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IIM Bangalore Scholarships 2024: Comprehensive Guide to Eligibility & Benefits

IIM Bangalore Scholarships 2024: Comprehensive Guide to Eligibility & Benefits

Edited By Tarun Bisht | Updated on Sep 23, 2024 03:49 PM IST | #IIM Bangalore

IIM Bangalore scholarship is a component of the financial assistance of IIM Bangalore that is extended to students in need of assistance. The objective of the Financial Aid Policy at IIM Bangalore is to ensure that no student is deprived of an education opportunity at the institute for financial reasons. The IIM Bangalore scholarships are offered as per the eligibility criteria for the respective IIM Bangalore scholarship 2025. Each IIM Bangalore scholarship tends to be rewarded based on merit, need, diversity, academic performance, etc. Candidates can apply to various IIM Bangalore Scholarship 2025 as per the one which they seem to be fit for.

IIM Bangalore Scholarships 2024: Comprehensive Guide to Eligibility & Benefits
IIM Bangalore Scholarships 2024: Comprehensive Guide to Eligibility & Benefits

IIM Bangalore Scholarship

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

  1. Merit-based IIM Bangalore 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 Bangalore scholarship: Given to candidates coming from poor backgrounds.

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

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

Eligibility Criteria for IIM Bangalore Scholarship

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

The different IIM Bangalore scholarship 2025 along with their eligibility criteria are mentioned in the table given below.

IIM Bangalore Scholarship

IIM Bangalore Scholarship 2025 Eligibility Criteria

Aditya Birla Scholarship

This merit-based scholarship is given to PGP students of both the first and the second years. The students who are granted the scholarship during the first year are eligible to apply for renewal in the second year, provided they belong to the top 25% of the batch in the first year. The scholarship amount is Rs. 1,75,000 lakh per student.

OPJEMS Scholarship

This merit-based scholarship is given to PGP students in the second year. The first ten toppers of the second year, based on their academic performance in the first year, are eligible to apply. Based on an online test conducted by OP Jindal Group, one student for each academic year will be awarded. The scholarship amount is Rs. 1,50,000.

NTPC Scholarship Scheme

The scholarship amounts to Rs. 48,000 per year. Students who belong to SC/ST/PwD categories and are in their second year of management studies, having passed the first-year examination in one attempt, are eligible for the scholarship.

Employment in Social Sector Scholarship

This scholarship reimburses the recipient one-third of the fees at the end of each year of work for the first three years in the social sector.

Ministry of Tribal Affairs Scholarship (ST)

The Ministry of Tribal Affairs, Government of India, invites applications for the National Scholarship for Higher Education for Scheduled Tribe students of PGP in the first year. This is a means scholarship that covers tuition expenses in full.

Ministry of Social Justice and Empowerment Scholarship (SC)

The Ministry of Social Justice and Empowerment, Government of India, invites applications for the National Scholarship for Higher Education for Scheduled Caste students from Meritorious SC students PGP first year. This is a means scholarship that covers tuition expenses in full.

Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)

A person with a disability having not less than 40% disability and having a disability certificate issued by any competent medical authority. This is a means scholarship of Rs. 2,55,000 per year.

Alumni Scholarship

Siddharth Padam Scholarship: A candidate from the DML list with the highest CGPA in the Eco and F&A-related core courses in the PGP first year.

IIMB PGP Alumni First Batch (1976) Scholarship: A woman DAP candidate(a man DAP if a woman candidate is not eligible) who has completed the first year of PGP successfully.

Parameshwara Iyer Award: Awarded to the student who has received no other financial aid/scholarship. It is a means of scholarship.

Frequently Asked Questions (FAQs)

1. Can I get a scholarship in IIM Bangalore?

Candidates can avail of the scholarship provided by IIM Bangalore given that they satisfy the eligibility criteria. IIM Bangalore scholarship is a component of the financial assistance of IIM Bangalore that is extended to students in need of assistance.

2. What is the fees of IIM Bangalore?

The fee for an MBA at IIM Bangalore is approximately Rs. 26 lakhs for two years.

3. What is the average salary package at IIM Bangalore?

The average salary package at IIM Bangalore is around Rs. 35.92 lakhs per annum. The median package is around Rs. 32.5 lakhs per annum. The highest salary package offered was around Rs. 80 lakhs per annum.

4. Can I get a free seat in IIM Bangalore?

There is no such provision for a free seat in IIM Bangalore. Candidates need to have a bachelor's degree with at least 50% marks (45% for reserved category candidates) along with a valid CAT score.

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I understand your situation, Aishwarya. Preparing for the CAT while balancing your final year of engineering can be challenging, especially without coaching. However, with dedication and the right approach, it's definitely possible to crack the exam.

Here are some tips to help you get started:

1. Assess Your Strengths and Weaknesses:

  • Practice Regularly: Solve as many CAT questions as possible to identify your strengths and weaknesses.
  • Focus on Weak Areas: Devote more time to areas where you struggle, such as VARC.

2. Build a Strong Foundation:

  • Basic Concepts: Ensure you have a solid understanding of basic grammar, vocabulary, and reading comprehension techniques.
  • Practice Reading: Develop a habit of reading newspapers, books, and articles regularly to improve your reading speed and comprehension.

3. Effective VARC Preparation:

  • Practice RCs: Solve a variety of RC passages from different topics to get comfortable with different styles and difficulty levels.
  • Analyze Answers: Understand why the correct answer is correct and why the incorrect options are wrong.
  • Seek Guidance: If you're struggling with VARC, consider joining online forums or communities where you can discuss questions and get help from others.

4. Online Resources:

  • Free Online Courses: Utilize platforms like Coursera, edX, and Khan Academy for free online courses on CAT preparation.
  • Mock Tests: Take as many mock tests as possible to assess your progress and identify areas for improvement.

5. Create a Study Plan:

  • Time Management: Allocate specific time slots for CAT preparation, considering your academic commitments.
  • Consistency: Stick to your study plan and avoid procrastinating.

6. Stay Motivated:

  • Set Goals: Break down your goal of getting into IIMB into smaller, achievable targets.
  • Celebrate Achievements: Reward yourself for your progress to stay motivated.

While coaching can be helpful, it's not essential. With dedication, perseverance, and effective study strategies, you can definitely crack the CAT and achieve your goal of getting into IIMB.

Remember, starting now is a great decision. The earlier you begin, the more time you'll have to improve your skills and build confidence. Good luck!


For more information about CAT exam you can go through the link attached below.

https://bschool.careers360.com/exams/cat

Hello,


Getting into top business schools like IIM Ahmedabad or IIM Bangalore is highly competitive and admission decisions are based on various factors which includes CAT scores, academic performance, work experience, and more. While having a very good score in CAT is important, it's not the only criteria for admission. It's also essential to have a well-rounded profile and stand out in other areas.

Since you don't have good academics, I suggest you to perform well in your graduation and also build you profile by doing courses, extra curricular activities and most importantly internships. This will help you standout along with your brilliant CAT score.

Hopw this helps,

Thank you

Yes, scoring above 99.9 percentile in CAT significantly increases your chances of getting a call from IIM Bangalore,  with your academic background. Here's why:

  • High CAT Score: A score exceeding  99.9 percentile is exceptional and puts you amongst the top candidates vying for admission. IIM Bangalore prioritizes  CAT scores heavily in the shortlisting process.

  • Strong Academics: Your 96% in CBSE 12th and a B.Tech degree demonstrate a solid academic foundation, which IIM Bangalore also considers during shortlisting.

However, the shortlisting process is multifaceted:

  • Other Factors: IIM Bangalore considers other factors beyond CAT scores, such as your work experience (if any), XAT score (if you appear for it), academic diversity, gender diversity, and performance in the interview and Written Ability Test (WAT) stages (if shortlisted).

Here's what you can do to strengthen your application:

  • Focus on WAT and PI: If you receive a shortlist, prepare extensively for the Written Ability Test (WAT) and Personal Interview (PI). These stages assess your communication, soft skills, leadership potential, and suitability for the program.

  • Work Experience (if applicable): If you have work experience, highlight your achievements and how they align with your chosen IIM Bangalore program.

Overall, with a stellar CAT score and a strong academic background, you have a very good chance of getting a call from IIM Bangalore. But remember to prepare comprehensively for the other stages of the selection process.

Indian Institute of Management Bangalore (IIMB) is one of the best B-schools in India. IIM Bombay is an Institute of National Importance and it is a Government institute. The course of MBA & MBA Business Analytics course is offered on the basis of CAT , GMAT . Both the courses are of 2 years duration and the total fees for the course is around Rs. 23 lacs for the entire duration. So you can estimate that the course fee per year will be around Rs. 11.5 lacs per year.

For more information regarding IIMB consider the link below:

https://www.careers360.com/university/indian-institute-of-management-bangalore

For more information regarding MBA as a career consider the link below:

https://www.careers360.com/courses/mba-master-of-business-administration

For more information regarding MBA in Data Analytics as a career consider the link below:

https://www.careers360.com/courses/mba-in-data-analytics

I hope this helps. Wish you a great eve!

Hello aspirant,

to get admission in IIM B, you firstly have to score good in CAT,because you will get a call from college only when your score of cat matches the cutt off, so firstly u need to focus on cat score...Also, the scores which you have in your college, 10th and 12th are pretty good which can give you a good chance of getting admission in iim b, its just you have to work hard in CAT to get a call from them. Also after giving cat you can add various other cerfication courses or experience in your portfolio..which is also plays a vital role at the time of interview and when they check your academics

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