IIMs (Indian Institutes of Management) are the most reputed management institutes all over the country, and it is a dream come true for any management aspirant to get admission in any IIM. CAT (Common Admission Test) is the common path for shortlisting of candidates seeking admission to IIMs, and, every year, more than 2 lakh students enrol to get admission in 20 IIMs across the country.
IIM Selection process is majorly based on these two simple steps, which are, short-listing candidates based on their CAT score, followed by a WAT (Written Ability Test) and PI (Personal Round) for the selected candidates. Although, each IIM is capable of introducing their own admission criteria and guidelines, for the exam, CAT Cut off, minimum percentage requirement, etc.
However, Indian Institutes of Management are all set to reconstruct their pedagogy and courses for the batch of 2019-21, as they plan to make them more industry relevant. IIMs are known for providing quality education and thus they are the best management institutes of India. The upcoming batch of 2019-21 can expect more live projects, role plays, experiential learning through outbound activities along with interactive teaching sessions with highly qualified faculty members and also people from industry.
According to two faculty members, IIMs are expecting courses on emerging technologies like machine learning and artificial intelligence to become more popular with students and are also preparing to meet such requirements.
Creation of New Courses in IIMs
Currently, IIM-Calcutta is rebuilding its two year PGP (post-graduate programme in management) syllabus to make all its students more industry-relevant. One of the major objectives of this decision is to bridge the gap between students who don’t have work experience and those who have that. The academic dean, Runa Sarkar, of IIM-Calcutta said that approximately over half the PGP batch enters the programme with zero or very little work experience and hence find it difficult to fit these dissimilar pieces into the jigsaw puzzle called management.
Therefore, to help them understand the entire programme better, during the orientation week of PGP starting 2019, the institute will conduct a 15-hour workshop called, ‘An introduction to Management’.
This interactive workshop, ‘An Introduction to Management’, would be conducted as a free-flowing conversation among two to four faculty members, section wise, with involvements from students as well. To conduct these sessions, IIM-Calcutta is also planning to invite some senior executives from industry, apart from its own professors, to expose the students to the corporate world. The focus of the workshop would be on the resource management, functioning, decision making, etc., in an organisation.
According to Ranjeet Nambudiri, dean of academic, IIM-Indore is also reconstructing its courses in order to make its syllabus more skill-based and students more industry relevant. Going forward, IIM-Indore is determined to concentrate more on participant-centric learning process through live cases and simulation. Last year, IIM Indore introduced PGP HRM and this year it won’t be introducing any new course but would be focusing on stabilising the already-existing courses.
At IIM-Calcutta, live projects are quite famous among the candidates of the one-year executive postgraduate programme (PGPEX). More than half the PGPEX participants are involved in live projects as it provides them hands-on experience on the subjects. To meet the requirements of the technological environment and the changing business, others are also tweaking their teaching methods and courses.
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In 2018, IIM-Kozhikode presented a course called Leadership 4.0 and those on the dynamics of artificial intelligence and machine learning. Director Debashis Chatterjee said that they are determined to get into high-touch, high-tech courses. Not only this but, Kozhikode also tied up with Stanford to build courses on disruptive innovation and design thinking in their executive programme and introduced a course on behavioural leadership.
In addition, in the coming year, IIM-Kozhikode is aiming for more international accreditations. Kozhikode is all set to make learning more application driven and take courses outside the classroom.
Course restructuring is a slow process and IIM Ahmedabad and Bangalore are currently focusing on the changes that they introduced a year or two ago. IIM-Bangalore is not planning to introduce any new course into their curriculum for 2019 but will focus on building its course on entrepreneurship a part of the core program.
It is also increasing the use of innovative methods like flip-classes, simulation games and in-class role play exercises to teach students through pedagogical tools. IIM-Ranchi also said that in the coming years, students can expect some minor changes like adding innovative ways of teaching, which has already been done in the last year.
Across the IIMs, aspirants are getting more and more interested in analytics and analytics-based courses like predictive and data mining analysis, courses in a strategy like simulations, digital marketing courses, etc. IIM-Ahmedabad has added courses in big data, data analytics, business analytics, Internet of Things, bitcoin and behavioural finance in the last two years.
Therefore, students enrolling in IIMs for the batch of 2019-21, can expect some changes or introduction of new courses in the curriculum in order to train them in a more precise and skilful way and make them industry-relevant.