Indian Institute of Management Indore MIM

Table of Content

NA

GMAT

2

Work Experience

Rs 10.1 Lakh

Avg. Cost of Study

24

Months Duration 

NA

Avg. Salary

Introduction to Indian Institute of Management Indore MIM

The Indian Institute of Management Indore (IIM Indore) is one of India’s premier business schools, renowned for its excellence in management education and leadership development. Accredited by prestigious organizations like EQUIS, AACSB, and AMBA, IIM Indore offers a two-year, full-time Post Graduate Programme (PGP) in Management, equivalent to an MBA degree.

IIM Indore’s mission is to produce socially-conscious managers with a global perspective. The program focuses on critical thinking, group effectiveness, quantitative analysis, and instilling ethical values in its students. The curriculum includes skill development courses, a unique rural engagement program, and an outbound Himalayan program to nurture holistic development.

IIM Indore maintains a strong participant exchange program with international business schools and utilizes a mix of teaching methods, including cases, projects, lectures, and guest speakers to enhance learning. With a strong emphasis on real-world application, IIM Indore equips its students with the skills and knowledge necessary for a successful managerial career.

Admission to IIM Indore’s PGP program is highly competitive and is based on a combination of academic qualifications, GMAT/GRE/CAT scores, and work experience. The institute’s commitment to fostering future business leaders makes it a sought-after destination for management education in India.

Why Study Indian Institute of Management Indore MIM?

89

FT Rankings

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US News

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QS Ranking

Studying at the Indian Institute of Management (IIM) Indore’s Post Graduate Programme in Management (PGP) offers an exceptional opportunity for aspiring managers. IIM Indore is globally recognized, boasting accreditations from prestigious bodies like EQUIS, AACSB, and AMBA, ensuring a world-class education.

The program’s mission to produce socially-conscious managers is a unique aspect, instilling ethical values and global exposure. IIM Indore’s learning goals, emphasizing critical thinking, group effectiveness, quantitative analysis, and social consciousness, align perfectly with this mission.

The program structure includes skill development courses, industry awareness workshops, and unique experiences like the Himalayan Outbound Program. Professors of practice from industry enrich the learning experience.

Additionally, IIM Indore’s strong participant exchange program allows students to broaden their horizons by studying at prestigious international business schools.

In summary, IIM Indore’s PGP is a gateway to a transformative, socially-conscious management education with global recognition and diverse opportunities, making it an excellent choice for future leaders.

Program Costs + Living Expenses : Indian Institute of Management Indore MIM

Rs 8,00,000

Avg. Cost of Tuition

+ 

2,10,000

Avg. Living Cost/Quarter

Here’s a breakdown of the main living expenses for IIM Indore MIM students, with estimated yearly averages:

On-campus:

  • Accommodation:
    • Hostel fees: ₹40,000 – ₹50,000 (depending on room type)
    • Mess fees: ₹30,000 – ₹35,000 (optional, includes breakfast, lunch, and dinner)
  • Other campus expenses:
    • Electricity and water charges: ₹5,000 – ₹8,000
    • Laundry: ₹2,000 – ₹4,000
    • Stationary and printing: ₹2,000 – ₹3,000

Off-campus (if applicable):

  • Rent: ₹5,000 – ₹15,000 per month (depending on location and accommodation type)
  • Utilities: ₹1,000 – ₹3,000 per month (electricity, water, internet)
  • Groceries: ₹3,000 – ₹5,000 per month

Other expenses:

  • Transportation: ₹2,000 – ₹4,000 per month (local travel)
  • Mobile phone: ₹500 – ₹1,000 per month
  • Dining out and recreation: ₹2,000 – ₹5,000 per month (varies greatly depending on individual habits)

Total estimated yearly expenses:

  • On-campus: ₹90,000 – ₹110,000
  • Off-campus: ₹144,000 – ₹240,000 (including rent)

Employement Prospects : Indian Institute of Management Indore MIM

Graduates of the Indian Institute of Management (IIM) Indore’s Post Graduate Programme in Management (PGP) enjoy highly promising employment prospects, both within India and on the global stage.

IIM Indore’s reputation for excellence, international accreditations, and a rigorous curriculum tailored to industry needs make its graduates sought-after candidates. The strong industry interface ensures that students are well-prepared for the corporate world, with valuable insights gained through skill development courses, workshops, and industry awareness programs.

With a diverse set of electives and a solid foundation in key management areas, IIM Indore graduates are equipped to excel in various sectors such as finance, marketing, human resources, operations, and more. The unique Rural Engagement Programme provides a contextually relevant understanding of the Indian market and its challenges, adding to their employability.

The institute’s strong participant exchange program and industry collaborations open doors to global opportunities. Graduates often secure positions in multinational corporations, consulting firms, and leadership roles in various industries. Additionally, the program’s emphasis on ethics and social consciousness further enhances graduates’ profiles in the eyes of prospective employers.

In conclusion, IIM Indore’s PGP offers graduates a competitive edge in the job market, making them well-prepared, ethically motivated, and contextually relevant professionals with excellent employment prospects.

Eligibility Criteria for Indian Institute of Management Indore MIM

The eligibility criteria for the Indian Institute of Management (IIM) Indore’s Post Graduate Programme in Management (PGP) are as follows:

  1. Educational Qualification:

    • A four-year Bachelor’s degree in any discipline with a minimum of 50% marks or its equivalent CGPA.
    • Alternatively, a three-year Bachelor’s degree with a minimum of 50% marks, combined with a Master’s degree.
    • Candidates with a five-year integrated program or other similar programs with a minimum of 50% marks are also eligible.
  2. Standardized Test Scores:

    • A valid GMAT, GRE, or CAT score is required.
    • The GMAT and GRE scores should be within 5 years from the date of the application deadline. The CAT score should be within 2 years from the application deadline.
  3. Work Experience:

    • A minimum of 5 years of managerial, entrepreneurial, or professional experience after completing your Bachelor’s degree.

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Scholarships Available : Indian Institute of Management Indore MIM

PGP students receive several Merit based or Merit-cum-Need based scholarships or Central/State government scholarship as per the details are as below:

Aditya Birla Group Scholarship: Offered by the Aditya Birla Group.  This is awarded to 1 / 2 academically outstanding students from the first year. Selection is done by the Aditya Birla Group through personal interview conducted for the applicants.  To continue this scholarship in the second year, the selected students have to be among the top 25 as per the CGPA for the first year.

OPJEMS Scholarship: Offered by the OP Jindal Group to 1 / 2 students.  Selection is done by OP Jindal Group through written test and personal interview conducted for the applicants. Top 20 students from the second year based on their CGPA for the first year are eligible to apply.

Citi Women’s Leader Award:  The Citi Woman Leader Award, now in its third year, aims to encourage and award woman candidates at campuses who demonstrate leadership potential.  The students are selected on the basis of their Statement of Purpose and subsequent interviews scheduled by Citi.

IDFC FIRST Bank MBA Scholarship – IDFC First Bank IDFC FIRST Bank MBA Scholarship is a need-based scholarship for two years of full-time MBA studies.

Ministry of Tribal Affairs – Central Sector Scholarship for ST Students: Offered by the Ministry of Tribal Affairs, Government of India, based on annual parental income for the previous financial year. Tuition fee, other non-refundable charges, lodging & boarding charges, books & stationery charges, cost of IT equipments are reimbursed under this scholarship scheme (www.scholarships.gov.in).

Ministry of Social Justice and Empowerment –- Central Sector Scholarship for SC Students: Offered by the Ministry of Social Justice & Empowerment, Government of India, based on annual parental income for the previous financial year

Ministry of Minority Affairs – Merit-cum-Means Scholarship for Minority students for Professional and Technical Courses offered by by the Ministry of Minority Affairs, Government of India, to the students belonging to minority communities

Department of Empowerment of Persons with Disabilities –  Scholarships for Top Class Education for students with disabilities – Offered by Department of Empowerment of Persons with Disabilities (Divyangjan) Ministry of Social Justice and Empowerment Government of India, based on annual parental income provide scholarship for Scholarship for Top Class Education for Post Graduate Degree or Diploma.

Madhya Pradesh Government Higher Education department every year providing scholarship to Pre Metric, Post Metric, Under Graduate, Post Graduate and Ph.D students.

  • Post Matric Scholarships for SC/ST Candidates.
  • Post Matric Scholarships for OBC Candidate
  • Mukhya Mantri Medhavi Vidyarthi Yojana

Prime Minister’s Scholarship Scheme (PMSS Scholarship www.ksb.gov.in.

Rajarshee Sahu Maharaj Scholarship: Offered by Government of Maharashtra to SC students belonging to Maharashtra.  Full fee is reimbursed under this scholarship scheme.

Industry-Sponsored Merit Scholarships

  • One scholarship of Rs.1,50,000/-, sponsored by State Bank of India.
  • One scholarship of Rs.50,000/-, sponsored by Eicher Motors.
  • CSI Signature Award Gold Medal to the Topper
  • KK Alagh Gold Medal for Overall Outstanding Performance Women – Alagh Gold Medal is awarded to the Overall Outstanding Performance – Woman

IIM Indore Scholastic Performance Gold Medal

  • IIM Indore Gold Medal for securing 1st Rank on the basis of scholastic performance in PGP batch.
  • IIM Indore Gold Medal for securing 2nd Rank on the basis of scholastic performance in PGP batch.
  • IIM Indore Gold Medal for securing 3rd Rank on the basis of scholastic performance in PGP batch.
  • IIM Indore Gold Medal to the Best Women Participant on the basis of scholastic performance in PGP batch.

FAQs About Indian Institute of Management Indore MIM

The IIM Indore MIM is a two-year full-time program divided into six trimesters. Each trimester focuses on different core and elective management subjects. The curriculum features a blend of classroom learning, case studies, projects, simulations, and rural immersion trips.

Strong academic credentials, a valid GMAT/GRE/CAT score, and relevant work experience are crucial for admission. The specific weightage for each component varies in different selection rounds. Check the IIM Indore website for updated details.

The current program fee is approximately INR 18 lakhs (subject to change). IIM Indore offers various scholarships and financial aid options to deserving students based on academic merit and financial need.

Graduates of IIM Indore MIM secure diverse career paths across various industries, including consulting, finance, marketing, operations, IT, and entrepreneurship. The strong alumni network and placement cell support career opportunities.

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