Indian Institute of Management in India

IIM India

IIM institute in India or IIM in India is also known as Indian institute of management in India however IIM stands for Indian Institute of Management. These are a group of autonomous public management institutes in India that offer postgraduate, doctorate and executive training courses in management. The IIM’s India or IIMs are recognized as some of the premier management institutions in India and are known for their rigorous curriculum and high academic standards. The first IIMs were established in the early 1960s, and since then, several more have been set up across the country, each operating independently under the oversight of the Indian Ministry of Education.

IIM Top Colleges

As of 2024, there are 21 Indian Institutes of Management (IIMs) in India. These are autonomous institutions and IIM top colleges that offer various management programs. IIM colleges are:

• 1. IIM Ahmedabad (Established 1961) - Gujarat

• 2. IIM Bangalore (Established 1973) - Karnataka

• 3. IIM Calcutta (Established 1961) - West Bengal

• 4. IIM Lucknow (Established 1984) - Uttar Pradesh

• 5. IIM Indore (Established 1996) - Madhya Pradesh

• 6. IIM Kozhikode (Established 1996) - Kerala

• 7. IIM Shillong (Established 2007) - Meghalaya

• 8. IIM Raipur (Established 2010) - Chhattisgarh

• 9. IIM Ranchi (Established 2010) - Jharkhand

• 10. IIM Rohtak (Established 2010) - Haryana

• 11. IIM Kashipur (Established 2011) - Uttarakhand

• 12. IIM Trichy (Established 2011) - Tamil Nadu

• 13. IIM Udaipur (Established 2011) - Rajasthan

• 14. IIM Amritsar (Established 2015) - Punjab

• 15. IIM Bodh Gaya (Established 2015) - Bihar

• 16. IIM Nagpur (Established 2015) - Maharashtra

• 17. IIM Sambalpur (Established 2015) - Odisha

• 18. IIM Sirmaur (Established 2015) - Himachal Pradesh

• 19. IIM Visakhapatnam (Established 2015) - Andhra Pradesh

• 20. IIM Jammu (Established 2016) - Jammu & Kashmir

• 21. IIM Mumbai (Formerly NITIE) - Maharashtra

Note: These IIMs offer a variety of postgraduate, doctoral, and executive education programs, each known for its rigorous admission process, high-quality education, and excellent placement opportunities.

IIM MBA Fees, IIM Salary & IIM Rank

Here's an overview of the IIM fees, IIM average salary, and IIM highest package 2023, placement details, IIM Rank for several of the Indian Institutes of Management (IIMs) as of 2023-2024:

IIM Ahmedabad (IIM A)

NIRF Ranking: 1

IIM A Fees: Approximately ₹23 lakhs

IIM A Highest Salary Package: ₹61.49 LPA

IIM A Average Salary Package: ₹32.8 LPA

Popular for: It's the oldest and consistently ranked as the top IIM, known for its Post Graduate Programme in Management and strong placement records.

IIM Bangalore (IIM B)

NIRF Ranking: 2

IIM B Fees: Around ₹23 lakhs

IIM B Highest Salary Package: ₹80 LPA

IIM B Average Salary Package: ₹33.82 LPA

IIM B Popular for: Known for a strong focus on entrepreneurship, innovation, and general management programs.

IIM Kozhikode (IIM K)

NIRF Ranking: 3

IIM K Fees: Around ₹20.5 lakhs

IIM K Highest Salary Package: ₹61.5 LPA

IIM K Average Salary Package: ₹29.5 LPA

IIM K Popular for: Its interactive learning programs and a strong emphasis on leadership and social impact.

IIM Calcutta (IIM C)

NIRF Ranking: 4

IIM C Fees: About ₹27 lakhs

IIM C Highest Salary Package: ₹1.15 CPA

IIM C Average Salary Package: ₹34.2 LPA

IIM C Popular for: Excelling in finance-related courses and providing a robust environment for scholarly research.

IIM Lucknow (IIM L)

NIRF Ranking: 6

IIM L Fees: Approximately ₹19.25 lakhs

IIM L Highest Salary Package: ₹1 CPA

IIM L Average Salary Package: ₹32.23 LPA

IIM L Popular for: Its rigorous curriculum in Post Graduate Programs and International Programme in Management for Executives.

IIM Mumbai (IIM M)

NIRF Ranking: 7

IIM Mumbai Fees: ₹21 lakhs.

IM Mumbai Highest Salary Package: ₹49 LPA.

IM Mumbai Average Salary Package: ₹25.4 LPA.

IM Mumbai Placement Rate: 100%

IM Mumbai Popular for: It distinguishes itself particularly in operations and supply chain management due to its historical roots in industrial efficiency. This specialization makes IIM Mumbai unique among the Indian Institutes of Management, which are traditionally known for broader management programs.

IIM Indore (IIM I)

NIRF Ranking: 8

IIM Indore Fees: Roughly ₹17 lakhs

IIM Indore Highest Salary Package: ₹1.14 CPA

IIM Indore Average Salary Package: ₹30.21 LPA

IIM Indore Popular for: Offering a range of programs including the Five Year Integrated Programme in Management which is unique among the IIMs.

IIM Raipur (IIM R)

NIRF Ranking: 11

IIM Raipur Fees: ₹15.92 lakhs

IIM Raipur Highest Salary Package: ₹67.60 LPA

IIM Raipur Average Salary Package: ₹21.04 LPA

IIM Raipur Popular for: Fast-growing with a focus on high-quality research and strong industry connections.

IIM Rohtak

NIRF Ranking: 12

IIM Rohtak Fees: ₹17.55 lakhs

IIM Rohtak Highest Salary Package: ₹48.25 LPA

IIM Rohtak Average Salary Package: ₹19.27 LPA

IIM Rohtak Popular for: Its diverse program offerings including the Integrated Programme in Law and management development programs.

IIM Udaipur (IIM U)

NIRF Ranking: 16

IIM Udaipur Fees: ₹13.54 lakhs

IIM Udaipur Highest Salary Package: ₹46.77 LPA

IIM Udaipur Average Salary Package: ₹20.32 LPA

IIM Udaipur Popular for: Its focus on global best practices and sustainability within the MBA curriculum. The institution managed to secure a 100% placement rate, with the average salary rising by approximately 14% to. A diverse range of sectors including BFSI, Consulting, FMCG, IT, and Manufacturing participated in the recruitment process, showcasing the broad appeal of IIM Udaipur graduates among top recruiters.

IIM Kashipur

NIFR Rank: 19

IIM Kashipur Fees: ₹17.30 lakhs

IIM Kashipur Highest Salary Package: ₹37 LPA

IIM Kashipur Average Salary Package: ₹18.11 LPA

IIM Kashipur Popular For: It is popular for its focus on both academic rigor and the practical aspects of business management. IIM Kashipur emphasizes entrepreneurship and sustainability, aiming to develop managers who can lead in a rapidly changing economic landscape in India and globally. IIM Kashipur has showcased strong performance in its 2023 placement drive, achieving a 100% placement rate. A diverse group of 120 companies participated in the placement process, extending a total of 320 offers to students.

IIM Trichy (IIM T)

NIRF Ranking: 22

IIM Trichy Fees: ₹19.50 lakhs

IIM Trichy Highest Salary Package: ₹41.61 LPA

IIM Trichy Average Salary Package: ₹20.55 LPA

IIM Trichy Popular For: Strong placement performance and providing excellent value for money in its management programs. IIM Trichy has shown robust performance in its 2023 placement drive. The institution enjoys high participation from a variety of sectors, reflecting its strong industry connections and the diverse skill sets of its graduates.

IIM Ranchi

NIFR Rank: 24

IIM Ranchi Fees: ₹15.10 lakhs

IIM Ranchi Highest Salary Package: ₹37.8 LPA

IIM Ranchi Average Salary Package: ₹18.69 LPA

IIM Ranchi Popular For: The institute is particularly noted for its specialized programs in Human Resources Management (HRM) and also offers a strong Post Graduate Program in Management (PGP). IIM Ranchi is known for its focus on experiential learning, which is integrated throughout its curriculum to ensure students gain practical insights and real-world problem-solving skills. IIM Ranchi has maintained a strong placement record in 2024. The program has attracted a wide range of recruiters from various sectors, reflecting its robust industry connections and the diverse skill sets of its graduates.

IIM Shillong (IIM S)

NIFR Rank: 26

IIM Shillong Fees: Approximately ₹14.6 lakhs

IIM Shillong Highest Salary Package: ₹32 LPA

IIM Shillong Average Salary Package: ₹23.1 LPA

IIM Shillong Popular For: It is popularly known for its focus on sustainable development and its emphasis on integrating sustainability into its management education.

IIM Visakhapatnam (IIM V)

NIFR Rank: 29

IIM Visakhapatnam Fees: ₹17.82 lakhs

IIM Visakhapatnam Highest Salary Package: ₹43.25 LPA

IIM Visakhapatnam Average Salary Package: ₹15.64 LPA

IIM Visakhapatnam Popular For: It is popular for its strong focus on providing a contemporary and practical management education that aligns closely with industry demands. The institute emphasizes on innovation, entrepreneurship, and global thinking, which prepares its graduates to tackle modern business challenges effectively. IIM Visakhapatnam has established a strong record in placements and offers a comprehensive MBA program. For the 2024 academic year, the institution has consistently achieved a 100% placement rate over the years.

IIM Jammu ((IIM J)

NIFR Rank: 41

IIM Jammu Fees: ₹18.85 lakhs

IIM Jammu Highest Salary Package: ₹64 LPA

IIM Jammu Average Salary Package: ₹16.50 LPA

IIM Jammu Popular For: It's known for its focus on providing a robust foundation in management education, catering primarily to the emerging needs of management professionals in the Northern regions of India.

IIM Nagpur (IIM N)

NIFR Rank: 43

IIM Nagpur Fees: ₹18.90 lakhs

IIM Nagpur Highest Salary Package: ₹64 LPA

IIM Nagpur Average Salary Package: ₹16.74 LPA

IIM Nagpur Popular For: It's known for its strong emphasis on leadership and its innovative approach to management education. IIM Nagpur focuses on developing entrepreneurial skills among students, fostering an environment that encourages innovative thinking and practical problem-solving. IIM Nagpur has shown impressive performance in its placements for the year 2023. The institution secured 100% placement for its students with a remarkable increase in the average salary, which rose by 10% to reach.

IIM Amritsar

NIFR Rank: 51

IIM Amritsar Fees: ₹17.30 lakhs

IIM Amritsar Highest Salary Package: ₹36.25 LPA

IIM Amritsar Average Salary Package: ₹16.51 LPA

IIM Amritsar Popular For: IIM Amritsar has shown robust placement performance for its MBA program. The institution successfully achieved a 100% placement rate, with more than 120 recruiters participating, which includes prominent companies like Accenture, Amazon, and Cipla among others.

IIM Bodh Gaya

NIFR Rank: 53

IIM Bodh Gaya Fees: ₹17 lakhs

IIM Bodh Gaya Highest Salary Package: ₹48.58 LPA

IIM Bodh Gaya Average Salary Package: ₹16 LPA

IIM Bodh Gaya Popular For: It is popular for its focus on blending traditional management education with contemporary business practices. IIM Bodh Gaya aims to foster an environment of academic excellence and innovation, with a strong emphasis on values and ethics, which prepares students to become responsible leaders in their respective fields. The institution achieved a 100% placement rate for its MBA batch.

IIM Sambalpur

NIFR Rank: 58

IIM Sambalpur Fees: ₹18.01 lakhs

IIM Sambalpur Highest Salary Package: ₹64.61 LPA

IIM Sambalpur Average Salary Package: ₹16.64 LPA

IIM Sambalpur Popular For: IIM Sambalpur encourages students to develop practical solutions to real-world problems, fostering a startup culture that complements its academic offerings. For the 2023 placement session, the institution achieved a 100% placement rate.

IIM Sirmaur

NIFR Rank: 98

IIM Sirmaur Fees: ₹11.75 lakhs

IIM Sirmaur Highest Salary Package: ₹64.12 LPA

IIM Sirmaur Average Salary Package: to ₹14.45 LPA

IIM Sirmaur Popular For: It's known for its focus on sustainability and international exposure. The institute offers unique programs that integrate global business education standards, which is appealing for students looking to have an international perspective in their studies. IIM Sirmaur is also working on enhancing its infrastructure and academic resources to provide better education and research opportunities in management. The institution achieved a 100% placement rate, with the highest salary soaring to.

Common Admission Process 2024

The IIM CAP, or Common Admission Process, is a centralized selection mechanism used by certain Indian Institutes of Management (IIMs) to admit students into their postgraduate management programs. For 2024, this process is coordinated by IIM Kashipur and involves 10 newer and smaller IIMs. The CAP simplifies the admissions by consolidating the evaluation process, primarily focusing on a Personal Interview (PI), and in some cases, a Writing Ability Test (WAT), although the latter has been omitted post-COVID to streamline the process.

During the CAP, all participating IIMs use a combined score from the PI to make admission decisions, also taking into account the candidates' CAT scores, academic records, work experience, and other factors. This unified approach means that candidates do not need to attend separate admission rounds at each IIM, making the process more efficient and less burdensome for applicants.

The final merit list and admission offers are based on performance in the CAP round, along with individual IIMs' admission criteria. To be eligible for CAP, candidates must meet certain academic and CAT score criteria set by the IIMs

CAT Exam Overview

The Common Admission Test (CAT) is a nationwide entrance test in India designed for students who are looking to enroll in graduate management programs like the MBA. This exam stands as one of India's most challenging tests, acting as an entry point to the esteemed Indian Institutes of Management (IIMs) and other leading business schools.

• ⮚ The CAT exam tests a candidate's abilities in various areas including Quantitative Skills (QA), Language Comprehension and Verbal Ability (VARC), and Logical Analysis & Data Interpretation (DILR). The exam is known for its rigorous nature and high level of competition.

• ⮚ Performance in the CAT exam is used by IIMs and other management schools to choose candidates for their business management courses. The selection process post-CAT typically comprises stages of Written Ability Tests, Group Discussions, and Personal Interviews.

• ⮚ CAT is usually conducted in a computer-based format and the questions are known to challenge the aptitude, mathematical skills, and critical reasoning abilities of the candidates.

• ⮚ For those preparing for the CAT exam, it's recommended to focus on enhancing problem-solving skills, improving speed and accuracy in quantitative sections, and developing strong reading and comprehension abilities for the verbal section.

CAT Syllabus

(Common Admission Test) The CAT syllabus for MBA entrance primarily includes three major sections:

• 1. Quantitative Ability (QA)

Time: 40 Minutes

Number of Questions: 22

Syllabus: Focuses on numerical problems and mathematical concepts. Topics typically include algebra, geometry, number systems, permutation and combination, probability, time and work, percentages, and other quantitative techniques.

• 2. Verbal Ability and Reading Comprehension (VARC)

Time: 40 Minutes

Number of Questions: 24

Syllabus: This segment evaluates English language proficiency and understanding capabilities. It includes reading comprehension passages, para jumbles, summary questions, sentence completion, and corrections.

• 3. Logical Reasoning & Data Interpretation (LRDI)

Time: 40 Minutes

Number of Questions: 20

Syllabus: This part assesses a candidate's skill in data interpretation and logical problem-solving. Data Interpretation covers graphs, charts, tables, and data sufficiency. Logical Reasoning involves puzzles, arrangements, series, and logical deductions.

Each section requires a strategic approach to preparation, focusing on practicing specific types of questions and developing time management skills. Reviewing CAT previous year paper and taking mock tests can also be incredibly helpful for understanding the pattern and difficulty level of the exam.

CAT Eligibility

The eligibility requirements for the CAT (Common Admission Test), mainly for entry into the Indian Institutes of Management (IIMs) and various other business schools in India, are quite clear-cut. CAT eligibility requirements:

• ⮚ Educational Qualification: Applicants are required to possess a bachelor’s degree with a minimum of 50% marks or an equivalent CGPA (45% for SC, ST, and PWD/DA categories) from an accredited university.

• ⮚ Final Year Students: Students in their final year of undergraduate study or those awaiting their results may also apply. However, they need to submit a certificate from the principal or registrar of their university confirming that they have met all the requirements necessary for obtaining their bachelor’s degree.

• ⮚ Age Limit: The CAT exam imposes no age restrictions on candidates.

• ⮚ Nationality: The CAT is open to applicants of both Indian and foreign nationality.

It's important for candidates to check the specific eligibility requirements posted by the particular IIM or business school they are interested in, as there might be additional criteria or clarifications.

CAT Preparation & CAT Prep Strategy

To effectively prepare for the CAT exam, consider adopting a structured strategy that encompasses understanding the CAT exam format, the CAT exam syllabus for MBA, rigorous practice, time management, and regular review. Here’s a strategic approach to CAT preparation for CAT exam:

• I. Know the CAT Exam Format and CAT Exam Syllabus

Gain a comprehensive understanding of the CAT exam format and CAT exam syllabus for each segment: Mathematical Skills, Language Skills and Textual Analysis, and Analytical & Logical Assessment. This aids in pinpointing crucial focus areas.

• II. Set a CAT Study Plan

Develop a practical study schedule with designated times for each section. Early in your preparation, focus on learning concepts and solving basic problems, then gradually move to more complex problems and CAT-specific patterns.

• III. Collect the Result-Oriented CAT Study Materials

Choose quality study materials and resources. Recommended books for CAT include Arun Sharma’s series for Quantitative Ability and Logical Reasoning and Norman Lewis’s ‘Word Power Made Easy’ for vocabulary building if you are weak in RC due to vocabulary, Online resources, CAT coaching material, Verbalhub topic-wise CAT tests, Verbalhub sectional CAT test series, Verbalhub test series, and mock tests also play a crucial role.

• IV. Practice, Practice, and Practice

Consistent practice is essential for mastering the CAT exam. Start with topic-wise practice and gradually move to full-length mock tests. Analyzing performance in these tests is vital to pinpoint shortcomings and enhance precision and swiftness.

• V. Develop Time Management

In the CAT exam prep, speed is equally important as accuracy. Practice managing your time efficiently by setting time limits when you practice or take mock tests. Aim to solve easier questions faster to save time for more challenging problems.

• VI. Maintain Error Log

Identify your weak areas early in the preparation process. Spend more time strengthening these areas by practicing more questions from these topics and revisiting the fundamental concepts.

Note: Steadfast dedication and persistence are essential for succeeding in the CAT exam prep. Regularly revisiting your strategy and making necessary adjustments according to your performance in CAT mock tests will also aid significantly in your CAT preparation.

CAT Coaching for CAT Exam Preparation

Enrolling in CAT coaching for CAT exam preparation offers several advantages to CAT aspirants aiming to perform well on the CAT exam. Here are some of the key benefits of CAT coaching for CAT preparation:

• i. Well-Grounded Learning: CAT coaching institutes provide a structured approach to studying, covering all sections of the exam systematically. Thus, students cover every topic and are well-prepared for the types of questions they will face.

• ii. Faculties: CAT provides experienced faculties and trainers who are often exam veterans or subject matter experts. They offer insights and tips that are invaluable, especially for understanding complex topics and strategies of the CAT exam syllabus for MBA for tackling difficult questions.

• iii. CAT Study Materials: CAT Coaching institutes provide comprehensive study materials, including books, worksheets, and mock tests that are crucial for CAT exam preparation. These materials are specially prepared and kept up-to-date with the latest exam patterns.

• iv. Discipline: Regular CAT classes and schedules help instill discipline in students, which is important when preparing for a competitive exam like the CAT. It ensures consistent study hours and timely syllabus completion.

• v. Test Analysis: Test analysis is a core part of CAT coaching as well as CAT exam preparation. Such analysis helps CAT aspirants understand the CAT exam's format and train to manage time and accuracy effectively.

• vi. Doubt Clearing Sessions: CAT Coaching centers offer specialized sessions for clearing doubts, assisting students in addressing particular obstacles they encounter during their CAT preparation. This orientated guidance enhances a student's comprehension and results in the CAT exam.

• vii. GD/PI Rounds: Post-CAT, most top management institutes conduct Group Discussions and Personal Interviews as part of the selection process. Many CAT coaching institutes offer training for these as well, which is crucial for final selection.

Overall, CAT coaching enhaces a candidate's chances of success by providing them with the tools, knowledge, and environment needed to stand out in the CAT exam.