Can I Do Masters In Finance After Bachelors In Mathematics Integrated Programme in Management – An Emerging Alternative to MBA

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Integrated Programme in Management – An Emerging Alternative to MBA

Management is one of the most diverse fields that a student could opt for to make his or her career in. A management education supplies some basic values essential to succeed in one’s career. These include a combination of hard skills (marketing, finance, economics, accounting, operations etc.) and soft skills (leadership, team work, communication etc.)

Traditionally, students would complete an undergraduate course and then pursue an MBA or a PGDBM to enter the field of management. More often than not, the undergraduate course which the student completed would not be directly associated with management. It is a well known fact that a majority of engineering students would opt for a post graduate course in management after their technical undergraduate education. The core management education was acquired at the masters’ level. The advent of undergraduate courses (including various degree courses like BBA, BBM, BMS etc.) gave an opportunity to the student to start management education right from undergraduate level.

In the past, getting a management degree (at undergraduate and postgraduate level) required students to secure admissions twice – once for the undergraduate degree and then again for the postgraduate one! Many reputed management schools – popularly referred to as B-Schools – give admissions on the basis of a selection process that may include written tests, group discussions and/or personal interviews among other processes.

The Emergence of Integrated Programme in Management (IPM)

With the advent of integrated programmes, the student can get into a reputed institute through a single point of entry after 12th standard.

An integrated management programme helps produce a more holistic manager as it gives the student more time to soak in the principles and practices of management.

Some institutes provide the opportunity to exit after the completion of the undergraduate (equivalent) part of the programme with an undergraduate degree. (This policy varies from institute to institute)

Institutes like IIM Indore (which provides a Five Year Integrated Programme in Management (IPM)), imparts not only management skills but also education in subjects like Mathematics, Statistics, Logic, Computer Science, Literature, Philosophy, Sociology, Psychology, Political Science, History, Natural Sciences, Languages, Performing Arts, Fine Arts and various Soft Skills among others. The integrated programmes groom the overall personality of the student and empower him or her with not only managerial skills but also many life skills. The integrated programmes are often broad based and aim to create well groomed all-rounders rather than limited specialists.

The integrated management programmes offer students numerous opportunities to undertake various internships within the corporate sector and also with various social organizations to supplement their theoretical education with practical knowledge. The opportunity to gather international exposure is also a great point of attraction for these programmes.

When the student is clear in his or her goal about getting into the field of management as a career, it makes a lot of sense to undertake a course that provides management related education and training at both undergraduate and postgraduate level.

Eligibility Criteria and Admission

The eligibility criteria for entry into such colleges vary from institute to institute. Generally, a minimum percentage is required in Standard 12th board exams. Some institutes conduct a written test where the students are tested in areas of Verbal Ability, Quantitative Ability, Reasoning and General Knowledge. Group discussions, personal interviews, writing assessment tests are some of the other selection methods that the institutes may employ. Students must visit the official website of the institute they wish to join and find out detailed information regarding eligibility criteria, selection process, course structure etc.

Preparing for Entrance Exams

Students can prepare for entrance exams of top colleges offering IPM course on their own, if they are self disciplined by getting relevant books/study material from the market or enroll for a training program from one of the institutes offering IPM coaching.

Institutes Offering IPM

Some of the premier institutions offering an integrated programme in management include the Indian Institute of Management (Indore), Institute of Management – Nirma University (Ahmedabad), Jindal Global Business School (Sonipat – Haryana), BKMIBA (Ahmedabad University), etc. With the integrated programmes in management steadily gaining popularity amongst students, more premier institutes have now started offering such courses.

If a student is diligent, hard working and completes the integrated management from any of the premier institutions, a successful career awaits him or her at the end of the programme.

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