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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.
What is the procedure to do IPM course from IIM Indore?
IIM Indore offers an Integrated Program in Management (IPM) which is a 5-year management program. The detailed procedure for admission to the course is given below.
- Eligibility Criteria: Passed 12th in 2019, 2020, or appearing in 2021 and secured 60% in 10th examination.
- Application fee and registration: Application fee of INR 4,130 (general and NC-OBC candidates) and INR 2,065 (SC/ST/PwD candidates). Register for the entrance test online.
- Aptitude Test (AT): Consists of Quantitative Ability (MCQ), Quantitative Ability (Short Answer), and Verbal Ability (MCQ) having a time limit of 1.5 hours. You need to clear the cut-off to appear for the Personal Assessment (PA).
- Personal Assessment (PA): It consists of a personal interview (PI) and a writing ability test (WAT). But for 2021-22, only PI will be conducted
- Final Admission: It depends on the composite score of your aptitude test and personal assessment. The weightage is PA – 35% and AT – 65%.
This is the complete procedure of admission to the IPM course at IIM Indore.
What's the future after completing the IPM at IIM, Indore?
Any institute will help you with an arrangement of opportunities, may even get you a job in Finance or Management but it will be your decision, whether you'd want to pursue other interests or be in the job available.
The package offered by IPM would definitely be lower than the one offered by the Engineering+MBA (IIM) program. It will nevertheless give you entrepreneurial skills that can be used if you'd like to and create your own empire.
Satya Nadella, the CEO of Microsoft, graduated from Manipal Institute of Technology. But he has made his future. So don't worry, just be strategic and utilize your resources.
Is the IPM course at IIM Indore better than doing engineering, followed by management in top IIMs?
If you are willing to pursue MBA after the completion of your engineering then IPM is the good option for you as you can complete your IPM in five years while engineering and MBA together will be for the entire six years. If you go for IPM, you will have one year of job experience after six years.
In the IPM program, you will get to learn relevant courses in the undergraduate (first three years), while the things you will learn in engineering, will not be of much use in an MBA.
IPM gives you a chance of doing an MBA from an IIM. If you want you can also attempt CAT to get into another IIM, after 3 years of the course.
If you are determined to do an MBA after gaining some experience, then IPM gives that option too. After two years of the IPM program, you will have the chance to work for two years. After that, you can come back and pursue your MBA from IIM Indore.
What was the highest package at IIM Indore IPM?
IIM Indore has published a combined report for its PGP and IPM courses, for its 2023 placements. As per the report, the highest package was 1.14 CPA, with 132.6 % increase. The average CTC was 30.21 LPA, and the median CTC was 27.2 LPA. Companies like EY, Google, Accenture, Hitachi, HUL, MAQ Software, etc. visited the campus with job offers.
What is the average salary package after the completion of IPM from IIM Indore? For IPM graduates, were you satisfied with your packages?
As per the placement report 2023 (for PGP and IPM), the average package for the placement season was 30.21 LPA. The median package was 27.2 LPA. EY, HUL, Google, Hitachi, etc. visited the campus with placement offers.
As far as satisfaction goes, it is not only about the salary package. IIM Indore is a premier business school that offers top-class education and exposure. I know of people who graduated from IIM Indore and got decent-paying jobs. But their main goal is to earn a good certification and ample exposure in corporate. Their ultimate aim is to work on their startups. They want to build sustainable and successful enterprises.
This is my complete take on the placement stats at IIM Indore. I recommend you prefer a holistic approach while selecting your management college.
How should one apply for the 5 year Integrated Programme in Management at IIM, Indore?
As one of my friends who studied at IIM Indore, I might be able to help you answer your question. Go through the following points and see if you get a clear understanding.
- To get a detailed outlook of the 5-year Integrated Programme in Management, you should visit the main website.
- In the notifications area, you can see a section that will provide you with a variety of admission notices for the 5-year IPM program.
- You can follow the link at your convenience to acquire further updates.
- Subsequently, you will find an option that will ask you to register yourself.
- Then you will obtain your username and passwords, both of which are supposed to be mailed to you after registering in.
After you have acquired the login details, you will have to go to the respective website and fill up the already accessible application form. Then pay the examination fee of about INR 1400 via online monetary methods of payment.
Why does IPM by IIM Indore have a very high fee structure?
IIMs are a set of highly prestigious management colleges in India. They are the best in the country as per various rankings like QS (global) and NIRF (national).
Their academics is top notch, and their curriculum covers all the important aspects of management studies. Also, the placements of IIM Indore are top notch. To ensure the smooth running of their administration, the IIMs tend to charge hefty amounts for their courses.
On top of all this, upon clearing the IPMAT, one is spared from giving CAT. Plus, for the next 5 years, one gets to study management from some of the most qualified teachers, under the IIM Indore brand name.
These can be some of the reasons why the IPM course at IIM Indore has such a high fee.
What questions can be expected in an IIM Indore IPM interview?
The questions in an IIM Indore IPM interview are mostly about academics. They are focused on your personal introduction. That is, your hobbies and interests are well taken into account and questions will be asked right on that to check the depth of your 'desired field'.
They inquire about your favorite subjects and pose questions about them. They want to know why you want to take the course, what your future plans are, your strengths and weaknesses, and your knowledge of current events. They also assess your general knowledge and mental alertness. Though the questions are simple, you will be bombarded with them in order to put you under pressure.
If they believe you are well-versed in your subjects, they will dig deeper and only leave you if you are exhausted. If you succeed in all of this, you will undoubtedly find yourself inside the circular column of IIM Indore. The IPM interview is one-of-a-kind, personifying the course itself. It is both difficult and simple at the same time.
Is IPM IIM Rohtak worth it?
IIM Rohtak is a very newly established IIM that has yet to make its place in the IIM family. Because of its recent establishment people deem it not worthy of the IIM tag. But in reality, it’s gradually picking up pace and by the time its first batch will graduate (2024), it will have climbed the ladder higher.
People think the IPM program offered by IIM Rohtak is a backdoor for people who want to escape the CAT exam. In reality, most of the students plan to give CAT or GMAT or both at the end of their third year.
Even if one compares Rohtak and Indore, we can clearly see that Rohtak is way ahead of Indore. The first batch placements of Rohtak are better than Indore.
Some consider the lack of connectivity and cost also a reason why Rohtak is not worth it. But let me shed some light on this matter. Rohtak is just 70 km away from Delhi. The International airport is just an hour or two 's drive from the campus. So the connectivity issue is resolved here. As far as the cost is considered, one should not underestimate the 5 years he will be spending at an IIM campus with top-notch facilities and the most learned faculty and brilliant peers. All the investment is worth it. The final decision is yours to make but does remember that IIM Rohtak will have climbed the ladder in just a few years.
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