Business Management Studies

Getting into IIM is a dream of many who want to do an MBA. The Iims are the best for MBA for the following reasons.
1. Because of its market value, the placement rate is very high, approaching 100% in top Iims.
2. At many top Iims, the average salary package ranges between Rs. 20–25 Lacs per year.
3. Some graduates can even get an annual salary package of Rs. 1 crore after doing an MBA from Iims.
4. Each IIM has a startup support cell to guide those who want to start their own business. Therefore, IIM can help you become successful entrepreneurs.
5. You can build a strong alumni network, which may help you in later career life. For example, you may get a job abroad with the help of your network.
6. The facilities such as infrastructure, faculty, and hostels are some of the best in the country.
7. Doing an MBA from an IIM increases your credibility in the market, which can easily help you in your business as well as your job.
8. You can get scholarships to cover your study expenses for an MBA at Iims. You can get exposure to multiple domains and professionals, which can help you in life.

The total fees for MBA courses vary by IIM and range between Rs. 13.75 Lacs and Rs. 23 Lacs. Tuition, course materials, and other miscellaneous expenses are all included in the MBA Fee. The top three Iims Ahmedabad, Bangalore, and Calcutta charge the MBA fee of around Rs. 23 Lacs. This is because the old Iims do not depend on government funding for maintenance and related expenditure. On the other hand, the new Iims, such as IIM Sirmaur, depend on the financial support of the government. As a result, the new IIM charges a lower MBA fee. The fee for some Iims is as follows:
1. The MBA fee at IIM Lucknow is Rs. 19.00 Lacs.
2. IIM Ranchi's MBA fee is Rs. 15 Lacs.
3. IIM Sambalpur's MBA fee is around Rs. 13 Lacs. You can check the detailed fees at this link: https://www.shiksha.com/mba/articles/iim-mba-fees-structure-blogId-19877.

After clearing the CAT exam, you will have to appear in the Group Discussion and Personal Interview PI rounds at IIM. Both of these rounds, particularly the Personal Interview round, are perceived as difficult. This is due to the following reasons:
1. The questions that could be asked are unpredictable. They can even ask the meaning of your name or surname.
2. There is pressure to get into the top Iims of your choice.
3. The panel is very intelligent and can grill you over anything.
4. Your communication skills will be tested via your response, which can make you a bit self-conscious. However, if you have prepared your profile thoroughly and are well versed with current events then your IIM interview will not be very difficult.

At the top Iims, such as IIM Bangalore and IIM Ahmedabad, the placement rate is nearly 100 percent. Even those who do not take placement through an institute either go for a start-up or higher studies. Among those who sought placement offers, almost everyone got placed. An average salary package of around 27 LPA was offered to the previous batches. Although this is not true for all Iims, approximately 90% of IIM graduates receive a job offer after completing their MBA at most Iims. Also, not everyone goes for placement; some others go for higher studies to become management professors. Some others plan to do their own start-ups. There are many such examples of IIM graduates starting their own successful companies, and IIM helps you with this. For example, IIM Udaipur's startup cell is very active in supporting the startup ideas of MBA graduates. Ultimately, the aim of Iims is to make a successful leader.