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How do I start preparing for IPM IIM Indore, effectively?
The first thing you should focus upon is brushing up your grammatical skills, alongside your vocabulary. You should understand the fundamental topics of the 10+2 mathematics section, including basic functions and probability.
Most of the quantitative ability questions, while being essentially hard to solve, are of the level of class 9 and 10. However, there are times when certain questions can be trickier than others, even if you are good at Maths.
Practice improving your calculation speed since the time allotted is crucially low. The time allotted is 75 minutes with 45 minutes reserved only for the quantitative section.
What is the total annual expense of IIM Indore IPM Programme?
The IPM fee structure is different for domestic and international students.
As per the latest update on 16th June 2023, a resident Indian student is charged Rs. 5 Lakhs per year as course fee, for the first three years of the IPM program. Rs. 711 is payable per year as medical insurance premium, and Rs. 54,000 is payable each year as mess deposit.
Rs. 50,000 is payable in the first year as a refundable caution deposit. This amount is refunded on completing 5 years of IPM. This brings the grand total to Rs. 5,54,711 per year (Rs. 6,04,711 for 1st year). As for the 4th and 5th year, the fee will be charged on the basis of the updated PGP fee structure for the 2026-2028 batch. As for now, the course fee for the same is Rs. 10 Lakhs per year.
This is the breakdown of the present IPM course fee at IIM Indore. You can visit the official website of IIM Indore for more details.
Which book is best for preparation of the IIM Indore IPM?
To get admission to IIM Indore, you have to clear the CAT exam successfully and it is considered one of the toughest exams in India. But here are the names of some of the best books which will be very helpful for the preparation for the CAT exam.
Pearson's IPMAT Book :
- This is a very popular book for IPMAT. It is one of the oldest books for CAT preparation and it also includes analysis of past year patterns.
- The latest version of this book would be more refined and will have some more valuable information that will be needed for your preparation.
Arun Sharma :
- This book is very popular for CAT quant preparation.
- The first two levels of this book can also be used for IPMAT quant preparation.
Maths NCERT Book :
- This book is very underrated as many students don't give much importance to this book.
- But this book is very important for your maths preparation.
- There will be many questions in the exam based on this book.
Others :
- Apart from these books, also go through some coaching materials such as TIME's career launcher, online coaching videos as these include valuable information.
- Practice previous year’s question papers as this will give you an idea of how tough the exam is going to be.
Hence, these are some of the important books which will be very important for your CAT preparation. If you go through all these books then you will surely clear the CAT exam and get admission to IIM Indore.
How many students are selected for IPM IIM Indore interview?
Almost over 15000 apply for the IPM program at IIM Indore. For each seat, you will be competing with 10 students at least. In 2018, 15901 students had applied and only 886 students were shortlisted for the interview round.
To get selected, you will have to give an aptitude test along with a WAT and then appear for a personal interview round. All these tests will evaluate you as a person and not just your knowledge and skills.
If you are applying for this course, you should have a plan B in case you don't get selected as no other IIMs offer this college. Very few students get selected for the IPM IIM Indore course as the selection criteria for this course is very difficult and you have to be very good at academics to get selected in this course.
The fees of the IPM course at IIM Indore are too high. What is an alternative?
The total fees for IPM are nearly 20 lacs, but the returns will also be equivalent to the invested amount. You will be getting an IIM Degree and a chance to study with some of the best brains in the country.
There are many banks that will finance your education. Banks usually provide full education loans for students. Canara bank provides a full educational loan without any collateral. There are some scholarships as well such as the NBFA scholarship that are given to students of IPM.
But it is important to remember that the course will make them a better future if the candidate is ready to work hard and conquer all the challenges.
Is there any bias against IPM students during placements in IIM Indore? Are they considered equal to PGP students?
Yes, there indeed is a certain level of bias that IPM students face during the placement process. But the reason is well justified. Being a newly established course, IPM lacks the certainty of success. The industries are only gradually developing their trust towards this course over the years. So the recruiters are still a bit hesitant in investing in an IPM student.
But if you look at the figures, you can see that the course has been gaining trust and climbing the ladder drastically over the past few years. Also, I don’t think it’s justifiable to draw a comparison between a 7-year-old program that has already been recognized (PGP) to a newly established course (IPM).
People usually compare these 2 programs because they see IPM as a means to join IIM by escaping CAT. This is not the case at all. IPM is much more than that. It needs no comparison to any other program. It is a full-fledged integrated course that is way ahead of other undergrad or integrated courses across the nation both in terms of the kind of education it offers and the placements.
Is IIM Ranchi's IPM program worth it?
Yes, the IPM program of IIM Rohtak is actually worth it because it’s an IIM after all. Both Rohtak and Indore excel at their IPM programs. If you are not willing to sit for the CAT again and are not confident that you will get in despite trying this is the best option for you. But if you want to explore more opportunities and are confident of getting a better CAT percentile next year this program may not be for you.
IPM or Integrated Program in Management is a 5-year program of business studies from undergraduate to postgraduate level (Integrated BBA-MBA). Students will be awarded a Master of Business Administration (MBA) degree at the end of the program.
Curriculum: The foundation of this program is broad covering areas like humanities, social sciences, arts, and sciences. Other areas that are tackled by this program are management, marketing, accounting, finance, economics, information systems, data science, and strategic management. The pedagogy involves lectures, classroom discussions, experiential lessons, case analyses, simulations, group projects, internships, and mentorships that help in creating an active and student-favorable environment.
Fees: The total fee for the first three years of the program is INR 1,593,000. These fees do not include mess charges.
Eligibility: The eligibility criteria for the IPM program are as follows
- Candidates who have passed 10 + 2 with a minimum of 60% Marks.
- 55% Marks for SC / ST / PWD.
- Indian Nationals & PIO / OCI Card Holders are eligible to apply for the Program.
Admission process:
IIM Ranchi Admission Process for the IPM program consists of 4 Stages, which are as follows:
- IIM Ranchi Reviews Applications received for IPM Program.
- Candidates are Shortlisted based on their Valid SAT / IPMAT (Conducted by IIM Indore) scores.
- Shortlisted Candidates are called for Personal Interviews for Final Selection.
- IIM Ranchi Finalize Candidates based on their Overall Performance in Personal Interviews & their Overall Academic Scores
Overall I personally feel that the IPM program at IIM Rohtak is worth trying.
How did your IPM AT IIM Rohtak go?
Below is the experience of an IIM Rohtak student who did his IPMAT during covid.
It was always going to be difficult to conduct a fair online exam in this day and age, but IIM Rohtak took the exam to an all-time low. The following are the highlights of the exam:
The online exam was conducted in an 'open book' format, using Google Forms and no effort was made to proctor the exam - which means students could have their friends and family assist them using Google, WhatsApp, Zoom, and any other technology they could think of. After 45 minutes, the form would not even submit itself. To pass the test, the student had to maintain their integrity.
Every student had the same paper, in the same order. It's no surprise that within minutes of the exam starting, WhatsApp and Facebook groups were flooded with questions and answers. Most students are required to submit answers that they have simply copied from the internet.
Some of the questions were difficult to answer. This is especially true when the paper setters fail to include the accompanying diagram to logical reasoning questions.
Is preferring IPM from IIM Indore over engineering a good decision?
According to one of my friend's personal experiences, you should recognize what you want to do in life further. Whether you want to continue in a technical field or a management field. The next thing is the decent package and the prestigious company, you get your placement.
If Engineering is your choice -
- If you manage to get into IIT Kharagpur or IIT Bombay and spend approximately INR 10 Lakhs for the entire course.
- Then the salary package you receive is INR 10-11 LPA.
- So in this case you can clearly demarcate the difference between expenditure and earning.
If IPM is your choice -
- If we consider that you have taken the IPM course in IIM Indore and spend INR 26 Lakhs till the completion of the course.
- Then get the placement of around INR 17-18 LPA.
Comparing these we can see that by the time your package reaches INR 12-13 LPA being an engineer from IIT, the salary of the IPM graduate reaches very high. So this is where the difference is being created.
Thus we can say that rather than just focusing on return on investment, look for the average package that will last for your entire life.
Which educational course is better- IPM from IIM Indore or BBA+MBA from Christ University Bangalore?
Choosing between IIM and Christ University is not a difficult decision. Without second thoughts, forgo the offer from Christ University and go for IIM Indore. This is because
- The title of IIM is more than enough to open opportunities for you in the future
- You will get better exposure and crowd at IIM than at Christ university
- Obviously the placement opportunities are better at IIM than at any other university.
|
Particulars |
IIM Indore |
Christ University |
|
Average CTC |
INR 24.09 LPA |
INR 15 LPA |
|
Highest CTC |
INR 21.46 LPA |
INR 49 LPA |
Even if both the colleges offer similar packages IIM has a bigger brand image and will help you in the long run.
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