IIMV - Indian Institute of Management, Visakhapatnam
Notification
About IIM Visakhapatnam
IIM Visakhapatnam is one of the new generation IIMs established in 2015. IIM Vizag is mentored by IIM Bangalore. IIM Visakhapatnam MBA fee is INR 17.82 Lakhs. IIM Vizag has been ranked 29th by NIRF 2023 in the Management Category.
IIM Visakhapatnam MBA admission is based on CAT followed by a Personal Interview round. An overall CAT percentile of 82 and sectional percentile of 70 is required for admission into IIM Vizag. The final selection is based on various other parameters like academic qualifications, work experience, and gender diversity. IIM Visakhapatnam placements 2024 have been concluded. IIM Visakhapatnam's highest package stood at INR 43.25 LPA and IIM Visakhapatnam average package stood at INR 15.64 LPA.
At IIM Visakhapatnam, the minimum CAT percentile for the 2023-25 batch was 80.98 percentile. A total of 151272 general category candidates selected IIM Visakhapatnam PGP as their CAT preference, of which 2267 were shortlisted for PI WAT round and 1446 received the final offer.
Table of Content
- IIM Visakhapatnam Highlights
- IIM Visakhapatnam Important Dates 2024
- IIM Visakhapatnam Fees
- IIM Visakhapatnam Courses
- IIM Visakhapatnam Admission 2024
- IIM Visakhapatnam CAT Cut-off 2024
- IIM Visakhapatnam Placement 2024
- IIM Visakhapatnam Ranking
- IIM Visakhapatnam Vs IIM Kashipur Vs XIMB
- Life at IIM Visakhapatnam
- IIM Visakhapatnam Alumni
- IIM Visakhapatnam FAQs
IIM Visakhapatnam Highlights
| Particulars | Statistics |
|---|---|
| Established | 2015 |
| Accepted exams | CAT, GRE, GMAT, GATE |
| Popular courses | MBA, EMBA |
| Fees (MBA) | INR 17.82 Lakhs |
| Ownership | Public/Government, Autonomous |
| Total courses | 4 courses across 1 stream |
| No. of faculty | 35 |
| Scholarship | 7 |
| Highest CTC | Rs 43.25 LPA (2024) |
| Average CTC | Rs 15.64 LPA (2024) |
IIM Visakhapatnam Important Dates 2024
The table below represents the events and dates for Admission 2024:
| PGP (MBA) | |
|---|---|
| Phase 1 Shortlist | January 6, 2024 |
| Application Submission | January 6 - March 4, 2024 (1 PM) |
| Edit Window for the Application | March 5 - 8, 2024 |
| Call for Personal Interview | April 1 - 3, 2024 |
| Personal Interview | April 10 - May 6, 2024 |
| Admission offers | May 20, 2024 |
| Registration | June 24, 2024 |
| Read More | |
| EMBA | |
|---|---|
| Application Process Starts | December 1, 2023 |
| Application Process Ends | April 20, 2024 |
| EMAT Exam | April 27, 2024 (Tentative) |
| Interview | April 28, 2024 (Tentative) |
| Result Declaration | On or Before May 6, 2024 (Tentative) |
| Read More | |
IIM Visakhapatnam Fees
IIM Visakhapatnam MBA fees is INR 17.82 Lakhs.
| Course Name | Fees |
|---|---|
| PGP | INR 17,82,960 |
| PGPEx | INR 10,80,000 |
| EMBA | INR 10,80,000 |
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IIM Visakhapatnam Courses
IIM Vizag offers PGP, PGPEx, PGPDGM, Doctoral & Certificate Programs. Here are some highlights of the Courses offered by IIM Visakhapatnam:
| Course Name | Program Details |
|---|---|
| PGP | Intake: 340 Eligibility: Bachelor’s degree with 50% marks Selection Criteria: CAT + Personal Interview |
| PGPEx | Eligibility: Bachelor’s degree with 55% marks + 3-year work experience Selection Criteria: CAT/ GMAT/ GRE/ IIMV Test + Personal Interview |
| EMBA | Eligibility: Bachelor’s degree with 50% marks + 3-year work experience. Selection Criteria: EMAT + Personal Interview |
Check other courses: IIM Visakhapatnam Courses & Fees
IIM Visakhapatnam Admission 2024
IIM Visakhapatnam admission 2024 will start with the onset of CAT 2023 registrations. Candidates who have appeared for the CAT and choose IIM Visakhapatnam as one of their preferences will be shortlisted based on their CAT percentile.
IIM Vizag admission process is as follows:
| Admission Stages | Description |
|---|---|
| Register for CAT | Candidates should register for CAT and apply for IIM Visakhapatnam as one of their preference in the CAT form. |
| CAT Exam | Appear for the CAT exam, as CAT Percentiles will be used for the first shortlisting. |
| Apply to IIMV | The candidates who have cleared the CAT cut-off will be asked to apply to the PGP program at the IIMV website. |
| Shortlist for Personal Interview | Now the candidates will be shortlisted for the personal interview based on their CAT Percentiles, academic qualifications, work experience, and gender diversity. |
| Personal Interview Round | The shortlisted candidates will have to appear for a personal interview. |
| Final Selection | The final selection will be based on the performance of candidates in the CAT exam, personal interview, academic qualification, work experience, and gender diversity. |
IIM Visakhapatnam Selection Criteria
The following data represents the admission stats for the MBA batch of 2023-25:
| Category | No. of Candidates Selected IIM Visakhapatnam | Candidates Selected for WAT/PI | No. of Students With Final Offer |
|---|---|---|---|
| General | 151272 | 2267 | 1446 |
| EWS | 9465 | 629 | 266 |
| NC-OBC | 36968 | 1745 | 786 |
| SC | 18356 | 875 | 532 |
| ST | 5162 | 447 | 246 |
| DAP | 951 | 141 | 108 |
Check: IIM Visakhapatnam detailed Admission
IIM Visakhapatnam CAT Cut-off 2024
The overall CAT cut-off for IIM Visakhapatnam is 82, and the sectional cut-off is 70 for all the sections. The CAT cut-off will be used to shortlist the candidates for the interview.
| Category | Overall | VARC | DILR | QA |
|---|---|---|---|---|
| Unreserved | 82 | 70 | 70 | 70 |
| EWS | 72 | 63 | 63 | 63 |
| NC-OBC | 72 | 63 | 63 | 63 |
| SC | 50 | 40 | 40 | 40 |
| ST | 40 | 30 | 30 | 30 |
| PwD | 40 | 30 | 30 | 30 |
IIM Visakhapatnam Results
The following table represents the Category wise minimum cutoff and composite score at which final offers were made to the 2023-25 batch:
| Category | Minimum CAT Percentile | Lowest Composite Score | Highest Composite Score |
|---|---|---|---|
| General | 80.98 | 45.7 | 89.5 |
| EWS | 72.04 | 38.8 | 87.8 |
| NC-OBC | 73.20 | 38.2 | 89.7 |
| SC | 46.62 | 33.9 | 79.4 |
| ST | 36.85 | 22.1 | 80.2 |
| PwD | 39.43 | 22.9 | 74 |
Check: IIM Visakhapatnam Cut-off
IIM Visakhapatnam Placements 2024
IIM Visakhapatnam Placements 2023 has been concluded with 100% placements. IIM Visakhapatnam average package stood at INR 15.64 LPA whereas IIM Visakhapatnam highest package stood at INR 43.25 LPA. The highest package increased by 25% from the last year. The highest number of offers were made in the BFSI Sector with 34% of offers. Recruiters like Accenture, Adani Wilmar, Asian paints, DS Group, Axis Bank, Bajaj Finserv, etc participated in the placement drive. More highlights of IIM Visakhapatnam Placements 2024 are tabulated below:
| Particulars | Placement Statistics (2024) |
|---|---|
| Number of Recruiters | 177 |
| Number of New Recruiters | 117 |
| Placement Percentage | 100% |
| Highest Package | INR 43.25 LPA |
| Average Package | INR 15.64 LPA |
| Top 10% Average Package | INR 28.6 LPA |
| Top 25% Average Package | INR 24.62 LPA |
| Top 50% Average Package | INR 21.05 LPA |
| International Offers | 4 |
| Average Package of International Offers | INR 19.5 LPA |
| Top Sector | BFSI, IT & Consulting |
| Top Recruiters | Accenture, Adani Wilmar, Asian paints, DS Group, Axis Bank, Bajaj Finserv, etc. |
The IIM Visakhapatnam placement report for the last 3 years is mentioned below:
| Year | Highest CTC | Average CTC |
|---|---|---|
| 2023 | INR 32.65 LPA | INR 16.61 LPA |
| 2022 | INR 31.60 LPA | INR 15.06 LPA |
| 2021 | INR 20.82 LPA | INR 12.62 LPA |
| 2020 | INR 27 LPA | INR 13.08 LPA |
Check: IIM Visakhapatnam detailed Placement
IIM Visakhapatnam Ranking
IIM Visakhapatnam has been ranked among the top B-schools by NIRF and IIRF, the ranking awarded by both institutions are mentioned below:
| Ranking body | Year | Category | Rank |
|---|---|---|---|
| NIRF | 2023 | Management | 29 |
| IIRF | 2024 | Top Govt. B-School | 24 |
| IIRF | 2023 | Top Govt. B-School | 27 |
Check: IIM Visakhapatnam Ranking
IIM Visakhapatnam Vs IIM Kashipur Vs XIMB
| Particulars | IIM Visakhapatnam | IIM Kashipur | XIMB |
|---|---|---|---|
| Established | 2015 | 2011 | 1987 |
| NIRF Ranking 2023 | 29 | 19 | 46 |
| Batch Size | 340 | 324 | 356 |
| Campus Area | 241 acres | 200 acres | 200 acres |
| City | Visakhapatnam | Kashipur | Bhubaneswar |
| MBA Fees | INR 17,82,960 | INR 17,30,000 | INR 20,90,000 |
| Curriculum | 41 core credits and 9 elective credits in the first year, and minimum 45 elective credits in the second year. | 21 core credit courses in the first year. | 105 core credits and elective credits in 2 years. |
| Specialization | BFSI (34%) and Consulting (31%) | IT (39%) and Finance (30%) | Marketing (27%) and Finance (27%) |
| Highest CTC | INR 43.25 LPA | INR 37 LPA | INR 71.50 LPA |
| Average CTC | INR 15.64 LPA | INR 18.1 LPA | INR 20.03 LPA |
| International Collaborations | The institute collaborate with institutes in other countries to attain standards of global excellence in management education and research. | The institute has relations with foreign institutions and conducts student exchange and faculty exchange programs, and joint research activities. | The institute offers a student exchange program and most of the students are sent to universities in Europe for the student exchange program. l. |
Life at IIM Visakhapatnam
IIM Visakhapatnam has currently two campuses, one is the temporary campus and the other is the permanent campus of around 241 acres of land. The permanent campus has world-class facilities, but the temporary campus offers the students a beach view from the hostel rooms. There are 5 separate hostels near the college campus, and the college provides transport facilities for commuting between the campus and the hostel. A typical day on campus is usually spent in classes, with lectures, presentations, and case studies. After that students get busy with assignments as the curriculum is quite rigorous. Read More
IIM Visakhapatnam Alumni
| Alumni Photograph | Name | Designation | Company |
|---|---|---|---|
|
|
Shriya Dutt (1997-99) | Director of Diversity, Equity and Inclusion | Qualcomm |
|
|
Abhishek Goel (2015-17) | Product Manager | |
|
|
Gaurav Duttachaudhuri (2015-17) | Vice President - AD1 | AU Small Finance Bank |
|
|
Unnmalini Boruah (2017-19) | Senior Associate | PwC Acceleration Centers |
IIM Visakhapatnam FAQs
Ques. How many students are offered admission after final shortlist by IIM Visakhapatnam?
Ans. IIM Visakhapatnam has increased the intake to 340 students to make a final admission offer for its MBA batch 2024. The present IIM Visakhapatnam 2022-24 batch size comprises 272 students.
Ques. How is the hostel facility at IIM Visakhapatnam?
Ans. Hostel rooms are allotted on a double occupancy basis. The rooms are well-equipped with modern facilities and amenities for a comfortable stay and provide a full concentration while learning. IIM Vishakhapatnam students are housed in 2 separate buildings near campus and the college provides transport facilities. Other facilities at IIMV hostel include Wifi & TV, Refrigerator, Discuss Room, Dining hall, indoor games like pool table, carom, chess, table tennis, etc.
Ques. What are the scholarships provided to the students of IIM Visakhapatnam?
Ans. Various types of scholarships are awarded to the students at the institute, which are:
- Ministry of Tribal Affairs Scholarship (ST)
- Ministry of Social Justice and Empowerment Scholarship (SC)
- Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
- Merit Cum Means Scholarship For Professional and Technical Courses CS
- Aditya Birla Scholarship
- Citi Women’s Leader Award
Ques. How is the placement at IIM Visakhapatnam?
Ans. IIM Vishakhapatnam has been providing 100% placements to all the candidates. In the placement drive of 2024, the Highest CTC stood at INR 43.25 LPA and the Average CTC stood at INR 15.64 LPA. IIMV 2024 placements drive was attended by 177 recruiters where 117 recruiters were new.
Ques. Does IIM Visakhapatnam has a permanent campus?
Ans. No, IIM Visakhapatnam does not have a permanent campus, for now, however, 241.50 acre land for campus construction has been allocated and construction is ongoing. IIM Visakhapatnam is currently located in its temporary Andhra University campus in the ‘City of Destiny’, Visakhapatnam.
Ques. How to reach the IIM Visakhapatnam?
Ans. Candidate can reach to the address: Indian Institute of Management Visakhapatnam, Andhra Bank School of Business Building Andhra University Campus, Visakhapatnam Andhra Pradesh 530 003, India and contact to the office by :- 7993179328.
Ques. Is IIM Visakhapatnam worth joining?
Ans. Yes, joining IIM Visakhapatnam is totally worthwhile. The institute provides total return on investment and gives tough competition to the new generation IIMs. Considering the placements, infrastructure and education quality, IIM Visakhapatnam is a good option to pursue management studies.
Ques. What are the prospects after graduating from IIM Vizag?
Ans. IIM Vizag provides excellent summer internship opportunities to its students and brilliant final placements at the top companies and organizations with amazing salary packages ranging from INR 8 LPA to INR 20 LPA.
Ques. What CAT percentile do I need for the IIM Visakhapatnam?
Ans. Students seeking admission in IIM Visakhapatnam MBA programme are required to have a minimum of 82 CAT overall percentile while a minimum of 70 sectional cutoffs for each section- QA, DILR and VRC for the general category. Check IIM Visakhapatnam Cutoffs.
Ques. What is the average salary package of IIM Visakhapatnam?
Ans. As per the placements statistics of 2024, IIM Visakhapatnam has recorded 100% placements for its MBA batch with an average CTC of INR 15.64 LPA. Check IIM Visakhapatnam Placements.
Ques. How much amount is needed to be paid at the time of IIM Visakhapatnam PGP offer acceptance?
Ans. You need to pay an initial offer acceptance fee of INR 50,000/- for the PGP Programme. More details regarding the PGP fee payment will be sent through the mail to the shortlisted students along with the admission offer letter.
Ques. Does IIM Visakhapatnam have its own hostel?
Ans. IIM Visakhapatnam is currently functioning from a temporary campus located inside Andhra University. The institute has rented whole buildings nearby the campus on an exclusive occupancy basis to serve as hostels. IIM Visakhapatnam itself arranges transportation for students commuting between hostels and the campus.
Ques. Will IIM Visakhapatnam provide Global Immersion Programme to its PGPEx students?
Ans. Yes, IIMV International immersion will be offered to the PGPEx students as an optional elective course. Participants who wish to enroll in this course need to pay an additional fee for the program along with the Term IV registration fee.
Ques. Does IIM Visakhapatnam provide scholarship facilities to its students?
Ans. Yes, IIM Visakhapatnam has introduced a merit-based scholarship for PGP students as a waiver of tuition fees. Additionally, need-based scholarships, External Scholarships, and financial aid for family income below 6 Lakhs are also offered to the students.
Ques. Is it worth doing MBA from IIM Visakhapatnam?
Ans. IIM Visakhapatnam is considered one of the best baby IIMs in the country. IIMV is a high RoI institute where the placement record is 100%. During IIV Placement 2023, the highest salary stood at INR 32.65 LPA and the average salary was recorded as INR 16.61 LPA.
Ques. How is the hostel facility at IIM Visakhapatnam?
Ans. Hostel rooms are allotted on a double occupancy basis. The rooms are well-equipped with modern facilities and amenities for a comfortable stay and provide a full concentration while learning. IIM Vishakhapatnam students are housed in 2 separate buildings near campus and the college provides transport facilities. Other facilities at IIMV hostel include Wifi & TV, Refrigerator, Discuss Room, Dining hall, indoor games like pool table, carom, chess, table tennis, etc.
Ques. Is IIM Visakhapatnam good for MBA?
Ans. IIM Visakhapatnam is good for MBA since it has been ranked 29th by NIRF 2023 among the top management institutes in India. Even after being a new-generation IIM, IIM Visakhapatnam has made a place for itself with its excellent faculty and placements.
Ques. Is it easy to get into IIM Visakhapatnam?
Ans. It is not that easy to get into IIM Visakhapatnam, because you have to clear the CAT exam which is challenging for most people. One needs to Percentile above the 80 percentile in CAT to get shortlisted in the first round and then have to also perform well in the interview.
Ques. What is the CAT cut-off for IIM Visakhapatnam?
Ans. The overall CAT cut-off for IIM Visakhapatnam is 82, and the sectional cut-off is 70 for all sections.
Ques. Is it worth joining IIM Visakhapatnam?
Ans. Yes, it is worth joining IIM Visakhapatnam as the first reason is the IIM brand tag, which has a high value among recruiters. Secondly, the curriculum is not exactly but almost similar to other IIMs, which is highly rigorous. Their placements are good, has a 100% placement record in 2023 and some of the top companies like Amazon, Cognizant, Deloitte, HCL, HSBC, HDFC Bank, and ICICI Bank. etc visit the campus.
Ques. What are the fees for MBA in IIM Visakhapatnam?
Ans. The MBA program fee at IIM Visakhapatnam is INR 17,82,960.
Ques. What is the median salary of IIM Visakhapatnam?
Ans. The median salary of IIM Visakhapatnam in the 2023 placement drive was INR 16 LPA, whereas, in 2022 placements, it was INR 15.46 LPA.
Ques. Do freshers get good placement in IIM Visakhapatnam?
Ans. Looking at the placement records of the last 3 years, IIM Visakhapatnam has been showing a 100% placement record. So the institute has been doing its best to get all the students placed, whether it's a fresher or somewhat with experience.
Ques. How can I study MBA for free at IIM Visakhapatnam?
Ans. There are two ways, a student can study for free at IIM Visakhapatnam:
- Financial Aid: IIM Visakhapatnam offers financial aid to students who have an annual household income of less than 6 lakhs. These need-based students are evaluated in four categories and given a financial Percentile. Based on these Percentiles the applicant is provided with 100%, 80%, 60%, 40%, or 20% financial aid.
- Scholarship: There are scholarships available for ST and SC students in which the tuition fees are covered in full.
Ques. Are hostel fees included in the IIM Visakhapatnam fees?
Ans. No, the fees of INR 17,82,960 does not include hostel fees.
Ques. Is it compulsory to stay in the hostel at IIM Visakhapatnam?
Ans. Yes, the MBA program at IIM Visakhapatnam is a residential program, so it is mandatory for the students to stay in the campus hostel.
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IIM Visakhapatnam Fees & Eligibility
| Course | Fees | Eligibility | Application Date | Action |
|---|---|---|---|---|
MBA 1 Course | ₹9.25 Lakhs (1st Year Fees) | Graduation with 50% | 3 Jan - 23 May 2024 | |
PG Program 2 Courses | ₹10.8 Lakhs - 16.5 Lakhs (Total Fees) | Graduation with 55% + CAT | 3 Jan - 23 May 2024 | |
Certification 1 Course | ₹6 Lakhs (1st Year Fees) | Graduation | 13 Feb - 27 Mar 2024 | |
| EMBA | ₹5.4 Lakhs (1st Year Fees) | Graduation with 50% | 1 Dec - 20 Apr 2024 | |
| ₹8.91 Lakhs (1st Year Fees) | Graduation | - |
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Courses Offered By IIM Visakhapatnam 2024
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IIM Visakhapatnam Upcoming Application Dates 2024
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
| Start Date for Classes (PGPEx) | Jun 26, 2024 |
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
| Start Date for Classes (PGPEx) | Jun 26, 2024 |
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IIM Visakhapatnam Rankings 2024
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IIM Visakhapatnam Scholarship 2024
Scholarship provided by the college.
IIM Visakhapatnam has recently introduced merit-based scholarship for the PGP Batch. The scholarships offered are up to a maximum of INR 6.0 lakh per student for Top 2 scorers of the PGP batch (2nd year).
IIM Visakhapatnam, also popular as IIM Vizag, has initiated many Scholarships with an objective of providing intense learning to students without any sort of financial difficulties.
Table of Content
- IIM Visakhapatnam Scholarships Offered Year Wise Trends
- IIM Visakhapatnam External Scholarships Offered
- Scholarships offered at IIM Visakhapatnam
- IIM Visakhapatnam Scholarships Eligibility Criteria and Procedure
- What documents are needed to apply for Scholarships at IIM Visakhapatnam?
- How to apply for scholarships at IIM Visakhapatnam?
- IIM Visakhapatnam Scholarships FAQs
IIM Visakhapatnam Scholarships Offered Year Wise Trends
| Batch | Percent of Batch that received Financial Aid (%) | Average of Quantum of Aid Received (As a percent of total fee) |
|---|---|---|
| 2022-24 | 9.93% | 31.11% |
| 2021-23 | 17.46 | 30.91 |
| 2020-22 | 11.11 | 25.34 |
| 2019-21 | 6.40 | 40.00 |
| 2018-20 | 7.62 | 37.50 |
| 2017-19 | 9.84 | 58.33 |
| 2016-18 | 9.62 | 76.00 |
| 2015-17 | 7.41 | 55.00 |
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IIM Visakhapatnam External Scholarships Offered
The following table represents the summary of external scholarships awarded to IIM Visakhapatnam:
| Batch | Percent of Batch that received External Scholarships (%) | Average of Quantum of Aid Received (As a percent of total fee) |
|---|---|---|
| 2022-24 | 3 | 88 |
| 2021-23 | 4 | 100 |
| 2020-22 | 10 | 74 |
| 2019-21 | 6 | 80 |
| 2018-20 | 5 | 100 |
Click for more details IIM Visakhapatnam Courses and Fees
Have a look at the various scholarships available at IIM Visakhapatnam:-
Scholarships offered at IIM Visakhapatnam
- Ministry of Tribal Affairs Scholarship (ST)
The Ministry of Tribal Affairs, associated with the Government of India, provides financial assistance for Higher Education of Scheduled Tribe students (of PGP first year). The scholarship tends to cover the tuition expenses in full.
Scholarship Specification :- National Scholarship for Higher Education for Scheduled Tribe students
- Ministry of Social Justice and Empowerment Scholarship (SC)
The Ministry of Social Justice and Empowerment Government of India strives to give away financial support for Higher Education of meritorious SC students (of PGP first year). The scholarship is a means scholarship that covers tuition expenses in full.
Scholarship Specification:- National Scholarship for Higher Education for Scheduled Caste.
- Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
A person who is having a disability not less than 40% and having a disability certificate issued by any competent medical authority, is eligible for this financial aid. This is a means scholarship which is worth INR 2,55,000 per annum.
- Merit Cum Means Scholarship for Professional and Technical Courses CS
This scholarship is awarded to the poor, and meritorious students who belong to minority communities with an aggregate of not less than 50% marks or equivalent grade in the previous final examination. Also, the annual income of their parents/guardians from all sources does not exceed INR 2.50 lakh.
- Complimentary Scholarships offered by Official Authorities
Apart from the above mentioned, students could also apply for scholarships offered by other official bodies. IIM Visakhapatnam encourages students to opt for merit-based scholarships offered by the state and central government or even private bodies.
Students can also explore the scholarships at the official NSP portal i.e. National Scholarship Portal through https://scholarships.gov.in/ and apply as per the eligibility criteria of the respective scheme.
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IIM Visakhapatnam Scholarships Eligibility Criteria and Procedure
Eligibility- All those PGP students whose annual household income is less than INR 5,00,000/- (Rupees Five Lakh only) are eligible to apply for Scholarships at IIM Visakhapatnam. In case of unexpected foreseen circumstances, students may also be eligible to apply for such financial aid.
Procedure for Alloting Scholarships-
- The Financial Aid Committee has set certain guidelines for deciding the number of awardees and amount of financial aid. It is a two-step process of which the first step involves scoring the students based on following factors:-
- Educational Qualifications
- Work Experience (if any)
- Annual Gross Household Income (including income of the student if employed before joining IIMV and outstanding loans if any, provided they were not taken for conspicuous consumption)
- Household Savings
- Real Estate Assets
- Other Assets
- After having gone through the above factors, students shall be called for a personal interaction with a faculty panel. Thereby having understood the genuineness of need for financial aid, students shall be scored a Financial-need Score.
- The overall weighted average of the scores thus yielded would decide if students would get a 100%, or 25% scholarship.
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What documents are needed to apply for Scholarships at IIM Visakhapatnam?
The following documents are essential for applying for IIM visakhapatnam Financial Assistance:-
- Income Certificate for the immediately preceding financial year
- IT Returns for the last two years
- Household Savings documents: Includes all savings and investments such as bank savings accounts, PPF, term deposits, savings certificates, investments in bonds, mutual funds, equity, etc. of self and all members of the family.
- Property documents: Includes any real estate asset, such as apartment, home, or land ownership.
- Loan Documents (if any)
- EMI payment receipts (if any)
How to apply for scholarships at IIM Visakhapatnam?
The basic procedure for applying for Scholarships at IIM Visakhapatnam are as follows:-
Step 1:- Visit the official link where you would wish to get financial aid from. It could be IIM Visakhapatnam website or NSP Portal i.e. https://scholarships.gov.in/ or among some other official bodies.
Step 2:- Look out for the scholarship programmes going live at the portal visited.
Step 3:- Arrange the required documents for the scholarship scheme applicable. Some of the mutual documents might include Income Certificate, IT Returns for the last two years, Household Savings documents, Property documents, and other asset documents (Affluence) such as Two-wheeler, Four-Wheeler, Washing Machine, Refrigerator, Home theater, AC, TV, Digital/Video camera etc. Some optional documents may include Loan Documents and EMI payment receipts.
Step 4:- Apply for the scholarship post completing the eligibility criteria and documentations. Save the temporary/ permanent ID generated for future reference.
For more details click here IIM Visakhapatnam Cutoff
IIM Visakhapatnam Scholarships FAQs
Ques. What are the scholarships offered at IIM Visakhapatnam?
Ans. There are need based scholarships offered by IIM Visakhapatnam for different categories like SC, ST, minorities and so on.
Ques. What are important documents required for applying at IIM Visakhapatnam Scholarships?
Ans. Some of the important documents related to scholarships at IIM Visakhapatnam include Income Certificate, IT Returns for the last two years, Household Savings documents, Property documents and so on.
Ques. What is AN NSP Portal?
Ans. National Scholarship Portal which allows students to access various scholarship programmes during their years of learning in colleges or schools.
Ques. What is the recent PGP merit based scholarship?
Ans. IIM Visakhapatnam offers PGP Scholarships to 2nd year top 2 students as a fee waiver of an amount up to INR 6 lakhs.
Ques. What is the Financial need score?
Ans. On analyzing the student’s need for financial aid, a financial need score is generated after personal interaction with students. This overall score is called the financial need score.
Ques. What is the eligibility criteria for availing scholarships?
Ans. Students with an annual household income less than INR 5,00,000 lakhs are eligible for IIM Visakhapatnam Scholarships.
IIM Visakhapatnam: 7 Answered Questions
How is the mess food at IIM Visakhapatnam?
Food served at IIM Vishakhapatnam’s mess is generally decent and edible. One does not have to frequently resort to ordering food from outside. The recent supplier is a 4-star hotel in Visakhapatnam.
- They offer a wide variety of cuisine satisfying the taste buds of everyone including vegetarians, non-vegetarians, and egg lovers.
- The utensils of both vegetarian and non-vegetarian are separate and so are the cutlery.
- The mess follows a 4-meal per-day program comprising breakfast, lunch, snacks, and dinner
- A 24/7 working coffee vending machine is also available in every hostel
- The serving staff is polite and caters to the issues of all the students
- Great importance is given to hygiene and safe food handling
- In case of illness you can ask the hostel committee to get you separate food from outside
- Students who fast can also get their special food by informing the hostel committee beforehand.
- The menu includes both North and South Indian dishes. Other than the main course the students also get Fruits, milk, tea, and coffee.
Such amazing mess facilities make it easy for the students to live a comfortable hostel life without missing homemade food much.
How is IIM Visakhapatnam so far, can anyone shed some light over infrastructure, library and faculty? Why should I choose IIM V over other IIMs?
Classrooms
The classroom facilities at IIM Visakhapatnam are no joke and even IIM Bangalore professors were impressed by the classroom infrastructure. The classrooms are horse-shoe shaped elevated at every step to facilitate better professor and student contact.
Library
For book lovers, IIM Vishakhapatnam’s library is heaven. The vast library with 24-hour accessibility makes it one of the best. The librarian is very polite and is always on the hunt of bringing the best reads to the library. She even meets the professors and asks for their recommendations for the same. The library also has around 25 different subscriptions. Some of them include The Economist, EPW, Harvard Business Review, and MIT Sloan management.
Faculty
Most of the faculty is from the top B school IIM Bangalore and speaks of credibility. They are learned, experienced and passionate about teaching.
Crowd
Your batchmates will be people from various backgrounds, professions, and cultures. This ensures an all-round learning experience.
So people choose IIM Visakhapatnam over other IIMs because of such facilities and the best opportunities it has to offer.
Is it worth joining IIM Vizag leaving behind the offer from IIM Nagpur?
As a student of the institution, it is important to recognize that comparing institutes can be problematic, as each institution has its own unique strengths and weaknesses. However, when considering institutes within the Indian Institutes of Management (IIMs) system, it is worth noting that the IIM in Visakhapatnam (IIM Vizag) has a reputation for offering strong academic programming and decent placement opportunities.
This is something that sets it apart from some of the other IIMs and is something that students may want to take into consideration when deciding which institution to attend.
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 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.
IIM Visakhapatnam Facilities
You can check here to see what types of facilities IIM Visakhapatnam provides.
IIM Visakhapatnam Faculty
Basic Information about the Faculty of IIM Visakhapatnam
IIM Visakhapatnam College Details
Basic Information About the Colleges
Visakhapatnam - 530003
Andhra Pradesh, India
IIM Visakhapatnam Latest News
IIM Visakhapatnam MBA Summer Placement 2022-24, Highest Stipend Offered at INR 2.5 Lakh
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