IIM Calcutta Scholarships 2024: Eligibility, Amount, How to Avail, PGDM Scholarships
IIM Calcutta offers various scholarships to its 1st year & 2nd year PGDM students. Some of the popular scholarships of IIM Calcutta are B.P Poddar Scholarship, India Carbon Scholarship, TIL Scholarship, Aditya Kashyap Memorial Scholarship etc. IIM Calcutta students also get various scholarships & awards sponsored outside the organization like ABC India Award, Balmer Lawrie Award, Calcutta Management Association Trophy etc.
IIM Calcutta Scholarship Highlights
The below table represents the scholarships offered by IIM Calcutta:
| Particulars | Scholarships & Awards |
|---|---|
| PGDM 1st Year |
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| PGDM 2nd Year |
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| Sponsored Outside Organization |
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Why To Join IIM Calcutta - Reviews & Rating
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Likes
- Academics especially economics and finance faculty
- Campus life and culture which is one of the USP.
Dislikes
- Fees is quite high and has been continuously increasing
- Location is quite far away from main Kolkata which has both positives and negatives.
Fees and Financial Aid:
Course fees have gone higher and continuously increasing in the last few years. Although very easy educational loans are available at the minimum possible rates. Even though fees is high, the good placements offer a great ROI. For the financially weaker sections, there is provision of NBFA.
Likes
- Faculty Expertise and Support: Professors are renowned experts in their fields
- Vibrant Campus Life: The campus is lively and full of opportunities for extracurricular activities and social interaction
Dislikes
- he student body is highly competitive, which can be motivating but also lead to pressure and anxiety.
- Limited Work-Life Balance
Fees and Financial Aid:
IIM Calcutta boasts a top-notch MBA program, but the sticker price can make your wallet wince. The total tuition for the two-year course currently hovers around 25 lakhs (ouch!). But before you cry foul, let's explore the hidden gems: IIMC offers a range of scholarships for academic excellence, covering partial to full tuition fees. Think B.P. Poddar Scholarship for toppers or the India Carbon Scholarship for sustainability crusaders. Need-based: Financial aid like grants and loans are available for students demonstrating financial hardship. No shame in the game! External Sponsorships: Many external organizations offer scholarships for specific groups like women or rural students. Research pays off!
Likes
- Campus Life was a key highlight of the MBA experience: There are multiple activities happening at once, the ability to explore so many different things is definitely one of the best parts
- Interactions with peers and faculty: You will find some of the smartest people here, with a wide range of experiences and interests. It is really interesting to learn and pick up new things from your peers, courses and teachers
Dislikes
- Mess food: Quality was sub-par some of the hostel messes, there were mechanisms to register complaints but the resolution time was too high
- Infrastructure: It is one of the oldest MBA colleges therefore infrastructure especially for the hostels is not as expected
Fees and Financial Aid:
The fee hike is reducing the affordability of an MBA to a larger section of the population and currently, there is no merit-based scholarship available - however since you will be graduating from one of the top institutes of India and will most likely end up with a high paying job, you can get loans at affordable rates - loans not just cover your MBA fees but loans can be extended for the exchange term that happens in the 2nd year. There are external scholarships that are provided by the government, that can be availed by the students. The placement committee which helps students during the internship and placement cycle also bring live project opportunities where students act as interns and can earn money too while studying, Alongside there are scholarships offered by companies and case competitions organised by companies and other schools which come with a sizeable prize amounts
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Likes
- Campus life and peer group: the chillest IIM, freedom to live life the way you want, a very talented peer group to learn from
- Placements: The best across India with space to explore every sector
Dislikes
- Hostels: extremely disappointing given the kind of institute IIM C is
- Administration: extremely ignorant of problems faced by the student body, stubborn, and resistant to positive change
Fees and Financial Aid:
For my batch, the fees were 23L for the program with hostel and mess charges separate. All in all, we spent anywhere in the range of 25-27L for the course. The cost is high and many students had to take a loan to meet their needs. However, this loan is usually disposed of easily given that the placements here are the best in the country. I did not avail of any financial assistance or scholarship but options for the same are present and are availed by quite a few students. My summer internship was at MX Player where my stipend was 1.5L a month for 2 months.
Likes
- Peer Group: As with any B school competitiveness is ingrained into every batch but when folks say that no one is left behind at Joka it is reassuring to know that it is not entirely said for posterity
- Campus Culture: A culture which actually focuses on exploring interests and interacting with others over simple academic excellence was both unexpected and welcome.
Dislikes
- Hostel Infrastructure: With the exception of LVH each hostel has small rooms and no accommodations for the extremely humid weather. The infra is ancient and liveable is the kindest word that I can use for it.
- Placement transparency: With the concentration of power in the hands of place comm. it is very easy to feel like the placement process is not entirely fair for all. There are little to no checks for favouritism too.
Fees and Financial Aid:
Fee hikes are common and our subsequent batch has already seen this happen. There are multiple scholarship programs including a prestigious one offered by the Aditya Birla Group though I am unsure as to the extent/nature of assistance provided by these programs. Working full-time during your academic period is strictly prohibited although live projects and the like are allowed. On-campus jobs are limited to tutorship which you can take up in your second year if you have exemplary grades in a course although these are not done primarily for compensation. The most common method of funding is loans granted by banks such as SBI at very attractive rates which can be paid off in a reasonable timeframe considering the average placements through the program.
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Likes
- Peer to peer interaction and working in small teams
- Various clubs to keep the students engaged
Dislikes
- Due to COVID face to face interaction was minimised
- Program fees is at the higher end and should be reduced
Fees and Financial Aid:
Fees structure is high compared with other courses available in the Indian market, however, the business lessons taught in the program distinguish itself from other courses. Financial assistance is available in the form of various scholarships and institutes' own Need-Based Financial Assistance programs.
Likes
- Love the Campus Life
- Great Educational System and Placement Process
Dislikes
- The administration is slow in responding to issues
- The sports facility can still be improved in some certain areas
Fees and Financial Aid:
The fee is 23 lacs for the entire 2 years excluding the hostel mess fee. So all in all a sum of around 25 lacs is spent throughout the two years. Financial assistance is provided to the students in need upon satisfying's some criteria. Placements are provided via campus only with a 100% success rate. Several banks have tie-ups with the Institute which provide education loans at an extremely low-interest rate.
Likes
- Placements
- Campus Life
Fees and Financial Aid:
The fee structure includes everything except mess food, which is handled by the student council and you can pay for what you eat. The institute provides many scholarships and financial assistance from various sources.
Likes
- Campus Life
- People
Fees and Financial Aid:
It is evenly spread across two years with the bulk going towards tuition fees, hostel fees, alumni association fees, books fees, etc. A Plethora of scholarship opportunities is provided by the government, academia, and corporates to students of IIM C. The students of IIM C get the benefit of Need-based financial assistance from the admin.
Likes
- sports
Dislikes
- No AC in rooms
Fees and Financial Aid:
Fee structure: 3-4 lakhs per term. there are 3 terms in a year Total 25 lakhs for course Other expenses can amount to 6000-15000 depending on lifestyle Scholarships available: many I applied to the ministry of minority affairs scholarship
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IIM Calcutta: 1 Answered Question
What if I convert IIMs but don't have enough money to pay the fees?
Trust me if you get into any IIM, banks will be after you to get loans from them. Banks consider an IIM student a good investment and therefore offer educational loans at a very low interest rate.
My uncle’s son had cleared CAT and got into IIM Calcutta. He got a loan from a bank at an extremely low interest rate. He had to deposit a demand draft of INR 3,23,050 at the time of the MBA registration process (second week of June). The rate of interest is 8.4%. After MBA, you will be in the 30% tax slab. The interest paid on an education loan is tax-deductible. So, your effective rate of interest is 8.4(1–0.3)=5.88%. This is the cheapest loan one can get in India. So it’s recommended that you take a loan even if you have money.
Banks like SBI, CBI, BOI, and PNB will give you loans as high as 30 lakhs without any collateral.
Apart from loans, IIM Calcutta also offers a lot of financial assistance to financially weak students. Need-based-scholarships are offered. IIM Calcutta provides Financial Assistance to students whose family income is less than 8 Lakhs.
Rather than worrying about money focus more on your goals and academics.
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2 Comments
IIM Calcutta (Indian Institute of Management Calcutta) is well known for its flagship MBA program and it offers programs in the graduate, executive, and doctoral levels. IIM Calcutta fees for the batch of 2024 is INR 27 Lakhs and the average package stood at INR 35.07 LPA. For the MBAEX program, the fee is INR 31 Lakhs. For the PGPEX-VLM program, the fee is 13.5 Lakhs(Caution Deposit) Payable: 40,000s. For the MBAEX program, the fee is INR 31 Lakhs. For the PGDBA program, the fee is INR 25 Lakhs.
Yes, IIM Calcutta offers a lot of scholarship oppurtunities to the students. The name of major scholarships offered at the IIM Calcutta are mentioned below: