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Saturday, March 05, 2005
In another boost to the image of the academic institutions in Bangalore, the Indian Institute of Management-Bangalore (IIM-B) has decided to open a campus outside India. This is a first for any of the IIMs.
The IIM-B`s foray into Singapore makes it only the third business school in the Wall Street Journal`s top 100 to set up an offshore campus, the other two being INSEAD, Fontainebleau, and the Graduate School of Business, Chicago.
The IIM-B will set up a research and management education centre in Singapore. It will offer a range of innovative programmes, including part-time MBA programmes for middle-level executives, executive MBA programmes for senior-level executives, short-duration education programmes for managers and customised executive education programmes for companies.
By setting up this offshore campus, IIM-B officials said they hope to bring unmatched management education within the reach of business executives in Hong Kong, China, Taiwan, Japan, Malaysia, Thailand, the Philippines and Indonesia.
The admission procedure, course content, and evaluation of the courses will be on the same level and as rigorous as at IIM-B, the officials added.
The MBA programme offered by IIM-B will cost between Singapore $25,000 and $40,000 (Rs. 6.75 lakhs to Rs. 10 lakhs). INSEAD charges Singapore $98,000 (Rs. 25 lakhs) for its full-time MBA programme and $192,000 (Rs. 51.80 lakhs) for its executive MBA programme. An executive MBA at the Chicago Graduate School of Business costs Singapore $ 137,000 (Rs. 37 lakhs).
The Indian Institute of Technology, Madras, and the Government of India have been in discussion with the Singapore Government for a year to set up an IIT campus there. Currently, IIT-Madras is collaborating on research projects with a few academic institutions in Singapore.
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