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Can a person graduating from IIMs like LIK and even the new IIMs like Ranchi and Trichy ever catch up to the graduates from ABC and get a similar package?
- Students who have graduated from IIM LIK can catch up to IIM ABC relatively easily or may end up at the same level by the end of their postgraduate program. IIM Trichy will eventually catch up with IIM LIK, though it may take around 5 years. IIM Ranchi, on the other hand, will take longer to reach the same level.
- IIM LIK catching up with IIM ABC may take 3-8 years. With the presence of good FMCG/Consulting/Financial Services Companies, a jump or two could bring them to the same level. IIM Trichy and Ranchi will take a very long time to catch up with IIM ABC in this category.
- The top 10% of students from IIM LIK and IIM ABC evolved as toppers after at least 18 months of hard work. There will be a significant difference between anyone in this category, regardless of whether they are from IIM ABC or LIK. While there may be a difference in starting packages due to the reputation of the institute, it will be made up for in subsequent years. It is not clear how long it will take for students from IIM Trichy or Ranchi to reach this level.
What subjects should I choose in 11th if I want to do the IPM course in IIM Indore?
It should be Physics-chemistry-Maths-Computers if one wants to maximize their chances of selection and perform well in IPM.
Reasons:
The IPMAT has nearly IITJEE-level maths. The IPMAT consists of two sections: maths (quantitative aptitude and data interpretation, reasoning).
The first three years of IPM require at least nine courses in maths and statistics. Differential Calculus, Integral Calculus, Probability, Sampling Distribution & Statistical Inference, Linear Programming, Numerical Analysis, Optimisation, and other subjects are covered.
Furthermore, other computer-related courses are required. Object Oriented Design, Programming and JAVA, Data Analytics, Data Structure, C, Algorithms, DBMS, Web Development, and so on.
While there are ten courses linked to economics, practically all of them take a more mathematical approach. Except for 5-6 sessions out of 200, classes 11-12, economics is not particularly useful for those.
Why the commerce stream is ineffective - There is only one accounting course. Some management fundamentals and business law courses. While an accounting course may be preferable, I doubt it is difficult to learn. None of those other topics are covered in Commerce 11-12.
PCMC is typically present in 60% of the batch. Only 5% of 11-12 grade students have no math skills, owing to several diversity policies and affirmative actions. This track also aids in hedging one's prospects of admission to other institutions, including BITS Pilani's UG and integrated programs, IISER, ISI, and IITs.
While commerce in 11-12 assists in BBA, IPM is not the same as BBA+MBA, therefore please do not mistake it for that widespread and incorrect misconception.
P.S. - If you are weak in maths or dislike maths, you should avoid IPM at IIM Indore. Other IPMs and a variety of other institutes would be a better fit for you.
How tough is it to get into IIM Indore as I am preparing for IPM?
If you want to decide the toughness on the basis of the availability of seats then yes, it indeed is tough to get into IIM Indore. The seats available for the IPM program are 150. So the competition is pretty tough.
But in reality, the majority of the students just are writing the exam casually. Some students even give up after looking at the test structure, difficulty, and other confidence issues. So the ones who are serious about and have seriously prepared for the exam are competing with a much lesser number of students.
IIM Indore makes around 800–850 calls for an interview for IPM, which means one of every 6 good candidates gets a call for an interview. Around the top 180 students get a final offer (main list + waiting list).
So probability-wise you have a good chance of making it into IIM Indore provided that you are self-motivated and well-prepared.
Is there NRI sponsored quota for IPM in IIM Indore?
For the Integrated Program in Management (IPM) program in IIM Indore, there are a total of five seats for international or foreign applicants. This can also include NRIs.
The applicants who will not be in India when the aptitude test will be conducted will be called ‘International Applicants’. They will be so-called under the provision of the Supernumerary Quota.
The performances of the applicants in the SATs will determine their selection. In addition to the SAT, their prowess will be tested in the Written Ability Test or WAT followed by the Personal Interview Round (PI). If a candidate fails to appear in the WAT and PI then he/she will not be taken into consideration for selection.
I am so confused about the IPM program offered by IIM Indore. Is it good? What are the perks of being an IIM Indore graduate.
If you want to work in the management field and pursue a career in management, the IPM program is a fantastic choice for you. IIM Indore was the pioneer of this course which is now being provided by many other IIMs like IIM Bodh Gaya, IIM Rohtak etc. The Integrated Programme in Management (IPM) offered by IIM Indore is a unique and highly regarded program in India that is designed for students who have just completed their 12th standard (or equivalent) and want to pursue a career in management. It is a 5-year program that will provide you with undergraduate and postgraduate degrees.
Apart from the prestigious tag, there are many perks that come with it. The institute has a strong alumni network, which can be a valuable resource for networking and career opportunities. The institute's placement record is also excellent, with many leading companies visiting the campus for recruitment. Additionally, IIM Indore has a strong research focus, and students can participate in various research projects and conferences. So, do not bother much and join IIM-Indore without a doubt, if you have cleared IPMAT and have a call from there. Hope it helps, All the best buddy!
Should I join IIM Indore as a fresher or give a second CAT attempt to convert IIM ABC?
The decision depends on many factors because CAT is a highly competitive exam that requires dedicated preparation. If you think you can manage your CAT preparation along with your job, you can give yourself a second chance while getting familiar with some of the courses that are going to come up in the PGP program. You should use this time to upskill yourself in your field of interest.
ABC is also a bigger brand than IIM Indore, but ultimately, it's the skills that matter in the long run. The PGP program will be rigorous, and you should be mentally prepared to handle it. Additionally, there are no guarantees in life or in CAT, and the selection process involves an element of luck, with the interview round being extremely subjective. I suggest having an honest discussion with yourself and weighing all your options before making a decision.
Which one is better for keeping further studies as an option, an IPM at IIM Indore or a B.Stat at ISI?
Both the above-mentioned options are excellent to be considered. The IIMs prepares you to manage people and processes, whereas the ISI prepares you to be excellent quants.
Many IIM graduates work as quantitative analysts, they get the highest-paying jobs. If the ISI course is more appropriate, you could take the Bachelor of Statistics course. Quantitative analysts, on the other hand, tend to wear out soon, due to heavy workload.
An IIM education provides you with a broad perspective on management as well as access to a large alumni network. So, if you want to work your way up the corporate ladder, an IIM would be a better option. At the end of the day, it's up to you to decide where your priorities lie.
Is there any sports quota for admission in IIM, Indore (Integrated MBA)?
No, IIM Indore does not have any sports quota for its IPM admissions. A candidate is shortlisted based on his/her previous academic performance, entrance (aptitude) score and interview score. The only quota in place is the conventional reservation quota (for SC, ST, OBC, PwD candidates).
How do I prepare for WAT and PI for IIM Indore (IPM)?
If you're talking about IPM at IIM Indore, I would say being a student here, that IIM Indore generally looks for students who can stand out among others.
In terms of WAT, reading articles helps a lot. You come across numerous themes, which helps you gain knowledge and build a good vocabulary.
For PI, study current events and trends and be prepared for odd questions. They will not only test your knowledge but also your IQ. As a result, the key to acing your interview is to respond with honesty and confidence.
I hope this piece of information is useful for you all and gives you a basic idea about how to start your preparation for WAT and PI.
What books should one read to prepare for PI by IPM by IIM Indore?
Current events and general knowledge are crucial for IIM Indore's Integrated Programme in Management (IPM) Personal Interview (PI) round. Reference books:
- Manorama Yearbook: Current events, history, science and technology, sports, and more. It's a great resource for current events.
- The Ministry of Information and Broadcasting publishes India Year Book yearly. It includes government programmes and sector statistics.
- The Hindu can help you stay informed and improve your critical thinking. To comprehend concerns, read national and international news
- Business Today, a weekly business magazine, covers economics, finance, industry, and technology. It might help you understand business and prepare for industry queries.
- Arun Sharma and Meenakshi Upadhyay, Verbal Ability and Reading Comprehension This book can help you with reading comprehension and grammatical and vocabulary issues.
Besides these publications, practise mock interviews and prepare answers to frequent inquiries about your history, hobbies, and aspirations. This will boost your confidence and PI round performance.
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