International Council for Management Studies (ICMS) - ICMS

International Council for Management Studies was originally established as Department of Commerce in the University of Andhra Pradesh and conducted the first course of MBA in India in the year 1950. The decade 1970-1980s, witnessed a sudden surge in popularity of Management as field of study due to increased job opportunities in foreign domains and Multi National Companies, and this surge gave birth to the need of an institute solely focused on Management studies. ICMS believes in providing education while keeping future goals of the students in mind and building course structures that are knowledge-based, satisfy industrial demands, highly information intensive and solely created for skill development of students.ICMS, Chennai mainly believes in future preparation from the present day and has courses that revolve around building a future manager with all the qualities. Courses offered here are diverse and not just based on Management studies. In 1950, the Department of Commerce of the Andhra University Started the first M.B.A. programme in India. In 1963, Indian Institute of Management, Ahemedabad was set up in collaboration with the Harward Business School. The 1950s and 1960s witnessed the growth of commerce education and 1970 and 1980s witnessed the growth of Management Education in India.There has been a tremendous growth of management institutes in our society. Every year about 14,000 students pass out of management schools. Keeping in mind the demand, the supply is very meagre.Management courses have become 'Academic Courses' rather than 'Professional one' . Management Institutes, barring a few exceptions, have reduced to commerce colleges . There is an urgent need to restructure management education to meet new challenges of 21 Century.