The Indian Institute of Social Welfare and Business Management (IISWBM), located in Kolkata, is a pioneering institution in the field of management education in India. Established on April 25, 1953, through a resolution adopted by the Syndicate of the University of Calcutta, IISWBM was founded by Dr. Bidhan Chandra Roy, the then Chief Minister of West Bengal. It is notable for being the first management institute in India and South East Asia, with a vision to integrate social welfare with business management.
IISWBM offers a range of MBA and PGDM courses, including MBA in various specializations such as Human Resource Management, Public Systems, and more, as well as Post Graduate Diplomas in Sports Management, Media Management, and Fire and Industrial Safety. These programs are affiliated with the University of Calcutta and are designed to provide students with a holistic view of organizations and prepare them for contemporary socio-economic activities. The institute has also been granted the privilege to offer M.Phil. and Ph.D. programs in Public Systems, Management, and Social Welfare, a distinction held by few institutions outside university departments.
IISWBM has been recognized among the top management schools in India. It was ranked 34th by Business Today in 2014 and 33rd in Human Resource Management by the Economic Times B-School Survey. The institute boasts strong placement records, with the highest salary offered to MBA students being around Rs. 7,00,000 per annum. The campus is equipped with modern infrastructure, including a well-furnished library, smart boards, and various student clubs such as Finvestic, Verkoop, and Abhisaran. Despite some areas needing improvement, such as toilet facilities and common rooms, the institute provides a conducive environment for academic and professional growth.
Particulars | Statistics |
Establishment Year | 1953 |
Campus | Kolkata, West Bengal |
Recognized by | Approved by AICTE, affiliated with the University of Calcutta |
Rankings (as of 2023) | Ranked 60 in the Overall category by Business Today; Ranked 9 in the Top 20 B-Schools in the Zone-Wise category; Ranked 3 in city-wise rankings. |
Collaborations | Government of West Bengal, Government of India, Ministry of Scientific and Cultural Affairs, All India Board of Technical Studies in Management, Bengal Chamber of Commerce and Industry, Indian Chamber of Commerce etc. |
The Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata, offers a variety of MBA and PGDM courses, each with its own unique focus and benefits.
MBA/PGDM Courses, Duration, and Fees 2024
Course | Duration | Average Fees |
MBA (Day) | 2 years | ₹4.36 L (1st year), ₹3.94 L (2nd year)
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MBA (Evening) | 2 years | ₹5.64 L (total)
|
MBA in Public Systems (MBA-PS) | 2 years | ₹3 L – ₹8 L
|
Executive MBA/PGDM | 1 year | ₹1.65 L
|
PG Diploma in Various Specializations | 1 year | ₹95 K – ₹2.7 L
|
Master of Human Resource Management (MHRM) | 2 years | ₹3 L – ₹8 L
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Master of Public Systems Management | 2 years | ₹3 L – ₹8 L
|
FAQs on Course and Fees 2024
1. What are the specializations offered in IISWBM’s MBA/PGDM courses?
IISWBM offers MBA specializations in areas such as Human Resource Management (HRM), Public Systems Management, Marketing Management, Financial Management, Business Analytics, and System Management, among others. Additionally, the institute provides specialized courses like Master of Public Systems Management with focus areas like Environment Management, Energy Management, and Health Care & Hospital Management.
2. What is the fee structure for MBA/PGDM courses at IISWBM?
The fee structure for MBA/PGDM courses at IISWBM varies, but the total tuition fees for the MBA (Day) program are approximately ₹8.00 lakh for two years, including other components like library caution deposit and security deposit. For other programs like MBA (Evening) and PG Diploma courses, the fees range from ₹5.64 lakh to ₹2.44 lakh depending on the course.
3. Is it worth doing MBA/PGDM courses at IISWBM?
Doing an MBA/PGDM at IISWBM can be worthwhile due to its strong industry connections, experienced faculty, and a history of successful placements in reputable companies like PWC, TCS, and Adani. The institute also offers a serene and technologically advanced learning environment, which enhances the overall educational experience.
The admission process for management courses at the Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata, is meticulous and involves several steps.
1. Application Form and Admission Brochure:
2. Submission of Application Form:
3. Eligibility Criteria:
4. Group Discussion and Personal Interview:
5. Final Selection:
Important Admission Dates for 2024
Events | Dates |
Application Process Starts | September (MBA Day), March (MBA Eve), December (MBA-PS)
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Last Date to Apply | December 20, 2024 (MBA Day)
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CAT Exam Date | November 24, 2024 |
Admit Cards for CAT | November 05, 2024 |
Group Discussion and Personal Interview | February (MBA Day), March/April (MBA-HRM), June (MBA Eve)
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Final List of Selected Candidates | February (MBA Day), April (MBA-HRM), June (MBA Eve)
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Course Begins | July 2024 |
FAQs on Admission Process and Important Dates 2024
1. Can I get direct admission at IISWBM Kolkata?
No, direct admission is not possible at IISWBM Kolkata for MBA/PGDM courses. Candidates must clear the required entrance exams such as CAT, MAT, CMAT, JEMAT, GATE, or ATMA and undergo a group discussion and personal interview as part of the selection process.
2. What is the MBA/PGDM admission process at IISWBM Kolkata?
The admission process for MBA/PGDM at IISWBM Kolkata involves several steps, including applying for and clearing relevant entrance exams like CAT, MAT, or CMAT, filling out the application form available on the official website or obtained from the reception, and participating in group discussions and personal interviews. The final selection is based on the candidate’s performance in these exams and interviews.
3. Is it worth doing MBA/PGDM at IISWBM Kolkata?
Doing an MBA/PGDM at IISWBM Kolkata can be worthwhile due to its strong industry connections, experienced faculty, and a history of successful placements in reputable companies. The institute also offers a well-structured curriculum and a conducive learning environment, which enhances the overall educational and professional growth of the students.
The Indian Institute of Social Welfare and Business Management (IISWBM) in Kolkata has demonstrated impressive placement statistics for 2023. For the MBA Day program, the median salary package stood at INR 10.5 LPA, with a notable placement rate of 96%. In the MBA HRM program, the highest salary package was INR 10 LPA, while the average package was INR 8 LPA. IISWBM is praised for its strong placement records, particularly for freshers, with many considering the placements to be decent. The institute also boasts a large and influential alumni network, which significantly enhances its brand value and provides valuable connections for its graduates.
FAQs in Placements 2023
1. What is the highest salary in IISWBM?
The highest salary package offered at IISWBM for the MBA program in 2023 was INR 18 LPA for the MBA Day batch, with an international package as high as INR 70.95 LPA in some cases. This significant increase highlights the institute’s strong industry connections and the value it adds to its students.
2. What are the top companies that recruit students from IISWBM?
Top companies such as TCS, HSBC, Cognizant, ITC Limited, Reliance, ICICI Bank, and Kantar actively participate in the placement drives at IISWBM. These companies recruit students across various sectors including Marketing, Finance, HR, and IT/ITES, ensuring a diverse range of career opportunities.
3. What is the placement rate at IISWBM?
The placement rate at IISWBM is highly impressive, with a 96% placement rate for the MBA Day batch and an 80% placement rate for the MBA HRM batch in 2023.