The Indian Institute of Management Visakhapatnam (IIM Visakhapatnam) is a premier institution established in 2015. Known for its exceptional faculty, strong industry connections, and innovative curriculum, IIM Visakhapatnam has quickly gained prominence among the new IIMs. Located in the scenic city of Visakhapatnam, the institute offers a range of management programs tailored to equip students with the knowledge and skills necessary for leadership roles in diverse industries. Here’s a detailed overview of IIM Visakhapatnam’s courses, fees, placements, and admission process for the year 2024.
- About IIM Visakhapatnam
Establishment: 2015
Location: Visakhapatnam, Andhra Pradesh
Affiliation: Ministry of Education, Government of India
Campus: Located in the picturesque city of Visakhapatnam, the campus provides a vibrant environment that promotes holistic development.
- Courses Offered at IIM Visakhapatnam
a) Post Graduate Program in Management (PGP)
Duration: 2 years (full-time)
Eligibility: Bachelor’s degree with a minimum of 50% marks (or equivalent CGPA) for general category; 45% for SC/ST/PWD categories.
Specializations: Finance, Marketing, Operations, Human Resource Management, and Strategy.
Program Structure: The PGP curriculum includes core courses in the first year and electives in the second, providing flexibility for students to specialize.
b) Executive MBA Program (PGPEx)
Duration: 2 years (part-time)
Eligibility: Bachelor’s degree, minimum of 3 years of work experience.
Objective: Designed for working professionals who wish to upgrade their managerial skills while continuing their job.
c) Doctoral Program in Management (Ph.D.)
Duration: 4-5 years
Eligibility: Master’s degree or equivalent in relevant disciplines with a minimum of 55% marks.
Specializations: Economics, Finance, Marketing, Operations, Human Resources, and Organizational Behavior.
d) Management Development Programs (MDP)
Duration: Short-term (ranging from a few days to weeks)
Target Audience: Mid-level and senior professionals aiming to develop specific skills.
- Fees Structure for 2024
a) PGP Program
Total Tuition Fees: Approx. INR 15-17 Lakhs for two years
Additional Charges: Hostel, mess, and other incidental charges.
b) Executive MBA (PGPEx)
Total Fees: Approx. INR 10-12 Lakhs for the entire program.
Additional Charges: Examination fees, resource fees, and travel expenses for on-campus modules.
c) Ph.D. Program
Fees: Minimal, as it is mostly funded. Scholarships and stipends are provided for selected candidates to cover expenses.
d) MDP Programs
Fees: Varies based on program duration and type, generally ranging from INR 50,000 to INR 2,00,000.
Note: The above fee structure is indicative and may vary. Scholarships and financial assistance are available for eligible students.
- Placement Process and Statistics 2024
a) Placement Highlights
Highest CTC (2023): INR 32 LPA
Average CTC (2023): INR 15-17 LPA
Top Recruiters: Deloitte, Amazon, KPMG, Cognizant, Infosys, ICICI Bank, TATA Steel, and others.
b) Placement Process
Pre-Placement Talks (PPTs): Companies present their culture, roles, and expectations to students.
Summer Internships: First-year students are placed in summer internships, which often serve as a prelude to final placements.
Final Placement Drive: Conducted in the second year, where students are recruited for full-time positions across various sectors.
c) Sector-Wise Placements
Consulting: 30%
IT/ITES: 25%
Finance: 20%
Marketing: 15%
Operations and Others: 10%
IIM Visakhapatnam’s placement cell is highly active, ensuring robust industry connections that facilitate placements across top-tier companies in India and abroad.
- Admission Process for 2024
a) PGP Program Admission
Eligibility: A valid CAT score; Bachelor’s degree with required minimum marks.
Selection Process:
Step 1: Candidates are shortlisted based on CAT score.
Step 2: Shortlisted candidates are called for Written Ability Test (WAT) and Personal Interview (PI).
Step 3: Final selection is based on CAT score, academic performance, WAT/PI performance, and work experience.
b) Executive MBA (PGPEx) Admission
Eligibility: Minimum 3 years of work experience and a Bachelor’s degree.
Selection Criteria: GMAT/GRE/CAT scores or IIMV Test scores, followed by a personal interview.
c) Ph.D. Admission
Eligibility: Master’s degree in relevant field; candidates may be required to submit GRE/GMAT/CAT/JRF scores.
Selection Process: Shortlisting based on academic profile and research proposal, followed by an interview.
d) Application Process
Online Application: Submit applications through the IIM Visakhapatnam official website.
Application Fee: Ranges from INR 500 to INR 2000 depending on the program.
- Scholarships and Financial Assistance
IIM Visakhapatnam offers scholarships based on merit and need, aiming to provide financial support to deserving students. Scholarships are offered under various government schemes, merit-based scholarships, and support for SC/ST and economically weaker sections.
- Campus and Infrastructure
Classrooms and Learning Facilities: State-of-the-art classrooms, advanced digital learning tools, and well-equipped seminar halls.
Library: A rich collection of books, journals, and online databases to support research and academic excellence.
Hostels: Comfortable, modern hostels with internet connectivity, common rooms, and recreational areas.
Sports and Recreation: Facilities for sports such as badminton, basketball, and table tennis, along with gym facilities.
Innovation Lab: A dedicated space for students to explore entrepreneurship and innovation.
- Faculty and Academics
IIM Visakhapatnam boasts a team of highly qualified faculty from reputed institutions. The institute also invites industry experts and visiting faculty from other IIMs to provide a broader learning experience. The academic approach focuses on case studies, projects, and experiential learning, helping students develop practical and analytical skills essential for the corporate world.
- Student Life at IIM Visakhapatnam
Student Clubs: Students actively participate in various clubs such as finance, marketing, consulting, cultural, and sports clubs.
Events and Competitions: The institute organizes annual festivals, industry seminars, and national-level competitions, encouraging students to engage in extracurricular activities.
Alumni Network: IIM Visakhapatnam has a growing alumni network that provides support and mentorship to current students.
FAQs
- What is the cut-off CAT score required for admission to IIM Visakhapatnam?
The CAT cut-off varies yearly, but a score of around the 90th percentile or above is generally required for shortlisting. - Are there scholarships available at IIM Visakhapatnam?
Yes, IIM Visakhapatnam offers several scholarships based on merit and need. Government scholarships are also available for students from reserved categories and economically weaker sections. - What is the fee structure for the PGP program at IIM Visakhapatnam?
The total fees for the PGP program are approximately INR 15-17 lakhs for two years, excluding hostel and mess charges. - Does IIM Visakhapatnam offer hostel facilities?
Yes, hostel facilities are available for students with all essential amenities. - Can international students apply to IIM Visakhapatnam?
Yes, international students can apply through valid GMAT scores. They need to meet the eligibility and selection criteria. - How are the placements at IIM Visakhapatnam?
Placements at IIM Visakhapatnam are excellent, with top recruiters from various industries offering competitive salary packages. The average CTC in 2023 was around INR 15-17 LPA. - Is prior work experience necessary for the PGP program?
No, prior work experience is not mandatory for the PGP program but can be beneficial in the selection process. - How does IIM Visakhapatnam support entrepreneurship?
IIM Visakhapatnam has an incubation center and offers resources for students interested in entrepreneurship, including mentorship and networking opportunities.
Conclusion
IIM Visakhapatnam stands out as a dynamic institution offering a blend of rigorous academic programs, excellent placement support, and a nurturing environment for leadership and innovation. From its flagship PGP program to its Ph.D. and Executive MBA offerings, IIM Visakhapatnam provides an array of choices for aspiring managers and researchers. With its experienced faculty, industry connections, and an expanding network of alumni, the institute continues to cement its reputation as one of the top choices among new-generation IIMs. Whether you are a fresh graduate or a working professional, IIM Visakhapatnam’s programs are designed to help you achieve your career aspirations while cultivating a global perspective on management practices.
