To become a nationally and internationally relevant management education and research institution focusing on excellence.

CIMP - The Genesis

A Working Group of National Knowledge Commission (NKC) had estimated that there would be a three fold increase in requirements for trained managers in the next 10-15 years, worsening the current supply shortage. The group observed, “Just as the IIMs in the 1960s started a brand of managers with knowledge, skills and aptitudes appropriate to the country’s industrial development, and became a role model for many other educational institutions, we need today a new wave of management institutions that will launch India on to the global arena, without the legacy associated with operating in a protected environment.”

CIMP aims to be the pioneer among this new wave of management institutes.

Developing Bihar along with the nation

Even though Bihar accounts for more than 8% of India’s population, it houses just 0.8% of all the management schools across the country. There are just 1,050 seats for MBA or PGDM studies in Bihar as against around 95,000 nationally. This makes Bihar the state with the lowest number of Management education seats per lakh of population among all Indian states.

Reflecting on these numbers, the working group of NKC opined, “There appears to be a correlation between the number of schools in a state and its economic and industrial development. The regional imbalances in development and the creation of capacity for management education in the state are probably related.”

One of the main objectives of the institute is to help in economic and industrial development of Bihar, while fulfilling its role of training management professionals nationally.

The idea for establishing an institute of management in Bihar was conceived at a time when the rest of the world had started looking towards India as the next economic superpower. While the country showed promising signs to gain economic supremacy, the need for quality institutions, which could contribute towards realization of this goal, became a necessity. The fast changing international business environment brings in the need for a new generation of qualified and skilled management professionals.