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IIM scholarship for candidates is provided by the different IIM colleges to candidates with financial constraints of some or the other kind. The IIM scholarship is provided only to the eligible candidates. The IIM scholarships are funded either by the government or some other private institution. The IIM scholarships are provided with the goal of inclusion of every possible candidate in the prestigious management institutes. This article aims to provide robust information about the different IIM Scholarships available for candidates covering important aspects like type, eligibility, and features.
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IIM scholarships can be of various types depending on the way they are catered to the candidates. The various types of IIM scholarships are mentioned below.
The eligibility criteria for an IIM scholarship is specific to the particular scholarship. The eligibility criteria vary for every individual IIM Scholarship. However, a few of the conditions remain the same. Having these increases the probability of a candidate being considered for the IM Scholarship. The general eligibility criteria for the IIM scholarship is as follows.
The IIM scholarships provided by different IIMs along with their eligibility criteria are listed in the table below.
IIMs | IIM Scholarship | IIM Scholarship Eligibility Criteria |
IIMA Special Need-Based Scholarships | Gross annual family income is below Rs.15,00,000 during the previous financial year are eligible to apply for this scholarship. | |
SC/ST Scholarships | Awarded to meritorious SC/ST students, whose family income does not exceed Rs. 4,50,000 per annum. | |
Aditya Birla Group scholarships | Merit-based scholarship. 6 students are selected. | |
OP Jindal Engineering and Management Scholars | Based on academic performance along with an online test and personal interview. | |
T Thomas | The second-year student is shortlisted. Based on merit cum means. | |
Societe General Global Solution Centre India | Financially weak students. Based on the interview. | |
Employment in Social sector scholarship | One-third of the tuition fee will be reimbursed as a scholarship after the candidate has completed 3 years of service in the social sector. | |
Aditya Kashyap Memorial | First Rank Holder | |
SC/ST scholarship | Students belonging to SC/ST. Need-based. | |
Bharti Scholarship | Annual income less than 1.08 lacs p.a. | |
Financial scholarship | Need-based | |
State scholarship | Merit based. Funded by the state govt. for top students belonging to the state. | |
IIMK Merit Scholarship | awarded to the students of Post Graduate Programmes (PGP, PGPLSM, and PGPFIN) first and second-year students based on their performance during one academic year, as determined by their CGPA. | |
Top Class Education Scheme for SC Students | Students belonging to the SC category based on annual parental income from all sources for the previous financial year. The maximum income limit is Rs.8,00,000/-. | |
National Fellowship and Scholarship for Higher Education of ST Students | Students belonging to the ST category, based on annual parental income from all sources for the previous financial year. The maximum income limit is Rs.6,00,000/-. | |
Merit Cum Means Scholarship for Professional and Technical Courses CS | Students belonging to minority communities, who have secured not less than 50% marks or equivalent grades in the previous final examination. The maximum limit of income for the previous financial year is Rs.2,50,000. | |
Scholarship Scheme for Govt. of Tamil Nadu | Offered by the Government of Tamil Nadu to the native students belonging to BC/MBC/DNC communities. The maximum limit of income is Rs.2,00,000/-. | |
IIM Nagpur Merit Scholarship | For top ten scorer candidates securing 95%ile or above in CAT. | |
IIM Nagpur Need-cum-Merit Scholarship | For candidates with a family income of less than Rs 8 lakhs. | |
Merit cum Means Scholarship | Students should possess an aggregate of more than 50% marks (or equivalent grade in the previous final examination). The annual income of a student’s parents/guardians from all sources should not exceed INR 2.50 lakhs. | |
Type 1 | It gives a 30% waiver on the tuition fee. The annual family income should be less than 2.5 lakhs. | |
Type 2 | It gives a 50% waiver on the tuition fee. The annual family income should be less than 1 lakhs. |
A full 100% scholarship is not provided by any IIM. In most cases, a certain scholarship amount is provided to the candidates eligible for a particular IIM scholarship. The amount can vary for different IIMs.
Some of the IIM Scholarships offer a fee waiver to candidates. The tuition fee waived can be between 30 to 50%. In very rare cases, only under special circumstances, a candidate is given a complete fee waiver for the tuition fee.
Yes. There are specially curated scholarships for MBA students in India who are studying in the second year of their respective courses.
With the introduction of numerous IIM scholarship programs for candidates by both government and private institutions, it has become feasible for candidates with a poor financial background to join IIM.
Most of the IIMs do not provide category-wise scholarship to students who qualify the CAT entrance exam. The MBA/ PGDM course fee is the same for all categories of students. However, scholarships are offered to only eligible candidates based on several factors such as merit, merit-cum means, etc.
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.
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