The Indian Institute of Management Visakhapatnam (IIM Visakhapatnam) is a prestigious management institute in India. Ranked 29th among the top 100 management institutions in the country by NIRF 2023, it was established in 2015 under the Ministry of Human Resource Development, Government of India. As one of the newer IIMs, it operates under the mentorship of IIM Bangalore, leveraging its expertise and academic excellence.

Applicants interested in enrolling in courses at IIM Visakhapatnam must meet the minimum eligibility criteria set for their chosen program. The program fees range from INR 10,80,000 to INR 16,50,000, covering various components like tuition fees, hostel charges, library deposits, and one-time fees. Certain elements of the fee structure are one-time charges, while others are recurring annually or per semester.

Below is a detailed breakdown of the course fees for different programs offered by IIM Visakhapatnam.

IIM Visakhapatnam offers a two-year, full-time PGP/MBA program at the postgraduate level. Candidates must hold a Bachelor’s degree with a minimum of 50% marks or equivalent CGPA (45% for SC/ST/PwD categories) or an equivalent qualification recognized by the Ministry of Education, Government of India. This includes qualifications like the Associate Membership Examination (AMICE) of the Institution of Civil Engineers (India).

Eligibility also extends to those appearing for the final year of their Bachelor’s degree or equivalent qualification examination and candidates who have completed degree requirements but are awaiting results. Admission is based on performance in the CAT exam and a Personal Interview.

Key Details:

• Total Tuition Fees: ₹16.1L - ₹16.5L
• Eligibility Criteria: Undergraduate degree with at least 50% aggregate (55% aggregate is a misprint, 50% aligns with IIM norms).
• Accepted Exams: CAT

Summer Placements (Batch 2023-25):

• Placement Rate: 100%
• Highest Stipend: INR 2,40,000
• Average Stipend: INR 69,238
• Recruiters: 172 companies participated.
• Top Recruiting Sector: Manufacturing, contributing to 23% of the total placements.

Final Placements (Batch 2022-24):

• Placement Rate: 100%
• Highest Package: INR 43.25 LPA
• Average Package: INR 15.61 LPA
• International Offers: 4, with an average package of INR 19.5 LPA.
• Top Recruiting Sector: BFSI, with 34% of placements.

Final Placements (Batch 2021-23 - PGP):

• Placement Rate: 100%
• Highest Package: INR 32.65 LPA
• Average Package: INR 16.61 LPA
• Experienced Candidates' Average Package: INR 18.32 LPA.

IIM Visakhapatnam continues to maintain a strong placement record, attracting top recruiters across industries, with BFSI and Manufacturing emerging as prominent sectors.

IIM Visakhapatnam provides scholarships to support financially unstable students, aiming to ensure that deserving candidates can pursue their education without constraints. PGP students with an annual household income below INR 6,00,000 are eligible to apply for financial aid. Additionally, students facing significant financial challenges due to unforeseen circumstances are also considered for assistance.

Scholarship Selection Process

The selection involves a two-step process:

1. Initial Evaluation:
   Students are assigned a Financial-status Score based on the following criteria:

   • Annual Gross Household Income: Includes the student’s income before joining IIMV and any outstanding loans (excluding loans for luxury items).
   • Household Savings: Savings held by the student and family.
   • Real Estate Assets: Owned properties.
   • Other Assets: Includes movable assets such as vehicles and household appliances.

2. Personal Interaction:
   Shortlisted candidates are invited for an interaction with a faculty panel. The panel evaluates the financial need and verifies the authenticity of details provided in the application. Based on this, a Financial Score is assigned.

The final financial aid decision is based on a weighted average of these scores, with eligible students receiving 100%, 80%, 60%, 40%, or 20% financial aid.

Required Documents

Applicants must prepare the following documents at the time of program registration:

• Income Certificate
• IT Returns for the past two years
• Household Savings Documents
• Property Documents
• Other Asset Documents (e.g., vehicles, appliances)
• Loan Documents (if applicable)
• EMI Payment Receipts (if applicable)

This systematic process ensures that financial assistance is distributed equitably among deserving students.