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Having a 3.5 year experience in EPC Project Management, should one join IIM Nagpur/Vizag or should wait for a year, and go for an Executive MBA?
Before dwelling on the details and explanations, let me give you a simple answer.
- You should go for a 2-year MBA program if you are open to switching domains in the future. One of my friends was in a similar situation with around 4 years of experience in EPC Project Management. After great anticipation, she decided to go for IIM. Visakhapatnam which is a relatively new IIM. But it happened to be one of the best decisions of her life. She realized her inclination toward Finance and ended up with a role in the financial planning department of her company. She says that the MBA program changed her perspective and broadened her career spectrum which would not have been possible if she had taken an Executive program.
- You can go for the Executive program if you want to upscale your career prospects in the same field. Or you want a certificate that can get you a better job at a better company. This is a viable option if you are not open to switching domains and want to stick with your current field.
Now that I have talked about both scenarios let’s clear some misconceptions about the new IIMs. Frankly, they are not yet anywhere near the older IIMs but that does not change the fact that they have been developing at a speeding rate and are bound to do more so in the future. Through various interactions with the alumni, I have inferred that they were glad they joined the new IIM which provided world-class facilities and a breath of fresh air.
What's the overall experience of an MBA at IIM Visakhapatnam?
My brother recently passed out from IIM Visakhapatnam and was all praise for the institute. Some major praises I heard from him were
- The hostel is at a great location and his room was a beach-facing one
- Many events and festivities keep the rigor alive on campus
- Your everyday life is very dynamic and comprises activities like Sports, cultural fests, business events, and birthday celebrations.
- The guest lecture visits add to the overall exposure
- The placement scenario is quite decent at IIM Visakhapatnam. The basic statistics are
|
Particulars |
Statistics |
|
Placement percentage |
100% |
|
Highest CTC |
INR 32 LPA |
|
Average CTC |
INR 15.47 LPA |
|
Number of Companies |
100 |
|
Top Recruiting Sector |
IT & Consulting: 32% BFSI: 26% Manufacturing: 14% |
Overall, the IIM Visakhapatnam is one of the fastest growing new IIMs and his MBA experience from there was pretty good.
I recently applied to IIM Visakhapatnam for a visiting faculty position. What should I expect next?
If you have applied for a visiting faculty position at IIM Visakhapatnam you should wait for an interview call from them. If you are qualified enough and talented then they will definitely approach you for a faculty position. IIMs have the pressure to maintain the IIM standards so they are always on the hunt for the best professors. So if you are confident of your worth, apply to other IIMs also. I am sure one of the many IIMs will identify your talent and offer you a suitable position.
I had scored 76.5/81.4/75 in 10th, 12th, and graduation respectively with zero work experience. I am a non-engineer. Is there any chance to get IIM Amritsar, Vizag, and Rohtak?
Based on your academic performance, you have the potential to be admitted to the top 30 colleges for MBA programs. It is recommended to focus on preparing for and achieving the best percentile possible in exams such as CAT and other relevant exams. It is unclear who has provided you with the options previously mentioned, but it is important to consider other options that may be more suitable for you.
Some of the options that you have a chance to receive an invitation from and potentially convert into an acceptance include the following:
- Indian Institute of Management - Calcutta (IIM-C)
- New Indian Institutes of Management (IIMs)
- Institute of Management Technology (IMT)
- Management Development Institute (MDI)
- T.A Pai Management Institute (TAPMI)
- International Management Institute (IMI)
- FORE School of Management
- Mudra Institute of Communications (MICA)
- Xavier Institute of Management (XIMB)
- Loyola Institute of Business Administration (LIBA)
- Symbiosis
- Narsee Monjee Institute of Management Studies (NMIMS)
It is always important to make informed decisions by researching and discussing your options before making a final decision.
What are the options available for an MBA graduate from IIM to settle in Visakhapatnam?
Your job prospects are directly related to your line of specialization and the related opportunities available. It all depends on the companies whose requirements match your profile.
Many small cities and towns still lack job prospects for an MBA graduate even if he has the degree of an IIM. So it’s better you grab the best opportunities during the final placements itself. After that, depending on your performance you can climb the ladder and avail a plethora of job opportunities.
So if you are planning to settle in Visakhapatnam your prospects are a little bleak because it is a small city.
What are the certificates and other related things required for applying in the financial aid programme of IIM Visakhapatnam?
The financial aid offered by IIM Visakhapatnam is solely need-based. One needs to produce important documents like bank statements and property papers. The upper limit for family income is INR 6 LPA but one can avail of the loan under special circumstances le medical issues or earlier loans.
You can get more details regarding the same matter once you reach the campus. They give you enough time to gather the documents before sanctioning the loan.
Which one out of IIM Nagpur and IIM Vizag is preferable?
As a current student at IIM Vizag, you can vouch for the fact that the institute has outperformed many of the newer IIMs despite being relatively young. The placement report available on the official website speaks to the confidence that the industry has in the institute and its students, and this is reflected in the strong job offers received by graduates.
But beyond just looking at placement reports, it is important for MBA students to have exposure to real-world business problems, and IIM Vizag provides this through classroom discussions, guest lectures, business conclaves, and corporate competitions.
In addition to academic pursuits, life at IIM Vizag is enriched by a range of festivals, celebrations, competitions, and cultural and sports events. Nurtured by its parent institute IIM Bangalore and supported by a talented faculty, IIM Vizag offers a vibrant and fulfilling experience for students, and if you are fortunate enough to be selected for the program, you can look forward to living and studying in the beautiful city of Visakhapatnam.
What CAT percentile do I need for the IIM Visakhapatnam?
Though the CAT cut-offs vary every year, it is generally seen to have close proximity in consecutive years. Here are the data for 2020, along with sectional cut-offs, for every category.
2020 Cutoff:
|
Category |
VARC (percentile) |
LRDI (percentile) |
QUANT (percentile) |
Overall (percentile) |
|
General |
80 |
80 |
80 |
85 |
|
OBC-NCL |
70 |
70 |
70 |
75 |
|
EWS |
70 |
70 |
70 |
75 |
|
SC |
50 |
50 |
50 |
55 |
|
ST |
30 |
30 |
30 |
40 |
|
PWD |
30 |
30 |
30 |
40 |
The cutoff depends on many parameters and not just only on the CAT score. For example, candidates from non-engineering backgrounds can have a lower cutoff score but still secure a seat due to the diversity point.
Every year, the final selection phase gets completed tentatively by April and the candidates get emails regarding the information and further communication. After being selected, candidates have to reconfirm their choice within a fixed amount of time, and only then they are further communicated and invited for the following rounds.
How is IIM Visakhapatnam so far?
According to recent reports, IIM Visakhapatnam is on an excellent pace of development in all means. Students of IIM Visakhapatnam are seen to excel in various corporate competitions like V-guard, KPMG, etc. There are notifications of students succeeding in competitions every now and then, and the credit goes to the faculty, their guidance and support.
The table below gives a brief overview of the institute.
|
Total Fees (PGP) |
13.65 Lakhs |
|
Highest Salary Offered |
27 LPA |
|
Median Salary Offered |
12 LPA |
|
Cut-off (CAT) |
92 percentile |
Faculties:
- The professors and lecturers are considered to be among the best in the country. Some of their lessons seem to be worth, if not more, that is spent for the degree.
- Each faculty has a different way of teaching, and something interesting and exciting comes up from everyone.
- The professors encourage free-minded opinions from students.
Placements:
- The placement report of IIM Visakhapatnam is published on the official website of the institute. According to the recent statistics, the placement of IIM Visakhapatnam is quite decent and satisfying.
- IIM Visakhapatnam is known for providing genuine placement reports. They don’t add expenses like travel, etc to the CTC, which is the case in some other institutes. So, it can be considered 100% authentic.
- The institute has seen the best recruiters visiting the campus for placement.
Location and facilities:
- Vizag is a beautiful city. The beachside hostel of the institute offers a heavenly view every morning and evening.
- There is some provision of sports for students, but not too good due to lack of infrastructure. It is expected that this will be sorted in the permanent campus.
- Facilities like free gym membership in one of the best gyms in the city (Talwalkars) is provided by IIM.
Overall, it is a definite verdict that IIM Visakhapatnam has a lot to offer to its students, including curriculum, activities, and placement.
How did IIM Visakhapatnam do better at placements than some of the second generation IIMs?
IIM Visakhapatnam had a lot of help from IIM Bangalore for placements in the first few batches. A pool summer placement process was organized at Bangalore for the first three batches. This resulted in students interning at companies like Cloudtail and Directi. If you are lucky, you will find colleagues from colleges like IIM Ahmedabad, Bangalore, Calcutta, XLRI, and FMS.
The internship is a great opportunity for you and it will pose a strong point in job interviews. Moreover, my advice to you would be to network as much as possible. You will probably earn a 6 figure monthly stipend during the summer internship. Eventually, as students began to perform well and some of them at par with the top three IIMS (ABC), PPOs began loyally recruiting students from the college.
These job profiles are the same as those offered at IIM Bangalore. An example of this would be that of Bosch. It offers a Junior Manager’s program available only to premier campuses like IIM Bangalore, IIFT Delhi, etc. as seen on LinkedIn. It even has an international visit to Germany included.
Another major reason would be that this industry prefers students who have previously done summer internships. This PPO percentage was higher for the first two batches from IIM Visakhapatnam since most of the students were taught by IIM Bangalore professors.
Here are some other statistics for placements at IIM Visakhapatnam:
- Many IIM V students are at the consultant level at the Government of Andhra Pradesh.
- The batch size of the first two years was only 50.
- Since most of the students were taught by IIM B faculty, they have more knowledge and experience.
- 18% of the students secured a PPO here, which is higher than any other second-generation IIM.
All these factors combined above have now ensured that IIM Visakhapatnam does better in placements than any other second-generation IIM. Currently, the highest CTC stands at INR 27 LPA and a minimum at INR 10 LPA. Companies like Yes Bank, Amul, and Crompton Greaves regularly visit the institute for placements.
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