IIM Indore Admission 2024: Revamps Criteria; CAT Cut off & Weightage Reduced; Check Criteria, Eligibility, Fees, Placements, Selection process

IIM Indore MBA Admission 2024 process is revamped. IIM Indore will focus more on improving the academic and gender diversity in its class rooms. For MBA admission 2024, IIM Indore will award 20% weightage to CAT 2023 score and high weightage of 74% to the Class X and XII marks in shortlisting the candidates for final selection round for the MBA and MBA HR 2024-26 batch. While last year, IIM Indore did not conduct Writing Ability Test (WAT), it is expected that WAT round in final selection will be restored with a good weightage in IIM Indore MBA admission 2024. After implementation of IIM Act 2017, the PGP students at IIM Indore are awarded MBA degree instead of diploma. IIM Indore MBA programs are offered at its two campuses - Indore and Mumbai to meet diverse needs for management education.

IIM Indore accepts only score of Common Admission Test, conducted by IIMs. Accordingly, for IIM Indore MBA admission 2024, applicants are required to qualify in CAT 2023 with minimum required sectional and overall percentile. Overseas candidates may however, apply with GMAT scores. The minimum requirement to qualify for shortlisting process for PI round is CAT 2023 sectional score of 80 percentile and 90 overall percentile. IIM Indore is the only among the 20 IIMs which awards such a high weightage to academics in shortlisting criteria. The very purpose of keeping the CAT 2023 score weightage low is to improve the academic and gender diversity in IIM Indore Classrooms.

IIM Indore MBA admission is through CAT 2023 which is scheduled on Nov 26, 2023. Read below all the key changes in IIM Indore MBA admission criteria 2024, key USPs of IIM Indore, cut offs, programs offered, Fees, Placements and more  

Table of Contents

1. IIM Indore Admission 2024: Key Changes
2. IIM Indore: Key Highlights and USPs
3. IIM Indore Leadership
4. IIM Indore MBA Programs: Key Highlights, Specializations offered
5. IIM Indore Fees 
6. IIM Indore Seats
7. IIM Indore Placements 2023
8. IIM Indore Eligibility criteria 2024
9. IIM Indore Admission Application Process 2024: How to Apply?
10. IIM Indore Admission 2024-25 Academic Session: Important Dates
11. IIM Indore Cut off
12. IIM Indore Admission Criteria 2024: Exam Accepted, Selection Process
13. IIM Indore Admission 2024: Step by Step Process

1. IIM Indore Admission 2024-25: Key Changes
Important changes in shortlisting and final selection criteria for admission 2024 at IIM Indore are:

1.1 Key Changes in IIM Indore Shortlisting Criteria

• Only 20% weightage goes to CAT 2023 score in shortlisting as well as in generating final merit list after PI Round
• 74% Weightage goes to academic performance in class 10 & 12 in shortlisting for PI
• 6% Weight to Diversity factor

1.2 Key Changes in IIM Indore Final Selection Criteria

• Maximum Weight of 40% is awarded to PI in Final Merit List Generation
• WAT Round likely to be restored in final selection round

2. IIM Indore: Key Highlights and USPs

• 2.1 Triple Crowned with Three International Accreditations: IIM Indore is the triple crowned IIM and is the 2^nd IIM to achieve this rare feat after IIM Calcutta. IIM Indore has earned three renowned international accreditations- AACSB (Association to Advance Collegiate Schools of Business); EQUIS (EFMD Quality Improvement System) and Association of MBAs, London (AMBA—UK based accreditation agency)
• 2.2 Highly Ranked: IIM Indore is one of the top ranked management institutes in India. In the Govt. of India, MHRD NIRF Ranking 2023, IIM Indore is ranked # 8 among top 125 Management Institutes. IIM Indore is also ranked #8 in MBAUniverse.com B-School Rankings 2023 among top management institutes in India
• 2.3 Awards MBA Degree instead of Diploma: IIM Indore is now empowered with the legal authority to award MBA degrees. The MBA programme is also recognized by the AIU
• 2.4 High Intake: IIM Indore admits more than 650 students every year in its different Management programs including MBA, MBA-HRM, IPM 4^th year students joining MBA, Doctoral Programme. The largest batch of 659 students has been admitted in 2023
• 2.5 IIM Indore Fee: IIM Indore has increased its fee for PGP program to Rs.21,17,222
• 2.6 High placements: IIM Indore has a consistent record of 100% placements with high salary packages. Average salary in Placement 2023 has gone up by 21% at Rs.30.21 LPA in 2023 from Rs. 25.01 LPA in 2022. The highest salary in Placements 2023 has gone up by 132% at Rs.1.14 Cr from Rs.49 LPA in 2022.
• 2.7 Diverse Specializations: IIM Indore offers nine specialization areas to choose from, namely Economics, Finance & Accounting, Information systems, Marketing, Organization behavior & Human Resources, Operation management & Quantitative Techniques, Strategy, Communications, Humanities & Social Sciences
• 2.8 Wide Range of Co-Curricular Activities: IIM Indore students participate in a wide range of extra and co-curricular activities which include IRIS (The Annual Management & Cultural Festival) and Utsaha (Rural Marketing Fair)
• 2.9 International Exchange: IIM Indore has exchange tie-ups with several prestigious international business schools. A large number of students visit these business schools and complete one semester there
• 2.10 Himalaya Outbound Programme: IIM Indore conducts Himalaya outbound programme for PGP-II students.  While participants are adequately prepared for a corporate career, their ability to motivate themselves to perform in an unfamiliar ambience and work as a team is enhanced by encouraging them to undergo an outbound exercise and simulation conducted in serene locations at various altitudes in the Himalayas
• 2.11 Rural Immersion: Rural immersion programme is conducted to enable the participants to understand the social context in which organizations work and exist. An exposure to the rural settings of Madhya Pradesh is included in the course design
• 2.12 Experiential Learning with Industry Engagement: Students visit a company once a week in the first year of the Programme. They are required to carry out a study on various industries and key players in the industry. This enhances their exposure to organizations and provides them a backdrop for analyzing the managerial contexts of different cases. The second year of the new curriculum features a large number of domain concentrations which consist of both regular courses taught by industry faculty and workshop courses taught by industry practitioners.
• 2.13 Unique Programme Structure: A unique matrix based structure for PGP-II wherein participants take 10% credits in ‘Industry Vertical Courses’ and 10% credits in ‘Functional Area Courses’ in addition to the general management credits.  
• 2.14 Skill Development: Skill Development Courses including Communication, Leadership, Spreadsheet Modeling, Entrepreneurial Orientation, Innovation and Design Thinking and Sustainability are taught in a workshop-based format
• 2.15 Accomplished Faculty with Professors of Practice: IIM Indore has 85+ well-qualified internal faculty complemented by carefully selected adjunct faculty with considerable industry or domain expertise. An initiative to blend theory and practice is the hiring of professors of practice, which allows industry professionals with 15-20 years of experience to become a part of the IIM Indore full-time faculty. These professors of practice are already making a difference with case-writing projects on SBI, Godrej and BHEL, and a new consulting practicum to be offered in the second-year PGP
• 2.16 Participant Centered Approach: IIM Indore offers participant-centered approach to management education. Till now, 25 IIM Indore faculty members have been deputed for Participant-Centered Learning Programme at Harvard Business School
• 2.17 Infrastructure with all Facilities: The Institute provides excellent physical infrastructure for academics, residence and extra-curricular activities as well

3. IIM Indore Leadership
IIM Indore is led by its Director, Prof. Himanshu Rai, who took charge as the Director of IIM Indore on December 31, 2018. Prior to this he taught at IIM Lucknow. Before that he was the Dean, MISB Bocconi (India Campus of Bocconi, Milan). Professor Rai is an alumnus of IIM, Ahmedabad (IIMA). His core area is Human Resource Management. He has earlier taught in the HR area at XLRI Jamshedpur and had worked over 8 years at Tata Steel where he played a pivotal role in developing Quality Systems and the Communication Policy for the Company. Prof Rai conducts training programmes and workshops for executives as well as bureaucrats and has trained over 20,000 professionals. He has helped Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussoorie to develop a training module on “Ethics and Anti-Corruption Strategies” for all Indian Administrative Services officers across career phases. He provides strategic consultancy to the Government of India and has audited programs sponsored by the Planning Commission of India. 

 4. IIM Indore MBA Programs: Key Highlights, Specializations offered
Following key management programmes are offered by IIM Indore

4.1 PGP Programme Highlights
The two-year Post-graduate Programme in Management (PGP) at IIM Indore is a full-time residential course for graduates from all disciplines who wish to choose a career in management. The PGP Programme at IIM Indore is highly ranked one. With the enactment of “The Indian Institutes of Management Act, 2017”on January 24, 2017, IIM Indore is now empowered with the legal authority to award MBA degrees. The programme is also recognized by the Association of Indian Universities and is considered equivalent to the M.B.A. Degree.

4.1 PGP Program Specializations: 9 Areas to Choose From
In the second year of PGP, electives give participants a deeper understanding of different functional areas and enable them to specialize in areas of their choice. The participants are encouraged to select courses in specific domains such as Analytics, Ecom./IT/ITES, BFS, FMCG, Insurance and Infrastructure. The emphasis is on the application of knowledge gained, in the form of projects, group exercises and case discussions. Guest lectures and workshops further enrich their learning.

IIM Indore offers wide range of specializations to choose from the nine management areas viz. Economics, Finance & Accounting, Information systems, Marketing, Organization behavior & Human Resources, Operation management & Quantitative Techniques, Strategy, Communications, Humanities & Social Sciences.

5. IIM Indore Fees

5.1 Post Graduate Programme in Management (PGP)

• The total programme fees payable by PGP students of Resident Indian Category at IIM Indore is Rs 21,17,222. The Fee for NRI candidates is Rs.31,17,222.
• The course fee includes access to lectures, computer facilities, library etc. It also includes alumni fee and lodging
• Laptop computer, text books, Hostel Fees, Insurance, personal expenses on boarding, travel, clothes and laundry are extra.

5.2 Post Graduate Programme in Human Resource Management (PGP-HRM)

• The total programme fees payable by PGP-HRM students at IIM Indore is Rs 18,42,222/-.
• The course fee includes access to lectures, computer facilities, library etc. It also includes alumni fee and lodging
• Laptop computer, text books, Hostel Fees, Insurance, personal expenses on boarding, travel, clothes and laundry are extra.
• The total programme fees for the 2024-2026 batch may increase further

6. IIM Indore Intake
IIM Indore seats are more than 600 at its Indore campus and around 100 candidates are offered admission at its Mumbai campus. The proposed Intake is as under:

7. IIM Indore Placements 2023
Indian Institute of Management (IIM), Indore successfully completed final placement 2023 for its large batch of 568 participating students from the 2 Year flagship Post Graduate Program (PGP) 2021-23 and 5-year Integrated Program in Management (IPM) 2018-23 program. 160 recruiters rolled out offers to 568 students from the two-year Post Graduate Programme (PGP) and five year Integrated Programme in Management (IPM). In a first, IIM Indore student has registered the highest domestic package offered at Rs. 1.14 crores per annum, witnessing an exponential rise of 132.6% from the previous year. The average compensation has registered 20.8% increase and has gone up at Rs.30.21 LPA in placement 2023 from Rs.25.01 LPA last year. The median compensation has also gone up by 12.9% at Rs.27.20 LPA as compared to Rs.24.09 LPA last year.

IIM Indore Placement 2023: Key Highlights

• Achieves again 100% Placement for the large batch of 568 students
• IIM Indore conducted Placement 2023 both for 2 Years PGP and 5 years IPM batch
• Highest Domestic Salary has broken previous records with 132.6% rise
• In Placement 2023, Highest Domestic Salary has gone up at Rs.1.14 Cr Per Annum from Rs.49 LPA last year
• Average Salary goes up by 20.8% at Rs.30.21 LPA in Placement 2023, from Rs.25.01 LPA last year
• Median Salary in Placement 2023 has gone up by 12.9% at Rs.27.20 LPA from Rs.24.09 LPA last year
• 160 Recruiters including 80 first time recruiters participated in Placement 2023
• Consulting with 29% offers emerged as top Recruiting domain
• Top Recruiters include Accenture, Bain & Company, BCG, Deloitte, E&Y, GEP, HCL Tech, Infosys, Kearney, KPMG, McKinsey, PwC, Axis Bank, Bank Of America, Barclays, CITI Bank, Credit Suisse, Goldman Sachs, HDFC Bank, ICICI Bank, JSW, Kotak Mahindra Bank

Read More about IIM Indore Placements

8. IIM Indore Eligibility criteria 2024

• 8.1 IIM Indore Eligibility criteria for PGP admission 2024-26 is changed for the applicants who did graduation in 2019 and before and for the candidates who did graduation in 2020 or after:
• 8.1.1 For the candidates who graduated in the AY 2019 or before: Completed Bachelor’s degree with at least 50% marks or equivalent CGPA (45% in the case of candidates belonging to the SC/ST/PwD Category)
• 8.1.2 For the candidates graduated in the AY year 2020 or after: Completed Bachelor’s degree with “promotion/pass” instead of “award of marks”. Considering that there could be different evaluation patterns adopted by different universities across the country (during academic year 2021 and 2022) due to covid-19 pandemic, the candidates with “promotion/pass” instead of “award of marks” certificates are eligible to apply. This eligibility relaxation is also applicable to those candidates who were final year students with “award” of marks.
• 8.2 One of the most important points in IIM Indore Admission Eligibility criteria is that apart from a recognized graduate degree, the candidate should appear in CAT 2023 exam and must score minimum prescribed sectional and overall score to become eligible for admission
• 8.3 If the candidate is awarded grades/CGPA instead of marks, the equivalence to determine PGP admission eligibility would be based on the equivalence certified by the institution/university from where the bachelor's degree is obtained. In case the institution/university does not have any scheme for converting the CGPA into equivalent marks, the equivalence would be established by IIM Indore by dividing the obtained CGPA by the maximum possible CGPA and multiplying the resultant by 100 to confirm the Admission eligibility of the candidate. 
• 8.4 A candidate appearing for the final year bachelor's degree/equivalent qualification examination and those who have completed the degree requirements and are awaiting results is also eligible to apply for IIM Indore Admission 2024. Such a candidate must produce a certificate from the principal/head of the department/ registrar/director of the institution/university certifying that the candidate is currently in the final year or is awaiting final results and has obtained at least 50% marks or equivalent (45% in case of the candidate belonging to SC/ST/PwD category) based on latest available grades/marks.
• 8.5 IIM Indore Eligibility further clarifies that such a candidate, if selected, will not be eligible for the IIM Indore admission unless he/she submits a certificate latest by June 30, 2024 from the principal/head of the department/registrar/director of the institution/university (issued on or before June 30, 2024) stating that they have completed all the requirements (the result may, however, be awaited) for obtaining the bachelor's degree/equivalent qualification on the date of issue of the certificate.
• 8.6 It is mandatory for a final year student, who is provisionally considered eligible by IIM Indore and offered admission, to submit the mark-sheet and degree certificate of the final year bachelor's degree examination held on or before June 30, 2024.  The deadline to submit the mark-sheet and the certificate is December 31, 2024. 

9. IIM Indore Admission Application Process 2024: How to Apply?
Application process for admission at IIM Indore opens with the start of CAT 2023 registration process from August 2023 first week. Candidates have to apply for CAT 2023 by the last date. Check below the key points in IIM Indore admission application process:

• IIM Indore Last Date to apply is same as the last date for CAT registration
• CAT 2023 Registration Fee includes the IIM Indore Application Fees
• On the page 4 of CAT 2023 application form, you need to select IIM Indore PGP, PGP-HRM and other programs and had to select the interview city
• After declaration of CAT 2023 exam result, you can check at IIM Indore website whether you are shortlisted by entering your CAT 2023 registration ID and password

9.1 IIM Indore Application Fees
There is no separate IIM Indore application fees. CAT 2023 registration & Application fee includes the IIM Indore application fee as detailed below

10. IIM Indore Admission 2024: Important Dates
IIM Indore Admission process 2024 starts with the opening of CAT 2023 registration.  Important dates related to admission activities at IIM Indore are as below:

11. IIM Indore Cut off
IIM Indore is the front runner in drastically reducing the weightage to CAT 2023 exam score in its admission process. The move will attract more candidates with excellent academic profile below graduation than only focusing on the CAT 2023 scores. IIM Indore Cutoff  2024 has been liberalised for admission. Only the candidates above the minimum cut-offs in the CAT 2023 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2023 will be considered for all the subsequent stages.

With CAT 2023 score requirement reduced to 90 percentile, IIM Indore cut off for admission 2024 for each section is also reduced to 80%ile. IIM Indore will award only 20% weightage to CAT 2023 scores and 74% weight to Class 10 & 12 marks. Rest goes to other parameters in shortlisting at PI stage.

12. IIM Indore Admission Criteria 2024: Exam Accepted, Selection Process
IIM Indore admission criteria 2024 for PGP and PGP-HRM programmes award higher importance to academics and communication skills of the candidates instead of merely on CAT 2024 exam scores. IIM Indore Admission Criteria 2024, on the one hand prescribe a lower CAT 2023 cut off and low weightage for CAT score in first stage shortlisting as well as in final selection process, on the other hand it awards higher weightage to academic profile in the shortlisting process for PI round. 

 The candidates who have indicated their interest for PGP at IIM Indore, while applying for CAT 2023 will also be considered for PGP-HRM admission by IIM Indore. IIM Indore Admission Criteria 2024 is a Two Step process. The two stages of selection criteria are:

• Stage-1: IIM Indore Shortlisting Criteria: Key Components, Weightages
• Stage-2: IIM Indore Final Selection criteria: Components, Weightages

Stage-1: IIM Indore Shortlisting Criteria
IM Indore shortlisting criteria before final selection round, considers CAT 2023 score, past academic performance, and other criteria as under:

• The shortlisting for final selection round in IIM Indore Admission Criteria awards 20% weight to CAT 2023 score, 74% weight to Academics and 6% to Diversity
• The candidate must have scored minimum sectional percentile of 80 in each of the three sections of CAT 2022 – Quantitative Aptitude' (QA), ‘Data Interpretation & Logical Reasoning' (DILR) and ‘Verbal and Reading Comprehension' (VRC)
• A candidate must have scored minimum overall percentile of 90 in CAT 2023
• If the candidate does not score minimum prescribed percentile in CAT 2023, he/she will not be considered for shortlisting for final selection stage.
• The candidate with excellent academics will be awarded higher points in shortlisting criteria
•  85% & Above marks in Class 10 will be awarded top rating of 34 points out of 100.
• For Class 12 also 85% and above marks will be awarded 40 points out of 100.
• No Weightage will be awarded for Bachelor’s degree marks.
• Gender Diversity will be awarded 6 points out of 100 in the IIM Indore shortlisting criteria for final admission round.
• All the Candidates shortlisted for PI will have to attend both Personal Interview on designated date and venue, failing which they will be not be considered for the final admission

IIM Indore Shortlisting Components & Weights
IIM Indore will shortlist the candidates for PI stage on the basis of composite scores which will be arrived at by accounting for the academic profile also. The Composite Score therefore is calculated on the basis of CAT 2023 score, academic scores, and gender diversity. There is no weightage to the academic scores beyond class 12. Candidates scoring 85+ percent marks can get a good weightage in the computation of composite scores:

* Composite Score = Sum of the above scores (Max 100) is the formula to arrive at the maximum score to check whether you would be shortlisted by IIM Indore after CAT 2023 result is announced in the first week of January 2024.  Please note that Zcandidate, Zmin, Zmax for 10th and 12th Standard are computed using the normalisation process.

Please also note that after declaration of shortlist, IIM Indore will not send any individual regret letter to applicants who are not shortlisted for PI.

Stage-2: IIM Indore Final Selection Criteria

• All the shortlisted candidates are eligible to participate in Final selection round for admission to IIM Indore
• IIM Indore selection criteria after final admission round award 40% weight to Personal Interview (PI); No weight to Writing Ability Test (WAT); 20% Weight to Class 10 & 12 Marks; and 20% weight to CAT 2023 overall Score.

IIM Indore Final Selection Criteria Weights for Admission 2024

Important Note on PI Round

• Written Ability Test weightage is yet to be announced for admission 2024. No WAT was conducted last year due to Pandemic.
• Candidates short-listed for PI will be intimated in the month of January 2024
• Candidates shortlisted for PI at Stage-II will have to attend the Personal Interview, failing which they will not be considered for the next stage of selection process
• IIM Indore expects a consistent and minimum performance in the different parameters of Personal Interview (PI), which will be decided by Admissions Committee
• Candidates not meeting the minimum performance in any of PI parameters will not be considered for the next stage of selection process

13. IIM Indore Admission 2024: Step by Step Process
Following steps are included in the IIM Indore Admission process:

• Step 1: The candidate must have appeared and scored the minimum required sectional and overall percentile in CAT 2023 to be considered for first stage screening process for admission at IIM Indore
• Step 2: Candidates are short-listed for Personal Interview (PI) from among the candidates who have a valid CAT-2023 score, who have applied to the programme and who satisfy the eligibility criteria for the programme of IIM Indore. The PI round will be conducted at Bangalore, Chennai, Delhi, Guwahati, Hyderabad, Indore, Kolkata, Lucknow and Mumbai.  
• Step 3: Shortlisted Candidates have to attend PI round in final selection process. IIM Indore also expects a consistent and minimum performance in the different parameters of Personal Interview (PI), which will be decided by Admissions Committee. Candidates not meeting the minimum performance in any of PI parameters will not be considered for the final selection.
• Step 4: After the PI round, admission offers are made by IIM Indore to successful candidates. The final selection is based on a diverse set of attributes which includes performance in CAT, performance in PI, academics, among others. Category wise merit list will be generated based on Final Composite Score
• Step 5: Final Admission Offer will be made to the candidates in the last week of April 2024 on the basis of Final Score arrived after awarding the weightage scores on all the components.

Those who have not yet completed their bachelor’s degree or are not in their final year either, have to wait and should apply for IIM Indore admission 2025. For the last 2-3 years IIM Indore admission policy has remained on same lines and it is expected that the IIM Indore admission 2025 process will remain on similar lines as this year. IIM Indore conducts admission interviews in Bangalore, Chennai, Hyderabad, Indore, Kolkata, Mumbai, and New Delhi only.

Apart from flagship 2 years full time Post Graduate Programme in Management(PGP) at its Indore and Mumbai campus and 2 years full time PGP-HRM programme, IIM Indore offers - Fellow Programme in Management (FPM); FPM Industry; Executive PGP(EPGP);  EPGP-E-Governance; 5 year integrated programme in Management. A few other MDP and certificate programmes are also conducted by IIM Indore.

Established in 1996, IIM Indore is the sixth in the family of 20 Indian Institutes of Management. Since its inception, IIM Indore has been acting as a leader in the field of management education, interfacing with the industry, government sector and PSUs. IIM Indore is registered as a Society under Societies Registration Act, 1973.

Hope you found this article on IIM Indore quite useful to decide on MBA admission 2024. IIM Indore  admission application process through CAT 2023 opens in August 2023. Read More

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

Check IIM Admission 2023 Latest Selection Criteria, Cut Offs, Rankings, Placements

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