Indian Institute of Management (IIM) MBA admission process comprises students undertaking the annual CAT exam. In other words, aspirants who wish to pursue an MBA degree from any of the IIMs must first qualify for their CAT exams. The CAT exam is administered annually every year during the month of November. Individuals who are able to qualify for their CAT Exam will have to secure eligible scores in the Written Ability Test (WAT), Group Discussion (GD) and Personal Interview (PI) to get selected for admission into IIM’s MBA programmes. Read the article to know more about IIM MBA admissions 2023.
|Name of Institution||Indian Institute of Management|
|IIM MBA Salary||INR 20-25 LPA (Average)|
|IIM MBA Eligibility Criteria||Qualified for Class 10+2 with an aggregate of 50%.|
|IIM MBA Selection Process||CAT Exam, WAT-GD-PI Rounds|
|IIM MBA Fees||INR 14- INR 27 Lakhs|
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IIM MBA Entrance Exam 2023
Candidates who aspire to enrol in IIM’s MBA programmes must take the CAT 2023 Exam. The registration window for the CAT 2023 Exam will remain open between the first week of August and the third week of September 2023. Those who wish to apply for the said exam must do so within the stated timeframe. CAT 2023 exam will be conducted on 26th November 2023. The exam itself will be administered in three slots. Aspirants preparing for the exam must cover topics from sections such as VARC, DILR and Quantitative Aptitude. The total duration of the CAT 2023 Exam will be 120 minutes.
CAT Exam: An Overview
CAT, or the Common Aptitude Test, is a national-level entrance exam which is predominantly administered by the Indian Institute of Management in India to gauge the aptitude and cognitive prowess of individuals who wish to enrol for post-graduation management courses in the top business schools of India. The exam is conducted in a CBT mode and primarily comprises three sections, namely Quantitative Aptitude (QA), Verbal Ability and Reading Comprehension (VARC), and Logical Reasoning and Data Interpretation (LRDI). The application fee for IIM MBA admission through CAT is INR 2400/-.
Also Read: 60+ IIM Scholarships for MBA Applicants
IIM MBA Admission Dates 2023
The result for the CAT 2023 Exam conducted during the month of November will be tentatively announced in the initial weeks of January 2024. Candidates who qualify for the CAT exam will be further called for the WAT-GD-PI rounds during the months of February- April 2024. The final admission results will be issued by the end of May 2024. Refer to the following table to go through the crucial IIM MBA Admission Dates (2023).
|CAT Exam 2023||26th November 2023|
|CAT Registration Window 2023||1st Week of August- 3rd Week of September 2023|
|CAT Result 2023||1st Week of January 2024 (Tentative)|
|CAT GD/PI Rounds||February-April 2024 (Tentative)|
|Admission (Final)||May to June 2024 (Tentative)|
IIM MBA Admission & Selection Criteria 2023
IIM MBA Admission Process is the same for all IIM campuses across the nation. IIMs that have been established after 2010 incorporate a different admission process known as the common admission process called CAP. However, even for these campuses, the selection process remains the same. Individuals aspiring to get admission into IIM’s MBA courses must first qualify for the CAT Exams. Once qualified, individuals will be required to clear the WAT/GD/PI rounds with eligible scores to get selected for admission. The final selection stage entails the shortlisting of candidates based on their acquired scores in all of the aforestated areas. Based on the candidate’s merit and acquired scores, IIM releases admission offers every year.
Apart from the main CAT exam, WAT and PI rounds carry a substantial amount of weightage for one’s selection in IIM’s MBA courses. Authorities select candidates (final) on the basis of their CAT scores, academic records, prior work experience, WAT and PI scores. The PI rounds are usually held during the month of February.
IIM MBA Eligibility Criteria 2023
Candidates aspiring to pursue an MBA degree from any of the IIMs must meet the following set of prerequisites. Have a look.
- MBA aspirants must be holding a bachelor’s degree with an aggregate score of 50% marks from any notable institution.
- Individuals must be holding professional degree certificates such as CA/CS/ICWA with an aggregate of 50 per cent and 45 per cent for general and SC/ST/PWD candidates respectively.
- Graduation marks and percentage obtained by the candidate would be calculated based on the practice followed by the University/Institution from where they have obtained the degree.
- The conversion of CGPA and grades into percentile marks is done adhering to the procedural norms prescribed by the institution of the candidate where he/she acquired their bachelor’s degree.
Also Read: IIM Short-Term Courses 2023-24
Weightage for IIM MBA Admission 2023
IIM MBA aspirants must go through the data tabulated below to go through the weightage allotted to different domains and areas during the final selection process. It must be taken into account that CAT scores hold only 40% of weightage whereas academic records from the school/college level hold 50% weightage in the final selection.
|CAT Exam Score||40%|
|HSC (Higher Secondary) Score||30%|
|Diversity of Gender and Work Experience||10%|
IIM MBA Fees
The IIM MBA fees for two years range from INR 14 to INR 27 lakhs, depending on the campus. Refer to the following table to go through the top IIM MBA Fees.
|IIM Campuses||MBA Fees in 2023|
|IIM Ahmedabad||INR 24.61 lakhs|
|IIM Bangalore||INR Rs. 24.7 lakhs|
|IIM Calcutta||INR 27 lakhs|
|IIM Lucknow||INR 21.75 Lakhs|
|IIM Indore||INR 21.17 Lakhs|
Also Read: How to Get Admission to IIM Without CAT?
IIM Executive MBA
IIM’s Executive Post Graduate Programme in Management (EPGP) is a one-year full-time programme for working professionals who wish to pursue their education in the field of management without having to leave their jobs. These online/remote courses are aimed at professionals who cannot afford to leave their jobs for their education.
IIM Executive MBA Eligibility Criteria
Working Professionals who have a spectacular work record for more than five years can apply for such a programme. Refer to the following data to go through the IIM Executive MBA Eligibility Criteria.
- Individuals should have completed their Bachelor’s Degree from any notable institution with a minimum aggregate of 50% marks.
- Candidates must be holding valid GMAT/GRE scores.
- Must have a work experience of more than five years.
IIM Executive MBA Fees and Duration
Working professionals who wish to pursue an executive MBA course from the top IIMs must refer to the following data to go through the course fees and duration.
|IIM||Course Fees For the Executive
|IIM Ahmedabad||INR 31.5 Lakhs||4|
|IIM Bangalore||INR 20 Lakhs||5|
|IIM Calcutta||INR 31 Lakhs||5|
|IIM Lucknow||INR 11 – 31 Lakhs||3-5|
|IIM Indore||INR 17.6 – INR 22 Lakhs||5|
|IIM Kozhikode||INR 14.70 Lakhs||3|
|IIM Udaipur||INR 22.75 Lakhs||3|
|IIM Vishakhapatnam||INR 10.8 Lakhs||3|
Aside from their CAT scores, candidates are evaluated on the entirety of their profile, including academic records, professional experience, extracurricular achievements, and so on.
The IIM admission cycle commenced in MAY 2023 and will remain open until the month of August 2023. Aspirants intending to get admission into IIM 2024 must undertake and qualify for the CAT 2023 Exam.
IIM Bodh Gaya, IIM Rohtak, IIM Jammu and IIM Indore are known for selecting candidates on the basis of their JIPMAT scores. Those who do not intend to take the CAT exam can therefore apply to these IIM branches.
That was all about the MBA admission process at IIM and its various nuances and complexities. With that being said, admission to any of the IIMs for an MBA degree may appear to be an uphill struggle, but with adequate support and preparation, one may undoubtedly gain admission to the revered university.