The Full Form of IIM is the Indian Institutes of Management which is a group of public management institutes in various parts of India. Their primary courses are postgraduate, doctoral, and executive courses, with some IIMs, also offering integrated courses of 5 years with both undergraduate and postgraduate degrees. They are considered to be the most prestigious management institutions in the country with several IIMs topping out some foreign business schools in terms of value for the degree. The Indian Institutes of Management Act of 2017 declared all existing and future IIMs as Institutions of National Importance or INI. This has allowed the institutes to work towards building an immense array of autonomous decisions regarding their daily operations. The act had also changed the governing body of the institutes from the IIM council to the IIM forum which has helped grant them leverage and freedom in deciding their own courses, fees, and admission strategies among other things.

The institutes have their flagship course as a 2 year MBA course which is fought over for hundreds of thousands of students competing for a seat in their entrance examinations. They have also been known to offer courses such as Post Graduation Diplomas in Business Management of one and two years which are considered relatively equivalent to MBA degrees.

The institutes conduct admission via a nationwide Entrance Test called CAT or Common admission test. It is considered to be one of the most difficult management-oriented tests in the country and has been conducted for years to allow students to compete for a seat in IIM.

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