The Indian Institute of Management Bangalore (IIM-B) have been generating lot of revenue by running the executive education programmes. The reports have claimed that IIM-B earned a sum of Rs 32.5 crore from the executive education programmes during 2009-10.
Such executive education programmes are exclusively designed by the institute to hone the skills of practising managers or aspiring entreprenurs across the globe. The executive education courses are very popular.This also indicates that by conducting such programmes regularly the institute can earn its own revenue and become self-sustaining.
Designed by the institute's faculty members, the department of executive education programmes at IIMB has taken multiple steps to ensure that these courses maintain international standards.The education programmes comprise open, customised and international programmes.
The open programmes are anchored on faculty research and expertise across various disciplines of management and draw participants from different organisations. These consist of both short and long duration programmes.One of the distinctive elements of the programmes are the action learning component.This includes studying live challenges confronted by any company and generate solutions under the guidance of the institute's faculty. The purpose is to achieve both individual and organisational learning simultaneously.
The two main international programmes run by the institute are International Masters Programme in Practising Management (IMPM) and Advanced Masters Programme in Management of Globally Distributed Work (AMPM).The institute also designs and conducts in-house management programmes for international business organisations.