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Ameer Khatri MBA Consultant

Indian Institute of Management Indore MIM Review

31/10/2023

NA

Course Credits

2

Semesters

Rs 56K

Avg. Cost of Study

12

Months Duration 

NA

Avg. Salary

Summary

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 Top MBA

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 56,040

Avg. Cost of Tuition/Quarter

+ 

NA

Avg. Living Cost/Quarter

The program costs and living expenses at the Indian Institute of Management (IIM) Indore’s Post Graduate Programme in Management (PGP) offer great value for the world-class education and experience it provides.

For the program fee, Indian residents pay Rs. 20,10,800 for the two-year course, while NRI candidates pay Rs. 30,11,800. This fee covers access to lectures, computer facilities, the library, alumni fees, and lodging, though it does not include additional costs like textbooks, hostel fees, or insurance.

Living expenses in Indore, known for its affordability, can vary based on your lifestyle. On average, a moderate monthly budget for a student might range from Rs. 8,000 to Rs. 12,000, covering accommodation, food, transportation, and other miscellaneous expenses.

In summary, IIM Indore offers a cost-effective option for a high-quality management education, making it an attractive choice for those seeking an excellent return on investment in their academic and professional development.

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

You are eligible to apply if you have earned a Bachelor of Science in a similar science discipline, but you may be at a disadvantage compared to engineering majors who have applied. Please thoroughly review the requirements of the program in the MSME Graduate Handbook to help you decide if you are prepared for our program.

 Yes. Students with a BS degree are eligible to apply to the PhD program.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Students who are already enrolled in a program leading to a Master’s degree or an equivalent international advanced degree in Mechanical Engineering or a closely related discipline are not eligible for admission to Stanford’s MS program in Mechanical Engineering.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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