The degrees were awarded to students during the convocation chaired by the institute’s Board of Directors’ Chairman, Mukesh Ambani, Chairman & Managing Director, Reliance Industries Ltd. Justice Venkatachaliah, former Chief Justice of India and Chairman of the Human Rights Commission, was the chief guest on the occasion.
Highlighting achievements of IIM B, Mr Pankaj Chandra, Director – IIM B, says, “IIM B has become an institutional member of the European Foundation for Management Development (EFMD), Belgium. We have applied for EQUIS accreditation that is awarded by EFMD. EQUIS is the leading international system of quality assessment, improvement, and accreditation of higher education institutions in management and business administration. This accreditation will greatly help in our efforts to internationalise our programmes and enhance our global standing.”
“IIM B has won a major recognition internationally. Eduniversal, a Paris-based Agency, has elected IIM B as the best B- School in Central, Middle East & South Asia ahead of all other institutions in this region,” he further says.
While speaking on future developments at the convocation, Mr Pankaj Chandra says, “We have announced two Institute Research Chairs and three Young Faculty Research Fellowships to recognize outstanding scholars amongst us and to nurture our young colleagues. These professorships were established using our own funds. In pursuance of our long-term vision, the institute will be launching a new Executive Post-Graduate Programme (EPGP), with 75 participants in the first batch.”
Expressing satisfaction over the placements of students, Mr Chandra says, “I am happy to inform you that despite global recessionary trends, all our students have been placed in diverse private and public sector companies. Even though the top investment banking and advisory firms were not hiring, finance & banking and consulting remained the largest recruiters from IIMB accounting for 50% of the placement. Firms that came to hire at IIMB have maintained or marginally increased their salaries from last year. In order to encourage alternative career choices, IIMB allows students to defer placements by two years. Seven students have taken advantage of this incredible flexibility to pursue other dreams. We have setup a seed fund to support worthy entrepreneurial projects.”
