SIBM Nagpur, established in 2019, admits students through the SNAP test, with a fee of Rs. 1,750 for the test and Rs. 1,000 for the MBA specialization application. Eligible candidates must have a graduation degree with at least 50% marks (45% for SC/ST). The admission process includes the SNAP test followed by the GE-PIWAT, which consists of Group Discussion, Personal Interview, and Written Ability Test. The MBA program's annual fee is Rs.
6.85 lakh, totaling Rs. 13.20 lakh over two years. Despite high fees, they are justified by the quality of infrastructure, faculty, and alignment with leading B-schools in India. The placement rate is approximately 95%, with the highest package at INR 26 lakh per annum and a median of INR 9 lakh per annum. Placements and internships span various industries, including marketing, sales, operations, and finance. However, some students feel the average package and ROI could be improved.
Scholarships such as Merit Scholarships, Jayatee Deshmukh Scholarship for female students, and Nagpur Domicile Scholarship help mitigate costs. Government scholarships and loans are also available, and financial aid options are supported by partnerships with banks like HDFC. The total cost of education ranges from 19 to 23 lakh INR, with potential annual increments for hostel and mess fees. International students may face limited scholarship eligibility, with more details accessible on the institute's website.
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