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IIM-I inks MoU with Deakin University for dual degree

The Indian Institute of Management (IIM-I) has signed an Memorandum of Understanding (MoU) with Deakin University, Australia that will allow the Fellow Programme in Management (FPM) students to undertake research and receive a dual degree on its successful completion.

Perhaps, IIM-I is the only B-school from the country to be a part of this initiative. The collaboration is a part of Deakin India Researh Initiative of the Australian university that aims to strengthen its research activities in India.

Under this programme, the FPM students of the IIM-I would get assistance in their research from the researchers and educators of the Deakin University and would be awarded with a dual degree on completion of their research.

A visit to Australia by the candidate for six months to conduct research is an important component of the scheme. The initiative is an expansion of the ongoing development of research models to bridge the gap between academia and industry.

Discussions with organisations in India have highlighted that bridging this gap will be a major factor in enabling the rapid increase in manufacturing and knowledge based industries needed for growing India’s economy.

Inking the MoU with the institute vice chancellor of Deakin University professor Jane Den Hollander said that it would draw on the strengths of both institutions.

“There is a high degree of research alignment between both the institutions in the areas such as Marketing, Management, Economics, Finance, Accounting, Information Systems and HR Management.

The partnership via a PhD scholarship will give researcher an opportunity to pursue a research project jointly supervised by faculty in both institutions,” said Hollander.

Elaborating further about the partnership she said that international outlook is the requirement for the managers in present market and this tie up will help faculty and students to gain experience of the Indian economy and society.

Welcoming the premier business school partnership with the IIM-I, director of the institute N Ravichandran expressed gratitude for the proposal.

He said, “Deakin is one of the premier institutions in Australia. It hosts a fertile environment for research and has produced interesting research that has great relevance to modern day executives. Given that the FPM program of IIM Indore is also augured towards a similar outlook, we feel that there is great synergy between the doctoral program of Deakin and the FPM program.” (The Times of India)

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