BENGALURU: In the upcoming session 2015, six new Institutes of Management are set to open, thus putting the country’s premier management institutions into a big rush.  While the older institutions are trying to establish themselves as the reputed ones the recent ones are trying to emerge on their own. This year a great focus will be put on research, fee hikes and entrepreneurship, reports ET.

Fee Hikes: MBA students from some of the top business schools in India can now prepare themselves for a sudden hike in fees as the hiring rate is to go up and so do the salary packages. IIM Ahmadabad has hiked the fee for its flagship PGP programme from 16.6 lakh to 18.5 lakh for the 2015-17session. In the same way, Bangalore IIM, which hasn’t raised its fees from last two years is about to go through the process after a meeting to be held in early January 2015, says one of the institute spokesperson. Other institutes to bring upon fee hikes in 2015 are IIM Indore, IIM Lucknow and IIM Tiruchirappalli. Though IIM Trichy director Prafulla Agnihotri said, “Right now we are evaluating our cost structure.” They are declining any kind of fee hike and said any step will be taken only after any board meeting.

Focus on Entrepreneurship: With a mission to place the institution among global B schools, the leading business schools are focusing primarily on research and are encouraging more professors to publish papers in the top journals.

IIM Ahmedabad has raised 20 Crore from corporate tie ups and is about to send them on financial markets, infrastructure and entrepreneurship. Furthermore, IIM Trichy has made it mandatory for ever professor to publish their papers in top ranking generals. Every year it also sends two professors to Harvard.

Dean academic of IIM Bangalore exclaimed, “IIM Bangalore has a strategy with a focus on research and publications, internationalization and innovation and entrepreneurship in its quest to become a management school recognized globally for excellence in research and teaching programs.”

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