Indian Institute of Management Bangalore (IIMB) is one of the premier management institutes in India, known for its cutting-edge curriculum, world-class faculty, and vibrant campus life. Established in 1973, IIM Bangalore has consistently been ranked among the top business schools in India and globally. It offers a range of management programs aimed at preparing leaders for today’s dynamic business environment.
In this guide, we will explore the courses, fees, placement statistics, and the admission process for IIM Bangalore for 2024. Additionally, a FAQ section will help answer some common queries.
Courses Offered at IIM Bangalore
IIM Bangalore offers various programs catering to different stages of a professional’s career, ranging from postgraduate to doctoral programs.
- Post Graduate Programme in Management (PGP)
Duration: 2 years
Eligibility: Bachelor’s degree with at least 50% marks. Candidates are selected based on the CAT score.
Details: The PGP is IIM Bangalore’s flagship program, designed to nurture leadership skills and a deep understanding of business strategies. The curriculum includes core courses in the first year, followed by electives in the second year, offering students the flexibility to tailor their education.
- Executive Post Graduate Programme in Management (EPGP)
Duration: 1 year
Eligibility: Minimum of 5 years of work experience, a valid GMAT/GRE score, and a bachelor’s degree.
Details: The EPGP is aimed at professionals seeking to enhance their leadership capabilities. It covers a variety of management topics and focuses on real-world applications.
- Post Graduate Programme in Business Analytics (PGP-BA)
Duration: 2 years
Eligibility: Bachelor’s degree with at least 50% marks and a valid CAT score.
Details: PGP-BA focuses on providing knowledge of business analytics to help students excel in data-driven decision-making in diverse industries.
- Post Graduate Programme in Enterprise Management (PGPEM)
Duration: 22 months (weekend-based)
Eligibility: A bachelor’s degree and a minimum of four years of work experience.
Details: PGPEM is designed for working professionals who want to gain managerial skills while continuing with their careers.
- Fellow Programme in Management (FPM)
Duration: 5 years
Eligibility: Master’s degree or equivalent in any discipline, or a professional qualification like CA, ICWA, CS, with at least 55% marks.
Details: The FPM is a doctoral-level program aimed at those who want to pursue academic research or teaching careers in management.
- Post Graduate Programme in Public Policy and Management (PGPPM)
Duration: 1 year
Eligibility: Bachelor’s degree with a minimum of 5 years of work experience.
Details: The PGPPM is aimed at mid-career professionals looking to specialize in public policy and management. The program blends policy formulation and execution with management education.
Fees Structure for IIM Bangalore (2024)
IIM Bangalore’s fee structure varies depending on the program chosen. Below are the approximate fees for the various courses:
PGP (MBA): INR 24-25 Lakhs for two years
EPGP: INR 29-30 Lakhs for one year
PGP-BA: INR 24-25 Lakhs for two years
PGPEM: INR 19-20 Lakhs
FPM: There is no fee for the Fellow Programme. Students are provided stipends.
PGPPM: INR 18-20 Lakhs
These fees cover tuition, library access, hostel accommodation, and most other academic facilities. Scholarships and financial aid are available based on merit and need.
Placement at IIM Bangalore
IIM Bangalore has an excellent placement record, with top companies from various sectors participating in the recruitment process each year.
- PGP Placement
Average Salary: INR 35-36 Lakhs per annum (LPA)
Highest Salary (Domestic): INR 80+ LPA
Highest Salary (International): INR 1.2 Crores per annum
Top Recruiters: McKinsey, BCG, Bain & Company, Goldman Sachs, Amazon, Microsoft, and Tata Consultancy Services (TCS).
- EPGP Placement
Average Salary: INR 31-32 LPA
Highest Salary: INR 70-75 LPA
Top Recruiters: Consulting firms, IT companies, financial services, and product management roles in firms like Deloitte, PwC, Accenture, Google, and Amazon.
- Industry-Wise Breakdown
Consulting: 30-35%
Technology: 20-25%
Finance: 15-20%
E-commerce: 10-12%
Others: FMCG, Healthcare, Startups
IIM Bangalore’s Career Development Services team plays a crucial role in facilitating placements and internships for students, ensuring a seamless recruitment process.
Admission Process for IIM Bangalore (2024)
The admission process for IIM Bangalore varies depending on the course you are applying for. Here’s a breakdown of the general admission criteria:
- For PGP (MBA) and PGP-BA
Entrance Exam: Common Admission Test (CAT)
Shortlisting Criteria: A combination of factors such as CAT score, academic performance (Class X, XII, and undergraduate), work experience, and diversity (gender and academic).
Final Selection: Based on CAT score, Written Ability Test (WAT), and Personal Interview (PI). Weightage is also given to work experience and academic background.
- For EPGP
Entrance Exam: GMAT/GRE
Selection Process: Shortlisted candidates are invited for a Personal Interview based on their entrance exam score, work experience, and academic background.
Additional Criteria: Leadership potential and significant achievements in their field of work are given weightage.
- For PGPEM
Entrance Exam: GMAT/GRE/CAT/IIMB Test
Selection Process: Work experience and a Statement of Purpose (SOP) play a significant role in the selection process, followed by an interview.
- For FPM
Entrance Exam: CAT/GMAT/GRE/GATE/JRF (NET)
Selection Process: Based on entrance exam scores, past academic records, and personal interviews.
- For PGPPM
Selection Process: Based on work experience, a personal interview, and a Statement of Purpose. Government officials can apply through sponsorship from their respective departments.
Frequently Asked Questions (FAQs)
- What is the eligibility for IIM Bangalore’s PGP program?
Candidates need a bachelor’s degree with at least 50% marks and a valid CAT score. The final selection is based on the CAT score, academic record, WAT, PI, and work experience.
- How is the placement at IIM Bangalore?
IIM Bangalore has an outstanding placement record, with the average salary for the PGP batch around INR 35-36 LPA. Top firms like McKinsey, BCG, and Amazon frequently recruit from the institute.
- Is financial aid available at IIM Bangalore?
Yes, IIM Bangalore offers need-based scholarships and merit-based financial aid to eligible students. Loans are also available through partner banks.
- What is the fee for the EPGP at IIM Bangalore?
The total fee for the EPGP (one-year MBA) is approximately INR 29-30 Lakhs.
- How competitive is the admission process for IIM Bangalore?
IIM Bangalore’s admission process is highly competitive, particularly for the PGP program, where CAT scores above the 98th percentile are often needed for consideration.
- What is the duration of the FPM program at IIM Bangalore?
The FPM (doctoral program) is typically completed in five years, but the actual duration can vary based on the research progress.
- Is hostel accommodation available at IIM Bangalore?
Yes, IIM Bangalore provides hostel facilities for all full-time programs, including PGP and FPM students. The cost is included in the program fee.
Conclusion
IIM Bangalore remains a top choice for aspiring business leaders due to its rigorous academic programs, stellar placement record, and the strong global reputation of its alumni network. The variety of programs offered ensures that students at different stages of their careers can find the right fit. If you aim to excel in the corporate world or academia, IIM Bangalore offers a platform to achieve those goals.
