IIM bill 2017: The Indian Institute of Management Bill that gives the top management institutes in the country the power to awards degrees to students instead of diplomas is currently in a fix that could affect the current batch.
IIM bill 2017: The Indian Institute of Management Bill that gives the top management institutes in the country the power to awards degrees to students instead of diplomas is currently in a fix that could affect the current batch. The Institute is currently in a transition phase, as they are making a shift from granting diplomas to awarding degrees. While the IIM Act 2017 that came into effect last month has come as a blessing for the IIMs, the debate continues over what will be awarded to the students who were enrolled in the Institutes during the time when the act was proposed in the Parliament. The head of the institutes are in a dilemma as the batch of 2018 will soon pass out and they are yet to decide whether the students should get a postgraduate diploma in management (PGDM) or an MBA degree.
According to an Indian Express report, some students of IIM, Lucknow demanded that they be awarded diplomas during their upcoming convocation ceremony instead of degrees. Reportedly, the diplomas given to the students at the IIMs have become acceptable in the market because of the brand name ‘Indian Institute of Management.’ This dilemma has forced the director of the Institute to approach the government for a clarification over the whole thing.
Ajit Prasad, the head of IIM-Lucknow while talking about the same confirmed that he has written to the Human Resource and Development Ministry and is waiting for a reply from their end. Prasad talked about why students are demanding for a Diploma and not a degree and said, “They were admitted for a PGDM. They have been examined for a PGDM. So (they want that) we should give a PGDM.”
While the Indian Institute of Management, Lucknow has approached the government for a fix over this whole Diploma or Degrees debate, other institutes like the IIM-Bangalore and IIM-Calcutta are likely to take a decision over the same in the next Board of Governors (BoG) meeting. G Raghuram, the director of IIM Bangalore while talking about the issue said that the institute is looking at all possible solutions, including giving students the option of receiving either a diploma or degree. He added that the choice to receive either a diploma or degree will be limited to the two batches of students who enrolled before the Act came into effect.