To ink pact with CEMS, a global alliance of business schools

With the golden jubilee celebrations to mark 50 years of the Indian Institute of Management, Calcutta ( IIM-C), ending last week, the institute is preparing to shift from the conventional approach to management education to laying emphasis on expanding its global presence as well as on research.

On November 30, IIM-C will sign a memorandum of understanding with CEMS, a global alliance of business schools and corporate institutions offering a Masters in International Management programme.

“Now that IIM-C has completed 50 years we are stressing on internationalisation. After a tie-up with CEMS, we will be the only business school in India to be a part of this alliance,” Ashok Banerjee, Dean, New Initiatives and External Relations of IIM-C told The Hindu on Monday.

From the 2013 academic session, 27 students of IIM-C’s postgraduate programme in management will spend one term ( three months) at 27 different business schools in Europe, Asia, Australia and North and South America, he said, adding that they students will have the opportunity to earn an (MIM) degree from CEMS along with a management degree from IIM-C.

IIM-C will be the 28{+t}{+h}academic institution to tie up with CEMS, known as the Community of European Management Schools and International Companies.

It later opened up to institutes in Asia, Australia and North and South America. Along with the tie-up with CEMS, IIM-C will submit a formal application for accreditation to the Association of Advanced Collegiate Schools of Business (AACSB) by the beginning of next year, Prof Banerjee said.

The accreditation will also help students attain a double degree and help the IIM-C to participate in international ratings for global management schools.

According to Prof Banerjee, the other focus area for IIM-C will be research and the area has also been emphasised mission statement of the institute. “Earlier the institute emphasised on excellence in teaching now we are going to stress on excellence in both teaching and research. For the faculty members also reach has become crucial for their career advancement,” he said.

Every year about 20 students are admitted to the Ph.D. (Fellow) programme of the institute, admission to which is open through multiple examinations like common admission test (CAT), graduate management aptitude test (GMAT) and the junior research fellowship of the University Grants Commission, IIM-C officials said referring to the emphasis on the research which the institute is providing.