IIM Indore’s gambit to catch them young and scale up its revenues quickly has faltered.
The Ministry of Human Resource Development (MHRD) has frowned on its plan to admit students straight after school and offer them a choice between a three-year BBA equivalent qualification and a five-year management diploma.
The ministry’s view is that students may be lured into joining IIM Indore for the IIM brand but they will not have a degree after three years, unlike the students of regular colleges. IIMs cannot offer degrees, either BBA or MBA, because they are not part of any university. They can offer only diplomas.
The institute has now decided to offer only the five-year integrated programme now. However, it still plans to explore the possibility of affiliating with a university in India or overseas to offer degrees.