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BANGALORE: One of the best-kept secrets about the Common Admission Test (CAT) could soon be out. A RTI battle is now on between the Indian Institutes of Management (IIMs)and their famous alumnus over lifting the veil of secrecy on CAT solutions. Gautam Puri, an IIM-B alumnus and MD of Career Launcher, filed an application under the RTI Act seeking solutions to all questions of English section of CAT 2006 after being convinced that some answer keys published by IIMs were incorrect. CAT group, comprising chairpersons of all IIMs, refused to part with the information stating that all CAT-related documents, except question paper and answer keys are destroyed for security reasons. Following an appeal, the Central Information Commission (CIC), in the interest of transparency, directed IIMs to “provide a copy of guidelines, rules, regulations, bye-laws etc., for destroying the papers like minutes of discussion between the experts, consensus of experts” by August 10. Three months on, IIMs haven’t complied with the CIC orders.Puri, whose institute closely scrutinises the CAT papers every year, argues that though there are several instances where answer keys have been wrong but there is no provision to challenge them. “I have personally found cases where answer keys to subjective questions are incorrect, but IIMs refuse to give out the solutions,” he said. Puri said that if the “IIMs say that a particular option is the correct answer, they also ought to say why other options are incorrect”. “There are instances where the whole CAT coaching industry, if I may use that word, is on one side and the IIMs are on the other side over answer keys,” Puri told to this website’s newspaper. Following CIC’s orders, Subhashish Gupta, chairperson (admission), IIM-B declared in an affidavit on August 7: “It has been the standard practice to destroy any written material after the composition of the CAT for security reasons. No rough work or solutions of test items are retained. Only a computer file of the test and the answer key is retained. As far as I am aware and to the best of my knowledge this has been the standard practice ever since CAT has been administered. I have not been able to find any written record of this practice.” Puri now plans to move the CIC to direct IIMs to start maintaining the documents relating to CAT solutions. Under section 19(8)(a) of the RTI, the CIC has powers to direct a public authority to take steps to make “necessary changes to its practices in relation to the maintenance, management and destruction of records.”

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Source: http://www.expressbuzz.com/edition/story.aspx?Title=What+do+IIMs+do+with+CAT+solutions?&artid=e1fyMQaCsPU=&SectionID=Qz/kHVp9tEs=&MainSectionID=wIcBMLGbUJI=&SectionName=UOaHCPTTmuP3XGzZRCAUTQ==&SEO=

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Give your career an international edge at IMT – Dubai which is the first overseas campus of IMT – Ghaziabad, one of India’s Top 10 B-schools. Get the advantages of strong industry interface, inter-cultural awareness and international perspectives along with a globally renowned faculty. Bringing world-class management education within easy reach of students and management professionals seeking global careers has been the key driver behind IMT-Dubai. IMT is strategically located in the heart of the Academic City, Dubai and is also the first Indian business school to be recognized by the Ministry of Higher Education, Government of UAE. Its MBA programme is fully accredited by the Commission of Academic Accreditation, Dubai and has got an excellent track record of placements ever since its inception.

Application Procedure
Apply in the prescribed application form available at IMT (India office). Application forms can also be downloaded from our website www.imtdubai.org or www.imt.edu Application fees to be tendered by way of Demand Draft or Cash Payment of Rs. 1600/-. The Demand Draft should be drawn in favour of “Institute of Management Technology” payable either at Ghaziabad or Delhi.

Eligibility
Bachelor’s degree or equivalent with minimum 50% marks from a recognized university.

Selection Criteria
Eligible candidates will have to appear for Personal Interview.

Contact
India Office
Chairman (Joint Admission Committee) IMT, A-16, Site-3, UPSIDC Industrial Area Meerut Road, Ghaziabad-201003 Tele: +91-120-2705628 Fax: +91-120-2705625
Email: admissions@imt.edu Website: www.imt.edu

Dubai Office
Institute of Management Technology, Dubai Academic City, P.O. Box. 502438, Dubai, U.A.E. Tel: +971-4-3604844 Fax: +971-4-3604838
Email: admissions@imtdubai.org Website: www.imtdubai.org

Last date for submission of application form: Dec 5, 2008

Ghaziabad, Nagpur, CDL, Hyderabad (session starting from 2010)

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Source: http://freeeducationguides.blogspot.com/2008/11/mba-programme-at-imt-dubai-january-2009.html

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CHANDIGARH: The Punjab Government on Wednesday signed an agreement to set up an Indian School of Business (ISB) in the Knowledge City in SAS Nagar (Mohali).

The agreement was signed by Anjali Bhawra, Secretary Higher Education on behalf of the Punjab Government and Rajat Gupta on behalf of ISB along with four Founder Supporters Analjit Singh of Max India Ltd, Rakesh Bharti Mittal of Bharti Enterprises, Sunil K Munjal of Hero Corporate Services Ltd and Atul Punj of Punj Lloyd Ltd. to establish this premier management institute of excellence at Mohali.

Giving details, a spokesperson of the Punjab Government stated that the prestigious Institute will be established under a unique model of Public-Private Partnership (PPP) whereby the State Government would be leasing out 70 acres of land in Knowledge City in Sector 81, Mohali for a period of 99 years at a rate of Re 1/- per acre annually to ISB to establish the second campus of ISB with the support of the four Founder Supporters.

The Founder Supporters, leading corporate houses with strong linkages to Punjab, would be contributing a sum of Rs. 50 crore each i.e. a total of Rs. 200 crore towards the establishment of ISB’s second campus at Mohali.  Besides the Management Institute, the Mohali campus of ISB will also have four specialized institutes termed as Centers of Excellence, for promoting research and offering the following additional specializations in the Post Graduate Programme – Max India Institute of Healthcare Management; Bharti Institute of Public Policy; Hero Institute of Manufacturing Sciences; and Punj Lloyd Institute of Physical Infrastructure Management. These institutes would focus on doing research, developing teaching material and engaging in policy dialogue in their respective areas.

The first Academic Session at the ISB Campus in Mohali is expected to commence in 2012. The Campus proposes to have 280 seats in its Post Graduate Management Programme and 750 seats in its Executive Education Programme.

Speaking on the occasion, Punjab Chief Minister Parkash Singh Badal termed the signing of the Agreement as a “red-letter day” for Punjab and hoped that ISB would be the harbinger of growth of quality higher education in the State. He thanked the ISB management as well the four Founder Supporters who had underscored their strong ties with the State through their investment and commitment in this Project. The proposed educational cluster in the Knowledge City would prove to be a gateway for the youth of this region for accessing quality higher education, said the Chief Minister.

Rajat Gupta, Chairman of Board of Governors of ISB expressed gratitude to the Chief Minister and assured the State Government that the ISB at Mohali would be developed as “flagship institution”. He thanked the 4 Founder Supporters for their generous endowments for the project.

Established by some of the well known industry and academic leaders around the world to meet the growing need for management talent in India and the Asian region, the ISB has emerged in the last decade as a world-class business school. The vision of the ISB is to be an internationally top-ranked, research-driven management institution that grooms leaders for India and the world. The ISB has academic associations with the world’s leading business schools like Kellogg School of Management at Northwestern University and the Wharton School at the University of Pennsylvania. The ISB is supported by some of the best professionals in the world. Its Governing Body consists of heads of some of the Fortune 500 companies. The Executive Board (Board of Directors) comprises of some of India’s most successful entrepreneurs and business leaders. The high quality of ISB’s education is attested by the record-breaking placements which they have been able to achieve within a short span of six years. Its Centre for Executive Education is the largest executive education provider in India and has been attracting senior and top management professionals from India’s leading private and public sector companies. All these factors put together have helped the ISB achieve one more laurel: 20th rank in the World MBA rankings brought out by Financial Times, London. It is the first Indian School to have achieved this distinction and possibly the youngest school in the world to enter this league.

The ISB will offer the same one-year Post-Graduate Programme (PGP) in Management at Mohali with additional specializations in Healthcare Management, Manufacturing Sciences, Public Policy and Physical Infrastructure Management among others. Like Hyderabad, the ISB campus at Mohali will also be a residential programme. The internationally acclaimed ISB faculty will be available for teaching on both campuses and faculty recruiting would also be common. Similarly, student admissions would be common to both campuses, to ensure no dilution in quality. Since it would be vital that the high standards of quality and culture of excellence prevalent at the ISB be retained intact at both the campuses, the ISB leadership team would have complete autonomy in academic decision making regarding the aspects of quality of faculty, quality of students, curriculum design and research agenda at the ISB-M’s functioning.

In addition, all standards and processes would be common in both the campuses of ISB. The ISB campus at Mohali would lead the ISB efforts to establish close linkages with other academic institutions proposed as part of the Knowledge City and those situated elsewhere in Punjab. Given the ISB’s experience in creating a world-class management institution in India and the support and commitment of the four Founder Supporters, the Punjab Government is confident of replicating the success of the Hyderabad campus in the ISB’s campus at Mohali.

Among the prominent who were present on the occasion included Bikram Singh Majithia Information & Public Relations Minister, Prof. JS Bajaj Vice-Chairman Punjab State Planning Board, Mohinder Kaur Josh, Chief Parliamentary Secretary (Education), Harcharan Bains Media Advisor to CM, Ramesh Inder Singh Chief Secretary, Pawan Kant Munjal of Hero Group, Secretary Housing & Urban Development Arun Goel and Dean ISB M. Rammohan Rao.

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Source: http://www.punjabnewsline.com/content/view/13691/93/

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Agreed that IIMs are India’s leading B-schools. The CNBC TV18 ‘A of B Ranking’ declared IIM A as the numero uno B-school in India, and also placed IIM B, IIM C and IIM L high on the league tables. But which are the non-IIMs B-schools that are high on academic excellence and perceptions of MBA community and Recruiters. Here is a report on the non-IIMs B-schools that stand for excellence in management education in India.

Xavier’s Labour Relations Institute, Jampshedpur (XLRI); Management Development Institute, Gurgaon (MDI); Faculty of Management Studies, Delhi (FMS); and Indian School of Business, Hyderabad (ISB) dominate the non-IIMs B-school rankings.

India’s leading business news channel CNBC TV18, along with India’s leading management portal MBAUniverse.com and global research agency TNS, had announced the rankings on November 8, 2008. In a first of its kind research and analysis, the ‘A of B Ranking’ survey looks at three different viewpoints to present the complete 360 degree picture on which are India’s leading B-schools. While rigorous data-driven analysis uses information and data provided directly by IIMs and other 90+ B-schools, perception poll on MBAUniverse.com brings perspectives from the MBA students, aspirants and alumni; and, recruiter’s poll on Jobstreet.com bares the mind of HR community.

According to the analysis of quantitative data on non-IIM B-schools, while MDI Gurgaon is the # 1 B-school outside the IIM pedigree, XLRI Jamshedpur is ranked at # 2. Mumbai based SP Jain Institute is ranked at # 3, and International Management Institute Delhi is pegged at # 4. Sailesh J Mehta School of Management of IIT Bombay makes its presence felt at # 5 slot. Refer table below for list of top 10 non-IIMs B-schools.

The data from IIMs and other 90+ B-schools was analyzed by global research agency TNS to prepare a Quantitative Ranking of India’s Top B-schools.

How does the management community view the top B-schools other than IIMs? Since beliefs and perceptions of management community matter, student’s poll data on India’s Top B-schools was analyzed as well. Over 5,000 stakeholders participated in this poll on MBAUniverse.com. The perception data was also analyzed by TNS. The data analysis offers a lot of interesting trends.

XLRI is ranked as the top B-school, after IIM A, IIM B and IIM C, by management community. FMS Delhi and ISB Hyderabad are ranked at # 2 and # 3 respectively. SP Jain Institute of Management and Research is at # 4 and Delhi based specialized institute Indian Institute of Foreign Trade (IIFT) is raked at # 5. Refer table below for list of top 10 non-IIMs B-schools.

Finally, let us look at what are India’s top Recruiters are thinking. XLRI, ISB and FMS Delhi are the favorite B-schools of recruiters on our survey as they take top 3 slots on the Employer’s Perception ranking. This part of the survey was supported by job portal Jobstreet.com.

Note: For Quantitative Survey, more than 90 leading B-schools including IIM A, IIM B, IIM C, IIM L, IIM I, FMS Delhi, XLRI, MDI, JBIMS, IIT B SJMSOM participated in the survey. Key B-schools that did not participate in the Quantitative Survey are: Department of Management Studies, Pune; Fore School of Management, Delhi; ICFAI Business School, Hyderabad; IIM Kozhikode; Indian School of Business, Hyderabad; Mudra Institute of Communication, Ahmedabad; SCMHRD, Pune and Tata Institute of Social Sciences, Mumbai.

The Quantitative Survey sought detailed inputs from Directors and Deans on three key parameters via a 30+ pages rigorous questionnaire: a) quality of talent admitted to a B-school, b) quality of academic inputs, pedagogical tools and industry exposure during two years MBA programme, and c) Quality of career & placements received by students at the end of the course. Academicians across India’s leading 90 B-schools provided weightage score to these parameters, which were then used for final analysis.

The Perception Poll enable students, aspirants, alumni and recruiters to share their views on Top B-schools, Best B-schools by specialization and many other important parameters.

CNBC TV18 is India’s No.1 business medium and the undisputed leader in business news. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel’s benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond.

TNS is the world’s largest Custom Market Research company. It provides marketing information delivered by Global Industry Sector expert consultants, innovative research expertise, in 80 countries worldwide.

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Source: http://www.mbauniverse.com/aofbschols.php?id=1568

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Joint Management Entrance Test or JMET 2009, the gateway to the prestigious seven Indian Institute of Technology (IIT) B-schools and Indian Institute of Science (IISc) Bangalore’s Department of Management Studies, will be conducted on December 14, 2008.The structure of the exam will undergo changes this year, according to IIT Kanpur. This year this written management entrance exam will be conducted by IIT Kanpur.

According to IIT Kanpur, JMET 2009 will be of 3 hours duration. The test will consist of 120 questions including objective & multiple choice type in Verbal Communication, Logical Reasoning, Quantitative Ability and Data Interpretation areas.

Earlier the test was two hours long with 150 questions where the sections were same.

The test will be held in 37 test centres in 8 cities include Bangalore, Bombay, Delhi, Guwahati, Kanpur, Kharagpur, Roorkee and Madras.

The Schools/ Departments that use JMET 2009 scores are:

According to the JMET announcement by IIT Kanpur, “The results of JMET 2009 provide a basis to each participating institute to shortlist potential candidates for conducting its own selection process, like, Group Discussion/Interview etc.”

The application process was closed on October 17, 2008. The result of the exam will be declared on January 5, 2009.

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Source: http://www.mbauniverse.com/innerPage.php?id=ne&pageId=1566

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News4u-News Desk,, Manesar (Gurgaon), Nov 11- Gurgaon will soon have Indian Institute of Corporate Affairs, an institute of national repute.

Union Minister for Corporate Affairs Prem Chand Gupta and Haryana Chief Minister Bhupinder Singh Hooda today laid the foundation for the institute.

While addressing the gathering Prem chand Gupta said that the institute would be developed at a cost of Rs. 250 crore and it will tie up with reputed international institutions.

The structure of management of this institute would be such that there is minimum interference from the government and its five trustees would be from leading corporators of the country, he said.

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Source: http://news4u.co.in/?p=4627

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Ahmedabad : With Common Admission Test (CAT-2008) just around the corner, many doctors, lawyers and chartered accountants are spending sleepless nights. Cracking the exam and getting into top-notch B-school, like Indian Institutes of Management

(IIMs), doesnt come easy.

Till a few years ago, a management degree was an obvious choice for engineers, but now its becoming the preferred option for other professionals as well. The reason: they find it worth investing two years in an MBA since it gives them much-needed soft skills.

“It was during my CA course, in which I had a subject called general management and communication skills, that I realised importance of soft skills. Even if you are an excellent CA, you need to know how  to present yourself, ” says Vinay Menon, CA rank-holder.

Vaidehi Darji, who is pursuing her LLB, says: “The grilling and grooming one goes through in a management course is the biggest attraction. This is my second CAT attempt and I hope to make it to an institute of my choice.”

The famous Gujarati entrepreneurial spirit is another reason why an MBA degree is getting popular among professionals. “Im hoping to start something on my own eventually. Also, with just a CA degree I would be like any other practitioner,” says Parth Desai.

“The number of people with a professional degree taking CAT has increased this year. We had only two CAs last year, this year we have seven. The number of doctors has increased and lawyers are new additions to our students,” says Yakub Mansuri, centre manager of IMS Learning Resources.

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Source:  http://timesofindia.indiatimes.com/Ahmedabad/More_professionals_want_to_bell_CAT/articleshow/3701304.cms

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KOLKATA: The IIMs’ strategy of inviting more companies on campus during summer placements this year seems to have paid off quite a bit at time when the economic slowdown was supposed to affect placements in a big way. It’s early days still, but so far, both stipends and offers seem to be on track across campuses like IIM Calcutta, Kozhikode and Lucknow, which are either in the midst of or have wrapped up their summer placements.

In fact, things probably aren’t going to be as bad as expected even on the investment banking (IB) and banking and financial services (BFS) front, sectors which earlier seemed likely to be most badly hit.

Almost all regular recruiters in the I-banking space have turned up across IIMs, in part to maintain their relationships with elite institutes. New recruiters in this space have also turned up, along with some which did not participate in summers last year. And while most of the big names may have cut down on individual offers, calling more companies seems to have done the trick.

The total numbers of offers from the I-banking space have, if at all, decreased by a marginal 10-15%, claim insiders, while those in the banking space have seen a rise.

For IIM Kozhikode, which finished its summers last week, it’s been good news all the way. “Contrary to general expectations of a drastic reduction in the number of offers in the financial domain, students at IIM-K received more offers in the investment banking, private equity, treasury, corporate banking space compared with last year,” IIMK placement co-ordinator Revant Bhate told ET.

According to him, nine I-banks made 23 offers this year at IIMK, compared with 16 offers from six I-banks last year. Some 23 companies in the BFS space made 72 offers this time around, up from 51 offers by 18 such companies last year. New names in the I-banking space this year included IDG Ventures, Tata Capital, Deutsche Bank while those in BFS included Citigroup, Futures First and Emergent Ventures.

When contacted about its ongoing summer placements, Sushil Kumar, IIM Lucknow’s placement cell in-charge, said: “It is a policy decision that no information about the placements goes out till the process is over.” However, he said that things were on track, including in the banking space. “The earlier concerns were much worse than what the reality is turning out to be,” he added.

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Source: http://economictimes.indiatimes.com/Jobs/IIMs_breathe_easy_as_offers_pour_in/articleshow/3701681.cms

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Ahmedabad : Will it be a bull or bear run in summer placements of Indian institute of Management-Ahmedabad (IIM-A)? Already, regular recruiters from financial sector and investment bankers have taken a backseat while consulting firms

and others from media sector are set to be in the driving seat in these recessional times.The highly-awaited summer placements in the aftermath of global recession will take place for students of first year post-graduate programme (PGP

) from Wednesday onwards. And these placements are likely to show impact of meltdown effect on offers being doled out to IIM students this time.

“The mad rush for investment bankers is going to take a dip as no one is interested in touching them in this meltdown scenario,” said an IIM-A student.

According to him, even if students have options from investment giants like Goldman Sachs and any other consulting companies, they will be more comfortable going for the latter. Prateek Agarwal, media co-ordinator, IIM-A said, “This year, more number of companies from media and entertainment sector are coming during placements.”

Another IIM-A student said, “We do not have many options on our hand after global economic slowdown. New recruiters from media, entertainment sector, among others will be a favoured more.”Although IIM-A placement cell affirms that all regular employers have come for presentations on campus, it maintains a wait-and-watch policy over final results of summer placements.

Last year, a total of 123 students from the 263-strong 2007-2009 batch of IIM-A interned abroad across various firms and functional roles during their summer placements.

A first year student appearing for summer placement said, “Offered stipends might vary seeing volatile market, but we are confident that this phase will pass. Big companies might be recruiting smaller number of interns and overseas offers will also be limited ones.”

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Source: http://timesofindia.indiatimes.com/Ahmedabad/IIM-A_summer_placements_may_see_few_I-banks/articleshow/3701311.cms