Rank 37: Institute of Management Technology (IMT), Nagpur
Established: 2004, Top-scoring parameters: Leadership & Governance, Infrastructure, Faculty Profile
Differentiator: Produces strong candidates in marketing domain
Established by industrialist Late Mahendra Nath, IMT Nagpur is located on the outskirts of Nagpur, on a campus of 27 acres. It is the second campus of Institute of Management Technology to be established after the Ghaziabad campus, with a vision to create socially responsible business leaders. IMT Nagpur offers a two-year course in Post Graduate Diploma in Management, with options of both single and dual specializations. Kamal Nath, Minister of Urban Development and Parliamentary Affairs, is the Chairman, whereas Dr Ranjit Goswami is the current Director at IMT Nagpur.
In the 10 years since its inception, the institute has been increasingly recognized in the last six to seven years. But the advent of new IIMs has put pressure on the institute to maintain its ascending ranking. The location of the institute, in Nagpur, has also not helped and proved to be a disadvantage. The institute is working on changing this around by turning the city into a research centre of excellence and using Nagpur’s position as the physical hub of India by working on areas like logistics and supply chain management.
However, IMT Nagpur counts its faculty as its strength in its competitive advantage, with 45 full-time faculty members. More than 80 per cent of the faculty members hold PhDs, and they collectively bring the much-desired right mix of academic background and industry experience. The faculty members have IIT-IIM pedigree, and are open to consulting, which is an essential part of the repertoire of the faculty members. They are a perfect blend of policy formulation research, industry practice and academic knowledge. Over the years, IMT Nagpur has come to be known for producing excellent graduates, especially in the marketing domain. “We encourage our faculty members to take industry reports to journals to classrooms, and discuss these articles with students,” Dr. Goswami said.
This year, IMT had reopened the admission process. Explaining the reasons behind the same, Dr. Goswami said, “Admissions are the only process that binds the four campuses of IMT – Ghaziabad, Nagpur, Hyderabad and Dubai. When we closed the admission process last year, two things stood out: One was the lack of internal coordination among the four campuses, and the second was a lot of last minute cancellations. We ended up diluting our cut-off scores to fill up the seats. We didn’t want a repeat of last year’s scenario, and hence we reopened the admissions. Moreover, there were lots of queries from top percentile applicants, for stand-alone IMT Nagpur, be it through CAT or through other qualifying exams like CMAT, XAT, and GMAT.”
In the last two years, about 35-40 per cent of the students were working professionals, while 60 per cent are engineers. The male to female ratio is 60 per cent to 40 per cent.
New initiatives have been undertaken internally and externally. In internal changes, there is more focus on the pedagogy. The core courses are being reviewed in order to keep up with the changes in the corporate environment, as the continuous challenge is to courses current and relevant - in present era of globalization, liberalization and digitization. The second is to make the research more impactful – the idea behind this is to impact public policies, or even on the practices - and not just merely having publications for for publication’s sake. The institute has applied for NBA, in the process of completing application for NAAC, and has also been pursuing accreditation from AACSB.