The Indian Institutes of Management (IIMs) are the coveted management / business schools of India, located in the cities of Ahmedabad, Bangalore, Indore, Kolkata, Kozhikode, and Lucknow. They award post-graduate diplomas in management (equivalent to an MBA) with various specializations. The programs are of a duration of two years. Apart from the flagship programs, the IIMs also offer various shorter duration management training programs as well as part-time MBA programs for various organisations and individuals. All the IIMs are completely autonomous institutes owned and financed by the Federal (Central) Government of India.
The IIMs are considered the top business schools in India. These six IIMs along with the Indian Institutes of Technology (Engineering and Technology), the Indian Institute of Science (Science), the Indian Statistical Institute, the National Law School of India University (Law) and the All India Institute of Medical Sciences (Medicine) form the elite club of the best centers for higher education in India and are comparable to the best in the world. Though initially constrained due to the closed nature of the Indian economy prior to the reforms era, with the opening up of the Indian economy in the 1990s and with thousands of alumni placed in important positions in the top companies and locations all over the world, the IIM alumni network is now rapidly enhancing the influence and reputation of the Indian Institutes of Management on the global business scene like the IITians have done in the field of technology. With the increasing international awareness and interest in India, in recent years, the older three IIMs (Ahmedabad, Bangalore, and Kolkata) have regularly started featuring among the top business schools in Asia and the world in many respected international surveys and the "Indian Institutes" are slowly but surely gaining international recognition.
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