IIM Indore is ranked among the top B-schools across the nation. The magnificent infrastructure of the 193-acre campus and the scenic hilltop view qualify the Indian Institute of Management Indore as an ideal destination for contemplative learning. Courses at the Indian Institute of Management Indore are designed to cater to the diverse needs of the participants and serve the economy, industry, and society with highly qualified managers and professionals who are also great leaders.
Indian Institute of Management Indore is excelling in management training, research and education. The participants of the Management programs at IIM Indore are equipped with essential qualities that make them capable and add value to both the organization they will be working in and the society they will be a part of. The courses focus on building those essential characteristics of the participant which fulfills the criteria of an excellent manager or any other specialized profession the participant aspires to excel in.
The objective of the Indian Institute of Management is to produce skilled, professional managers, improve people’s intellect, and produce graduates who will be representing our country and contributing immensely to the cash flow of the economy, contributing to its growth. Hence, IIM Indore’s goal is to make our country more self-sufficient in terms of the availability of qualified managers, HRM, Public Relations, and business personnel (entrepreneurs) which will contribute to a great extent in developing and growing the economy and serving our country through the skills and qualities taught/offered at Indian Institute of Management Indore.
IIM Indore particulars | IIM Indore details |
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Establishment year of IIM Indore | 1996 |
Campus Size | 193 acres |
Highest CTC | INR 1.14 CPA (2023) |
MBA Fees | INR 21,14,222 |
NIRF Ranking 2023 | 8 |
No. of Courses | 8 |
Scholarships | Need-based Financial Assistance Available |
Students Intake | 471 |
Top Recruiter | DE Shaw & Co, Bank of America, Goldman Sachs, Accenture Strategy, Bain & Co, Deloitte, BCG, Bajaj, Asian Paints, Aditya Birla Group, etc. |
Total Faculty | 104 Full-time faculty |
IIM Indore has restructured its Indian Institute of Management Indore Admission process in 2024. This time the prestigious B-School will focus more on improving the academics of its MBA participants and encourage gender diversity in its classrooms. They seek to bring a change in the hitherto culture of focusing solely on the CAT exam for selection or shortlisting process. The institute has decided that for IIM Indore admission, only 20% weightage will be awarded CAT 2023 test scores, and a jaw-dropping high weightage of 74% will be given to the class X and XII marks in the shortlisting of candidates process for the final selection round for the MA and MBA HR 2024-26 batch.
In the previous year IIM Indore did not conduct any Written Ability Test (WAT), however this year it is expected that for the Indian Institute of Management Indore admission 2024, WAT might hold a fair share of weightage in the final selection round. After the implementation of the IIM Act 2017, the PGP students at IIM Indore were awarded an MBA degree instead of a diploma. Nevertheless, for Indian Institute of Management Indore admission in PGP 2024-26, the applicants are required to qualify in the CAT 2023 exam with a minimum eligibility score along with qualifying the overall percentage criteria which is 90 percentile. IIM Indore is the only institution among the 20 IIMs that has given such high weightage to academic performance in the shortlisting process for India Institute of Management Indore. The very purpose of this new method is to establish the uniqueness of IIM Indore in terms of academic and gender diversity at the campus of the Indian Institute of Management Indore.
Indian Institute of Management Indore admission is primarily entrance-based. This institution is well known for its premium education, beautiful infrastructure, and the aesthetics of its buildings. Since the institution is among the top 10 B-schools in the country, there is a rigorous competition for the seats in this educational institution, therefore a huge crowd participate in the competition for Indian Institute of Management Indore Admission. In the previous year, the CAT percentile had reached up to 98, the number is a clear depiction of how intense the competition is.
The race Indian Institute of Management Indore Admission commences from the registration for IIM Indore admission which begins from registering for CAT 2023 exam. Below are a few main events for the Indian Institute of Management Process 2023:
Particulars | Dates and Details |
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CAT 2023 Exam Date | November 26, 2023 in 3 slots |
CAT 2023 Registration Date | August 2nd - November 13th 2023 |
CAT Exam Cities | CAT 2023 is conducted in over 155 cities |
CAT Exam Duration | 2hr for each slot |
Choice of CAT Cities | Candidates can choose six choice exam cities |
How to Prepare for CAT 2023 | Best books, mocks, coaching, previous papers |
Since the competition is so intense, it is advisable for a candidate to be updated about the syllabus for the CAT exam 2023 and keep checking the exam pattern to stay updated for being competitive for the Indian Institute of Management Indore Admission. CAT is considered to be one of the toughest examinations conducted in the country and Increasing competition has only added more water to the already flooding bridge, so cracking the entrance for IIM Indore admission demands consistency and determination from the candidates, for the returns for their hard work and dedication will be worth it all.
IIM Indore Admission Dates | Important Events |
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25 Oct '23 - 26 Nov '23 | CAT 2023 admit card download |
26 Nov '23 | CAT 2023 exam |
5 Sep '23 - 13 Oct '23 | IIT JAM 2024period for Application Process |
2 Aug '23 - 13 Sep '23 | CAT 2023 registration |
22 Mar '24 | IIT JAM 2024 Result |
11 Feb '24 | IIT JAM 2024 Exam Day |
8 Jan '24 - 14 Jan '24 | IIT JAM 2024 Admit Card |
Registering for CAT 2023 is the precursor of all the activities required for the Indian Institute of Management Indore admission 2024, which is ongoing from August 2023. Candidates will have to register before the last date which is November 13th. The key points for the Indian Institute of Management Indore admission process are mentioned below:
The CAT exam is one of the most competitive exams conducted overall in the country, it is an inevitable step of the IIM Indore admission process in any of the IIMs or other management colleges. So thorough and updated planning is required, along with dedication and strategy to rise above the general competition and compete with the top competitors for the seats.
Reading books, news articles, editorials, and journals in order to improve your vocabulary and develop brevity of words, and reading skills. These will help greatly in passing the Indian Institute of Management Indore admission Eligibility Criteria
A candidate has a Master’s degree in any discipline, or a postgraduate diploma (two years) that fulfills the Indian Institute of Management Indore admission eligibility criteria. Also, professional qualifications such as CA, CS, or ICWA with at least 50% aggregate marks, along with a B.Com degree (with a minimum of 60 percent aggregate marks) are also eligible for application.
Indian Institute of Management Indore admission eligibility criteria states that if a candidate is in his/her final year of their qualifying program, that would also make them eligible for applying for Indian Institute of Management Indore admission, given that if selected for admission, they will be joining the program under the provision that they’ll be liable to submit a certificate issued either by the principal/ HOD/ registrar or the director of the university latest by June. The certificate issued by the college would confirm that the candidate has participated in the practical and theory exam in all papers, which is necessary for obtaining the Bachelor’s/ Master’s degree/ or an equivalent qualification. The participant will only be considered for admission if he/she confirms that they have submitted their marks sheet and the certificate of having completed their Master’s/ Bachelor’s degree.
The bachelor's degree acquired by the candidate must be issued by any of the universities incorporated by an act of central or state legislature in India. Either that or the issuing university should be declared to be deemed a university under section 3 of the UGC Act, 1956 to fulfill the Indian Institute of Management eligibility criteria.
Course Name | IIM Indore Admission Eligibility & Selection Criteria | Total Fee |
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PGP/ PGP HRM | Eligibility: UG degree with 50% aggregate selection criteria: CAT + Written Ability Test (WAT) and Personal Interview (PI) + Gender Diversity + Academic Diversity + Experience | INR 16.1 lakh - INR 30 lakh |
IPM | Eligibility: Class 12Selection criteria: IPM AT + PI | INR 30 lakh |
FPM | Eligibility: PG degree with 60% OR Professional degree with 50%Selection criteria: CAT/ GRE / GMAT / JRF (Economics) / GATE | INR 5.5 lakh |
E-PGP | Eligibility: 50% in UG degree + 5 years of experienceSelection criteria: GMAT + PI | INR 7.5 lakh - INR 17.6 lakh |
E-FPM | Eligibility: PG degree with 60% OR Professional degree with 50% + 5 years of experienceSelection criteria: CAT/ GRE / GMAT / JRF (Economics) / GATE/ RAT | RAT + PI for E-FPMG | INR 9.8 lakh |
However, there is variation in the eligibility of different sections for the Overall cut-off for Indian Institute of Management Indore admission.
Category | Quantitative Ability(QA) | Verbal Ability and Reading Comprehension(VARC) | Verbal Ability and Reading Comprehension(VARC) | Overall |
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EWS | 80.00 | 80.00 | 80.00 | 90.00 |
General | 80.00 | 80.00 | 80.00 | 90.00 |
NC-OBC | 70.00 | 70.00 | 70.00 | 80.00 |
PwD | 40.00 | 40.00 | 40.00 | 45.00 |
SC | 55.00 | 55.00 | 55.00 | 60.00 |
ST | 40.00 | 40.00 | 40.00 | 45.00 |
The CAT 2023 exam is a mandatory examination for admission in various postgraduate and Fellow/Doctoral programs at various IIMs. The computer-based Common Admission Test 2023 will be conducted on November 26th, 2023. The test is conducted in three sessions, across 155 cities with around 300 venues for the examination. The candidates can select six preferred cities.
CAT is one of the most competitive exams conducted in the country. The CAT syllabus 2023 includes Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Aptitude (QA). This syllabus for CAT is Designed by the Indian Institute of Management themselves.
CAT exam score has been allowed for the non-IIMs to be considered for examination. The list of these non-IIMs has been provided on the CAT website. However, IIMs have no role in the selection process of these non-IIMs.
Merely cracking the CAT examination along with fulfilling eligibility criteria doesn’t assure shortlisting for any of the IIMs. Various IIMs and departments might assess the candidate on different parameters for further shortlisting.
Registration Fees for SC, ST, and PwD category candidates is Rs.1,200. While for other categories of candidates, the registration fee for CAT 2023 is Rs. 2,400. The candidate must pay the registration fees only once, not related to the number of institutes he/she is applying for. Must be noted that once the fee is paid it cannot be refunded under any circumstances.
IIM Indore offers admission primarily based on valid CAT scores. For IIM Indore admission, students first need to meet the overall CAT cut-off percentile and then the selection process that follows, which includes WAT and Personal Interview. Candidates seeking admission to the Indian Institute of Management Indore must score above 90 percentile in the CAT exam to qualify Indian Institute of Management CAT cut-off criteria. IIM Indore doesn’t release CAT cut-offs Indian Institute of Management Indore Admission in the public domain, it is exclusively accessible via account log-in to candidates who have appeared for the exam.
For IIM Indore admission the candidate must aim to score above 90 percent at least in the CAT exam to meet the Indian Institute of Management admission cut-off criteria. CAT cut-off for students from the general category hovers from 97 to 98 percentile for admission in IIM Indore.
IIM Indore is setting up new standards for Indian Institute of Management Indore admission, They have started to drastically reduce the hitherto culture of fixating on the CAT exam and focusing primarily on it for the selection of participants. They have sought to give due attention to the student’s academic performance during graduation and the X and XII percentage will also be considered. Indian Institute of Management Indore cut-off 2024 has been liberalized to encourage the students to display excellence in their graduation. The aspirants would generally focus on preparing for the CAT examination solely for qualifying the CAT cut-off criteria, at the cost of deteriorating their academic performance at the graduation level.
Aspirants seeking admission in the Fellow Programme in Management (FPM) of IIM Indore should submit their application between the period end-November to mid-February, and complete the transaction (non-refundable/non-transferable) of the application fees, i.e. INR 1000/- + GST extra for general, NC-OBC and EWS category and INR 500/- + GST extra for SC, ST and PWD category.
Candidates aspiring for IIM Indore admission to the Fellow Programme in Management (FPM) belonging to NC-OBC, SC, ST, WES, and PWD categories need to produce a valid certificate(s) in support of their reservation category. No modification in the category will be allowed after applying.
The shortlisting for the IIM Indore admission process (on the recommendation of respective areas) on the based information provided in the application form is as follows:
Only candidates who will make it past the selection criteria/ requirements mentioned in the earlier stages will be considered for the final selection. Category-wise and academic-area-wise merit list is released after their generation based on their performance in the Personal Interview(PI) and provisional admission offers will be made.
All matters concerning admission into the Fellow Program in Management at the Indian Institute of Management Indore are governed by the decisions taken by the admission committee.
A candidate can submit all the necessary online applications with all the attachments required on or before mid-February:
A candidate’s complete application should include:
IIM Indore Courses | IIM Indore Fee Structure (INR) | IIM Indore admission Eligibility Criteria |
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EFPM | 9.8 Lakhs | Intake: 20, Eligibility: Minimum 5 years of managerial/entrepreneurial/professional experience with a master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10.Selection Process: CAT/GRE/JRF/GMAT/GATE/RAT(Research Aptitude Test) + Personal Interview (PI) |
PGPM | Domestic: 21.17 Lakhs International: 30.11 Lakhs | Intake: 480, Eligibility: Bachelor’s degree with at least 50% marks or equivalent CGPASelection Process: CAT + GD/WAT + PI (Personal Interview) |
PGP-HRM | 18.42 Lakhs | Eligibility Criteria: Bachelor’s degree OR complete professional degree (CA/CS/ICWA/FIAI) with at least 50% of marksSelection Process: CAT + GD/WAT + PI (Personal Interview) |
IPM | 36.17 Lakhs | Intake: 150, Eligibility: Candidates must have passed standard XII or equivalent examination and should have passed standard X and should have been born on or after August 01, 2003, that’s mandatory.Selection Process: IPMAT Indore + Written Ability Test (WA) + Personal Interview (PI) |
FPM | Commitment Fee: 75,000 Stipend and 30,000 per month | Intake: 34, Eligibility Criteria: Master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent. Selection Process: CAT/GRE/JRF/GMAT/GATE + Personal Interview (PI) |
EPGP | 22.11 Lakhs | Intake: 57, Eligibility: 50% in a four-year bachelor’s degree in any discipline OR 50% in a three-year bachelor’s degree with 50% in a master’s degree OR 50% in a five-year integrated program along with a minimum of 5-year managerial/professional/entrepreneur experience after graduation Selection Process: GMAT + Personal Interview (PI) |
EFPMG | 9.8 Lakhs | Eligibility: Minimum 5 years of experience working as an officer with a master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent.Selection Process: RAT(Research Aptitude Test) + Personal Interview (PI) |
PGPMX | 17.6 Lakhs | Eligibility: Minimum 5 years of experience working as an officer with a master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent.Selection Process: RAT(Research Aptitude Test) + Personal Interview (PI) |
Executive Fellow Program in Management is a uniquely designed program that is offered at the Indian Institute of Management Indore, the program is a unique doctoral-level program in management for professionals who aspire to acquire a Ph.D. in management. This particular Indian Institute of Management course was an innovative introduction by the IIM Indore in 2011 to cater to the needs of the working professionals, offered by an Indian Institute of Management.
The Executive Fellow Program in Management has evolved over the years, and it has begun offering a Ph.D. degree. The program includes going under rigorous coursework and offers to pursue smart research under the guidance of some of the best researchers in the management arena at the Indian Institute of Management Indore.
Executive Fellow Program in Management's goal is to prepare candidates so that they can contribute to the field of Research, Training, and Consultation. This program intends to achieve these objectives by:
The Executive Fellow Programme in Management and Governance (EFPMG) at Indian Institute of Management Indore is a fresh program initiated in the year 2021. The unique program is designed for working senior officers in the Indian Administrative Services and Indian Armed Forces in India. This program for officers is offered by the Indian Institute of Management Indore which offers a Ph.D. degree in management. The program offers rigorous coursework which gives birth to the opportunity to excel in research under the guidance of some of the best management researchers. The program is expected to contribute greatly to the effective governance of the country, enhancing the economy and nation-building through producing excellent leaders and managers. In addition, the program will leverage the experience and capability of the country’s civil servants, Army officers, and public managers, while evolving their capabilities and making them research-oriented personalities holding the utmost influence on people.
Indian Institute of Management Indore offers EFPMG in the following areas of specialization:
The Executive Post Management Program in Management is an intensive one-year full-time residential program. The EPGP program is designed especially for professionals who aspire to broaden their knowledge and polish the skills essential for effectively and efficiently managing an organization. It is designed considering the contemporary fast-changing and growing world, the program equips its participants with relevant skills and techniques of management, which will help the participant to make lucrative choices in life and handle the organization well.
The Executive Post Management Program offered in Indian Institute of Management Indore courses is accredited by both EFMD Quality Improvement System (EQUIS) and the US-based Association to Advance Collegiate Schools of Business (AACSB). The triple crown accreditation has added a feather to the heat for the Indian Institute of Management Indore since these accreditations are held by around one percent of schools in the entire world.
Below are mentioned the main goals of the program:
The Fellow Program at the Indian Institute of Management Indore offers specialization in several areas of management. This course is a unique management program, it is highly specialized for mastering at a core level of management environment and features. The doctoral program offers both depth and breadth of knowledge to doctoral participants in management. The FPM's objective is twofold, the first is to master the relevant methodological tools of management and the other is to inform the participant about the advancements in the current management techniques and wisdom.
Fellow Program Management offers prospects of a career within academia and also outside the academic world. FPM offered by the IIM Indore is a program that gives direction to the participant through a rigorous curriculum, providing ample training for an academic career and the participants get an opportunity to make a remarkable mark on research activity in the respective doctrine field of the participant. The program does offer specialization in various areas of management.
With the evidence of the rapid expansion of management education in India, it has become a general notion for business schools to cater to the need by delivering excellent researchers and academics for the expansion and flourishment of business, economy, institutions, or companies. The Fellow Program Management at the Indian Institute of Management Indore has sought to contribute to this social need.
The Indian Institute of Management Indore awaits the aspirants with its highly enriched, professional and personal environment.
Fellow Program Management goals are:
Five-Year Integrated Program in Management (IPM)
It is a specialized program in IIM Indore courses for young students, especially those who have passed out from 12th and aspire to become successful manager or a leader. This Indian Institute of Management Course is designed to attract fresh young students and transform them into smart and professional leaders through premium education at IIM Indore.
If the students opt out of school, they can start learning at an early age, get a better idea of having a conscious behavior, and steadily transform into a manager and leader through the management education offered by this five-year Indian Institute of Management Indore Course.
The admission in this course at IIM Indore is done based on the IPMAT exam, which is accepted for admission in IPM not only at IIM Indore but also at other top B-schools across the country.
The objectives of this program are divided into two parts:
Goals for the first three years:-
The goals for the last two years:-
The Post Graduate Program in Human Resource Management (PGP-HRM) is a two-year full-time residential program designed to groom a participant into professional manager and polish their social skills. This course was inaugurated in the year 2018 at the Indian Institute of Management Indore and has gained much recognition since then.
The Post Graduate Program in Human Resource Management (PGP-HRM) objectives program are:
The mission of The Post Graduate Program in Human Resource Management (PGP-HRM) an Indian Institute of Management Indore course is designed to polish the manager’s capability to effectively utilize human resource and business issues by utilizing the advances in behavioral science, analytics, and contemporary and emerging organizational forms. The program will help the participant in the following ways:
Post Graduation Program of Management (PGP)
The PGP in Indian Institute of Management Indore courses is driven to boost the learning capacity of the participants and equip them with the skills to adapt to the national and international environment. The PGP will push the participant towards achieving excellence, it will feed the elements and factors that contribute to acquiring and maintaining high ethical standards and teach the participant how to utilize them for the best results. The participant of the post-graduation program will be sharpening his capabilities to work effectively and efficiently, both individually and in groups. The post-graduation program of management benefits the participant in the following ways:
PGP is a two-year program where each year consists of three terms. Between the first and second years, the participants spend eight weeks of summer working in a business organization which will expose them to a real-life business environment and allow them to deploy their learning in their practical life. This allows the participants to access their growth and showcase their skills in the real world before coming back to acquire yet more techniques and skills.
There is only one way to get IIM Indore admission in MBA without sitting for CAT and that is through IPMAT. The IPMAT (Integrated Program in Management Aptitude Test) allows the participant to get into a year course at IIM Indore. The IPM is a combination of two courses: the first 3 years for the BBA program and then 2 years of the MBA program.
IPMAT
IIM Indore is conducting IPMAT every year for Indian Institute of Management Indore admission to dual degree Five Year Integrated Programme in Management (BBA+MBA). It is a moderate difficulty level exam for admission in IIM Indore, IIM Ranchi, IIFT, TAPMI, and other top B-schools. After completing the 3-year bachelor’s degree, students will get promoted to an MBA program without appearing in CAT or other entrance tests.
IPMAT full form is the IPM Aptitude Test, conducted by IIM Indore for admission to the five-year Integrated Programme in Management (IPM). The score is accepted not only by the IIM Indore but also by IIM Ranchi, NALSAR, University Hyderabad, IIFT Kakinada, Nirma, and TAPMI for their other Integrated BBA+MBA degree. The IPMAT exam is designed specifically for the target candidates who have just passed their XII or are appearing in XII, however, young students who passed out standard 12th a year ago and had to take a drop for some reason are also eligible for appearing in the IPMAT examination.
Some key features of the IPMAT exam for admission at the Indian Institute of Management Indore (IIM Indore) are given below:
For admission in specialise course at IIM Indore, below are some acceptable test scores as shown in the following table.
IIM Indore Admission Eligibility Criteria | Acceptable Standard Test Score(s) |
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Communication | CAT/GRE/JRF |
Economics | CAT/ GRE/GMAT/JRF in Economics |
Finance and Accounting | CAT/ GMAT/GRE/JRF |
Humanities and Social Sciences | GRE/ JRF/ CAT/ GMAT/ GATE |
Information and Systems | GATE / GRE/ CAT/ GMAT |
Marketing Management | CAT/GATE/GRE/GMAT |
Operations Management and Quantitative Techniques | CAT/ GMAT / GATE / GRE / JRF |
Organizational Behaviour and Human Resource Management | GRE/ JRF /CAT/ GMAT |
Strategic Management | CAT/ GRE/GMAT/ JRF |
Validity for CAT and other standard tests are:
CAT – 5 years
GRE – 5 years
GMAT – 5 years
GATE – 3 years
JRF – 3 years
The government of India has provided a structure for admission reservations which says that around 27 percent of seats are reserved for other backward classes (OBC), and candidates belonging to the noncreamy layer (NC-OBC), 15% for schedule caste (SC), 7.5% for schedule drive and 5% per person with benchmark disabilities (PwD).
As per the Rights of a person with Disabilities Act, 2016 (RPwD Act 2016), a person with this benchmark disability means a person with not less than 40% of a specified disability where the specified disability has not been defined in measurable terms and includes a person with disability where specified disability has been defined in measurable terms, as specified by the certifying authority
The term specified disability means the disabilities as specified in the schedule of the REwD Act 2016, several categories of disability are:
The students who are looking forward to acquiring the reserved seat should read the reservation criteria carefully they must carefully consider the eligibility criteria before applying. It must be noted that although IIM Indore follows the reservation category as prescribed by the government, candidates belonging to the OBS/NC-OBC/SC/ST/PWD will be admitted in the proportion made mandatory by the law, never the less they will at all costs have to meet the eligibility criteria and a certain minimum level.
Candidates seeking admissions to the Fellow Programme in Management (FPM) of IIM Indore must submit their application online between the end of November to mid-February, by paying the online non‐refundable/non-transferable application fee of Rs. 1000/- {Rupees one thousand only} + GST extra for General, NC-OBC and EWS category and Rs. 500/-{Rupees five hundred only} + GST extra for SC, ST, and PWD categories.
Candidates belonging to NC, OBC, EWS, PwD SC, and ST, categories need to produce a valid certificate(s) to support their reservation category. No change in the category will be allotted after applying.
The cost of pursuing higher education from IIMs has been increasing rapidly in the past years. It is becoming very challenging for students and parents belonging to the middle and lower sections of the economy to come up with the necessary funds to fulfill the requisites to cover education expenses. Several banks and institutions offer student loans to aid such groups.
Quite a good number of Banks offer student loans to those who hold provable records of excelling in academic fields. Most banks are willing to offer an amount of INR 30 laks to cover the educational expenses of a student. However, for an IIM aspirant, this amount will not be sufficient to cover all expenses, so quite a few banks offer special loan facilities for students who have qualified for admission at IIMs.
Students who are planning to pursue their MBA degree from top IIMs in the country can get loans up to INR 1 Cr or even more, to cover their expenses and fees requirements. These funding are offered by various public banks, private banks, and NBFCs at attractive interest rates starting from 8.35%
SBI Scholar Scheme
Loan criteria | Details |
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Loan Limit | Unsecured SBI Education loan - Rs 50 lacs, Collateralized loan - Upto 100% value of the collateralA higher amount can also be offered, depending on the student’s profile |
Expenses Covered | Tuition or course fees Accommodation charges Travel Expenses Cost of instruments and study equipments Cautionary deposits Fees of Examination |
Accepted co-applicant | Parents, Parents in law, Siblings, Spouse |
SBI education loan interest rate/rate of interest | Starts from 8.35% |
Loan Margin | Accommodation charges |
Moratorium Period | Travel Expenses |
Repayment Duration | Cost of instruments and study equipments |
Repayment Policy | Cautionary deposits |
Eligibility Criteria | Fees of Examination |
Acceptable Collaterals | Parents, Parents in law, Siblings, Spouse |
Baroda scholar scheme
Loan criteria | Details |
---|---|
Repayment Policies | Student is liable to pay simple interest in the moratorium period |
Repayment Duration | 10-15 years |
Moratorium Period | Course duration + 6 months |
Loan Limit | Without collateral upto Rs 40 lacs With collateral upto Rs 80 lacs |
Expenses Covered | College tuition feesHostel and mess charges Cost of books, uniforms, and instruments Cost of ExaminationLibrary and lab fees Expense of laptop or computers if mandatory for the course |
Eligibility Criteria | Applicant must be a citizen of India If the student is an NRI, first need to be enrolled into a course in India |
Baroda Bank Education loan interest rate/rate of interest | Starts from 8.85% |
Accepted Co-applicant | Parents, Parents-in-law, Siblings, Parent’s siblings, Spouse, First cousins |
HDFC Bank Scheme
Loan criteria | Details |
---|---|
Repayment Duration | Upto 15 years |
Moratorium Period | Course duration + 1 year or 6 months after getting a job (whichever is earlier) |
Loan Limit | Without Collateral upto 50 loans With collateral as per the requirement of the applicant (flexible) |
HDFC Bank Education loan interest rate/rate of interest | In between 9-14% |
Expenses Covered | Purchase of books, instruments, uniformsTraveling cost Accommodation expenses |
Eligibility Criteria | Applicants and their co-applicants must comply with HDFC Credila's credit and underwriting standards.They must be Indian residents of age between 16 and 35 yearsStudents must be admitted into higher education institutions in India through participation in competitive exams. |
Accepted Co-applicant | Parents, Parent law, Siblings and Spouse |
Acceptable Collaterals | Property - Flat, non-agricultural land Residential Property, house Liquid securities like- Insurance Policies, HDFC Bank Fixed Deposit, Debt Mutual Funds NSC / KVP |
Ans. IIM Indore admission for PGP and PGP-HRM takes place via CAT. Hence, candidates need to visit the official website of the CAT exam to register themselves as a participant in the examination. For other courses, however, the application process takes place via the official website of IIM Indore. Candidates can visit the website of IIM Indore and can find the ‘Program’ option on the home page from the drop-down menu, click on the preferred courses, register, fill out the form pay the necessary application fee, and finish the application process.
Ans. Aside from PGP and PGP-HRM the IPM, FPM, and E-FPM admission at IIM Indore is based on merit in the last qualifying exam and performance in the course-wise entrance exam and personal interviews. As per the official website, there is no option to get direct entry into any of the undergraduate, postgraduate, or doctoral-level courses offered by the Indian Institute of Management Indore. However, students are advised to contact the admission office for any such option.
Ans. IIM Indore has organized various Need-Based Financial Assistance (NBFA) for students belonging to low family income. This scholarship is offered by the PGP executive committee and the NBFA committee in Indore. Students with a gross family income less than INR 4,50,000 in the previous year are eligible for NBFA scholarships.
At the time of IIM Indore admission or approximately during that period, the college in which the participant is admitted provides details regarding scholarship opportunities.
Ans. EPGP is a one-year postgraduate program designed for professionals who aspire to broaden their knowledge and polish the skills essential for effectively and efficiently managing an organization. Whereas, PGP is a two-year MBA program offered at IIM Indore that requires the candidates to have a valid CAT score for admission at the Indian Institute of Management Indore.
Ans. YES, IIM Indore has set a record for 100% placement in the previous years. The sophisticated teaching methods and techniques give premium education along with optimum practical experience. IIM Indore has become a must-visit option for multiple prominent companies and organizations for hiring fresh graduates. The reputation of IIM Indore has grown exponentially and the education institution continues to grow at an amazing rate.
Ans. Indian Institute of Management Indore offers a two-year full-time Post-Graduate Program (PGP) at the postgraduate level. The total available seats for this program is about 450-475, of which about 468 seats are allotted. Having received triple accreditations, there is a huge intake of participants every year for these seats. Hence it is recommended to have a thorough understanding of the syllabus and choose to invest your time wisely while preparing for CAT 2023, to make it to the prestigious IIM Indore for higher education.
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