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Indian Institute of Management, Bangalore pioneers the degree awarding practice based on the premises of the IIM Act 2017. In its 43rd Annual Convocation held on March 17, 2018 at its campus, the IIM-B postgraduate batch of 2016-18 was awarded the MBA degree instead of the customary PGDM certificate. Since the Act came into effect on January 31 this year, to confer complete autonomy to the 20 IIMs and adjudge each of them as an ‘Institution of National Importance’, thus enabling them to offer degrees and further make substantial administrative changes
This is the first time that one of the top rung IIM has taken the lead in partially putting the Act into action. The IIMs, prior to the passing of the Act, were autonomous bodies authorized to award Post Graduate Diplomas equivalent to Degree and Fellowships equivalent to Doctorates as recognized by the Association of Indian Universities and the Ministry of HRD. However, the equivalence was not universally accepted, especially for the Fellowship program, which led the government to deliberate on such an Act and pass it finally. Check Here IIM Bangalore CAT Cutoff and Admission Criteria 2018
As the first of all the IIMs, Indian Institute of Management - Bangalore awarded the MBA degree to the graduating students of its Post Graduate Program in Management(PGP). The graduating batch of 593 students comprised of 20 Fellow Program in Management (FPM) students, 22 Post Graduate Program in Public Policy and Management students, 71 Post Graduate Program in Enterprise Management students, 1 students from the earlier edition called the Post Graduate Program in Software Enterprise Management, 73 Executive Post Graduate Program in Management (EPGP) students, and 406 Post Graduate Program in Management (PGP) students. Check Here About CAT Cut off
The Director of IIM BangaloreProfessor G. Raghuram, congratulated the graduating students on completing their respective programs and lauded the lead initiative taken by IIM-B in the awarding of degrees instead of diplomas. He also spoke of the Institute’s plans to examine possibilities of awarding degrees for other programs as well.
The IIM Act 2017 opens up the possibilities of new undergraduate programs in management, apart from postgraduate degree programs in Management, at all the IIMs. Currently, only IIM Indore offers a five-year integrated program in Management. Allother IIMs offer postgraduate diploma programs in management and other short-term programs in business planning, strategy, and leadership. The IIMs, armed with the Act, will be in a position to design and deliver undergraduate courses as well, with the approval of the All India Institute of Technical Education (AICTE).
Every year, around 4000 candidates are admitted into various management programs offered by the 20 IIMs through CAT. Since IIMs were not guided by the UGC or any Act of the Parliament, they did not have the liberty to grant degrees to its graduating batches. The IIM Act 2017 changes this.
The general chatter now is that, given the common admission process for all the IIMs, the award of the academic qualification for the same programs at different institutes should also be the same to safeguard the established image of the IIMs. IIM Bangalore director Prof. G Raghuram, however, allays all apprehension saying that since 2018 is a transition year, hence the disparity in some of the IIMs awarding degrees while others awarding diplomas will not impact the brand IIM.
The IIMs have always had autonomy in terms of recruitment of faculty, design, and delivery of programs, admissions and setting of academic priorities. As per the provisions of the IIM Act, the IIMs now are bestowed with greater autonomy in terms of appointment of the overall governing body and Directors of each institute, thus avoiding delays and uncertainties in recruitment; guidelines regarding land acquisition, development of new campuses etc. in order to extend the scope of the institutes beyond the borders.