Introduction
IIM Visakhapatnam was established in the year 2015 by the Government of India. It comes under the classification of new generation IIMs and is on the growth stage to become one of the most promising institutes in the country in the field of management. In this article, we shall see in-depth about the courses offered and the placements in this institute.
List of Contents
- Location
- Ranking
- Courses Offered
- Admission Procedure
- Fee Structure
- Campus
- Placement Statistics
- Useful Links
Location
Visakhapatnam is located in the state of Andhra Pradesh and since it is a port city, it has quite good connectivity by air, railways, and road network from all parts of the country.
The campus is situated at a distance of 14 kms from the nearest airport (Visakhapatnam International Airport) and the travel time is approximately 35 minutes to reach the campus.
The closest railway station to the campus is the Visakhapatnam Junction Railway station which is at a distance of 6 kms from campus and takes about 15 minutes to reach the campus.
Google map link to reach the campus: https://g.page/IIMVisakhapatnam?share
Courses Offered:
The following are the various degree-granting courses offered in IIM Visakhapatnam for a wide variety of aspirants ranging from freshers to executives. These programs are tabulated as under:
| S.No. | Program | Duration | Eligibility |
| 1 | Post Graduate Program (PGP) | Two Years full time | Bachelor’s Degree |
| 2 | Post Graduate Program for Experienced Professional (PGPEx) | Two Years weekend program | Candidate should hold a Bachelor’s Degree or an equivalent qualification in any discipline with a minimum of 55% marks or equivalent percentage. (AND) A minimum 3 years of Post Qualification managerial / entrepreneurial / professional experience |
| 3 | Ph.D. Programme | Five years fulltime | A Master’s Degree (bachelor’s degree obtained in 10+2+3 pattern, followed by a master’s degree) or a Post Graduate Diploma (2 years) in any discipline, with at least 55 percent marks in the bachelor’s as well in the master’s degrees. (OR) A professional qualification like CA, ICWA, CS with at least 50 percent marks and B. Com/Degree with 55 percent marks (OR) 4 year / 8 semesters bachelor’s degree (10+2+4 pattern) with at least 6.5 CGPA or equivalent |
| 4 | Post Graduate Program in Digital Governance and Management (PGPDGM) | Two years blended mode | The applicant must hold a bachelor’s degree (minimum 55% marks or equivalent) that has been recognized by an authorized body in India (AND) Must not be more than 50 years of age (AND) Needs to have a minimum of three years of full-time work experience at an officer or executive level or higher (Central/State government employees should have five years’ work experience in Group A or Group B in order to be considered for Sponsorship from NeGD, MeitY); as a professional or as an entrepreneur in any industry |
Ranking
IIM Visakhapatnam has obtained the 28th rank among all the B-schools in the Outlook ICARE Rankings 2021.
Also Read:
| IIM Banglore IIM Calcutta IIM Lucknow IIM IPM Programme Indore IIM Bodhgaya IIM Kashipur IIM Nagpur IIM Raipur IIM Shillong IIM Ranchi |
Admission Procedure
The admission process for the PGP program is similar to all other IIMs, and the students need to take a CAT exam and also should have either completed their Bachelor’s degree or be in their final year of their Bachelor’s degree while writing the CAT Exam.
Refer here for MBA admission procedures.
After taking the CAT exam, aspirants will have to appear for an interview based on shortlisting from various criteria like the performance in the 10th, and 12th exams, UG score, and gender diversity factor as well. The weightage for each of these factors varies every year depending upon the candidate pool available to the college.
For admission to the PGPEx program refer here.
For admission to the Ph.D. program refer here.
For admission to the PGPDGM program refer here.
Selection Criteria for PGP admissions – Indian Institute of Management, Visakhapatnam
There are two stages of selection:
- Shortlisting candidates based on their CAT Scores, 10th, and 12th board marks for PI.
- Final Selection on the basis of PI.
The first basis of shortlisting candidates is through their CAT Score, 10th and 12th board marks. Along with the overall CAT Score, section-wise scores are also considered while shortlisting candidates.
Note: Candidates who have given interviews at either one of the IIMs at Bangalore, Kozhikode, Lucknow, or Indore (only for their PGP/PGPM programs), need not give interviews separately for IIM-V. the average of the PI scores from the above IIMs will be considered for IIM-V.
Minimum CAT Score Requirement (CAT 2021) to be considered eligible for the PI stage (In percentile):
| Category | Section 1 – VARC | Section 2 – DILR | Section 3 – QA | Aggregate |
| Open/General | 70 | 70 | 70 | 80 |
| Non-Creamy OBC | 63 | 63 | 63 | 70 |
| EWS | 63 | 63 | 63 | 70 |
| SC | 40 | 40 | 40 | 45 |
| ST | 30 | 30 | 30 | 35 |
| PwD | 30 | 30 | 30 | 35 |
Final Selection Criteria
For the final selection, the shortlisted candidates are required to take an interview through CAP, and during the interview, the candidate’s academic performance, knowledge of concepts in the bachelor’s degree, and prior work experience (if applicable) will be judged.
The final selection will be made on the following basis:
- PI Score
- CAT Score
- 10th marks
- 12th marks
- UG Score
- Diversity
- Work experience
These components have the following weightage in the final selection procedure:
| Component | Weightage |
| PI Score | 48% |
| CAT Score | 25% |
| 10th marks | 4% |
| 12th marks | 4% |
| UG Marks | 4% |
| Diversity | 5% |
| Work experience | 10% |
| Total | 100 |
Fee Structure
The total IIM Visakhapatnam fees for the flagship MBA program is INR 16,79,920 for the 2022-24 batch. The detailed fee structure is tabulated as follows:
| S.No. | Type of Fee | Term 1 | Term 2 | Term 3 | Term 4 | Term 5 | Term 6 |
| 1 | Program Fee | 2,50,820 | 2,50,820 | 2,50,820 | 2,50,820 | 2,50,820 | 2,50,820 |
| 2 | Advance for mess and other charges | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 |
| 3 | Student Welfare fund (one-time) | 2,000 | – | – | – | – | – |
| 4 | Alumni Fees | 2,000 | – | – | – | – | – |
| 5 | Convocation Fees | 1,000 | – | – | – | – | – |
| 6 | Caution Deposit (One time refundable) | 20,000 | – | – | – | – | – |
| Year-wise total | 8,52,460 | 8,27,460 | |||||
| Total | 16,79,920 |
Campus
IIM Visakhapatnam is yet to have a permanent campus of its own. The proposed permanent campus is being developed across an area of 242 acres at Gambheeram Village of Anandapuram Mandal.
Placement Statistics
IIM Visakhapatnam has achieved 100% placements for the 2020-22 batch. The following are statistics for the 2022-22 batch on various fronts:
| Highest domestic CTC | INR 31,60,000 |
| Average CTC | INR 15,06,000 |
| Median CTC | INR 15,46,000 |
| Average Salary of Top 10% | INR 20,67,000 |
| Average Salary of Top quartile | INR 19,39,000 |
| Average Salary of Top half | INR 17,82,000 |
Domain wise offer break up:
| Domain | % of students placed |
| Consulting | 32% |
| Strategy | 13% |
| Finance | 11% |
| Sales & Marketing | 11% |
| General Management | 11% |
| Analytics | 5% |
| Product Management | 5% |
| HR | 5% |
| Operations | 3% |
| Others | 4% |
Sector wise offer break up:
| Sector | % of students placed |
| IT / ITES | 34% |
| BFSI | 33% |
| Consulting | 15% |
| Manufacturing | 8% |
| E-Commerce | 7% |
| Others | 3% |
Some of the key recruiters for this year’s batch are:
| Amazon | Amul |
| Anand Rathi | BYJU’s |
| Bain & Company | Cognizant |
| Deloitte | Haber |
| HDFC Bank | Hashedin |
| HCL | HSBC |
| ICICI Bank | ICICI Prudential |
| IDFC First Bank | L&T |
| Latent View | Microsoft |
| Optum | TAFE |
| Tech Mahindra | Tres Vista |
| Yes Bank | ZS Associates |
Frequently Asked Questions:
Q1 : Is it worth to take admission/ joining IIM Visakhapatnam ?
A1 : It is considered best among new IIMs. There is 100% placements for 2020-22 batch. Highest package offered was INR 31,60,000/- & average package was INR 15,06,000/-. The top recruiting companies were- Deloitte, Bain & Company, Cognizant, Microsoft, HDFC Bank.
In IIM Visakhapatnam IIM Banglore provides faculty who are some of the best in their respective fields which distinct out it from the other new IIMs.
Q2 : Whether IIM Vizag has its own permanent campus ?
A2 : For permanent campus, Government of Andhra Pradesh has allotted 241.50-acre (including 80 feet road) land located at Gambheeram Village of Anandapuram Mandal. Construction of the boundary wall for the site has been completed.
Useful links
| Official website | https://www.iimv.ac.in/ |
| Courses | https://www.iimv.ac.in/pgp |
| Placements | https://www.iimv.ac.in/placement-reports |
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