Indian Institure of Management, Ahmedabad (IIM-A) is considered to be the toughest of the MBA schools in India to get into. At IIM Ahmedabad, there are over five hundred applicants for every seat in 2005. The institute offers four programs in management. The PGP - Post Graduate Program (an equivalent to MBA), the FPM - Fellowship Program in Management (equivalent to Ph.D), the FDP - Faculty Development Program for management teachers and trainers and the MDP - Management Development Program - a refresher for middle and top level managers.
The mission of the school is to professionalise Indian management through teaching, researching, training and consulting. It also aims to professionalise some of the vital sectors of India's economy, such as agriculture, education, health, transportation, population control, energy and public administration.
IIM-A initiated a case method of teaching among the MBA institutes in India as a result of its collaboration with Harvard Business School.
Indian Institute of Management, Calcutta, was established as the first national institute for post-graduate studies and research in management in 1961.The institute offers three full time programs. The PGDM - Post Graduate Program in Management (an equivalent to MBA), the FPM - Fellowship Program in Management and the PGDCM - Post Graduate Diploma in Computer Aided Management.
The IIM-Calcutta is renowned for its emphasis on freedom of thought and quantitative bent of mind. IIM-Calcutta was one of the first MBA schools in India to implement an extranet connecting faculty, students, alumni and corporates. IIM Calcutta is also known for its cultural aspirations - the annual festival Intaglio and music bands, famously named after the public transport bus routes that 'connect IIMC to civilization' - Joka Bus Stand and 12-C.
Another representative of the MBA schools in India is Indian Institute of Management, Lucknow (IIM-L), which was established in 1984 on the outskirts of the historic city of Lucknow. The school was founded by the Government of India as a national school of excellence in management science.
IIM-L's mission is to promote management development both: in India and abroad. IIM-L launches a wide range of academic activities, aimed to create, spread and apply management knowledge and practices. These include : a two year full time Post Graduate Program (an equivalent to MBA); the Fellow Program; the Management Development Program; Research Programs and Consulting Programs. IIML is also entering into collaborative arrangements with leading business schools and research centers in India, Europe, Canada, South and Southeast Asia. The institute has an interesting student exchange program, where students of this B-School go to premier B-Schools over the world and do a part of their education.
India is a country of diversity and contradictions. From north to south and east to west the geography, climate, history, architecture, people, food, attire, languages spoken, customs, traditions and religions followed are diverse.
MBA schools in India are as various as the country itself, differentiating in regional coloring, age, MBA programs, facilities, aims and missions, though all of them rank among the top and most prestigious business schools in India and Asia.