Indian Institutes of Management (IIM System)
भारतीय प्रबंधन संस्थान
The IIM system comprises 20 prestigious management institutions offering MBA and other business programs, recognized globally for producing high-caliber management professionals. These autonomous institutes operate under the Ministry of Education and admit students through the Common Admission Test (CAT).
Key facts
- IIM Calcutta founded in 1961, the first IIM
- Currently comprises 20 IIMs across India
- Two-year full-time MBA programs with 90%+ domestic/international placement rates
- CAT (Common Admission Test) with selection rate below 1%
- Autonomous bodies funded by Government of India
Details
The Indian Institute of Management (IIM) system is India's premier management education ecosystem. IIM Calcutta, established in 1961 with assistance from Harvard Business School, was the first IIM and remains the flagship institution. Today, the system comprises 20 IIMs spread across major metropolitan areas including Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Ahmedabad, Lucknow, Indore, Kozhikode, and newer locations. Each IIM offers flagship two-year MBA programs alongside specialized postgraduate programs in management, executive education, and doctoral research. The institutes are highly selective, with CAT (Common Admission Test) having a selection rate below 1%, with approximately 2 lakh candidates competing for around 4,000 seats annually. IIM graduates command premium salaries with average placements exceeding INR 25 lakh annually, making these institutes among the world's top business schools for ROI.