The cost of MBA programs at the nation's top B-schools and IIMs is high given the high standard of instruction provided there. All IIMs and top management institutions provide various forms of financial aid to students, acknowledging the difficulties that those from economically disadvantaged backgrounds may face.
Excellent academic performers who come from families with low annual earnings frequently receive financial aid for their studies at these prestigious institutions. Additionally, these institutions support a number of scholarship programs that both the state and federal governments grant to deserving applicants who meet the eligibility requirements. For MBA students from backgrounds with little financial resources, the IIM Kashipur Scholarships runs a need-based financial assistance program. The institution chooses the number of students to take into account for financial aid based on their gross yearly family income, creditworthiness, student assets, and general suitability.
After the IIM Kashipur admissions process is complete, students will be informed of the facts regarding IIM Kashipur scholarships and financial aid. The institute offers an admission range of 264–320 for the MBA program and 80–160 for the MBA (Analytics) program. The total cost of the program is INR 17,30,000. IIM Kashipur scholarships can help MBA students who have strong academic records but tight budgets, and the institution also provides need-based financial assistance to qualified students. The institute supports students in obtaining educational loans from banks during admission in addition to IIM Kashipur scholarships and other financial aid provided by the federal or state government.
The types of IIM Kashipur scholarships include
Below is detailed information on IIM Kashipur scholarships;
Name of IIM Kashipur Scholarships | Amount of IIM Kashipur Scholarships |
---|---|
Central Sector Education Scholarship Scheme for SC Students | N.A. |
National Fellowship and Scholarship for ST Students Pursuing Higher Education | INR 31,000 |
Minority Communities have a merit-based scholarship program | INR 20,000 |
Need cum Merit-Based Financial Assistance | Tuition Fee Exemption |
Fellowships for Ph.D. students | INR 30,000 - INR 35,000 + INR 1,25,000 (Contingency grant)+ INR 3,00,000 (Conference grant) |
MBA
17.3 Lakhs
IIM Kashipur Scholarships provide Need-Based Merit-Based Financial Assistance students to deserving students in their first and second years of study pursuing degree programs such as MBA.
Aside from the IIM Kashipur Scholarships of Need and Merit-Based financial support, IIM Kashipur also offers Need and Merit-Based Scholarships for MBA Analytics students.
The most popular IIM Kashipur scholarship among MBA students is the need cum based Financial Assistance scheme. This financial help is frequently given to deserving students from low-income families. Students will be asked to submit details to check their eligibility for this scheme at the time of admission, and help will be granted only to the selected students after confirming their eligibility.
In addition, the organization administers a number of scholarship programs sponsored by the federal and provincial governments.
Selection Basis | No. of Candidates Selected |
---|---|
On the basis of Merit | 3 |
On the basis of Need | 10 |
On the basis of Need cum Merit | 10 |
Total | 23 |
The following steps detail the general division of 23 students from each year and the reason for giving IIM Kashipur scholarships.
1. Tuition expenses are waived in full for up to 23 students from the first-year batch and 23 students from the second-year batch at IIM Kashipur. As a result, up to 46 first and second-year students can receive a full tuition waiver in an academic year.
As a result, up to 46 students in their first and second years can receive a full tuition waiver in an academic year.
2. Students with a gross family income of less than INR 5,00,000 are eligible for need and merit-based scholarships at IIM Kashipur.
Ph.D. students are eligible for special fellowship payments ranging from INR 30,000/- to INR 35,000/- per month. Students are also awarded a contingency payment of INR 1.25 lacs and a conference grant of INR 3 lacs.
Type of Allowance | Amount (in INR) |
---|---|
Conference Grant | 3,00,000 |
Contingency Grant | 1,25,000 |
Fellowship | 30,000 - 35,000 |
Aside from the Need Cum Merit-Based Financial Assistance Scheme granted through IIM Kashipur scholarships, the institute actively facilitates many scholarships offered by the Government of India for students who fall under reserved categories (Scheduled Caste / Scheduled Tribe / People with Disabilities).
IIM Kashipur Scholarships from the government of India are available in three categories. Each IIM Kashipur scholarship has its own set of qualifying requirements that applicants must complete in order to be considered.
Examine each of the mentioned IIM Kashipur scholarships granted by the Government of India in depth.
National Fellowship and Scholarship for Scheduled Tribe Students' Higher Education (Central Sector Scheme): Eligibility and Duration of the IIM Kashipur Scholarship for M.Phil. and Ph.D.
Course | Eligibility | Duration |
---|---|---|
Ph.D. | Qualification: Minimum 55% marks at the final examination at the post-graduate level from a recognized university. Income Criteria: There are no income criteria for the eligible students under the National Fellowship and Scholarship. Age Limit: The maximum age limit for eligibility is 36 years, as of the first day of July in the year when the scholarship is awarded. | 5 years or the date of submission of the dissertation, whichever is earlier. |
M.Phil. | 2 years or the date of submission of the dissertation, whichever is earlier. | |
M.Phil. + Ph.D. | A total of 5 years or the date of submission of the dissertation, whichever is earlier. |
The National Fellowship and Scholarship program reimburses program fees and other expenses. The compensation amount for each course and stream is listed below;
Amount of Reimbursement in National Fellowship & Scholarship:
Course | Stream | Contingency Annually | Scholarship |
---|---|---|---|
Ph. D | Humanities and Social Sciences | INR 20,500 | INR 31,000 for the first two years and INR 35000 for the remaining 3 years |
Science / Engineering Technology | INR 25,000 | ||
M.Phil. | Humanities and Social Sciences | INR 10,000 | INR 31000 |
Science / Engineering Technology | INR 12,000 | ||
Escort Allowance for Divyangjan (monthly): INR 2000 (at par with UGC rates) | |||
HRA for all the courses (monthly): Equal to UGC rates (8%/16%/24% based on the city) |
What documents are necessary for the IIM Kashipur scholarship application process? The following documents are required for the application:
The IIM Kashipur Scholarship Amount Under the Central Sector Scheme:
Qualification Level | Scholarship Amount |
---|---|
Post Graduation level | INR 20,000 per year |
Graduation level- for the first 3 years | INR 12,000 per year |
Integrated courses (in 4th and 5th years) | INR 20,000 per year |
The Merit Cum Means Scholarship for Professional and Technical Courses only gives assistance to deserving students from minority populations who have modest annual family incomes. The award has been carefully designed to support students pursuing professional and technical degrees.
The amount available under the Merit Cum Means Scholarship
Particulars | IIM Kashipur Scholarship Amount |
---|---|
Maintenance Allowance | INR 1,000 monthly for students residing in hostels and INR 500 monthly for day scholars (for 10 months). |
Course Fee | INR 20,000 per year subject to actuals whichever is less, (for both Hosteller & Day-Scholar). |
There are two types of education loans: secured and unsecured loans. Taking out an education loan without collateral falls under the category of unsecured loans, in which the borrower is not obliged to pledge anything. While collateral is required for certain amounts of loans, such as those over INR 10 lakh, other banks base their collateral requirements on the borrower's income. While this is correct, institutions like the State Bank of India offer collateral-free education loans. This is for students who have been accepted to elite business schools. Students are finding it difficult to apply to their dream college following a 5% hike in IIM fees. However, with education loans, particularly those without collateral, funding management courses at IIM becomes accessible.
Benefits and Characteristics of an IIM Education Loan
IIM students can apply for and receive education loans of up to INR 30 lakhs. IIM loans are also collateral-free, while parents of students are urged to act as co-borrowers. Aside from these obvious advantages, students may also profit from the following.
Now that we understand the characteristics of an IIM education loan, what are the banks and their interest rates, as well as other factors? Examine the table below.
Name of Bank/Loan | Maximum Amount | Rate of Interest | Security | Repayment Period |
---|---|---|---|---|
Baroda Scholars Scheme | INR 80 lakh | 8.885% | Co-borrowers (parents or guardians) | 10 to 15 years |
SBI’s Scholar Loan | INR 40 lakh | Up to 10.2% | Co-borrowers (parents or guardians) | 15 years |
Super Premier Educational Loan Scheme (UCO Bank) | INR 30 lakh | 8.40% | - | 15 years |
Special Education Loan Scheme(Union Bank) | INR 30 lakh | 8.10% | Co-borrowers (parents or guardians) | 15 years |
OBC Customized Education Loan Scheme IIMs | INR 15 lakh | Up to 10.5% | Co-borrowers (parents or guardians) | 10 years for Up to INR 7.5 lakh 15 years for a sum above INR 7.5 lakh |
As previously said, SBI is one of the top banks that offers education loans for IIM without collateral to students who have been admitted to IIM. An education debt of less than INR 40 lakh (the maximum amount) is not required for category AA universities. Aside from that, for type A and type B universities, a co-borrower is required for loans above INR 20 lakh. The maximum loan amount for type C universities is INR 30 lakh, although an education loan without collateral is available for amounts less than INR 7.5 lakh.
SBI education loan for IIM without collateral has several notable characteristics, including no processing costs!
The eligibility conditions vary for each bank, however the minimal minimum requirements are listed here.
Things to Think About Before Getting an IIM Education Loan
Finally, if you decide to take out an education loan for IIM, examine the following procedures first.
A job can provide you with a feeling of purpose by providing you with daily goals to strive for and a source of cash to support you financially. Even if you change occupations later, it can help you gain information and experience that will aid you in the future. Working has various advantages. Some people appreciate their work because they are able to help others with their valuable skills or expertise. A consistent income may also allow you to take time off from work to vacation, visit friends, or attend events.
The placement report for 2023 is now available on the official IIM Kashipur website. The placement record includes information about the students who were placed in 2023, as well as the placement package for IIM Kashipur in 2023.
In 2022, the highest pay offered by IIM Kashipur was Rs 28.02 LPA. The average package, on the other hand, was Rs 15.21 LPA. In 2022, more than 150 companies offered 365 seats at the IIM Kashipur placements.
The IIM Kashipur placement statistics for 2023 and 2022 are shown in the table below:
Particulars | Placements Statistics (2020-22) | Placements Statistics (2021-2023) |
---|---|---|
Medium package | INR 14.82 LPA | INR 17.2 LPA |
Average package | INR 15.21 LPA | INR 18.1 LPA |
Highest package | INR 28.82 LPA | INR 37 LPA(domestic)USD 39, 240 per annum(international) |
Top recruiters | Byjus, KPMG, RBL Bank, Morgan Stanley, Adani Wilmar, Deloitte USI, | Cognizant, Amazon, Axis Bank, Capgemini, ICICI Bank, Gartner, E&Y, ICICI Bank |
Total Students | 322 | 324 |
No. of offers made | 365 | 340(319 accepted) |
No. of Students placed | NA | 319(5 students didn’t participate) |
No. of companies visited | 150+ | 187 |
Placement rate | NA | 100% |
In 2011, the Indian Institute of Management Kashipur, a brand-new IIM, opened its doors. MBA, Executive MBA, and PhD programs are available at IIM Kashipur. Admission to IIM Kashipur is INR 17.30 Lakhs for classes 2023 to 25, with the class of 2023 earning an average salary of INR 18.1 LPA.
IIM Kashipur Fees tables are given:
Particulars | Fee Structure |
---|---|
Boys Hostel | 1,56,000 per year |
Girls Hostel | 1,56,000 per year |
Mediclaim - Non-Refundable | 2,000 per year |
Mediclaim - Refundable | 4,000 in 1st-year |
Ph.D. | - |
MBA | 17.30 Lakhs Accommodation: 52,000 per Term |
MBA(Analytics) | 18 Lakhs |
EMBA | 12 Lakhs |
EMBA(Analytics) | 12.20 Lakhs |
IIM Kashipur has reduced its entrance requirements for 2023. Only candidates with a positive (greater than zero) raw score on each of the CAT-2022 parts, as well as scores over the minimal cutoffs in sectional percentile rankings and total percentile rank, are considered for shortlisting.
For the General category, the IIM Kashipur cut-off percentile for MBA admission for the 2022-25 batch is expected to be 92 percent. A 54 percentile for Scheduled Caste applicants and a 74 percentile for OBC candidates is expected. The expected percentile for students in the DAP category and Scheduled Tribes is 40. The EWS cutoff at IIM Kashipur is expected to be about 70%. For the benefit of prospective applicants, the CAT cut-off for each category is listed below.
Students should understand the IIM Kashipur cut-off as only an estimate provided by IIM Kashipur in their official MBA guidebook. The figures may change after the CAT 2022 results are released in January 2022.
The following IIM Kashipur cut-offs are necessary to be eligible for the PI round to IIM Kashipur Admission for the MBA program:
Category | IIM Kashipur cut-off for DILR | IIM Kashipur cut-off for VARC | IIM Kashipur cut-off for QA | IIM Kashipur cut-off - OverallCAT Percentile |
---|---|---|---|---|
General | 70 | 70 | 70 | 92 |
EWS | 40 | 40 | 40 | 70 |
NC-OBC | 45 | 45 | 45 | 74 |
SC | 35 | 35 | 35 | 54 |
ST | 32 | 25 | 32.5 | 40 |
DAP | 32 | 25 | 32.5 | 40 |
For admission, IIM Kashipur accepts both sectional and total cutoffs. The expected cutoff for general category students at IIM Kashipur in 2023 is 94 to 95 percentile. The table below shows the minimal prescribed cutoffs for preparing the IIM Kashipur shortlist:
Category | IIM Kashipur cut-off for DILR | IIM Kashipur cut-off for VARC | IIM Kashipur cut-off for QA | IIM Kashipur cut-off - OverallCAT Percentile |
---|---|---|---|---|
General | 70 | 70 | 70 | 92 |
EWS | 50 | 50 | 50 | 70 |
NC-OBC | 50 | 50 | 50 | 74 |
SC | 35 | 35 | 35 | 54 |
ST | 27 | 27 | 27 | 40 |
DAP | 27 | 27 | 27 | 40 |
Particulars | Fee Structure |
Boys Hostel | INR 1,56,000 per year |
Girls Hostel | INR 1,56,000 per year |
Mediclaim - Non-Refundable | INR 2,000 per year |
Mediclaim - Refundable | INR 4,000 in 1st-year |
If candidates want to know more about IIM Kashipur admission fees course for anything they can go to their official portrait which is given below:
Official Website- https://www.iimkashipur.ac.in/
During the IIM Kashipur MBA placements 2023, the placement rate was 100%. Furthermore, during IIM Kashipur MBA placements 2023, the highest foreign and domestic package offered was USD 39,240 per year and INR 37 LPA, respectively. Furthermore, the average package offered during the IIM Kashipur MBA placements 2023 was INR 18.1 LPA.
During the IIM Kashipur MBA summer placements for the 2022-24 batch, 92 companies visited the campus and 299 offers were accepted. Furthermore, during the IIM Kashipur MBA summer placements for the batch of 2022-24, the top recruiters included EY, L&T, and Accenture. Previously, the maximum and average stipends granted during IIM Kashipur MBA summer placements for the 2021-23 batch were INR 3,50,000 and INR 80,764, respectively. Furthermore, 433 offers were made during the IIM Kashipur MBA summer placements for the 2021-23 batch.
Particulars | Placements Statistics (2020-22) | Placements Statistics (2021-2023) |
---|---|---|
Medium package | INR 14.82 LPA | INR 17.2 LPA |
Average package | INR 15.21 LPA | INR 18.1 LPA |
Highest package | INR 28.82 LPA | INR 37 LPA(domestic)USD 39, 240 per annum(international) |
Top recruiters | Byjus, KPMG, RBL Bank, Morgan Stanley, Adani Wilmar, Deloitte USI, | Cognizant, Amazon, Axis Bank, Capgemini, ICICI Bank, Gartner, E&Y, ICICI Bank |
Total Students | 322 | 324 |
No. of offers made | 365 | 340(319 accepted) |
No. of Students placed | NA | 319(5 students didn’t participate) |
No. of companies visited | 150+ | 187 |
Placement rate | NA | 100% |
Ans. Yes, scholarships for the MBA in Risk Management program at IIM Bangalore are awarded depending on a student's financial need and academic performance. Scholarships are available, including the Aditya Birla Scholarship, the OP Jindal Engineering and Management Scholarships, and others.
Ans. The Ministry of Social Justice and Empowerment Scholarship: This is for deserving SC students and will cover their entire study fees at IIM B.
The Aditya Birla Scholarship is another merit-based prize given to the top 25% of IIM students from the same batch.
Ans. 100% Summer Placement At IIM Kashipur, Rs 3.3 Lakh Highest Stipend Offered-NDTV Education Press Release
Ans. CAT percentile of 90 or higher: INR 50,000 in scholarships per semester. INR 40,000 per semester scholarship for CAT percentiles between 80 and 80.99.
Ans. Every year, between 1.5 and 2 lakh students take the CAT. IIM costs range from INR 13 lakhs to INR 25 lakhs, which appears to be a bit pricy for most individuals but is justified by the information, exposure, and placement opportunities provided by the institutes.
Ans. Not in every IIM, but in Calcutta, Bangalore, and all the minor IIMs that accept students with a graduation grade point average of 50 to 60%. These students were admitted to these top B-schools based on their CAT scores and interviews.
Ans. To get into any IIM or top MBA schools in India, the minimum CAT cut off is 90%. Every year, IIMs such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, and IIM Kozhikode have higher CAT cut-offs (99+ percentile).
Ans. Although IIMs are government institutions, the majority of IIMs are self-sufficient and do not rely on government financing. As a result, in order to attract quality teachers, they must charge a greater fee. Furthermore, no student has ever dropped out of an IIM due to financial constraints.
Ans. It is one of the greatest MBA programs, and it has been ranked fourth in management by Nirf since 2016. If I talk about internships, IIM Kashipur has a very good internship program. Every year, many firms come to our campus for internships.
Ans. IIM Kashipur has developed three Centers of Excellence, which are intended to serve as a crossroads for scholarship, education, training, research, and consulting, bringing cutting-edge multidisciplinary approaches to the service of students, government, and commercial enterprises.
Ans. Final Placements at IIM Kashipur in 2023: The highest salary is 37 lakhs, and the lowest is 10 lakhs. In 2023, the top pay at IIM Kashipur would be INR 37 lakhs, an increase of more than 28% over last year.
Ans. INR 37 LPA
100% of candidates were placed during the 2023 IIM Kashipur Placements. 187 Recruiters made a total of 340 offers. IIM Kashipur's highest package climbed by 28% to INR 37 LPA, while the average package increased by 19% to INR 18.11 LPA.
Ans. If you can get into any of the IIMs, your beginning salary will be more than 15 lacs per year! However, if you do it from a B-level college such as BIMTECH, LBS, etc., it would cost you between 8 and 10 lacs per year. So your income is determined by your college of choice, not only the CAT.
Ans. It is a good opportunity for a candidate in their final year of graduation to prepare for the CAT alongside their final year. Students in BTech, BSc, and BCom can prepare better because certain of their course courses, such as Math, enable them to prepare easily for Quantitative Ability.
Ans. To achieve this goal, you must work effectively, tactically, and persistently. As most CAT toppers have stated, self-preparation remains the most important aspect. A thorough preparation is more than enough to pass the CAT.
Ans. IIM Kashipur Hostels are noted for its beautiful setting in Uttarakhand and offer a variety of amenities such as sports, a gymnasium, a mess, a cafeteria, and a library. IIM Kashipur Hostel Fees are INR 52,000 per term, or INR 1,56,000 per year for MBA programs (boys and girls).
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