IIM Sirmaur launches MBA in Family Managed Business

IIM Sirmaur launches MBA in Family Managed Business

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Anum Ansari
Assistant Manager – Content
New Delhi, Updated on Aug 26, 2024 11:27 IST

This new full-time, two-year master's course is designed to tackle the unique challenges faced by family-owned enterprises in India.

The Indian Institute of Management (IIM), Sirmaur, has introduced an innovative MBA program aimed specifically at family-managed businesses. This new full-time, two-year master's course is designed to tackle the unique challenges faced by family-owned enterprises in India.

Empowering Future Leaders

The program's primary goal is to prepare the next generation of family business leaders with the skills and expertise needed to excel in today’s rapidly changing business environment. IIM-Sirmaur Director Prafulla Agnihotri highlighted the program’s focus: “This course addresses the specific needs of family-managed businesses, offering expert guidance on crucial areas such as succession planning, equity management, market mapping, and strategies for expansion and growth, all while adapting to the dynamic business landscape.”

Global Perspective and Practical Application

Dr Shashi Kant Srivastava, a key architect of the program, emphasized its relevance for young entrepreneurs looking to advance their family businesses. “The curriculum is enriched with global exposure through international case studies, industry interactions, and collaborations with leading family business organizations worldwide. This approach provides students with a comprehensive view of the challenges and opportunities in the global market,” Dr Srivastava noted.

Flexible Learning and Networking Opportunities

In addition to its academic rigor, the MBA program is designed to offer practical applications, including flexible learning options, extensive networking opportunities, and mentorship from industry experts and successful family business leaders. This holistic approach ensures that students gain both theoretical knowledge and practical experience to effectively manage and grow their family businesses.

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Q:   Is it worth pursuing MBA from IIM Sirmaur?

A:

Candidates looking for key details regarding the MBA programme at IIM Sirmaur, which can enable them to decide on admission to the institute’s MBA programme may examine the two important factors elaborated below; IIM Sirmaur MBA ranking and average package offered during placements.

The MBA programme being the flagship course of IIM Sirmaur recorded 100% placements for the year 2023. The IIM Sirmaur ranking awarded by the National Institute Research Framework (NIRF) is based on various crucial factors such as the teaching and learning process, research and professional practice, and many other important aspects. It was ranked #98 in the NIRF rankings 2023.

Check below inforgaphic for students reviews on IIM Sirmaur MBA programmes:

Q:   Has IIM Sirmaur collaborated with any college or university?

A:

Yes,  IIM Sirmaur has collaborated with various companies, industries, and colleges. Indian Institute of Management–Sirmaur has signed MoUs with various companies, organisations, and industries. The below-mentioned table reflects on the IIM Sirmaur collaborations:

IIM Sirmaur Collaborations
IIT Mandi Catalyst The Institute of Company Secretaries of India, New Delhi Wadhwani Foundation
The Emirates Academy of Hospitality Management, Dubai, United Arab Emirates Goethe Institute, New Delhi Technology Incubation and Entrepreneurship Development Society (TIEDS) Business Incubator - IIT Roorkee

Q:   Is IIM Sirmaur worth it?

A:

Given below are the important factors; one is IIM Sirmaur ranking and its placement details based on which candidates can enable them to decide better.

IIM Sirmaur Ranking

The IIM Sirmaur ranking awarded by the National Institute Research Framework (NIRF) is based on various crucial factors such as the teaching and learning process, research and professional practice, and many other important aspects. Given below are the ranking details for the IIM Sirmaur MBA programme.

Ranking body

2022

2023

NIRF

69

98

 

 IIM Sirmaur Placements

The MBA programme being the flagship course of IIM Sirmaur recorded 100% placements for the year 2023. The key highlights of IIM Sirmaur MBA placements 2023 as compared with 2022 are tabulated below:

Particulars

MBA Placement Statistics (2022)

MBA Placement Statistics (2023)

the highest package

INR 26.5 LPA

INR 64.12 LPA

Average package

INR 12.74 LPA

INR 14.45 LPA

Median package

INR 12.73 LPA

INR 13 LPA

Batch size

186

238

Students participated

183

224

Students placed

179 (3 students opted out and 1 chose entrepreneurship)

224 (14 students opted out)

Placement rate

100%

100%

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Anum Ansari
Assistant Manager – Content

"Writing is not about accurate grammar, it's about the honest thoughts you put in it". Having a versatile writing style, Anum loves to express her views and opinion on different topics such as education, entertainme... Read Full Bio

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