IIM Visakhapatnam PGP admission: Negotiate low CAT score with other weighted criteria; Reconfirm interest by April 27

IIM Visakhapatnam, one of the 7 newest IIMs has started its PGP 2017-19 admission process and has sent mails to all the candidates who had taken CAT 2016 and are eligible for 1^st stage shortlist. IIM Visakhapatnam is the 1^st among the 7 IIMs where the admission process has begun on April 17. The candidates who receive the mail need to reconfirm their interest simply by clicking on the button ‘Reconfirm’ after checking their status.

IIM Visakhapatnam is the only newest IIM which has announced completion of 80% final placement 2017 for the 1^st batch 2015-17 among the 7 newest IIMs before its Convocation. The average salary for the 1^st batch has gone as high as Rs.11.59 lakhs per annum.  Read final placement 2017 of IIM Visakhapatnam

If found eligible…

If you are eligible you will get the following message-

Admission to PGP 2017-19 (Phase- 1)

RECONFIRMATION OF INTEREST  

I reconfirm my interest in admission to PGP 2017 batch of IIM Visakhapatnam  (click on the RECONFIRM button below)

If not eligible…

If you are not found eligible, you may get the following message from IIM Visakhapatnam

Admission to PGP 2017-19 (Phase- 1)

RECONFIRMATION OF INTEREST 

Admission Schedule: Key dates

IIM Visakhapatnam is mentored by IIM Bangalore. IIM Visakhapatnam has announced the PGP 2017 admission schedule with important dates

ADMISSIONS Reconfirmation of Interest:  Begins - April 17, 2017; Closes - April 27, 2017

Call for Personal Interview: May 03, 2017

Application Submission: May 03, 2017 to May 15, 2017

Personal Interview: May 22, 2017 to June 02, 2017

Admission Offers : June 9, 2017

PROGRAMME Registration: July 17, 2017

Orientation: July 17, 2017 to  July 22, 2017

Classes start: July 24, 2017

These dates are tentative and subject to change if required. Besides, only those candidates who have been shortlisted will be intimated by e-mail

Negotiate your CAT 2016 score with other parameters

IIM Visakhapatnam PGP 2017-19 admission criteria involves 6 components with less weightage to CAT 2016 scores. According to IIM Visakhapatnam “The admission process seeks to identify the most promising candidates for the PGP batch of 2017 for IIMV. IIMV uses multiple parameters, namely academic performance in 10th standard examination, 12th standard examination and Bachelor’s degree examination, candidates’ scores in CAT, as well as performance in Personal Interview and Writen Ability Test to judge the suitability of candidates for the PGP program. Relevant work experience, if any, is also given weight in the selection.”

3 Stage selection process

 IIM Visakhapatnam proposes to adopt a 3-phase selection process and accordingly these selection criteria are applied in three phases. The selection process, parameters and weights used are uniform for all categories of applicants. Sufficient candidates will be short listed at each stage in each category to meet the reservation requirement for each group, as applicable at that time. 

Stage-I

The first phase process is applied to all eligible candidates who appeared for CAT 2016 and have applied for IIM Visakhapatnam to determine those qualifying candidates who are called to reconfirm their interest for admission to PGP 2017-19 of IIM Visakhapatnam.

The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT. Candidates obtaining a positive (greater than zero) raw score in all sections of CAT-2016 will only be considered. All the subsequent processing, standardization and selection is limited to candidates belonging to this first short list alone. This means that the CAT 2016 score alone (for candidates who have applied for IIM Visakhapatnam) is used as the basis for arriving at the first short list.

The percentile cut-off scores used for CAT 2016 for first shortlist at IIM Visakhapatnam are as shared below

QA=Quantitative Ability; DILR=Data Interpretation and Logical Reasoning;  

VARC=Verbal Ability and Reading Comprehension

Reconfirm interest for IIM Visakhapatnam by April 27

Please note that these cut-offs are not for admission offers whose scores could be much higher. All candidates in the first shortlist that will consist of the candidates who have applied to IIM Visakhapatnam and also meet the minimum percentile requirements, would be receiving an e-mail from IIM Visakhapatnam around 17th April 2017, with a link to a web page where they must reconfirm, by April 27, their interest to pursue their candidature further for the admission to PGP 2017-19 at IIM Visakhapatnam.

Stage-II

Only those candidates who meet the minimum CAT 2016 percentiles requirements and have reconfirmed their interest, by April 27, for admission to PGP 2017-19 of IIM Visakhapatnam will henceforth be referred  as Qualified Confirmed Candidates for the 2nd phase of admission process.  These candidates only will be considered in Phase 2 of the admission process.

Low weightage to CAT 2016 scores

A 40 point weightage will be  awarded for performance in CAT 2016. The weight is not very high as compared to other components. However IIM Visakhapatnam proposes to award this weightage dividing it among all the 3 sections of CAT 2016 exam. 

The 40 points for CAT are derived from the performance in each of the 3 sections as follows Quantitative Aptitude (QA) - 10 points; Data Interpretation & Logical Reasoning (DILR) - 16 points; Verbal & Reading Comprehension (VRC) - 14 points.

30 points weightage to Class 10 & 12 marks

Weightage for class 10 marks is 20 and for class 12 marks it is 10. For all the 1st stage shortlisted Candidates, the candidates' percentage scores in the 10th and 12th board exams are initially adjusted by dividing each such score by the 90th percentile score obtained in that board.

The database of 10th and 12th scores of all CAT applicants of the past two years is used for identifying the 90th percentile score for each 10th and 12th board for this purpose.

20 points weightage for graduation marks

A weightage of 20 points will be awarded for graduation marks at the second stage of admission process at IIM Visakhapatnam.  Final scores obtained by the candidate are used for the bachelors' degree and professional degrees.  Incomplete or intermediate scores are considered only if the candidate's final score was pending. Hence, for final year bachelor's degree candidates, at the time of CAT registration, their incomplete graduation score would be taken in lieu of final graduation score. Graduation scores are adjusted within their respective categories. This gives the adjusted score for the bachelor's degree for all Qualified Confirmed Candidates.

CA/CS only eligible for weights under Professional course

Candidates with Chartered Accountancy, Cost Accounting, and Company Secretary certifications are eligible for weight under professional course. No other professional course is eligible for weight under professional course. The professional course score is also standardized for all Qualified Confirmed Candidates.

8 Point weightage for work experience

The 8 points weightage awarded for work experience will peak at 36 months work experience and will remain at that level for candidates with work experience exceeding 36 months.

The score/weight for work experience is calculated as: Score for Work Experience = 8x/36 (if 0 < x < 36) = 8 (if x >= 36) Where x is the months of work experience up to July 2016, as captured in CAT application form (and substantiated in the application to IIMV). 

The maximum of the work experience score and the professional course score is considered for selection under a common weight of 8 for work experience or professional course – since both provide professional work experience relevant to a management programme.

2 point weightage to Gender Diversity

Female Candidates will be awarded 2 points weigthage  at the pre-PI rank list for interview shortlisting. It will not be applicable for phase 3 of the admissions process i.e. at the time of final offers of admission.

Final shortlist for WAT & PI round

All the Qualified Confirmed Candidates with the weighted aggregate of the six components namely work experience or professional course; CAT 2016 percentile; 10th board; 12th board; bachelors and gender diversity will be used to prepare a pre-PI rank list based on which a second short list of candidates is prepared. The next phase of admission round will assess the candidates through personal interview and written ability test.  IIM Visakhapatnam proposes to shortlist sufficient candidates for the personal interview & written ability test.

The normalization or standardization in any of the above components will be carried out as per the following formula - Standardized score (truncated between 0 and weight (wt)) is computed from the raw score (val)as: Max [0, min {wt, wt/2 + ((val-mean)/ sd) * wt/6}].

PI-WAT round: 40% weightage in final selection

If you have low CAT scores, you may cover them in the PI-WAT round which has 40% weight in final selection. The other weightage criteria in pre-PI stage will stand reduced to 60 points in final selection.

Measuring on a scale of 100 IIM Visakhapatnam has shared following weightage on various components in admission process –

Intake

IIM Visakhapatnam had an intake of 60 students in its PGP 2016-18 batch. It is expected that the B-school may increase its intake for the PGP 2017-19 batch.

IIM Visakhapatnam: Fee structure
The tuition fee for IIM Visakhapatnam is slightly higher than other new IIMs. It is Rs. 10.5 lakhs for 2 years and may be revised further. It is the highest fee structure among the 7 new IIMs launched in 2015. Other IIMs have a fee structure between Rs.9 to 10 lakhs. Leading banks routinely offer educational loans at concessional terms as per Govt. of India guidelines for all IIMs including IIM Visakhapatnam.

Hostel facilties at IIM Visakhapatnam

The temporary campus at IIM Visakhapatnam is not equipped with on campus hostel accommodation and candidates shall have to move to off campus hostel accommodation. While IIM Visakhapatnam operates from Andhra University campus, it has arranged the hostel accommodation at Falcon’s Nest
Plot No 27/28, Ramaraju Nagar, Near Prasanthi Nagar Pedda Waltair, Visakhapatnam-530017.

IIM Visakhapatnam came into being in 2015 as one of the 6 IIMs announced in the Union Budget 2014. While 5 of the 6 IIMs got finalized in the Budget 2014, the fate of IIM Visakhapatnam took the final shape in the Budget 2015 till then it remained a Government Ordinance entity. IIM Bangalore is the mentor IIM to IIM Visakhapatnam. Classes at IIM Visakhapatnam are held at the temporary premises allotted to it at Andhra University campus and will continue at the temporary campus till the 300 acre campus of IIM Visakhapatnam gets ready.

CAT score cut offs at 7 newest IIMs

It is expected that these new IIMs could offer admission below this CAT 2016 score if the candidate has excellent academics, academic diversity, gender diversity and work experience.

Stay tuned to MBAUniverse.com for more updates on IIM Visakhapatnam