IIM Bodh Gaya

Indian Institute of Management Bodh Gaya (IIM-BG) is the 16th IIM in India. IIM Bodh Gaya was proposed under the union budget 2014-2015 by the then Finance Minister, Arun Jaitley. Several industry experts visit the university to share their wealth of experience and industry insights at B-talk events. In addition, the institute creates a favourable environment for conducting numerous cultural events and sports competitions to promote these qualities and provide a comprehensive growth of students.

In this article,

Established in 2015, IIM Bodh Gaya is set up under the mentorship of IIM Calcutta, one of the top B-schools and the oldest IIM in the country. It was established in the year 2015 and the first academic session was inaugurated by the then Union Human Resource Development Minister Smriti Irani in Bodh Gaya, Bihar. IIM-BG recognises the value of exposing students to global standards and current trends for the growth and development of their academic experience. IIM BG recognises the value of exposure to global standards and contemporary trends for students’ academic progress and development.

IIM Bodh Gaya Highlights

IIM Bodh Gaya fosters an environment where ethical business professionals can flourish. As a result, IIM-BG has solidified its position among the nation’s finest management schools in a short period. Listed below are the highlights of IIM Bodh Gaya.

Features

IIM Bodh Gaya

Institute Short Form

IIM – BG

Official Website

www.iimbg.ac.in/

Address

Indian Institute of Management, Prabandh Vihar, Bodh Gaya, Bihar 824234

Logo

Motto

“Let all be witnesses of all good happenings.”

Accreditations

AACSB

Ranking

The Week-Hansa- 24th rank , 2020

Year of Establishment

2015

Programmes Offered at IIM Bodh Gaya

The pedagogy at IIM Bodh Gaya and IIM Calcutta is the same. IIMC faculty teach the PGP programme at IIM Calcutta. The programme was established to provide world-class management education in order to build competent and skilled management experts to keep up with the demands of organisations in a variety of sectors.

Program Name

Accepted Entrance Exam

Program Duration

+

Fee

Eligibility Criteria

MBA- Post Graduate Program (PGP)

CAT/GMAT

2 Years

+

1295000

  • A Bachelor’s Degree from a recognised university/institution with at least 50% marks or an equivalent CGPA is required.
  • If any of the degrees are obtained from universities outside India, the candidate must produce the equivalence certificate by the Association of Indian Universities.

Ph.D programme

CAT/GRE/GMAT/GATE/JRF(UGC/CSIR)

Offer acceptance amount INR 30000 (refunded against caution deposit)+

5 Years

  • Master’s degree with at least 60 per cent marks or equivalent
  • Professional qualifications (CA, ICWA, CS )with at least 60 per cent marks
  • Five year Integrated Master’s degree programme in any discipline, with at least 60 per cent marks, or
  • Four /Eight year Semester Bachelor’s Degree in Engineering (B.E./B.Tech./ B. Arch.) with at least 65 per cent or equivalent

Integrated Programme in Management (IPM)

JIPMAT Score

  • For the first three years – Rs. 4.5 lacs per year. The tentative tuition price for the fourth and fifth year is Rs.7.5 lacs per year.
  • Candidates must have passed the 10+2/XII/HSC examination in the arts/commerce/science stream or equivalent with a score of 60% or higher
  • A grade of 60 per cent or above in class 10th in the year prior to 2017.

* For the purpose of generating the final merit list, the marks acquired in JIPMAT, 10th score, and 12th score will be computed in the following ratio: 70 per cent on the JIPMAT, 15 per cent on the 10th, and 15 per cent on the 12th.

Partnerships and International Exchange Programs by IIM Bodh Gaya

In order to offer international exposure and cultural diversity on the campus, the institute has made collaborations with various universities and colleges in France, Venezuela, Russia, Mexico, Italy, and South Korea. In addition, IIM Bodh Gaya people can enrol in the International Student Exchange Program, which allows them to spend a one-semester term at renowned management institutes worldwide. International students from partner institutions are also encouraged to spend one academic term at IIM Bodh Gaya.

Partnership Institutions with IIM Bodh Gaya

The University of Cyprus

EADA Business school Barcelona

ISCAE Business School

Ben-Gurion University of the Negev

Universidad Anáhuac México

IBS-Moscow

ESDES Lyon Business School

University of Cyprus

Turība University

University of Florence

Universidad de Monterrey (UDEM), México

SolBridge International School of Business

Montpellier Business School

CENTRUM PUCP Business School

MIP Politecnico di Milano Graduate School of Business

IESA – Instituto de Estudios Superiores de Administración

ESC Clermont Graduate School of Management

International School of Management (ISM), Germany

Kazan National Research Technological University (KNRTU)

Alba Graduate Business School

National Cheng Kung University

University of Florence

Campus Life

Until the 118-acre permanent campus is wholly constructed, IIM Bodh Gaya will function temporarily from the Magadh University’s Institute of Distance Education building. Bodh Gaya is home to the Mahabodhi Temple Complex, a UNESCO World Heritage Site. IIM Bodhgaya provides an ideal atmosphere that supports its students’ comprehensive growth.

Learning Ambience

The institute places a premium on the academic environment it provides to students. Professors are supported by cutting-edge innovation, which improves students’ overall learning. There are also various student clubs on the IIM Bodhgaya campus.

HRise – H R Club

FINix- Finance Club lectica – The Book Club

MaSq – Marketing Squad Club

Pragati: The Social Service Club Strategy and Consulting Club

Dimensions – Data Analytics Club

EBSB – Ek Bharat Shreshtha Bharat Club

Economics Club

Communications Club

Unnayan – Music and Drama Club

OPSIM – Operations Club Communication Club

Hostel:

  • Even though IIM Bodh Gaya’s permanent campus is under construction, the temporary hostel is designed to satisfy the requirements of students. Gargi Hostel is IIM Bodh Gaya’s women’s hostel.
  • Basketball, volleyball, and badminton facilities are available on the hostel grounds. The hostel is divided into three floors, each with 30 rooms, both single and double use. The rooms are well-ventilated and well-lit.
  • Beds, mattresses, study tables, chairs, and cupboards are provided for students.
  • Each corridor has a shared restroom and a water cooler. Based on the students’ preferences, the rooms in each corridor are either single occupancy or double occupancy.
  • The mess is located on the first floor of the hostel. Each section of the dormitory has its washing machine and water cooler. WiFi facilities are available throughout the hostel, and every room has a LAN connection.
  • The hostel includes its gymnasium and a spacious common room where students can play indoor games like table tennis and chess and participate in other group activities.
  • Samatvam – The institute aims to establish a learning atmosphere that promotes a dedication to mindful habits. The Mindfulness Centre at IIM Bodh Gaya intends to develop mindful business leaders representing the ‘samatvam’ ideology.

Library

The Library is open from 9:30 a.m. to 6:00 p.m. Monday through Friday. Students enrolled in MBA and PhD programmes at IIM-BG now have access to a fully automated e-library with over 1.5 lakh books, 15,000 journals, and 5,000 magazines, 150000+e-books,15000+ e-journals, 7000+ e-magazines, and 3000+ e-news papers.

Scholarships offered at IIM Bodh Gaya

Deserving candidates can apply for Need-Based Financial Assistance (NBFA) at IIM Bodhgaya. Listed below are important points regarding the NFBA scholarship.

Financial Assistance (NBFA) is provided by the Indian Institute of Management Bodh Gaya to all qualifying students admitted to the Postgraduate Programme in Management (PGP). The Need-Based Financial Assistance (NBFA) programme of IIM Bodh Gaya seeks to ensure that no participant is denied access to the institute’s education due to financial constraints. The number of beneficiaries and the amount of aid are decided in two steps by the NBFA Committee.

  • The participant’s financial needs will be evaluated in the first step by reviewing the application provided by the students. Based on the results of the first stage, some of the applicants may be invited for an interaction with the NBFA Committee. Applicants will be granted financial aid, based on their performance in phases I and II of the assessment process.
  • As a general rule, financial aid will be fixed at or near the tuition fee set for that Academic Year. NBFA awards are based on a percentage of the maximum amount above based on the family’s income. Up to 1.5 Lakh Per Annum 100%, More than 1.5 Lakh up to 3 Lakh PerAnnum 75%, More than 3 Lakh – 5 Lakh Per Annum 50%, More than 5 Lakh up to 8 Lakh Per Annum 25%.
  • Students must have taken out a loan from a recognised bank and used the resources from the loan account to pay their fees during the course of their studies. The total amount awarded under NBFA will be limited to the amount for that academic year in the NBFA budget.
  • When granting NBFAs, the participants’ disciplinary records will also be taken into account.
  • The NBFA will be issued only after the required proof of fee submission from the loan account has been received, and it will be limited to a proportion of the tuition fee loan only. Those who are eligible may apply by submitting a full application before the Scholarship Committee’s deadline.
  • Applications received after the deadline will not be accepted. As part of the first round, complete applications with all relevant paperwork will be processed.

Financial Assistance for PhD candidates

  • IIM Bodh Gaya will also provide scholarships to full-time Research Students (PhD). It will cover all academic expenses (consisting of tuition, computer, library fees) and hostel fees.
  • At the time of registration, selected candidates are required to submit a caution deposit of Rs. 30,000/-. Caution money is refunded after deducting any outstanding dues at the time of departure from the institute.
  • Every year, the insurance premium will be withdrawn from the Contingency Grant.
  • The Contingency Grant will be used to cover the costs of books, stationery, journal subscriptions, professional annual membership fees (student prices) for one national and one international society, and thesis-related travel.
  • The institute maintains the right to charge additional costs to students or to increase prices if required. When implementing such adjustments, due notice would be given.
  • Teaching Assistantship is mandatory and unpaid for two programs per year.

Scholarship for Phd students

Additional Financial Support

  • Stipend: Rs. 32,800/- each month until Comprehensive Exam
  • Post-Comprehensive Exam Stipend: Rs. 35,400/- per month
  • Stipend after Thesis Proposal Approval: Rs. 39,300/- per month
  • A contingency grant of Rs. 25,000 per year for four years is available, as well as a one-time payment of Rs. 50,000 to purchase a laptop.
  • Students would receive Rs.175,000 for attending conferences after clearing the Comprehensive Exam.

IIM Bodh Gaya Average Package & Placements

  • Students are requested to register their interest in a job once an organisation expresses interest in hiring from the institute. The placement committee will receive an email advising them about the job opening and the information regarding the position. Students can respond by submitting their EOIs (expressions of interest).
  • Recruiters choose the qualified applicants, generate a shortlist, and notify the placement office. Following that, the on-campus interviews are held. Additionally, recruiters may conduct interviews with students off-campus. The company will only consider students who are applying for the job based on that description, and those students’ qualifications and CVs will be made available to them.
  • Pre-placement presentations are given by recruiters to the student body as part of the recruitment process.

IIM Bodh Gaya Summer Placements 2020-2022

Even through the pandemic’s unprecedented challenges, IIM Bodh Gaya successfully completed the Summer Internship Placements for the MBA Batch of 2020-22 and earned a 100% placement rate. More than 80 companies participated in the 2020-2022 PGP programme placement drive. Morgan Stanley, Ultratech, Deloitte, Shriram Group, Viatris, Dalmia Group, Galiakotwala, TVS Credit, Godrej & Boyce, Bosch, Jio Creative Labs, NALCO, Asian Paints, Zaggle, and DSM, among others, hired students from the college for the first time during the Summer Placements. The average stipend for the 2020-22 batch is Rs. 41,900, with the maximum stipend being Rs. 1,40,000. Some of the Previous recruiters were Kotak Mahindra Bank, BNY Mellon, RBI, APML, and Tata Steel, on the other hand, continued to put their credence in the college.

Sector

Number of Offers Made

BD/ Sales

50+

Finance

25+

Human Resource

15+

IT / Analytics

5+

Operations

10+

Marketing

25+

Strategy

10+

Others

5+

Overall Stipend Compensation

Mean Stipend

41900

Highest Stipend

1,40,000

Top 50 % Stipend

64000

IIM Bodh Gaya Summer Placements 2019-2021

The Summer Internship Placement season at IIM Bodh Gaya for the PGP batch 2019-2021 saw over 100 firms express interest in hiring, resulting in a 100% placement rate The highest stipend awarded to the fifth batch of the institute’s flagship PGP programme was INR 2,00,000. Crompton, Maruti Suzuki, Reserve Bank of India, SIDBI, RAAM Group, Sodexo, Safexpress, AGS, and NTPC were among the prominent recruiters for the year.

Sector

Percentage of Offers Made

HR

8.1%

Finance

18%

General Management

2.7%

Consulting

2.7%

Digital Marketing

4.5%

Operations

14.4%

BD/ Sales & Marketing

49.6%

Overall Stipend Compensation

Mean Stipend

50000

Median Stipend

40000-50000

Highest Stipend

200000

IIM Bodh Gaya Summer Placements 2018-2020

The fourth batch of IIM-BG successfully participated in the summer placements for 2019. Major roles were offered in sales, market research, Corporate finance, equity, supply chain, IT Operations, etc. The HR domain was offered for the first time to this batch at IIM-BG. Some of the renowned recruiters are Godrej, Exide, IFB, Fujitsu, SBI, Kotak Mahindra Bank and HDFC Bank.

Sector

Percentage of Offers Made

Finance

25

General Management

9

Human Resource

3

Operations

8

Sales & Marketing

55

Overall Stipend Compensation

Mean Stipend

61,240

Median Stipend

55000

Highest Stipend

1,90,000

Average stipend of top 25%

92,270

IIM Bodh Gaya Final placements 2019-2021

The IIM Bodh Gaya MBA Batch 2019-21 successfully completed Final Placements and had a 100% placement rate, despite the unprecedented obstacles presented by the pandemic. A total of 109 students were selected from the institute’s flagship MBA programme for the largest batch to date at IIM Bodh Gaya. Over 45 companies had expressed interest in selecting graduates from the MBA programme. The prominent recruiters of this batch were Crompton Greaves, KPMG, BYJU’S, BNY Mellon, Gartner, and Tech Mahindra, Kotak Mahindra Bank etc., Companies like Suzlon, McKinsey & Co, Simplotel, NLMK Steel, Hettich India, IndiaMart, QuessCorp, Volvo Eicher, TVS Credit, SBI GI, Tata Power, Darwin Box, Scaler, Tata AIA and GROW were among the first time recruiters.

Sector

Percentage of Offers Made

Ed-Tech

22.9

IT / Analytics

13.5%

BFSI

12.5%

Consulting / G. Management

12.5%

FinTech

3.1

Ecommerce

3.1%

Others

9.4%

Manufacturing

10.4%

Logistics

11.5%

Overall CTC Compensation

Mean CTC

9.92 LPA

Median CTC

9 LPA

Highest CTC

17.3 LPA

IIM Bodh Gaya Final Placements 2018-2020

The MBA Batch 4 placement procedure at IIM Bodh Gaya was completed successfully. Despite the insurmountable periods of the COVID-19 pandemic, 100% placement was achieved. Some regular recruiters also offered five PPOs, including Maruti Suzuki, AGS, and K12. The institute witnessed many prominent recruiters making offers in the profiles like Sales and Distribution Management, Corporate Banking, Brand Management, Operations and Logistics, Business Analysts, Wealth Management, Project Management,Relationship Management.The class had students coming from India’s top-notch colleges of national importance.

Sector

Percentage of Offers Made

Ed-Tech

9.4

IT / Analytics

12.5

BFSI

18.8

Consulting / G. Management

1.6

FMCG

7.8

Others

12.5

Manufacturing

12.5

Food Services

17.2

Overall CTC Compensation

Mean CTC

9.56

Median CTC

9

Highest CTC

16.25

Upon completing the article, you should have received an answer to the question of Why MBA? from a prestigious B-school like IIM Bodh Gaya. Like all the IIMs, IIM Bodh Gaya also considers CAT Scores as one of the shortlisting criteria. CAT Exam is an extremely competitive exam, which means that you will need to put in a lot of effort and focus in order to get into the dream IIM of your choice. Stay connected to BYJU’S to get the latest updates on CAT 2022.