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ApplyAdmissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
India’s youth is not just competitive but also a highly ambitious workforce. While decades ago the professional dreams would be to have an engineering or a medical degree, today the aspirations of a young Indian entering the job market is that of being an entrepreneur. Entrepreneurship is the new passion and while some have family inheritance to pursue this passion, others start-up on their own.
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The 20 campuses of Indian Institute of Management across India have been a hotbed for new ventures to take flight. Here, individuals who aspire to take up careers in management receive the best training and facilities. IIMs have extended their expertise in training, mentoring and industry-academia networking to aid young entrepreneurs as well.
IIM's incubation labs attract a lot of talent. It is the perfect place for the entrepreneurial mindset of people to convert their dream into reality.
Often, IIMs established in 2015-16, the newest IIMs, are compared with the oldest and top IIMs in terms of placement, salary, infrastructure, and more. Even in terms of incubation centres, new IIMs are trying to make their mark as the other IIMs.
All entrepreneurship-related activities are handled by the incubation centres at IIMs. It attempts to offer a variety of help right from funding, to mentoring, infrastructure, networking, learning resources and more.
Careers360 recently analysed incubator labs at Indian Institute of Technology across the country. Now, we take a look at IIMs, in this article particularly the seven newest IIMs of India.
IIM Bodh Gaya Incubation Centre to Support Innovation, Research and Entrepreneurship (IIMBG INSPIRE) is a platform for starting and growing entrepreneurs into scalable, viable, and successful companies. Students, working adults, startup enthusiasts, aspiring entrepreneurs, and the greater entrepreneurial community interested in innovation and seeking a home for establishing immersive experiences that are scalable enterprises should focus on INSPIRE as their main point of contact.
Through a combination of seed capital, corporate venture capital fund, smart working space, corporate market access, mentoring and training programmes, IIMBG INSPIRE seeks to provide focused, faster and speed growth to new ventures for their successful commercialization of products.
Highlights | Information |
Established in | 2021 |
Space/Size | 20,000 sqft |
Facilities |
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No.of incubatee and start up companies | 5+ |
The centrepiece of IIMBG INSPIRE is STEP-IN, or Startup Enablement Programme through Incubation. By offering its incubatees a state-of-the-art incubation facility, it hopes to grow into one of the top incubation programmes in Bihar. It aims to assist startups in becoming market-fit, gaining early consumer traction, and making money.
In addition to providing professional mentorship, on-site incubation for one to two years, greater access to market resources, networking opportunities, business skill training, and engagement with industry experts and investors, STEP-IN assists entrepreneurs in fine-tuning their business models.
IIM Nagpur has a business incubator called InFED (IIMN Foundation for Entrepreneurship Development). InFED works with significant players at the local, state, federal, and international levels to build an ecosystem that supports entrepreneurs and related parties. InFED serves as a link between aspiring company owners, academics, research institutes, firms engaged in research and development, industry specialists, and financial backers and the government.
Through facilitative services, it also provides all forms of necessary techno-business support for incubates to operate on a daily basis. By generating and disseminating entrepreneurial knowledge through research and various educational programmes, it seeks to strengthen and empower the startup ecosystem.
Highlights | Information |
Established in | 2018 |
Facilities |
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Funding programmes | Startup India Seed Fund Scheme, Incubator Seed fund Management Committee of InFED |
No.of incubatee and start up companies | 10+ |
Also check - Incubation Labs At Third Generation IITs Strive For The Success Of Budding Entrepreneurs
IIM Sambalpur's Business Incubation centre supports start-up firms by providing a range of interventions. By providing access to networks, business mentoring, technology support, business mentoring, scientific and information resources, and a generally conducive and supportive environment, it also nurtures businesses in their start-up phase. It supports and runs an active programme for the discovery, development, acceleration, and translation (into practise) of novel ideas fit for starting new businesses.
Highlights | Information |
Established in | 2020 |
Facilities |
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No.of incubatee and start up companies | 7 |
IIMV Foundation for Incubation Entrepreneurial Learning and Development (IIMV FIELD) is committed to fostering innovation and entrepreneurship by motivating and assisting students, faculty, alumni and entrepreneurs across the region. And also to turn their ideas and concepts into working business models and market-ready goods and services. Some of their programmes include pre-incubation, incubation, and acceleration support for women led, student led, social ventures, tech based, edutech and fintech ventures.
It also aims to increase opportunities for mutual learning, knowledge sharing, idea cross-fertilisation, constructive thought exchange, and dissemination of best practices among the people involved. Apart from networking, FIELD creates programmes in creativity, upskilling, re-skilling, re-tooling, incubation, acceleration, innovation, entrepreneurial learning, and development of entrepreneurship.
Highlights | Information |
Established in | 2018 |
Facilities |
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No.of incubatee and start up companies | 73 |
IIM Jammu's Foundation for Entrepreneurship Innovation and Skill Development (IIMJ-FEISD) supports, encourages, and sustains local initiatives that foster innovation, entrepreneurship, and skill-development. The IIMJ-FEISD seeks to develop an ecosystem of innovation and entrepreneurship among the government, academic, and corporate communities of all of Jammu and Kashmir in general, and among the IIM Jammu students, professors, and alumni in particular.
IIMJ-FEISD is attempting to work in a variety of sectors, including but not limited to: agriculture and processed foods, travel and tourism, handicrafts and small businesses, medical and biotechnology, green energy, and ITeS.
Highlights | Information |
Established in | 2022 |
Space/Size | 10,000 sqft |
The Centre for Entrepreneurship at IIM Amritsar is in-charge of setting up and maintaining a system of assistance for persons on and around the university who have creative ideas. In order to co-create and maintain its influence, it creates an entrepreneurial environment.
It attempts to inspire, motivate, and excite pupils to adopt an entrepreneurial mindset. It focuses on fostering aspiring business owners and expanding the entrepreneurial environment. It strengthens the entrepreneurial faculty and research network.
Highlights | Information |
Established in | 2018 |
IIM Sirmaur doesn’t have its own incubator lab but it has a collaboration with IIT Roorkee for an incubation centre. It is named as Technology Incubation and Entrepreneurship Development Society (TIEDS) Business Incubator .
Also check - Analysis Of Incubation Labs For Entrepreneurs At IIM Rohtak, Shillong, Udaipur And Kashipur
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 .
To know about this please prefer our college predictor
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.
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