BANGALORE: There are so many who quit their jobs just to pursue a degree from IIM. Some dream for IIM and finally fail to achieve it. The would-be IIMs will be shocked to hear that today IIMs are facing real challenges in their professional lives. IIMs in Ranchi, Kozhikode, Lucknow and Raipur are having vacancies in the director’s profile. The hunt is on, yet only one could be placed till now.

"No one wants to be a director today," says a former IIM director. "The institutes are facing a governance issue, which includes political and government interference. The faculty takes pot shots at directors. There is a lot of blame game. This is hurting the momentum," he adds. Successful acamedicians from IIM consider leadership struggles, government and political interference, lack of succession planning, low pay scale, remote location and absence of clear mission as core reasons for IIM distraction in such job profiles.

Since 2010, IIM Ranchi is functioning as a two storey building. The human resource department announced the development of six new IIMs, though none has come into existence till now.

"There are many challenges in developing new IIMs. A close industry interaction is a must for budding managers. Institutions established in remote parts of the country will face tough challenges on that front," says Prof MJ Xavier of IIM Ranchi.

Read Also: New National Education Policy By December: Smriti Irani
10 Companies You Dream To Be Part Of