IIM bangalore, Calcutta may change placement process

IIM bangalore, Calcutta may change placement process


The aim is to reduce pressure and conduct placements in a relaxed manner.
Taking a cue from the Indian Institute of Management, Ahmedabad (IIM-A), which changed its placement process from Day Zero to a cluster-based system last year, IIM Bangalore (IIM-B) and IIM Calcutta (IIM-C) are planning to follow suit.
IIM-B, for instance, has decided to stretch its placement duration by a few days. “We are exploring various options. We want to reduce the pressure on students. We are thinking of how to conduct placements in a more relaxed manner,” says PD Jose, chairperson of placement at IIM-B.
At the recently-concluded final placements season, IIM-B placed nearly 270 students in a span of five days. The institute is planning to extend this period to 8-10 days to ensure that the process is not too hectic for both companies and students. The move is being explored at a time when the batch size is expected to increase. IIM-B has a batch size of 350 students which will go up to 375 for the incoming batch and expected to rise to over 400 for the following batch.
Day Zero (or Slot Zero) at IIMs was created when demand for IIM graduates had peaked and the institutes had to resort to creative mathematics to accommodate big recruiters without offending the existing ones. Under the slot system, there are usually three or four slot periods like slot zero (or Day zero), one and two. Each slot may comprise one or two days depending on the process followed by the institute. Day Zero is the most-coveted slot of placement which is frequented by preferred employers like investment banks and consultancies.
On an average, 10-15 companies are accommodated on the campus on a single day of placement. However this number is dependent on which slot it is scheduled. The poor job market in 2009, however, forced B-schools to review the strategy, including effecting a placement fee revision. With an extended period of placement (such as a cluster-based approach), the institutes could have the option of limiting the number of companies per day on campus. This is expected to give students more time to mull over their offers.
IIM-B, however, might not follow the cluster-based placement process that IIM-A has initiated. “Discussions are currently undergoing in the institute over the placement process. Decisions over changes in the placement process, if any, are expected to be decided by the faculty advisory committee in a few month’s time. They would come into effect for the upcoming summer placement process in November this year and final placement process in March next year,” adds Jose.
IIM-C, meanwhile, will decided on a change in its placement process next month. The institute has a new placement chairperson in place who will soon assume charge. “We have to take in to account a lot of aspects like change of the entire process, logistics, among others. We would decide on the same when we convene a meeting in June,” says a professor from IIM-C. The institute will hold discussions with IIM-A and B on the same, the professor noted.
IIM-C concluded placements for 278 participants of the batch of 2010 on March 10. The process took five days, at the end of which 37 per cent students opted for jobs in the finance sector, followed by 27 per cent in consulting and strategy and 18 per cent in marketing and marketing research.
IIM-A, incidentally, was the first IIM to make changes in its placement process last year by bringing in the cohort-based system. Under the system, each weekend saw firms from a particular sector visiting the campus as a cluster. International investment banks and consulting firms formed the first cluster. The process carried on for well over a month. The new system will ensure more interaction time between the students and firms. Cohorts would be formed on the basis of role similarities HR experts say firms flock to IIMs to recruit students as the cost of recruiting them off campus would be much higher. Besides, regular recruiters have become employers of choice at IIMs and enjoy mindshare among graduating students.

Source Link: http://www.business-standard.com/india/news/iim-bangalore-calcutta-may-change-placement-process/394255/

IIM-B to undertake FPM programme in collaboration with Ethiopia

IIM-B to undertake FPM programme in collaboration with Ethiopia


Indian Institute of Management,Bangalore (IIM-B) is in advanced talks with the Ethiopian government for sending its students to IIM-B to undertake the Fellow Programme in Management (FPM).
This will bring an international composition of around 8-10 students from Ethiopia into the upcoming academic session in June-July 2010.
Fee for the Ethiopian participants could be around $15,000 for the first two years and $4,000 for the subsequent years. Indian FPM participants do not pay tuition and hostel rent and are in fact paid a stipend and contingency support by the institute.
Surplus revenues from executive education are used to pay these stipends. No financial support is available for Non-resident Indians and foreign applicants, though. No foreign nationals are taking up this programme at the institute currently. The minister of state for education from the Federal Democratic Republic of Ethiopia visited IIM-B early this year to discuss his government's interest in collaboration with IIM-B.


Under the guidelines being discussed, the Ethiopian government would forward applications of prospective doctoral applicants to IIM-B, which would in turn scrutinise them and select the candidates for the programme.
To attract quality Indian candidates, the institute has increased the monthly stipend from Rs 15,000 to Rs 24,000 for five years. The maximum duration allowed to complete the course is seven years. Additionally, a one-time grant of Rs 50,000 a year is provided to cover incidental expenses such as purchase of software and hardware, books, among others. The institute also supports international travel of students to present papers in reputed professional conferences.
The popularity of the programme in India can be guaged by the fact that the number of applications received have gone up from 272 in 2007 to 486 in 2009. Nearly 650 applications have been received for the upcoming academic session of which the institute is likely to admit 30 students.

Source Link: http://www.minglebox.com/article/mba/IIM-B-to-undertake-FPM-programme-in-collaboration-with-Ethiopia/data-0001-fdbffe7e2800381e012800d8bbd47ff4

PG studies at IIM-B dearer

PG studies at IIM-B dearer

BANGALORE: The Indian Institute of Management-Bangalore (IIM-B) on Monday announced an increase in the fee structure for post-graduate programmes

(PGP) from the ensuing academic year (2010-11).

“This year we have increased the fee for the post-graduate programme to Rs 13 lakh for academic year 2010-2011 from Rs 11.5 lakh last year,” IIM-B director Pankaj Chandra said at the campus.

The strength of the new batch will be 375 students as against 350 last year and will include 27% OBC students. Next year, the institute is going to add one more section and the batch size will go up to 425. The institute has also increased the seed fund for giving loans to deserving students.

“We have doubled the financial assistance from Rs 2 crore to Rs 4.38 crore (2009-2010) and if the institute gets 375 students this year, then the financial aid will also go up”, said Mr Chandra.

One of the reasons for fee hike is to meet the wage increase following the Sixth Pay Commission scales for faculty and other staff.

The autonomous institute also does not get any government funding for capital expenditure on infrastructure expansion and additional funding for the proportionate increase in pension outgo. IIMB officials said that they rely on internal resources, corpus and fee income from consultancy to meet the growing capex requirements.

“We are focusing on expansion of programmes and research,” said Mr Chandra. Meanwhile, Reliance Industries and IIMB chairman Mukesh D Ambani in his speech at the 35th annual convocation of the Institute told students that the world is emerging from a severe economic shock and is resetting itself to face newer economic realities.

Mr Ambani said India was one of the earliest countries that emerged out from the economic meltdown. The economic centre of gravity is now slowly but steadily shifting to Asia. He said that this century is poised to become India-centric and we are on the path of becoming a major economic power.

However, we have to seize opportunities effectively and in time and this requires leadership in all walks of life. Mr Ambani said that several Indian businesses have already become global in size, scale and operations. And several more will realise their aspiration of being world leaders in their domains, but we will need to do more, then just focus on financial success.

Mr Ambani said that Indian businesses must earn respect of millions of Indians and respect does not flow from market capitalisation and profits. It comes from the transformational roles, we play in solving the society’s problem. “Indian businesses need to play a leadership role in addressing India’s unresolved problems”, Mr Ambani pointed out.

He said that the competition for Indian graduates will be more and more global as increasing number of professionals from other countries are aspiring to work in India. “These are the new dynamics of a new and promising India,” he said.

Mr Ambani told students that they are graduating at the most appropriate time for shaping the new and resurgent India. The power of youth will be central to shaping the future of India. The opportunities before each and everyone graduating are historic.

“Thirty years ago, when I entered the economy the opportunities before me were not even a fraction of what each one of you have before you.” Mr Ambani said that the young men and women graduating will have the privilege to be part of this new and fascinating India. “A new brave world lies ahead of you. For that we have to be fearless and take on the world,” he said.


Source Link: http://economictimes.indiatimes.com/news/news-by-industry/services/education/PG-studies-at-IIM-B-dearer/articleshow/5740845.cms

IIM-B raises fee by Rs 1.5 lakh

IIM-B raises fee by Rs 1.5 lakh


To cope with rising expenditure on salaries and infrastructure, the premier Indian Institutes of Management are planning to increase fees by Rs 100,000-200,000 for their two-year post graduate programmes.
IIM-Bangalore's board of governors, chaired by Mukesh Ambani [ Images ], decided on Monday to increase the fees from Rs 11.5 lakh (Rs 1.15 million) to Rs 13 lakh (Rs 1.3 million) for the incoming batch of 2010.
A couple of days earlier, IIM Ahmedabad [ Images ] said it would hike the fees for its two-year PGP course.
IIM-Kozhikode, too, decided to hike its PGP fee by Rs 100,000 to Rs 10 lakh (Rs 1 million) from the next academic year. Debashish Chatterjee, director of IIM-K, told Business Standard:
"The board has decided to increase the fee by Rs 1 lakh for PGP students from 2011 academic year. Currently, our fee is Rs 900,000 for two years."
Likewise, IIM Calcutta is exploring an increase in fee once again this year. Dinesh Verma, chief administrative officer of IIM Calcutta, said: "We will have a board meeting on April 3, where we will decide on whether or not to hike fees once again."
IIM-Shillong, too, is expected to raise its fees to over Rs 3,50,000 from the current Rs 1,90,000. However, the board will meet on April 3 to decide the exact quantum.
IIM Lucknow,though, will not raise its fees immediately.
Pradipta Mukherjee & Archana M Prasanna in Kolkata/Bangalore


Source Link: http://business.rediff.com/report/2010/mar/30/iim-b-raises-fee-by-rs-1-point-5-lakh.htm

PGP Admission Process for IIMB Batch of 2010

PGP Admission Process for IIMB Batch of 2010

This document details the process that will be adopted for selecting candidates for admission to the Post Graduate Program in Management (PGP) at the Indian Institute of Management Bangalore (IIMB) for the batch of 2010.

IIMB has internally developed an admission process that seeks to identify the most promising candidates for the PGP program. This process has been progressively refined over the years based on cumulative data on the Common Admission Test (CAT) applicants and on the academic performance of the candidates that were admitted at IIMB. The process arrived at is based on the relationship of academic performance in IIMB to past academic performance, CAT score, performance in interview and prior work experience. The selection criteria and weights given to various parameters are based on data from previous cycles as well as on inputs from the IIMB faculty body and other relevant stakeholders and are usually revised every year. The admission committee fixes these criteria and weights at the beginning of each admission cycle before looking at information pertaining to candidates applying in that cycle so as to avoid any bias.

IIMB has found over the years that students who perform well in the academic program are typically those who have a consistently good academic record during their school, high school and graduation level, besides exhibiting sufficiently high aptitude as measured by the CAT. Therefore IIMB uses multiple parameters, namely academic performance in school, high school and graduation programs as well as candidates’ scores in CAT to judge the suitability of candidates for the PGP program. Relevant work experience, if any, is also given weight in the selection. Evaluation by multiple criteria is also consistent with empirical research on recruitment and selection that shows greater efficacy of recruitment processes that uses multiple criteria. The CAT score, over and above being a selection criterion, is also used to establish the minimum level of proficiency that is expected from the candidate in respective faculties as indicated by section wise minimum scores in the CAT. Multiple criteria are used to arrive at a composite score for every candidate, which is used to select candidates for the subsequent stage. The remaining part of the document explains this process in detail.

IIMB adopts a two-phase selection process and accordingly these selection criteria are applied in two phases. The first phase process is applied to all eligible candidates who appear for CAT 2009 to determine those qualifying candidates who will be called for personal interview (PI). During the PI process the candidates selected for interviewing during a particular half-day (morning or afternoon) will have to write a short note (one page) on a topic provided by IIMB. The topics chosen will typically reflect current political, economic and business affairs, though other topics such as sports and those that require more creative thinking can also be included. The time provided for writing the note will typically be about 30 minutes. Subsequently two interviewers will evaluate each candidate on his/her performance on the note and his/her performance during the personal interview. In addition, for candidates having work experience, each interviewing faculty will evaluate the quality and relevance of the candidate’s work experience. These scores, in combination with the pre-PI selection parameters will be used cumulatively in the second and final phase of selection to identify the candidates who will merit selection from among those candidates who appear for the PI.
_____________________________________________________________

The selection process, parameters and weights used are uniform for all categories of applicants. Sufficient candidates are short listed at each stage in each category to meet the reservation requirement for each group, as applicable at that time.

Phase 1

1) The first short list of candidates is based on candidates securing minimum section-wise and aggregates percentile scores in the CAT. The percentile cut-off scores used in 2009 are shown in Table
1. All the subsequent processing, standardization and selection was limited to candidates belonging to this first short list alone. This means that the CAT score alone was used as the basis for arriving at the first short list.

Table 1: First Shortlist (2009)

Minimum Percentile Requirement for First Shortlist **
Category Sec 1 (Quantitative) Sec 2(Data Interpretation) Sec 3(Verbal) Aggregate

ST 50% 50% 50% 70%
PWD 45% 45% 45% 45%
SC 50% 50% 50% 70%
OBC 60% 80% 75% 80%
General 70% 90% 85% 90%

** These cut-offs are not for those called for interview whose scores would be much
higher .

2) For all candidates in the first shortlist as stated in (1), the candidates’ percentage scores in the 10th and 12th board exams was initially adjusted by dividing each such score by the 90th percentile score obtained in that board. The database of 10th and 12th scores of all CAT applicants of the past two years was used for identifying the 90th percentile score for each 10th and 12th board for this purpose.

3) For all candidates in the first shortlist as stated in (1), final scores obtained by the candidate were used for the bachelors’ degree and professional degrees (if any). Incomplete or intermediate scores were considered only if the candidate’s final score was pending. Thus, for final year bachelor’s degree candidates, their incomplete graduation score would be taken in lieu of final graduation score . Graduation scores were adjusted within their respective categories. This gives the adjusted score for the bachelor’s degree for all candidates in the first shortlist.

4) For all candidates in the first shortlist as stated in (1), candidates with Chartered Accountancy Professional course were eligible for weight under professional course. No other professional course is eligible for weight under professional course. The professional course score was also standardized for all candidates in the first shortlist.

5) For all candidates in the first shortlist as stated in (1), the score/weight for work experience was
calculated as:
Pre PI score for Work Experience
= 5x/36 if 0 < x < 36
= 5 if x >= 36

where x is the months of work experience up to December 20079 as captured in CAT application Form (and substantiated in the application to IIMB). This implies that the score will peak at 36 months work experience and will remain at that level for candidates with work experience exceeding 36 months. The work experience score (maximum 5 in the pre-PI stage) will be multiplied by the quality of work experience score on a 5 point scale (0 – 0.5 – 1 – 1.5 – 2) as given by interviewing faculty in the PI process in Phase 2 to give a maximum score of 10 for work experience.

6) For all candidates in the first shortlist as stated in (1), the maximum of the work experience score and the professional course score was considered for selection under a common weight of 10 for work experience or professional course – since both provide professional work experience relevant to a management program.

7) For all candidates in the first shortlist as stated in (1), other than work experience or professional course, the weights for the remaining four components (each of them being standardized) are fixed as:
CAT = 20, 10th board=15, 12th board=10, Bachelors= 15.

8) For all candidates in the first shortlist as stated in (1), the weighted total of the five components namely (a) work experience or professional course, (b) CAT, (c) 10th board, (d) 12th board, (e) bachelors as stated above was used to prepare a pre-PI rank list for calling candidates for the PI. Sufficient candidates have been invited for PI to enable selection based on the additional PI evaluation components: (a) note content, (b) note style, (c) personal interview, (d) review of work experience (if any).

9) For all candidates in the first shortlist as stated in (1), the top 10 candidates in each sectional and total score in CAT, adjusted SSC, HSC, Bachelors and professional (CA)(from the first shortlist, as created using the criteria in Table 1) automatically qualify for PI. These candidates are given a chance to appear for PI due to their exceptional performance on one parameter. However, at the end of Phase 2, all such candidates must merit selection at an identical level of composite aggregate score like any other candidate.

10) For all candidates in the first shortlist as stated in (1), normalization or standardization in any component stated above was carried out as per the following formula. All standardization was done with reference to the qualifying first shortlist or its subdivisions; Standardized score (truncated between 0 and weight (wt) is computed from the raw score
(val) as: Max 0, min wt, wt Val – mean wt 2 sd 2


Phase 2

11) For each of the three elements of evaluation during the PI process –, Note Content, Note Style and Personal Interview - the average of the scores given by the two interviewers will be considered. The performance of each candidate on the note will be scored by each interviewer individually in terms of content and style. Each interviewer will use the Personal Interview to comprehensively evaluate the candidate’s motivation and ability to fit in and benefit from the PGP program. All candidates will be required to provide three confidential reference letters from their employers or faculty and this will also be used in the personal interview evaluation.

12) The work experience score will be multiplied by the quality of experience score, as evaluated by the interviewing panel as an assessment of the relevance of the work experience to the program. The quality of work experience score will be evaluated on a 5 point scale (0 – 0.5 – 1 – 1.5 – 2) by each member of the panel during the interviews. The average quality of work experience score will be multiplied by the pre-PI work experience score and accordingly the work/professional experience component score (maximum score 5) used in Phase 1 will be revised in Phase 2 (maximum score 10).

13) The scores in all past academics will also be updated, if required, on the basis of actual mark sheet submitted. Unless otherwise mentioned percentages would be calculated by considering all subjects that the candidate has appeared for examination.

14) The note content score (weight=7.5), note style score (weight=7.5), the personal interview score (weight=20), after standardization within interview panels, will be added to the pre-PI total to arrive at the final aggregate score.

15) The final offers of admission to candidates will be made strictly on the basis of ranks in each category on the final aggregate score as mentioned in (14). Since IIMB follows a comprehensive multi-criteria process at the pre-PI stage, it is able to identify many candidates for the PI who have an excellent academic record and work experience but who, while doing well enough in the CAT to be in the first shortlist, may have narrowly missed the high score that would have been required if CAT alone was the basis for the PI short list. Such candidates effectively replace candidates who have only a high CAT score but score poorly in terms of their past academic record and work experience. IIMB emphasizes consistent and high performance in past academics.


Admission into the Post Graduate Program through GMAT

A separate process will be used for processing applications from candidates who apply through the GMAT route. To be eligible to apply through the GMAT route, a candidate must had resided abroad for at least 18 months in the preceding three years (Jan 2007 to Dec 2009) and should not be in a position to appear for CAT 2009.

The first short list among such applicants is created by applying the same percentile cut-offs, as used for the general category in the CAT route.

For each applicant in this shortlist, each member of the evaluating committee (6 faculty members were involved in 2009) will go through the applications in detail and in particular will evaluate the academic background and the international experience of the candidates. The evaluating faculty will also assess whether the candidate is likely to gain admission through CAT. Finally each member will recommend strongly or weakly in favor of the candidate or recommend rejection.

The final decision for each candidate will be taken on the basis of detailed discussion on these recommendations and assessments of strengths and weaknesses of each candidate. There will be no quota or fixed number of seats for such candidates. There will also be no wait-lists for the same reason.
***

All About IIM Bangalore

IIM - BANGALORE

Introduction

After 1947, as a technology base was being created because Government of India focused on the development of indigenous science and technology, it became clear that the country needed to simultaneously augment management talent and resources. The Indian Institute of Management, Bangalore was established in 1973. The IIM–B campus is located in 100 acres of sylvan surroundings on the southern edge of Bangalore

The mainstream postgraduate programs at IIM–B are continually monitored and frequently revised to incorporate cutting edge management theories and practice. Latest technologies are employed for effective delivery and the curriculum emphasizes practice orientation. Exchange programs with leading business schools around the world expose the students to management thought and practice in different national environments and cultures.

Programs

PGP:

The two-year Post Graduate Programme in Management (PGP) is the flagship programme of the Institute. It is designed to enable students to acquire the skills and capabilities that will enable them to reach responsible Global positions in management
The number of applicants admitted to this programme is limited to around 240. The Programme revolves around the principle that world-class business leaders are not mass-produced; they are nurtured and developed with personalized care and attention, in small work groups and teams, and in a practical, application-oriented user-friendly

In the Programme the following type of courses are offered:
 Core courses are compulsory and offered in the first year and most of them are three credit courses.
 Core electives are offered from term III onwards. In first year about eight core electives from different areas are be offered and students should take any three of them.
 Courses in the second year are called electives.
 During the first year, a student will be required to do 15 core courses and 3 core electives. The detailed outline of these courses will be available in the curriculum to be distributed to every student at the time of registration.

PGSEM
The PGSEM has been structured around ten broad themes, consisting of core and elective courses. The core courses are distributed in the first year of the program, while participants take the electives in the remaining quarters. In addition to the core and elective courses, participants are required to do a compulsory 3-credit individual project on any industry of interest in order to gain domain experience. They can also do one 3-credit project course.

PGPPM
The two-year Post-Graduate Programme in Public Policy and Management (PGPPM) is a unique two-year programme leading to a Post Graduate Diploma in Public Policy and Management. The first of its kind in India, it is designed to equip mid-career civil servants with the concepts, skills, and techniques in formulating public policy and strategic management of public systems. The first year of the programme is fully residential with a term of 7 weeks at Maxwell School, Syracuse University, USA. During the second year participants return to their work locations and continue to work on a dissertation in a topic of their choice.

PGPPM offers participants global exposure and experience by the synergetic combination of the expertise at IIM Bangalore and the Maxwell School.

Specializations: Finance, system, marketing, general management, operations

Eligibility & Admission

PGP: Graduates

PGSM:
Minimum two years work experience in the software industry. At the time of interview, candidates from partner companies have to produce letters of nomination from their employer. The remaining candidates are required to produce letters of approval from their employers indicating that they are permitted to pursue the program. Final selection will be made based on the nature of work experience, test scores, and performance in the interview.

Foreign Students:

(1) A bachelor’s degree with a minimum of three years at a university.
(2) Graduate Management Aptitude Test (GMAT) score (including AWA score).
(3) Overseas candidates refer to Indians resident outside India and foreign nationals. In order to qualify as a Indian resident abroad, a candidate should have been/expect to be resident outside India for a period of 18 months between January 1, 1997 and December
31, 2001 for acquiring a graduate/postgraduate degree and/or working as an executive, and be outside India during the CAT examination. Foreign nationals need to have a valid passport/travel document from a country other than India.

Eligibility Test: CAT
Test date: November 20, 2005


Salary Structure

Highest salary (in LPA): 14.2
Average salary (in LPA): 8

Correspondence
Web address: www.iimb.ernet.in
Contact address: Indian Institute of Management, Bangalore
Bannerghatta Road, Bangalore, PIN Code–560 076,
Karnataka, India
Phone numbers: 91–80–6582450/6993996