The programme, available across seven IITs—namely, IIT Delhi, IIT Bombay, IIT Kharagpur, IIT Roorkee, IIT Madras, IIT Kanpur and IIT-ISM Dhanbad — is said to have comparatively low fees but high return on investment. “What adds to the lure is the holistic education spanning different areas of management and interrelated areas of technology and social sciences,” says Vipin B, professor and admission coordinator, Department of Industrial and Management Engineering (IME), IIT Kanpur offers MBA and MTech in Industrial and Management Engineering programmes, in addition to a 5-year dual degree programme, where a student can get a combined degree of BTech & MBA with only one additional year of study.
“The IITs leveraging technology for MBA programmes provide more choices and higher value to the students, besides intensifying competition for the IIMs,” says Janat Shah, director, IIM Udaipur.
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“In fact, the IITs started MBA programmes with the goal to provide quality management education at the interface of technology and management. Also, students perceive higher returns on investment as the MBA programmes have good placement records,” says RK Amit, faculty, Department of Management Studies, IIT Madras where students can leverage their close connect with the companies at IITM Research park.
“At IIT Roorkee, the dual specialisation and internships, live project opportunities, and industry visits give students an edge, and provide them first-hand experience deployed in real-time,” says Usha Lenka, HoD at the institute’s Department of Management Studies (DoMS) where having international students in the batch is a boon at it provides students with a global business perspective, she adds.
The MBA at the IITs is an eclectic mix, covering domains such as Marketing Management, Finance and Economics, Human Resource Management, Production and Operations Management, Data Analytics, Information Systems, AI, Blockchain technology etc. “Additionally, students can also work on real-world business problems through capstone projects under the joint mentorship of industry experts and IIT faculty,” Vipin adds.
“At IIT Delhi, the focus is also on sensitising students to contribute towards sustainability and not just on preparing them for businesses in the digital era,” says Seema Sharma, head & Institute Chair Professor, Department of Management Studies, IIT Delhi, where students interact with founders of IIT tech startups and engage in multidisciplinary collaborations for making entrepreneurship teams.
Individual IITs have their own set of eligibility criteria. “While IIT Madras uses composite score comprising of multiple dimensions including the CAT score for shortlisting the students from across all streams, at IIT Kanpur, the eligibility rests on a BTech/BE/BArch (with Math as one of the subjects in class XII), or four-year degree programme leading to BSc Engineering/BSc (with Math as one of the subjects in the UG programme), or MSc/MA in Economics (with Math as one of the subjects in the UG programme). “The classroom diversity at IIT Kanpur is not to the level of IIMs; however, the intake from areas other than BTech/BE/BArch degree provide sufficient level of diversity in the programme,” Vipin says.
“At IIT Delhi, not all MBA students here are IITians, a significant number is from institutes like the NITs and SRCC, a cohort which can be seen at reputed IIMs like IIM-A, B or C. The average CAT percentile of the passing out batch is 99.04, indicating we do get top-notch students in our programmes. We are also witnessing an increase in the number of female students and it is currently around 35% of our batch size,” Sharma says.
Like IIT Delhi, aspirants at IIT Roorkee are also selected based on a valid CAT score besides fulfilling the minimum eligibility criteria in their class X, XII and graduation percentages. However, apart from CAT, a student who has completed bachelor’s from the IITs and has a GPA of 7 and above, can apply for an MBA and walk in straight to the interview round, Lenka informs.