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The Indian Institute of Management in Nagpur was established in 2015, making it the youngest and the northernmost within the fraternity. And that is why the IIM- Nagpur in Maharashtra along with half a dozen other IIMs are popularly termed as the ‘Baby IIMs’. After about a dozen IIMs had already been opened, the Ministry of Human Resource and Development decided that it was time to add to the tally. So, in the twelfth five-year plan seven new IIMs were established. This list includes- Amritsar, Bodh Gaya, Jammu, Sirmaur, Nagpur, Sambalpur and Visakhapatnam. Due to them being new to the industry, they were all assigned a mentor among the original IIMs.
IIM-N is being mentored by none other than IIM-A. It is presently part of a campus-sharing agreement with one of the top engineering colleges from the state, located in Nagpur itself, but it is soon set to move to its own permanent 135-acre campus. The only course that is being fully executed here right now is the 2- year PGP. It has all the electives in place. Executive courses or doctoral programmes are yet to be introduced here. Year-round MDPs (Management Development Programmes) take place in various subjects targeting mainly working professionals. Customized programmes can also be created specifically for corporates.
Admissions to IIM- Nagpur as well as the other newer IIMs, is through a common process. First of all, the CAT exam is mandatory, from where students are shortlisted for a second round. Since now there are so many IIMs, a common realization emerged that it is not possible to sit for separate interviews or other stages for so many institutes. In addition, students also apply in general to other non-IIM private as well as government institutes. This gets all the more difficult for working professionals. That is why the second round for all the new as well as ‘Baby IIMs’ is done through the Common Admission Process (CAP). Students are shortlisted jointly for this entire process, after which each individual college submits its selection list depending on its own criteria. The exact rules regarding the CAP change frequently. Earlier, a rule existed where those shortlisted for the older seven IIMs (including Shillong), need not appear for the CAP. But that has been done away with now. In addition, some baby IIMs have also given calls to some who did not make the grade for the CAP. But generally, a common process eases operations and reduces student hassles in a big way.
Unlike the original six IIMs, the one at Nagpur never had much of a diversity issue. This is because, by the time the institute started taking its first few batches, this thinking had already emerged, so the admissions were done with this being kept in mind. Even the regional diversity is fairly high, with students recruited from all over India, and then placed at different places. This enables a strong nation-wide or even international alumni link. The CAT is mandatory like at the other IIMs, followed by an interview and usually a WAT (Written Ability Test). Overseas candidates need to go via the GMAT route.
The student community is getting quite active at IIM- N, with several clubs and committees being formed here. In toto with being in the same state as India’s commercial capital, IIM-N puts enormous focus on entrepreneurship and self- employment. And that is why the institute has started its own incubation centre for entrepreneurs. It is known as In-FED or IIM-N Federation for Entrepreneurship Development. Its major tasks are entrepreneurship incubation, facilitative services and research through various educational programmes. In 2018, the institute even launched a specific Women Start-up Programme (WSP). Even the PGP students are given some training through the In-FED, so that they may be better prepared once they hit the road. In addition to the In-FED, there are specific committees looking into specific roles. The self- explanatory names of these committees are for Placements, Mess and Infrastructure each.
There is a dedicated Student Affairs Council (SAC) to oversee the non- academic activities of students. There are clubs for both academic as well as non- academic affairs. Academic clubs include Finesse, MARX, Opex and Predixion for finance, marketing, operations and analytics respectively. The non- academic clubs are the Toastmasters, Media Connect, Ecell, Ummeed, Abhudaya and the Sports Club. There is also a special interest group called Cineastes. The purpose of this is to imbibe learning through various forms of entertainment. Annual events such as Brandit and Illume which is an HR conclave, bring much industry to connect to this fledgeling, yet reputed institute.
The institute may not be too old, but it has already created a vibrant alumni network. The alumni committee is in constant touch with the past students, improving the connect on a constant basis. This is even rubbing off on the present students. Such activities have helped generate top-notch placements for the present batches. Some of the recent years’ recruiters include- YES Bank, JK Tyres, L&T, CRISIL, VLCC, GMR, ICICI Lombard, Aditya Birla Capital, Infosys, India-mart, Motilal Oswal, Mapro, Coffee Day Enterprises, DTDC and Bajaj Allianz.
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