IIMs Collecting High Revenues With Executive Programmes
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IIMs collecting high revenues with executive programmes

With the booming economy, the Indian Institutes of Management (IIMs), are expecting more participants and better revenues from their executive education programmes.

At all IIMs, executive education are designed by faculty members, based on their expertise and market needs. The management development programmes (MDP) formats are company-specific where needed. While company programmes target mid-management level employees, open-enrollment programmes cater to functional managers across levels. The programmes are short-term, and are offered for durations ranging from three days to a month. 

IIM Ahmadabad (IIM-A) raised Rs 12.21 crore by offering 52 programmes last year, compared to Rs 11.5 crore earned in the thick of the slowdown in 2008-09. For calendar year 2010-11, IIM-A is offering 68 programmes of which 11 are new. It hopes to attract more participants this year. As many as 1,536 participants have enrolled for the programme in a year, compared to 1,032 participants in 2008-09.


Likewise, IIM Indore expects 2,500 participants during 2010-2011 and expects to raise approximately Rs 16 crore from executive education programmes during the year. For 2010-2011, the institute would offer around 80 executive education programmes.Last year, for 2009-10, the institute offered 68 executive education programmes and raised Rs 9.5 crore from executive education programmes.

IIM Calcutta (IIM-C), on its part, is planning to offer 62 MDPs in 2010, from 36 MDPs last year. The course fee for MDPs vary between Rs 20-50,000 per course. Each MDP usually sees between 10 and 50 participants, depending on the course. IIM-C has seen an increase in the in-company programmes as well. These programmes are tailor-made for companies for their specific needs. While last year, IIM-Cconducted seven to eight in-company programmes, this year it has slated around 11 programmes, which may increase to 13.

IIM Kozhikode (IIM-K), on the other hand, will conduct ‘leadership’ clinic this month with 50 participants, which is the highest enrolment for any programme so far. The course fee per participant is Rs 50,000. Usually, executive education at IIM-K cost Rs 20,000 on average with 10 to 20 participants. The breakeven per course for IIM-K, on an average, is at least 12 participants. 

 

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