Moving from the standard international study modules conducted by one year executive programmes in India, where students are sent to universities in the US and UK, Indian Institute of Management-Bangalore (IIM-B)’s soon-to-be launched one year full-time Executive Post Graduate Programme in Management (EPGP) plans to tie up with universities and companies in emerging economies.
The programme, commencing in April 2009, has decided to include a five-week international industry study internship to help participants experience the way business is done in emerging economies. The institute plans to tie-up with companies and universities in sectors preferred by students in Russia, China, Brazil and South Africa.
The move was taken on the basis of an observation by the institute that a large number of students taking up the one year post graduate programme for executives are those who have worked abroad and would like to come back for higher level management opportunities in India or an Asian country.
“Generally executive programmes send participants for internships in the US, UK, Germany and the like where they have already some degree of exposure. A detailed study and analysis of management problems in emerging economies would enrich the participants’ knowledge at a time when the focus is on countries like India and China,” said Pankaj Chandra, Director of IIM-B.
The institute plans to divide students into 3-4 groups and send them to an emerging economy of their choice where they will work with universities and companies for five weeks in preparing a research project. Chandra added that apart from core and elective courses, participants would be exposed to history, literature, philosophy and science and film studies during the one year of study.
The first batch of the programme will have a size of 75 students where other than the requirement of minimum 7 years work experience, participants would have to submit their GMAT score.
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The cut-off GMAT score would be decided based on the average GMAT scores received from applicants. IIM Ahmedabad’s one year Post Graduate Programme in Management for Executives (PGPX) has generally seen a cut-off score of 699 with average scores hovering close to the 750 mark. The institute’s other one year executive programme, the Post Graduate Programme in Public Management and Policy (PGP-PMP) has had a GMAT cut-off of 600 and an average of 660.
Students for IIM-B’s latest offering will be lodged in rented apartments close to the institute due to lack of space at its campus. Fee for the programme has been pegged at Rs 18.75 lakh and Rs 19.70 lakh for married student housing.