IoBM has a Board of Studies which reports to the Academic Council. It supervises teaching research and academic discipline. It has three sub-committees on curriculum, resources and discipline. External members on the Board of Studies are:
The following departments exist in the Institute and HoDs of each department report to the Dean and the academic work is governed by a departmental board of studies consisting of both internal and external members.
Communication, Management, Marketing, Human Resource Management, Health & Hospital Management, Accounting and Finance, Environment & Energy Management, Risk Management, Industrial Management, Marketing & Media Management and MPhil Business Management.
Mathematics and Statistics, Computer Science & MIS and Actuarial Science.
Economics, Commercial and Professional Studies, Media Studies, Education, Policy & Area Studies, Business Psychology, Social Sciences and Organizational Psychology.