IIM Nagpur: PGP 2016 admission offers in May 1st week; session begins June 2016

Add Review

MBAUniverse.com News Desk |
April 30, 2016
IIM Nagpur will issue the provisional admission offers to the selected candidates by the end of first week of May 2016 and the candidates need to confirm about their acceptance by May 13, 2016
IIM Nagpur has successfully concluded its 100% summer placement for all 53 participating students and has proposed to begin the 2016-17 academic session in the 3rd week of June 2016

Announcing the schedule of admission for PGP 2016-18 batch, IIM Nagpur has clarified that it will issue the provisional admission offers to the selected candidates by the end of first week of May 2016. The candidates need to confirm on IIM Nagpur website about their acceptance latest by May 13, 2016. IIM Nagpur has successfully concluded its 100% summer placement for all 53 participating students and has proposed to begin the 2016-17 academic session in the 3rd week of June 2016.

This will be the first lot of admission offers to the selected candidates. Only the candidates who have been selected will receive an e-mail containing a provisional admission offer and next steps to be followed but there will not be any communication to the other candidates.

CAT 2015 scores: Sole shortlisting criterion
IIM Nagpur announcing its admission policy had shared that the CAT-2015 score is the single criterion used as the basis for arriving at the first short-list.

Pay commitment fee by May 16
IIM Nagpur has also made it clear that the Acceptance letter and Demand Draft for commitment Fee must reach the institute by May 16, 2016. The commitment fee to be paid while confirming admission at IIM Nagpur, is proposed to be Rs.50000/- although exact amount of the same will be shared in the admission offer.

Confirm Interest
If you have not confirmed your interest in IIM Nagpur, you will not receive any admission offer. The mail to confirm interest in IIM Nagpur was sent to the shortlisted candidates. Those who have confirmed their interest were selected for further admission process.

Since many candidates marked a large number of institutes in the CAT 2015 application, their preferences have changed after declaration of result when they were shortlisted by number of institutes. Besides, candidate’s actual CAT score, number of interview calls received, maturation of personal preferences have also played an important role while choosing the B-school.

Given the relatively short time in which the admission process happens, the institute would not like to spend time on people who are no longer interested in IIM Nagpur for any reason.

Check you Admission status
IIM Nagpur has enabled on its site the facility to check your admission status before issuing the admission offer.

Fee structure
Fee is one of the important criteria before finalizing admission to a B-school. You will have to shell out Rs.10 lakhs as 2 years fee to pursue PGP 2016-18 at IIM Nagpur. In comparison to older IIMs and other top rated B-schools who have a fee structure between 14 to 20 lakhs, the fee at IIM Nagpur can be considered reasonable.

Sharing its fee structure IIM Nagpur clarifies “The tuition fees for IIM Nagpur are going to be around Rs. 10 lakhs for two years. Exact amount and details of breakup will be given in the admission offer. Leading banks routinely offer educational loans at concessional terms as per Govt. of India guidelines for all IIMs including IIM Nagpur.”

Intake remains at 60
IIM Nagpur does not propose to increase the intake from 60 students even for its second PGP batch although it was decided in the Union Cabinet Meeting held on June 24, 2015 that the new IIMs should have an intake of 140 students each. It appears that the intake has been kept at the last year’s level due to the fact that not even 60 students preferred to go for IIM Nagpur in its maiden batch. The current strength of the first batch at IIM Nagpur is 55 students, 5 short of the intake.

Summer Placement 2016 over at IIMN
IIM Nagpur has successfully completed its summer placement for the first batch of PGP 2015-2017 and all PGP participants have started their internships by now.

There were many interested companies offering summer placement to the IIM Nagpur students. But out of them only 24 companies from different domains were able to get summer interns from the limited pool of 53 participants available for summer placements.

Companies that made offers include Axis Bank, Calderys, CIIE@IIMA, Excellon, Exide Life Insurance, KPMG, Maharashtra Government (including the Chief Minister's Office), Maharashtra State Skill Development Society, Oyo Rooms, Panasonic, Persistent, Taxi for Sure, TCS, Technopak, Tega Industries, Voonik, Yes Bank and several fast growing SMEs & start-ups. The list excludes companies that participated, but where PGP participants did not go for their internships.

This year, locations for summer internship are at Agra, Ahmedabad, Bangalore, Goa, Gurgaon, Hyderabad, Indore, Jaipur, Kolkata, Mumbai, Nagpur, Pune and Vadodara.

IIM Nagpur is temporarily located within the campus of VNIT, Nagpur. It will operate from its transit campus, till it moves to its own campus (of approx 200 acres) in about 3 years time. IIM Ahmedabad will mentor all activities at IIM Nagpur till it moves to its permanent campus or IIM Nagpur is able to handle these activities entirely on its own, whichever is earlier. Since recruiting full-time faculty is a fairly long process, during the mentorship period and while IIM Nagpur's own faculty are recruited, faculty members from IIM Ahmedabad will be delivering courses at IIM Nagpur.

The overall design, quality and delivery of PGP will be to the standards and with direct involvement of IIM Ahmeadabad. Candidates going to join IIM Nagpur should expect to see some of the best faculty members in the country today.

Related Article

IIM Nagpur admission 2016: Available with 90 percentile in CAT 2015; shortlist in April no GD PI proposed

IIM Nagpur declares admission result; PI not a part of final selection; 1857 seeking admission to 60 seats

IIM Nagpur first batch poised for great learning & placement; gets overwhelming admission seekers

IIM Nagpur declares short listing criteria for first batch: Mentor IIM Ahmedabad launches website

IIM Ahmedabad faculty at IIM Nagpur; classes for first batch of 60 students to commence in July 2015

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