Wednesday, June 22, 2005

"Dare to dream beyond" or ...

Almost every week I get email queries from students who want to know whether joining IIPM is "worth it". Reason being the full page ads the b school puts out in leading newspapers where it claims to be as good or even better than IIMs.

Well, we at JAM decided to check out some of those claims, namely the "rankings", infrastructure, placements and accreditation of the institute. The result is an article Arjun Ravi put together after extensive research. Read it and decide for yourself!

22 comments:

  1. Shilpi Sharma9:27 AM

    I know this girl who did her M.B.A. from IIPM and she hasn't been able to find a job.It's a private institute and doesn't even have an entrance exam . u just have to pay through your nose to get admission.IIPM is only for those people who don't have the calibre to clear any MBA entrance exam.

    ReplyDelete
  2. Hi
    Article In JAM is excellent and KARWA SACH.You talked about IIPM but most of the MBA institutes are excellent in showing ROSY Picture.Ya Even,so called Best b-schools also do that,
    Now talking about IIPM ,this article need to be published in National Daily but no Newspaper and Magazine will do that coz they will lose significant amount of revenue.
    Dont blame IIPM alone,Print Media is also culprit,but Nothing can be done coz SAB GANDHA HAI PAR DHANDA HAI YEH,(company)
    So prospective MBA students be careful,


    Atlast

    ReplyDelete
  3. I think the IIM's should oppose the usage of "Dare to dream beyond the IIM's?". It is sad to note that the mainstream media are scared to expose the misdeeds of institutes like Amity and IIPM as they are dependent on them for the ad revenues. Some of the financial press brings out articles to express the dubious companies. A similar concerted effort is required to project the real picture to the student community. Any idea what is AICTE's role in this?

    ReplyDelete
  4. I am surprised that they are going scot free-poochne wala koi nahin hai kya?

    ReplyDelete
  5. Excellent Work by JAM. Kudos to you guys. Have always felt there was something phony about these IIPM chaps and Arindham Chaudhary.

    Rashmi, JAM site doesn't come properly in the firefox browser. Maybe you'd want your web team to have a look at it.

    ReplyDelete
  6. Nikhil1:52 PM

    Excellent report. Even I felt that their ads were somewhat exaggerated. It's kinda sick tho' that institutes like this ( among others) play around with students' careers like this.

    ReplyDelete
  7. navin4:27 PM

    this is a SHOCKING revelation of IIPM done by JAM Mag. I always knew IIPM was a "chor" institute, but it would be dirty to this level, i never imagined. Apart from exaggerated ad's & all false promises & claims...to not give degree certificates to the students who have paid through their noses to your insti is highly disgusting!!!

    JAM is doing a great deal of good for the prospective MBA students, by bringing to light the truth of such institutes.

    One more area about B-Schools which needs to be uncovered or as they say "exposed" is the profiles that are offered by companies when they go recruiting to the B-Schools. Many a times one comes across big names on a B-School's placement list, but the profile offered is never known. This especially occurs in case of second rung B-Schools.

    Hoping to read may more such articles in the future from the JAM Mag.

    ReplyDelete
  8. Hey Rashmi

    That was a great initiative by JAM and kudos to Arjun too,for the research he put in.Picked up the mag today but didn't expect to find an expose in it...wasn't shocked or jolted but definitely surprised...Maybe I should start a professional college after I do my MBA...I could get even more creative with the ads.On a serious note though ,this just goes to prove that "If something sounds too good to be true, it probably is "

    ReplyDelete
  9. Anonymous7:40 PM

    Hi Rashmi,

    Plz post this article in the next edition of BusinessWorld. You would be doing a lot of students good by bringing a clear picture of such Fishy institutes.

    Additionally , try reading any of the so called books by the Father-Son ( Chaudaries) duo on their absurd economic theories. Its the best Comic relief in recent times..

    ReplyDelete
  10. Hi Rashmi,
    Great to see the response about the IIPM article. I think doing the article was a great direction JAM has taken. Who's next?! :)

    @kaps - AICTE has no role in this matter, as IIPM is not accredited to them, UGC, or any Indian university. The degrees IIPM gives out are from the International Management Institute, Belgium.

    @calvin - that's a browser error. Firefox (God bless it) still has a few minor bugs. If you're not enthusiastic about using IE, I recoomend you use Avant Browser (www.avantbrowser.com) which is based on IE, but is more secure.

    Arjun

    ReplyDelete
  11. great research-kudos to the JAM team
    -the sad truth is that such institues will continue to exist-as long as horrendously rich ppl and their obsession with mgmt continues to exist
    what is even worse is when these institues become instrumental in shattering the great-indian-middle-class-dream for some.

    ReplyDelete
  12. In my opinion what is more important is asking yourself "if you have aptitude to do the MBA". Another important thing, is to know the value of money. If you do not know the value of money, there is point in doing an MBA, 'cos the course is all about maximizing profit. I have seen fresh college grads, enrolling for the MBA. How much will they learn, when they do not know the economy/industry/business environment. Atleast 3-5 years of experience should be mandated.

    ReplyDelete
  13. That was an amazing thing you guys did. THings just had to come out in the open. But my only worry is that such insights don't reach a lot of people, particularly the ones who fall prey. I sincerely hopoe that this pieece gets popular.

    ReplyDelete
  14. Hi! great job Done. But Why People Dont think of doing Chartered Accountancy and pass it for as little as Rs 10000/- or less and Succeed instead of going in IIPM for juss a laptop and False promises which u be'lie've and paying from ur dad's Nose

    ReplyDelete
  15. I had the misfortune to teach at one such place. It was such a horror story.

    ReplyDelete
  16. Fact - IIPM refused to take part in rankings whenever requested by various magazines until 2002, because the institute did not believe that journalists who have no business education, much less a understanding of how to teach business, could try to rank the courses offered.

    Fact - IIPM took part in Outlook's 2003 survey, after Editor Sandeep Deb and C-FORE (research agency with 3 employees, owner Palety is related to Outlooks publisher - talk about bias!!) said they would use only objective methodology so that no bias would creep in.

    Fact - IIPM was Ranked 4th in Industry Interface in the country, by Outlook survey. Industry Interace measure how corporates and faculty and srudents interact, and is an objective measure.

    Fact - IIPM was ranked 7th in International Linkages - professors from Harvard, Kellogg, Columbia, Stanford and many other leading b-schools worldwide come to IIPM and teach. Exchange programs and research tie ups with Yale School of Management are well known.

    Fact - IIPM was ranked 5th in Extra curricular activities - students at IIPM have won competitions at the IIM's and every other institute they have attended - the focus on Leadership and Communication at IIPM shows!!

    Then, when C-FORE put up a website Indiabschools, Palwety came to IIPM to ask for registration fee to show the rnakings on his website. IIPM refused on ethical grounds. Palety then created subjective parameters in the survey, and ranked IIPM 47, 48, 50th in all these subjective parameters - out of 50 b-schools!! Pathetic comercialisation of journalism and thins rankings hoopla is exposed!

    Further, Palety C-FORe issued a press statement saying IIPM removed from the rankings for providing bad data - an accusation the Outlook people and Sandeepan Deb specfically refuted in the media (refer Hindustan Times)

    Recently in 2005, Outlook, in a bid to force IIPM to spend money on advertsing in its magazine and buying bulk subscriptions, then asked IIPM to participate one again in its survey - IIPM refused, quite reasonably. Interestingly, most of the IIM's and ISB also refused.

    Then, Outlook issued notices in its own magazine saying IIPM could not use the 2003 rankings in their promotional material any more, as the ranking had now been withdrawn. Ridiculous, since, across all parameters, the institue has improved constantly over the past 2 years. Further, a blatant effort at arm twisting an institute into spending money on essentially buying rankings.

    Other publications, including India TOday, Business TOday and Business Barons, have placed IIPM in the TOp 10 on various parameters... but the institute has never actively participated in these surveys, and has sent notices to thesepublications requestng that their name not be used in any rankings.

    That is the truth... how media uses the rankings to get advertisements and revenue. Corruption and illegitimacy surround this exercise. And an institite which is changing the country, creating entrepreneurs and managers, is embroiled in it, and only wants to continue its mission, without having to face interference from meddlesome and profiteering researchers and publications. IIPM was founded by Dr. MK Chaudhuri – he is the Director at the institute today, and has taught Economics at IIM – Bangalore and XLRI. The institute’s prospectus has his detailed profile….

    ReplyDelete
  17. IIPM's Director Dr. MK Chaudhuri taught Economics at IIM B, and XLRI

    There is a list of professors who teach at IIPM from
    Harvard
    LSE
    Columbia
    Stanford
    and many others
    online at their website and in ther ads.

    How do 1000's of students every year join and pass out, and yet if as you say the institute is fake, nothing has happneded?

    What aRE YOUR QUALIFICATIONS?

    A student at IIPM uses his laptop to research, the electronic libraries to researhc, the 5 journals and a world class business magazine to learn, interacts with 15 professors from global b schols and next year will ahve studetns from 25 countries sitting in his class room ...

    Why how where do these ridiculous cmments come from?

    And have you ever been to IIPM? Ever met a student?

    You are no jounralist - you are nothing more than a paid servant...

    Your tirade has had zero efect on the institute, as such flimsy allegations, can be made by anyone!

    Ask any IIPM student, visit any campus in India or overseas...

    ReplyDelete
  18. http://indianinstituteofponytailmanagement.blogspot.com

    ReplyDelete
  19. Anonymous12:15 AM

    OPEN CHALLENGE
    THEREZ NO POINT BADMOUTHING IIPM...I GIVE AN OPEN CHALLENGE TO ANY B SCHOOL
    TO COME AND COMPETE WITH US IN ANY DEBATE, ANY DISCUSSION ANY THING U BELIEVE U R GOOD AT...THEN U WILL SEE WAT WE IIPMITES ARE MADE OF....

    ReplyDelete
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