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In a concrete step towards globalization, Indian Institute of Management Calcutta (IIM-C) is getting into global partnership with Confederation of European Management Schools (CEMS), which is an elite club of 28 business schools from world over except USA. The London School of Economics, HEC France, Essade Spain, HKUST Hong Kong and Richard Ivy from Canada are members of CEMS. The deal will be signed in the month of November this year.
Being a CEMS member would mean that select IIM-C students will now get the coveted Masters in Management Program degree, better known worldwide as the MIM degree which has been consistently rated as one of the five best global management degrees. The institute is modifying its two-year flagship programs so that the top 27 students can also get the MIM degree at the time of graduating from IIM-C. Students who enter from the 2013 academic year will be eligible for the new course.
A student will have to put in at least 75 hours of extra classroom contact apart from international projects that he/she will have to do to attain this double degree. This is over and above attending the IIM-C curriculum and exams.
Students would be selected for the program only after their first-year results have been declared. After completing the first term of the second year, selected students will have to attend classes for three months at a CEMS member school abroad, and return to IIM-C for the final term.
The institute will tie up with several foreign companies so that those selected for the CEMS course will complete their summer internship with them and submit the mandatory international project.
IIM-C will be the first Indian B-school to be part of CEMS. It went through a year-long vetting where IIM-C’s curriculum, teaching and examination techniques, achievements of students and placements were considered. The clinching factor for IIM-C was its focus on quantitative courses – those with a hint on operations management and finance, heavily depending on maths and statistics. That apart, IIM-C is the only one in the IIM chain to have a management centre for human values, which won it brownie points.