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Pay Rs 25 lakh for an IIM course, get IGNOU degree

delhi Updated: Jun 22, 2012 00:54 IST
Vanita Srivastava
Vanita Srivastava
Hindustan Times
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Admit yourself in IIM-Indore and then enroll in a bachelor’s course at IGNOU. This is the only way out for students who enroll in the five-year integrated course at the management institute, considering that it offers only a diploma.

The five-year straight-out-of-school IIM programme, with a capacity of 120 seats, costs each student nearly Rs 25 lakh.

One year after kickstarting the five-year integrated programme in management for fresh school graduates, IIM-Indore is still grappling with the issue of providing a bachelor's degree to its students. Till then, all the students will be made to register with IGNOU to get a bachelor's degree, which would entail additional charge (though nominal) and additional course burden.

It is understood that the institute was previously trying to affiliate itself with Goa University to give away BBA degrees. Although the Academic Council of the Goa University formally approved the affiliation last Friday, IIM authorities suddenly seemed to be in no mood to enter a tie-up with it.

IIM director Prof N Ravichandran told HT that they had not gone in for affiliation for a degree with Goa University, but did not rule out such a move in the future. “We do not feel that it is needed now,” he said.

Asked whether the students who pass out of the five-year programme would be eligible to sit for CAT, Ravichandran argued, “Why will they sit for CAT? This integrated five-year programme is equivalent to the post-graduate programme that we offer after graduation. Why will anyone spend another Rs 15 lakh?”

Stating that all the students will get jobs, he said, "When you are serving excellent 'kachoris', there is no need to market them. People will come and buy them." However, an IIM director said on the condition of anonymity that the programme can get a meaningful direction only if it is backed by proper action. “Links with foreign partners, an efficient faculty, proper marketing can make the programme successful and even emulative.” A student, Aman Sinha from Allahabad, did not seem to have any problems with the course. “It hardly matters if they give a degree or diploma. Good branding holds the key. It can always help us get good jobs,” he said.

All the students were asked to enroll for the IGNOU programme last year too. Only one opted for the BSc degree due to non-availability of labs.

With inputs from Indore