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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.
Merit-based IIM scholarship: Given to candidates with extraordinary academic performance at school and graduation level along with exceptional performance in MBA entrance exams.
Need-Based IIM scholarship: Given to candidates coming from poor backgrounds.
Diversity and Gender-based IIM scholarship: Given to candidates coming from diverse religious and cultural backgrounds.
External IIM scholarship: Given to students by companies that employ MBA graduates to bring new talent into their workspace.
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.
A Bachelor’s degree from a recognized university or equivalent institution.
Excellent academic records at school and college level.
Letter of recommendation from institutions.
A justifiable reason to be granted a scholarship.
Exceptional performance in various MBA entrance exams such as CAT/XAT/CMAT etc.
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.
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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