The latest series of ads from IIPM touts its 'international placements'. As per figures released in the ad, all IIMs placed 249 students abroad, ISB placed 111 and IIPM placed 165.
What's more, one of the ads now uses an article published in Hindustan Times on 13 July 2008 titled 'B-schooled in India, Placed abroad' to support the IIPM claim.
This article featured two IIPM alumni- Saumya Sharma (29), working with ANZ bank in Melbourne and Poulomi Basu (29), working with Lehman Bros, New York.
However, as a student I would still have the following questions:
a) Which companies exactly did 165 students who secured 'international placements' get their jobs?
b) What was the average salary package for these international placements (all reputed bschools release average salary figures for Indian and international placements as a matter of routine).
c) How does this salary package compare with that offered to students of IIMs, ISB, FMS, MDI etc.
d) What about job profile and designation?
Re: the HT article:
a) It mentions that Poulomi Basu 'bagged a First Class First in Personnel Management and Marketing Management' (from IIPM) - something that helped her considerably in gaining admission to good universities in the US.
This implies that Poulomi did a second degree in the US. And therefore her job at Morgan Stanley in New York and now Lehman Brothers cannot be attributed to a placement at IIPM.
b) This paragraph in Saumya's story struck me as odd:
“Packed with my MBA and stories that I had heard from Dad about his experience overseas, I decided to come to Australia to begin my career.” And not for a moment has she felt it had been a wrong move, because everyday at work, Saumya says, she is presented with opportunities to practise what she learnt during her time at IIPM.
I mean most bschool grads credit their institute for exposure, network and getting that great first job...
Incidentally, it is three years since JAM carried its original article looking into IIPM's claims. If things have improved - great. I would be happy for the students and alumni of the institute.
However it must be noted that in June 2008, UGC had declared IIPM as a fake university. Subsequently IIPM moved the Delhi High Court. According to the Economic Times:
...senior advocate A S Chandiok, appearing for the IIPM, contended that the main reservation was regarding the use of the word "fake" by the UGC about the institution.
"We do not mind being called unrecognised. But, the word fake is not correct and this should not be used as it gives wrong signal," Chandiok said.
As of now, IIPM has 'agreed to make it clear in its advertisements that the institute offers only certificate courses'.
The institute would also clarify that its courses were aimed at making the students eligible for degree courses like MBA and BBA provided under International Management Institute (IMI), Belgium.
It is unclear why IIPM cannot simply follow UGC requirements, become a recognised university and award a degree of its own. Like so many other private educational enterprises.
Especially as the institute is keen to gain not just students but respect.
More debate taking place here.
If you would like to add comments below, please stick to the facts and let's examine the situation as it stands today.