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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. | |
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18. | |
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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.
Hello,
Here you can get study material for CAT :
https://bschool.careers360.com/download/ebooks/cat-quantitative-aptitude-questions-answers-pdf
Hope it helps !
Hello aspirant,
A timetable is essential if you are preparing for the CAT in addition to your college coursework. It will give you an idea of how long it will take you to finish your syllabus and then set aside the appropriate amount of time for revision and mock exams. Without a set timetable, you risk taking your time and not completing your preparation as thoroughly as is necessary.
Thank you
Hope it helps you.
Hello Nikita,
To get into any of the top IIMs, such as IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode, or Indore, a good percentile in CAT is required, although academics play a vital role too. Let's break it down below:
CAT Score: 98+ percentile is an excellent score and makes one competitive.
Academic Scores:
Your 10th score at 84% is quite good.
A 12th score of 65% is on the lower side, which might hamper your chances at some of the top IIMs since they give weightage to past academic performance.
IIM Selection Criteria:
Every IIM has its own weightage for the scores of academics, CAT percentile, work experience, if any, and diversity.
For example, IIM Ahmedabad requires consistent academic records, while IIM Bangalore puts the strongest focus on work experience and diversified profiles.
Graduation: You are currently pursuing graduation, and your performance during that will also be considered in the shortlisting process.
While your CAT score is going to be the major pointer, your academic record-doing in class 12-is going to affect your prospects a bit at IIMs that place significant emphasis on your past performance. Still, you will have a healthy shot, at least at institutes like Lucknow, Kozhikode, and Indore, where a good score in CAT may offset lower marks in academics.
If you have diverse profiled extracurricular activities, leadership roles etc, or work experience, then it can build up your application further.
Hello!
Prep for CAT 2024: Application Pattern
Syllabus: Focus on those areas that fall under the syllabus; for instance, Quantitative Aptitude, Verbal Ability & Reading Comprehension, and Data Interpretation & Logical Reasoning.
Books: Stick to standard books from renowned authors, say, Arun Sharma for Quant, Norman Lewis in vocabulary, and some mock tests available from TIME, IMS, or Career Launcher.
Mock Tests: Take mocks and study the mistakes made.
Time management: F ocus on speed and accuracy.
If you need a more structured approach, consider a coaching institute.
Start early and become a regular.
Wishing you the best! thankyou!
Hello,
While starting your CAT preparation late can be challenging, it's still possible to achieve a good score with focused effort. Prioritize understanding the exam pattern, and focus on key areas like Quantitative Ability, Data Interpretation, Logical Reasoning, and Verbal Ability.
Create a structured study plan, practice regularly with mock tests, and review your performance to identify weaknesses. Use quality study materials and consider joining a coaching class if time permits. Stay consistent and motivated, and remember that dedicated effort in the coming weeks can lead to positive results.
You can refer to the following article for help :
https://bschool.careers360.com/articles/last-minute-preparation-strategy-for-cat
Good luck!
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