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Course with an international flavour 

In a transient world, paranoia only survives. It is particularly so when itcomes to employment. Be it the continuous look-out on the part of theemployee for greener pastures, or the increased competition among employees,or the quest to keep pace with rapidly developing technology, the paranoiaof getting a job or losing one is omnipresent. But this can be overcome ifone is equipped with skills, training and education that have aninternational flavour. The Delhi-based International Management Institute(IMI) boasts of providing its students -- both fresh and workingexecutives -- with this competitive edge.

"We have an international affiliation with the Institute for ManagementDevelopment, Lausanne, which is considered a pioneer institute in the world,to introduce a 12-month intensive MBA course," says Dr Arindam Banik, aprofessor at IMI.

Apart from the institute's international affiliation, which is also largelyreflected in the structure and perspective of its different curricula, theprogrammes have cut a niche for themselves. According to a recent survey onAsia's best MBA Schools by the Hong Kong-based news magazine, AsiaWeek,IMI's three-year, part-time Post-Graduate Programme in Management (PGPM) forworking executives has been adjudged the best among such programmes offeredby business schools in India. The institute's two-year, full-timePost-Graduate Programme in management (PGP) has been adjudged the fourthbest curriculum available in India, while its 10-month Post-GraduateProgramme in International Management (PGPIM), again for working executivesand entrepreneurs, has been awarded the second best status in the country.

IMI has achieved this feat within just six years of its being. "Strictlyspeaking, modelled after the one-year management programme of the IMD,Lausanne-which was formerly the International Management Institute inGeneva-IMI first opened its doors to students in 1981. But it has startedoffering its two-year, full-time and three-year, part-time programmes since1993-94," says Dr N K Sengupta, director general, IMI.

"The courses we offer at IMI have a strong international as well astechnology flavour, whereby students acquire a global business perspective,"says Banik, "following which almost 100 per cent of our students in eachbatch get openings with highly rated companies."

"Not only freshers, but even participants in IMI's executive developmentprogrammes are in a position to negotiate for better lateral placements andthey get the jobs," quips Dr Sengupta.

He continues, "IMI is the country's first corporate-sponsored businessschool with its reliance on generating revenue for running the institute byitself through academic activities and not taking grants from thegovernment." It generates its revenue from student tuition fees, undertakingcorporate training programmes, corporate and government research projects,etc.

"The corporate or government research projects are undertaken by theteachers of the institute," explains Banik. "Such activities generaterevenue for the institute, and the teachers also gain a lot of experiencefrom carrying out these projects, and the experience finally percolates tothe students and benefits them immensely. The institute also gets assistancefrom its alliance with the Manchester Business School, which operatesthrough the Overseas Development Assistance (ODA) programme," Banik says.The prime advantages of this institute lie firstly in its unique feature ofcorporate sponsorship, which renders to students a great source forinternships and employment placements. On this count, IMI got the highestpoints in AsiaWeek's rankings; secondly, in its executive development andin-company training programmes, research projects and consultancyservices.

The fees for a course at IMI are a bit on the higher side. For the one-yearPGPIM programme (the programme has been approved by the Indian government'sHRD ministry), the course fee is Rs 1.40 lakh for self-sponsored candidatesand Rs 2.75 lakh for company-sponsored candidates. For the three-year PGPMfor working executives, the fee has been set at Rs 1.4 lakh, payable in sixinstallments. The fee structure for the full-time, two-year PGP has beendivided under five heads. For self-sponsored, domestic students, the coursefee is Rs 2.65 lakh payable in four installments. For company-sponsoreddomestic participants, the fee is Rs 5.5 lakh with no installment facility.

Non-resident students or NRI-sponsored students have to pay a fee of$35,000. But if the student belongs to a SAARC country or a developingcountry, the fee gets reduced to $13,500. IMI has also reduced the fee forstudents who are the direct dependents of a soldier who died in the recentKargil conflict to Rs 1,35,000 payable in four installments.

The institute arranges loan assistance from financial institutions fortwo-year PGP students who have the merit, but not the financial backing totake up the course. But to get admission to the PGP programme, a studentmust be a graduate with minimum 50 per cent aggregate marks and must haveappeared for the Common Admission Test (CAT) conducted by the IndianInstitutes of Management (IIMs). IMI shortlists candidates for admissionprimarily on the basis of the points scored in CAT.

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