What is the full form of IIM

IIM: Indian Institute of Management

IIM stands for Indian Institutes of Management. It was the initiative taken by the recommendation of the Planning Commission during the reign of India's first Prime Minister, Pt. Jawaharlal Nehru. IIMs are business schools that provide undergraduate, postgraduate, doctorate and executive level educational programs. Some other additional courses are also offered in the field of business administration for the students. It is a central government-owned public institution and works on the recommendation of the Planning Commission of India.

As per the Ministry of Human Resource Development (MHRD), the Indian Institutes of Management (IIMs) are declared as institutions of national importance. This happened after the passing of the Indian Institutes of Management Act of 2017. The passing of this act gave the IIMs more liberty to make their day-to-day decisions and to function, as the act has transformed the governing body of the IIMs from an IIM council to an IIM coordination forum. Post this change; they had more freedom in deciding their courses, fee structure, and other related matters. As per the ranking taken out based on the National Institutional Ranking Framework (NIRF), used by the Indian Human Resource Development Ministry, some of the top IIMs are among the top 10 ranked management schools in the country. They include IIM Calcutta, IIM Bangalore and IIM Ahmedabad.

History of IIMs

Post-independence in 1947, the Planning Commission was tasked to look after the nation's development. It was in the late 1950s that the Planning Commission saw the deficiency of managers. To take charge, the Planning Commission called UCLA (University of California, Los Angeles) Professor George Robbins in 1959. He recommended establishing two high-level management institutes, named Indian Institutes of Management. Hence, the first two IIMs were established in Calcutta and Ahmedabad. After this, slowly and steadily, by getting a review from the committee set and many recommendations, more IIMs got established.

Courses Offered

Most commonly, the IIMs offer educational programs for undergraduate, postgraduate, doctoral, and executive levels. Many of the IIMs offer similar programmes; however, some have a unique combination of subjects for a specialized purpose. Short-term Executive MBA courses are provided in most of the IIMs, along with part-time programmes. Some IIMs also offer Year Integrated Management and Working Managers' Programs.

The admission process followed in IIMs

As IIMs offer various educational programs, the admission procedures for all such offerings are almost the same. For enrolling on the two-year PGP programs, admission is based on the score of the Common Admission Test (CAT). However, for those applying from overseas or who are not residents of India; for them, the score of the Graduate Management Admission Test (GMAT) is considered instead of CAT. To join the one-year course for experienced executives, GMAT scores are the first requirement.

Besides getting admission to the doctoral program of IIMs, the requirement varies. For some courses, a presentation is to be made, and elsewhere it is to pass the Research Aptitude Test (RAT), which is followed by a round of interviews. Some of the courses also require recommendations from academicians or professionals. Along with the entrance test scores, the candidate's previous profile is also considered during admission.

List of Institutes

1. IIM Ahmedabad is known as IIM-Aand was established in 1961 in Ahmedabad, Gujarat.
2. IIM-B, which is the IIM Bangalore, was set up in 1973 in Bangalore, Karnataka.
3. IIM-C, known as the IIM Calcutta, was established in 1961 in Kolkata, West Bengal.
4. IIM-L, which is the IIM Lucknow, was set up in 1984 in Lucknow, Uttar Pradesh.
5. IIM Kozhikode is known as IIM-K and was established in the year 1996 in Kozhikode, Kerala.
6. IIM-I, known as the IIM Indore, was established in 1996 in Indore, Madhya Pradesh.
7. IIM Shillong is abbreviated as IIM-S and was established in the year 2007 in Shillong, Meghalaya.
8. IIM Raipur is abbreviated as IIM-Raipur and was established in the year 2010 in Raipur, Chhattisgarh.
9. IIM Ranchi is abbreviated as IIM-Ranchi and was established in the year 2010 in Ranchi, Jharkhand.
10. IIM-Rohtak is known as the IIM Rohtak itself. It was established in 2010 in Rohtak, Haryana.
11. IIM Kashipur is abbreviated as IIM-Kashipur. This centre of IIM was established in 2011 in Kashipur, Uttarakhand.
12. IIM Tiruchirappalli is known as IIM-T and was established in the year 2011 in Tiruchirappalli, Tamil Nadu.
13. IIM Udaipur is known as IIM-U. It was set up in 2011 in Udaipur, Rajasthan.
14. IIM Amritsar is known as IIM Amritsar and was established in 2015 in Amritsar, Punjab.
15. IIM-BG is known as IIM Bodh Gaya. It was established in 2015 in Bodh Gaya, Bihar.
16. IIM Nagpur was established in the year 2015 in Nagpur, Maharashtra, and is known as IIM-N.
17. IIM Sambalpur is known as IIM Sambalpur and was established in the year 2015 in Sambalpur, Odisha.
18. IIM Sirmaur is abbreviated as IIM Sirmaur and was established in 2015 in the Sirmaur district of Himachal Pradesh.
19. IIM Visakhapatnam is abbreviated as IIM-V and was established in the year 2015 in Visakhapatnam, Andhra Pradesh.
20. Established in 2016 in Jammu, Jammu and Kashmir, IIM Jammu is abbreviated as IIM-J.