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What is IIM? Lets find our why IIMs are wired to reinvent themselves.
MBA programs need to pay greater attention to cross-cultural business, consider the investment opportunities that companies have in international markets, and make an effort to comprehend the needs of today's consumers. They need to consider how to incorporate technology into organizational work cultures.
As we know the Indian Institute of Management is a group of prestigious business schools in India. The first IIM was established on 13 November 1961, and it was named as Indian Institute of Management Calcutta.It was established in the collaboration with MIT Sloan School of Management.
Every individual aspiring to pursue a Master of Business Administration (MBA) degree aspires to secure admission into an Indian Institute of Management (IIM) for their esteemed management program. Nevertheless, the level of competition is formidable, as more than 200,000 students submit applications for the Common Admission Test (CAT) in pursuit of securing one of the 5,000+ available places in the Indian Institutes of Management (IIMs).
The annual administration of the Common Admission Test (CAT) takes place in November, serving as a gateway for admission into the Master of Business Administration (MBA) or management programs offered by the Indian Institutes of Management (IIMs). Successfully clearing the Common Admission Test (CAT) serves as the initial milestone in the pursuit of obtaining admission to one of the esteemed Indian Institutes of Management (IIMs). The Indian Institutes of Management (IIMs) employ the Common Admission Test (CAT) results as a criterion for evaluating candidates during the second phase of the admission process, known as the Personal Interview/Written Ability Test/Group Discussion (PI/WAT/GD) round. The final admission lists for the Indian Institutes of Management (IIMs) are determined by considering many factors, including the Composite CAT Score, previous academic achievements, professional experience, and scores obtained in the Written Ability Test (WAT), Group Discussion (GD), and Personal Interview (PI). Each IIM independently calculates and publishes its respective admission lists based on these criteria.
Enrolling at a Top Business School in India will offer individuals optimal support, opportunities for professional development, and access to state-of-the-art resources, therefore facilitating their career advancement. The post-MBA jobs and compensation packages provided by the Indian Institutes of Management (IIMs) contribute significantly to the enthusiasm surrounding admission to these esteemed institutions.
Indian institute of management is well known for providing high quality management education and also for establishing very skilled managers in the different field of management. The first IIM was established in Kolkata it used to know as IIM Kolkata and it was followed by IIM Ahmedabad in 1962, IIM Bangalore in 1973 and many more in subsequent years. The main aim of the institute is to provide good quality management education and as well as leadership skills of professionals in India.
The main reasons for establishing IIM was. Economic growth and industrialisation during that whole period of time in India the there was an increase in the need for skilled managers to efficiently run the business and industry so for full feeling that requirement IIM was established this is one of the main reason why the establishment of IIM was done.
Before the establishment of IIM in India there was a lack or we can say a shortage of institutions which used to provide formal management education, and at that time people used to travel abroad for taking management education.
IIM list NIRF Ranking
Importance of MBA
All the IIM are accepting CAT results as the first stage of admission process. An individual has to give the CAT exam and need to clear it with the required percentage as per the IIM branch.
MBA is Master of Business Administration. It is a postgraduate program that focuses on various aspects of business management administration. MBA is considered as one of the most recognised qualification that provide individuals with the knowledge, skills, and abilities that are needed to excel in this real business world.
MBA covers wide range of business related subject like Finance, marketing,human resources,operations, entrepreneurship. These programs are designed in a manner that they provides holistic development of the students with providing knowledge.
Why CAT acts an important Role in IIM Admission Process:
Cat which is known as common admission test is one of the most competitive entrance exam in the India. That can help him or her for getting best management colleges in India. Cat is conducted annually by IIM that is known as Indian institute of Management, cat please and important role for any candidate who wants to pursue occur year in management and it will help that candidate for getting admission in top business schools like IIMs.
List of IIM Cutoff
IIM | CAT Cutoff (Actual) |
---|---|
IIM Ahmedabad | 80 |
IIM Bangalore | 80 |
IIM Calcutta | 85 |
IIM Kozhikode | 85 |
IIM Lucknow | 90 |
IIM Mumbai(NITIE) | 90 |
IIM Indore | 90 |
IIM Raipur | 92 |
IIM Ranchi | 92 |
IIM Rohtak | 95 |
IIM Trichy | 92 |
IIM Udaipur | 92 |
IIM Kashipur | 92 |
IIM Shillong | 75 |
IIM Visakhapatnam | 80 |
IIM Jammu | 90 |
IIM Nagpur | 87 |
IIM Amritsar | 90 |
IIM Sambalpur | 85 |
IIM Sirmaur | 92 |
IIM Bodh Gaya | 92 |
Conducted because it helps the iim's as well as few other top business schools in understanding how much and candidates aptitude and problem solving ability is. Standing the individual zip ability of talking the challenges that will come in the real business world.
Process of Applying for CAT
Registration visit the official website of cat and using email create a user profile and also use your mobile number.
Application form after creating an account on the official website of cat now it's time to fill the form by giving all the required
Election of program a candidate needs to choose a management program in whatever the one wants to opt for example MBA emba etc. Maximum candidate can select 6 courses.
Documents candid needs to upload the documents that are required for example Aadhar Card passport photos and etc.
Fees of application after filling form candidate needs to pay that application is the amount maybe from here to year. Before feeling the form check the application fees.
Submit the form by checking all the details and date has filled one can now submit the form.
Admit card after submitting the form of a few days the candidate will get his or her admit card by downloading it through the official website of CAT.
Factors which are also important with CAT Score
- Academic Performance:The Academic record of a candidate plays an important role in Academic process. Marks of 12th and 10th are also having small weightage.
- Group Discussion(GD) and Writing Ability Test (WAT):Many institution are taking WAT and GD for evaluating the students all over communication.These test involves writing as well as verbal communication.
- Personal Interview (PI):PI are done by IIM through which the organisation gets a complete information of the candidate, it also plays an important role in evaluating the personality,interpersonal skills,and communication skills.
IIM Placements
All IIMs | Average CTC (INR) | Highest CTC (INR) |
---|---|---|
IIM Ahmedabad | INR 32.79 LPA* | INR 61.48 LPA* |
IIM Bangalore | INR 35.31 LPA | INR 1.15 Crore |
IIM Calcutta | NR 35.07 LPA | 1.15 CPA |
IIM Lucknow | INR 32.20 LPA | INR 66.00 LPA |
IIM Kozhikode | INR 31.02 LPA | INR 67.00 LPA |
IIM Indore | INR 30.21 LPA | INR 1.14 CPA |
IIM Shillong | INR 26.96 LPA | INR 71.30 LPA |
IIM Rohtak | INR 18.73 LPA | INR 36.00 LPA |
IIM Ranchi | INR 35.50 LPA | INR 67.00 LPA |
IIM Raipur | INR 21.04 LPA | INR 43.43 LPA |
IIM Tiruchirappalli | INR 20.55 LPA | INR 41.61 LPA |
IIM Kashipur | INR 18.10 LPA | INR 37.00 LPA |
IIM Udaipur | INR 20.02 LPA | INR 35.04 LPA |
IIM Nagpur | INR 16.74 LPA | INR 64.00 LPA |
IIM Vishakhapatnam | INR 16.61 LPA | INR 32.65 LPA |
IIM Bodh Gaya | INR 14.96 LPA | INR 48.58 LPA |
IIM Amritsar | INR 16.51 LPA | INR 36.25 LPA |
IIM Sirmaur | INR 14.45 LPA | INR 64.12 LPA |
IIM Sambalpur | INR 16.63 LPA | INR 64.61 LPA |
IIM Jammu | INR 16.43 LPA | INR 64.00 LPA |
Fee Structure of IIM
IIM Campus | Fees |
---|---|
IIM Ahmedabad | INR 24.61 lakh |
IIM Bangalore | INR 24.50 lakh |
IIM Calcutta | INR 27.00 Lakh |
IIM Lucknow | INR 20.70 lakh |
IIM Kozhikode | INR 20.50 lakh |
IIM Raipur | INR 16.10 (excluding boarding fees) |
IIM Udaipur | INR 19.00 lakh |
IIM Rohtak | INR 17.60 lakh |
IIM Visakhapatnam | INR 17.58 lakh |
IIM Trichy | INR 21.00 lakh |
IIM Sambalpur | INR 13.08 lakh |
IIM Ranchi | INR 17.50 lakh |
IIM Bodhgaya | INR 15.50 lakh |
IIM Sirmaur | INR 15.75 lakh (including fees for international immersion programme) |
IIM Jammu | INR 17.15 lakh |
IIM Amritsar | INR 16.00 lakh |
IIM Shillong | INR 17. 50 lakh |
IIM Kashipur | INR 17.30 lakh |
IIM Nagpur | INR 18.00 lakh |
IIM Indore | INR 21. 14 lakh |
Scholarships Provided by IIM
- IIM MBA Scholarships
- The IIM provides different types of scholarships through which candidate who comes from a weak financial background will get benefits.
- IIMA Special Need Based Scholarships
- Family Income Linked Tuition Fee Waiver Scheme
- IIMA Special Scholarships (need-based)
- Industry Scholarships (need-based)
- SC/ST Scholarships
- GOI Merit-cum-Means Scholarships
- Aditya Birla Group Scholarships
- OP Jindal Engineering and Management Scholars
- Dunia Scholarships for scholastic excellence
- Ocwen Scholarship for Competence in Academics
- ONGC SC/ST Merit-cum-Means Scholarships
- State Scholarship
These all scholarships are provided by IIM.
Top 10 IIM Colleges
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- IIM Kozhikode
- IIM Lucknow
- IIM Mumbai(NITIE)
- IIM Indore
- IIM Raipur
- IIM Ranchi
- IIM Rohtak
Frequently Asked Questions about IIM List Rank Wise
Q. What is the fees of IIM for MBA?
Ans. Fees of MBA courses in IIM starts from the range of 15.50 lakhs to 27 lakhs. This is the basic fee structure which may varies from one IIM campus to another.This fees includes boarding,mess and other expenses. The fees can be paid in Installments term-wise.
Q. Is IIM funded by government?
Ans. The Indian Institutes of Management (IIMs) are Centrally Funded Business Schools for management.
Q. Which is the No 1 IIM in India?
Ans. As per NIRF ranking 2023. IIM Ahmedabad retains the No. 1 position.
Q. Why IIM fees are so high?
Ans. IIM is an autonomous body. There are few reasons why IIMs charge very huge amount of fees from the students. IIM provides the international facilities to its students because of that the course becomes so costly.
Q. Can a poor student afford IIM?
Ans. There are many scholarships which are available to students who got selected in any IIM.
Q. What was top 5 IIM placement in year 2023?
Ans. Placement of Top 5 IIM colleges with Highest and Average Package.
- IIM Ahmedabad. 61.49 LPA. 32.8 LPA.
- IIM Bangalore. 80 LPA (2022) 35.31 LPA.
- IIM Calcutta. 1.15 CPA. 35.07 LPA.
- IIM Kozhikode (2022) 67.02 LPA. 31.02 LPA.
- IIM Indore. 1.14 CPA. 30.21 LPA.
Q. What is the selection criteria for admission to non-IIMs?
Ans. The selection criteria of non-IIMs for MBA admission is the same. Candidates are selected on the basis of the following:
- CAT score
- GD/PI/WAT performance
- Academic record
Q. What is IIM Cutoff in year 2023?
Ans. The expected CAT exam cutoffs for the Indian Institutes of Management (IIMs) typically fall in the range of 99 to 100 percentile for students belonging to the general category. For those in the reserved categories, such as SC, ST, and PwD, the cutoffs are relatively lower, usually spanning from 97 to 98 percentile.
Q. What are the Subjects Offered by IIM?
Ans. The subject which are offered by IIM's are:
- Master of Business Administration (MBA)
- PGP-FABM (Food and Agribusiness Management)
- PGP in Human Resource Management (PGDHRM)
- PGP in Public Policy and Management (PGPPM)
- PGP in Enterprise Management (PGPEM)
- PGP in Business Management (PGPBM)
- PGP in Sustainable Management (PGP-SM)
- PGP in Agri Business Management (PGP-ABM)
Q. Do IIMs offer Executive MBA programme?
Ans. Yes, IIMs offer Executive MBA programmes for working professionals. These courses require candidates to have a minimum of three years of work experience of full time employment in executive or managerial role. These courses are essentially for skill enhancement to move ahead in career.
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