ICFAI Business School-IBSAT 2024
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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. | |
17. | |
18. | |
19. | |
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.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
9 IBS Campuses | Scholarships Worth Rs 10 CR
Highest CTC: INR 28.25 LPA | Average for Top 100 offers: INR 17.34 LPA | Ranked #63 in India under Management category by NIRF | 148 Recruiters
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