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IIM Calcutta

In the realm of management education, the Indian Institute of Management Calcutta (IIM Calcutta) stands as an epitome of excellence, not just within India but on the global stage. Established in 1961, it was the first Indian Institute of Management to be set up, marking the beginning of a revolution in management education in the country. 

Over the years, IIM Calcutta has consistently been ranked among the top management institutes worldwide, earning reputable laurels for its academic rigor, research contributions, and industry interface. 

All About IIM Calcutta

The Indian Institute of Management Calcutta still shines bright with the light of excellence in management education, embodying a rich legacy of academic rigor, research innovation, and industry relevance. From its humble beginnings to its current stature as a global leader, IIM Calcutta has remained steadfast in its mission to nurture socially responsible leaders who can navigate the complexities of the modern business landscape with integrity and wisdom.

As it continues to evolve and adapt to the changing dynamics of the global economy, IIM Calcutta remains committed to its core values of excellence, diversity, and inclusivity, shaping the leaders of tomorrow and leaving an indelible mark on the world of business and management.

In this detailed guide, we will dive deep into the happenings of IIM Calcutta, exploring its history, programs, faculty, infrastructure, and its impact on the world of business and management.

History

The genesis of IIM Calcutta can be traced back to the vision of India’s first Prime Minister, Pandit Jawaharlal Nehru, and the recommendations of the AICTE (then AIEE) Committee headed by Professor Ravi J. Matthai. With the aim of fostering excellence in management education and research, IIM Calcutta was established in collaboration with the Alfred P. Sloan School of Management (MIT), the Government of West Bengal, the Ford Foundation, and the Indian industry.

From its modest beginnings at the campus of the prestigious Jadavpur University, IIM Calcutta has come a long way. In 1975, it moved to its sprawling 135-acre campus in Joka, on the outskirts of Kolkata, which now serves as a hub for academic activities, research endeavors, and industry collaborations.

Academic Programs

IIM Calcutta offers a range of full-time and part-time programs catering to diverse needs and aspirations:

Post Graduate Program in Management (PGP)

The flagship two-year residential program, renowned for its rigorous curriculum, experiential learning, and global outlook. PGP at IIM Calcutta has consistently been ranked among the top management programs worldwide, attracting the best talent from across the globe.

Fellow Program in Management (FPM)

Catering to scholars aspiring for a career in academia or research, FPM provides a platform for in-depth exploration of management theories and practices. With its focus on strong research, FPM contributes significantly to the advancement of knowledge in management domains.

Post Graduate Diploma in Business Analytics (PGDBA)

In collaboration with IIT Kharagpur and ISI Kolkata, PGDBA is a unique program blending management principles with analytics expertise, addressing the growing demand for data-driven decision-making in the corporate world.

Executive Education Programs

IIM Calcutta offers a plethora of executive education programs tailored for mid-career professionals and senior executives seeking to enhance their leadership capabilities and stay ahead of emerging business trends.

Faculty

A distinguishing feature of IIM Calcutta is its eminent faculty comprising seasoned academicians, industry practitioners, and thought leaders. The institute has a diverse pool of faculty members with expertise spanning various domains such as finance, marketing, operations, strategy, organizational behavior, and entrepreneurship.

What sets the faculty apart is not just their academic credentials but also their industry exposure and research contributions. Many faculty members are actively involved in consultancy projects, executive training programs, and policy advocacy, thereby bridging the gap between theory and practice.

Research and Publications

Research is the lifeblood of any academic institution, and IIM Calcutta takes pride in its vivid research ecosystem. Faculty members and research scholars are engaged in groundbreaking research across a wide spectrum of management disciplines, publishing their findings in top-tier academic journals and presenting them at international conferences.

The institute also houses several research centers and institutes focusing on specialized areas such as entrepreneurship, public policy, operations management, and behavioral sciences. These centers serve as incubators for innovation and collaboration, supporting interdisciplinary research initiatives and industry partnerships.

Infrastructure

Located amidst lush greenery, the scenic campus of IIM Calcutta provides an ideal setting for learning, innovation, and recreation. The top-class infrastructure comprises modern classrooms, lecture theaters, seminar halls, auditoriums, and computer labs equipped with the latest technology and amenities.

The campus also consists of world-class residential facilities for students, faculty, and staff, supporting a vivid community spirit and enabling round-the-clock learning opportunities. Other amenities include a well-stocked library, sports facilities, recreational centers, and student lounges, ensuring a holistic learning experience beyond the confines of the classroom.

Industry Interface and Placements

One of the hallmarks of IIM Calcutta‘s academic philosophy is its strong industry interface, forged through strategic partnerships, corporate collaborations, and immersive industry engagements. The institute maintains close ties with leading corporations, government agencies, multilateral organizations, and startups, facilitating knowledge exchange, internship opportunities, and placement assistance for students.

Final Placements 

IIM Calcutta successfully concluded its final placement week for the 58th batch of its flagship 2-year MBA program on February 24, 2023, securing 573 offers for 465 students. 

Highlight of 2023 Placements 

  • The placement drive utilized a cluster-cohort process, ensuring equal interview opportunities for all firms within a cluster. Conducted in a hybrid mode, the process also expanded the Hold and Wait policy with 16 extra offers and the Dreams policy with 34 extra offers, both aimed at achieving better Company-Student fit.
  • The consulting sector led the recruitment with 232 offers, followed by the finance sector with 86 offers, together making up 55.5% of the total hires. Prominent financial institutions such as A91 Partners, BNP Paribas, Franklin Templeton, Goldman Sachs, HSBC, Macquarie Group, and Nomura participated. Leading consulting firms like Accenture Strategy, Bain & Co., Boston Consulting Group, Kearney, and McKinsey & Co. were top recruiters in their sector.
  • Sales & Marketing and General Management sectors collectively made up 23.4% of total hires with 52 and 82 offers, respectively, from top recruiters like Aditya Birla Group, Tata Administrative Services, and Vedanta. Additionally, the software services and e-commerce sectors accounted for 18.2% of hires, with major companies like Amazon, Adobe, Flipkart, Microsoft, Navi, Paytm, Salesforce, and Zomato recruiting from the campus.

The placement season concluded with an average annual compensation of INR 35.07 lakh and a median compensation of INR 33.67 lakh.

Alumni Network

The true measure of an institution’s impact lies in the success stories of its alumni, and IIM Calcutta takes immense pride in its illustrious alumni network spanning the globe. Graduates of IIM Calcutta, fondly referred to as “IIMCians,” occupy leadership positions in diverse organizations, driving change, innovation, and sustainable growth across industries and geographies.

The alumni network serves as a valuable resource for current students, offering mentorship, networking opportunities, and industry insights. Through various initiatives and alumni chapters, IIM Calcutta alumni continue to contribute to the alma mater’s legacy and foster a culture of lifelong learning and collaboration.

Some of the notable alumni of IIM Calcutta are:

  • Indra Nooyi, Ex-CEO of PepsiCo
  • Ajit Balakrishnan, Founder & CEO of Rediff.com
  • Sunil Duggal, Ex-CEO of Dabur
  • Ramachandra Guha, Indian Historian and Economist, a columnist for The Telegraph, Hindustan Times, best-selling author
  • Gopal Vittal, CEO of Bharti Airtel
  • Amish Tripathi, Indian diplomat, columnist and author, known for his novels of Shiva Trilogy and Ramchandra Series
  • Nishi Vasudeva, former Chairman and MD of HPCL

Global Recognition and Accolades

Provided below is a lost of accolades and laurels bagged by IIM Calcutta:

  • First Indian Institute of Management (IIM)
  • Ranked No. 1 in the BT-MDRA Best B-School Survey 2023
  • First Triple Accredited Institute in India
  • Total number of alumni: 44,999
  • IIM Calcutta has pursued and achieved accreditation with the Association to Advance Collegiate Schools of Business (AACSB).
  • AACSB is a global, nonprofit membership organization of educational institutions, businesses, and other entities devoted to the advancement of management education, established in 1916.
  • AACSB provides members with products and services to assist in the continuous improvement of their business programs and schools.
  • IIM Calcutta has also been accredited by the Association of MBAs (AMBA) this year.
  • IIM Calcutta is the only Indian member of the Community of European Management Schools (CEMS), an elite club of 29 premier business schools worldwide.
  • Therefore, IIM Calcutta is the only institute in India with dual accreditation by AACSB and AMBA and membership in CEMS.
  • AACSB Accreditation is the hallmark of excellence in business education, earned by less than 5% of the world’s business programs.
  • Currently, 716 business schools in 48 countries maintain AACSB Accreditation, and 181 institutions maintain additional specialized AACSB Accreditation for their accounting programs.
  • IIM Calcutta is the first IIM and the third institute in India, after ISB and TAPMI, to gain AACSB Accreditation.
  • The dual AACSB and AMBA accreditation will enable IIM Calcutta to form more partnerships with esteemed institutions.
  • This accreditation will also facilitate collaborations with foreign faculty members on research projects, publications, and teaching, enhancing students’ exposure to global business practices.
  • AACSB Accreditation signifies the highest standard of achievement for business schools worldwide, indicating that AACSB-accredited schools have the highest quality faculty, relevant and challenging curriculum, and unique educational and career opportunities.

Eligibility Criteria

To be eligible for admission to IIM Calcutta‘s MBA Programme, candidates must meet specific educational requirements as outlined below:

Academic Requirement

  • Candidates must possess a Bachelor’s Degree awarded by a recognized university or educational institution in India.
  • For General category candidates, a minimum of 50% marks or equivalent CGPA is required.
  • For candidates belonging to SC, ST, and PwD categories, a minimum of 45% marks or equivalent CGPA is acceptable.
  • The degree should be from a university incorporated by an Act of central or state legislature in India, or other institutions recognized by the Ministry of HRD, Government of India.

Evaluation of Marks

  • The percentage of marks obtained in the Bachelor’s Degree will be calculated based on the grading system of the respective college/university.
  • If grades or CGPA are awarded instead of marks, they will be converted into percentages based on the certified procedure of the college/university.

Integrated Masters or Dual Degree Consideration

  • Candidates with integrated masters or dual degrees completed directly after 12th/HSC will have their marks considered equivalent to a Bachelor’s Degree.
  • In cases where UG and PG marks are not separated, PG marks will be considered as UG marks for eligibility.

Final Year Candidates

  • Candidates in their final year of Bachelor’s Degree or equivalent qualification are eligible to apply.
  • Provisional admission is granted pending submission of a certificate confirming completion of degree requirements by June 30, 2024.

2020-2023 Graduates with No Exam/CGPA

  • Candidates graduating in 2020-2023 from universities that did not conduct exams or award marks/CGPA but only passed or promoted students can apply.
  • A certificate from the college/university confirming this status is required.

Submission of Documents

  • Candidates awaiting graduation results must submit original certificates and mark sheets as soon as available but no later than December 31, 2024.

  • Provisional certificates from affiliated colleges must be accompanied by an authorization certificate from the University.

Verification of Eligibility

  • IIM Calcutta reserves the right to verify eligibility at any stage of the selection process.
  • Meeting the minimum criteria does not guarantee shortlisting for further stages of admission.

Admission Process

Following is the procedure followed during Admission to post graduate courses in IIM Calcutta :

Shortlisting

  • Undergraduate marks are no longer a consideration in the shortlisting process.
  • The CAT 2023 admission cutoff has been adjusted to 85 percentile for the 2024 intake.
  • In the general category, the CAT 2023 sectional cutoff for quantitative ability has been reduced to 75 percentile.
  • Minimum required percentiles for other categories have also been decreased to 65 or below.

Final Selection PI-WAT Round

  • Writing Ability Test (WAT) has been reintroduced for 2024 admissions, now carrying an 8% weighting.
  • Previously, WAT had no weightage due to its absence.
  • The Personal Interview (PI) Round remains the most significant, with a 48% weighting.
  • The weightage assigned to CAT scores in the final selection phase has been scaled down to 30%.
  • The weightage for promoting academic diversity has been raised from 4% to 6%.
  • The application process for IIM Calcutta admission aligns with the commencement of CAT 2023 registration in the first week of August. Below, you’ll find comprehensive information about IIM Calcutta, including notable changes in the admission process for 2024, cutoffs, available programs, tuition fees, placement statistics, and more.

Reservations

  • IIM Calcutta will implement the Government of India’s reservation policy for admission to Central Educational Institutions (CEIs), including the allocation of seats as per the provisions outlined in The Rights of Persons with Disabilities Act, 2016 (RPwD Act 2016). 
  • This entails a reservation of 5% of seats for Persons with Benchmark Disabilities (PwD), as defined by the Act. A “Person with Benchmark Disability” is one with at least forty percent (40%) of a specified disability, as certified by the appropriate authority. 
  • The Act specifies various disabilities, including but not limited to blindness and low vision, deafness and hard of hearing, locomotor disability, autism, intellectual disability, specific learning disability, mental illness, and multiple disabilities. 
  • To avail of these reservations, candidates must provide a valid certificate from the relevant Central Government list during the Personal Interview stage.
  • In case of any disputes regarding admissions for the MBA Batch 2024-26, the jurisdiction of resolution will lie with the competent courts within the territorial boundaries of Kolkata.

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Frequently Asked Questions (FAQs)

What makes IIM Calcutta unique among business schools in India?

IIM Calcutta is the first Indian Institute of Management, known for its rigorous academic programs, world-class faculty, strong industry ties, and a picturesque campus.

What are the key admission requirements for the PGP program at IIM Calcutta?

Admission is based on CAT scores, academic performance, work experience, and performance in the written ability test (WAT) and personal interview (PI).

Does IIM Calcutta offer programs for international students?

Yes, international students can apply for various programs, including the PGP, FPM, and Executive Education programs, with additional requirements such as English proficiency tests.

How does IIM Calcutta facilitate student placements?

IIM Calcutta has a dedicated placement cell that organizes campus recruitment drives, internships, and networking events with top recruiters from diverse sectors.

What research opportunities are available at IIM Calcutta?

The institute has numerous research centers and interdisciplinary initiatives, providing faculty and students with resources, funding, and collaboration platforms for cutting-edge research.

How does IIM Calcutta support entrepreneurship?

Through the Entrepreneurship Development Cell, Innovation Park, and Incubation Center, IIM Calcutta provides mentorship, funding, and infrastructure support to aspiring entrepreneurs.

What facilities are available on the IIM Calcutta campus?

The campus features modern classrooms, a well-stocked library, sports complexes, student hostels, dining halls, and recreational areas, ensuring a comprehensive learning environment.



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