Doctorate Must For Being A Director At IIM, Says New Government Mandate
Doctorate Must For Being A Director At IIM, Says New Government MandateLouis Kahn Plaza, IIM Ahmedabad (@IIMAOfficial/Facebook)

The HRD (Human Resource Development) Ministry has stated that a PhD is a must for those corporate executives applying for the post of director at the Indian Institute of Management (IIM).

Under the IIM Act, executives who have been in senior management roles for 15 years can now be appointed as directors, as reported by Indian Express.

The newly codified terms and conditions of the service of directors for all 20 IIMs, state: The applicant shall be a distinguished academic with PhD or equivalent having at least fifteen years teaching or research experience and shall have worked as a full Professor at a reputed institution for at least seven years; or shall have industry experience at a higher level for at least fifteen years.”

The government, however, made it clear that even senior executives must have a PhD degree. Teaching experience and professorship is not mandatory for people with 15 years of industry experience.

Corporate executives have headed the top business schools, but they have been very few - case in point Rajiv J Matthai, the first full-time director of IIM-Ahmedabad in 1965, and Subir Chowdhury, who headed IIM-Calcutta in the 1990s.

The IIM Act that came into effect on 13 January gives statutory powers to all 20 IIMs for the appointment of directors, chairpersons, members of the Board of Governors as well as to award degrees in place of diplomas.

Before the Act came into place, there were no fixed rules for the appointment of directors, but now, there is a uniform criterion.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber