IIM Bangalore Scholarships: List of Scholarships to Study in India

IIM Bangalore is a part of the Indian Institutes of Management (IIMs), a group of 21 centrally-funded B-schools in India. It offers a variety of management courses at postgraduate, doctoral, executive, and certification levels to eligible students. While it’s considered prestigious, IIM-B is also very expensive. However, the institute also provides scholarships and financial aid to students in need. So if you are seeking financial assistance to study in one of India’s most renowned institutes, this blog will act as your guide. We will learn all about the scholarships offered by this renowned institute, including their eligibility criteria and rewards. Read on to find out!

Established	1973
Location	Bangalore, Karnataka, India
Type	Public business school
Programs offered	PGP, EPGP, PGP-PMP, PGP-FABM, PhD
Number of Scholarships offered	200-250
Number of students	1,300+
Average CAT score for PGP admissions	99.5+
Average salary for PGP graduates	₹25+ lakhs per annum
Top recruiters	McKinsey & Company, Bain & Company, Boston Consulting Group, Amazon, Microsoft, Google
Global rankings	#47 in India (by FT Global MBA Rankings 2024) #48 in the world (by QS Global MBA Rankings 2024)

List of IIM Bangalore Scholarships for Students

The IIM Bangalore scholarships are mostly merit-based or merit-cum-need based scholarships. So the applicants need to fulfil the eligibility criteria of the scheme they want to avail of. Here’s a list of some popular schemes provided by IIM-B, along with their eligibility criteria and rewards:

Scholarship Name	Eligibility	Amount/Benefit
Aditya Birla Scholarship	Students in top 25 percentile in their class in the first year	INR 1.75 lakh per student
OPJEMS Scholarship	First 10 toppers from PGP second-year (along with their first-year performance)	INR 1.50 lakh
Citi Women’s Leader Award	Students in top 25 percentile in the first year On the basis of the student’s SOP and performance in the interview conducted by Citi Group	Covers second-year tuition fee
Societe Generale Global Solution Centre India Scholarship	Covers the full tuition fee	Covers full tuition fees
Siddhartha Padam Award	First-year PGP students on Director’s Merit List scoring highest CGPA in Economics, Finance & Accounting core courses	INR 50,000 cash prize with a medallion and a certificate
IIMB PGP Alumni First Batch (1976) Scholarship	Differently-abled female (or male, in the absence of female students) PGP students	INR 75,000 cash prize with a medallion and a certificate
Runwal Education Trust Scholarship	PGP students, based on their academic performance and financial need	INR 1,00,000 cash prize with a medallion and a certificate
Hindustan Unilever / T Thomas Scholarship	Only 1 second year PGP student	INR 1 Lakh
Yes Bank Scholarship	Students in the top 20 percentile (based on their recent GPA) and enrolled in at least 1 student committee	INR 2 lakh
NTPC Scholarship Scheme	Second-year students belonging to SC/ST/PwD categories without any backlogs in first year	INR 48,000 per year
Employment in Social Sector Scholarship	–	One-third of the recipient’s fees reimbursed at each work year’s end for the first 3 years in the social sector
Ministry of Tribal Affairs Scholarship (ST)	First-year PGP students belonging to ST category	Covers the full tuition fee
Ministry of Social Justice and Empowerment Scholarship (SC)	First-year meritorious PGP students belonging to SC category	Covers full tuition fee
Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)	Disabled students having at least 40% of the disability and a disability certificate issued by a genuine medical authority	INR 255,000 per year

Also Read: BYJU’S National Aptitude Test (BNAT) Scholarship 2024: Amount, Details, Eligibility

IIM Bangalore Financial Aid

In addition to IIM Bangalore scholarships, the institute also provides financial aid to students in need. The Financial Aid Policy of IIM-B encourages students to not give up on their higher education due to financial constraints. Let’s take a look at how it works:

Eligibility Criteria: To be eligible for financial aid at IIM-B, students need to fulfil the following criteria:

1. The applicant must be enrolled in PGP and have a family income of less than INR 8,00,000.
2. Applicants having severe financial issues due to unforeseen circumstances are also considered.

Selection Process: The Financial Aid Committee of IIM-B conducts the selection of students in 2 phases:

1. The first phase involves giving a financial status score to students based on 4 factors: annual gross household income, household savings, real estate, and miscellaneous assets.
2. The second phase involves personal interaction with the faculty panel based on the student’s financial score. The panel analyses and determines the student’s financial need based on the documents provided and assigns them a final score.
3. The applicants are offered 100%, 80%, 60%, 40%, or 20% financial aid based on the weighted average of the initial and final scores.

Also Read: National Means cum- Merit Scholarship

How To Apply for IIM Bangalore Scholarships?

To apply for IIM Bangalore scholarships, you need to follow the steps given below:

1. Visit the IIM Bangalore website and go to the “Financial Aid and Scholarships” page.
2. Click on the “Apply for Scholarships” link.
3. Create an account and log in.
4. Fill out the online application form.
5. Attach any required documents.
6. Submit the application form before the deadline.

Documents Required

• Academic transcripts (CAT score, GPA, and so on)
• Work experience (if any)
• Proof of financial support
• Statement of purpose clarifying your need for the scholarship.

Relevant Reads:

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Ch Muhammed Koya Scholarship: Online Application, Last Date, Eligibility	Delhi University Scholarship: Application Form, Eligibility, Amount

FAQs

We hope that this blog provided you all the information regarding the IIM Bangalore scholarships. To discover more scholarships to study in India, keep following Leverage Edu. You can also contact us at 1800 57 2000 to book a 30-minute free counselling session. Thank you for reading!