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| {{Hatnote|This article is about a business school. For other uses and details, see ].}} | |||
| {{Use dmy dates|date=October 2011}} | |||
| {{Multiple issues|citation style=December 2009|cleanup=December 2009|advert = May 2012}} | |||
| {{Infobox university | |||
| | name = Indian Institute of Planning and Management | |||
| | motto = What we teach today, others adopt tomorrow | |||
| | image_name = <!--PROVIDE A LOGO OF IIPM--> | |||
| | image_size = <!--AND MENTION ITS SIZE TOO--> | |||
| | established = | |||
| | type = ] ] | |||
| | endowment = | |||
| | staff = | |||
| | faculty = | |||
| | director = ] | |||
| | vice_chancellor = | |||
| | dean = ] (Honorary Dean) | |||
| | students = | |||
| | undergrad = 600 | |||
| | postgrad = 4500 | |||
| | doctoral = | |||
| | city = New Delhi | |||
| | state = ] | |||
| | country = ] | |||
| | campus = New Delhi | |||
| | free_label = | |||
| | free = | |||
| | affiliations = | |||
| | website = | |||
| }} | |||
| '''Indian Institute of Planning and Management''' (IIPM) is a business school headquartered in New Delhi, with 18 branches across ]. Founded in 1973, the institute offers undergraduate and postgraduate programmes in ] and ],<ref name="Pioneer story">retrieved on 20 June 2010 from the , broken link here http://www.dailypioneer.com/247366/IIPM-An-intriguing-story-of-growth-and-envy.html</ref> as well as international and fellowship programmes. Its executive education programs also include non-credit courses and visits at foreign business schools.<ref name="CNN">, original link retrieved on 20 June 2010</ref><ref name="Darden official newsletter">http://www.darden.virginia.edu/uploadedFiles/Navigate_Darden/Darden_Around_the_Globe/Darden_Indian_Alumni_Chapter_Newsletter_Jan_2009_02-20.pdf retrievedon 22 March 2010</ref> the institute has been the subject of tax issues which have been resolved, trade practices investigations which have been suspended, as well as media reports on controversies with respect to its advertising and ranking.<ref name="Spiegel article on IIPM">{{cite news|author=Bärbel Schwertfeger|title=Fernes, fremdes Indien|url=http://www.spiegel.de/unispiegel/studium/0,1518,646530,00.html|work=Der Spiegel|date=4 September 2009}}</ref> In 2011, IIPM was ranked the 5th best business school in India and the 2011 Best B-school in Asia overall among B-schools from 29 countries at the second Asia’s Best B-School awards.<ref name="Zee 2011">, 2011, Zee Business</ref><ref name="HT 2011">, August 2011, news brief</ref> | |||
| ==History== | |||
| IIPM was started in 1973 in New Delhi.<ref name="financialexpress.com">{{cite news | title=IIPM sprouts wings, starts chapter in Mumbai| url=http://www.financialexpress.com/printer/news/49186/ |newspaper=Financial Express | date=13 June 2002}}</ref> According to the institute, its "first residential full-time post graduate diploma program" started in the year 1974 after selection tests were conducted in Delhi, Kolkata, Mumbai and Bangalore.<ref name="IIPMhistory">{{cite web|title=IIPM History|url=http://www.iipmhistory.com/index.html}}</ref> Currently, the institute has 18 branches across India, including in ], ], ], ], ], ], Chandigarh, ], ], ], ], ], ], ], ], and ].<ref>{{cite web | title=IIPM branches| url=http://www.iipm.edu/IIPM-branches.html | publisher=IIPM}}</ref> | |||
| The Founding Director of IIPM is Dr. M. K. Chaudhuri, and the Honorary Dean is ].<ref name="IIPMhistory"/> | |||
| ==Facilities and faculty== | |||
| ] | |||
| IIPM has a three acre campus in New Delhi, and 17 branches across India, including ], ], ], ], ], ] and ]. The infrastructure of the main campus includes classrooms, teaching aids, libraries, electronic libraries, IT equipment like ] and laptops, and leisure equipment like a gymnasium and swimming pool; the facilities at the branches vary, but are usually less extensive.<ref>{{cite news | title=1500 IIPM students given free laptops by the management|url=http://www.hindu.com/2005/09/05/stories/2005090513990500.htm | date=5 September 2005 |work=The Hindu |accessdate=20 June 2008 | location=Chennai, India}}</ref> It has over 10,000 books in the Delhi libraries, with access to several other libraries through sharing agreements. | |||
| ] is Honorary Dean of IIPM.<ref name="Straight answers">{{cite news | url =http://timesofindia.indiatimes.com/articleshow/849622.cms | title = Straight answers | date = 13 September 2004 | newspaper=] }}</ref> The regular faculty of the institute comprises alumni of IIPM, as well as visiting professors.<ref name="chickens">{{cite news | last=Khanna | first=Aditya | coauthors=Kothari, Aarti | title=When the chickens come home...|url=http://www.businessworldindia.com/OCT3105/indepth04.asp|date=31 October 2005|archiveurl=http://web.archive.org/web/20080216042001/http://www.businessworldindia.com/OCT3105/indepth04.asp|archivedate=16 February 2008 |accessdate= 1 December 2009}}</ref> About 20% of its faculty have a doctoral degree.<ref name="FT1">{{cite news|last=Bradshaw|first=Della|url=http://www.ft.com/cms/s/57cb97bc-f3db-11da-9dab-0000779e2340.html|title=The maverick management guru|newspaper=Financial Times|date=4 June 2006}}</ref> According to the ''Financial Times'', IIPM has been successful in getting "many top international professors to teach in India." Unlike most other business schools, the school has also built up its teaching faculty in India by recruiting its own graduating MBA students.<ref name="FT1"/><ref name="timesofindia.indiatimes.com"/><ref>{{cite web|author=B-School Beat|url=http://www.business-standard.com/india/storypage.php?autono=207726 |title=On managing brands|publisher=Business-standard.com |date=19 April 2005 |accessdate=11 August 2010}}</ref><ref>{{cite web|url=http://www.ft.com/cms/s/2/aee282d6-5aec-11db-8f80-0000779e2340.html|title=/ Business education – Common ground across continents |work=Financial Times |date=15 October 2006 |accessdate=11 August 2010}}</ref><ref>{{cite web|url=http://www.ft.com/cms/s/2/57cb97bc-f3db-11da-9dab-0000779e2340.html |title=/ Business education– The maverick management guru|work=Financial Times |date=4 June 2006 |accessdate=11 August 2010}}</ref> | |||
| ==Accreditation== | |||
| The institute does not by itself award ] or ] degrees; it awards certificates for its students, who then can optionally apply for degrees from allied institutions. Inititially, they could receive ] or ] degrees from the International Management Institute in Belgium, itself not a recognized accredited institution.{{citation needed |date=May 2012}} <ref name="IMI website">http://www.timi.edu/masters-programs-without.html retrieved on 23 March 2010</ref><ref name="iipm.edu">{{cite web|author=Designed by Neel Verma, www.IIPM.edu |url=http://www.iipm.edu/faqs.html|title=Iipm: Faq'S|publisher=Iipm.edu|accessdate=11 August 2010}}</ref> Since 2010, IIPM students optionally get MBA/BBA degrees from ], a ] recognized university. Students of ISBE, a school run by IIPM, similarly get distance learning degrees from Manonmaniam Sundarnar University.<ref name="Pioneer story"/><ref name="IE-MSU-distance-education"/><ref name="UGC listed">{{cite web|url=http://www.ugc.ac.in/studyindia/inst/manonmaniam.html|title=Study in India... no limits, no compromise|accessdate=30 August 2010|publisher=University Grants Commission|year=Unavailable|author=Not mentioned|work=2004 StudyIndia, UGC|format=Text/HTML}}</ref> | |||
| The certifications offered directly by IIPM are not accredited by ], a regulating body for technical education in India, whose accreditation is a voluntary process.<ref name="AICTE voluntary"> Arindam Mukherjee, retrieved on 4 April 2010</ref><ref name="unapproved">{{cite web | title = List of Unapproved Institutions Running Technical Programmes without AICTE Approval |url=http://www.aicte.ernet.in/download/list-gen.doc|archiveurl=http://web.archive.org/web/20070322191636/http://www.aicte.ernet.in/download/list-gen.doc| format=Microsoft Word|archivedate= 22 March 2007 | accessdate=2 December 2009}}</ref> According to IIPM, its courses do not come under the purview of AIU, AICTE, UGC and similar government-established regulatory bodies.<ref name="IIPM Steals A March">{{cite news| last=Dhaundiyal-Panthry |first=Pallavee | title=IIPM Steals a march in management education |url=http://timesofindia.indiatimes.com/articleshow/774961.cms |work=The Times of India |location=India |date=12 July 2004|accessdate=6 June 2008}}</ref> | |||
| ====Current status==== | |||
| IIPM is the "on-site academic partner of ] which grants its degrees to IIPM students."<ref name="Mint article"/> Students of Indian School of Business and Economics (ISBE), run by IIPM, have a distance-learning degree arrangement with ].<ref name="IE-MSU-distance-education"/> In March 2009, IIPM received the “candidate for accreditation” status from ] (IACBE), an accreditation body for college and university programs. The status expires in March 2014.<ref></ref> While the degrees offered by Manonmaniam Sundaranar University are ] recognized, the certifications directly offered by IIPM are not accredited by AICTE, a government regulation body in India.<ref name="unapproved">{{cite web | title = List of Unapproved Institutions Running Technical Programmes without AICTE Approval|url=http://www.aicte.ernet.in/download/list-gen.doc|archiveurl=http://web.archive.org/web/20070322191636/http://www.aicte.ernet.in/download/list-gen.doc|archivedate= 22 March 2007|accessdate = 2 December 2009 }}</ref> Applying for accreditation with AICTE is a voluntary process and not mandatory.<ref name="AICTE voluntary"/> | |||
| ====History==== | |||
| ](UGC) had, prior to a court settlement in June 2008, said that IIPM was not authorised to operate as a university in India.<ref name="UGC_not_happy"/><ref>{{cite web|url=http://www.educationworldonline.net/index.php/page-article-choice-more-id-1282|title=Career Focus|publisher=Education World|accessdate=10 December 2009}}</ref> The acting Chairman of UGC, Prof V N Rajshekharan Pillai, in 2005 argued that the advertisements can be "misleading".<ref name="UGC_not_happy">{{cite news|url=http://www.moneycontrol.com/news/current-affairs/ugc-not-happyiipm_186410.html|title=UGC not happy with IIPM|date=24 October 2005 |publisher=Money Control|accessdate=10 December 2009}}</ref> According to the institute, it has not sought ''de jure''recognition from any statutory body or accrediting authority.<ref name="IIPM_not_req_recognition"></ref><ref name="Degree">{{cite web|url= http://www.iipm.edu/iipm-prospectus.pdf|title= IIPM Prospectus|accessdate= 6 January 2006|format=PDF|publisher=IIPM|page=44}}</ref> In October 2005, the University Grants Commission (and the AICTE later on) raised objections over IIPM offering technical degrees. The institute clarified that it never offered the MBA or BBA degrees. These are offered by IMI, Belgium, a not-for-profit business school.<ref name="IMI website">http://www.timi.edu/masters-programs-without.htmlretrieved on 23 March 2010</ref> In June 2008, the Delhi High Court advised the UGC and IIPM to settle the matter amicably and go for an out-of-court settlement.<ref>, June 24, 2008, Staff reporter</ref> Students who complete the certificate courses become eligible to apply for MBA/BBA degrees from the International Management Institute (IMI) Belgium or IMI's post graduate degrees.<ref name="IMI website"/><ref name="iipm.edu">{{cite web|author=Designed by Neel Verma, www.IIPM.edu |url=http://www.iipm.edu/faqs.html |title=Iipm: Faq'S|publisher=Iipm.edu|accessdate=11 August 2010}}</ref><ref> keeping this temporary link for future use</ref> IMI awards degrees to the institute's students as IMI has recognised the course structure of the institute.<ref>{{cite web|author=/ BUSINESS STANDARD September, 05 2002|url=http://www.business-standard.com/india/news/iipm-opens-in-mumbai/116548/ |title=Iipm Opens In Mumbai|publisher=Business-standard.com |date=5 September 2002 |accessdate=11 August 2010}}</ref> The alliance also enables the institute's students to visit IMI as part of student exchange programmes for one semester. It was reported in 2002 that extending the tie-up, IMI will also now confer its PhD awards to the institute's research fellows.<ref>{{cite web|url=http://www.financialexpress.com/printer/news/49407/ |title=B-schools: Scurrying For Global Cover |work=The Financial Express|date=15 June 2002 |accessdate=11 August 2010}}</ref> | |||
| The ] announced the signing of a ] in March 2009 with the institute, mentioning that the University of Buckingham is working together with the institute "towards the final accreditation of IIPM's BBA and MBA programmes."<ref>{{cite web | title=University of Buckingham-Partnerships|url=http://www.buckingham.ac.uk/facts/links/}}</ref> | |||
| According to the institute, it is an academically independent and autonomous body, without affiliation to any university; and as per the institute, its programmes do not fall under the purview of AIU, AICTE, UGC and similar government-established regulatory bodies.<ref>{{cite news | last=Dhaundiyal-Panthry | first=Pallavee | title=IIPM Steals a march in management education|url=http://timesofindia.indiatimes.com/articleshow/774961.cms|work=The Times of India |location=India | date=12 July 2004|accessdate=6 June 2008}}</ref> <!-- The Government of National Capital Territory of Delhi, India, officially lists IIPM as one of the management institutes operating out of Delhi. --> Nevertheless, UGC and AICTE declared IIPM to be a fake university not permitted to confer MBA and BBA degrees; IIPM filed a lawsuit in response.<ref>{{cite web|url=http://www.india-server.com/news/iipm-moves-high-court-against-the-aicte-2367.html |title=IIPM Declared Fake Institute by AICTE – IIPM Moves High Court Against The AICTE |publisher=India-server.com |accessdate=11 August 2010}}</ref> In June 2008, UGC and IIPM reached an agreement in the Delhi High Court, with UGC agreeing to remove IIPM's name from the fake universities list, and IIPM agreeing to clarify that it offers only "certificate courses".<ref name="expressindia.com">{{cite web|author=Express News Service|url=http://www.expressindia.com/latest-news/iipm-will-be-deleted-from-fake-varsity-list-ugc-tells-hc/328522/ |title=IIPM will be deleted from fake varsity list, UGC tells HC |publisher=Express India|date=28 June 2008|accessdate=11 August 2010}}</ref><ref>{{cite web|url=http://www.zeenews.com/news451629.html |title=Remove IIPM's name from fake university list, HC tells UGC|publisher=Zeenews.com |date=27 June 2008 |accessdate=11 August 2010}}</ref> The Uttarakhand University Registrar in February 2010 said that IIPM was running MBA and BBA without UGC and AICTE affiliations and IIPM's continuing operation would be detrimental to other institutions which operate with affiliations.<ref name="Tribune NSUI IIPM">{{cite web|url=http://www.tribuneindia.com/2010/20100303/dplus.htm#8 |title=The Tribune, Chandigarh, India – Dehradun Plus|work=The Tribune|location=India |accessdate=11 August 2010}}</ref> | |||
| In July 2010, UGC issued a notice to IIPM, after the Andhra Pradesh State Council of Higher Education questioned IIPM on the authenticity of its Hyderabad courses. UGC Chairman Ved Prakash commented that IIPM was advertising its programmes using the names of UGC, HRD Ministry and AICTE and that "it is indulging in cheating.” IIPM Group President for Corporate Affairs Amit Saxena said the institute wasn’t a university, was not empowered to award degrees on its own, and was doing neither.. IIPM is the "on-site academic partner of ] which grants its degrees to IIPM students." Saxena also said that IIPM had made representations to UGC and Andhra Pradesh State Council of Higher Education to "clarify the stand," and that the subject was "sub judice at the Delhi high court." The registrar of ], a ] recognized university,<ref name="UGC listed"/> confirmed that IIPM was authorized to offer ]'s MBA/BBA programmes in all of IIPM's 18 centres.<ref name="Mint article">{{cite web|url=http://www.livemint.com/2010/08/25212836/IIPM-not-recognized-bythegov.html?atype=tp|title=IIPM not recognized by govt|accessdate=26 August 2010|publisher=LiveMint|year=August 2010}}</ref> Students of Indian School of Business and Economics (ISBE), run by IIPM, were informed by ] that theirs is a distance-learning degree arrangement.<ref name="IE-MSU-distance-education">{{cite news| title=IIPM: Now Mumbai students demand refund, MNS joins in|url=http://www.indianexpress.com/news/iipm-now-mumbai-students-demand-refund-mns-joins-in/755077/0}}</ref> | |||
| ==Academics== | |||
| ===Offered programmes=== | |||
| According to the institute, it offers programs under two streams: | |||
| * International programs | |||
| * Programs under the School of Business and Economy | |||
| According to the institute, its programs, under the above mentioned two streams, are as follows – | |||
| * A 2-year full time Postgraduate Programme in Planning and entrepreneurship | |||
| * A 3-year full-time Undergraduate Programme in Planning and entrepreneurship | |||
| * A 1-year full time Postgraduate Programme in Planning and entrepreneurship (for working executives with at least two years of past work experience) | |||
| * Fellowship programme, open for post-graduates.<ref>{{cite web | title=IIPM programmes|url=http://iipm.edu/iipm-download-details.html#decide |accessdate=25 December 2009}}</ref> | |||
| ===Certification=== | |||
| Under the first three streams mentioned above, the institute offers certificate courses aimed at making students eligible for degree courses. | |||
| ===Courses=== | |||
| The IIPM course spans 22 months and includes 1944 hours of teaching.<ref name="DNA 2011 survey">, June 9, 2011, DNA Special Report</ref> The postgraduate program has 1920 contact hours. The institute tries to give its students a "hands on" approach to learning, by giving them the exposure of working on live consulting assignments in major firms.<ref name="liveprojects">{{Cite news | last = Mehra | first = Preeti | authorlink = |last2 = | first2 = | authorlink2 = | title = Catering to the Indian Manager | newspaper=The Hindu | date = 15 September 2003 |url = http://www.thehindubusinessline.com/life/2003/09/15/stories/2003091500100200.htm}}</ref> | |||
| In the first year, core subjects such as marketing, accounting, finance, economics and organizational behavior are covered. In the second year, the marketing and IT papers are compulsory, and students pick a major in human resource or finance. the institute also offers other courses that take an unconventional look at the disciplines of business management.<ref name="welfaremasses">{{cite news| title=Managers for welfare of masses|url=http://www.deccanherald.com/deccanherald/feb122004/edu11.asp|archiveurl=http://web.archive.org/web/20050306164654/http://www.deccanherald.com/deccanherald/feb122004/edu11.asp|archivedate=6 March 2005| date=12 February 2004 |work=Deccan Herald |location=India}}</ref> The course addresses concepts of national economic planning along with entrepreneurship. There’s an additional focus on developing Executive Communication, which is a four-credit course per trimester and spans throughout the programme in every trimester.<ref name="DNA 2011 survey"/> | |||
| ===Global Outreach Programme=== | |||
| Under the Global Outreach Programme, IIPM invites foreign faculty members from business schools across the world to come to its campuses in India and teach its students.<ref>, Correspondent, June 2011, Delhi</ref> | |||
| ===GOTA programme=== | |||
| All students of the institute are sent on a 21-day compulsory trip to European countries to study under its Global Opportunities and Threat Analysis (GOTA) programme.<ref>{{cite news | title=Education Plus Karnataka|url=http://www.hindu.com/thehindu/edu/2007/01/08/stories/2007010800340200.htm | date=8 January 2007 |work=The Hindu |location=Chennai, India}}</ref> The programme arranges visits of the institute's students to multinational firms and political organizations.<ref name="timesofindia.indiatimes.com">{{cite news | title=IIPM makes business education truly global|url=http://timesofindia.indiatimes.com/articleshow/msid-3231633,prtpage-1.cms |work=Times of India |location=India|date=14 July 2008}}</ref><ref name="liveprojects" /> From 2008, students have also started going to the African and Australian continents under the GOTA programme.<ref></ref><ref></ref> | |||
| ===Relationships with other educational institutions=== | |||
| In 2008, professors from ], Singapore conducted a seven week course at the institute on investment ianking for the top hundred students from IIPM leading to a joint certification in investment banking.<ref name="timesofindia.indiatimes.com"/> In the same year, IIPM launched a global executive management programme with 80 seats every session and two sessions every year. The management programme had Chicago GSB and The Haas School of Business associated with it.<ref name="Deccan 2008">, August 2008</ref> | |||
| As of 2009, NUS was conducting Global Success Management Workshops for batches of IIPM students in Singapore “on specific business related topics.”<ref>, page 4, 2009</ref> In 2009, 2010, 2011 and 2012, ] has sent students to the institute for a four week course on an overview of Indian culture and economy.<ref> retrieved on 14 Feb 2010</ref><ref name="NTU2">, Nanyang Technological University</ref><ref> additional details</ref> In 2006, IIPM collaborated with ]'s Centre for Professional Development organised a strategy workshop in New Delhi.<ref>{{cite news|url=http://www.tribuneindia.com/2006/20061110/delhi.htm#7|title=Stanford varsity ties up with IIPM to conduct workshops |last=Tribune News Service|date=9 November 2006|publisher=Tribune India|accessdate=9 January 2010}}</ref> The Mercator School of Management, Duisburg-Essen University, has a formal partnership with IIPM for exchanging students and faculty, and conducting joint research.<ref name="Mercator IIPM1"> Page 8 of 16, retrieved on 14 Feb 2010</ref><ref name="Mercator IIPM2"> page 13, retrieved on 14 Feb 2010</ref> The Ecole Supérieure du Commerce Extérieur lists IIPM as a partner institution, which enables their students to study their curriculum at IIPM.<ref> retrieved on 14 Feb 2010</ref> | |||
| As of January 2012, according to IIPM, it has the following current global partners. NYU Stern (for International Residency), Imperial College (participating B-school), Haas School of Business (Strategic Marketing Programme), McCombs School of Business (Affiliate B-school), Cornell University ILR School (Participating school for GOTA),<ref>, event details, retrieved on January 18, 2012</ref> National University of Singapore (Wealth management programme) and Nanyang Technological University. Judge School of Business (Cambridge University), Darden School of Business (University of Virginia) and SDA Bocconi School of Management are mentioned as past partner institutions.<ref name="IIPM Global Partners">, retrieved on January 18, 2012</ref> | |||
| ==Research and publications== | |||
| IIPM's research and publications come under the a body known as the IIPM Think Tank;<ref name="Think Tank about us"> About Us, retrieved on 14 February 2010</ref> according to the institute, it is "an independent, India-centric research body" which has a presence in New Delhi, Mumbai, Chennai, Pune, Banglore, Hyderabad and Ahemdabad. The IIPM Think Tank archives cases in the areas of marketing, human resources, finance, strategy and information technology, and reports related to the sectors of steel, glass, banking, prophylactic, auto, hospitality, and energy.<ref name="Think Tank about us"/> Italso publishes several journals: | |||
| *''Need The Dough'': a finance journal | |||
| *''The Human Factor'': a human resources journal | |||
| *''Strategic Innovators'': a strategic management journal | |||
| *''The India Economy Review'': a quarterly economics journal<ref name="Pioneer story"/><ref name="IIPM publications"> retrieved on 14 February 2010</ref> | |||
| ==Ranking== | |||
| The institute states that "Rankings don't matter" and it has "strong reservations on the methodology applied by most of the magazines to rank b-schools."<ref></ref> | |||
| ===2008-2009=== | |||
| The 2008 Zee Business Best B-School Survey ranked IIPM 7th overall, 1st in Global exposure, 15th in Infrastructural facilities, 9th in Course content, and 9th in Placements.<ref>{{Dead link|date=August 2010}}</ref> The 2009 Zee Business Best B-School Survey ranked IIPM 5th overall.<ref>{{cite web|url=http://www.zeenews.com/news579061.html|title=Zee Biz best B-School survey results: IIM-A at top, IIPM moves up |publisher=Zeenews.com |date=16 November 2009 |accessdate=11 August 2010}}</ref> In November 2009, IIPM's Delhi branch was ranked 9th amongst India's top ten private schools by the ''Hindustan Times'' <ref name="HT rank">http://www.hindustantimes.com/hthorizons/HTHorizonsSectionPage-OtherStories/It-s-business-as-usual/SP-Article1-472238.aspx It's business as usual, Hindustan Times, 3 November 2009</ref> The India Today group's Mail Today 2009 ranking of institutes offering full time, two year management programme in Delhi/ NCR gave IIPM's Delhi branch the top rank in "quality of faculty", "placement of the past three batches" and "the global exposure offered during the programme".<ref>{{cite web|last=Sharma |first=Swati|url=http://epaper.mailtoday.in/showstory.aspx?queryed=12&querypage=1&boxid=212946781&parentid=27242&eddate=Sep%20%201%202009%2012:00AM&issuedate=192009|title=printarticle|publisher=Epaper.mailtoday.in|date=1 September 2009 |accessdate=11 August 2010}}</ref> | |||
| ===2010=== | |||
| Mail Today's August 2010 B-School survey ranked IIPM #1 amongst 25 top-of-the-mind institutions. IIPM was also ranked #1 top performer apart from being ranked amongst the top ten b-schools in the Delhi-NCR region. Additionally, IIPM received the rank of #1 in International exposure, #1 in Intellectual capital, #4 in Course curriculum, #1 in Global Exposure, #2 in Student development, #3 in Faculty, #2 in Placements, #5 in Infrastructure, #4 in Industry interaction, #2 in Potential to network and #6 in Salary.<ref name="Mail Today 2010">{{cite web|url=http://epaper.mailtoday.in/showstory.aspx?queryed=11&querypage=1&boxid=222223218&parentid=40800&eddate=Aug%2017%202010%2012:00AM&issuedate=NaNundefinedundefined|title=B-SCHOOL TOPPERS|accessdate=30 August 2010|publisher=India today Group|date=17 August 2010|author=Neha Tara Mehta|work=News Article|format=Text/HTML}}</ref> <!-- <ref name=“Mail Today alt links”></ref><ref></ref><ref></ref><ref></ref><ref> </ref><ref></ref><ref></ref><ref></ref><ref></ref><ref> </ref><ref> 2011 Best B-School Survey]</ref> --> In February 2010, IIPM was awarded for its "innovative teaching methodology" in the 2010 DNA & Stars of the Industry group’s Innovative B-School Awards.<ref name="DNA Feb 2010">{{cite web|url=http://www.dnaindia.com/mumbai/report_dna-b-school-awards-for-premier-institutes_1347121|title=DNA b-school awards for premier institutes|accessdate=30 August 2010|publisher=2010 Diligent Media Corporation Ltd|year=13 Feb 2010|author=DNA Correspondent|work=News Article|format=Text/HTML}}</ref> | |||
| ===2011=== | |||
| In 2011, IIPM was ranked the 5th best business school in India in the Zee Best Business School survey results.<ref name="Zee 2011"/> In the same survey, it was additionally ranked #1 in India in terms of Global Exposure, #1 on Intellectual Impact, #5 in terms of Course Contents, #3 on Industry Interface, #5 on Overall Placements and #16 on Infrastructural Facilities. IIPM was ranked the 2011 Best B-school in Asia overall among B-schools from 29 countries at the second Asia’s Best B-School awards held in Singapore. It was the second Indian B-School to win this award.<ref name="HT 2011"/> In DNA’s 2011 National B-School Survey, IIPM was ranked 8th Best B-school in India. In the same survey, IIPM was ranked #1 in International Exposure, #11 in Curriculum, #9 in Intellectual Impact, #6 in Image of the institute, #11 in Placements, #6 in Industry Interaction, #8 in Infrastructure and #12 in Potential to Network.<ref name="DNA 2011 survey"/> In the 2011 B-School Survey of Mail Today, IIPM got the #1 rank overall amongst all B-schools surveyed.<ref name="Mail Today 2011">, September 2011, India Today Group</ref> | |||
| ==Job placement== | |||
| According to the institute, only 70 percent of its students opt for the placement process, and that almost all of these 70 percent students get jobs through it.<ref name="iipm.edu"/> In 2005, IIPM Delhi and Mumbai's average placement salary was Rs.380,000 for domestic placements and $30,000 for international placements.<ref name="BT link">{{cite web|url=http://archives.digitaltoday.in/businesstoday/20050619/cover8.html|title=BT Best B-Schools, Fact File|accessdate=30 August 2010|publisher=Business Today|date=19 June 2005|author=Not mentioned|work=Survey|format=Text/HTML}}</ref> ICICI was the biggest recruiter and IBM was the "Star recruiter".<ref name="BT link"/> It has been reported that the Indian Institute of Planning and Management invites companies to the campus, but also offers placements at its sister concern, Planman Consulting.".<ref>{{cite web|url=http://www.business-standard.com/india/storypage.php?autono=344005 |title=Institutes with corporate backing place students in-house |publisher=Business-standard.com |date=23 December 2008 |accessdate=11 August 2010}}</ref> In 2007, according to IIPM's placement office, its students got placed in over 200 companies.<ref>{{cite news|url=http://www.hindu.com/edu/2007/03/19/stories/2007031900470100.htm |title=Education Plus Bangalore : When students are in demand |work=The Hindu |date=19 March 2007 |accessdate=11 August 2010 |location=Chennai, India}}</ref> | |||
| Since 2006, IIPM claims a 100% consistent placement record.<ref name="DNA 2010">, June 22, 2010, DNA correspondent</ref> | |||
| In 2007, it was reported that IIPM and other b-school graduates received "fabulous offers from top notch firms."<ref name="Hindu 2007 link">{{cite news|url=http://www.hindu.com/edu/2007/03/19/stories/2007031900470100.htm|title=Where students are in demand|accessdate=30 August 2010|publisher=Copyright 2007, The Hindu|date=19 March 2007|author=CHITRA V. RAMANI & SHARATH S. SRIVATSA|work=News|format=Text/HTML|location=Chennai, India}}</ref> According to IIPM, in 2007, "over 200 companies listed under Fortune 500, multi-national corporations and start-ups recruited students."<ref name="Hindu 2007 link"/> In 2008, IIPM placed 2,670 students through campus placements, including 165 international placements.<ref name="timesofindia.indiatimes.com"/> | |||
| IIPM has seven international placement offices.<ref name="welfaremasses"/><ref name="IIPM 100 percent placements">{{cite web|url=http://www.hinduonnet.com/2005/03/19/stories/2005031908880400.htm |title=The Hindu : New Delhi News : Briefly|publisher=Hinduonnet.com |date=19 March 2005 |accessdate=11 August 2010}}</ref><ref>{{cite web|url=http://www.tribuneindia.com/2003/20030508/ncr2.htm |title=The Tribune, Chandigarh, India – NCR stories|work=The Tribune|location=India |date=8 May 2003 |accessdate=11 August 2010}}</ref> | |||
| In June 2009, ''Mail Today'', an India Today group publication reported that the institute got jobs for 2,300 out of 4,000 students with 750 companies participating, and 46 international placements, with the results of 100 campus interviews still being awaited. The average annual pay package was INR 420,000, which was reported to be a good figure given the recession.<ref></ref> According to the institute, financial service companies and small and medium enterprises participated in placements in 2009.<ref name="B-schools expect higher rate of campus placements this yr">http://timesofindia.indiatimes.com/city/chennai/B-schools-expect-higher-rate-of-campus-placements-this-yr-/articleshow/5450317.cmsTimes of India, 16 January 2010</ref> | |||
| In June 2010, it was reported that more than 10,000 IIPM students have been placed in the last five years in more than 1,500 companies; with more than 250 students getting international placements in the last three years, a new benchmark. IIPM Delhi got the highest number of global placements in India for 2008 (165 students placed globally) and 2009 (55 students). Overall, the highest annual package received by an IIPM student was Rs.20 lakhs with the average being Rs.4.63 lakhs. As per IIPM, in 2009, HSBC, HDFC Bank, Barclays, India Bulls, Fidelity, ICICI, Goldman Sachs, India Infoline, Standard Chartered, KPMG, Ernst & Young, Colgate-Palmolive, UB Group, and Zee Enterprises also participated in IIPM placements.<ref name="DNA 2010"/><ref name="Hindu Plmt Link">{{cite news|url=http://www.hindu.com/edu/2010/06/14/stories/2010061450620200.htm|title=Placements: IIPM sets new benchmark|accessdate=26 August 2010|publisher=Copyright 2010, The Hindu|year=June 2010|work=News|format=Text/HTML|location=Chennai, India|date=14 June 2010}}</ref> The August 2010 Mail Today commissioned perception survey noted that biodatas mentioning IIPM will be "be kept on top of the pile" by HR managers.<ref name="Mail Today 2010"/> | |||
| In 2011, 2400 students were placed by IIPM. According to the institute, the average annual salary was INR 520,000 and the maximum in international placements was INR 2,750,000.<ref>, Hindustan Times, September 20, 2011</ref> | |||
| ==Controversies== | |||
| {{POV-section|date=April 2010}} | |||
| {{Main|Indian Institute of Planning and Management advertising and blogging controversy}} | |||
| ===JAM magazine=== | |||
| In its June 2005 issue, JAM (a fun and satire magazine)<ref>{{cite web|url=http://www.jammag.com/disclaimer.htm |title=JAM Venture Publishing Pvt Ltd |publisher=Jammag.com |accessdate=11 August 2010}}</ref>{{Dead link|date=June 2011}} carried an article by Arjun Ravi<ref>{{cite book|url=http://books.google.co.in/books?id=u4anImQkPRYC&pg=PT46&lpg=PT46&dq=%22Arjun+Ravi%22+JAM&source=bl&ots=C3SFI9mLLQ&sig=vh5v1J_m0JOdXBL5whr9TMldEdo&hl=en&ei=BBQmS9foDpCgkQWY09WnAw&sa=X&oi=book_result&ct=result&resnum=8&ved=0CBYQ6AEwBzgK|title=Beginner's Guide to Journalism – Google Books |publisher=Books.google.co.in |accessdate=11 August 2010}}</ref> (named''IIPM: Tall Claims'') where he claimed that IIPM's advertisements were misleading. Arjun Ravi also stated that IIPM uses rankings from 2003. ''The article was removed subsequently by a court judgment against JAM.''<ref name="jam">{{cite news | title=IIPM: Tall claims |url=http://www.jammag.com/careers/n/showart.php?art_id=149}}</ref> | |||
| ], the editor of the JAM magazine, published similar content in her blog, and this story was picked by other bloggers such as Gaurav Sabnis.<ref name="Roy">{{cite book | author=Barun Roy | title=Beginner's Guide to Journalism | page=46 | url =http://books.google.com.sg/books?id=u4anImQkPRYC&pg=PA46&dq=iipm | publisher=Pustak Mahal |year=2004|isbn=978-81-223-0684-2}}</ref> IIPM sent a legal notice to Sabnis, eventually resulting in Sabnis being forced to resign from his job.<ref>{{cite news | title=Let your blog speak for you | url=http://www.hindu.com/edu/2005/10/31/stories/2005103100610200.htm |date=31 October 2005 |work=The Hindu|accessdate=20 June 2008 | location=Chennai, India}}</ref> Business World India magazine, of which Rashmi Bansal is a contributing editor,<ref></ref> in its October 2005 issue, covered the issue. The magazine reported that facilities including the swimming pool, 300-seater auditorium, seven amphitheatre classrooms, and mini golf course were restricted to IIPM's Delhi campus only. IIPM, in response to these findings, stated, "We have only one campus. The rest are branches." The magazine also reported that the average age of IIPM faculty is 27 years, and the international faculty mentioned in IIPM's advertisements only gave one-time lecture to the students. Both Arjun Ravi at JAM and Businessworld stated that the institute did not provide them with detailed statistics on student placement.<ref name="chickens"/> | |||
| IIPM issued a statement countering the allegations raised by the magazines. IIPM said that these allegations were a result of ] that ] alumni (like Rashmi Bansal and Gaurav Sabnis) suffered due to IIPM (referring to IIPM's 'Dare to think beyond the IIMs' positioning statement), and that the articles were shallow lies, and an attempt to spread baseless rumours.<ref name="IIPM response"></ref> | |||
| ====Court ruling==== | |||
| In August 2010, JAM reported that "in furtherance of the order dated 1 June 2010 by the Hon civil Judge no 1 at Cachat, Silchar...," JAM was "temporarily removing the link to the article."<ref name="jam"/> | |||
| ===''Outlook'', ''Careers 360''=== | |||
| ''Outlook'' (a news magazine) and ''Careers 360'' (a student/career magazine), both published by Maheshwar Peri, have reported on the Institute, with IIPM successfully suing Peri, Outlook and Careers 360 on defamation charges. | |||
| ====Background==== | |||
| A ranking of business schools released by ] in 2003 ranked the institute 4th on Industry Interface, 7th on Industry Interface and 8th on Extra Curricular Activities.<ref name="outlook 2003 ranking">{{Cite news |title = Indices|newspaper=Outlook India | date = 15 September 2003 | url = http://www.outlookindia.com/article.aspx?221401 |accessdate = 26 December 2009}}</ref> But the magazine later in 2005 issued a notice withdrawing the rankings saying the institute misguides students through unethical practises and does not disclose facts truthfully.<ref name="outlook-rank">{{Cite news | title = Withdrawal Of Rankings |newspaper=Outlook India | date = 18 July 2005 | url = http://www.outlookindia.com/article.aspx?227974 |accessdate = 1 December 2009}}</ref> According to Arindam Chaudhuri, Honorary Dean of IIPM, this was done after Arindam pointed out ''Outlook's'' usage of perception qualitative rankings to influence b-school ranks. Post this, according to Arindam, IIPM responded with legal action against Outlook.<ref name="Arindam article"/><ref name="Arindam's article page 2"> Sunday Indian, retrieved on 14 February 2010</ref> | |||
| In 2009, as per Mahesh Sarma in a ''Careers 360'' article, ], University of Cambridge, ], ] and ] hosted IIPM's non-credit Executive Education program participants and conducted sessions for them.<ref name="Careers360 story about IIPM"/> Mahesh Sarma wrote that a representative from McCombs School of Business wrote that they were not aware of a relationship between IIPM and them and that IIPM may have “a relationship with another college at University of Texas-Austin.” A representative from Judge Business School confirmed to Mahesh Sarma that they were delivering a “five day non-degree executive education programme” to IIPM students in Cambridge University. The representative mentioned that “there are no university qualifications awarded from Cambridge University or Judge Business School. The only certificate is a certificate of attendance which is what we provide to participants on all our programmes.” As per Sarma, Darden Business School, University of Virginia wrote to them confirming that “along with Cambridge (Judge) and UC Berkeley (Haas),” University of Virginia's Darden School of Business was providing a series of week-long Executive Education non-credit programs for IIPM. Darden also mentioned that with IIPM it had no tie up or partnership agreement. Haas Business School confirmed the existence of a contract with IIPM; they also confirmed that IIPM “may represent itself as a business school 'participating' with the Haas School of Business,” and that Haas faculty will teach courses in the IIPM program.<ref name="Careers360 story about IIPM"/> | |||
| It was also reported by Mahesh Sarma that a representative for the University of Buckingham had clarified that although they are in talks with IIPM, there is no formal agreement yet; and that until IIPM's program are formally accredited by the QAA, IIPM does not have consent to mention the University of Buckingham in its advertisements.<ref name="Careers360-2">{{cite news| last=Sharma |first=Mahesh | title=IIPM makes another claim – Over to you Mr.Sibal|url=http://www.careers360.com/news_3069-IIPM-makes-another-claim-Over-to-you-Mr-Sibal}}</ref> Mahesh Sarma also reported in Careers 360 that after they published their article, IIPM removed the name of University of Buckingham from their advertisements.<ref name="Careers360 story about IMI"/> As per Mahesh B Sarma in Careers 360, NVAO, the accreditation organization for Netherlands and Flanders,<ref> retrieved on 14 Feb 2010</ref> has clarified that IMI "is not a recognised higher education institution in the Dutch or French speaking part of Belgium" and cannot award recognised degrees.<ref name="Careers360 story about IIPM">{{cite news | author=Sarma, B Mahesh | title=IIPM – Best only in claims?|url=http://www.careers360.in/lead-story/iipm---best-only-in-claims.html | publisher=Careers360 |date=June 2009}}</ref><ref name="Careers360 story about IMI">{{cite news | author=Team Careers360 | title= IIPM's offering of MBA/ BBA degrees is illegal and students using the titles can be prosecuted|url=http://www.careers360.com/news_3832-IIPM-s-offering-of-MBA-BBA-degrees-is-illegal-and-students-using-the-titles-can-be-prosecuted|publisher=Careers360|date=February 2010}}</ref> According to Careers 360, the Uttarakhand government appointed Registrar of the Uttarakhand Technical University to conduct an inquiry, who has recommended banning IIPM.<ref name="Careers360 Dehradun">{{cite web|url=http://www.careers360.com/news/3957-IIPM-Uttarakhand-Registrar-recommends-a-ban |title=Think higher education! IIPM: Uttarakhand Registrar recommends a ban |publisher=Careers360 |accessdate=11 August 2010}}</ref> | |||
| In 2009, B. Mahesh Sarma of ''Careers 360'' also reported that for the class of 2008, three companies – Standard Chartered, Barclays and Deutsche Bank – which are mentioned in IIPM advertisements as participants in campus placement, said that although they might have a few freshers of the institute working for them, they have never participated in the institute's campus recruitment process.<ref name="Careers360 story about IIPM"/> ] reported in April 2010, "We found out that not only have they taken IIPM students, most of them have been taking the IIPM students very regularly over many years."<ref name="Pioneer story"/> As of June 2010, both Standard Chartered and Barclays were offering jobs to IIPM students.<ref name="Pioneer4">{{cite web|url=http://www.dailypioneer.com/259752/IIPM-takes-India-Inc-by-storm.html|title=IIPM takes India Inc by storm|accessdate=30 August 2010|publisher=CMYK Printech Ltd|date=2 June 1010|author=News|work=News|format=Text/HTML}}</ref> In the ''Careers 360'' article, Sarma profiled a sample of jobs that IIPM said students get abroad in places like the gulf countries; Sarma requests the reader to make his/her own judgement on the international jobs offered.<ref name="Careers360 story about IIPM"/> | |||
| ====Court judgments==== | |||
| In 2009, IIPM filed a criminal defamation charge against ''Careers 360''.<ref name="Pioneer2">{{cite web|url=http://www.dailypioneer.com/254540/Careers-360-faces-defamation-charge.html|title=Careers 360 faces defamation charge|accessdate=30 August 2010|publisher=CMYK Printech Ltd. All Rights Reserved|date=9 May 2010|author=Pioneer News Service|work=News Article|format=Text/HTML}}</ref> According to Arindam Chaudhuri, Honorary Dean of IIPM, the courts in February 2010 had admitted IIPM's defamation cases against ''Outlook'' and ''Careers 360''.<ref name="Arindam article">" Sunday Indian website retrieved on 14 February 2010</ref> In May 2010, the court upheld that the contents of the Careers 360 article were "prima facie defamatory" and issued ''bailable warrants'' against Maheshwar Peri, publisher of ''Careers 360'' and ''Outlook'', and Mahesh B Sarma, editor of ''Careers 360''.<ref name="Pioneer2"/> In September 2011, the Delhi High Court dismissed a petition filed by Outlook Publishing Private Limited and Maheshwar Peri, publisher of ''Outlook'' and ''Careers 360'', and "upheld the order passed by the metropolitan magistrate" with respect to a criminal complaint filed by IIPM's sister concern, Planman Consulting India Pvt Ltd. The Delhi High Court held Outlook Publishing Private Ltd, publisher Maheshwar Peri, ''Outlook'' editor Vinod Mehta<ref>, November 21, 2011, Outlook India</ref><ref>, March 14, 2011, Outlook India</ref> and other petitioners (except the directors of ''Outlook'') "prima facie liable for publishing derogatory and defamatory article."<ref name="Peri liable">, September 24, 2011, staff reporter, </ref> Both Maheshwar Peri and Vinod Mehta resigned from ''Outlook'' in early 2012.<ref>, Agency FAQ, January 12, 2012</ref><ref>, CNBC, February 1, 2012</ref> | |||
| ===Trade practices=== | |||
| In May 2007, The Monopolies and Restrictive Trade Practices Commission (MRTPC), an anti-monopoly watchdog,<ref>{{cite web|url=http://www.financialexpress.com/news/mrtpc-to-close-down-in-2-yrs/509141/ |title=MRTPC to close down in 2 yrs|work=The Financial Express |date=31 August 2009 |accessdate=11 August 2010}}</ref> initiated a probe into IIPM's advertisements. They stated that they suspected that IIPM recovers the cost of GOTA tours and laptops (both advertised as free for the students) from students later on.<ref></ref><ref>{{cite news | title=MRTPC directs DGIR to probe IIPM claims in ads|url=http://economictimes.indiatimes.com/News/News_By_Industry/Services/MRTPC_directs_DGIR_to_probe_IIPM_claims_in_ads/articleshow/2018338.cms|date=8 May 2007|work=The Economic Times |location=India}}</ref><ref>{{cite news | title=MRTPC initiated action against IIPM: Minister|url=http://www.thehindubusinessline.com/2007/08/15/stories/2007081552471000.htm | date=15 August 2007 | publisher=The Hindu Business Line | accessdate=26 December 2009}}</ref> | |||
| In October 2007, MRTPC announced that they would not be processing enquiry against many business schools due to "shortage of staff."<ref>{{cite web|author=Kalpana Pathak / Mumbai 13 October 2007|url=http://www.business-standard.com/india/storypage.php?autono=301182 |title=MRTPC spares B-schools due to staff crunch|publisher=Business-standard.com|date=13 October 2007|accessdate=11 August 2010}}</ref> | |||
| ===Tax issues=== | |||
| In May 2007, ], Minister of State for Finance, answered a question in the Rajya Sabha raised by ], another Rajya Sabha member, "IIPM has not paid income tax during the assessment years 2005–06 and 2006–07, claiming exemption under section 10(23C) (vi) of the Income-tax Act, 1961."<ref name="The Press Trust of India Ltd">{{cite news|url=http://www.accessmylibrary.com/coms2/summary_0286-30774996_ITM|title=IIPM spent 49 cr on ads, paid no taxes: Govt.|date=15-MAY-07|publisher=The Press Trust of India Ltd|accessdate=1 July 2009}}</ref> The Ministry further stated that service tax paid by IIPM in the preceding two years had been nil.<ref>{{cite web |title= Evasion of Income Tax by Educational Institutions|url=http://pib.nic.in/release/release.asp?relid=27920 |publisher=Press Information Bureau, Government of India|date=15 May 2007}}</ref><ref>{{cite news | title=Revenue officials cracking down on service tax evaders|url=http://www.hindu.com/2005/12/07/stories/2005120704790400.htm | date=7 December 2005 |work=The Hindu |accessdate=20 June 2008 | location=Chennai, India}}</ref> Under a query raised through the ] on the institute, the Central Board of Direct Taxes had said that the ministry did receive a "tax evasion complaint in respect of wrong claims of exemption under Section 10 (23C) of the Income Tax Act, 1961."<ref>{{Cite news | title = IIPM facing investigation for alleged tax evasion |newspaper=Economic Times | date = 5 April 2009 | url =http://economictimes.indiatimes.com/News-by-Industry/IIPM-facing-tax-evasion-probe/articleshow/4362072.cms| archiveurl =http://www.asianage.com/archive/htmlfiles/India/IIPM%20faces%20probe%20for%20tax%20evasion.html | archivedate = 12 April 2009|accessdate = 6 December 2009}}</ref> | |||
| In April 2009, the Indian government clarified that there were "no pending tax claims against IIPM" and the case had been closed after due enquiry.<ref>{{cite news | title=IIPM gets IT dept clean chit|url=http://www.asianage.com/archive/htmlfiles/India/IIPM%20gets%20IT%20dept%20clean%20chit.html |work=The Asian Age|location=India|date=13 April 2009}}</ref><ref>, article date, 12 April 2009; retrieved on 30 August 2010</ref> | |||
| ==Gallery== | |||
| <gallery> | |||
| Image:IIPM_Hyderabad4.JPG|IIPM Tower, Hyderabad | |||
| Image:IIPM_Ahmedabad_building.JPG‎|IIPM Tower, Ahmedabad | |||
| Image:Iipm_mumbai_night.JPG|IIPM Tower, Mumbai | |||
| </gallery> | |||
| <!-- Dead link: "NYLON": Arindam Chaudhuri's plans to set up institutes in New York and London, from , --> | |||
| <!-- Dead link: "Belgium": Hindustan Times, Mumbai Edition 21 May 2006, Page 17 (business page) --> | |||
| ==References== | |||
| {{Reflist|colwidth=30em}} | |||
| ==External links== | |||
| * | |||
| {{Coord missing|Delhi}} | |||
| {{DEFAULTSORT:Indian Institute Of Planning And Management}} | |||
| ] | |||
| ] | |||
| ] | |||
| ] | |||
Revision as of 06:50, 2 July 2012
