Do you want to pursue an Integrated Management course after 12th? If yes, this article will be of help to you. Here, we will have an in-depth analysis of IPM (Integrated Programme in Management) course.
IPM stands for Integrated Programme in Management. As the name suggests, it is an integrated management education program. IIM-Indore is the institute that introduced this program in India.
The program’s structure resembles BBA + MBA Integrated course. The academic program is 5 years long.
Students who have passed 12th standard are eligible to apply for admission. Here’s a small overview of the academic program –
- Name of the course: IPM (Integrated Programme in Management)
- Type of course: Integrated course
- Duration: 5 years
- Eligibility: Passed 10+2 from a recognized board
- Admission: Through aptitude test and personal interview
IPM course has an interesting curriculum and course structure. In the next section, we will check the basic details about this course. Here they are –
Article Overview and Contents
IPM (Integrated Programme in Management): Basic Details
Recognizing the need for an integrated management education program, IIM-Indore introduced this course in the year 2011. Since then, this program has got favorable response from students as well as management gurus!
This course caters to the needs of young students who have just passed 10+2. Regular IIM programs are aimed at the needs of Graduates. This course stands apart, catering to the needs of 12th passed students!
- Foundation (first 3 years) curriculum
- PGP [Postgraduate Programme] curriculum (last 2 years)
The foundation stage consists of the following set of subjects –
- Mathematics, Statistics and Economics
- Psychology, Sociology and Political Science along with courses in Economics
- Humanities, Literature and Fine Arts
After completing 3 years of foundation stage, IPM students train as managers along with the students of the Institute’s 2-year Post Graduate Programme in Management (PGP), undertaking the same course package in management studies in years 4 and 5. IPM students are required to complete a social internship at the end of year 3, and a business internship between years 4 and 5.
Come, let us take a closer look at the course details. You’ll find details such as eligibility, admission process, syllabus etc. Here they are –
Type of course
It is an integrated management course.
Diploma in Management by IIM-Indore
The academic program is 5 years long.
Passed 10+2 from a recognized board.
IIM-Indore is the institute offering this course.
Selection process starts with form-filling. Interested candidates have to fill up a form aimed at understanding the students’ proficiency in academics, as well as in co-curricular activities.
It is followed by an entrance test. The test is used to gauge the candidate’s aptitude, logical reasoning and proficiency in English and Mathematics.
Short-listed candidates are called for personal interview. PI is used to gauge candidates’ confidence, communication skills, general awareness, persuasion skills and knowledge.
For Indians, fees for the first three years of the IPM would be Rs. 4,00,000 INR per annum and Rs. 6,00,000 INR for Non Resident Indian (NRI) and Overseas Citizen of India (OCI).
Course fee for the fourth and fifth years would be as per prevailing Post Graduate Programme in Management (PGP) fees. The course fee includes lodging, access to lectures, computer facilities and library.
Here are some important subjects present in IPM curriculum –
First 3 years –
- Foundation Courses in Maths & Statistics
- Game Theory
- Stochastic Modelling
- Spreadsheet Modelling
- Mathematical Modelling
- Micro and Macro-economics
- Indian Economy
- Money, Banking and Finance
- International Trade
- Introduction to Sociology & Psychology
- India & World Politics
- Public Administration
- International Relations
- Business, Government and Society
- Business History
- Principles of Management
- Languages: English, French, Spanish, German
- Communication & Presentation Skills
- Dance, Music
Last 2 years (PGP subjects) –
- Finance & Accounting
- Humanities & Social Sciences
- Information Systems
- OB & HR
- Operations Management & Quantitative Techniques
- Rural Immersion Programme
- Himalaya Outbound Programme
- Industry Visit Workshop
- Other Optional Workshops
Management professionals are hired by wide variety of industries, MNCs, offices and organizations. Both government and private job opportunities are available in front of them.
Corporate houses, MNCs, NGOs, Educational Institutes, Healthcare setups, Government organizations, Industries, Finance institutes (banks, private enterprises etc) etc are known to recruit IPM graduates. Actually, the list of recruiters would go on and on, management professionals are needed by many firms!
Under the above mentioned work setups, IPM graduates may take up any of the following job posts –
- Assistant Manager
- HR Manager
- Operations Manager
- Finance and Accounts Manager
- Sales and Marketing professional
- Auditing Assistant
- Executive (Sales, Marketing, Advertising etc)
- Office Assistant/Executive
- Research Assistant
Other than office job, entrepreneurship is another opportunity available in front of IPM graduates. If you are an entrepreneur at heart, you may start your own venture or business. Other than that, working as an independent consultant is another excellent option!
Starting salary of a management professional depends upon a number of factors. Some of the prominent factors are –
- Institute from which the candidate completed the course
- Level of education (UG, PG etc)
- His/her specialization
- The domain he/she has chosen
- Job location
On an average, starting salary could be anywhere between 50-80K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.
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Salary will also depend on the type of work you take up after completing the course. If you start your own business, profit generated (by the business) will matter the most (rather than your salary). Same thing rings true if you choose entrepreneurship.