Indian Institute of Management Bangalore
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.
Motto in English
|May our study be brilliant and effective|
|Type||Public business school, Institute of National Importance|
|Nickname||The Place to B|
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. 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.
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. 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.
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.
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. 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. Consequently, in 2018, IIM Bangalore became the first IIM to award MBA degree to the graduates of the Post Graduate Programme in Management.
|Business – international|
|Financial Times (MiM) (2016)||19|
|Financial Times (MBA) (2017)||49|
|Financial Times (MBA) (2019)||33|
|QS (MBA) (2019)||71|
|QS (MBA-Asia) (2019)||9|
|Business/Management – India|
|Business Today (2016)||3|
IIMB was ranked #1 among management schools by the National Institutional Ranking Framework (NIRF) in 2019. It was also ranked third by Business Today's "India's best B-schools 2016". In India, IIM Bangalore has been ranked #3 by InsideIIM in its list of "India's Most Desirable B-Schools" in 2019.
Worldwide, the Financial Times has ranked IIM Bangalore #19 in its Masters in Management Ranking 2016 and #49 in its Global MBA Ranking 2017. The QS Global MBA Rankings 2019 ranked it #71 in the world and #9 in the QS Global MBA Rankings 2019 : Asia. The QS Global EMBA Rankings 2018 ranked it at #63.
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. IIM Bangalore has announced a 2-year program in business analytics that will start from 2020.
IIM Bangalore successfully mentored IIM Trichy when it was established in 2011. Currently it mentors IIM Visakhapatnam from its establishment in 2015. IIM Visakhapatnam operates from temporary campus inside Andhra University. It follows similar PGP program with faculty coming from 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. 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.
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.
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.
Hostels and 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.
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.
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. 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.
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 Council
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 .
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.
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.
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.
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.
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, KK, Kailash Kher, Lucky Ali, Strings, Jethro Tull, Indian Ocean.
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.
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.
IIMBUE - IIMB Leadership Conclave
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.
Women Leadership Summit
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.
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.
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:
- J Ramachandran, Chartered accountant, first Bain fellow in India and rated one of the best b-school professors in India
- Mendu Rammohan Rao, Former Director of IIM Bangalore and Dean Emeritus of Indian School of Business
- Prakash Apte, former Director of IIM Bangalore and UTI Chair in Capital Market Studies
- R Narayanaswamy, Chartered accountant, Visiting Professor at Manchester Business School and Osaka University and rated one of the best b-school professors in India
- Rajeev Gowda, Spokesperson for the Indian National Congress and former Chairperson of the Centre for Public Policy
- Ravi Neelakantan, Senior Fellow at Centre for Public Policy, IFS Officer and former diplomat
- Trilochan Sastry, Former Dean (Academic) and visiting professor at International University of Japan, Hong Kong University of Science and Technology and Indian School of Business
- N. S. Ramaswamy, Founder director of IIMB and Padma Bhushan recipient
- Gita Sen, Professor Emeritus, feminist scholar and specialist in international population policy; consultant for the United Nations System
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 culture
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.
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. After protest by activists led by Dr Malghan, Hindustan Unilever admitted before court to being guilty in the case in 2010. Dr Malghan wrote letter to IIM students urging them to dis-invite Hindustan Unilever during campus placement, which led to a raging controversy
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