Ranked at the 2nd position among the management schools by the National Institutional Ranking Framework (NIRF) 2020, IIM has a vision of professional brilliance and academic excellence. Eduniversal, Paris has also ranked the IIMB first in Central Asia and India in the year 2020.] IIMB has also been ranked in the top 10 business schools globally by '2020 Positive Impact Ranking for Business Schools'.

The IIM has myriad initiatives that help the students broaden their horizons and bask into their latent potential in an enthralling way. One such initiative is the 'Nadathur Sarangapani Raghavan Centre for Entrepreneurial Learning', renamed NSRCEL, which was set up in 2002 to aid the entrepreneurial activities at IIM Bangalore. The centre acts as an incubator for new business ideas where anyone can apply for incubation. As of April 2020, NSRCEL has incubated more than 240 start-ups with a combined value of $1.5 billion and has created more than 5400 jobs.

At the IIMB, students of the two-year MBA programme go on exchange programmes during the fifth term of their course. More than a hundred students leave for global business schools, similar to the number of students who arrive in Bangalore from those very global business schools. IIM Bangalore conducts an international immersion programme for the one-year MBA students in the fourth term as well. Structured around a visit to emerging economies such as China, Russia, Brazil, and South Africa, developed ones like Europe, or Asian economies like Singapore or South Korea, the module provides insights into the innumerable country's economic, social, political and cultural life.

On the campus of IIM Bangalore, there are several student-run clubs and societies. The student bodies are divided into clubs, mini clubs, chapters and societies which are managed by the students themselves and are governed by the Students Affairs Council. This gives the students a platform to form connections, socialize, learn and have an enriching discourse with their fellow students.

IIM Bangalore was designed by Pritzker prize-winning architect, B. V. Doshi. Mr Doshi, also a Padma Bhushan awardee, had previously assisted Louis Kahn on the design of IIM Ahmedabad and then designed the renowned school of architecture at Ahmadabad (later renamed as CEPT). He was hence commissioned to design IIM Bangalore. The architecture of IIM Bangalore is inspired by the historic city of Fatehpur Sikri near Agra, and the Madurai temples in Tamil Nadu. The 54,000 sq mt IIMB complex, is built in granite stone, giving the campus a unique character and regal essence. The conceptualisation of the campus began in 1973 and it was completed in 1983. Over the years, the once barren campus has become a green oasis of tranquility with rich and diverse flora and fauna. The campus has been awarded for its sustainability practices.