IIM Indore | IIM - I Programmes, Eligibility Criteria, Rankings, Scholarships & Placements

Founded in 1996, the Indian Institute of Management Indore (IIM-I) is one of the top MBA colleges in India. It was the sixth addition to the IIM family, which started with IIM Calcutta in 1961. The institution was set up by the Department of Higher Education of the HRD Ministry of the Government of India to provide quality business education that can be considered at par with the best in the world.

In this Article,

Among India’s fastest-growing colleges, IIM Indore has seen considerable growth in recent years in terms of new faculty and programme introductions, as well as infrastructure enhancements. IIM-I has two facilities in India, one in Indore and another in Mumbai.

IIM Indore Highlights

With regard to several management initiatives, IIM Indore has always been at the forefront. Students at IIM Indore are exposed to a methodology that integrates data, information, and techniques from diverse disciplines that promotes integrative learning and training. Here are some of the highlights of IIM Indore.

Features

IIM Indore

Official Website

www.iimidr.ac.in

Address

Prabandh Shikhar,

Rau Pithampur Road, Indore,

Madhya Pradesh 453556

Logo

IIM Indore

Motto

Siddhi Moolam Prabandhanam” -‘the root of all achievement is management’.

Year of Establishment

1996

Rankings & Accreditations

EQUIS, AACSB, AMBA

Programmes Offered at IIM Indore

IIM Indore offers a variety of post-graduate management programmes for Bachelor’s degree holders, experienced professionals, and working executives. The PGP Program, IPM Program (Integrated five-year Program), EPGP Program (for experienced professionals), PGPMX Program (for working executives, Mumbai campus), GMPE Program (for working executives, Indore campus), and numerous online programmes are among the management programmes offered by IIM Indore. The Institute partnered with over 40 international institutions, establishing multiple Memorandums of Understanding for student and faculty exchange. The IIM Indore MBA admission criteria, various programmes offered, and IIM Indore executive education courses are shown below

Programme Name

Accepted Entrance Exam

Programme Duration

+

Fee Structure

Eligibility Criteria

Post Graduate Programme in Management (PGP)

CAT/GMAT

2 Years

Rs. 10,95,000

  • Bachelor’s degree or completed professional degree (CA/CS/ICWA/Fellow of the Institute of Actuaries of India (FIAI)) with at least 50% marks or equivalent

Executive Post Graduate Programme in Management (EPGP)

GMAT

INR 22,11,800/-

+

1 year

  • 50% in four-year Bachelor’s Degree in any discipline.

OR

  • 50% in three-year Bachelor’s Degree with 50% in Master’s Degree.

OR

  • 50% in Five-year Integrated Programme / other programmes of similar duration.
  • A valid GMAT score- The GMAT score
  • Minimum 5 years of managerial/ entrepreneurial/ professional experience

Five Year Integrated Programme in Management (IPM)

APT


(Aptitude Test)

I, II, III Years – Rs. 4,00,000/-

IV & V years- as per prevailing PGP fees

+

Five years

  • Candidate should have been born on or after August 01, 2001
  • Qualifying Exam: Candidate should have passed Standard XII / HSC or equivalent examination in 2019, 2020 or appearing in 2021.
  • Candidate should have minimum 60% in standard X/ SSC and should have passed standard XII/ HSC or equivalent examinations.

Fellow Programme in Management (FPM)

CAT/GRE/UGC-JRF(respective specialisations)/GMAT

Stipend

+

Five years

  • Master’s degree with at least 60 percent aggregate marks or equivalent

(OR)

  • Postgraduate Diploma (2 years) with at least 60 percent aggregate marks or equivalent

(OR)

  • Professional qualifications CA, ICWA, CS along with a B.Com/ Degree (with at least 60 percent aggregate marks).

(OR)

  • A five year integrated Master’s degree program in any discipline, with at least 60 percent aggregate marks or equivalent (OR) First Class/ equivalent
  • Bachelor’s degree (4 year/8 semesters) with a minimum CGPA of 6.5 out of 10 or equivalent.

Executive Fellow Programme in Management (EFPM)

CAT/GRE/UGC-JRF(respective specialisations)/GMAT

980000

+

3 years

  • Master’s degree with at least 60 percent aggregate marks or equivalent

(OR)

  • Postgraduate Diploma (2 years) with at least 60 percent aggregate marks or equivalent

(OR)

  • Professional qualifications CA, ICWA, CS along with a B.Com/ Degree (with at least 60 percent aggregate marks).

(OR)

  • A five year integrated Master’s degree program in any discipline, with at least 60 percent aggregate marks or equivalent

(OR)

  • First Class/ equivalent Bachelor’s degree (4 year/8 semesters) with a minimum CGPA of 6.5 out of 10 or equivalent.

Executive Fellow Programme in Management and Governance (EFPMG)

Research Aptitude Test (RAT)

Rs. 9,80,000/

+

4-6 Years

  • Minimum 5 years of experience working as an Officer (Pay band level 11 and above as per the 7th CPC)
  • Master’s degree in any discipline with at least 60 percent or equivalent

. (OR)

  • Postgraduate Diploma (2 years) with at least 60 percent aggregate marks or equivalent (OR)
  • Professional qualifications CA, ICWA, CS along with a B.Com or Degree(OR)
  • A five year integrated Master’s degree program in any discipline, with at least 60 percent aggregate marks or equivalent (OR)
  • First Class/ equivalent Bachelor’s degree (4 year/8 semesters) with a minimum CGPA of 6.5 out of 10 or equivalent.
  • Academic eligibility, minimum 60 percent in Class X and minimum 55 percent in Class XII is required.

Post Graduate Programme in Management for Working Executives (PGPMX) in Mumbai

  • IIM Indore Aptitude Test for admission to PGPMX

Two-year, alternate weekend

+

17,60,000/-

  • A Bachelor’s degree or its equivalent.
  • Completed at least 5 years of full time managerial/professional experience

Master of Science in Data Science and Management

CAT/GATE/GMAT/GRE/JAM

2 Years Online

+

INR 12.0 Lakhs

  • BTech/ BE/ BS/ BPharm/ BArch/ BDes/ Four years BSc/ MSc/ MCA/ MBA with First class or 60% or 6.0 CPI /6.0 CGPA degree in

OR

  • Equivalent with having done at least two courses in Mathematics and one in Computer Programming at qualifying degree level. AND test score obtained anytime in the last three years.

General Management Programme for Executives (GMPE)

Certificate

One Year Weekend

+

INR 5,90,000/-

  • Professional Qualifications such as ICWAI, CA & ACS. At least 02 Years work experience
  • For Post Graduate/Engineering degree holder/Professional Degree holder: At least 3 years of work experience
  • For other degree holders- (B.Sc., B.Com, B.A.): At least 5 years of work experience
  • For diploma holders: At least 10 years of work experience

Course in Business Management for Defence Officers

  • Officers of all ranks from Captain to Brigadier equivalent only are eligible for this course

Faculty Development Programme (FDP)

Rs. 88,500

+

5-week residential programme

  • The applicant must have a teaching experience of full time faculty member / PhD student /working professional with minimum five years of experience

IIM Indore Rankings and Accreditations

IIM Indore proudly gained the milestone of Triple Accreditation of EQUIS, AMBA, AACSB, achieving the ‘Triple Crown’ in the year 2019-20 . Listed below are the rankings of IIM Indore.

International Rankings

Year

Ranking Agency

Rank

2021

Global MBA QS Ranking (in Asia)

25th

2021

Global MBA QS Ranking (amongst the IIMs)

4th

National Rankings

2021

FT Rankings 2021 (In India)

4th

2021

FT Rankings 2021 (Among IIMs)

3rd

2021

NIRF Rank

6th

2020

NIRF Rank

7th

IIM Indore Scholarships

Need-Based Financial Assistance

  • IIM Indore provides financial support to qualified participants in need of financial assistance. The Need-Based Financial Assistance (NBFA) programme assures that no student is denied access to IIM Indore because of financial constraints.
  • Financial assistance is available to all participants in the Post-Graduate Programme in Management (PGP), PGP HRM (PGPH), and Integrated Programme in Management (IPM) who have an annual family income of less than INR 9 00,000.
  • The number of awardees and the amount of aid are assessed in two steps by the NBFA Committee. The actual NBFA provided would be a percentage of the institute’s maximum amount of financial support for the year.
  • This would be determined on an annual basis. The percentage would be determined depending on the participant’s family’s income and assets and disciplinary records are also taken into account.
  • Then, based on the first stage’s results, qualified applicants are invited for a personal interview with the NBFA Committee.
  • During this interaction, the NBFA Committee evaluates a participant’s financial need and verifies the accuracy of the information provided. Financial assistance is granted based on the results of the above process.
  • Participants who applied for a seat through the EWS quota but were selected through the general quota or any other quota are eligible for the NBFA. Any person who has applied to the SC, ST, OBC, or physically handicapped quota system, and meets the eligibility criteria is eligible for the NBFA.

Scholarships offered by IIM Indore for Ph.D candidates

  • FPM candidates receive a stipend of Rs.30,000/- (Rupees Thirty Thousand only) per month for the duration of their course work (Terms I, II, III, and IV) and Rs.35,000/-per month after passing the comprehensive examination according to the institute’s standards. They are eligible to receive a stipend for a maximum of 4 years and nine months).
  • FPM students will be given a contingency grant of Rs.25,000/- each year for four years to support their research which is subject to the program’s rules. The institute provides financial assistance to present papers at national conferences, up to a limit of Rs. 30,000/- per year per conference, with a provision that starts the second year for attending one or more conferences per year.
  • The institute subsidises expenses for international conferences up to a limit of Rs. two lakhs, with the option of attending a maximum of two international conferences, as well as an international doctoral colloquium or an international professional development workshop, over the course of the five-year programme.

List of Prominent IIM Indore Alumni

Hussain Haidry- Lyricist, Poet, Writer

  • SP Siddharth Kaushal – District Superintendent of Police
  • Siddharth Sethi – CEO& Co-Founder, InfoBeans Technologies

IIM Indore Campus Life

A 193-acre campus perched atop a spectacular landscape offers the perfect environment for contemplative learning at IIM Indore. The institute has outstanding architecture, structural designs, and facilities with breathtaking views. The institute is situated on a scenic hilltop. IIM Indore’s infrastructure facilities have expanded at an extraordinary rate. Participants, faculty, and staff at the institute have access to world-class lecture theatres, well-equipped gymnasiums, and comprehensive sports facilities. Among all the B-Schools in India, IIM Indore has, without a doubt, one of the most breathtaking campuses. With the best teaching aids and extensive learning resources, a strong IT infrastructure, a top-class sports complex and hostels, and its state-of-the-art infrastructure, IIM Indore stands out from the rest.

IIM Indore Learning Centre facility

  • The IIM Indore Learning Centre (LC), with its technologically advanced collection of knowledge-based resources and reliable and innovative services, plays an important role in the academic pursuits of faculty and the student community. It is a hybrid library with technological applications that houses knowledge resources primarily related to management and subjects.
  • The resources, including CD-ROM and online databases, are accessible through the institute’s network. The LC offers various information services that adhere to the highest standards of excellence to aid in the learning process.
  • IIMI Library is a member of the IIM Consortia and the INDEST Consortia. A major objective of the Learning Centre is to establish a cutting-edge knowledge resource centre covering management and related topics. In order to meet the information needs of the institute’s academic community, it provides appropriate knowledge resources.
  • The IIM-I Library has a large collection of books on management topics. At the library, you can find more than 15,000 books, 425 Indian and foreign journals, and more than 1,000 e-journals.

Sports/Recreation Facilities

IIM Indore has a Sports Complex with the best sports facilities for indoor and outdoor sports. The Sports Complex includes the following amenities:

  • Room for Meditation, Aerobics, and Yoga
  • Cardio Zone Zone
  • Banquet Hall
  • Event Court Cricket Ground
  • Football Field
  • Cafeteria
  • Volleyball Courts and
  • Table Tennis Court
  • Billiards
  • There are two pools.
  • Squash Court,
  • Gyms,
  • Lawn Tennis Court
  • Basketball Courts
  • Sauna Bath Room

The institute has engaged the services of certified fitness instructors, who provide cardiovascular training, strength training, flexibility training, yoga, and aerobics training. They also offer personalised training regimes, based on their needs and goals. Swimming programmes are planned and developed by skilled and experienced swimming instructors to benefit as many IIM Indore community members as possible.

Hostels

  • IIM-I has 18 hostels. For the One-Year Full-Time MBA(EPGP), a separate hostel with a capacity of approximately 200 students was established.
  • Every hostel room has a dedicated LAN connection to the institute’s network, allowing 24/7 access to internet resources. A wireless network is also available in the Faculty Block, Library, Classrooms, MDC, Hostel Blocks, Auditoriums, Sports Complex, and other areas. Each hostel block has a common room with amenities such as wall-mounted televisions with DTH connections, table tennis tables, dart games, and carrom and chess games. Each block has a square in the centre where basketball/badminton courts with artificial turf are maintained, with some blocks also having lawns in the square.

Water coolers and purifiers are installed in each block. Individual rooms are fully furnished with cots and mattresses, a computer table, chairs, closets, and shelves. All rooms have full-time internet access and direct lines to the main LAN. Housekeeping staff are available to clean the rooms, corridors, and restrooms daily throughout the week.

Academic Infrastructure

Participants at IIM Indore are trained and educated by excellent teachers, including visiting and permanent faculty members. The institute also has efficient staff members who handle the institute’s administration. Among the academic facilities are:

  • The Learning Center (Library)
  • Finance Lab
  • Syndicate rooms
  • Lecture Halls

The lecture theatres/classrooms have a linear seating arrangement, MDP classrooms are furnished with round tables. All classrooms are air-conditioned and fully equipped with the most up-to-date teaching aids. The institute also has two auditoriums, one of which includes an amphitheatre. The old auditorium has 300 seats, while the new auditorium, located at the Sports Complex, has 800 seats.

Residential Infrastructure

  • Hostels for all students and staff and faculty quarters are available on the IIM Indore campus. The FPM Participant’s Hostel, the Married Student’s Hostel, Student Mess Blocks, Executive Residences, Canteens, Student Residences, Student Common Rooms, Staff Quarters, and Faculty Quarters.
  • On-campus, all students have access to single/twin-sharing housing, with separate blocks/floors for men and women. The hostel blocks are elegant and aesthetically designed.

Mess Facilities

  • Students have access to a dedicated mess and a canteen that serves vegetarian and non-vegetarian food round the clock. Other snacks and soft drinks are available in a mess. Aside from the regular mess, a night canteen is open from 11 p.m. to 5 a.m. Aside from that, JAM—a students’ initiative that provides fresh fruits and juices, among other things—is available on the hostel premises.

Other Amenities:

The institute provides a variety of other daily necessities, such as Medical Center with Ambulance Service, Post Office, and Community Center India’s State Bank E-Corner Aside from a bank and two ATMs on campus, IIM Indore also has a State Bank of India (SBI) E-Corner with all advanced banking facilities, such as Internet Kiosk Banking, Cash Deposit Machine, ATM, and SWYAM-for printing passbooks at one’s leisure.

Accommodation & Office Space for FPM Students

  • IIM Indore Fellow Programme is a fully residential programme, and all FPM participants are required to stay in the Hostel unless exempted. FPM participants are given bachelor accommodations. There are a limited number of married accommodations available for participants and their spouses.
  • .All candidates have access to office space in a dedicated space with a LAN connection and wifi. There are also designated mess areas and basic medical and entertainment facilities.

IT Infrastructure

  • IIM Indore has a high speed and sturdy computer network with over 4500 nodes. A 10G Fiber backbone connects all Blocks and Departments.
  • A superfluous gigabit fibre backbone connects all of the hostels, Faculty Blocks, Administrative Blocks, Classrooms, MDP Block, Library, Seminar Hall, Sports Complex, and other facilities.
  • All blocks are linked via layer two and layer three switches to provide user connectivity.

Mumbai Campus:

Prof. Himanshu Rai, Director of IIM Indore, inaugurated the new campus on November 16, 2021. Over 20,000 square feet, the new campus includes seven classrooms, two board rooms, one meeting room, one studio room, one recreation room, and one cafeteria. The campus library contains 700 books and 2.5 e-books and a large database with access to the IIM Indore campus library.

IIM Indore Average Package & Placements

Despite the economic slowdown, the number of roles and profiles offered by companies and the consistent increase in the average CTC year after year exemplifies that IIM Indore sets the stage for a mutually beneficial relationship between participants and students. Let’s take a closer look at IIM Indore’s final and summer placement records.

IIM Indore Summer Internship 2021-2023

The Summer Placement Process for the MBA Class of 2021 – 23 was successfully completed by IIM Indore. For the 2021-2023 batch, there were 150+ recruiters and more than 30 new recruiters. Recruiters offered positions from a variety of industries, including IT & Technology, Automotive, Real Estate, BFSI, Consulting, Manufacturing, E-commerce, Healthcare Engineering, Media & Entertainment, and Telecommunication.

Sector

Number of Offers Made

FMCG

15

Manufacturing

7

Automotive

7

Consulting

25

IT Analytics

14

Healthcare

4

BFSI

17

E-Commerce

7

Others

4

Overall Stipend Compensation

Mean Stipend

2.5 Lakhs

Median Stipend

2 Lakhs

Highest Stipend

4 Lakhs

Top 100 Stipend

3.1 Lakhs

IIM Indore Summer Internship 2020-2022

Distinguished recruiters offered internships in a variety of fields domains for the 2020-22 batch. The institute outperformed the previous year, with a 7% increase in the average stipend offered. 190+ recruiters took part in the recruitment drive, offering positions in industries such as automobiles, banking and finance, consulting, e-commerce, energy, FMCG, infrastructure and real estate, healthcare, pharmaceuticals, technology, media, and telecommunications. Boston Consulting Group, Axis Bank,HSBC,ACT Fibernet, BlackBuck, MX Player, Cipla, Amazon, Hexaware, Lubrizol were some of the prominent recruiters.

Sector

Number of Offers Made

FMCG

12

Manufacturing

8

Automotive

8

Consulting

22

IT Analytics

14

Healthcare

4

BFSI

18

E-Commerce

9

Others

5

Overall Stipend Compensation

Mean Stipend

1.8 Lakhs

Highest Stipend

3.2 Lakhs

Top 100 Stipend

2.95 Lakhs

IIM Indore Summer Internship 2019-2021

Amidst unprecedented times IIM Indore successfully completed the summer placements for the 2019-2021. Students were offered internships from a multitude of domains like E-Commerce, FMCG, Consulting, Healthcare, Pharmaceuticals, Technology, Media, Automobiles, etc. Prominent recruiters were Deloitte, Axis Bank, HSBC, Goldman Sachs, HUL, Philips, Marico, Nestle, L & T, Michelin Tyres, etc.

Sector

Number of Offers Made

FMCG

19

Manufacturing

15

Media & Entertainment

3

Analytics

15

Banking

15

E-Commerce

12

Education

4

Overall Stipend Compensation

Mean Stipend

1.68 Lakh

Highest Stipend

4 Lakhs

Top 100 Stipend

2.86 Lakhs

IIM Indore Final placements 2019-2021

More than 210 companies participated in the 2021 placement drive for the 2019-2021 batch. There were 40+ first time recruiters offering roles across diverse industries like Healthcare, Pharmaceutical, Media & Telecom, FMCG, Energy, Ecommerce, Consulting, etc. The 22nd batch of the PGP Program in IIM Indore recorded the highest salary of INR 41.5 LPA. Some of the prominent recruiters were Boston Consulting group, MXV Consulting, Everest Group, Axis Bank, HSBC, ICICI Bank, SBI General Insurance, JSW Group, Jubilant food works, etc.

Sector

Percentage of Offers Made

Consulting

22

Finance

24

S&M

23

IT

11

Genman & Operations

20

Overall CTC Compensation

Mean Stipend

23.6 LPA

Median CTC

22.6 LPA

Highest CTC

56.8 LPA

Top 100

33 LPA

IIM Indore Final placements 2018-2020

Holding a place for itself as one of the top B-schools in the country, IIM Indore successfully completed the Final placements for the 21 PGP batch. There were a total of 578 candidates from the PGP Batch, Dual Degree Batch and PGP Mumbai students. The number of pre placement offers were 135. There were 160+ recruiters for this batch of placements. Some of the prominent recruiters were Boston Consulting Group, Deloitte India, Ernst& Young, HDFC Bank, Nomura, Kotak Bank, Amazon, American Express, Hindustan Unilever, Kohler, L’Oreal, etc.

Sector

Percentage of Offers Made

Consulting

22

Finance

24

S&M

23

IT

12

Genman & Operations

20

Overall CTC Compensation

Mean CTC

22.92 LPA

Median CTC

22 LPA

Highest CTC

50 LPA

Top 100 CTC

32.90 LPA

How to get into IIM Indore

  • The admission process of IIM-I, for Post Graduate Programme in Management (PGP), starts with the CAT examination.
  • There are a few other rounds of evaluation after a candidate successfully clears the CAT exam before final admission.
  • The score of GMAT is taken into account in the case of Non-residential Indians (NRIs). The admission to the Executive Post Graduate Programme in Management (EPGP) programme is also based on the GMAT examination. Executives with a minimum of 5 years of work experience can apply for this course.

The rising number of registrations every year reminds the fact why an MBA degree is important. Thousands of aspiring management aspirants appear for the CAT every year but only a handful succeed in getting into the premier institutions like IIM Indore. Our complete CAT preparation module, taught by the best mentors in the country, will make sure that there is no gap in your CAT 2022 preparation.