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Indian Institute of Management, Kozhikode Scholarship

  • Kozhikode, Kerala
  • AMBA, EQUIS, AACSB
  • NIRF Ranking for Management 5


Saurav Anand
04/03/2023

The Indian Institute of Management (IIM) Kozhikode, as well as the federal, state, and municipal governments, as well as private enterprises, offer scholarships to students. The Indian Institute of Management (IIM) Kozhikode provides a total of 10 scholarships.

The CGPA will be utilized to choose the winners of these scholarships for PGPI and PGPII students based on their performance over the course of one semester at the Indian Institute of Management, (IIM) Kozhikode.

The Indian Institute of Management (IIM) Kozhikode must get financial support based on NBFA: The family's yearly gross income for the previous fiscal year may be a determining factor in an applicant's eligibility for this sort of scholarship. The maximum annual income is INR 2,00,000. The following are the scholarship's specifics:

Indian Institute of Management, Kozhikode Scholarship Details

Annual gross family income for the previous financial yearAmount of Assistance
Above INR 1, 00,000 & up to INR 1, 50,00075% of the tuition fee
Above INR 1, 50,000 & up to INR 2, 00,00050% of the tuition fee
IDFC First Bank MBA Scholarships INR 1 lakh per student per academic year
IIM Kozhikode Merit ScholarshipN.A.
 
IIM Kozhikode Need-Based Financial Assistance (NBFA) Based on Financial Scores
Less than or equal to INR 1, 00,000100% of the tuition fee
Merit Cum Means Scholarship for Professional & Technical Courses CSINR 20,000 per annum + INR 1,000 per month for 10 months (Hosteller),
INR 500 per month for 10 months (Day Scholar)
Mirae Asset Foundation (MAF) ScholarshipINR 5,00,000 per student 
Top Class Education of Students with Disabilities (SwDs)Tuition Fee and Non-Refundable Charges- Up to INR 2 lakhs p.a. +
Purchase of Computer with Accessories- INR 30,000 +
Purchase of Aids and Assistive Devices- INR 30,000 +
Maintenance Allowance for Hostellers- INR 3,000 & Day Scholars- INR 1,500 + Books & Stationery- INR 5,000 p.a.
 

A number of scholarships are available from the Indian Institute of Management, Kozhikode to students who meet specific requirements. These scholarships are provided to students so they can continue their studies without financial restrictions. To be eligible for the scholarships, candidates must fulfill the college's qualifying requirements. Below are the details about the Indian Institute of Management, Kozhikode scholarships.

Indian Institute of Management, Kozhikode Scholarships for Merit

On the basis of their performance over the course of one academic year, PGP students in their first and second years (PGP, PGPLSM, and PGP FIN) are given the Indian Institute of Management, Kozhikode Merit Scholarships. In the first and second years, there are 20 students for every scholarship that is given out.

Need-Based Financial Assistance (NBFA) at the Indian Institute of Management, Kozhikode

The Indian Institute of Management, Kozhikode’s Need-depending Financial Assistance is given to students depending on their financial standing as determined by the assessment. The Financial Aid Committee (FAC) conducts the evaluation procedure and creates the results.

Scholarship Amount at the Indian Institute of Management, Kozhikode

Income StatusScholarship Amount
>= 90100% of tuition fee
70 - 8975% of tuition fee
50 - 6950% of tuition fee

Eligibility Criteria at the Indian Institute of Management, Kozhikode

The Indian Institute of Management, Kozhikode’s NBFA courses are available to students who have a household income of INR 8 lakhs in the previous fiscal year.

Students who have obtained an education loan from a reputable commercial bank to pay for their Institute studies.

Scholarships Provided by the Central Government

  • Scheme for Top-Rated Education for SC Students

The Ministry of Social Justice & Empowerment, Government of India, provides scholarships to SC students. It is given in accordance with their parents' annual income from the preceding fiscal year.

The upper-income threshold is INR 8,00,000/-. Under the Indian Institution of Management, Kozhikode Scholarships program, students can receive one of a total of ten scholarships.

  • National Fellowship and Scholarship for ST Students' Higher Education

The Ministry of Tribal Affairs, Government of India, awards scholarships to ST students. It is given depending on the total yearly parental income for the prior fiscal year.

The upper-income threshold is INR 6,00,000/-. There is no cap on the number of slots per institution, state, or stream.

  • Scholarships for Professional and Technical Courses upon Merit Cum CS

This means by Merit Cum Minority students studying technical and professional courses at the UG or PG level are eligible for scholarships under the Indian Institute of Management, Kozhikode Scholarships.

Eligibility

Students must be members of one of the minority groups, which include Muslims, Sikhs, Christians, Buddhists, Jains, and Parsis/Zoroastrians, and must have earned at least 50% on their last final exam or an equal grade. Less than INR 2.50 lakhs in total annual family income is required for students.

ParticularsScholarship Amount
Course FeeINR 20,000 p.a. subject to actual whichever is less (for both Hostellers and Day Scholars)
Maintenance Allowance INR 1,000 per month for 10 months (Hosteller), INR 500 per month for 10 months (Day Scholar)

Scholarships for Students with Disabilities (SwDs) pursuing Top-Notch Education

The Department of Empowerment of Persons with Disabilities, Government of India, established Scholarships for Top-Class Education for Students with Disabilities. Students studying UG/PG/Diploma-level courses are given financial help through this award.

Students enrolled at recognized institutes of excellence in education at the undergraduate, graduate, or diploma level who have a disability of at least 40% and a current disability certificate are eligible. A family's total yearly income should be less than INR 6 lakh for students.

Scholarship Seats at the Indian Institution of Management, Kozhikode

Under the Indian Institution of Management, Kozhikode Scholarships-Top Class Education of Students with Disabilities, 300 scholarships are given.

ParticularsScholarship Amount
Tuition Fee and Non-refundable Charges Payable to the InstituteUp to INR 2 lakh per annum (subject to actual amount)
Purchase of a Computer with AccessoriesINR 30,000 (one-time grant)
Purchase of Aids and Assistive DevicesINR 30,000 (one-time grant)
Maintenance Allowance INR 3,000 p.m. (Hostellers), INR 1,500 p.m. (Day-Scholar)
Books and StationeryINR 5,000 p.a.
Special Allowances (related to types of disabilities like reader allowance, helper allowance, etc.)INR 2,000 p.m.

Scholarships Provided by the State Government

  • Rajarshee Shahu Maharaj Scholarship for Merit

Offered by the Maharashtra government to Maratha students who are residents of Maharashtra state or who come from communities that border Maharashtra and Karnataka. The applicant's total family income should not be more than INR 8,00,000 per year.

  • Scholarship Programme for the Tamil Nadu Government

Offered by the Tamil Nadu government to local students from BC, MBC, and DNC groups. The highest permitted revenue is INR 2,00,000.

Scholarships Provided by Private Institutions

  • MBA Scholarship from IDFC First Bank

This scholarship is open to students who are admitted on the basis of merit to B-schools and have a household income of less than INR 6 lakhs per year. Students enrolled in full-time 2-year MBA programs who are Indian residents and in their first year of study are eligible to apply. Each student will receive INR one lakh in scholarships each academic year.

  • Scholarship from the Mirae Asset Foundation (MAF)

Awarded to deserving and needy PGP first- and second-year students with household incomes under INR 8 lakhs. Based on interviews conducted for shortlisted students by MAF, the scholarship amount is INR 5,00,000 per student.

  • Aditya Birla Group Scholarships

The top 20 first-year students are chosen using the Aditya Birla Group's established criteria. The Aditya Birla Group administers a written test and conducts an interview before awarding the scholarship. If recipients are among the top 25 students according to first-year CGPA, they may continue earning scholarship amounts in the second year. Each student receives a grant worth INR 1,75,000.

Engineering and Management Scholarship for OP Jindal (OPJEMS)

The top 10 PGP students from the first and second years are eligible to apply for this award (students will be chosen based on the standards established by OP Jindal). Each student receives a scholarship worth INR 1,50,000 each year.

Indian Institute of Management, Kozhikode Scholarship: Eligibility Criteria

The following list contains the requirements for obtaining MBA scholarships from the Indian Institution of Management, Kozhikode.

  • The outcomes of the written test that the MBA institution administered.
  • The outcomes of the GD/PI interviews that were performed as part of the hiring process.
  • Scholarship awardees were chosen based on state rankings and merit.
  • Employment background.
  • Applicants for the Sports Scholarship must have competed in sports at the national level for their country.
  • The MBA College's current academic year's academic achievements include those of its top students.
  • Candidates who are physically disabled, SC, or ST are eligible for the scholarship.

The quantity and distribution of awards are decided by the Financial Aid Committee in two steps. Students are given a financial status score in the first stage based on four variables: yearly gross household income, family savings, real estate assets, and other assets. This figure includes the student's income if they were employed before enrolling in the Indian Institution of Management, Kozhikode as well as any outstanding loans, if any. Based on this score, a faculty panel contacts some of the students for a face-to-face encounter. The financial need of the applicant is evaluated during these conversations by faculty panels, who also check the veracity of the applicant's information and assign a financial need score.

Factors impacting the India Institute of Management, Kozhikode's MBA starting salary.

  • Specificity

When it comes to the India Institute of Management, Kozhikode, an MBA student can choose from a number of specializations. However, several industries, including consulting, sales & and marketing, and international business, provide greater compensation packages. According to placement statistics for 2020–2021, Consulting Management has attracted the most CTCs in the India Institute of Management, Kozhikode’s MBA programs, followed by Finance.

  • Experience at Work

Candidates who already had a job before enrolling in the India Institute of Management, Kozhikode’s MBA program have an advantage throughout the hiring process. The yearly salary package fluctuates, with the more experienced applicants earning more, and the recruiters always favor experienced candidates in the same profile if you group experienced and inexperienced workers together as a talent pool.

  • India Institute of Management, Kozhikode is one of the top B-Schools.

One of the key elements that determine an applicant's annual wage package in the India Institute of Management, Kozhikode is the institution from which they received their degree. INR 8 to 28 LPA is the typical remuneration range for the India Institute of Management, Kozhikode.

  • Geographical Location

The India Institute of Management, Kozhikode, has a geographical presence which has a big influence on income in addition to the obvious things like specializations and business schools. The offer is determined by the organization's location, which also takes into consideration variables like the cost of living and market rates. In the cities of Bangalore, Delhi, and Mumbai, for example, the package is substantially greater.

Frequently Asked Questions about Indian Institute of Management, Kozhikode Scholarship

Q. Does IIM Kozhikode provide its students with need-based scholarships?

Ans. According to the requirements established by the institution, the Indian Institution of Management, Kozhikode offers needy students NBFA or need-based financial assistance.

Q. Does the Indian Institution of Management, Kozhikode provide its students with merit-based scholarships?

Ans. Yes, the Indian Institution of Management, Kozhikode offers merit-based scholarships to its students who succeed in their academic performance in the first and second years as well as other requirements set by the organization.

Q. What organizations at the Indian Institution of Management, Kozhikode provide scholarships?

Ans. The programs offered by the Indian Institution of Management, Kozhikode the Central Government, the State Government, and private organizations are the sources of scholarships at the Indian Institution of Management, Kozhikode.

Q. How many Top-Class Education of SC Students scholarships are offered for the Indian Institution of Management, Kozhikode students?

Ans. The Indian Institution of Management, Kozhikode students may apply for a total of 10 scholarships under the Top-Class Education for SC students program.

Q. Does the Indian Institution of Management, Kozhikode provide scholarships from private firms as well?

Ans. A number of private organizations provide financial aid to the Indian Institution of Management, Kozhikode students. To mention a few, there are scholarships from the Aditya Birla Group, the Mirae Asset Foundation (MAF), the IDFC First Bank MBA Scholarship, and the O P Jindal Engineering and Management Scholarship (OPJEMS).

Q. Are there any state-level scholarships available to the Indian Institution of Management, Kozhikode students?

Ans. State-level awards include the Rajarshee Shahu Maharaj Merit Scholarship for students in Maharashtra and the Scholarship Scheme for students in the Tamil Nadu government.

Q. What is the provision of scholarship at the Indian Institute of Management, Kozhikode?

Ans. The two-year PGDM program costs around 20.6 lacs in total, which includes the cost of the dormitory. Due to the college's repute, students may readily obtain loans and financing from the majority of banks and organizations. The student has the option of accepting any related government scholarships.  Candidates can visit the official website to view the most recent fee updates. Student loans are widely accessible from any bank to students. The course consists of 6 semesters, with fees due at the beginning of each one. Numerous scholarships are also offered based on factors like family income and other requirements.

Q. What is the overall experience of studying at the Indian Institute of Management, Kozhikode?

Ans. Campus Life: Social life on campus is excellent. The first three months are highly busy, with interviews to be chosen for various groups, Roobaro, and Clash of the Titans, as well as preparation for a summer internship, case studies, and independent course work. It is therefore quite frantic at initially, but after the initial three months, which culminate with a summer internship, things grow considerably simpler. But even after that, events like the Blackwater Festival and other cultural committees and sports festivals take place. Thus, the college is quite active throughout the year.

Hostel amenities: There are no additional expenses for the hostel at the college. The cost of housing is already figured into the course price. Since it is a residential program, living off-campus is not an option. The hostel amenities are excellent. One does not need to bother about cleaning the room because someone comes to do it every day. Mess cuisine is standard. However, the college has a number of kiosks and a restaurant. As a result, there is enough diversity at the college, and one should not worry about food in the traditional sense.

Interview Experience: Group Discussion is not conducted at the Indian Institution of Management, Kozhikode. The college did, however, take the written test and the personal interview. The written test was divided into two parts: the Written Ability Test (WAT) and another written section. Cybersecurity was the subject of the first essay, while the second portion of the test asked, "Have you ever demonstrated any leadership qualities? Please briefly explain." The essay portion was required of everyone, while the second portion was only open to those with prior experience. Applicants would benefit if they already took additional coaching alongside the normal newspaper reading and YouTube video viewing. YouTube videos mostly included current affairs videos and videos from different CAT coaching centers.

Provisions for loans and scholarships: The fees are broken down into three trimesters. It implies that you must submit fees three times a year. It covers tuition fees as well as separate from tuition fees mess fees. Per trimester, mess costs are Rs 25,000. Additionally, there are other scholarships available for students who completed their prior studies in different states as well as scholarships based on merit, financial need, and other factors. Additionally, because the loan is readily available at lower rates, one should not worry about expenses. The average CTC at the college is roughly Rs 22 Lakhs, and placement rates are 100%. The company's website also provides access to the placement report.

Placement Experience: Final placements take place at the conclusion of the fifth term, at the end of December, or at the beginning of January in the second year of college. The placement season did, however, start a bit later in the previous years because of the pandemic, occurring in the first week of February 2019. The highest package, which is a yearly CTC, may go up to Rs 55 lakhs, while the average is about Rs 22 lakhs. Since it is a prestigious institute, 100% of the students participate in the hiring process.

Opportunities for Internships: Every student is required to complete a summer internship, which they get via the Indian Institution of Management, Kozhikode’s summer placement season. Businesses from a variety of industries, such as FMCG, banking and finance, operations, marketing, consulting, and analytics, visit the college.

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