Happy homecoming via IIM-Ahmedabad

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IIM-A’s post-graduate programme for executives (PGPX) is becoming a channel for reverse brain drain. Indian executives working abroad are willing to come back and see PGPX course as a route to start their career afresh in the country.Hit by the global crisis, the expats feel Indian economy is far more robust and alluring for them and are ready to give up even a decade-long career abroad to settle in India. Close to 25 of the 30 students, who were working abroad and are enrolled for the course, have made up their minds to settle down in India.

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IIM-B’s Singapore plans grounded in B’lore

Guess what happened to the Indian Institute of Management-Bangalore’s (IIM-B) mega plans of setting up a campus in Singapore? The institute’s dream of taking Brand IIM global is firmly grounded in Bangalore. More than two-and-a-half years after a committee was constituted to consider amendments to the Memorandum of Association (MoA), it is yet to submit the report. Inspection of various documents in this regard under the Right to Information Act, shows that the institute hasn’t been able to get the necessary approvals from the HRD Ministry as the MoA of IIM-B society is not suitably amended.

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Real estate crunch forces IIM-B to experiment with off-campus housing

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Faced with the prospect of escalating real estate costs and the lack of adequate finances, the Indian Institute of Management-Bangalore (IIM-B) is experimenting with “off-campus housing” to accommodate additional students from the next academic year. If the experiment works, it may set a precedent for other IIMs.

With its campus in Bannerghatta already brimming, the institute has decided to take 50 apartments (150 rooms) on lease in a nearby residential building called Ajmera Complex. The plan is to lodge students from the one-year full time Executive Post Graduate Programme in Management (EPGP) — to be launched in April 2009 — in the leased apartments.

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IIM Lucknow Students Set-up One Stop Consulting Portal

In another first, three IIM Lucknow students have come together to start a portal dedicated to consulting profession to help students and professionals at the start of their consulting career. The lack of concrete information promoted the three consulting enthusiasts to develop http://www.learn2consult.com. The portal aims to act as a one-stop shop for people who want to know what consulting is all about and want to start their career in it.

“There are portals which are dedicated to finance, but nothing exists for consulting, as the subjectivity and complexity involved is very high. Learn2Consult aims at clearing all myths about consulting, and it provides a platform to help students get oriented towards consulting. Learn2consult has been designed keeping in mind final and pre-final year under-graduation students, MBA students, and people in very nascent stage of their consulting careers. We aim to make people indulge in collaborative learning by contributing their opinions and suggestions through case discussions and submissions of relevant articles,” said Karan Ahuja (IIM-L 2007-09), one of the founders of the portal.

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Existing IIMs to be mentors to new ones

Fearing dilution of brand IIM if the proposed Indian Institutes of Management do not attain the same degree of excellence as the existing ones, the HRD Ministry appointed committee has recommended that the seven IIMs should be actively involved in the establishment and management of the six new IIMs.

“If these (new) IIMs are not able to maintain the standards of the other IIMs, not only will this dilute the brand image of all IIMs, but will also result in a huge waste of public money. For this reason, it will be definitely desirable that each new IIM is managed by one of the existing IIMs,” the five-member committee headed by R C Bhargava has stated in a report submitted to Union HRD Minister Arjun Singh.

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B-School fests may win you a top job

Deon Fernandes, a student of the Narsee Monjee Institute of Management Studies, Mumbai, won the third prize in Arthnomics, IIM-Kozhikode’s annual finance seminar. Mr Fernandes won a cash prize of Rs 10,000 and a job offer from Deutsche Bank, which had sponsored the event.

He’s got company. Reckitt-Benkisser and Ernst & Young are among the companies that are increasingly cashing in on the pre-placement interview (PPI) window and awarding jobs, as against cash alone, for winning a contest.

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Review panel wants higher salaries for IIM faculty

A high-level committee that reviewed performance of the premier Indian Institutes of Management (IIMs) has called for increasing
salaries and incentives for faculty members and hiring on contract basis to counter shortage of teachers, especially in the functional disciplines.

“Ideally, board of governors should determine the remuneration of the IIM staff taking into consideration market conditions to attract, retain high quality talent and provide motivation for performance,” the IIM review committee, headed by Maruti Suzuki India Limited chairman R C Bhargava, said in its report submitted to the Union HRD ministry on Friday.

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