'Committed to industry-relevant learning'

International Management Institute (IMI), New Delhi, is India's first corporate-sponsored B-school. It offers three PG diplomas in management - the flagship PGDM with 300 seats, as well as human resource management and business and financial studies with 60 each. Himadri Das, director general, IMI, discussed the challenges posed by competition among private business schools, the importance of diversity, and IMI's NIRF rankings with Sanjay. Edited excerpts from the interview.

- Sanjay

Q. How has the journey of IMI been so far?

A. Since its founding in 1981, IMI has distinguished itself as India's first corporate-sponsored B-school. Initially backed by RP Goenka Group and a consortium of other companies, including Nestle, Tata Chemicals, ITC, British Oxygen, SAIL and Williamson Magor, IMI was built on a strong foundation of industry collaboration. This corporate sponsorship instilled a mindset focused on engaging with industry, which has become increasingly important in today's rapidly-evolving business landscape. While other institutions have had to adapt, IMI has naturally progressed in its commitment to aligning educational offerings with industry needs.

Q. Is there a challenge to IMI Delhi with the crowd of MBA institutes in North India?

A. The increasing number of MBA institutes in North India presents challenges primarily on two fronts: competition for quality students and placements. With a limited pool of aspiring students and a fixed number of job opportunities, the influx of institutions intensifies competition. Schools must consistently deliver strong outcomes to attract the best candidates, leading to a classic demand-supply scenario.

If, however, an institution can differentiate itself by providing exceptional value and results, overcrowding becomes less of an issue. Schools that excel in quality education leading to superior learning outcomes and placement opportunities will continue to stand out, regardless of the number of competitors in the market. Ultimately, maintaining high standards and fostering strong industry connections are key to thriving in a crowded landscape.

Q. Why should a student consider IMI industry experts and a commitment to Delhi for an MBA?