IIM Bodh Gaya is one of the six new generation Indian Institutes of Management (IIMs) in the country established as per the decision of the Union Cabinet on 24th June 2015. It was inaugurated on 31st August 2015. It is located in the sprawling campus of Magadh University (Bodh Gaya, Bihar 824234). Till its 118 acre permanent campus comes up, IIM Bodh Gaya will operate from the state-of-the art Institute of Distance Education building of the Magadh University. The newly constructed boys and girls hostel are already in place. IIM Bodh Gaya is being mentored by the IIM Calcutta (the oldest IIM in the country). In effect, students in IIM Bodh Gaya follow the PGP curriculum of IIM Calcutta and will be taught by the faculty members of IIMC. They partake of the academic rigor for which IIMC is known for. In all other respects, IIM Calcutta assists IIM Bodh Gaya.