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Aviral Bhatnagar, M.B.A. from Indian Institute of Management, Ahmedabad (2016)

Answered Nov 6, 2015 · Upvoted by Suhruta Kulkarni, studied at Indian Institute of Management, Ahmedabad and Nilay Bang, PGP from Indian Institute of Management, Ahmedabad (2018)

I will go beyond the scope of the question by addressing other courses, as well as the teaching style because I think it will help address the question better.

The IIM Ahmedabad teaching method is the case pedagogy. The method has case discussions in class, supplemented by books as well as readings from various reputed journals, books and online articles.

We are given case packs, that combine the cases with the required readings. Most often, these readings are certain chapters from a book, which eliminates the necessity of a book. The case pack is generally self sufficient, so it is rare that we will be given an entire book to read.

The books are given additional to the case pack, with suggested readings from within the book. Everyone is aware of exactly what will be taught on what day, so preparation and participation in the class becomes more meaningful.

I will talk about the broad areas, and how much they are driven by cases vs. readings/books. For the various areas i.e. economics, marketing, operations, finance and strategy the books that we follow are:

Economics The courses are entirely theory driven

Economics : Paul Samuelson

Macroeconomics : Errol D Souza

Microeconomics : Paul Krugman

Principles of Macroeconomics : Gregory Mankiw

Finance and Accounting The courses are largely driven by books and less by cases

Options, Futures and Derivatives : Hull

Marketing and Business Research The courses are largely driven by cases and less by books

Operations Management The courses are largely driven by cases and less by books

Strategy The courses are driven equally by cases and books


The picture below is me with my books and case mats (the spiral bound books) for the first year. It's a tradition for "surviving the first year", posing with your books like arm candy. For once I partook in it.

I also pretend like I read those. Maybe I did. One can never know. But, I can surely say I learnt a lot, at least in theory (did you see the pun?).

PS : This took quite a while to compose because of linking. I will add more books as they come to memory! I also bear no affiliation to Amazon, it was the only site giving me relevant links for all the books.

Thanks for the A2A Dhritiman

links for all the books. Thanks for the A2A Dhritiman Prescribed books in IIM Indore class

Prescribed books in IIM Indore class of 2014:

Year I:

1)Introduction to Finance - Financial Management: Theory and Practice by Brigham & Ehrhardt 2)Marketing - Marketing Management: A South Asian Perspective by Kotler, Keller, Koshy & Jha 3)HR&OB - Behaviour in Organisations by Jerald Greenberg 4)Economics - Microeconomics by Pindyck & Rubinfeld

- Macroeconomics by Dornbusch, Fisher and Startz

5)Accounting - Accounting: Text & Cases by Anthony, Hawkins & Merchant

- Cost Accounting by Horngren

6)Strategic Management - Competitive Strategy by Michael E Porter (not prescribed

as such but a good read)

Year II: (based on my electives only)

1)Higher Finance (investments) - Investment Analysis and Portfolio Management by Brown & Reilly

- Options, Futures and other Derivatives by J.C. Hull 2)Quantitative Finance - Paul Wilmott (not a prescribed book as per syllabus but very helpful for preparation) 3)Business Analysis and Valuation - Damodaran on Valuation by Aswath Damodaran (can be regarded as the leading Guru on the subject of valuation). Also refer to valuation book from McKinsey. 4)Econometrics - Basic Econometrics by Damodaran Gujarati 5)Behavioural Finance - Beyond Greed and Fear by Hersh Shefrin

Do note that the real value out of these books can be best derived only under the guidance of stellar professors and motivated colleagues in a typical B-school classroom. Also, you may have spotted the conspicuous absence of books on IT management and operations management. That's because those were taught by notes provided by the institute (yes, you don't have to buy all the books). In fact, most of these courses were supplemented with HBR (Harvard Business Review) articles to provide dynamic learning (books can only be static) and a tight grip on the application of theoretical concepts to real-life business situations through case studies.


Accounting: Accounting by Anthony, Hawkins and Merchant


Corporate Finance by Charles Horngren


Human Resource Management by Gary Dessler and Biju Varkkey (Prof Varkkey also teaches at IIM-A)


Legal Aspects of Business by Akhileshwar Pathak


Marketing by Kotler (this is the immediate reference for anyone who wants to learn the basics of marketing)


We also used another textbook by Lamb, Hair, Sharma and McDaniel; The third author, Dr Dheeraj Sharma, is a prof at IIM-A.


Microeconomics by Prof Satish Deodhar (yet another IIM-A prof)


Also used another book by Pindyck and Rubenfeld


A first course in Probability, Sheldon Ross


Academic Writing by Monippally and Pawar

These are the books which we used in first year alone (there are another couple of books whose names elude me at the moment)

While this is definitely a long list of reading material, remember that in IIMs, more learning happens in classrooms than outside, mainly due to the high level of interaction between peers. As a result, while studying these textbooks will teach you a lot, it will not be a full substitute for what you could learn in the two years