IISWBM is an autonomous Business School. It is situated in Kolkata in the state of West Bengal. It is the first Institute that offered an MBA degree in Asia. After XLRI and IIM, this institution is known to be one of the finest business schools in the eastern part of the country. On 25th April 1953, the Indian Institute of Social Welfare & Business Management was established and it is affiliated with the University of Calcutta. This concept was not known to many at that time, so Dr. Bidhan Chandra Bose took an initiative and was successful in establishing the very first management institution. This institute once served as a mentoring institute. When the institute celebrated its Golden Jubilee in 2003 and the Government of India released a commemorative stamp of IISWBM for the event.
The Indian Institute of Social Welfare & Business Management (IISWBM) has won many awards and achievements for its academic performance. In 2014, it was ranked 34th among all the management schools by Business Today’s “India’s Best B Schools 2014”. It was ranked 33rd in Human Resource Management and 37th overall, according to the Economic Times. In 2017, it was ranked 23rd in the “Public B-School” category by Business World. IISWBM stands 4th in West Bengal and 3rd in Kolkata. In MBA rankings, IISWBM stands at 7th place all over India. And in the research output of the country, it was ranked 9th.
Indian Institute of Social Welfare & Business Management holds a reputation when it comes to the infrastructure, academics, faculty, alumni, placement records, etc. IISWBM offers various Postgraduate programs, Doctoral Programs, and Certificates in management. The institute offers various diploma and Ph.D. courses like Master of Business Administration (MBA), Executive Post Graduation Programme in Management (EPGPM), Master in Retail Management (MRM), Masters in Social Welfare (MSW), etc.
As of 2019, IISWBM has successfully placed 95% of its students of MBA with an average salary package of INR 6.2 Lakhs per annum, 70% of its students of MBA HRM with an average salary package of INR 5 Lakhs per annum, 91% of its students of MRM with an average salary package of INR 3.2 Lakhs per annum and 100% of its students of MBA placed with an average salary package of 4.72 Lakhs per annum.
Many students have graduated from IISWBM and become successful in life. They have contributed and have been a great part of this management industry. Some of them are:
- Arindam Sil – He is a Film Star from India who also produces and directs movies.
- Lakshmi Mittal – He is a steel-magnate from Indian. He currently resides in the UK and serves as the Chairman & CEO of Arcelor Mittal.
- Partha Chatterjee – He is the Minister for Education and Minister of Parliamentary Affairs of the Government of West Bengal.
- Shiladitya Patranabis – He is one of the renowned television actors across the country.
- Sumantra Ghoshal – He is one of the best scholars and educators in India