IIM Visakhapatnam Admission criteria announced: Reduces CAT 2014 cut-off; introduces higher fee structure

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MBAUniverse.com News Desk |
July 13, 2015
Proposing the highest fee structure for Rs.10.5 lakhs but reducing the CAT 2014 overall percentile cut-off for admission to first PGP 2015-17 batch to 90, the website and admission criteria for the IIM Visakhapatnam have been announced
IIM Visakhapatnam requires a lower overall percentile of 90 but higher percentile of 85 in VALR section in CAT 2014 for admission to first PGP 2015-17 batch as compared to other new IIMs who need 96.3 OA and 80 as sectional

Proposing the highest fee structure for Rs. 10.5 lakhs but reducing the CAT 2014 overall percentile cut-off for admission to first PGP 2015-17 batch to 90, the website and admission criteria for the Indian Institute of Management (IIM) Visakhapatnam have been announced by the mentor IIM Bangalore. Candidates interested to take admission at IIM Visakhapatnam have to confirm their interest on mail latest by July 20, 2015.

Classes for IIM Visakhapatnam are proposed to begin in the month of September 2015 in the Andhra University Campus. There is no information on the IIM Visakhapatnam website in regard to proposed intake in the first PGP 2015-17 batch although IIM Bangalore has shared with MBAUniverse.com that they will be starting in the first year with one section of around 70 students at IIM Visakhapatnam.

Out of the proposed 6 new IIMs, IIM Visakhapatnam is the last IIM to share the official information in public domain regarding the admission process and criteria on its website. Among the proposed 6 new IIMs, IIM Visakhapatnam has the highest fee structure of Rs.10.5 lakhs. The mentor IIMB has announced the shortlisting and selection process for the admission at IIM Visakhapatnam in Andhra Pradesh. The shortlisted candidates have been asked to reconfirm their interest at IIM Visakhapatnam for admission to the first batch of PGP 2015-17 by July 20, 2015.

The foundation stone for the permanent campus of IIM Visakhapatnam was laid by Union Minister for Human Resource Development Smriti Irani on January 17, 2015 at Gambiram village, about 25 km from Visakhapatnam. Since it would take a few years for the campus to be ready in the meantime classes will be conducted from Andhra University campus from the 2015-16 academic year.+

IIM Visakhapatnam was announced as the 14th IIM of the country by the HRD Minister but it took much time for MHRD to send certain approvals due to which IIM Visakhapatnam has become the 19th IIM to launch its website and admission criteria delaying the academic session by 2 months. Although IIM Visakhapatnam could be the 14th IIM as per the Budget 2014 announcement, it becomes the 19th IIM after IIM Nagpur (14th IIM); IIM Sirmaur (15th IIM); IIM BodhGaya (16th IIM); IIM Amritsar (17th IIM); IIM Sambalpur (18th IIM) whose admission process and websites were launched earlier.

IIM Visakhapatnam website specifically mentions all about the proposed beginning of the first batch at the IIM with proposed selection criteria, infrastructure, fee structure and faculty arrangement from IIM Bangalore which is expected to continue till next 3 years, thereby giving the best learning experience from IIM Bangalore to the students of IIM Visakhapatnam.

Intake of 70 students at IIM V
IIM B the mentor to IIM Visakhapatnam had shared with MBAUniverse.com that the proposed intake at IIMV will be around 70 students. However, the admission policy of IIM Visakhapatnam as published on its website does not have any mention of this fact.

Confirm interest at IIMV by July 20
The website of IIM Visakhapatnam www.iimv.ac.in has categorically specified important dates for the first phase of selection process of PGP 2015-17 admission. Candidates desirous of seeking admission opportunity to IIM Visakhapatnam should meticulously adhere to these deadlines.

E-mail to the shortlisted candidates as per the eligibility criteria for admission to PGP 2015-17 batch at IIM Visakhapatnam have already been sent asking them to reconfirm their interest at IIMV. Those interested to take admission at IIMV should re-confirm their interest on mail. Registration and verification process for IIM Visakhapatnam has opened on July 10, 2015 and will close on July 20, 2015. If you fulfill the admission criteria for admission to IIM Visakhapatnam and wish to be considered for admission, you are supposed to confirm your candidature by login to IIM Visakhapatnam website in the admission section with your CAT 2014 registration number and email id.

The already registered candidates for IIM Andhra in CAT 2014 have been asked to confirm their interest for admission to PGP at IIM Visakhapatnam. It has been considered necessary as in CAT-2014, when candidates applied they had expressed their interest in IIM in Andhra Pradesh. Now, the location is known to be Visakhapatnam. Further, during the time that has passed, many applicants may have already confirmed other options for admissions. Given the relatively short time available for IIM Visakhapatnam admissions, the institute would not like to spend time on candidates who are no longer interested in IIM Visakhapatnam.

The admission offers in each IIM are independent of others and therefore accepting or rejecting an offer from any other IIM will not affect chances in IIM Visakhapatnam, or vice versa.

Different shortlisting & selection Criteria
The shortlisting Criteria for eligibility to be considered for admission to Post Graduate Programme in Management, 2015-17 based on CAT 2014 cut off at IIM Visakhapatnam has reduced the requirement of overall percentile but has requires higher sectional scores. Candidates not meeting the eligibility criteria will not receive any communication.

Please note that eligible candidates who do not reconfirm their interest in admission to IIM Visakhapatnam by July 20, 2015, shall be excluded from being considered for admission to IIM Visakhapatnam for the 2015-17 batch.

The proposed shortlisting criteria for IIM Visakhapatnam is slightly different as adopted by other proposed 5 IIMs whose admission criteria have also been announced.

Minimum CAT-2014 Percentile for the first shortlist (2015)*

Category

SEC 1 (QDI)

SEC 2 (VLR)

Aggregate

General Merit

80

85

90

NC-OBC

70

75

80

SC

60

60

75

ST

50

50

65

DA

50

50

65

* These cut-offs are not for admission offers whose scores could be much higher.

IIM Visakhapatnam requires a lower overall percentile of 90 but higher percentile of 85 in VALR section in CAT 2014 for admission to first PGP 2015-17 batch as compared to other new IIMs who need 96.3 OA and 80 as sectional. All the other new IIMs namely IIM Nagpur, Sirmaur, Amritsar, Bodh Gaya, Sambalpur have prescribed overall minimum CAT 2014 percentile as 96.3  and sectional cut-off percentile as 80.

Although CAT 2014 is the sole criterion to shortlist the candidates for the first PGP 2015-17 batch at each of the proposed 6 new IIMs including IIM Visakhapatnam, the emphasis in the admission process at IIM Visakhapatnam is on excellent academics. Sharing the information IIM Bangalore, the mentor to IIM Visakhapatnam states ‘Since IIMV follows a comprehensive multi-criteria process, it is able to identify many candidates who have an excellent academic record and work experience but who, while doing well enough in the CAT to be in the first shortlist, may have narrowly missed the high score that would have been required if CAT alone was the basis for admissions. Such candidates effectively replace candidates who have only a high CAT score but score poorly in terms of their past academic record and work experience. IIMV emphasizes consistent and high performance in past academics.’

Admission Offers: Schedule of dates

IIM Visakhapatnam proposes following schedule to offer admissions for its maiden PGP 2015-17 batch to the candidates-

Event*

Date

Acceptance/Confirmation
On website

Acceptance to be received by

Admission offers Round 1

24 July 2015

28 July 2015

1 August 2015

Admission offers Round 2

29 July 2015

3 August 2015

 7 August 2015

Admission offers Round 3 (if reqd)

4 August 2015

7 August 2015

12 August 2015

Admission offers Round 4 (if reqd)

8 August 2015

12 August 2015

17 August 2015

Admission offers Round 5 (if reqd)

13 August 2015

17 August 2015

20 August 2015

Admission offers Round 6 (if reqd)

18 August 2015

21 August 2015

25 August 2015

*Only those candidates who have been shortlisted / selected will be intimated by e-mail, with all the details.

IIM Visakhapatnam: Fee structure
The tuition fee for IIM Visakhapatnam is going to be Rs. 10.5 lakhs for 2 years. It is the highest fee structure among the 6 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.

Faculty from IIM Bangalore
IIM Bangalore one of the top rated B schools in the country, will mentor all activities at IIM Visakhapatnam till it moves to its permanent campus (about 3 years later), or IIM Visakhapatnam is able to handle these activities entirely on its own, whichever is earlier. During the mentorship period and while IIM Visakhapatnam's own faculty are recruited, faculty members from IIM Bangalore will be delivering courses at IIM Visakhapatnam.

This may include a few visiting faculty selected by IIM Bangalore to meet their exacting standards. The overall design, quality and delivery of PGP will be to the standards and with direct involvement of IIM Bangalore. Candidates going to join IIM Visakhapatnam should expect to see some of the best faculty members in the country today.

Off Campus Hostel accommodation
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. Confirming this IIM Visakhapatnam states ‘There is no hostel facility on the temporary campus. Therefore, off-campus hostel facility will be arranged for all students.’

Proposed placement at IIM Visakhapatnam
IIM Bangalore proposes to carry forward its legacy in placement at IIM Visakhapatnam. According to IIMB, ‘IIM Bangalore’s Career Development Services (CDS) Office will oversee placements of IIM Visakhapatnam during the mentorship period.’ 

The students at IIM Visakhapatnam in the first and subsequent PGP batches can hope for a very good placement as happened at IIM Bangalore with high placement packages the students have received in 2015.
Sharing all about the prospective students’ queries IIM Visakhapatnam has formed an FAQ section and has responded on all the admission related and other queries.

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IIM Visakhapatnam intake reduced; Only 45 to get admission in MBA/PGP 2015; session to begin in Aug

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