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What is the average package for MBA(HRM)at IIM Indore?
The PGP-HRM program at IIM Indore is well known for being an inaugural of innovative programs. The duration of the program is 2 years comprising 6 terms.
During the Placement Season 2022-23 of IIM Indore, the fourth batch of PGP HRM at IIM Indore welcomed a large number of recruiters from diverse sectors. In all, 20 recruiters offered roles to the students of IIM Indore’s 2023 Batch of PGPHRM. The total intake this year was 38 students only. Here are some additional placement highlights of this program Students of this program received roles in various domains in HR
- BFSI : The main recruiters of this domain were Hero Fincorp, ICICI Bank, and Kotak Mahindra Bank.
- Consulting : The next top domain was Consulting and companies like Deloitte USI, EXL Service, Capgemini, and Willis Towers Watson recruited students in this domain.
- Manufacturing: The top recruiters in the Manufacturing domain were Vedanta and Nuvoco Vistas.
- Miscellaneous: Other top recruiters included GAIL(PSU), Biocon, Crompton Greaves and Winzo.
The placement statistics of the PGPHRM Batch of 2023 have been tabulated below
|
Average CTC |
INR 22.65 LPA |
|
Increase in Average CTC |
11% |
|
Median Package |
INR 22.2 LPA |
|
Median package |
INR 34.5 LPA |
|
Average package for the top 25 percentile |
INR 27.53 LPA |
|
Average package for the top 50 percentile |
INR 25.42 LPA |
Hope this helps you!
What is the future scope of IIM Indore in the PGCPF course?
PGCPF at IIM Indore caters to working professionals who are looking for managerial positions in their respective organizations. These professionals must have more than 4 years of industry experience.
This program is a great source of networking because of its rich batch profile. The students of this course belong to diverse fields including CA, CS, Engineering, Banking, BFSI, Academics, Professorship, etc. The professional benefit of this course may be an increment or a promotion, or both. But its most important benefit is knowledge upgradation and networking opportunities.
PGCPF at IIM Indore offers good career benefits to industry professionals.
How can I answer "Why IPM" in the IIM Indore interview? Please give a sample answer.
The interviewers will ask this question to get to know you better. They will want to know why you chose IPM, and what are your career goals.
You must answer IPM at IIM Indore aligns with your goals and aspirations. They will want to know why you wish to become a part of IIM Indore. Give an original answer and make sure you are honest in your opinion.
Do not fake your reasons. To convince the interviewers, you must be yourself convinced with your reasoning. Give the interviewers several reasons behind choosing IPM at IIM Indore. Doing so will add more depth and authenticity to your reasoning.
Give a crisp and clear answer. Prepare yourself in advance for impromptu questions and cross questioning. Read on the vision, mission and essence of IPM at IIM Indore, and know its curriculum.
Do not use any sample answer for your interview preparation. This will affect the authenticity of your answer.
Is the PGPMX offered by IIM Indore equivalent to PGPX offered by IIM A or the PGP offered by ISB?
All these courses have been designed for people with a rich work experience. All the three are 1 year management courses.
Irrespective of which one you pick, you’ll have to work equally hard to establish a position in the industry. The better your college, the more will be expected of you. In the long run, your work will speak for itself.
All the three options are good and equally beneficial, you can choose either of them.
How was IIM Indore interview?
Thousands of students dream of converting their calls and getting into prestigious IIMs during the MBA interview period.
According to a student's brief experience with the IIM Indore interview, you must be completely prepared. Revisit your bachelor's course material, stay updated with current events in the world, have a basic understanding of the nation's economy and finances, and be thoroughly knowledgeable about your professional experience.
Clearing the CAT is only the first step. If you want to get into your dream college, you must complete this major step of clearing PIs. Every day, make it a habit of reading the newspaper. Be thorough in your explanations and confident during the interview. Everything will fall into place if you are confident.
What is the fee structure of IPM from IIM INDORE?
The IPM fee structure of IIM Indore was last updated on 16th June 2023, for the batch of 2023-28.
For Resident Indian students, the course fee for the first 3 years is Rs. 5 Lakhs per year. This fee is Rs. 7.5 Lakhs per year for International students. Other fees include a Medical Insurance of Rs. 711 each year, a mess deposit of Rs. 54,000 each year, and a refundable caution deposit of Rs. 50,000 in the first year. The caution deposit is refunded after completing the 5 year course. The course fee for 4th and 5th year will be the same as the updated PGP fees for 2026-2028 batch.
The cost of lodging, tuition, internet facilities and library is all combined into the total course fee for each year. The course fee does not include textbook cost. The course and mess charges are payable in three installments. IPM students, during the first 3 years, get a shared accommodation. Single room accommodation is made available for 4th and 5th year students.
This is the complete breakdown of fee structure for IPM at IIM Indore.
How are the fests for IPM students at IIM Indore?
My friend has graduated from IIM Indore and would describe the fests as massive events of celebration. The institute organizes a lot of literary and cultural events but the two main events in the year are as follows:
Atharv:
- This is the cultural, literary, and management festival of IPM, organized each year.
- A number of events in this one include managerial to marketing and b-plan events to literary and cultural events.
- More than 1 lakh students participate in Atharv conducted for 3 days. These events can help you get some cash prizes as well.
- The evenings feature musical and artistic performances by professionals in the field.
Another important fest is titled Ranbhoomi. It is the Annual National Level Sports Festival. This one is held for three days as well and the events range from Cricket, Basketball, Volleyball, Football, and even Chess and Arm-Wrestling.
How's your life at IIM Indore? Is it worth joining the institute for IPM?
Yes. It is absolutely worth joining IIM Indore for the IPM Program. Though, you need to clear the IPMAT and the interviews. One of my friends had completed the IPM program at IIM Indore and here are some facts that may be useful to you.
- You will have some very interesting subjects from the trinity of mathematics, social science, and performing arts. It will equip you with really dynamic skills and significant learning.
- You will meet some of the best minds from diverse backgrounds in this course.
- There are over 15000 applications for 120 seats. Thus, you can assume the quality of peer and peer learning.
- The campus has two well-equipped gyms, an Olympic-size pool, a Finance resource centre, an Entrepreneurial incubation cell, and an Onus cashless card payment system.
- Also, there are regular shuttle bus services for going into the city.
- The daily schedule of the students is usually packed with classes in the morning and maybe a few more in the afternoon.
- After that, there is a complete makeover, students run to juice centers, along with the Chai shops, special Indori Poha at Poha point, HUL's Adda, and many other eating points.
In the evening, things are a bit relaxed as people pursue their interests, sports or hang out with their friends. Things might be hectic on some days, but it will not be boring at IIM Indore.
How are placements at IPM IIM Indore as compared to IITs?
IIMs and IITs are completely different brands. While IIMs offer management studies, the forte of IITs is engineering studies. So it is not wise to compare the placements of IIM Indore with those of the IITs.
As per the consolidated report of IIM Indore, here are the 2023 placement stats for its PGP and IPM courses-
- The highest package for 2023 was 1.14 CPA, with an increase of 132.6% from the previous placement season.
- The average CTC was 30.21 LPA, and the median CTC was 27.2 LPA. The average CTC saw 20.8% increase, and the median CTC saw 12.9% increase.
- The average CTC for top 100 placed students was 52.06 LPA, and for top 200 placed students, it was 40.55 LPA.
- The list of prominent recruiters included names like Google, Adani, Accenture, Cipla, EY, IBM, etc.
- Companies from Consulting, Finance, General Management, HR, Operations, IT, Analytics, Sales and Marketing sectors visited the campus for recruitments.
Thus, IIM Indore is a great choice for your management studies. But make sure to choose your career path based on your goals and vision, instead of simply looking at the placement stats of various colleges.
How does a commerce student get a seat in the IIM Indore IPM entrance exam?
IPM from IIM Indore is a 5-year on-campus program. It is a full-time program.
The eligibility to take the aptitude test is a 60% score on the 12th exam.
Prepare diligently from 6 months to a year for the aptitude test. Upon clearing the aptitude test, you will be called for a personal interview. The final selection will be made based on your scores in both stages.
- For preparation purposes, refer to class 6th to class 12th mathematics NCERT textbook
- Practice from a standard book like R.S. Aggarwal for reasoning and competitive exams Mathematics
- Practice Algebra and Probability
- For the verbal section, use a good practice book. Study books like Wren and Martin. Refer to some standard vocabulary lists (SAT, etc.)
- You can also refer to the relevant portions from McGraw Hill or Pearson books for CAT/ CLAT
- Know your strengths and attempt those sections first, work with Time Management
- Know the sectional cutoffs
- Prepare for interviews. Improve your communication skills and work on your confidence level
- Take mock interviews
- Take expert help, or use YouTube for added guidance
Follow these tips and make sure to prepare with dedication and honesty to secure a seat in the IIM Indore IPM program. These tips are helpful for students from across different academic backgrounds.
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