First Year courses

IIM Udaipur - Best MBA colleges in india

First Year courses

The first year of study at IIMU equips students with a thorough grounding in management fundamentals. Compulsory core courses cover the key tools, concepts and analytical skills used in all major functional areas as well as subjects like business strategy and business ethics which cut across disciplines. The curriculum has two broad components:

  • Knowledge-Based courses: The list of courses is attached below.
  • Skill-Based courses: Spreadsheet Modelling, Managerial Oral Communications, Written Analysis and Communications.

The knowledge-based courses are classified into three types: Compulsory courses, Flexi-core courses, and Experiential courses. The compulsory courses are offered in Term I and Term II, while the flexi-core and experiential courses are offered in Term III. The Experiential courses offered during the Academic Year 2024 - 25 are as follows:

  • Design Thinking
  • Entrepreneurship
  • Rural Immersion

List of Courses Offered During the First Year of Study at IIMU

Business LawArrow

Course summary: A Management student is expected to have a conceptual understanding of Law. It is evident that operations, administration and management of a business or enterprise is complex. There are a plethora of statutes, rules and regulations that decide how business will be conducted in every country. This course provides an introduction to law and commercial aspects that is needed to manage and operate a business or enterprise.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Communication Skills (Oral)

Area: Program Committee

Credits: 2

Term: I

Capstone ExerciseArrow

Course summary: This capstone exercise involves a compelling and engaging cross-functional business simulation in which students run a live dynamic business entity (company) against competition for multiple years. Exercise provides an opportunity to apply knowledge and skills learnt during the MBA program. It requires students to work effectively within the teams and apply analytical skills while integrating the knowledge across multiple disciplines.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics

Area: Program Committee

Credits: 2

Term: I

Financial Reporting and AnalysisArrow

Course summary: Accounting is known as the language of business. It is meant to provide organized, accurate, and timely information about economic events inside the business to the business’ various stakeholders. It involves various stages, from recording transactions to reporting net results for an entity. The accounting process culminates in the reporting of the business's periodic results, showing the periodic performance and position of the business through its financial statements, viz., income statement, balance sheet, cash flow statement, and statement of changes in equity, along with notes explaining the details in the statements. Financial accounting also offers tools such as ratio analysis and common sizing to enable meaningful inferences from the results. When you make decisions as business managers and leaders, establishing the causal relationship between those decisions and their outcomes might be significant. The information generated by financial accounting is the most comprehensive, reliable, and objective information, enabling you to analyse the decisions and the outcomes. Therefore, understanding the financial accounting process, financial statements, and interpretation thereof is very important.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Ethical Responsibility

Area: FINAC

Credits: 4

Term: I

Individual and Group DynamicsArrow

Course summary: The course is designed to provide exposure to individual and interpersonal behavioural processes in organizations.

Meets AACSB Program Level Goals: Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OBHRM

Credits: 4

Term: I

Marketing ManagementArrow

Course summary: Marketing Management (MM) is a foundational course designed to help students build a strong understanding of the core concepts of marketing. As a manager, irrespective of your specific functional role, you can benefit greatly from having an application-oriented understanding of some fundamental marketing concepts. The MM course is designed to help you take the perspective of a marketer into consideration for strategic decision-making. Further, as this course is intended to lay a foundation for the more specialized marketing courses that will come later in your MBA journey, it is imperative that you take this introductory course seriously.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: MKT

Credits: 4

Term: I

Microeconomics for ManagersArrow

Course summary: Microeconomics is the branch of economics which studies individual (consumer or producer) behaviour when faced with a set of constraints. As a manager in a firm, you will have to take decisions on how much of a good to produce, which product lines to keep in operation, what technology to use in producing the good, how much of various inputs to use in producing the good, and crucially, what price to charge for the good. The various models that we will develop in this course will make an attempt to answer the above-mentioned decision problems and will also facilitate in evaluating price intervention policies. We will approach this subject from an applied perspective.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: Econ-DS

Credits: 4

Term: I

Statistics for ManagementArrow

Course summary: Statistics for Management is a core course for the first-year MBA students. The course presents various statistical techniques and their applications to managerial decision-making. MS Excel is used for the implementation of the statistical techniques in this course. Other software may be needed during the course as per the instructor’s specifications. All types of help regarding the installation of software are provided by IT Office and all types of guidance regarding usages of the software will be given by the respective instructor.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OMQMIS

Credits: 4

Term: I

Managerial Oral CommunicationArrow

Course summary: The role of oral communication, both within and between people and teams, is dealt with as two-way channels for ideas and information. The course aims to improve, develop and enhance communication skills associated with the spoken language. Experiential learning will take place in the form of individual and group business communication activities. This course is intended to help students develop their oral, presentation and communication skills as future managers. Development of these skills is achieved through evaluation, practice and feedback from the instructor and from peers.

Meets AACSB Program Level Goals: Basic Linguistic skills, Cognitive skills, Applied skills

Area: Skill Based Courses

Credits: Pass/Fail

Term: I

Written Analysis and Communication – I & IIArrow

Course summary: Written Analysis and Communication (WAC) is a two-term course focused on improving written communication skills as well as analytical skills of students in the first year of their management education. The first part of the course, Written Analysis and Communication I (WAC-I), aims to provide students with essential knowledge about written business communication. This course is followed by an advanced course in report writing in the second term. Both WAC-I and WAC-II are graded courses. WAC-I aims to help students become adept at writing business-related messages such as emails and proposals in a persuasive and effective manner. Students will be familiarized with styles useful in getting buy-ins and winning support for a recommendation or decision from internal and external stakeholders. These involve persuasive strategies along with objective and rational analysis. WAC-I focuses on writing winning proposals as well as acing everyday routine business communication. It also arms students with effective strategies for different types of communication challenges that they are likely to face in everyday business situations.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: Skill Based Courses

Credits: Pass/Fail

Term: I & II

Spreadsheet ModellingArrow

Course summary: This module aims to introduce participants to utilizing spreadsheet software, specifically Microsoft Excel, for tackling managerial issues. It's designed to familiarize them with crucial Excel features, focusing on skill development. Through this course, participants will learn to translate diverse managerial problems into Excel-compatible formats, effectively address posed questions, and gain insights through performing sensitivity analysis and utilizing advanced functions.

Area: Skill Based Courses

Credits: Pass/Fail

Term: I

Business EthicsArrow

Course summary: The course will address and analyse various aspects of ethics as applicable to today’s business organizations. This will be done primarily by examining real-life ethical dilemmas and challenges in business, through case studies. No attempt will be made to “preach” what is right and wrong.

Meets AACSB Program Level Goals: Critical Thinking, Team Dynamics, Communication Skills (Written), Ethical Responsibility

Area: Program Committee

Credits: 2

Term: II

Indian Social and Political EnvironmentArrow

Course summary: This core course is being offered to IIMU postgraduate students since the institute’s inception in 2011. There are hardly any parallels to this innovative course in other leading management schools in India. Our experience suggests that most of the management students have never had an opportunity to learn about social and political issues affecting business administration and management. This is partly because a vast majority of IIM students come from engineering, science and technology background. This course will bring to the class narratives of the way Indian society and polity have evolved and, in turn, have shaped the economy. The principal intention in discussing these narratives is to jointly and constantly explore the relationship of business world with the wider social and political milieu. This is important because the employees of the business entities come from this society, the customers are from this society, the vendors operate in this society and clearly, they all shape and get shaped by the wider social and political structures. Given this very nature of the course, the main content of the course will be narrative, and an effort will be made to bring in as much analytical perspectives in the discussions as possible. An effort will be made to shape attitudes of the students and make them more sensitive and aware of the social reality around them. The students are expected to read widely, much beyond the narrow boundaries of their previous educational qualifications.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Written), Ethical Responsibility

Area: Econ-DS

Credits: 2

Term: II

Introduction to Corporate FinanceArrow

Course summary: The Corporate Finance course is the foundation course in finance and deals with investment decisions, basics of valuation and working capital management issues.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Communication Skills (Oral)

Area: FINAC

Credits: 4

Term: II

Introduction to Digital TechnologiesArrow

Course summary: Information technology has been the backbone of several industries for several decades now. In addition to this, the past decade has specifically accelerated the role of Digital Technologies in shaping modern businesses. It is, therefore, imperative for anyone who aspires to make a career in business to understand the digital paradigm, irrespective of whether they are in a business or IT function. This course provides an overview of digital transformation and technologies with a specific focus enabling MBA students to understand the various “Why, What and How” of Digital Transformation. Starting with a broad overview of Digital Transformation, the course dives deeper into digital technologies and supported by rich case studies provides a template for young MBAs to embark on a career in Digital IT. The course also focuses on the business aspects of technologies. It is relevant for business users, buyers, or sellers of technologies, i.e., those aspiring to be in the IT buy or sell side.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OMQMIS

Credits: 2

Term: II

Macroeconomics for Business DecisionsArrow

Course summary: Macroeconomics is the study of the economy. Managers need to understand macroeconomics because changes in macroeconomic factors impact both demand and supply conditions. When a firm decides on a new investment, it makes assumptions of stability in demand, interest rates, tax rates, exchange rates, price level, etc. However, macroeconomic policy changes affect those variables and the business environment. Businesses can gain or lose significant amounts of money when their macroeconomic environment changes, regardless of how well they are managed at the firm level. For example, a fall in the economy's growth (fall in GDP), and a higher price level (inflation) will affect a firm’s cost and demand. Learning macroeconomics helps managers understand the management problems of an economy.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: Econ-DS

Credits: 2

Term: II

Operations ManagementArrow

Course summary: "Operations Management (OM)" deals with the management of resources in the production of goods and services. Central to OM thinking is the paradigm of competing through excellence in operations (i.e., manufacturing and service sectors). In recent years several strategies have emerged for improving productivity and quality, reducing costs and delivery times, and enhancing the flexibility and innovative abilities of the firm. Moreover, the competitiveness and, consequently, the growth of the manufacturing sector are being recognized as key factors in enhancing the status of the Indian economy.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical thinking, Team dynamics, Communication skills (Oral), Communication skills (Written)

Area: OMQMIS

Credits: 4

Term: II

Operations ResearchArrow

Course summary: Operations Research is concerned with analysing and planning systems that involve complex decision-making. It is important for management students to possess skills in mathematical modelling and solution analysis. Accordingly, this course focuses on model formulation, where approaches for optimal decision-making are developed by establishing mathematical relationships by analysing a decision problem. The use of such models brings objectivity and tractability to the decision-making process. Linear Programming and Binary Integer Programming will be introduced for decision-making. The emphasis would be more on problem formulation and solution interpretation than on computing a solution, except in simple problems with two variables; for generating solutions for problems with more than two variables, EXCEL Solver will be used.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines & Critical Thinking

Area: OMQMIS

Credits: 2

Term: II

Organizational DynamicsArrow

Course summary: Organizational Dynamics (OD) prepares students to design, lead, and manage organizations by providing a deep understanding of human behavior and its interaction with organizational structures and processes. To do so, this course takes a "macro" perspective, integrating key insights from sociology, social psychology, and other behavioural sciences to critically understand structures and processes, and their dynamics in organizations. By examining internal elements such as culture, politics, and organizational lifecycle, along with external factors like environmental influences and inter-organizational relationships, students will learn to achieve strategic goals and enhance organizational effectiveness. Ultimately, this course prepares students to navigate and lead within complex organizational landscapes, positioning them for success in their leadership journey.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OBHRM

Credits: 4

Term: II

Strategic ManagementArrow

Course summary: Strategic management engages with the decision-making domains of the top management. The course will familiarize students with the mental schema of top management, specifically how the latter interprets and addresses the issues related to competing and gaining advantage in product markets. The course will begin with the analysis of the industry environment. The industry environment provides the backdrop for competitive strategy of firms. We will examine how industry environment shapes the competitive imperatives and the profitability of incumbent firms. The discussion on industry environment will be followed by that on strategies firms employ to compete in product markets. This will include sessions on value creation, competitive strategies, value chain, and sustainability of competitive advantage. We will critically examine select firms to gain deeper understanding of the strategic issues. The course will conclude with discussion on business model innovations and competitive dynamics.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: BPS

Credits: 4

Term: II

Advanced Corporate FinanceArrow

Course summary: Every managerial decision - irrespective of the functional domain from which it originates - has an impact, either very directly or indirectly, on the financial position, and thus the value, of the enterprise. The impact could be in the form of changes in asset base, capital structure, revenue stream, cost structure, investment mix, risk profile, growth prospects, or strategic direction of the enterprise. Perforce, extending from this premise, every manager should possess a good insightful understanding of financial analysis and management. This course builds on concepts that you have already covered in your introductory course on corporate finance and it forms part of the foundation for the advanced courses that will be offered as electives in the second year of this programme. It is designed to equip you with concepts, tools, techniques, and terminology that will help you - irrespective of the functional domain you choose to make a career in - to take managerial decisions that are optimal from a (financial) value perspective.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: FINAC

Credits: 4

Term: III

Corporate Strategy and StructureArrow

Course summary: This flexi-core course on corporate strategy and structure builds on the core course on strategic management. The core course on strategic management focused on creating and sustaining competitive advantage for single-business enterprises or specific business units of multi-business enterprises. Many single-business enterprises eventually grow and become multi-business enterprises. They may grow and broaden the scope of their enterprises across different businesses (diversification), along the industry value chain (vertical integration), and/or across multiple countries (internationalization). The present course takes the CEO’s perspective on creating and sustaining corporate advantage for such multi-business enterprises. CEOs of multi-business enterprises may be able to create and sustain corporate advantage for their enterprises by taking key strategic decisions such as (i) whether to broaden (or shrink) the scope of the firm and whether to enter into (or exit from) specific businesses, involving diversification, vertical integration, and internationalization; (ii) whether to acquire other enterprises or enter into strategic alliances with them; (iii) how to create appropriate organizational mechanisms for effectively managing the business portfolio of their enterprises; and (iv) how to manage the complex process of corporate transformation. The course aims to equip students with appropriate analytical frameworks for analysing and evaluating such critical strategic decisions for such enterprises.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: BPS

Credits: 4

Term: III

Cross-cultural ManagementArrow

Course summary: CCM is an understanding of how culture and cultural differences impact business, organizations, and human relations. Key to the understanding of this impact is the role that perception plays. Multiple paradigms have emerged describing mental models of cultural schema aiding the process of navigating and responding to the challenges of managing people in multicultural contexts. In this course, students are required to examine nuances of cultures, cultural differences and their interplay in interactions - at individual, group, and organizational levels. In doing so, students will learn how to comprehend and systematically manage multicultural teams. Balancing individual and group level expectations and negotiating those expectations in cross-cultural contexts are central to this systematic process of management. Therefore, critical analyses of international business relations are essential in this course. In particular, students are required to develop deeper insights in different facets of culture; various cross-cultural concerns, challenges, and coping mechanisms thereby; functioning and failures of multicultural workforces; and management of multicultural teams located globally. These insights are pertinent for effective decision-making, being conscious and respectful of ethics, and being aware of various social responsibilities. In the process, students will develop leadership capabilities tailored to manage cross-cultural teams in local and global contexts.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Domain Expertise

Area: OBHRM

Credits: 2

Term: III

Data Science for Business AnalyticsArrow

Course summary: The course builds on the statistics core course of I, which is a prerequisite, and prepares the students to carry out more comprehensive analyses of data, as well as to undertake more advanced courses in data science /analytics during the second year of their study. In terms of technical content, the course has two broad aspects – data visualization (via Tableau) and regression analysis (via MS-Excel and R). The assigned projects will help students to get proficient in conducting analytics in business projects. Students, in groups, will work on assigned projects and present their work in ‘story-building’ mode with powerful dynamic and interactive visualization techniques. The project presentation part is expected to focus on data visualization via Tableau, while the report should focus on analytics, including but not limited to regression.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OMQMIS

Credits: 4

Term: III

Financial Reporting and Business DecisionsArrow

Course summary: This course provides a comprehensive understanding of financial reporting principles and their application in making informed business decisions. The course is designed to develop skills in analysing and interpreting financial information, with a focus on key areas of financial reporting that are critical for decision-making. Students will explore advanced topics in financial accounting, including revenue recognition policies, segment reporting, earnings per share (EPS), and sharebased payment transactions. The course will also cover lease accounting, business combinations and consolidation, impairment of assets, and accounting for foreign exchange transactions. The students will gain insights into how these accounting standards influence business strategy, performance measurement, and financial decision-making. By the end of the course, participants will be equipped with the knowledge to interpret complex financial reports and understand their impact on business operations, enhancing their ability to make strategic decisions in managerial roles.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Communication Skills (Oral)

Area: FINAC

Credits: 2

Term: III

Global MacroeconomicsArrow

Course summary: Economics is the Lingua Franca of business, and this course focuses on applied macroeconomics. The Global Macroeconomics Course is designed to provide a thorough understanding of the global economic landscape. This course covers various facets of international economics, including the balance of payments, exchange rates, and the impact of global financial markets on national economies. The primary goal of this course is to develop a solid understanding of the broad, economy-wide factors that affect the performance and management of firms in today's global economy. We will delve into key questions such as: Why do some countries outperform others? What causes persistent inflation, and how does hyperinflation occur? What drives global imbalances, and what are their consequences? How are exchange rates determined? What roles do fiscal and monetary policies play? To address these questions, we will create a conceptual framework that explains the relationships between critical macroeconomic variables like real output, economic growth, unemployment, inflation, interest rates, exchange rates, and the current account balance. This course aims to equip students with the ability to systematically analyse the current economic environment and macroeconomic policy, enabling them to evaluate the economic conditions in which business and financial decisions are made. The course will heavily draw on current events and realworld examples to illustrate the issues.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: Econ-DS

Credits: 2

Term: III

Introduction to SalesArrow

Course summary: The age-old sales mantra, Always Be Closing, is supposed to motivate salespeople to achieve their monthly/quarterly sales targets. In doing so, this mantra implicitly reduces each prospective customer to a mere figure (closed or not) in the sales records. Furthermore, when human aspects get lost in the selling process, it increases the chances of salespeople engaging in some desperate measures (e.g., making some false promises) just to get the first yes from a prospect. If a salesperson is truly interested in getting repeat purchases from most of their firsttime-converted customers, they need to adopt a relationship-oriented approach in their selling process. The Introduction to Sales (IS) course is designed to educate interested students about this relationship-selling paradigm so as to prepare them to pursue excellence if/when they get into a sales role.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written)

Area: MKT

Credits: 2

Term: III

Irrationality and Uncertainty in Business EconomicsArrow

Course summary: This course explores the intersection of psychology, economics, and business decision-making, providing insights into how individuals, organizations, and markets often deviate from classical economic theories. While traditional microeconomics assumes rational decision-making and efficient markets, this course examines situations where markets fail, or individuals act irrationally due to structural factors. Building on microeconomic principles, the course covers real-world phenomena like market failures, risk aversion, biases, and heuristics. Students will first engage with theoretical models and then analyze empirical research and case studies to apply these insights in areas such as marketing, health, public policy, and management. By the end of the course, students will be equipped with practical tools to enhance decision-making and design effective interventions in business environments.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics

Area: Econ-DS

Credits: 2

Term: III

Leadership ScienceArrow

Course summary: Leaders emerge from the crucible of intense power dynamics. Those that first understand and then strategize and deploy their understanding of how power flows through organizations become great leaders. There are no shortcuts to power. They not only steer organizations to lasting success but also build a legacy in how they exalt the empowering of humans in organizations. This course does not have sing-alongs, meditations, empty rhetoric, or other forms of popular entertainment that are usually mislabelled as leadership training. Instead, it helps you to peer behind the veil of leadership “B.S.” (Pfeffer, 2015), and helps you to pierce through pop-spy “feel-good”, un-whetted, and hollow ideas of leadership to show you what the reality of leadership in the 21st century is all about. Leadership is fundamentally, and ultimately, about power. At the end of the course, not only will you have a robust understanding of how to be a leader, you will also have a slew of tools, supported by social-science evidence, that you can use to excel as a leader. This is a course specifically designed for those who are serious about becoming leaders and are willing to learn what it takes to get there. The course is inspired by, emulates, and relies on the body of work by Jeff Pfeffer, dean of Stanford GSB, and his graduate course of leadership.

Meets AACSB Program Level Goals: Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OBHRM

Credits: 2

Term: III

Marketing in the Digital WorldArrow

Course summary: The Marketing in the Digital World (MDW) builds on the foundational concepts introduced in the Marketing Management course, specifically focusing on the evolution of the 4Ps (Product, Price, Place, Promotion) and Segmentation, Targeting, and Positioning (STP) in today's digital landscape. As businesses operate in a highly digitized and complex environment, this course equips students with an updated understanding of marketing strategies tailored to the digital age. MDW is designed to equip students with the skills and frameworks needed to thrive in today's digitally driven marketing landscape. This hands-on course uniquely combines practical simulations, expert guest lectures, and a real-world group project, offering students a comprehensive understanding of both the strategic and operational aspects of digital marketing. From gaining indepth knowledge of SEO, SEM, and social media marketing to understanding analytics and mobile marketing, students will engage in interactive sessions and exercises that mirror the realities of digital marketing. By leveraging a combination of simulation-based learning (like the Novela Search Marketing Simulation), expert-led discussions, and a group project that simulates creating a comprehensive digital marketing strategy, the course enables students to develop real-world skills highly valued during internships and in full-time marketing roles. Whether you're managing a brand or analysing data, this course empowers students to contribute meaningfully to their summer internships and build a strong profile for careers in marketing.

Meets AACSB Program Level Goals: Integration Across Business Disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: MKT

Credits: 4

Term: III

Managerial Advanced Operations ResearchArrow

Course summary: This course offers a comprehensive introduction to the tools and techniques of Operations Research (OR) and their managerial applications in solving real-world business problems. Participants will explore key OR methodologies, including linear and nonlinear programming for optimization, project scheduling techniques like Critical Path Method (CPM) and PERT, decision trees for risk analysis, and game theory for strategic decision-making in competitive environments. The course also covers multi-objective optimization and multi-criteria decision-making (MCDM) to help managers balance conflicting goals and criteria in complex decision contexts. Through case studies and practical applications, participants will learn how to apply OR techniques across various business functions—such as operations, supply chain, finance, and project management—to optimise resource allocation, enhance decision-making, and improve organisational performance.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking

Area: OMQMIS

Credits: 4

Term: III

Market ResearchArrow

Course summary: Marketing managers take decisions with respect to segmentation, targeting, positioning, pricing, distribution, and communication. These decisions need to be based on clear understanding of consumers, markets, competitors, channels, and media consumption. Marketing Research is the process of generating market insights for taking effective and efficient decisions. This course introduces the basics of marketing research to students and prepares them both as marketing researchers as well as business managers who use this research for decision making. The sessions provide the basic knowledge and techniques, both qualitative and quantitative. Projects, cases, and readings would help ensure assimilation of the basics for application to specific problems faced by managers. The course provides a good foundation for various marketing electives offered in Year II. More importantly, it would be of immense value for carrying out market and consumer studies during the summer internships. The course also covers a wide range of research tools that are used in the corporate world – beyond just the marketing department. The course is broad enough to cover both qualitative and quantitative tools.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: MKT

Credits: 4

Term: III

Public Policy and DevelopmentArrow

Course summary: Businesses and governments are inseparable partners. This flexi-core course is essentially about the relationship between the government and the business world. Historically, governments have played a critical role in trade and commerce world over. During the industrial revolution in the countries that are now developed, governments have nurtured the industrial sector, and they continue to regulate and incentivize businesses to sustain economic growth. In emerging economies, the success of the East Asian Tigers (Japan, South Korea, Taiwan, Singapore) hinges upon the catalytic role of their governments, and the same is true for China, India and other major economies. Yet, in conventional management curriculum, business and government relationships are often overlooked. This course aims to fill this crucial knowledge gap in the MBA programme at IIM Udaipur. The changing environment of modern organizations confronts managers with challenging situations which can’t be adequately tackled by traditional market-based decision-making practices. Managers, business leaders and entrepreneurs are required to act on issues that are decided in the public domain, outside markets. Many of the most difficult managerial problems involve public policy and action intermediated by governmental institutions such as legislatures, bureaucracy, courts, and regulatory authorities. The managers need to understand the structure of the government, public policy processes and the dynamic relationship between business and government. This is the main subject matter of the course.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Written), Ethical Responsibility

Area: Econ-DS

Credits: 2

Term: III

Strategic Cost ManagementArrow

Course summary: Studying Strategic Cost Management is essential for MBA students because it provides the skills needed to make strategic decisions that directly impact an organization's profitability and competitiveness. This course teaches how to identify and manage costs, align cost structures with business strategies, and improve overall efficiency. Understanding the relationship between costs, pricing, and profitability is crucial for navigating today’s complex business environment. This course also teaches the basics of planning, performance evaluation, and variance analysis & management. These preliminary frameworks will aid in developing strategies for delegating authority in a complex decentralized organization. By mastering strategic cost management, you will not only be equipped to control and manage costs but also to use them as a tool for gaining competitive advantage and driving long-term growth, making you a valuable asset to any organization.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Communication Skills (Oral)

Area: FINAC

Credits: 4

Term: III

Strategic Human Resource ManagementArrow

Course summary: People are an organization’s most critical resource. Their knowledge and skills along with their commitment, creativity, and effort are the basis for competitive advantage. It is people that have creative ideas for new products or for process improvements that devise marketing strategies or take technologies to the next level. This Flexi-core course in Strategic Human Resource Management (SHRM) provides a managerial perspective on the effective management of human resources within an organization and builds the role of Human Resource Management as a strategic business partner. The orientation of the course is to understand the general HR functions of the organisation and their relevance within the competitive landscape.

Meets AACSB Program Level Goals: Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: OBHRM

Credits: 2

Term: III

Design ThinkingArrow

Course summary: In order to stay relevant for the ever-changing user needs, innovators need to focus on impactful interventions and solutions - those that evolve and are sustainable. The traditional problem-solving route often taken by individuals and organizations encompasses thinking in a linear solution-oriented manner and applying common solutions to surface-level problems. When solving for ‘wicked problems’, ones that we know have been around for decades but still keep showing their heads every now and then, it is imperative that we surpass our tendency to focus on the superficiality of the problem. And most challenges dealing with changing behavior fall into this category. This course aims to equip students with practical skills to innovate, solve complex problems, and influence consumer behavior effectively. The course combines theoretical insights with hands-on practice, case studies, and real-world applications.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: Program Committee

Credits: 4

Term: III

EntrepreneurshipArrow

Course summary: This course is designed for aspiring entrepreneurs who want to turn innovative ideas into viable business ventures. Through a combination of hands-on learning and expert mentorship, students will develop practical skills in business ideation, market research, financial planning, and pitching to investors. Participants will work individually or in teams to generate, refine, and validate business ideas, culminating in a final pitch presentation to a panel of experts. The course emphasizes real-world applications, problem-solving, and strategic decision-making to equip students with the tools needed to launch and sustain successful startups.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Ethical Responsibility

Area: Program Committee

Credits: 4

Term: III

Rural ImmersionArrow

Course summary: This course provides students with an opportunity to spend time in a village to explore different aspects of rural life. In this course, the students will use a basic template to explore and understand different aspects of life in a village with assistance from a civil society group that work in the area. This will sensitize them to various realities especially in terms of opportunities and challenges in rural areas. This is expected to help the students adapt to different stay and work conditions and instill sensitivity and a sense of responsibility among the students at the individual and professional level. It will also provide them with professional skills and experience of conducting research, data collection and analysis. Finally, the course will foster critical thinking and comprehension of complex realities.

Meets AACSB Program Level Goals: Ability to integrate across business disciplines, Critical Thinking, Team Dynamics, Communication Skills (Oral), Communication Skills (Written), Ethical Responsibility

Area: Program Committee

Credits: 4

Term: III

*FC - Flexi Core: Applicable to Term-III only
*EC - Experiential Core: Applicable to Term-III only
*MKT: Marketing
*OBHRM: Organizational Behaviour and Human Resources Management
*OMQMIS: Operations Management, Quantitative Methods, and Information Systems
*BPS: Business Policy and Strategy
*Econ-DS: Economics and Development Studies
*FINAC: Finance and Accounting
*PC: As decided by Program Committee

Note: The specific courses offered may vary from year to year and are subjected to changes.

Summer Internships:

The internship evaluation process is thorough and well-structured, designed to track the student's growth and development while ensuring the expectations of both the company and the academic institution are met.

Key Components of the Evaluation Process:
  • Feedback from the Company: A critical element of the evaluation is the assessment provided by the corporate mentor. This feedback helps confirm that the student is fulfilling professional expectations and gaining meaningful industry experience.
  • Assessment by the Student's IIMU Mentor: The IIMU mentor plays a vital role in evaluating the student's progress at three key stages of the internship, ensuring ongoing support and alignment between academic objectives and practical work experience.
  • At the Start – Work Plan Development: The IIMU mentor works closely with the student to establish a clear, structured work plan.
  • At the Midpoint – Identifying and Resolving Issues: The midpoint of the internship provides an opportunity to identify and address any challenges, offer guidance, and adjust the work plan as needed.
  • At the End – Evaluation of Deliverables and Achievements: The final evaluation assesses the intern's deliverables and overall achievements.

In summary, this comprehensive evaluation process ensures that the students meet both academic and professional standards while offering them continuous opportunities for feedback and improvement, fostering a constructive learning environment throughout the internship.

Second Year MBA Courses

The second year of study gives the students a chance to tailor their knowledge and skills according to their personal interests and career objectives. Electives are offered from all the major functional areas of management, along with multi-disciplinary courses like Entrepreneurship and Management Consulting. A compulsory course in the second year MBA Program is Capstone which emphasizes the philosophy of immersion and application orientation. Capstone uses technology to create simulated decision-making scenarios within which students can assess their understanding of the business environment.

You can find the list of second-year electives: Click Here