IIM Visakhapatnam admission 2018: Reconfirm Interest by April 23; will conduct own PI-WAT

IIM Visakhapatnam Admission 2018
Monday, April 16 2018, 04:10 PM
IIM Visakhapatnam has commenced its MBA 2018-20 admission process and has sent e-mail to the eligible candidates to reconfirm their interest by April 23, 2018. The PI-WAT process at IIM Visakhapatnam will begin on May 21.
CAT scores are awarded only 25% weight as against PI-WAT & academics which carry 65% weight in final selection round at IIM Visakhapatnam

Admission process for MBA 2018-20 batch at Indian Institute of Management Visakhapatnam has started on April 13. The B-school has asked the CAT 2017 takers to reconfirm their interest in IIM Visakhapatnam latest by April 23, 2018 till 5 PM on the prescribed format by login on its website. A mail to this effect to all the eligible candidates who had opted for the admission at the time of completing their CAT 2017 registration form has already been sent by IIM Visakhapatnam.

Click here to read all about IIM Visakhapatnam

The next stage of admission process at IIM Visakhapatnam is the submission of application till May 11 after receiving the call for the Personal Interview on May 1. Only those candidates who have been shortlisted will be intimated by e-mail.

In case Mail not received
If your email address, as provided in the CAT 2017 registration form, has now become invalid, you should log-in to the admissions page on the IIMV website with your registered email ID. While reconfirming your interest, you can provide an alternate email id. Further communication by IIM Visakhapatnam will be sent to both the email-ids.

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Successful Submission of EoI
The successful submission  of ‘Expression of Interest’ or ‘Reconfirmation of Interest’ will be acknowledged by IIM Visakhapatnam for further admission process as under:

Admission for PGP 2018-20 (Phase-1)
RECONFIRMATION OF INTEREST

Acknowledgement for Reconfirmation of Interest

Confirmation of interest by  (Name of the candidate), has been recorded on (Day, Date and time) for consideration of candidature for further stages of admission process to PGP 2018 batch at IIM Visakhapatnam.

PLEASE KEEP A PRINTED COPY OF THIS INFORMATION / EMAIL FOR FUTURE REFERENCE

Regards,
Admissions Office

IIMV to award MBA in place of PGDM
With the passing and implementation of IIM Act 2017, IIM Visakhapatnam has decided to award MBA degree instead of Post Graduate Diploma to the students. According to IIM Visakhapatnam, “Starting from the PGP 2016-18 batch, IIMV is awarding the MBA degree to its two-year flagship PGP program students.”

IIM Visakhapatnam Admission Process: Key dates
After the last date of confirmation of interest for IIM Visakhapatnam Admission 2018 is over on April 23, its admission process with PI-WAT will begin on May 21. Before that, all the candidates  shortlisted by IIM Visakhapatnam for PI round will have to submit their application from May 1 to May 11. The key dates for IIM Visakhapatnam admission process are:

Admission 2018 Activity
Date
Reconfirmation of Interest submission starts
April 13, 2018
Reconfirmation of Interest last date
April 23, 2018
Call for Personal Interview
May 1, 2018
Application submission
May 1 to May 11, 2018
Personal Interview Round
May 21, 2018 onwards
Despatch of Admission Offers
June 8, 2018
Programme Registration
July 16, 2018
Orientation programme for PGP 2018-20 batch
July 16 to 21, 2018
Session commencement
July 23, 2018

IIM Visakhapatnam Admission Criteria 2018
IIM Visakhapatnam has divided the admission criteria in three phases. The shortlisting and final admission round will award a reduced weightage of 40% and 25% respectively to CAT 2017 exam score in the admission process.  Higher weightage of 50% to Academics in shortlisting and 40% to PI-WAT in final selection round will play an important role in determination of final merit list at IIM Visakhapatnam.

3 Stage Admission process
The selection process, parameters and weights used are uniform for all categories of applicants in IIM Visakhapatnam admission process 2018. Sufficient candidates will be short listed at each stage in each category to meet the reservation requirement for each group, as applicable. 

Stage-I
The first phase of IIM Visakhapatnam admission process is applied to all eligible candidates who appeared for CAT 2017 and have also applied for IIM Visakhapatnam to determine those qualifying candidates who have been called to reconfirm their interest for admission to PGP 2018-20.

The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT 2017 exam. Candidates obtaining a positive (greater than zero) raw score in all sections of CAT 2017 are only considered. All the subsequent processing, standardization and selection is limited to candidates belonging to this first short list alone.

This means that the CAT 2017 score alone (for candidates who have applied for IIM Visakhapatnam) is used as the basis for arriving at the first short list.

IIM Visakhapatnam Cut Off
IIM Visakhapatnam has already announced cut offs for shortlisting the candidates for final selection round. The CAT score percentile cut-off scores used for first shortlist at IIM Visakhapatnam are:

 
Minimum CAT 2017 percentile for shortlisting, section-wise
Category
Section 1
(VARC)
Section 2
(DILR)
Section 3
(Quant)
Overall
General
85
80
80
90
NC-OBC
75
70
70
80
SC
60
60
60
75
ST
50
50
50
55
DAP
50
50
50
55
QA=Quantitative Ability; DILR=Data Interpretation and Logical Reasoning;  
VARC=Verbal Ability and Reading Comprehension

Stage-II
Only those candidates who meet the minimum CAT 2017 percentiles requirements and have reconfirmed their interest, for admission to PGP 2018-20 of IIM Visakhapatnam will 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.

5 point shortlisting criteria for WAT & PI round
IIM Visakhapatnam will follow 5 point shortlisting criteria for PI round instead of relying only upon the CAT 2017 exam score.

40% weight to CAT 2017 scores
The shortlisting process for WAT & PI round for admission to PGP 2018-20, will award 40% weightage for performance in CAT 2017 exam. The weight is not very high as compared to other components. IIM Visakhapatnam proposes to award this weightage dividing it among all the 3 sections of CAT 2017 exam. 

The 40% weightage for CAT 2017 score is derived from the performance in each of the 3 sections as follows:

CAT 2017 exam section name
Weightage in shortlisting for PI-WAT
Verbal & Reading Comprehension (VRC)  14 points.
14 points
Data Interpretation & Logical Reasoning (DILR)
16 points
Quantitative Aptitude (QA)
10 points
Total
40 points

50% weight to Academics
Weightage for class 10 marks is 20%, for class 12 marks it is 10% and for graduation the weightage is 20%. 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.

 weightage of 20% 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. 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.

Professional course weights for CA/CS only
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% weight for work experience
The 8% weight will be awarded for work experience. 36 months work experience will carry maximum weight. This weight 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 2017, 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% weight to Gender Diversity
Female Candidates will be awarded 2% weigt 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 admission offers.

WAT & PI round: Final shortlist
All the Qualified Confirmed Candidates with the weighted aggregate of all the components namely work experience or professional course; CAT 2017 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}].

Final selection: 40% weight to PI-WAT round
CAT scores are awarded only 25% weight as against PI-WAT & academics which carry 65% weight in final selection round at IIM Visakhapatnam. You may cover your low CAT score with other high weightage parameters. Measuring on a scale of 100, IIM Visakhapatnam has shared following weightage on various components in admission process –

Final selection components
Weightage
Personal Interview (PI)
30
Written Ability Test (WAT)
10
CAT 2017 score
25
10th class board exam
10
12th class board exam
  5
Bachelor’s degree
10
Work experience
10

IIM Visakhapatnam Intake: May increase from 60
IIM Visakhapatnam may increase the intake of 60 students in its PGP 2018-20 batch as most newest IIMs have already increased the intake beyond 100 students.

IIM Visakhapatnam Fee Structure
IIM Visakhapatnam Fee for PGP 2018-20 is Rs. 10.5 lakhs for 2 years. However, as compared to many newest IIMs, who have increased their fee in the range of  Rs. 11.5 to 12.75 lakhs, IIM Visakhapatnam has not increased its fee very high. Leading banks routinely offer educational loans at concessional terms as per Govt. of India guidelines for all IIMs including IIM Visakhapatnam.

IIM Visakhapatnam Final Placements
IIM Visakhapatnam final placement 2018 for its second batch 2016-18 is over with 100% placement at higher compensation packages. Total students eligible for placement were 45 and including PPOs the total number of offers received are 50 from 42 recruiters. 18% of the students received PPO/PPIs.

IIM Visakhapatnam recorded average package for the top quartile offers is Rs. 16.29 Lakhs per annum (LPA), and the top half is Rs. 14.14 LPA. The average package for the batch is Rs. 12.07 LPA while the median stood at Rs. 11.70 LPA.

Major roles offered were Sales & Marketing (44.4%), Consulting (11.1%) and General Management (8.9%). Other key roles included Finance, Analytics and Strategy (each 6.7%), and, Product Management, FinTech and Operations (each 4.4%) and Human Resources (2.3%). 

Top recruiters at IIM Visakhapatnam include Govt of Andhra Pradesh, Sutherland Global Services, Amul, Deloitte, GMR among others.

Hostel facility
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 two separate 5-storey buildings which are 3 KM away from campus with a capacity of 60 students each on a double occupancy basis. Institute provides transportation to students for commuting between the Institute and hostels. All the rooms are air conditioned and furnished.

IIM Visakhapatnam mentored by IIM Bangalore 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.

As stated by 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” the MBA aspirants can negotiate their low CAT score with the help of other key parameters to secure admission in IIM Visakhapatnam.

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

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