The MBA program at IIT (ISM) Dhanbad primarily admits students based on CAT scores, followed by Group Discussion, Personal Interview, and Written Ability Test, although the latter processes were occasionally bypassed due to COVID-19. Admission applications open post-CAT results for about 1.5 months, with the selection process concluding by May. The faculty is experienced with numerous accolades but lacks diversity, predominantly hailing from Bengal or Bihar. The course is well-structured, with regular assessments and a relative grading system.
Suggestions include curriculum improvements and enhancing business analytics courses. The program costs approximately ?5 lakhs for four semesters, including hostel and food, with fees varying based on family income and student category. Scholarships are available for ST/SC and meritorious students, exempting tuition fees and providing hostel and mess refunds. Semester fees range from ?1,01,400 to ?1,16,470, with additional optional fees. The placement rate for the program is about 30-45% with an average package of ?6-7 lakhs, whereas overall institution placements are more robust with a 90% rate and an average package of ?12 lakhs, featuring top recruiters like Cognizant and IDBI Bank.
While MBA roles are mostly sales-oriented, some companies have withdrawn due to market conditions. The institution also offers live projects and internships to enhance employability. The transparent fee structure is regulated by the central government, reflecting the institution's educational quality and infrastructure.
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