The School of Management, Paralakhemundi Campus under the aegis of Centurion University of Technology and Management (CUTM), which is carved out of the erstwhile Centurion School of Rural Enterprise Management (CSREM), is a signature institute of the Centurion Group of Institutes. It came into being through a public-private partnership with equity support from the Ministry of MSME, Government of India and Industries Department and Government of Odisha. CSREM has been a designate Entrepreneurship Development Institute (EDI) recognized by the Government of India and is a resource centre for research and training. The institute has state of the art infrastructure with fully air conditioned and wireless internet facilities in all academic blocks.

The School of Management (CSREM), Paralakhemundi campus currently offers two years regular MBA programme under CUTM. The part-time MBA (Executive MBA); MBA in distance mode; MBA courses in collaboration with foreign Universities; Functional and Domain based MBA courses will be offered shortly. The regular MBA programme is approved by All India Council of Technological Education (AICTE), Ministry of HRD, Government of India. The programme is divided into four semesters with summer internship of two months. The programme offers specialization both in functional and domain areas. Students need to opt for functional specialization in the third semester from a basket of free electives in a range of areas like Marketing, Finance, Human Resource, Entrepreneurship, Insurance and Rural Management. Students need to opt for domain specialization in the fourth semester from Financial Services, Rural Development, Business Analytics and Enterprise Resource Planning. Domain provides an opportunity to students to get in-depth knowledge in the relevant industries. The wide range of functional and domain specialization areas ensure that students are able to optimally match their academic interest with their career goals. In addition to the specialization areas, students get exposure to an unprecedented number of live projects. The School of Management (CSREM) ensures that teaching and training processes are second to none in terms of curriculum, practical orientation and faculty quality. The Institute offers cutting edge facilities, excellent placement support and best Faculty with several years of experience in teaching, research, consulting and industry.