IIM

There is no single 100% scholarship programme for IIM. However, there are numerous government and non-government scholarships that can waive tuition up to 100%. These scholarships are of two types: merit-based for top scorers and need-based for students with less family income. Some of these scholarships are:
1. The Scholarship of the Ministry of Social Justice and Empowerment: This is for meritorious SC students and can cover their complete study expenses at IIM B.
2. Aditya Birla Scholarship: This is another merit-based scholarship awarded to the top 25% of IIM students from the same batch. The amount offered is INR 1.75 Lacs to each student.
3. The ST and SC Scholarship: The government of India offers this to SC and ST students at IIM A who have an annual family income of less than Rs. 4.5 Lacs. There are some other scholarships, including the Runwal Education Trust Scholarship, the Thomas Scholarship, and the Yes Bank Scholarship etc. These scholarships can help you cover your study expenses at IIM.

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.

To get into IIM, you need to clear the Common Admission Test CAT with a good percentile. Here are some preparation tips for the CAT entrance exam:
1. Make and follow a schedule; at least two hours of your day should be devoted to CAT preparation.
2. Fundamentals: For the first few months, focus solely on the basics, such as vocabulary, reasoning, and basic quantitative topics.
3. Practice: Mock tests should be taken at least two months before the exams. You need to do daily practice after studying the basics.
4. Examine your weak points: It is critical to understand where you stand in terms of preparation.
5. Plan a strategy for a real exam: Make a plan for how you will approach the real exam paper during the mock. For example, start with the section that you are good at and skip the questions that you aren't sure about in order to avoid negative markings.
6. Read extensively: Begin by reading popular newspapers, books, or anything else. This will be helpful in reading comprehension during papers and also in group discussions (GDs) and personal interviews (PIs) for Iims.
7. Finally, solve the previous year's questions and be confident on exam day.

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.

The interview process is part of the admission procedure at IIMs. Following the release of your CAT results, you must apply online at the official website of the IIM to which you wish to be admitted.
(a) Shortlisting: Based on your application, CAT scores, and academic performance, your profile will be shortlisted for the personal interview round.
(b) Your interview duration can range from 10 minutes to 30 minutes, depending on the panel's discussion.
(c) In the IIM interview round, the questions are asked based on a variety of topics, and typically anything related to management could be asked. In general, the questions revolve around your academic profile, family, and current affairs.
Some of the most common questions asked in IIM interviews are as follows:
1. The most common question that is asked in IIM interview is, "Please tell us about yourself. "
2. Why do you want to do an MBA after XYZ's graduation?
3. Why do you think you deserve to be admitted to IIM?
4. Tell us about the difference between a leader and a manager. What do you want to be?
5. You have done some work for the XYZ company. What was your experience?
6. What will you do in XYZ's corporate-life situation?
7. How would you handle team conflicts as a manager?
8. Your views on current topics, for example, the recession, could be asked.
9. Technical questions will be asked based on your degree or those related to economics.
10. They can even ask about your email name if there is anything unique about it. Therefore, you need to prepare well for your profile and current events.
The weightage of the interview varies at every IIM, and the minimum weightage of the interview score is 15 percent at IIM Udaipur and the maximum is 44 percent at IIM Kozhikode.
After the interview process is over, a merit list of selected candidates is published by the respective IIMs. The following factors influence this final merit list: CAT score, VARC score, DILR score, and interview.