IIM Nagpur : Fees, Placements, Admission 2024
The Indian Institute of Management Nagpur (IIM Nagpur) is a publicly funded business school in Nagpur, Maharashtra, India. It was one of the six new-generation IIMs initiated by the Indian government in 2015.
IIM Nagpur : Highlights
though young, is rapidly gaining prominence as a business school. Noteworthy for its academic eminence, research dedication, and a robust alumni network,
–here are some of its key highlights:
1. Academic Excellence: IIM Nagpur has earned its place among the elite B-schools in India, as acknowledged by NIRF and other prestigious ranking agencies. The institute offers a demanding academic curriculum that comprehensively covers various management domains.
2. Research Prowess: A strong emphasis on research sets apart. Its faculty members are deeply engaged in research endeavors and have contributed to esteemed academic journals.
3. Alumni Resilience: IIM Nagpur boasts a resilient alumni network comprising accomplished business leaders and entrepreneurs. These alumni, well-entrenched in the industry, offer invaluable support and guidance to current students.
IIM Nagpur : Ranking
In the realm of management education, IIM Nagpur has garnered noteworthy rankings in 2023. According to the National Institutional Ranking Framework (NIRF), it stands at the 43rd position among all management schools in India. Furthermore, in the Indian Institute of Ranking Framework (IIRF), it secures the 22nd spot among government B-schools in India.
This young yet rapidly advancing business school has achieved remarkable progress within a short span, now firmly establishing itself among India’s premier B-schools.
–Here’s a snapshot of IIM Nagpur’s rankings across various categories:
- NIRF 2023: 43rd
- IIRF 2023: 22nd
- Business Today 2023: 24th
- Outlook I-CARE 2022: 19th
strong standing in these rankings underscores its unwavering dedication to offering a world-class education and equipping its students for triumph in the global business arena.
Financial Aspects: Understanding The Fees
IIM Nagpur MBA Program Fees – 2023-25
–For the academic years 2023-2025, the fees for IIM Nagpur’s two-year MBA program are as follows:
- General Category: INR 18.9 lakhs
- SC Category: INR 15.12 lakhs
- ST Category: INR 14.13 lakhs
- PwBD Category: INR 15.12 lakhs
These fees encompass tuition, hostel, and additional miscellaneous expenses.
dedicated to assisting students in managing their educational costs. The institute provides a range of scholarships, including need-based, merit-based, and corporate scholarships, along with various financial aid options such as loans and fee waivers.
IIM Nagpur : Admission 2024
The enrollment procedure for the MBA program for the academic year 2024-25 unveils in the subsequent manner:
1. Qualification Prerequisites:
Potential applicants must possess a bachelor’s degree from an accredited institution with a minimum cumulative of 50%. They should also possess a minimum of two years of postgraduate vocational background. A mastery of the English language is an obligatory condition.
2. Submission Process:
Aspiring candidates are obliged to forward their applications digitally via the official portal. The application charge amounts to INR 25,000. The cutoff date for the submission of applications is December 15, 2023.
3. Selection Standards:
The selection of candidates will rely on a holistic evaluation of their CAT score, vocational history, and scholastic achievements.
4. CAT Score:
A candidate’s CAT score holds the utmost significance in the selection procedure. Attaining a minimum percentile of 90 in the CAT is a prerequisite for consideration.
5. Professional Experience:
The extent of vocational experience also carries substantial weight in the selection process. Candidates with a more substantial vocational background are generally perceived as more competitive.
6. Scholastic Performance:
A candidate’s educational trajectory is another pivotal facet in the selection process. Those with a higher GPA are commonly perceived as more competitive.
7. The Selection Process:
The selection procedure for the MBA program encompasses the ensuing phases:
- Shortlist Creation: Candidates will be shortlisted predicated on their CAT score, vocational history, and scholastic achievements.
- Personal Interview: Shortlisted candidates will be extended an invitation for a personal discussion, administered by a panel encompassing faculty members and industry specialists.
- Final Appointment: The ultimate selection is contingent on a comprehensive appraisal of the candidate’s CAT score, vocational experience, academic performance, and performance in the personal interview.
8. Tuition Fees:
For the academic years 2023-25, the tuition fees for IIM two-year MBA program are segmented as follows:
- General Category: INR 18.9 lakhs SC
- Category: INR 15.12 lakhs ST
- Category: INR 14.13 lakhs PwBD
- Category: INR 15.12 lakhs
- These charges encompass instructional expenses, boarding charges, and supplementary incidental outlays.
IIM Nagpur : Placement Details
IIM Nagpur boasts a robust track record in terms of placement. During the 2023 placement season, the institution achieved a remarkable feat with a 100% placement rate for its students, with an average annual remuneration of INR 18.1 LPA. Notably, the cream of the corporate crop, including Deloitte, Accenture, Amazon, and Tata Consultancy Services, were among the top recruiters.
–Here’s a detailed breakdown of the placement statistics for the 2023 placement season at IIM Nagpur:
Category Average Salary (LPA) Top Recruiters General 18.1 Deloitte, Accenture, Amazon, Tata Consultancy Services SC 16.5 Deloitte, Accenture, Wipro ST 16 Deloitte, Amazon, Infosys PwBD 16 Deloitte, Accenture, Tata Consultancy Services
–IIM Nagpur extends a plethora of placement opportunities to its students across a multitude of sectors, including:
- Consulting
- Banking and finance
- Information Technology (IT)
- Fast-Moving Consumer Goods (FMCG)
- Manufacturing
- Retail
- Logistics
- Healthcare
- Education
Moreover, in line with its commitment to providing a global perspective, also presents international placement avenues to its students. In the 2023 placement season, a notable 10% of students secured positions with international companies, further enhancing the institution’s reputation and global reach.
IIM Nagpur : Faculty's
The faculty is renowned for their exceptional qualifications and extensive industry experience. With strong academic foundations and a wealth of practical knowledge, they bring a well-rounded perspective to the classroom.
Notably, faculty is actively engaged in research, and their contributions have been published in esteemed academic journals. This commitment to advancing knowledge ensures that students receive an education that is both theoretically sound and practically relevant.
–Here are some distinguished faculty members at IIM Nagpur:
- Dr. Prashant Gupta, Director
- Dr. Som Sekhar Bhattacharyya, Dean (Academics)
- Dr. Nilesh Gupta, Dean (Student Affairs)
- Dr. Sanal Kumar Velayudhan, Dean (Research)
- Dr. Santosh K. Misra, Dean (International Relations)
- Dr. Magesh Nagarajan, Professor of Marketing
- Dr. Neerpal Rathi, Professor of Finance
- Dr. Swamy Perumandla, Professor of Strategy
- Dr. Varun Gandhi, Professor of Economics
- Dr. Gunjan Tomer, Professor of Operations Management
- Dr. Prakash Awasthy, Professor of Human Resource Management
- Dr. Mukund Vyas, Professor of Information Systems
The faculty member’s at IIM Nagpur are dedicated to providing students with a top-notch education, equipping them with the skill’s and knowledge needed to excel in the global business landscape. They are passionate about research and continually strive to innovate in teaching and management methods, ensuring a dynamic and forward-thinking learning environment.
IIM Nagpur : Scholarship
IIM Nagpur is committed to making quality education accessible to all, and to support this mission, the institute provides a range of scholarships and financial assistance options. These avenues aim to ease the financial burden on students and promote diversity and academic excellence.
–Here are some of the scholarships available at IIM Nagpur:
- Need-based Scholarships: These scholarships are granted to students based on their demonstrated financial need. They are designed to support those who may face financial constraints in pursuing their education.
- Merit-based Scholarships: rewards students with exceptional academic records through merit-based scholarships. High academic performance is recognized and rewarded.
- Corporate Scholarships: Partnering companies sponsor these scholarships, which are awarded based on various criteria, including academic achievement, work experience, and diversity. This collaboration between the corporate world and the institute benefits deserving students.
–In addition to scholarships, IIM Nagpur offers various financial aid options to help students manage the cost of education, including loans and fee waivers.
Specific scholarships available at IIM Nagpur include:
- IIM Nagpur Merit Scholarship: Awarded to students who achieve high percentiles in the CAT exam, this scholarship recognizes and encourages academic excellence.
- IIM Nagpur Need-Cum-Merit Scholarship: This scholarship is granted to students who not only perform well in the CAT exam but also demonstrate a financial need, ensuring that deserving students with financial constraints can access quality education.
- IIM Nagpur SC/ST Scholarship: Dedicated to promoting diversity and inclusivity, this scholarship is awarded to students belonging to the Scheduled Caste (SC) or Scheduled Tribe (ST) category.
- IIM Nagpur PwBD Scholarship: This scholarship is designed to support students with disabilities, ensuring that their educational journey is made more accessible and equitable.
- IIM Nagpur Corporate Scholarships: These scholarships are generously sponsored by corporations and are bestowed upon students based on various criteria, including academic merit, work experience, and diversity, reflecting a commitment to nurturing future business leaders.
These scholarships and financial aid options underscore IIM Nagpur’s dedication to creating an inclusive and supportive learning environment for all its students.
IIM Nagpur : Cutt-off 2023
The cut-off percentile is the minimum percentile that a candidate must score in the CAT exam to be considered for admission to the MBA program . The cut-off percentile can vary from year to year depending on the number of applicants and the overall performance of the applicants.
| Category | Cut-off percentile |
|---|---|
| General | 90 |
| SC | 80 |
| ST | 75 |
| PwBD | 80 |
FAQ's
To be eligible for admission to the MBA program at IIM Nagpur, candidates must:
- Have a bachelor’s degree from a recognized university with a minimum of 50% aggregate marks.
- Have a minimum of two years of full-time work experience after graduation.
- Be proficient in English.
- Shortlisting: Candidates are shortlisted based on their CAT score, work experience, and academic performance.
- Personal Interview: Shortlisted candidates are invited for a personal interview conducted by a panel of faculty members and industry experts.
- Final Selection: The ultimate selection is determined by the candidate’s CAT score, work experience, academic performance, and performance in the personal interview.
The average CAT score required for admission to IIM Nagpur varies from year to year depending on the number of applicants and the overall performance of the applicants. However, in recent years, the average CAT score required for admission has been around 90 percentile.
IIM Nagpur has a strong placement record. In the 2023 placement season, 100% of the students were placed with an average salary of INR 18.1 LPA. The top recruiters included Deloitte, Accenture, Amazon, and Tata Consultancy Services.