Most of the Indian Institutes of Management (IIMs) are willing to offer degrees and are no longer fearing that this step could affect their autonomy.
The IIM Act that will help India’s premier B schools to offer degrees and not diploma’s is currently opposed by the IIM Ahmedabad director, Samir Barua and a few faculty members.
The IIMs at present offer post graduate diplomas in Management, which is equivalent to that of an MBA. However a lot many top universities require applicants to hold a post graduate degree and not just diploma’s.
So far, multiple panels have been set up by the HRD ministry , that have suggested bringing the IIMs under an act of Parliament, that would eventually allow them to offer degrees.
Apparently, the IIMs and the government have now decided that the IIM Council, which will comprise of institute directors and chairpersons will only hold a consulting role.