The Indian Institutes of Management (IIMs) are India’s premier management institutes that have, for the past four decades, shaped management practices in India and abroad by creating new frontiers of knowledge and developing entrepreneurial, ethical, dependable and socially sensitive leaders-managers committed to excellence.The IIMs were created by the Indian Government with the aim of creating a pool of elite world class managers. They offer post-graduate courses in management, fellowship programs in management (equivalent to PhD), executive MBA and industry based programs, as well as actively carry out research and consultancy for the industry, including the needs of non-corporate and under-managed sectors such as agriculture, rural development, public systems management, energy, health education, habitat, etc.As also highlighted by Economist Intelligence Unit, the admission process for the IIMs is amongst the most competitive exams in the world with success rate of 1 in 1200. They have the highest International placements among business schools in India, with roles and compensation at par with the best international business schools.
The achievements and success of IIM alumni bear testimony to the high standards of excellence of management education. Alumni from the IIMs have made their mark in all sectors of the economy in India and across the globe.