IIM – The Million Dollar Question

According to Wikipedia, the Indian Institutes of Management are a group of public, autonomous institutes of management education and research in India. They primarily offer postgraduate, doctoral and executive education programmes. Each IIM exercises independent control over its day-to-day operations.

IIMs are prestigious and premier institutes in India for pursuing MBA. There are ample avenues that an IIM opens for you, including securing a high-flying job. It provides you with a great platform to showcase your abilities by providing you with incredible infrastructure, a great alumnus record and of course, immense but positive competition in terms of your peers. Besides boasting of providing their students with excellent education and faculty, their on-campus placement records are outstanding. One can’t possibly necessitate the importance of placements in the present-day.

IIMs churn out an enormous number of highly talented and qualified management graduates to be the part of the business and management community. Owing to their long-standing reputation and widespread knowledge of an IIM graduate’s future post completion of his/her studies, every student’s first preference automatically shifts to being accepted as a MBA candidate in an IIM. To get admission in an IIM you should meet the following requirements:

  • Score of more than 80% in class 10th, and 12th from a recognized board.
  • Score of more than 80% in graduation from a recognized university.
  • Score of more than 98 percentile in CAT, which is conducted by IIM.

The typical philosophy practiced by an IIM is to develop innovative and ethical future leaders that are capable of managing change and transformation in a globally competitive environment and to advance the theory and practice of management in the modern world. Many IIM grads have been and are a part of multi-national corporations. The supply-demand dynamics at IIMs are more favourable to job-seekers.

The basic admission procedure to get into an IIM is:

  1. Register and appear for the computer-based Common Admission Test (CAT), conducted by IIMs every year.
  2. The examination consists of three sections: Quantitative Ability, Data Interpretation & Logical Reasoning and Verbal Ability.
  3. The list of candidates shortlisted for the next level of selection is made available on the respective IIM’s website. Each IIM will send interview letter to shortlisted candidates directly. The criteria for shortlisting vary from IIM to IIM.

Note: Each IIM shortlists candidates for second stage of selection which may be independent of each other.

  1. The process may include Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI) On the basis of score acquired in CAT examination, candidates are called for a Personal Interview (PI).
  2. In addition, IIMs may use other factors like previous academic performance of the candidates, relevant work experience and other similar inputs in shortlisting and ranking of candidates at various stages of the admission process.

Note: The processes, academic cut-offs and the weights allocated to the evaluation parameters vary across IIMs.

 

Now that you are acquainted with the tasks ahead of you, make YOUR mission to get into an IIM! Go that extra mile and turn the dream into a reality. Check out our free CAT preparation material!