IIM Vizag offers scholarship to the candidates who are financial instable, with an objective of helping candidates to pursue their education. All PGP students with annual household income below INR 6,00,000 are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered.A two-step process is included in deciding the number of awardees and the quantum of aid. In the first stage, students are given a Financial-status Score based on four criteria:
- Annual Gross Household Income (including income of the student if employed before joining IIMV and outstanding loans if any, provided they were not taken for conspicuous consumption)
- Household Savings
- Real Estate Assets
- Other Assets
Based on this score, some of the students are called for personal interaction with a faculty panel. During the interaction, the faculty panel evaluates the financial need of the student, as well as establishes the genuineness of the details provided by the student in the application, and assigns a financial score. Based on the weighted average of these two scores, applicants are provided 100%, 80%, 60%, 40%, or 20% financial aid.
Following documents are to be made ready by the time of Program Registration:
- Income Certificate
- IT Returns for the last two years
- Household Savings documents
- Property documents
- Other asset documents (affluence): This will include assets such as Two-wheeler, Four-Wheeler, Washing Machine, Refrigerator, Home theatre, AC, TV, Digital/Video camera etc.
- Loan Documents (if any)
- EMI payment receipts (if any)
IIM Visakhapatnam Scholarships FAQs
The below-mentioned are IIM Visakhapatnam scholarships FAQs:
IIM Visakhapatnam does not charge any separate application fees for its PGP/ MBA programme. Candidates are just required to pay CAT exam application fees which is INR 2,400 for General, EWS and NC-OBC candidates. For the SC/ ST/ PwD category candidates, the application fees is INR 1,200. Also the institution has its own separate application for non-CAT courses like PGPEX, where the application fee is INR 1,000 (INR 500 for NC-OBC/ EWS and SC, ST, PwD category candidates and women candidates are exempt from the application fee).
IIM Visakhapatnam offers scholarships to candidates who belong to the economically weaker section of the society with an objective to help candidates to pursue their higher education. Students at IIM Visakhapatnam are also encouraged to apply for scholarships which are offered by various ministries under the government of India, state governments and other agencies.
All PGP students with annual household income below INR 5 Lacs are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered. IIM Vishakhapatnam scholarships are also merit-based.
In addition to the financial aid, students at IIM Vishakhapatnam can also apply for scholarships which are mentioned below:
- Ministry of Tribal Affairs scholarship (ST)
- Ministry of Social Justice and Empowerment scholarship
- Ministry of Social Justice and Empowerment Department of Persons with Disabilities
- Merit Cum Means Scholarship for Professional and Technical courses CS
Students at IIM Visakhapatnam have also availed following scholarships:
- IDFC First Bank Scholarship
- Madha Pradesh Scholarship for its domiciled NC-OBC students (Offline process)
- BC, MBC and DNC Scholarship Scheme of Government of Tamil Nadu.
- Telangana State Post Matric Scholarships in other states (Offline process)
- Mukhya Mantri Protsahan Yojana-Himachal Pradesh
Indian Institute of Management (IIM) Visakhapatnam offers PGP (equivalent to an MBA) at the postgraduate level. PGP is the flagship course offered by the institute. The total fee charged by the institute for the PGP programme is INR 17.82 lakh which includes programme fee and student welfare fee. Students are also required to pay a one-time refundable caution deposit of INR 30,000 at the beginning of term one. An advance amount of INR 29,970 (for Mess and AC charges) will have to be paid in addition to the fee mentioned above along with each term fee.
Reviews (Showing 6 of 6 reviews)
Placements: IIM Visakhapatnam provides multiple opportunities and roles across different sectors. Start-ups and big MNCs come for placement opportunities. As per the function, companies do come for all different roles, such as marketing, finance, analytics, etc. The highest package last year was 42 LPA and the average package was 14–16 LPA. Almost 85% of students get placement opportunities here.
Placements: The placement record of the college is becoming more promising with each passing day. Currently, a limited number of companies are visiting. The highest package offered, as per the latest record, is 42 lakhs, and the average is 16.5 lakhs, with 50% of the batch falling above the average range. The top 25% receive approximately a 23 lakh package. The roles offered include analyst, wealth management trainee, senior analyst, finance analyst, IT consultant, etc. Top recruiters include ICICI Bank, De...
Placements: In my college, every student got a job with a good salary package. Packages like 40 LPA are high; this is the top role offered in our course, and 7 LPA is low, while 15 LPA is the average in our courses. Top recruiting companies like Symbiosis Technology, Wipro Limited, etc., offered jobs to 100% of students.
Placements: The course I opted for at IIM Visakhapatnam was PGP. The placement percentage was very good. Almost 100% of students got placed. Companies like Amazon and Flipkart visited the college for placements, offering roles such as financial manager. The highest package offered was 90 LPA, with an average package around 25 LPA. Almost every student gets an internship in their final year with good companies with proper stipends.
Placements: Students become eligible for placements right from the 4th Term. Around 180-190 companies visited the campus for placements last year The highest package offered was around 32 Lacs per annum and the average package was around 16 Lacs per annum. All students get placed. IIM Visakhapatnam has a 100 percent placement rate My plan is to join the marketing department of a reputed company as a Brand Manager.
Placements: There will be a structured mechanism that should be strictly followed by the placement in-charge to ensure that all students get placed in some top companies with the best packages. The rate of success in placement for the course of PGP would be 72 to 89% definitely. Rest of them succeeded or not it's mostly based on the drive toughness.
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Student Forum
Anything you would want to ask experts?Answered 2 years ago
IIM Visakhapatnam scholarships can be availed by MBA students. The students who belong to the economically-weaker section can avail these scholarships. PGP students with annual household income below INR 5 Lacs are eligible to apply for financial aid. IIM Vishakhapatnam MBA scholarships are merit-ba
Y
Contributor-Level 10
Answered 2 years ago
The MBA programme students can avail following IIM Vishakhapatnam scholarships:
- Ministry of Tribal Affairs scholarship (ST)
- Ministry of Social Justice and Empowerment scholarship
- Ministry of Social Justice and Empowerment Department of PwD
- Merit Cum Means scholarship for Professional and Technical cours
Y
Contributor-Level 10
Answered 2 years ago
Students pursiuing MBA/ PGP at IIM Visakhapatnam can avail financial aid and various other scholarships. The quantum of financial aid depends upon various factors and financial background and need of candidates. The students at IIM Vishakhapatnam can avail even 100% financial aid as a tuition fee wa
Y
Contributor-Level 10
Answered 2 years ago
Students at IIM Visakhapatnam can avail various scholarships and financial assistance. To avail IIM Visakhapatnam financial aid, candidates must meet the minimum eligibility requirement. Students who want to apply for financial assistance must follow a certain procedure:
STEP 1: The Financial Aid Com
Y
Contributor-Level 10
Answered 2 years ago
Yes IIM Vishakhapatnam does offer need-based scholarships to EMBA students who have an annual household income below 6 lakh rupees. The institute offers TFW upto 100%. Top performing students also get merit-based scholarships. Some other schemes are:
- Ministry of Tribal Affairs Scholarship
- Ministry of
R
Contributor-Level 10
Yes, IIM Visakhapatanam does provide scholarship aid to its students who wants to avail it. The scholarship are merit based. As per the scholarship, waiver of tuition fee or scholarship (as reimbursement of tuition fee paid) up to a maximum of INR 6.0 Lacs per student for Year-2 of PGP programme will be granted to the topmost two students in academic performance (i.e., the highest and second the highest CGPA) in each of the four sections being envisaged, for the 2022-24 batch.