Indian Institute Of Management Calcutta, IIM Calcutta (IIMC)

College Name:	Indian Institute of Management Calcutta, IIM Calcutta (IIMC)
City:	Kolkata
Fees:	25 Lakhs
Courses Offered:
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History of Indian Institute of Management Kolkata

Following India's independence in 1947, the Planning Commission was tasked with directing the nation's development. By the late 1950s, the Commission encountered challenges in finding qualified managers for the growing number of public sector enterprises established as part of India's industrial policy. To address this issue, the Planning Commission invited Professor George Robbins of the University of California in 1959 to assist in establishing an all-India level institute of management studies.

Based on Robbins' recommendations, the Indian government decided to establish two elite management institutes known as the Indian Institutes of Management (IIMs). Indian Institute of Management Calcutta (IIM Calcutta) was the first of these IIMs, established in November 1961 through collaboration with the MIT Sloan School of Management, the government of West Bengal, the Ford Foundation, and the Indian industry. Its inaugural director was K. T. Chandy, the former Chairman of Hindustan Unilever Limited.

During its formative years, IIM Calcutta counted several renowned academics and visionaries among its core team, including Paul Samuelson, Jagdish Sheth, J K Sengupta, Peter S King, and Thomas Hill.

Initially, IIM Calcutta operated from Emerald Bower, Barrackpur Trunk Road, Kolkata. The foundation stone of its current campus in Joka, Kolkata, was laid by Morarji Desai, the Deputy Prime Minister of India, on December 15, 1968. The institute moved to the new campus in 1975.

Campus:

The main campus of IIM Calcutta covers 135 acres (0.5 km2) in Joka, on the outskirts of Kolkata. In addition, the Government of West Bengal allotted 5 acres of prime land in New Town, Kolkata, to IIM Calcutta in December 2019 for another campus.

Corporate Placement and Campus Drive:

IIM Calcutta offers a vast network of corporate placement opportunities for its students. Recently, the institute collaborated internationally to explore students' dynamics for international experience, including partnerships with TreeAndHumanKnot RisingIndia ThinkTank in December 2021.

Teaching Blocks:

IIM Calcutta's main Academic Block, along with the New Teaching Block opened in 2000, and another Academic Block inaugurated by former Prime Minister Dr. Manmohan Singh in August 2011, serves as the primary infrastructure for academic activities.

Auditorium:

The Audi, IIM Calcutta's fully air-conditioned auditorium, seats 750 people and hosts important functions such as convocations, conferences, student events, and talks.

Library:

Named the Bidhan Chandra Roy Library or BC Roy Memorial Library, after the second Chief Minister of West Bengal and the first chairman of the institute, the library houses over 160,000 volumes and subscribes to hundreds of management journals. It provides access to a large collection of electronic databases and more than 40,000 online full-text journals, with all processes and functions fully computerized.

These aspects highlight the rich history, infrastructure, and academic excellence embodied by the Indian Institute of Management Calcutta.

COURSE

DURATION

ELIGIBILITY

FEES (INR)

MBA

2 YEARS

Graduation + CAT

27,00,000/-

(Total Fees)

PG Diploma

2 YEARS

Graduation

25,00,000/-

(Total Fees)

E-MBA

2 YEARS

Graduation + CAT/GMAT

31,00,000/-

(Total Fees)

ADMISSION PROCESS

The institute has made some changes to its selection criteria compared to previous years. Here's a breakdown of the key components for MBA admission at IIM Calcutta in 2024:

CAT Score: In Stage 1 of the admission process, candidates are shortlisted based on their CAT (Common Admission Test) scores. While the minimum CAT cut off required for consideration is 85 percentiles, the actual cut off tends to be higher, typically ranging between 98-99 percentile.
Stage 2 - Personal Interview (PI): Candidates who are shortlisted in Stage 1 will proceed to Stage 2, which involves a Personal Interview. This interview is conducted in an online mode. The performance in the PI is a crucial factor in the final selection process.
Academic Record: Your academic record, including your performance in undergraduate and any other post-graduate studies, is considered during the selection process.
Work Experience: Work experience is another factor taken into account. Candidates with work experience may have an advantage, although this varies based on the specific profiles of the applicants.
Gender Diversity: Many B-schools, including IIM Calcutta, aim to maintain a diverse student body. Gender diversity is one of the factors considered in the selection process.
Written Ability Test (WAT): The WAT is another component used to evaluate candidates. It may be conducted as part of the selection process to assess a candidate's writing skills and ability to articulate their thoughts effectively.
Graduation Score: As of 2024, it seems that the graduation score has been scrapped from the final MBA selection criteria. This means that your undergraduate marks will not be a direct factor in the admission decision.

IIM Calcutta Ranking Overview

IIM Calcutta has seen significant movement in its rankings over recent years across both overall and MBA-specific categories:

NIRF:

Overall Rankings:
2023 NIRF Overall Ranking: 99th out of 200 colleges in India
2019 NIRF Overall Ranking: 26th out of 200 colleges in India
MBA Rankings:
2024 NIRF MBA Ranking: 5th out of 125 colleges in India
2023 NIRF MBA Ranking: 4th out of 125 colleges in India

India Today:

IIM Calcutta MBA ranking by India Today:

- 1 out of 272 colleges in India in 2023
- 1 out of 281 colleges in India in 2022

Financial Times:

IIM Calcutta MBA ranking by Financial Times:

- 67 out of 100 colleges internationally in 2024
- 76 out of 100 colleges internationally in 2023

Outlook:

IIM Calcutta MBA ranking by Outlook:

- 3 out of 25 colleges in India in 2024
- 3 out of 24 colleges in India in 2023

IIRF:

IIM Calcutta MBA ranking by IIRF:

- 3 out of 46 colleges in India in 2024
- 3 out of 44 colleges in India in 2023

QS World University:

IIM Calcutta MBA ranking by QS World University:

- 59 out of 315 colleges internationally in 2024

These rankings reflect the consistent excellence and high reputation of the Indian Institute of Management Calcutta both nationally and internationally across various ranking systems.

IIM Calcutta Highlights 2024

Established in 1961 in collaboration with the Alfred P. Sloan School of Management (MIT), The Ford Foundation, Indian industry, and the Government of West Bengal, IIM Calcutta stands as a beacon of excellence in management education. The institute offers a diverse range of postgraduate, doctoral, and executive programs across various disciplines.

Rankings:

Ranked 4th by NIRF 2023 under the Management category
Ranked 1st by Business Today 2023 for MBA
Ranked 3rd by Outlook under the MBA (Government) category
Internationally ranked 50 by the QS World University Rankings 2024 - Masters In Management
Internationally ranked 61-70 by the QS World University Rankings 2024 - Masters In Business Analytics

Programs Offered:

IIM Calcutta offers a variety of long-duration programs tailored for working professionals, allowing flexibility with evening and weekend sessions.
The institute emphasizes thought leadership, organizing seminars and workshops in collaboration with national and international organizations and universities.
For international exposure, IIM Calcutta facilitates student exchange programs through its international center of excellence in management education.

Accreditations and Memberships:

Accredited by AACSB and AMBA, showcasing adherence to international standards of quality education.
Member of CEMS, a global alliance of leading business schools and multinational companies, enhancing opportunities for international collaborations and exchanges.

Location:

Situated in Joka, Kolkata, IIM Calcutta's sprawling campus provides an ideal environment for academic pursuits and holistic development.

Flagship Programs:

MBA/PGDM and Executive MBA/PGDM are the institute's flagship programs, known for their rigorous curriculum and industry relevance.

IIM Calcutta continues to uphold its legacy of excellence, innovation, and leadership in management education, preparing students to thrive in dynamic and competitive global environments.

IIM Calcutta Placements 2023 Report

Key Highlights:

Placement Rate: 100% for both 2023 and 2022, reflecting the institute's consistent track record in ensuring placement opportunities for all students.
Batch Size: 465 students participated in the placement process for 2023, maintaining consistency with the previous year.
Total Recruiters: 190 recruiters participated in the placement drive, indicating a strong network of corporate associations.
New Recruiters: Witnessed an increase with 39 new recruiters participating in 2023 compared to 18 in the previous year, showcasing the growing interest of companies in hiring from IIM Calcutta.
Total Offers: Despite a slight decrease from the previous year, with 573 offers in 2023 compared to 631 in 2022, the number remains substantial, ensuring ample opportunities for students.
Highest International CTC: INR 94.82 LPA, marking a remarkable achievement and reflecting the global recognition of IIM Calcutta graduates.
Highest Domestic CTC: INR 1.15 CPA, demonstrating the lucrative opportunities available to students within the domestic market.
Average CTC: INR 35.07 LPA, showcasing a slight increase from the previous year's average of INR 34.20 LPA, indicating the overall positive trend in compensation packages.
Median CTC: INR 33.67 LPA, indicating a strong midpoint in the distribution of salary packages offered to students.
Major Domains: Consulting emerged as the dominant domain for placements in 2023, underscoring IIM Calcutta's strength in this sector.
Sectors offering the Highest CTC: Finance sector witnessed the highest CTC offerings, showcasing the diverse opportunities available to students across sectors.
Top Recruiters: Included renowned companies such as Avendus Capital, Citi Bank, Deutsche Bank, HSBC, Goldman Sachs, Morgan Stanley, and Standard Chartered, reaffirming their trust in IIM Calcutta graduates.

Overall, the placement report for 2023 reflects IIM Calcutta's strong industry connections, diverse opportunities across sectors, and the exceptional caliber of its student talent.