IIM Visakhapatnam (Batch 2020-22)

Since IIM Visakhapatnam is one of the 3rd generation IIMs but it is performing at par with the 2nd generation IIMs in terms of placements given program fees is less than 2nd gen IIMs, hence one could expect good ROI. Since it had initially mentor by IIM Bangalore, IIM-V gets prominent visiting faculty from the IIM-B for various courses and electives. Also, the current batch strength of IIM-V is approx. 140, which is very low as compared to other 2nd and older IIMs. One major disadvantage is not having a permanent campus, which is expected to be completed by Dec 2021. But, on the other side, the current IIM-V's setup has hostels on the beach of Visakhapatnam. The major reason for preferring IIM-V is that its one of the fastest-growing among the 3rd gen IIMs and its location advantage, Visakhapatnam being the financial capital of Andhra Pradesh. The admission process is quite similar to other IIMs, shortlisting based on CAT, academics, work experience, etc followed by an interview.

IIM-Visakhapatnam follows the general curriculum like other IIMs. The 2 years of the PGP program are divided into a total of Six terms and a two months summer internship. The first year consists of core courses common to all which are related to Finance, Marketing, Operations, HR, etc, from the 3rd Term of First-year students get an option to opt for various electives of their area of interest. In second-year students get to choose electives from 20-25 options related to their major area of interest. Given IIM-V is one of the newest IIMs hence has limited in-house permanent faculties. Also, IIM-V gets visiting faculties for some core courses and electives, from IIM-B, IIM-C, IIM-K, IIM-I, etc every year. All faculties are extremely qualified with Phds in various domains and students get to review faculties every term. IIM-V has maintained 1:7 faculty to students ratio.

Every PGP student has to go for a summer internship. Various companies visit the institute for summer placement for various roles. Some of the companies which visit the campus are Yes Bank, ICICI, Bosch, etc.

It has a separate placement committee and 'CDS' for handling summer placement and final placement. Every year it achieves 100% placement for summers and finals as wells. Some of the major recruiters which visit IIM-V are Deloitte, KPMG, ICICI, Bosch, Yes bank, etc. For batch 2020-21 the highest stipend was 2 lakh and the average was approx. 62k. About the final placement, the average is around 14 lakh and the highest CTC offered was 27 lakh.

The total fees for 2 years PGP program is 1540000 which includes program fees, refundable & non-refundable fees, accommodation charges, etc. Fees are increased every year by a small margin as the batch strength keeps on increasing every year. At the time of admission, students can easily avail the education loan from any nationalized bank, on the basis of the Admission offer letter from the IIM-V. Also, students get various opportunities to apply for scholarships out of which some are financial needs basis, merit basis, etc. Students can find more details about financing and Scholarships on the IIM-V website under the admissions tab.

Despite not having a permanent campus, IIM-V has been providing top-notch facilities for its students in terms of hostels, classrooms, recreational areas, etc, and the hostel is beach facing which the cherry on top. The institute has various student clubs such as dance & dramatic club, Business & public policy society, alumni committee, Sports club, other management related clubs such as Finance, HR, Marketing, operations, Analytics, etc which organizes various events throughout the year for first-year and second-year students. There are three major events of IIM-V one if Business conclave 'Vriddhi', sports event 'Sangram' & annual cultural fest 'Samaarambh'.

Since the PGP program of IIM-V is a residential course like other IIMs, students have to stay in the hostel during the entire course of the program. As per the institute's policy, the charges for the hostel are not charged separately from the program fees, hence students won't find specific fees charged for accommodation in the fees structure.

IIM-V follows an admission process similar to other IIMs, shortlisting based on CAT, Academics, Work Exp, etc and followed by WAT and PI. IIM-V has a policy of conducting a separate admission process unlike the CAP admission process for other new items. At the time of application, the applicant has to submit all the details related to CAT score, Academics, Work experience, personal information alongside an SOP, and why IIM-V essay in the application form. The interviewer panel may consist of faculty and industry experts.