IIM Ahmedabad Scholarship for MBA: Types, Eligibility and Process

IIM Ahmedabad Scholarship for MBA: Types, Eligibility and Process

Edited By Tarun Bisht | Updated on Sep 23, 2024 03:42 PM IST | #IIM Ahmedabad (IIMA)

IIM Ahmedabad scholarship schemes are designed for candidates coming from financially weaker backgrounds. To provide equal opportunity to all applicants, IIM Ahmedabad offers financial assistance for its various management programs in the form of IIM Ahmedabad Scholarship 2025 and educational loans from different, tied-up financial institutions at reasonable interest rates. To meet other financial objectives IIM Ahmedabad has various scholarships based on need, merit, category, etc. To avail of any IIM Ahmedabad Scholarship candidates must satisfy the eligibility criteria for the respective scholarship scheme.

IIM Ahmedabad Scholarship for MBA: Types, Eligibility and Process
IIM Ahmedabad Scholarship for MBA: Types, Eligibility and Process

IIM Ahmedabad Scholarship

IIM Ahmedabad scholarships can be of various types depending on the way they are catered to the candidates. The various types of IIM Ahmedabad scholarship 2025 are mentioned below.

  1. Merit-based IIM Ahmedabad scholarship: Given to candidates with extraordinary academic performance at school and graduation level along with exceptional performance in MBA entrance exams.

  1. Need-Based IIM Ahmedabad scholarship: Given to candidates coming from poor backgrounds.

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  1. Diversity and Gender-based IIM Ahmedabad scholarship: Given to candidates coming from diverse religious and cultural backgrounds.

  1. External IIM Ahmedabad scholarship: Given to students by companies that employ MBA graduates to bring new talent into their workspace.

Eligibility Criteria for IIM Ahmedabad Scholarship

The eligibility criteria for an IIM Ahmedabad scholarship is specific to the particular scholarship. The eligibility criteria vary for every individual IIM Ahmedabad scholarship 2025. However, a few of the conditions remain the same. Having these increases the probability of a candidate being considered for the IIM Ahmedabad scholarship. The general eligibility criteria for the IIM Ahmedabad scholarship 2025 is as follows.

  • A Bachelor’s degree from a recognized university or equivalent institution.

  • Excellent academic records at school and college level.

  • Letter of recommendation from institutions.

  • A justifiable reason to be granted a scholarship.

  • Exceptional performance in various MBA entrance exams such as CAT.

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Different IIM Ahmedabad Scholarship

The different IIM Ahmedabad scholarships along with their eligibility criteria are listed in the table below.

IIM Ahmedabad Scholarship

IIM Ahmedabad Scholarship 2025 Eligibility Criteria

IIMA Special Need-Based Scholarships

Gross annual family income is below Rs.15,00,000 during the previous financial year are eligible to apply for this scholarship.

SC/ST Scholarships

Awarded to meritorious SC/ST students, whose family income does not exceed Rs. 4,50,000 per annum.

Scholarships offered by the Government of India

SC/ST Scholarships {Central Sector Scheme for Top Class Education (merit-cum-means)}: Awarded to meritorious SC/ST students, whose family income does not exceed Rs. 4,50,000 per annum.

Minority Welfare Scholarship (Merit-cum-Means): Awarded to students from minority communities, whose family income does not exceed Rs.2,50,000 lakhs per annum by the Ministry of Minority Affairs, Govt. of India.

Scholarships for Students with Disabilities {Central Sector Scheme for Top Class Education (Merit-cum-Means)}: Awarded to meritorious DA/PWD students, whose family income does not exceed Rs. 6,00,000 per annum.

Scholarships offered by Alumni

PGP Alumni Endowment Funds: Financial support extended to 9 PGP 1 & PGP/FABM II students from economically and socially challenged backgrounds, based on their financial status, every year. Each student would be eligible to get an amount in the range of Rs. 2,00,000 - 3,00,000. The screening of the students would be based on their applications for the Special Need-Based Scholarship.

Class of PGP 2001, Peri Viswanath Scholarship: Instituted from the batch 2013-15 by the batch-mates of Mr. Peri Viswanath, it aims to extend financial support to one student in the PGP/PGP-FABM. The Amount is Rs. 2,00,000 per year and the scholar will get Rs. 4,00,000 over 2 years. The criteria for the award would be Merit-cum-Means.

Shri GC Mital Entrepreneurship Aid: A sum of Rs.200,000 is awarded every year to one graduating student of PGP/PGP-FABM, who intends to start their own venture, opting out of the IIMA placement process. It is limited to students with educational loans of a minimum of Rs. 1,00,000 and those with a combined family income below Rs. 8,00,000 per annum. The selection of the awardee shall be done based on a business plan submitted by the applicant.

Smt. J Nagamma Memorial Award: Awarded to one PGP first-year student at the end of the first year as a merit scholarship based on academic performance. The amount is Rs. 15,000.

Scholarships offered by Industries/Corporations

Aditya Birla Group Scholarships: These scholarships are awarded by the Aditya Birla Group. It is given to about 3 meritorious PGP I and PGP II students. The selection is done entirely by the Aditya Birla Group. The amount awarded is about Rs. 1,75,000 per student per year.

Dunia Scholarships for scholastic excellence: Dunia Finance LLC, Dubai, UAE has instituted this merit scholarship – two scholarships each to PGP-Is and PGP-IIs. The amount per scholarship is Rs. 1,00,000.

OP Jindal Engineering and Management Scholarship: This scholarship is awarded to one/two second-year PGP students by the OP Jindal Group. The selection is made based on academic performance, an online test, and a personal interview. The final selection is done through an online test and a personal interview. The amount awarded is Rs. 1,50,000 per student per year.

T. Thomas Scholarship: This scholarship is awarded by Hindustan Unilever Ltd. to a second-year student based on merit-cum-means criteria. The amount is Rs. 1,00,000 per year.

Frequently Asked Questions (FAQs)

1. Does IIM Ahmedabad give scholarships?

IIM Ahmedabad provides various scholarships to candidates coming from financially weaker backgrounds. To provide equal opportunity to all applicants, IIM Ahmedabad offers financial assistance for its various management programs.

2. Is IIM Ahmedabad costly?

IIM Ahmedabad is costly in terms of its program fee. The IIM Ahmedabad fee for its flagship MBA program is close to Rs. 26 lakhs for two years. For the PGPX program, the fee is Rs. 33 Lakhs.

3. Can a poor student join IIM Ahmedabad?

With the introduction of numerous IIM Ahmedabad scholarship programs for candidates by both government and private institutions, it has become feasible for candidates with a poor financial background to join IIM Ahmedabad.

4. Can I get a full scholarship for IIM Ahmedabad?

A full 100% scholarship is not provided by any IIM. In most cases, a certain scholarship amount is provided to the candidates eligible for a particular IIM Ahmedabad scholarship. The amount can vary for different IIMs.

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Questions related to IIM Ahmedabad (IIMA)

Have a question related to IIM Ahmedabad (IIMA) ?

Hello,

You are unlikely to get into IIM Ahmedabad's PGPX (Post Graduate Program in Management for Executives) with only 2 years of work experience. Key points:

  • Minimum Requirement: IIM Ahmedabad requires a minimum of 4 years of full-time work experience for PGPX as of the start date of the program.
  • Average Experience: Most candidates admitted have 8-10 years of work experience.
  • Program Focus: PGPX is designed for mid-career professionals with substantial managerial or leadership exposure.
  • Alternative Programs: Consider IIM’s PGP or Early Career programs tailored for candidates with 2-3 years of experience.

Hope it helps  !

Hello,

Kusum, it's great that you're determined to pursue your dream of an MBA from IIM Ahmedabad despite financial challenges. Here's a strategy for self-study:

  • Understand the Exam Structure : Familiarize yourself with the CAT exam pattern, which includes sections on Quantitative Ability, Data Interpretation, Verbal Ability, and Logical Reasoning.
  • Create a Study Plan : Allocate specific hours each day for each section, focusing on weak areas. Break it into manageable chunks.
  • Use Free Resources : There are plenty of free online resources that include YouTube channels, CAT preparation websites, and apps for practice questions with video tutorials. Some popular ones are Unacademy, BYJU's, and Career Launcher.
  • Take Mock Tests Regularly : Use mock tests regularly to assess progress and adjust study plans accordingly.
  • Focus on Concepts : Strong foundations in math, logic, and English. Regular practice with books like "Quantitative Aptitude for CAT" and "Word Power Made Easy" for vocabulary.

Consistency and discipline are the keys! Stay motivated, and you can achieve your goal.

Hello,

CAT percentage score: 92.4%ile; Educational background: B.Sc. Botany; Work Experience: 34 months; CGPA 9 in Class 10 With such a profile, the niche programs like IIMA FABM (Food and Agribusiness Management) and IIML ABM (Agri-Business Management) present a competitive edge. This is because these programs offer good diversity in academic backgrounds that align well with your profile.

While your 12th (65.7%) and graduation (65.2%) scores may eliminate opportunities at the older IIMs for their core PGP programs, newer IIMs in the list are IIM Udaipur, IIM Raipur, and IIM Kashipur; the MBA programs at the IITs like IIT Madras, IIT Roorkee, or IIT Kharagpur are also worth examining with their slightly lower cut-offs.

Emphasise academic diversity, work experiences, and career goals that are in agribusiness to strengthen your application and prepare for interviews to eventually apply strategically to maximise your chances at institutions whose values align with yours.

You can use the online CAT College Predictor tools to estimate the probability of receiving interview calls from different IIMs and other top MBA colleges based on your CAT percentile of 92.4% and academic background.

Hello,

Based on the details you provided, here is an assessment:

  1. IIMs (General Category) :

    • IIMA (FABM) : Your 92.4%ile in CAT is competitive, but for IIMA FABM, which focuses on agricultural business management, your BSc. Botany background might help, though the cutoff for FABM is typically around 95-96%ile. However, if you have strong academic performance in other areas (work ex, 10th/12th), there might be a chance for shortlisting in the interview round.
    • IIML (ABM) : With your work experience and background, IIM Lucknow's ABM program (Agriculture Business Management) could be a strong option, as the cutoff for this program is generally around 90-92%ile, and your CAT score is close to this threshold.
  2. IITs :

    • You may have a better shot in IITs like IIT Kharagpur (for MBA in Agri-Business), as their cutoff is typically lower than IIMs, especially with work experience.
  3. Improvement Areas :

    • Focus on your CAT score improvement or interview prep to bolster your chances further.

Hope it helps !

Hello there,

A BSc graduate with an MBA from IIM Ahmedabad can expect a highly competitive salary package due to the prestige of the institute and the skills acquired. On average, IIM Ahmedabad MBA graduates receive starting salaries in the range of Rs. 20-35 lakhs per annum . However, depending on the industry, company, and role, salaries can be much higher, with top placements reaching Rs. 50 lakhs or more annually, particularly in sectors like consulting, finance, and technology. Experience, specialization during the MBA, and job role will also significantly influence salary outcomes.

Hope this information was helpful. Good Luck!

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