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iim short term courses

Updated at : April 10, 2024

IIM Short Term Courses

IIM short-term courses are industry-relevant management and technical programs designed by IIMs for a shorter duration. These programs are offered in a blended learning format and prefer prior work experience, thus, these are highly suitable for working professionals. The cutting-edge curriculum and various technology and management-based specializations offered in these courses greatly benefit upgrading your knowledge in the desired field. Join an online IIM certification course to enhance your career opportunities in the high-paying firms of the industry.

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No. of Universities

1

Course Duration

5 - 12 Months

Eligibility

Graduation + Min. 2 years of Work Experience

Learning Mode

Online

EMI Facility

Available

IIM Short Term Courses Program Overview

Indian Institutes of Management (IIMs) are among the top-rated business schools in India. They have earned a global reputation for delivering quality management education that is recognized well not only in domestic but international markets as well. For some aspirants, tough entrance exams like CAT serve as a barrier to getting into any of the IIMs whereas many management aspirants step back from enrolling in IIMs because of the high course cost. 

To make a quality business education reachable to all the professionals around the world, IIMs have come up with a long list of short-term courses. These courses are offered in a blended format including online sessions, LMS access, and an option for campus immersion. Moreover, the IIM short-term courses not only have management specializations but also offer programs specialized in Data Science, Big Data, etc. 

Why Choose An IIM Short-term Course?

IIM short-term courses are launched for working professionals to provide them with the opportunity to upgrade their existing business knowledge. Thus, the eligibility for these courses includes a minimum duration of work experience in addition to the other requirements. The good thing about these programs is that there is no entrance exam conducted as a part of the selection process and you can complete them within 5-12 months.

Upon completion of your specialized IIM certification course, you receive a “Certificate of Completion” from your respective institution. This certificate serves as your ticket to enter the top organizations of the business world. As a professional, you can get almost a 40-50% hike on completing these programs either in the same organization or in a different one.

Key Highlights of IIM Short Term Courses In India

  • Strengthen your understanding in a short period with online short-term courses of IIMs.
  • Attend online sessions with India’s top faculty members and clear your doubts instantly.
  • Learn through an advanced and updated course curriculum to acquire the latest additions in your field.
  • Gain industry insights by working on real-time industry-based case studies.
  • Avail the opportunity to visit the IIM campus in an online program with the option of campus immersion.
  • Take advantage of studying from anywhere at any time with a 24*7 accessible IIM’s LMS portal.
  • Expand your professional networking using IIM’s industry connections via webinars and online expert sessions. 
  • Earn a globally recognized IIM certification in your specialization and improve your job opportunities.
  • Get placed at your dream organization at a high salary package or earn a 40-50% hike on CTC in your current organization.

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IIM Short Term Courses Course Subjects/Syllabus

The curricula of short-term IIM courses are designed by industry experts and thus cover all the advanced topics related to the field. Several specializations are available in this course category at different IIMs by different names. One such program is the  Executive Certificate Program in Business Finance” available offered by IIM Paipur. The syllabus of this course is listed below to help you understand the level of education you can gain via these IIM certification courses.

Module I–Financial Accounting

  • Understanding the financial statements of various entities
  • Changes in financial statements of enterprises as per IFRS/IndAS
  • Financial Statements of Banks, Insurance companies, etc.
  • Analysis of financial statements
  • Case study on financial statement analysis – identification of companies
  • Characteristics of various types of financial statements across sectors
  • Use of statistics using ratio analysis
  • Cases and exercise solutions on financial statement analysis
  • Discussion on case analysis on ratio and cash flow

Module II–Introduction to Finance

  • Description of the financial markets – capital market, money market & International Finance market - overview
  • Discuss various long-term, medium-term, and short-term sources of finance
  • Describe different sources of finance available to business both internal and external
  • Discussion on alternate sources of finance – venture capital, private equity, lease financing, export financing
  • Discussion on international financing – understanding financial instruments prevailing in the international market
  • Discuss the concept of securitization

Module III–Time value of money and Asset pricing

  • Calculation of future and present value, including annuity factors
  • Valuation of stock
  • Valuation of fixed claim (Bond)
  • Risk & Return
  • Meaning of cost of capital – from raising funds from different sources of finance
  • Capital Asset pricing model
  • Meaning and computation of weighted average cost of capital (WACC)
  • Measure cost of capital of individual components of capital

Module IV-Capital budgeting

  • Understanding and computing various investment evaluation techniques – Net present value (NPV), Internal Rate of Return (IRR), Profitability Index (PI), Payback period (PBP), Modified internal rate of return (MIRR), accounting rate of return (ARR)
  • Objectives of capital investment decisions, understanding capital budgeting, cash flows in capital budgeting decisions, basic principles for measuring the same
  • Advantages and limitations of investment decisions
  • Applying the techniques of capital budgeting in real world – for capital investment decision making
  • Techniques used in risk analysis in capital budgeting
  • Discuss the concept of risk and uncertainty in capital budgeting

Module V-Capital structure & dividend decisions

  • Meaning and significance of capital structure
  • Concepts and factors for designing optimal capital structure theory. Essential features of capital structure of an entity
  • Understanding and relevance of capital structure theories – traditional approach, net income approach, net operating income approach, Modigliani and Miller approach, trading-off theory, pecking order theory
  • Optimal capital structure. Is there any optimal capital structure?
  • Discuss the meaning, causes, and consequences of over and under-capitalization to an entity
  • Relationship between the capital structure and performance of the company. Its impact on earnings of the shareholders, EBIT v/s EPS analysis
  • Concept of business risk and financing risk
  • Forms and determinants of dividend
  • Meaning and importance of dividend decisions
  • Theories of dividend decisions

Module VI-Risk management

  • Derivatives
  • Futures
  • Options
  • Foreign exchange arithmetic
  • OTC derivatives
  • Risk in foreign exchange

IIM Short Term Courses Eligibility & Duration

To enroll in the IIM certificate courses, you need to fulfill the following eligibility criteria:

  • Graduation from a recognized university/institution in any stream.
  • A minimum of 2 years of work experience.
  • A good command of the English language.

Note: The years of work experience may vary based on the IIM you have chosen for your course.

The duration of the majority of IIM online certificate courses ranges between 5-12 Months. This range is quite broad as it covers all the specializations of the short-term courses offered by 21 IIMs in India. 

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Program Fees for IIM Short Term Courses

Starting at ₹ 6,776/month

Program Fee: ₹60,000 - ₹2,50,000

Low Cost EMI Available

Recommended

The fee range of these online certification courses is quite low and starts at 70,000 INR. The maximum cost that you can encounter in this category of programs is 4-5 Lakhs INR. In addition to the program fee, you need to pay the GST charges separately at the time of enrollment. For international applicants, there is a separate fee structure mentioned on the official page of the IIM offering the selected course.

IIM Short Term Courses Admission Procedure

These online certificate courses of IIMs are launched in the market to upskill the workforce. Thus, the enrollment process designed by the institutions has been kept quite simple and easy. The very first step of admission involves registration which will make you create your User ID and password. Using these personalized credentials, you can log in to access the online application form.

After accessing the form, make sure to fill out all the mandatory fields with correct information and attach the required documents like mark sheets, certificates, ID proof, Address proof, etc. with it. Submission of the form will redirect you to the fee payment page where you can use any of the payment methods, UPI/Debit Card/Credit Card, to deposit your fee. On completion of the fee payment step, you will receive an enrolment confirmation from the institution with your enrollment number and student ID.

 
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Growth of Online Education in India

  • Online education in India is set to grow at a CAGR of 19.9% by 2030.
  • Skill development and employment are the major driving forces for this growth.
  • Higher education is gaining popularity in this online medium.
  • Financially affordability is a significant contributor to this boom.
  • The increased adoption of technologies, i.e., the Internet and smartphones, has increased accessibility significantly.
  • The advantage of flexibility in terms of time and location is the key highlight.
Growth of Online Education in India

Education Loan/EMI Facilities for IIM Short Term Courses

Even though the cost of online certificates at IIMs is quite affordable and low, there are still some applicants who face challenges in paying it all at once. Thus, the institutions have divided the entire course fee into parts and let the learners pay them at certain fixed intervals. This easy-to-pay installment bifurcation of course cost makes these courses way more affordable to every IIM aspirant. Moreover, the option to avail of the Education Loan facility gives the learners a relaxing and enjoyable educational experience with IIM.

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Is IIM Short Term Courses Worth it?

IIMs are quite popular among business professionals and students for their top-quality education. Whether it is a regular MBA, online MBA, executive course, or short-term online certification, the educational services offered by IIMs remain unmatchable. In the short-term IIM courses, you will develop a thorough understanding of your field in a short time. This will help you achieve your career goals at a faster pace.

In addition to the academic expertise, you will also be enlightened by the experiences of industry experts in the live online sessions. The course knowledge will also be delivered via online classes and in case you miss it, you still have the chance to attend it via recorded videos. Another advantage of enrolling in these courses is that you can get certified by your desired IIM by learning from anywhere at any time by accessing the 24*7 available LMS portal. However, there is an option of a campus visit to allow you to experience the IIM campus. 

Upon completion of your course, you will be awarded a certificate from your respective IIM which will enhance your career opportunities and make you navigate the senior-level positions in your current or other organizations. Moreover, the name of IIM on your CV is more than enough to reflect your skills and knowledge to the recruiting firms that make them hire you at big fat packages.

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Job Opportunity after IIM Short Term Courses

There is a wide scope for professionals after completing an IIM certificate program. This increase in opportunities not only makes you secure a senior-level or managerial job profile but also multiplies your payscale by many folds. A few of the designations that you can secure based on your course specialization are listed below.

Job Designations

Salary Brackets (INR)

Management Consultant

19.5–23 LPA

Financial Advisor

6-10 LPA

Product Manager

5-12 LPA

Administrative Manager

8-13 LPA

Business Analyst

4-8 LPA

Operations Manager 

5-10 LPA

Top Recruiters for IIM Short Term Courses

There is a long list of benefits of having an IIM certificate. The top one on that list is having top recruiters in line to hire you. Adding the brand of “IIM” to your resume even through a certification program is highly admired by both national and international recruiters. It not only places you at a reputed profile but also gives you financial stability and job security for a progressive career.

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Let's clear up some doubts about IIM Short Term Courses

IIMs have introduced a range of certificate courses in online mode that lasts between 5-12 months.

IIM certifications are designed by focusing on the needs of working professionals and they generally prefer prior work experience as one of their eligibility criteria.

The online certificate courses offered by IIMs are quite affordable and range between 70,000 to a few lakhs INR. Thus, there are chances to complete them in just 1 Lakh.

You can complete your online certification in General Management by choosing any IIM between IIM Raipur, IIM Vishakhapatnam, IIM Shillong, and IIM Ranchi.

The range of salary package that you can earn on getting IIM certified is 10-20 LPA. This range is based on the variations due to your job position, hiring company, and year of experience.

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