New Delhi, Mar 15: The Indian Institute of Management (IIMs) can offer Master of Business Administration (MBA) degrees only for their two-year programmes, the government has clarified. HRD Minister Prakash Javadekar is reported to have explained the government’s stand in a meeting with IIM chairmen, reports The Indian Express. This rules out the possibility of the institute offering MBA degree for 1-year post graduate course for executives.
The government clarification comes days after the institutes were reminded by the HRD ministry that they did get more autonomy under the IIM Act but they had to follow the law as far as awarding degrees was concerned. Yesterday’s meeting was attended by 15 chairmen.
As per the UGC Act, a master’s degree in management can be called either an MBA or MMS (Masters in Management Studies) and has to be of two years. The Board of Governors is the principal executive body of each institute comprising up to 19 members as per the provisions of the Act. The Director is the Chief Executive Officer of each IIM who is appointed by the Board of Governors.