IIM Nagpur fees
Aditi Garg, 07 Mar 2019, #IIM nagpur
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IIM Nagpur fees - The Indian Institute of Management Nagpur, better known as IIM Nagpur is one of the newest IIMs on the block. The public business school located in Maharashtra became operational from July 2015 onwards. CAT Scores are the benchmark to admit aspirants to the coveted Post Graduate Programme in Management (PGPM). The admission process at IIM Nagpur takes into account the candidate’s Past Academic Performance (PAP), Work Experience (WE), performance in Common Admission Test (CAT), and performance in Personal Interview (PI) and Written Ability Test (WAT). Due to the high-quality education, IIM Nagpur is popular among MBA aspirants. This calls for in-depth understanding of all the aspects of admission, including IIM Nagpur fees and seats. Careers360 brings to you all the details of the coveted programmes, IIM Nagpur fees, seats and admission process in this article. 

IIM Nagpur Fees

IIM Nagpur fee for PGP was Rs.11.50 lakh for two years for the 2018-20 batch. This amount was exclusive of other charges like caution deposit, mess deposit, etc. Exact amount and details of breakup will be given in the admission offer. For the upcoming batch, the fee for IIM Nagpur 2019 is expected to remain along the same lines. Let us understand the fee of IIM Nagpur in detail through semester-wise and instalment break-up. The table below shares details about IIM Nagpur fees for two-year PGPM programme for the 2018-20 batch. The IIM Nagpur fee for the 2019-21 batch is expected to be along the same lines.               

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IIM Nagpur Fees Details

Particulars

Term 1

Term 2

Term 3

Term 4

Term 5

Term 6

Tuition Fee

INR 1,50,000

        

INR 1,50,000

        

INR 1,50,000

        

INR 1,50,000

        

INR 1,50,000

        

INR 1,50,000

Hostel & Facility

INR 20,000

INR 20,000

INR 20,000

INR 20,000

INR 20,000

INR 20,000

Academic Support

INR 17,000

        

INR 16,000

INR 16,000

INR 17,000

INR 16,000

INR 16,000

Welfare

INR 15,000

    


INR 15,000

    


Total Fee

INR 2,02,000


    

INR 2,02,000



Caution Deposit

INR 10,000


        

    


    

Less admission offer acceptance fee

INR -50,000

        

        

        

    

    

Total Payment due

INR 1,62,000

INR 1,87,000

INR 1,86,000

INR 2,02,000

INR 1,87,000

INR 1,86,000

Due date for payment

As per admission offer

letter

On the day of

registration

On the day of

registration

As per admission offer

letter

On the day of

registration

On the day of

registration

Total

INR 11,50,000


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Candidates must note that leading banks routinely offer educational loans at concessional terms as per Govt. of India guidelines for all IIMs including IIM Nagpur.

IIM Nagpur Fees - Mode of Payment

The mode of payment of fee is wire transfer. Wire transfer details are as follows:

Particulars

Details

Beneficiary Name

Indian Institute of Management Nagpur

Type of Account

Savings

Bank Account Number

IIMNGPNG * * * * *

Name of the Bank

Yes Bank

Branch Name and Address

Civil Lines, Nagpur

IFSC Code

YESB0CMSNOC

(IIMNGPNG * * * * *) The last five digits of your roll number.

Further instruction about the same would be given on the student I-card.


IIM Nagpur fee hikes 18.5 per cent in last 3 years

A trend of fee hike has been observed over last 3 years, where IIM Nagpur fees has gone up from Rs. 9.7 lakh in 2016 to Rs. 11.5 lakh in 2018 - a 18.5 per cent increase. This inflation of IIM Nagpur fees is considerable low as compared to other IIMs, and even the ‘baby IIMs’ such as IIM Ranchi and IIM Nagpur. The table below explains the rise in the fee structure.


Fee structure trends in IIM Nagpur over the years

Year

2016

2017

2018

Fee in (Rs. lakh)

9.7

11

11.5


 IIM Nagpur Programme and Seats

The courses offered by IIM Nagpur are considered to be one of the finest amongst the management institutes in the country. Let us take a look at the number of seats in IIM Nagpur under the PGPM.


IIM Nagpur Programme and Seats

Programme name

Number of seats

PGP

126


IIM Nagpur - Admission Process

The admission criteria of IIM Nagpur for its Post-Graduate Programme in Management (PGPM) for the academic year 2019-21 has been announced. Some changes in terms of the DAP category cutoff and number of seats have been introduced. The total number of seats has increased from 55 to 126 for the 2019-21 batch. IIM Nagpur considers the candidate’s past academic performance (PAP), performance in Common Admission Test (CAT), Work Experience (WE) and performance in Personal Interview (PI) and Written Ability Test (WAT) before offering the final admission. First, IIM Nagpur checks the minimum eligibility for admission to PGPM which is CAT 2018 score (overall and sectional). Second, selection of candidates for PI/WAT process which includes CAT performance (CP)+PAP+WE+Diversity. And lastly, the final selection of the candidates.


Stage 1: IIM Nagpur Admission Criteria 2019 – Criteria for Eligibility to be considered for admission to PGPM

In this stage, the minimum CAT exam score/percentile is checked which is the basic eligibility criteria for admission to PGPM at IIM Nagpur. The table given below explains the category-wise overall and sectional minimum CAT 2018 percentile to get shortlisted. 


IIM Nagpur Admission Criteria 2019-21: Category-wise Minimum CAT 2018 Percentile

Category

Sections

Aggregate

 

DILR

Percentile

VARC

Percentile

QA

Percentile

 

General

72

72

72

90

NC-OBC

65

65

65

81

SC

50

50

50

65

ST

40

40

40

40

DAP

40

40

40

55

While the sectional cutoff for last year was 50 percentile and the overall cutoff was 60 percentile, it has reduced by 10 percentile and five percentile respectively.


IIM Nagpur Admission Criteria 2019-21: Total Number of Seats

IIM Nagpur offers 126 seats for PGPM 2019-21 batch. The division of seats category-wise is given below:

 

Category-wise number of seats for PGPM 2019-21 batch of IIM Nagpur

Category

Number of Seats

General

60

NC-OBC

33

SC

18

ST

09

DAP

06


Stage 2: IIM Nagpur Admission Criteria 2019 – Selection of Candidates for WAT/PI process

The candidates who meet the cut-offs shown in Table above would be receiving an email from IIM Nagpur in or before the third week of March 2019. The following aspects will be considered for evaluation of candidates.


1. Past Academic Performance (PAP)

In this part, candidates’ academic performance in Class Xth, XIIth and Graduation is assessed. The table given below explains the Points/Ratings given as the candidate’s academic performance.


Percent

Score 10th

Score 12th 

Percent

Score Graduation

<= 55

1

1

<= 55

2

> 55 and <= 60

3

3

> 55 and <= 60

4

> 60 and <= 70

4

4

> 60 and <= 65

6

> 70 and <= 80

5

5

> 65 and <= 70

9

> 80 and <= 90

9

9

> 70

10

> 90

10

10

 

 

PAP score for the candidate: PAP = 0.25*Score 10th + 0.35*Score 12th + 0.40*Score Graduation

 

2. Work Experience (WE)

Candidates will be assigned the following points as per their experience obtained till July 2018 (in months).

 

Scores for Work Experience

Months

Score

Less than 6

0

6 - 18

4

18 - 24

6

24 – 30

8

30 – 36

10

36 or More

4

As mentioned by IIM Nagpur, only the relevant experience in terms of completed months will be considered.

 

3. Diversity (Di)

The following points will be given on the basis of a candidate’s gender:

Male – 0, Female - 5, Transgender - 5

5 points for the candidates Bachelor’s degree in any of the following: BA, BA(H), B.Sc, B.Sc.(H), BS, B.Com, B.Com(H), BCA, BBA, B.Pharma, LL.B, MBBS, BDS or any other.

Now, a comprehensive score (CS) will be calculated based on CP, PAP, WE and Di.


Based on CS score, candidates will be short-listed for the final selection round. These candidates will also receive an email from IIM Nagpur most probably in the first week of April 2019. The short-listed candidates would need to submit a detailed application including all the necessary documents within a given time frame. 


Stage 3 – IIM Nagpur Admission Criteria 2019: Final Selection of the Candidates

The shortlisted candidates will go through Personal Interview (PI) and Written Ability Test (WAT) at this stage.

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