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The IIM full-form is the Indian Institute of Management. As of August 2024, there are a total of 21 IIMs spread across different parts of the country. IIMs are considered to be the best management institutions in the country. Every year lakhs of MBA aspirants apply for admission to IIMs through the CAT exam. The total number of seats in the IIMs is roughly 5500. IIMs offer different MBA/PGDM programs under various specializations to the candidates. Each of the IIMs has rigorous academic standards, diverse programs, and strong industry networks.
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IIMs have been known for producing the best in class management talent for many years. Top companies from all over the world look forward to the recruitment drives at the IIMs to hire the best talent for their organizations. The highest package of IIM is 1.46 crores per annum offered to students at IIM Ahmedabad. The median package of IIM is somewhere around Rs. 25 lakhs per annum. Many of the IIMs are top-ranked management colleges as per the NIRF rankings.
The list of all the IIM colleges is given in the following table.
S No. | IIM |
1. | IIM Ahmedabad |
2. | |
3. | |
4. | |
5. | |
6. | |
7. | |
8. | |
9. | |
10. | |
11. | |
12. | |
13. | |
14. | |
15. | |
16. | |
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20. | |
21. |
The IIM eligibility criteria as per the latest updates are mentioned below.
Candidates have a bachelor's degree or its equivalent from a recognized university
Should secure a minimum of 50% for the open category and 45% for the SC/ST/PwD category.
The final year of bachelor's degree students are also eligible to apply for the CAT exam 2024. However, such candidates will have to submit the certificate of completion from the principal or registrar of their university or institution on or before the date stipulated by the respective IIMs.
Candidates with work experience will have some added preference/ weightage. However, work experience is not mandatory as per CAT exam eligibility 2024.
The admission process for IIMs comprises candidates to appear for the CAT examination. Based on the CAT cutoff for different IIM colleges candidates who applied are shortlisted for the personal interview round. The candidates should clear the cutoff for the particular IIM college to get shortlisted. Based on the CAT score and performance in the interview candidates will be shortlisted for admission by different IIMs. The expected CAT cutoff for different IIMs is given in the table below.
S No. | IIM | CAT Cutoff (Expected) |
1. | IIM Ahmedabad | 99-100 |
2. | 99-100 | |
3. | 99 | |
4. | 97+ | |
5. | 97-98 | |
6. | 97+ | |
7. | 90 | |
8. | 95 | |
9. | 94 | |
10. | 94 | |
11. | 94 | |
12. | 94 | |
13. | 92 | |
14. | 95+ | |
15. | 92 | |
16. | 92 | |
17. | 95+ | |
18. | 95 | |
19. | 95+ | |
20. | 97 | |
21. | 95 |
The IIMs are known for their record-breaking placements. The highest and average package for different IIMs is given in the table below.
IIM | IIM Average Package | IIM Highest Package |
IIM Ahmedabad | Rs. 34.45 LPA | Rs. 1.46 CPA |
IIM Bangalore | Rs. 35.3 LPA | Rs. 1.15 CPA |
IIM Calcutta | Rs. 35.07 LPA | Rs. 1.15 CPA |
IIM Lucknow | Rs. 30 LPA | Rs. 65 LPA |
IIM Kozhikode | Rs. 31.02 LPA | Rs. 67.02 LPA |
IIM Indore | Rs. 30.21 LPA | Rs. 1.14 CPA |
IIM Shillong | Rs. 26.96 LPA | Rs. 71.3 LPA |
IIM Rohtak | Rs. 18.73 LPA | Rs. 36 LPA |
IIM Ranchi | Rs. 35.5 LPA | Rs. 67 LPA |
IIM Raipur | Rs. 21.04 LPA | Rs. 43.43 LPA |
IIM Trichy | Rs. 20.55 LPA | Rs. 41.61 LPA |
IIM Kashipur | Rs. 18.1 LPA | Rs. 37 LPA |
IIM Udaipur | Rs. 20.02 LPA | Rs. 35.04 LPA |
IIM Nagpur | Rs. 16.74 LPA | Rs. 64 LPA |
IIM Visakhapatnam | Rs. 16.61 LPA | Rs. 43 LPA |
IIM Bodh Gaya | Rs. 14.96 LPA | Rs. 48.58 LPA |
IIM Amritsar | Rs. 16.51 LPA | Rs. 36.25 LPA |
IIM Sirmaur | Rs. 14.45 LPA | Rs. 64.12 LPA |
IIM Sambalpur | Rs. 16.74 LPA | Rs. 64.61 LPA |
IIM Mumbai | Rs. 47.29 LPA | Rs. 54 LPA |
IIM Jammu | Rs. 16.43 LPA | Rs. 64 LPA |
The average salary of IIM is between Rs. 16 to 35 lakhs per annum. The average package of IIM varies from one IIM to another. The median package of IIM is somewhere around Rs. 25 lakhs per annum.
The fees of IIMs are generally high. Typically the fees for IIM vary between Rs. 20 to 35 lakhs for a year MBA/PGDM course. The IIMs do provide scholarships and educational loan facilities to needy students.
IIM has many foreign companies coming to hire especially for international job roles. Every year many candidates get hired for different foreign placements in IIM. Most of these companies are based out of the tier 1 world countries.
The total seats across all the IIMs in India are estimated to be around 5500 (approx.). The seats are subject to change as per the batch size issued by an IIM. The batch size for a particular year is decided by the respective IIM.
That you have signed up for the CAT is fantastic! Although it may seem a little late to begin preparing now, it is still possible to do well on the test if you put in deliberate and purposeful work. Here's how to make the most of the time you spend preparing:
Recognise the structure of the CAT: Verbal Ability & Reading Comprehension (VARC), Data Interpretation & Logical Reasoning (DILR), and Quantitative Ability (QA) are the three portions of the exa m.
Establish a Study Plan: Considering your limited time, make a regular and reasonable study plan. To improve your score, give less known topics priority, but be sure to practise the simpler ones as well.
Mock Exams: Consistently take mock exams. They will assist you in determining your strong and weak points and acclimating to the format of the exam. In order to improve time management, try to replicate actual exam situations.
Concentrate on Core Concepts: Review your foundational knowledge of arithmetic and logical thinking, as these will be tested heavily. Start reading articles and exercising comprehension on a regular basis for VARC.
Resources: To obtain organised help, make use of internet resources and CAT prep books.
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:
2. Build a Strong Foundation:
3. Effective VARC Preparation:
4. Online Resources:
5. Create a Study Plan:
6. 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
It just indicates that you have a provisional allocation and that registration for the general category is now open without reservation.If you meet the prerequisites to be enrolled in that specific course at your college, you can be admitted to the designated college.
Hello,
No, you cannot select the NC-OBC (Non-Creamy Layer Other Backward Classes) section in the CAT registration form if you belong to the RBA (Reserved Backward Area) category, even if your family income is less than Rs. 8 lakhs.
The NC-OBC category in the CAT registration form is specifically for candidates who belong to the Non-Creamy Layer of the Other Backward Classes (OBC) as per the central government’s list of OBCs. The RBA category is a separate category applicable mainly in states like Jammu & Kashmir, and it does not fall under the central OBC category.
If you belong to the RBA category, you should select the appropriate category you qualify for in the CAT registration form (General, SC, ST, EWS, or any other applicable category based on state or central government recognition).
Hope it helps !
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