The Institute is located in the historic College Square area, which is steeped in the legacy of the yesteryears. The prevalence of heritage buildings like University of Calcutta, Presidency College, Calcutta Medical College and All India Institute of Hygiene and Public Health surrounding IISWBM enhances its academic ambience. The Institute building comprises two blocks. The foundation stones of both buildings were laid by Pandit Jawaharlal Nehru, the then Prime Minister of India and Dr. B. C. Roy, Chief Minister of West Bengal.

IISWBM is supported by some of the most acclaimed organisations like the Ministry of Scientific and Cultural Affairs: Government of India, All India Board of Technical Studies in Management: Ministry of Education, Government of West Bengal, Bengal Chamber of Commerce and Industry, Indian Chamber of Commerce, Bharat Chamber of Commerce and Bengal National Chamber of Commerce and Industry. Sir Biren Mookerjee, Srimati Renuka Ray, Professor D K Sanyal, Lala Lakhsmipat Singhania and many other noted personalities are associated with the Institute.

Since 1958, the institute has been run by a Board of Governors which includes the Vice Chancellor and the Pro-Vice Chancellor (Finance), University of Calcutta, Principal Secretary, Department of Higher Education, Government of West Bengal, representatives from four Chambers of Commerce, the Ministry of Human Resource Development, Government of India and the All India Council for Technical Education as members. Dr. B. C. Roy, the former Chief Minister of West Bengal was the first President of the Board of Governors. He was succeeded by Shri P. C. Sen who also became the next Chief Minister of the state . Dr. Pratap Chandra Chunder, eminent educationist and a former Minster of Education, Government of India was the President of the Board of Governors until his death in 2008 and presently Retd Justice Chittatosh Mookerjee , former Chief Justice of Bombay High Court and an eminent jurist is the President of the Board of Governors.

The institute maintains a website www.iiswbm.edu which provides detailed and updated information on a regular basis.

The Institute runs MBA programmes during the day and evening. The Masters in Business Administration (MBA) course and the Masters in Human Resource Management (MHRM) are affiliated to the University of Calcutta.

Institute also runs Master of Public Systems Management with specialization in Environment Management, Energy Management, Transportation & Logistics Management and Health Care & Hospital Management. The MPSM course is affiliated to the University of Calcutta.

The Course on Post Graduate Diploma in Business Management (PGDBM) is offered in the evening.  The Institute presently has about 1200 students out of which over one-third are women. The Institute has a very effective placement programme, which helps students to incur a prospective career.

In the course of its existence for five decades, the Institute has produced quite a few distinguished alumni who are nationally and internationally acclaimed for their contributions and command admiration of their colleagues in areas of their choice. Some of the better known of these alumni are Professor Sumantra Ghosal of London Business School, Shri L. N. Mittal of the ISPAT group, Shri Sudhir Jalan, Former President of FICCI and Dr. C. V. Chandrashekaran, Managing Director of Balmer Lawrie group. The Institute encourages its alumni to enrol in their database available online at alumni.iiswbm.edu and maintains cordial contacts with them.

Currently, a degree in management has become a prized possession. To cater to the demands of the market, new organisations have appeared and we have noticed a numerous growth of institutions awarding management degrees in our country. The changed scenario, however, has not altered the status of IISWBM - the oldest Management Institute of India. It continues to depict a commendable and reliable image, which attracts students from all over India and the world.

MBA (Day)

IISWBM conducts Master's Degree programmes of Calcutta University in Business Administration in the day (full-time) and evening (part-time) sessions. Students of full-time MBA are admitted through the Common Admission Test (CAT) jointly held with IIMs.
Structure of the MBA(D) programme:

The course is organised into four semesters. The First and Second semesters examination consist of eight compulsory papers each, the Third semester examination will comprise of six papers out of which three are Major/Minor area papers and the Fourth semester examination will consist of seven papers and the project, dissertation & viva-voce. The examination consists of six Major/Minor area papers.

MBA (Evening)

The students for the evening courses are required to be sponsored by their employers and are admitted through MAT. Newspaper advertisements for MBA (full-time) appear in July each year. Test is conducted in November/December followed by Group Discussion & Interview.
          
Structure of the MBA(E) programme :

For the MBA (E) programme, course will be distributed throughout the entire three-year period and in six semesters. However, they will appear for four semester examinations and their first semester examination will be held in the second year of their study period alongwith the first semester examination of  the full-time course. The other semester examinations will be the same as the full-time course (Day programme).