IIM Nagpur: Cut off, Fee structure, Average Placement package; 10 key changes in Admission criteria 2018

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MBAUniverse.com News Desk |
January 3, 2018
IIM Nagpur cut off is reduced for MBA admission 2018 to 72 sectional and 90 overall percentile in CAT 2017 as against 80 sectional percentile last year. From now on IIM Nagpur would award MBA degree instead of post graduate diploma to its students passing out from IIM Nagpur
IIM Nagpur
IIM Nagpur’s low fee and rising placements make this MBA College as one of the high RoI B-schools in India

IIM Nagpur cut off is reduced for MBA admission 2018 to 72 sectional and 90 overall percentile in CAT 2017 as against 80 sectional percentile last year. From now on IIM Nagpur would award MBA degree instead of post graduate diploma to its students passing out from IIM Nagpur as per the provision of IIM Bill 2017 passed by the Parliament recently.

IIM Nagpur fee structure at Rs.11.50 lakhs for 2 year MBA 2018-20, is not as high as that of many other top MBA/PGDM colleges and the average salary of Rs.12.11 lakhs in placement 2017 is compatible to some of the best B-schools in India. Accordingly, IIM Nagpur’s low fee and rising placements make this MBA College as one of the high RoI B-schools in India.

IIM Nagpur commences Admission 2018: Lowers CAT cut off, awards weight to other parameters; Reconfirm interest by April 20

IIM Nagpur announces lower Cut off for admission 2018
As against the last year cut offs, IIM Nagpur has announced lower cut offs required to shortlist the candidates for PGP 2018 admission leading to MBA degree.

 The CAT-2017 percentile score cut off is the single criterion used as the basis for arriving at the first short-list at IIM Nagpur. Only candidates with following minimum cut off scores in all sections of the CAT 2017 exam will be considered for the admission process.

Minimum Required CAT 2017 Cut off percentile

Category
Section 1
(VARC)
Section 2
(DILR)
Section 3
(QA)
Overall
General
72
72
72
90
NC-OBC
65
65
65
81
SC
50
50
50
65
ST
40
40
40
40
DAP
50
50
50
65

VARC=Verbal Ability and Reading Comprehension,  DILR=Data Interpretation and Logical Reasoning;  QA=Quantitative Ability

IIM Nagpur has also clarified that these cut-offs are not for admission offers whose scores could go much higher.

IIM Nagpur Fee Structure 2018-20: Revised upwards
IIM Nagpur fee structure has been revised upwards for MBA-PGP 2018-20 batch. Now, the two years PGP fees for IIM Nagpur will be around Rs. 11.50 lakhs for the 2018-20 batch as against Rs.10 lakhs plus last year.

This amount is exclusive of other charges like caution deposite, mess deposite and other charges. Exact amount and details of breakup will be given in the admission offer.

Candidates seeking admission in IIM Nagpur are eligible for education loans from leading banks who routinely offer study loans at concessional terms as per Government of India guidelines for all IIMs including IIM Nagpur.

IIM Nagpur Placements 2017: Average Package Rs.12.11 lakhs
IIM Nagpur Placements for the class of 2017 reflect the trend of running it into a high RoI B-school. The recruiters offered roles in various industry verticals in the areas of Strategy & Consulting, Sales & Marketing, Data Analytics, Finance, Operations, General Management among others.

The average and median package of the placement offers at IIM Nagpur remained Rs.12.11 LPA and Rs.12 LPA respectively. The median for the top and the next quartile for the placed students stood Rs.16.96 LPA and Rs.13 LPA.

Excluding international offers, the average and median figures for the placed students were Rs11.42 LPA and Rs12 LPA respectively. The median for the top and the next quartile for students placed domestically were Rs13.5 LPA and Rs13 LPA.

Average Salary batch 2015-17 (Including international): Rs. 12.11 lakhs
Average Salary batch 2015-17 (Domestic): Rs. 11.42 lakhs
Highest Salary Batch 2015-17 (Including International)Rs. 19.5 lakhs
Highest Salary Batch 2015-17 (Domestic)Rs. 15.23 lakhs
Summer Placement: Average Stipend batch 2016-18: Rs. 56,900
Summer Placement: Highest Stipend batch 2016-18:  Rs. 1.6 lakh

IIM Nagpur Placement Spread
The Placement offers at IIM Nagpur are spread across various sectors and industries.

Sector/Industry
Percentage of Placement offers
Infrastructure
26%
BFSI
24%
IT/ITES
  8%
Retail
  8%
FMCG
  8%
Food & Beverages
  5%
Media & Advertising
  5%
Manufacturing
  5%
Oil & Gas
  5%
Not for Profit
  3%
Tours & Travels
  3%

 
Function-wise Placement at IIM Nagpur

Function
Percentage of placements
Sales & Marketing
31%
Strategy & Consulting
24%
General Management
19%
Operations
17%
Finance
  7%
Data Analytics
  2%

Out of 53 students, 44 students were placed while 5 students opted-out of the placement process. The five students who have opted out have gone on to start their own ventures or join their previous organisations such as TCS, Wipro, among others.

Top Recruiter
The 44 accepted offers, including two PPOs from the Campus Placement activity were from reputed companies from a variety of sectors. The major recruiters are: Atyati Technologies, Bajaj Allianz, Bharat Petroleum, Choice India, Delivering Change Foundation, Futures First, GroupM, HCC, ICICI Lombard, Jajoo Glass,Jubilant FoodWorks, Jumbo Group, Kay Kay Overseas, Larsen & Toubro, Maharashtra Metro,Max Bupa Health Insurance, Star Rays, Tech Mahindra, Tega Industries, Torrent Group, TresVista,Tushita Travels, Tata Trusts, Vishvaraj Infrastructure, Wipro Technologies, YES BANK.

IIM Nagpur Admission 2018: 10 Key Weightage areas and Criteria
One of the key changes in the admission process for 2018 adopted by IIM Nagpur is that it has announced to conduct its own PI/WAT round by following the admission policy of IIM Ahmedabad. Till last year IIM Nagpur followed a simple and liberal admission policy with no GD-PI-WAT. 

1. You will get an e-mail from IIM Nagpur if you meet the cut offs prescribed by IIM Nagpur for admission 2018, before the 3rd week of March 2018 which will ask you to reconfirm your desire to take admission in PGP 2018-20 at IIM Nagpur by a stipulated date. The last date to reconfirm your interest in IIM Nagpur would be sometime in the end of March 2018

2. For admission 2018 at IIM Nagpur, you will be given due weightage for your academic profile, work experience, diversity to arrive at the composite score to shortlist you for final selection round which comprises Personal Interview and Writing Ability Test.

3. Following weightage will be given to different components by IIM Nagpur to arrive at Composite Score (CS) to shortlist you for final admission round:

Components
Max Weightage
Remarks
CAT 2017 percentile
50
For CS to be computed further
Class 10 marks
10
90% and above marks
Class 12 marks
10
90% and above marks
Bachelor’s degree
10
70% and above marks
Work experience
10
Work ex between 30 to 36 months
Gender diversity
 5
4 to female, 5 to transgender
Academic diversity
 5
For non-engineering subjects at bachelor’s degree like BA, B.CoM, B.Sc

4. A Comprehensive Score (CS) based on the CAT Performance (CP), Academic performance (PAP), Work Experience (WE) and Diversity (Di) scores will be calculated as follows:

CS=0.35 * (CP Score) + 0.40*(PAP Score) + 0.2* (WE Score) + 0.05*(Di Score)

5. Based on the comprehensive score (CS), a shortlist will be prepared and the shortlisted candidates will be receiving an email from IIM Nagpur around the first week of April, 2018.

6. The candidates need to submit a detailed application, including details of semester wise / year wise marks in Bachelors' degree etc., copies of all mark sheets, copies of work experience certificates (if applicable), certificate of disability (if applicable), scheduled caste / scheduled tribe / other backward class — non-creamy layer certificate (if applicable).

7. Only those candidates who submit the detailed application by the stipulated date will be considered for the next stage of the admission process.

8. After completion of WAT and PI process at IIM Nagpur, candidates will receive the admission offer. Final Score (FS) of the candidate will be calculated as follows:

Component
Weightage in percentage
Personal Interview (PI)
35
Writing Ability Test (WAT)
  5
CAT 2017 percentile
20
Academic performance
20
Work Experience
20

9. The selected candidates will receive provisional admission intimation by e-mail.

10. To confirm the acceptance of the offer, the candidate has to pay an acceptance fee of Rs. 50,000 which will be adjusted towards Term I fees subsequently.

IIM Nagpur not to participate in CAP 2018
IIM Nagpur will not participate in the Common Admission Process (CAP) 2018 being conducted for 11 new IIMs including 5 of its peers namely IIM Amritsar, IIM Bodhgaya, IIM Jammu, IIM Sambalpur and IIM Sirmaur.

IIM Nagpur will conduct its own PI/WAT round this year and has announced the minimum required CAT 2017 cut off percentile to shortlist the candidates for final selection round. This is a key change from last year admission process which required only CAT exam score for admission.

Intake to go up
As of now IIM Nagpur has an intake of 60 students out of which 28 seats are available for General candidates and rest 32 are divided among different reserved categories. However, it is expected that IIM Nagpur may revise its intake upwards.

According to IIM Nagpur, ‘The batch size will be 60 students. The intake might be revised before the admission process begins. In such a scenario, appropriate changes will be made based on the revised intake.’

IIM Nagpur started operation in 2015 with an announced batch size of 60 students. The 2018-20 batch will be the 4th batch of IIM Nagpur. Faculty member of IIM Ahmedabad are teaching at IIM Nagpur and the placements at IIM Nagpur are picking up with reasonably high salaries.

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

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Application for PGDM 2018-20 at GIM Goa is open till January 3, 2018
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Online Application for PGDM 2018-20 at LIBA is open till January 31, 2018 at a cost of Rs.1500/-
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Application for PGDM 2018-20 at LBSIM New Delhi is open till December 31, 2017
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Application for PGDM 2018-20 at CIMP is open till March 2nd week, 2018
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