IIM Full Form - Indian Institutes of Management

IIM full form is Indian Institutes of Management. IIMs operate as public institutions controlled by the central government and follow the Planning Commission of India's recommendations. These business schools offer programs at the undergraduate, graduate, doctoral, and executive levels. Essentially, students can choose from a variety of supplementary courses in the subject of business administration.

Table of Contents

• Objective of IIM
• Mission and Vision Statement of IIM
• Selection Process of IIM
• Career opportunities after IIM

Objectives of IIM

IIM's objective is to give the nation an academically inspiring environment where students from around the world can come and learn things that will benefit their future development. 

• It has been determined that the objective of IIM is to enhance management systems in the business field if the conversation is focused on the institute's mission and vision. 
• In terms of business, the institutions seek to inform and educate the country's youth about the potential of business management so that they can contribute to the future growth of the country. 
• The university intends to offer top-notch management education for consulting, research, and training objectives while considering public services and industry.

Mission and Vision of IIM

The Indian Institute of Management mission statement is to enhance management theory and practice while producing creative and moral future leaders who can manage change and transformation in a highly competitive world.

The Indian Institute of Management vision statement is to become a significant center of excellence that will aid in disseminating and producing knowledge about the management system and giving social significance to immediate issues to lessen their impact. Additionally, the institution has helped control literature and make regional and national policies.

Selection Process for IIMs

The admissions processes for all of these programs are essentially the same because IIMs provide a variety of educational options. 

• Admission to the two-year PGP programs is determined by the results of the Common Admission Test (CAT). 
• However, for applicants who are not Indian citizens or who are applying from abroad, the Graduate Management Admission Test (GMAT) score is taken into account instead of the CAT score. 
• The first prerequisite for enrollment in the one-year course for seasoned executives is a GMAT score. 
• The prerequisites vary, aside from admission to the IIMs' Ph.D. programs. 
• Some schools require you to give a presentation, while others require you to pass the Research Aptitude Test (RAT), followed by a round of interviews.

Read More: IIM Admission Criteria

Career Opportunities after IIM

The institute's job placement program is typically run from December to February. As a result, the beginning level of compensation packages provided to candidates range from 20 to 25 lakhs per year. 

• The maximum income paid at the top three IIMs A, B, and C, ranges from INR 70 lakh to INR 1 crore in CTC. The salary paid abroad range from INR 60 lakh to INR 1 crore.
• The roles in which the students are getting recruited are Financial Analyst, Senior Business Analyst, Equity Researcher, Senior Customer Relationship Manager, Brand Manager, Marketing Analyst, Supply Chain Specialist, Production Planner, Quality Control Specialist, HR Analyst, Assistant HR Manager, Senior Payroll Specialist and Culture Research and Specialist.   
• Top domestic and international businesses, including Walmart, Accenture, JP Morgan Chase, and Barclays, visit IIMs during the placement drive to find young, fresh talent for a variety of job profiles that fit their company's needs.
• The consulting industry saw the highest employment placement rates, followed by finance and general management.