According to recent reports, IIM Visakhapatnam is on an excellent pace of development in all means. Students of IIM Visakhapatnam are seen to excel in various corporate competitions like V-guard, KPMG, etc. There are notifications of students succeeding in competitions every now and then, and the credit goes to the faculty, their guidance and support.
The table below gives a brief overview of the institute.
Total Fees (PGP) |
13.65 Lakhs |
Highest Salary Offered |
27 LPA |
Median Salary Offered |
12 LPA |
Cut-off (CAT) |
92 percentile |
Faculties:
Placements:
Location and facilities:
Overall, it is a definite verdict that IIM Visakhapatnam has a lot to offer to its students, including curriculum, activities, and placement.
Though the CAT cut-offs vary every year, it is generally seen to have close proximity in consecutive years. Here are the data for 2020, along with sectional cut-offs, for every category.
2020 Cutoff:
Category |
VARC (percentile) |
LRDI (percentile) |
QUANT (percentile) |
Overall (percentile) |
General |
80 |
80 |
80 |
85 |
OBC-NCL |
70 |
70 |
70 |
75 |
EWS |
70 |
70 |
70 |
75 |
SC |
50 |
50 |
50 |
55 |
ST |
30 |
30 |
30 |
40 |
PWD |
30 |
30 |
30 |
40 |
The cutoff depends on many parameters and not just only on the CAT score. For example, candidates from non-engineering backgrounds can have a lower cutoff score but still secure a seat due to the diversity point.
Every year, the final selection phase gets completed tentatively by April and the candidates get emails regarding the information and further communication. After being selected, candidates have to reconfirm their choice within a fixed amount of time, and only then they are further communicated and invited for the following rounds.
Calling the IIM Vishakhapatnam’s hostel the best is literally not an understatement. It’s the world-class amenities combined with the serene surroundings that make it seem like a resort-like experience. One of my friends was a PGP student at Vizag and stayed at a beach-facing hostel. The sunrise and sunset views from the balcony and terrace make it seem like you are in a hotel and make your hostel life really peaceful and more home-like. Apart from the spectacular views, other major facilities are
Overall IIM Vizag has excellent hostel facilities and if you are depressed or stressed about your academics you can take a break by just sitting on the balcony and taking in the breathtaking view.
Considering TCS being an IT company providing employment and opportunities to learn and IIM Visakhapatnam a considerable new IIM, here are a few pros and cons regarding both the decisions.
TCS:
IIM Visakhapatnam:
Overall, the above factors give a brief overview of the scenarios in both choices. The final decision is yours, whether to join the IT industry, get prepared, and crack CAT, or take up IIM Visakhapatnam and get a dive into the unexplored opportunities.
IIM Visakhapatnam had a lot of help from IIM Bangalore for placements in the first few batches. A pool summer placement process was organized at Bangalore for the first three batches. This resulted in students interning at companies like Cloudtail and Directi. If you are lucky, you will find colleagues from colleges like IIM Ahmedabad, Bangalore, Calcutta, XLRI, and FMS.
The internship is a great opportunity for you and it will pose a strong point in job interviews. Moreover, my advice to you would be to network as much as possible. You will probably earn a 6 figure monthly stipend during the summer internship. Eventually, as students began to perform well and some of them at par with the top three IIMS (ABC), PPOs began loyally recruiting students from the college.
These job profiles are the same as those offered at IIM Bangalore. An example of this would be that of Bosch. It offers a Junior Manager’s program available only to premier campuses like IIM Bangalore, IIFT Delhi, etc. as seen on LinkedIn. It even has an international visit to Germany included.
Another major reason would be that this industry prefers students who have previously done summer internships. This PPO percentage was higher for the first two batches from IIM Visakhapatnam since most of the students were taught by IIM Bangalore professors.
Here are some other statistics for placements at IIM Visakhapatnam:
All these factors combined above have now ensured that IIM Visakhapatnam does better in placements than any other second-generation IIM. Currently, the highest CTC stands at INR 27 LPA and a minimum at INR 10 LPA. Companies like Yes Bank, Amul, and Crompton Greaves regularly visit the institute for placements.
Food served at IIM Vishakhapatnam’s mess is generally decent and edible. One does not have to frequently resort to ordering food from outside. The recent supplier is a 4-star hotel in Visakhapatnam.
Such amazing mess facilities make it easy for the students to live a comfortable hostel life without missing homemade food much.
IIM Visakhapatnam is not better than IIM Nagpur yet it is at a level with it. There are many reasons why people choose it over Nagpur.
So if your expectations are low regarding placements and facilities, IIM Visakhapatnam is the best new IIM you can go for.
As a current student at IIM Vizag, you can vouch for the fact that the institute has outperformed many of the newer IIMs despite being relatively young. The placement report available on the official website speaks to the confidence that the industry has in the institute and its students, and this is reflected in the strong job offers received by graduates.
But beyond just looking at placement reports, it is important for MBA students to have exposure to real-world business problems, and IIM Vizag provides this through classroom discussions, guest lectures, business conclaves, and corporate competitions.
In addition to academic pursuits, life at IIM Vizag is enriched by a range of festivals, celebrations, competitions, and cultural and sports events. Nurtured by its parent institute IIM Bangalore and supported by a talented faculty, IIM Vizag offers a vibrant and fulfilling experience for students, and if you are fortunate enough to be selected for the program, you can look forward to living and studying in the beautiful city of Visakhapatnam.
The table below will help you differentiate between the two IIMs
Particulars |
IIM Vizag |
IIM Amritsar |
Fees |
INR 15,04,920 |
INR 12 Lakhs |
Cutoff |
80 |
92 |
Batch-size |
240 |
228 |
Average Salary |
INR 15.06 LPA |
INR 25.21 LPA |
Highest Salary |
INR 31.60 LPA |
INR 14.63 LPA |
Distance of nearest airport |
14 km |
14 km |
Top Recruiters |
Amazon, BYJU’s, Deloitte, HCL, HDFC Bank |
Accenture, Cognizant, Dell, Deloitte, Genpact |
My friend was in a similar dilemma a few years ago. She had offers from NMIMS, SIBM and IIM Nagpur. She wasn’t sure if choosing a new IIM over these B Schools would be a wise decision. Yet she chose Nagpur in the end. Some major reasons that led her to choose it were
Based on the above parameters you have to make a decision according to your preferences. My friend was glad she chose IIM Nagpur and it helped her uplift her career through various opportunities.