From January 2018, the Indian Institutes of Management Act 2017 became effective. Students get a Bachelor of Arts (Foundations of Management) and a Master of Business Administration (under the Dual Degree Program) from IIM Indore at the end of the five-year Integrated Program if all program requirements are met.

You can also drop out of IPM after three years. IIM Indore will award them a BA degree. Note that although the degree offered is a BA, the course format includes a significant amount of math.

Well, this is something that cannot be correctly predicted. No one can tell you the exact number till which the waiting list can get clear. If I can vaguely remember, last year the waiting list moved till 45, I am not sure though.

However, since the program is gaining more and more popularity with time, I am quite sure that this number will descend. If you are on the waiting list, I would suggest you keep your fingers crossed and hope for the best to happen.

It is preferable if you enroll in any educational coaching institution because you are taking a drop year, especially for IPM preparation. This is because for IPM, students have to give a PI and an Aptitude Test.

• The classes would be well-versed in giving CAT and IPMAT foundation courses which can be considered an additional benefit. 
• Also, you will not be familiar with the format of IPMAT unless you attempt a mock test before the final exam. 
• IPMAT is online, there won't be any previous year question bank, therefore the mock tests will offer you an advantage and also assist you for the PI round involved in the selection process.
• For the Quantitative aptitude section, I would suggest that you refer to NCERT questions (Classes 11th and 12th) and several competitive examinations questions.. 
• For the verbal aptitude test, You should focus on improving your basic grammar, reading books, and improving your vocabulary. 

Lastly, as I have seen my friends prepare and do well in exams, I will encourage you to do the same. Be confident while giving your answers and attend the PI with complete honesty.

I have about 5 friends studying in IIM Indore and they have had good experiences. Here is a brief about IIM according to my friends.

Placements:

• The graduating class of Integrated Programme In Management 2020 witnessed a great placement season. 
• The highest annual salary offered was 56.8 LPA. The average package of the batch remained 23 LPA.
• More than 160 companies visited the campus and the major recruiters included Bank of America, Goldman Sachs, Deutsche Bank, Dabur, etc.

Infrastructure:

• The whole campus is wi-fi enabled. All the classrooms are centrally air-conditioned and have state-of-the-art facilities to implement the latest methods of teaching. 
• If you are a sports enthusiast, you won’t be disappointed at all. You get a full-fledged Cricket Stadium, an Olympic-sized swimming pool, a steam bath, a sauna, volleyball courts, tennis courts, football courts, etc.
• Coming to other necessary facilities like medical, there is a doctor available on campus at all times.

Faculty: 

• You also get a great faculty at IIM which is highly qualified and experienced. Most of the professors are the pioneers of their respective fields while being equally understanding and helpful.
• No matter how busy they are in research work, they often devote time to students to clear their doubts. The teachers try to incorporate practical teaching to the best of their resources and ability. 
• You will also have enough exposure to the industry through various field trips conducted.

Overall, if you have secured a seat at IIM Indore, brace yourself for a lifetime experience of learning and fun.

The total fees for IPM are nearly 20 lacs, but the returns will also be equivalent to the invested amount. You will be getting an IIM Degree and a chance to study with some of the best brains in the country.

There are many banks that will finance your education. Banks usually provide full education loans for students. Canara bank provides a full educational loan without any collateral. There are some scholarships as well such as the NBFA scholarship that are given to students of IPM.

But it is important to remember that the course will make them a better future if the candidate is ready to work hard and conquer all the challenges.

IPM does not offer a BBA degree but you will receive a BA degree for your undergrad coursework (Foundations in Management). The subjects taught at the undergraduate level are vastly different from those taught in any other BBA program. Any decision based on an assumption about the IPM curriculum can land you in big trouble.

Returning to the question, I'm not familiar with the specifics of the four-year Tri-City programme, but I'm sure it entails a lot of learning from an institute like SPJ. 

• Having said that, IPM and the aforementioned course can be compared on the same scale.
• Two degrees from IIM Indore (one of which is the regular MBA that other PGP participants are entitled to) is an incredible value that cannot be matched by any other BBA programme in the country. 
• Other benefits include the environment and opportunities that come with being a student at an IIM.

Comparisons can be made when other IIMs launch courses similar to IPM, which does not appear to be happening anytime soon. Until then, IPM would be a clear winner in terms of undergrad management education.