IIMs

To ensure better management at the grass root level by making maximum utilisation of its student potential, the Indian Institute of Management - Bangalore has decided to reimburse the total amount of about Rs. 8,00,000 that students pay for their two-year post graduate programme if they opt to serve a non-profit body for a minimum period of three years.

As part of its efforts to ensure a more inclusive educational set up, the Indian Institutes of Management (IIMs) have decided to enhance the amount disbursed as scholarships for easing the financial burden shouldered by its needy students.

While some might be celebrating the point three percent relaxation in the maximum cut off for the coveted Indian Institute of Management – Ahmedabad (IIM-A); for others it might be time to actually take a peek into their high school result cards.

The Indian Institute of Managements (IIM) has declared that the results of CAT 2009-2010 exam will be deferred to the end of February this year. Earlier, results of the entrance exam were scheduled to be announced by the third week of this month.

With a view to streamline its executive education programmes in India, the US-headquartered Harvard Business School (HBS) plans to have its own classroom in the country. In its endeavour, Harvard is getting enviable assistance from Indian corporate giants, Ratan Tata and Anand Mahindra. The HBS has been conducting executive education or management development programmes (MDPs) in five-star hotels. The same practice was being followed from 2008.

Good news for Management students. Soon, another IIM will add to the list of premier business schools in India. This one will cost must less for the students than the existing IIMs in the country.  As per the plan, the new Indian Institute of Management (IIM) in Jharkhand will commence its academic session from June this year.

The CAT treaded the online path for the first time this year and there were glitches galore to mark its start. However, the flip side does not seem that gloomy on second thoughts, especially for those who braved the odds and dared to attempt the CAT. With fewer than ever aspirants going for the CAT this year, the probability of landing a seat in the nation’s best colleges automatically has increased for the attempters.

With the effects of the global recession fading away now and businesses showing signs of recovery, the happy times are back for the graduates of Indian Institutes of Management (IIMs). Companies are now ready to pay almost double the amount in pre-placement offers (PPOs) as compared to the averages of the year gone by and hiring is on in full swing once again.

Getting over the whole CAT fiasco and the way the online examination crumbled; the Indian Institutes of Management have decided to put it all behind them and are fast moving towards the next step. With IIM-Bangalore being the first one to roll out details of its admission process for the Post Graduate Programme in Management (PGP) 2010; others are soon to follow.

 With Prometric falling out with IIMs over online CAT fiasco, various education companies of the domain are lining up to bag the coveted deal to replace the US. Some big names like Pearson VUE, Eduquity Career Technologies, MeritTrac and Aptech have shown interest in this high-profile $40-million contract. Some of the companies have unofficially contacted IIM, while others are keeping their finger crossed waiting for the review of Prometric’s contract with the IIMs.