IIM Explained – Full Form, Colleges, Ranking, Curriculum, Fee, more

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Manavta

28 February, 2025

IIM Explained – Full Form, Colleges, Ranking, Curriculum, Fee, more

Did you know that the 10-year ROI of an MBA alumnus from a top-ranked institute has risen to 325%? Enrolling in an IIM management course provides you with the opportunity to master a broad range of tools. Moreover, you shall learn approaches to help you better understand how businesses operate.

IIMs offer the best and most varied internship programmes. MBA students get the opportunity to engage with the corporate world and gain an in-depth understanding of it as a part of their education. You would gain knowledge of the difficulties of managing a business during their internship, preparing them for the demands of the workplace in the real world.

Graduates from IIM work as professionals who are highly cognizant of the challenging external environment. Moreover, the top IIMs are known for their undefeatable 100% placement records. As one of the top business schools in the world, IIM attempts to create a more application-focused MBA curriculum through case studies, simulations, summer internships, and real-world industry projects that replicate real-life scenarios and foster leadership development. This blog would explore different IIM colleges, their rankings, fees, courses, and more. Moreover, the blog covers the full forms, meaning, IIMs ranked colleges, IIM courses and a list of the top IIM institutes in India.

IIM Full Form & Its Importance

The full form of IIMs is Indian Institutes of Management (IIMs). These independent public business schools in India focus on management education and research. These institutes were established for future businesspeople and leaders. The Indian government has designated these institutions as being of national importance. With the addition of IIM Mumbai, there are now 21 IIMs in India known for its management programmes. Let’s explore some of the reasons that make IIMs some of the top B-schools globally.


  • IIMs operate under the general direction of the Ministry of Education, Government of India; each IIM is autonomous in its operations, rules, and curriculum.

  • IIMs are the top institutions in the nation for pedagogy, faculty, facilities, and training. They are dispersed around the nation.

  • These universities are renowned for offering lucrative job placements in both the public and private sectors.

  • According to the NIRF-MHRD ranking of India’s top management institutes, six of the 21 IIMs are ranked in the top 10.

  • IIM Bangalore, IIM Calcutta, and IIM Ahmedabad are ranked in the top 50 management education institutions worldwide.

  • IIMs use the results of the Common Aptitude Test (CAT), the Written Ability Test (WAT), the Group Discussion (GD), and the Personal Interview (PI) to determine who gets admitted to their PGP/MBA programmes.

Exploring the List of Top 15 IIMs

1. IIM Ahmedabad

IIM Ahmedabad, one of the top management schools in the world, provides executive education, research opportunities, and a demanding PGPM curriculum. It is renowned for having a robust industry interface and creative pedagogy. The curriculum shall include corporate finance, financial markets, marketing management, economics, costing, and more.

EstablishedCourses OfferedDuration
Ahmedabad, Gujarat 1961Post Graduate Programme in Management (PGPM)2 years
Fellow Programme in Management (FPM)1-2 years
Executive MBA1 year

Also read: IIM Ahmedabad Online MBA: Prepare For Leadership Roles.

2. IIM Bangalore

Known for both its academic brilliance and diverse student body, IIM Bangalore is situated in India’s Silicon Valley. Offering PGPM, EPGP, and FPM among other management programmes, it promotes holistic development. IIM-B offers industry-aligned, tech-enabled programmes. The curriculum would include organisational behaviour, management principles, probability, statistics, and more.

EstablishedCourses OfferedDuration
Bangalore, Karnataka, 1973Post Graduate Programme in Management (PGPM)2 years
Executive Post Graduate Programme in Management (EPGP)1 year
Fellow Programme in Management (FPM)4-5 years

3. IIM Calcutta

With a long history extending over fifty years, IIM Calcutta is widely recognised for its emphasis on leadership development and academic rigour. Its PGDM programme is well regarded, and research and entrepreneurship are major priorities for the institute. The institute’s business management courses cover concepts like marketing, economics, finance, marketing, operations, etc.

EstablishedCourses OfferedDuration
Kolkata, West Bengal, 1961Post Graduate Diploma in Management (PGDM)2 years
Post Graduate Programme for Executives (PGPEX)1 year
Fellow Programme in Management (FPM)4-5 years

4. IIM Lucknow

It is known for its multidisciplinary approach to management education. It provides a broad curriculum that accommodates a range of employment goals, including speciality programmes like PGP-ABM. The PGP programme’s curriculum is designed to meet the dynamic needs of the corporate ecosystem, Some of the core subjects include finance, accounting, human resource management, decision sciences, etc.

EstablishedCourses OfferedDuration
Lucknow, Uttar Pradesh, 1984Post Graduate Programme in Management (PGPM)2 years
Post Graduate Programme in Agribusiness Management (PGP-ABM)2 years
Fellow Programme in Management (FPM)4-5 years

5. IIM Kozhikode

This university, which is tucked away in Kerala’s bucolic surroundings, stands out for emphasising sustainability and creativity. Its worldwide perspective and experiential learning opportunities are well-known features of its PGPM programme. The curriculum covers core and elective courses. Some of the core subjects are managerial economics, communication for management, marketing, etc.

EstablishedCourses OfferedDuration
Kozhikode, Kerala, 1996Post Graduate Programme in Management (PGPM)2 years
Executive Post Graduate Programme (EPGP)1 year
Fellow Programme in Management (FPM)4-5 years

6. IIM Indore

It is known for its academic brilliance and practical application to industry; IIM Indore is situated in the centre of India. It provides a broad range of management programmes with an emphasis on leadership and social responsibility, including the flagship PGPM. Moreover, PGPM’s curriculum is specifically designed to cater to current industry needs. The curriculum includes financial accounting, marketing, operations management, quantitative techniques, organisation behaviour, etc.

EstablishedCourses OfferedDuration
Indore, Madhya Pradesh, 1996Post Graduate Programme in Management (PGPM)2 years
Executive Post Graduate Programme in Management (EPGP)1 year
Fellow Programme in Management (FPM)4-5 years

7. IIM Shillong

This IIM is nestled amidst the magnificent Meghalayan hills. It provides a distinctive fusion of conventional knowledge and contemporary management techniques. Its PGPM programme places a strong emphasis on inclusive growth and sustainability. This 2-year programme elective courses such as game theory, infrastructure project, corporate governance, and more.

EstablishedCourses OfferedDuration
Shillong, MeghalayaPost Graduate Programme in Management (PGPM)2 years
Post Graduate Programme in Management for Working Executives (PGPWE)3 years
Fellow Programme in Management (FPM)4-5 years

8. IIM Rohtak

It is known for its cutting-edge research and industrial partnerships. It is located in Haryana, an area quickly becoming a centre for education. It provides customised programmes to meet the changing demands of the business sector. Some of the concepts you would learn here are marketing, finance, human resources, operations, and more.

EstablishedCourses OfferedDuration
Rohtak, Haryana, 2009Post Graduate Programme in Management (PGPM)2 years
Executive Post Graduate Diploma in Sports Management (EPGDPM)1 year
Fellow Programme in Management (FPM)4-5 years

9. IIM Ranchi

IIM Ranchi encourages collaborations between academia and industry as well as an entrepreneurial culture. Students who complete the PGDM degree will have both managerial knowledge and practical capabilities. The PGDM curriculum is divided into six terms. It would cover various management areas and specialised elective courses across the term.

EstablishedCourses OfferedDuration
Ranchi, Jharkhand, 2010Post Graduate Diploma in Management (PGDM)2 years (PGDM)
Executive Post Graduate Diploma in Management (EPGDM)1 year (EPGDM)
Fellow Programme in Management (FPM)4-5 years (FPM)

10. IIM Raipur

IIM Raipur is renowned for its research-driven methodology and innovative curriculum. It provides cutting-edge initiatives like EFPM, enabling academics to significantly impact academia and business. The institute’s management programme includes subjects such as behavioural science, operations, quantitative aptitude, strategy, entrepreneurship, and more.

EstablishedCourses OfferedDuration
Raipur, Chhattisgarh, 2010Master of Business Administration (MBA)2 years (MBA)
Executive Master of Business Administration (EMBA)3 years (EMBA)
Doctoral Programme in Management (DPM)4-5 years (DPM)

11. IIM Trichy

IIM Trichy is known for its rigorous academic programme and industrial involvement. It is situated in Tamil Nadu’s cultural centre. Its PGPBM programme fosters business acumen and leadership excellence for professionals in mid-career. The programme offers courses such as business ethics, corporate finance, financial reports, management accounting, operations management, and more.

EstablishedCourses OfferedDuration
Tiruchirappalli, Tamil Nadu, 2011Post Graduate Programme in Management (PGPM)2 years (PGPM)
Doctoral Programme in Management (DPM)4-5 years (DPM)
Executive Doctoral Programme in Management (EDPM)2 years (PGPBM)

12. IIM Udaipur

IIM Udaipur is dedicated to promoting innovation and entrepreneurship. Its DEM programme aims to foster the development of future digital-era leaders who will propel socioeconomic change. The institute’s interdisciplinary management programmes cover the following areas foundation, functional, integrative, and skill building. Some of the electives include entrepreneurship and management consulting.

EstablishedCourses OfferedDuration
Udaipur, Rajasthan, 2011Master of Business Administration (MBA)2 years (MBA)
One Year Master of Business Administration1 year
Executive Master of Business Administration (EMBA)2 years (EMBA)

13. IIM Nagpur

As a component of the growth corridor for central India, IIM Nagpur is committed to developing managerial skills and promoting regional growth. A combination of theoretical understanding and real-world application is provided via its PGPM curriculum. The institute’s management courses include concepts such as marketing, economics, finance, marketing, operations, etc.

EstablishedCourses OfferedDuration
Nagpur, Maharashtra, 2015Master of Business Administration (MBA)2 years (MBA)
Executive Master of Business Administration (EMBA)2 years (EMBA)
Fellow Programme in Management (FPM)4-5 years (FPM)

14. IIM Amritsar

IIM Amritsar is situated in the culturally vibrant city of Amritsar. To prepare students for leadership roles, the PGPM curriculum strongly emphasises industry exposure and experiential learning. Some of the subjects include managerial economics, macroeconomics, financial management, business research, etc.

EstablishedCourses OfferedDuration
Amritsar, Punjab, 2015Master of Business Administration (MBA)2 years (MBA)
Executive Master of Business Administration (EMBA)2 years (EMBA)
Fellow Programme in Management (FPM)4-5 years (FPM)

15. IIM Bodh Gaya

IIM Bodh Gaya is located in the holy city of Bodh Gaya. This institution is committed to advancing sustainable development and providing high-quality management education. The programme’s PGPM emphasises societal impact and holistic growth. Some core concepts you would learn during the programmes are marketing, finance, human resources, operations, etc.

EstablishedCourses OfferedDuration
Bodh Gaya, Bihar, 2015Post Graduate Programme in Management (PGPM)2 years (PGPM)
Fellow Programme in Management (FPM)4-5 years (FPM)

From Dream to Reality: Discovering The Eligibility Criteria

IIMs provide hundreds of courses across all their campuses including Delhi, Calcutta, Lucknow, Ahmedabad, etc. They provide a variety of executive MBA, one-year diploma, PhD, and certificate degrees in addition to PGP and MBA courses. These courses cater to the requirements of the corporate sector and the quickly evolving job market. For consideration in the IIM admissions process, you must fulfil the following qualifying criteria. The criteria and percentage requirements are different for each campus, you may check the campus’s official website to know more.


  • Candidates in the general category must have at least 50% total graduation marks.

  • Reserved category candidates must have a minimum of 45% overall in their graduation.

  • Candidates must qualify for the minimum CAT exam cut-off score established by the relevant IIM. The CAT percentile is applied to select individuals in their desired courses. Then, their academic background, gender diversity, work experience, WAT/GD, and PI performance are considered for admission.

Modes of Study

‘Padai 📚 hui ab aur bhi asan. 🔖Kabhi bhi kaise bhi!’

In 2025 learning is not limited to the classrooms. Rather you have the option to learn at your pace without compromising on your convenience. This is why today you have more than one mode of study: regular or full-time, part-time, and online. Let’s take a detailed look at each mode with some examples of the programme:

Full-Time Mode

Most of the courses at IIM are full-time. The two-year, full-time residential programme’s goal is to prepare students for leadership responsibilities in a world that is becoming more dynamic and complicated.

Post Graduate Programme in Management (PGP)

Part-Time Mode

Fortunately, a wide variety of part-time management programmes is offered by 10 of the 21 IIMs. Different IIM Institutes provide different part-time courses.

  • Ecosystems and Platforms: A Strategic View

  • Logistics Management

  • LEAD: Senior Leadership Programme for CXOs

  • Fellow Programme in Management

Online Mode

IIMs provide a variety of online courses with different goals in mind. The goal of online courses is to help you upskill leading to improved management skills. There are around thirty specialisations offered by IIMs in their online courses.

  • Manufacturing Strategy

  • Supply Chain Management

  • B2B Marketing

  • The Winning Edge: Communication Strategies for Leaders

Placement Support

IIM has one of the top placement services in India. Every year, IIM conducts placements for PGDM and MBA degrees between January and March for the MBA/PGP batch. At the top IIMs, the highest pay offers have been documented at INR 70 lakh to INR 1.15 crore as CTC. Additionally, the average package at the top IIMs rose to INR 34.36 LPA across sectors. Typically, all the IIMs have offer extensive placement services. Here is an example from the IIM Ahmedabad, take a look at their official placement process:


  • Mentorship and industry talks

  • Networking with fellow alumnus

  • Summer internships

  • Aid in Entrepreneurship as a career

  • Pre-placement talks

  • Final placement process

Final Takeaway

It is not enough to just apply to IIMs to succeed. Enrolling in an MBA programme could help you advance into managerial positions and start your career. Selecting a specialisation that closely fits your interests, professional objectives, and industry trends will help you equip yourself with the skills and knowledge. This shall help you succeed in today’s cutthroat business environment. By now you must have understood the reason that makes IIMs the top B-schools of the nation and worldwide. This comprehensive guide takes you through the top 15 IIMs. From its eligibility to the placement services, the blog covers it all.

FAQs

Q1. What does an IIM do?

The best management education is provided by an IIM (Indian Institute of Management). It also provides research opportunities, executive education, and MBA programmes. Its goal is to create competent managers and leaders by exposing students to the business world, demanding coursework, and cutting-edge teaching techniques.

Q2. What is so special about IIM?

IIMs are renowned for their high academic standards, prestigious reputation, and strong industry connections. Their top-notch faculty, state-of-the-art facilities, vast alumni networks, and fantastic placement possibilities make them an outstanding alternative for aspiring managers.

Q3. Is IIM tougher than IIT?

IIM and IIT are both different things. In their respective specialities, both institutes are extremely demanding and competitive. While IIMs specialise in management, IITs concentrate on engineering and technology. Both universities provide demanding academic programmes and entrance tests, but they target distinct skill levels and interests.

Q4. Which IIM is easy to get into?

While there is intense competition for admission to all IIMs, some of the more recent ones, including IIM Jammu, IIM Sirmaur, and IIM Bodh Gaya, may have slightly lower cutoffs than the more traditional ones, like IIM Ahmedabad, IIM Bangalore, and IIM Calcutta. Still, the selection procedure is challenging for all IIMs.

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