 batch was crowned national champion by winning the Mahaquizzer title in June 2012. By doing so, she became the first ever woman contestant to win the prestigious title.[66]

Systems Consulting Club

The Systems Consulting Club of IIM Calcutta provides a platform for prospective managers to gain experience with real-life issues and problems in technology-related areas.[67] The flagship event of the club is Enigmatics, an annual technology quiz that pits the top management students of India against each other, testing their knowledge about various fields of technology. In addition to Enigmatics and other smaller-scale events, the club organises and supports major events in Intaglio, IIM Calcutta's annual international Business school meet. The club also publishes a magazine, CrossRoads, which reviews major technology-related news stories from around the world, and also publishes technology-oriented papers and essays by students and researchers.[67] The overall objective of the club is to facilitate the development of a good understanding about relevant business processes, coupled with deep practical knowledge about underlying technologies.

Other major student clubs at IIM Calcutta

The following is a partial list of other clubs and Special Interest Groups on campus:

Student Exchange Programmes

IIM Calcutta has an extensive network of partner B-schools worldwide through which it conducts student exchange programmes. For the Post Graduate Programme, the student exchange programme (STEP) is usually held in the fifth term, between August–September and December. Every year during this period, more than a hundred students from IIM Calcutta leave for foreign institutes, and an equivalent number from various B-schools arrive in IIM Calcutta to spend the term there. Other academic programmes of IIM-C also offer exchange programmes. The institutes with which IIM Calcutta has student exchange relationships are[77]

Europe
Asia Pacific
Americas

Joka Times

Joka Times is the student-run online campus magazine-journal of IIM Calcutta.[78] It serves as a one-stop site for the latest events, news and updates on IIM Calcutta, and showcases the student-life at IIM-C. Joka Times also hosts a forum, through which students applying for courses at IIM Calcutta are guided by existing students at the institute.[79]

Events

Intaglio

Intaglio is the annual international Business school summit hosted by Indian Institute of Management Calcutta. The flagship event of IIM-C, it was started in 1992 as the National Business School Meet (NBSM),[80][81] and is widely acknowledged to be the biggest B-school meet in India.[82] Intaglio, usually held over a 3-day weekend in January, serves as a platform facilitating the interaction of eminent personalities from the industry, academia, media and government, holding conferences, workshops and seminars by experts in different fields on a wide range of topics.[83][84][85][86] Intaglio also includes a large number of competitive and non-competitive events for B-school students, which attract participation from world-renowned institutions from around the world, like Asian Institute of Technology, Australian Graduate School of Management, CEIBS, ESCP Europe, Harvard Business School, other IIMs, London Business School, MIT Sloan, National University of Singapore, University of Toronto and the Wharton School.[86][87] As a mark of its superior quality of events and processes, Intaglio in 2007 became the first event of its kind in India to achieve the ISO 9001:2000 certification from the International Organization for Standardization.[88][89] In 2010, Intaglio got the distinction of being the first carbon-neutral B-school event in India.[90]

The major regular events at Intaglio include:[91]

Carpe Diem

Carpe Diem is the annual cultural fest organised by the students of IIM Calcutta. It's usually held over a 3-day weekend in February, and attracts participation from colleges and schools across India. It is the largest B-School Cultural Fest in Eastern India. In 2013, it had over 12000 participants from 100+ colleges.[92]

The major regular events at Carpe Diem are:[93]

Lattice

Lattice is the annual business symposium organized by the PGPEX students of IIM Calcutta. It is a platform that facilitates interaction of students of IIM Calcutta with leaders of Indian society and industry. Lattice is usually held in October. It attracts guests from different spheres of Indian industry, society, IIM Calcutta alumnus, and students from different business schools. The event was started in year 2010. Eminent speakers from diverse industries have graced the symposium. It also has other exciting events such as a Business Quiz, Panel Discussions and alumni meet in store.

Notable people

Alumni

See also Category:Indian Institute of Management Calcutta alumni

IIM Calcutta has a 15,000+ strong alumni network. Over the years, alumni of IIM Calcutta have taken up strategic positions in organisations around the world. IIM-C alumni include prominent entrepreneurs and business executives like Indra Nooyi (Chairman and CEO of PepsiCo), Ajit Balakrishnan (Founder, Chairman & CEO of Rediff.com), Srinath Narasimhan (MD and CEO of Tata Teleservices) and P M Murty (MD & CEO of Asian Paints). Other notable alumni include academics and scholars such as Ramchandra Guha and Krishna Palepu, and authors like Amish Tripathi and Swati Kaushal, and renowned mountaineer Malli Mastan Babu. Amolak Rathan Kohli, an MBA graduate from the first batch of IIM Calcutta, was the Governor of Mizoram from 2001 to 2006.

The Alumni Cell at IIM Calcutta manages interactions with the Alumni network and keeps them involved in important events in the institute. Every year the Alumni Cell conducts two major events:

Faculty and staff

See also Category:Indian Institute of Management Calcutta faculty

Past and present faculty at IIM Calcutta include many prominent scholars such as historians Barun De and Rajat Kanta Ray, economists Paul Samuelson and Deepak Nayyar, statistician Rahul Mukerjee, Jagdish Sheth, and Warren Bennis. Yoginder K Alagh, a former union minister in the Government of India, previously taught Economics at IIM-C. Ashok Mitra, a marxist economist who was a professor at IIM-C later became the Finance Minister of the state of West Bengal.

References

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