IIM Visakhapatnam: Admission, Courses, Fees, Ranking, Placement

Established in 2015, the Indian Institute of Management Visakhapatnam (IIMV) stands as a prestigious institution renowned for its commitment to excellence in the realm of management education. Notably, in the National Institutional Ranking Framework (NIRF) of 2023, IIMV made an impressive mark, securing the 29th position. This accomplishment is further accentuated by the institute's designation as an 'Institute of National Importance,' a distinction granted under the IIM Act of 2017.

IIMV presents a diverse array of courses at both the postgraduate and doctoral levels. At the forefront is its esteemed Post Graduate Programme (PGP), complemented by the Post Graduate Programme for Experienced Professionals (PGPEx) and a comprehensive Ph.D. program. The admission criteria for these programs encompass a blend of scholastic attainments, scores from standardized entrance examinations (such as CAT, GMAT, GRE, GATE, JRF (NET), CSIR (NET)), and pertinent professional experience. 

The rigorous selection process at IIM Visakhapatnam entails multiple stages, encompassing the shortlisting of candidates based on entrance exam scores, rigorous personal interviews, and a holistic evaluation of other facets including academic trajectory, work history, and gender diversity. The PGP, a two-year course, stands as the flagship program. For this pursuit, the tuition fee hovers around INR 18.25 lakh, while the PGPEx program demands an approximate fee of INR 10.8 lakh.

Turning to the sphere of placements, IIMV boasts an unblemished record of attaining 100% placements. In the year 2023, the average compensation package demonstrated a commendable growth of 10.29%, reaching INR 16.61 LPA, with the most substantial package attaining a noteworthy sum of INR 32.65 LPA. It's noteworthy that a considerable 17% of students garnered the advantage of dual offers, showcasing the calibre and appeal of IIMV graduates in the corporate arena.

IIM Visakhapatnam Highlights

IIM Visakhapatnam Ranking 2023

IIM Visakhapatnam: Courses & Fees

IIM Visakhapatnam offers various management courses to aspiring students who are eligible for admission. Interested students can check the fees and duration of the courses offered by IIMV in the table below:

IIM Visakhapatnam Admission 2023

IIM Visakhapatnam admission to its flagship 2-year PGP course is done on the basis of CAT score. The eligibility criteria may vary for each of the course offered by IIMV. Students who wish to take admission at IIM Visakhapatnam must fufil the course-wise eligibility criteria and successfully complete the selection process.

IIM Visakhapatnam PGP Admission 2023

The evaluation process for candidates seeking admission to the PGP program at IIM Visakhapatnam involves a comprehensive analysis of diverse criteria. These encompass academic achievements in the 10th and 12th standard examinations, as well as performance in the bachelor's degree examination. Alongside these scholastic benchmarks, scores obtained in the Common Admission Test (CAT) hold a significant place in the assessment. Moreover, the process includes a thorough evaluation of candidates during personal interviews. To ascertain the compatibility of applicants with the program, any pertinent professional experience is also duly considered and integrated into the selection process.

IIM Visakhapatnam PGP Admission: Selection Criteria for Personal Interview

Students must score the following minimum marks in CAT 2023 to get a call for the Personal Interview round from IIM Visakhapatnam:

IIM Visakhapatnam PGP Admission 2023: Weightage

IIM Visakhapatnam PGPEx Admission 2023

Candidates who wish take admission to PGPEx course from IIM Visakhapatnam must fulfil the following criteria:

Eligibility Criterion for Bachelor's Degree: Applicants must possess a bachelor's degree with a minimum of 55% marks or its equivalent. This degree should be officially recognized by a reputable institution in India. The bachelor's degree must involve a duration of at least three years of education following the completion of higher secondary schooling (10+2) or its corresponding qualification.

Work Experience Requirement: Candidates are expected to have a substantial work experience of no less than three years in a full-time capacity. This experience should have been acquired at the level of an officer, executive, or higher role. This encompasses roles held as a professional or an entrepreneur. Notably, part-time engagements, clerical positions that do not carry officer or executive responsibilities, and apprenticeships will not be deemed as qualifying work experience.

Standardized Test Scores: To be considered for admission, applicants must furnish a valid score from standardized tests such as CAT, GMAT, or GRE.

Alternative Application Path: As an alternative, candidates can also choose to seek admission to the PGPEx program by opting to undertake the IIMV Test, a distinct assessment designed for this purpose.

IIM Visakhapatnam PGPEx Selection Process

Shortlisting Process: The initial shortlisting of applicants will be conducted considering their performance in CAT, GMAT, GRE, or the IIMV Test, as selected by the applicant. Moreover, the assessment will take into account the candidate's academic accomplishments and the duration of their professional experience.

Personal Interview Stage: Candidates who make it through the shortlisting stage will be invited for a personal interview. During this phase, an expert panel will thoroughly evaluate each candidate's performance. Evaluation criteria will encompass a range of factors including the Statement of Purpose (SOP), diversity perspective, general awareness, leadership qualities, and achievements demonstrated in the workplace.

Employment Verification: For candidates currently employed, a crucial step involves providing a "No Objection Certificate" from their respective employers.

Comprehensive Selection: The final selection process involves a comprehensive assessment that integrates multiple aspects. This includes performance in the Admission Test, the nature and depth of work experience, the content and quality of the Statement of Purpose, as well as the outcomes of the personal interview. These factors contribute to a composite score, which ultimately determines the candidate's admission into the program.

IIM Visakhapatnam PGPDGM Admission 2023

The eligibility criteria to apply for IIMV PGPDGM Admission are as follows:

Educational Eligibility: To be eligible for consideration, the applicant must possess a bachelor's degree with a minimum of 55% marks or an equivalent grade. This degree should hold recognition from an accredited institution within India. Additionally, the candidate's bachelor's degree should signify a duration of no less than three years of academic pursuit after the successful completion of higher secondary schooling (10+2) or its corresponding educational attainment.

Age Criterion: The applicant's age should not surpass 50 years. However, this age limit varies for individuals in government service. If the applicant is a Central/State government employee, they should not exceed 45 years of age to be eligible for sponsorship consideration from NeGD, MeitY.

Professional Work Experience: Candidates are expected to possess a minimum of three years of full-time work experience at an officer or executive level, or a higher position. For Central/State government employees aiming for NeGD, MeitY sponsorship, a tenure of five years within Group A or Group B is required. This work experience should be gained as a professional or an entrepreneur in any industry, and part-time roles, clerical positions without officer/executive responsibilities, and apprenticeships will not qualify as eligible work experience.

Central/State Government Employee Residual Service: If the applicant is a Central/State Government employee, they must hold a residual service of at least 15 years to be considered for sponsorship from NeGD, MeitY. This is a prerequisite for government employees seeking this particular sponsorship opportunity.

IIM Visakhapatnam PGPDGM Selection Process

• The shortlisting of applicants will hinge upon their performance in CAT, GMAT, GRE, or the IIMV Test, depending on the candidate's preference. 
• This assessment will also encompass an evaluation of the Statement of Purpose (SOP), Technical Knowledge, Domain Experience, and Professional References. 
• Once shortlisted, candidates will be invited for a personal interview. 
• During this interview, the panel will thoroughly assess each candidate, taking into account factors like General Awareness, Communication Skills, the caliber of Work Experience, and the underlying Motivation that drives their aspirations.

IIM Visakhapatnam Placement 2023

High-Potential Packages: In 2023, the most notable package reached INR 32.65 LPA, complemented by a commendable 10.29% rise in the average package to INR 16.61 LPA.

Diverse Sector Allocation: Placements spanned various sectors, encompassing IT/ITES, Consulting, BFSI, E-commerce, Manufacturing, and others.

Varied Role Distribution: Roles extended across diverse functions, including Sales & Marketing, Finance, Operations, HR, and Strategy.

Year-on-Year Growth: A substantial surge in both highest and average packages was witnessed in 2023 as compared to the preceding year, 2022.

Perfect Placement Record: IIM Visakhapatnam's track record boasts consistent 100% placement achievement.

Double Opportunities: A noteworthy 17% of students secured dual offers, underscoring the appeal of their skills to multiple employers.

Prominent Employers: Esteemed recruiters like Amazon, Deloitte, KPMG, and ICICI Bank featured among the top contributors to placements.