All You Need to Know about the Top 5 IIMs

All You Need to Know about the Top 5 IIMs

The Indian Institutes of Management (IIMs) are autonomous educational and research organisations for management studies. There are around 20 IIMs in total in India located in different parts of the country. IIM is not only India’s best management institute but is also emerging to be among top business schools all over the world. IIM Calcutta and IIM Ahmedabad are the oldest IIMs being established in 1961. IIM Jammu is the latest IIM which was recently established in 2016. The establishment of IIMs was initiated by India’s first Prime Minister- Pandit Jawaharlal Nehru. As the IIMs are autonomous, there is no interference from any government bodies. The decision for all the day-to-day activities is taken by the respective IIMs themselves.

Also Read: MAH CET 2020

The flagship programme across all the IIMs is the two-year Post-Graduate Program in management. IIMs have also started offering a Masters in Business Administration (MBA). Graduates who have more work experience can also apply for one-year Post Graduate Programmes offers by some IIMs. Some IIMs offer Fellow Programme in Management (FPM) which is equivalent to PhD around the world.

Doing an MBA from an IIM is considered prestigious in no just in India but all over the world. IIM also offer placements to its students. There are two placement seasons at the IIMs- The Summer Internship Placement and The Final Placement.

Summer Internship Placement:

Summer internship placements are the internships that the students do in their summer breaks. The experience before actually stepping out from the campus is also of extreme importance. The internship is for two months. Getting into a good IIM does not guarantee an internship with a hefty salary. The salary differs according to the company and the role you play in that company.

Final Placement:

Final Placements are conducted after the student has completed his/her degree/diploma. Companies like Accenture, Deloitte and many other top countries conduct campus interviews for the students. Everything that the students have done during his/her life at the IIM. Companies shortlist student on the basis of their academic performances. Extra-curricular activities, responsibilities are taken for events at the college and the competitions won are also important criteria.

IIMs are ranked on the basis of their level of education, the facilities they provide, and the kind of companies that come for campus interviews.

The top 5 IIMs are:

  1. Indian Institute of Management Ahmedabad
  2. Indian Institute of Management Bangalore
  3. Indian Institute of Management Calcutta
  4. Indian Institute of Management Lucknow
  5. Indian Institute of Management Indore

Every candidate who appears for the CAT exam wishes to get into any one of the above IIMs. These IIMs provide a lifetime experience to its students. The students are shaped for their complete professional lives in these two years. The faculty at the IIM are extremely experienced and qualified. Learning is not restricted to theoretical learning but also ample of practical learning is provided. Students are taken to various field visits so they get a practical experience and can implement the theories and concepts that they have learnt in classrooms.

Here’s all you would want to know about all these 5 IIMs:

 

  • IIM Ahmedabad

The Indian Institute of Management, Ahmedabad is located in Gujarat, India. IIM Ahmedabad was established on December 11, 1961. The IIM Ahmedabad was formed due to recommendable support of the Government of India, Government of Gujarat and Harvard Business School. The campus is spread across 102 acres. There is a very good facility for the accommodation of the students across the campus. According to The Government of India MHRD NIRF Ranking 2018, IIM Ahmedabad emerged as the No. 1 Business School in India. A number of scholarships are offered by the IIM Ahmedabad on various parameters like family income, industry scholarship and academic scholarship. The case studies of IIM Ahmedabad are solved in a lot of Management schools all over the world. The total program fees of IIM Ahmedabad is Rs. 22,00,000/- for PGP students. The fees can increase according to the rate of inflation.

 

  • IIM Bangalore

The Indian Institute of Management, Bangalore is located in Karnataka, India. It was founded on October 28, 1973.  It is ranked the 2nd best Business School in India. It was established after IIM Ahmedabad and IIM Calcutta. The Government of Karnataka played a major role in its establishment. The campus is spread across 100 acres in Karnataka. Indira Gandhi, the then Prime Minister of India, had inaugurated the Indian Institute of Management Bangalore. The total fees for Post Graduate Programme in Management cost approximately Rs. 21,00,000/-. IIM Bangalore also provides a program through online teaching.

 

  • IIM Calcutta

The Indian Institute of Management, Calcutta is located in West Bengal, India. It was the first ever Indian Institute of Management established in India. It was founded in November 1961. The current director of the IIM Bangalore is Anju Seth. After the independence, the Indian Government decided to establish an elite institute for management and this resulted in the establishment of the Indian Institute of Management Calcutta. It is the third best IIM in India. The campus is spread across 105 acres in Joka, located on the outskirts Kolkata. It is observed that there is 100% placement for the IIM Calcutta students in both summer placements and final placements. The average fees is Rs. 22,00,000/-.

 

  • IIM Lucknow

The Indian Institute of Management, Lucknow is located in Uttar Pradesh, India. It was the fourth established Indian Institute of Management by the Government of India. It was established in 1984. The IIM Indore acts as a mentor to the newly established IIMs like the IIM Jammu, IIM Rohtak, and IIM Kashipur. The campus is spread across a huge area measuring around 200 acres. The motto of the institute is ‘Better management towards better nation’. The current director of the IIM Lucknow is Archana Shukla. The fee is approximately Rs. 16,00,000/- per annum. It has a 100% placement record over the years. The top recruiters are Aditya Birla Group, Amazon,  Accenture, Citi, Deloitte, Everest Group, Flipkart, Hinduja, KPMG, PwC, Paytm, Yes Bank and many more.

 

  • IIM Indore

The Institute of Management, Indore is located in Madhya Pradesh, India. The IIM Indore is the sixth IIM to be established in India. IIM Indore was founded in 1996 by the Government of India. The motto of the institute is ‘Achievement is Rooted in Management’. The director of IIM Indore is Himanshu Rai. IIM Indore also has a non-residential campus in Mumbai. Earlier there was no IIM in Mumbai. Its a campus spread across 193 acres in Indore. The approximate fees is Rs. 16,00,000/- with around 451 seats available.

The following are the selection criteria to get into the Top 5 IIMs:

  • Common Admission Test (CAT)

The first step to getting into an IIM is appearing for the Common Admission Test (CAT). The exam is of 300 marks consisting of 3 sections, each section carrying 100 marks. The exam is for 3 hours and the candidate has to pay Rs. 2000 for registration. The candidate has to have a bachelor’s degree in order to appear for the exam. The marks of the student are converted into a percentile. Depending upon the candidate’s percentile and the IIMs he/she has applied, the candidate will get a response from an IIM.

Register For CAT 2019: Official CAT website

  • Written Ability Test

After getting a call from an IIM the candidate needs to appear for the written ability test at the respective IIM the candidate has been called from. The Written Ability Test (WAT) is a written test for about 15-30 minutes. It is conducted to test how the candidate can effectively convey his/her thoughts about the given topic in a different and unique way. The questions usually asked are from the current political, economic, social and business affairs. The candidate must be able to express his/her ideas.

  • Personal Interview

After the written ability test, the candidate is called for a personal interview at the IIM. The candidate has to leave a good impression in the minds of the panel. This round is conducted in order to know the candidate’s speaking skills and the kind of personality the candidate possesses.

  • Ratings of the candidate

The candidate has ratings according to the marks he/she has scored in 10th, 12th and Bachelor’s degree.

The rating for the following exams as follows:

For standard 10:

Per cent score

Rating

Less than or equal to 55

1

More than 55 or less than or equal to 60

2

More than 60 or less than or equal to 70

3

More than 70 or less than or equal to 80

5

More than 80 or less than or equal to 90

8

More than 90

10

 

For standard 12:

Science

Commerce

Arts

Ranks

Less than or equal to 55

Less than or equal to 50

Less than or equal to 45

1

More than 55 or less than or equal to 60

More than 50 or less than or equal to 55

More than 45 or less than or equal to 50

2

More than 60 or less than or equal to 70

More than 55 or less than or equal to 65

More than 50 or less than or equal to 60

3

More than 70 or less than or equal to 80

More than 65 or less than or equal to 75

More than 60 or less than or equal to 70

5

More than 80 or less than or equal to 90

More than 75 or less than or equal to 90

More than 70 or less than or equal to 85

8

More than 90

More than 90

More than 85

10

For Bachelor’s Degree and Professional Courses:

Bachelor’s Degree

Professional Courses

Rank

Less than or equal to 55

Less than or equal to 50

1

More than 55 or less than or equal to 60

More than 50 or less than or equal to 53

2

More than 60 or less than or equal to 62

More than 53 or less than or equal to 55

3

More than 62 or less than or equal to 65

More than 55 or less than or equal to 57

5

More than 65 or less than or equal to 70

More than 57 or less than or equal to 63

8

More than 70

More than 63

10

 

  • Reservations

As per government policies, IIMs follow the reservation system for the allocation of their seats. The reservations are as follows:

Category

Seats Reserved (in percentage)

Other Backward Class (OBC)

27%

Schedule Cast (SC)

15%

Schedule Tribe (ST)

7.5%

Persons with Disabilities (PWD)

3%

 

  • Non-Engineers

Majority of the students appearing for the CAT exam are engineers. This is because most of the engineers are really good with problem solving and mathematics. But, the IIMs these days are more interested in the candidates who are from diverse backgrounds other than engineering. They aim at having students with different minds and diverse ways of thinking.

  • Female Candidates

The number of male candidates exceeds the number of female candidates appearing for CAT with a huge margin. For CAT 2018, there around 1,36,075 male candidates and around 73,326 female candidates. The ratio is imbalanced. This has urged to the IIMs to select female candidates over the male ones.

 

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