Every year, management school aspirants set out looking for the prestigious 3 alphabet credentials.
Added to that, 2 years (or more) of experiential learning, combined with a meaningful syllabus that will stamp them with more than an MBA - a holistic sense of place in the field of management.
Guided by giant, full page ads in India's leading newspapers, they decide to "think beyond the IIMs".
Which is why, in the tradition of our love for myth-busting, a blunt look at a controversial management institute named IIPM is needed.
An IIPM MBA is Controversial
In the succinct words of UGC vice-chairman Ved Prakash said. “It is indulging in cheating”, referring to IIPM "advertising its courses by using the name of UGC, MHRD and AICTE,…” There is also the Careers 360 expose of the IIPM degree, offered by IMI, in Belgium.
According to Rudy Derdelinckx, Director, NVAO (their version of the the UGC/AICTE,it recognizes educational institutions and degrees in Belgium): “IMI Belgium is not a recognised higher education institution either in the Dutch or the French speaking part of Belgium. Since it is not recognised, it cannot award recognised degrees. BBA and MBA degrees cannot be awarded legitimately. Graduates that use the title Bachelor or Master can even be prosecuted. Using those titles without holding a legitimate degree is illegal…According to our Constitution, everyone can set up an institution and offer education. But to be a higher education institution and award degrees, you need to be recognised. To be recognised, the institution’s programmes need to be accredited and the institution needs to be registered. Only then the institution is included on the official register…"
Some of Its Publicized Placements are Not Real
Barclays denies any campus placements with IIPM - "We at Barclays in Dubai have not done any campus placement with this institute." So does Deutsche Bank - "Deutsche Bank has no association with IIPM in terms of campus placements…"
Nothing to do with Stanford or Chicago B-School
Regarding a certified executive education program with Stanford University. According to Gale Bitter, Associate Dean and Director, “This claim is false…Neither the Stanford Graduate School of Business nor the office of Stanford Executive Education has ties of any kind with the IIPM.”
IIPM's had announced a "compulsory International Residency Program on Advanced Global Management…at the Graduate School of Business, University Chicago." Soon after, CBS wrote to IIPM, stating: "We kindly ask that all mention of Chicago GSB being a part of this Advanced Global Management program be immediately removed from all pages of IIPM’s sites."
And according to research done by MBA Channel, "The Haas School has asked IIPM to take the Haas/UC Berkeley logo off its web site and marketing materials and to correct its language regarding the certificate of completion and the credits. The Center for Executive Education does not offer credits, only a certificate of completion with respect to the segment of the program that it has taught."
IIPM is facing Legal Action
New students who had taken loans to attend IIPM found out that they had been enrolled for a correspondence course. According to them:
"…In January, we came across a Supreme Court order that said colleges in one state cannot be affiliated to universities in another state for regular courses. When we confronted the college authorities, we found it was a correspondence course we were studying. During the exams, you only needed to pay Rs 50 for what was called an ‘open book exam’. Students could look into the textbooks and write the exam,” said a student to the Bangalore Mirror.
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