IIM Visakhapatnam Admission 2021: High RoI B-School with Moderate Cut off; Check Eligibility, Criteria, Fees, Placements, key Changes in Selection Process

close

MBA/PGDM Admission 2021 - Check Last Dates

IMI New Delhi, PGDM Admissions 2021
Jan 27
MICA, PGDM-C Admissions 2021 Open
Jan 21
IMT Ghaziabad Common Admissions 2021 Jan 30 APPLY NOW
IM-Nirma University MBA Admissions 2021
Jan 25
FORE School of Management Admission
Jan 25 APPLY NOW
TAPMI Manipal, PGDM Admissions 2021
Jan 22
SDA Bocconi Asia Center, IMB Batch-2021-23
Open
IRMA Anand, PGDM(RM) Admissions Open
Open
K J Somaiya, MBA Admissions Open 2021
Open
BIMTECH Greater Noida, PGDM Admissions Open APPLY NOW
SDMIMD Mysore, PGDM Admissions 2021 Open APPLY NOW
MBAUniverse.com News Desk |
December 25, 2020
IIM Visakhapatnam, a New Generation IIM with high RoI is turning to be a Trend Setter. The B-school has announced complete schedule for MBA admission 2021 with reduced CAT 2020 cut offs and weightage. The application submission starts on January 11, 2021for the candidates who have appeared in CAT 2020. Eligible candidates who reconfirm their interest to IIMV will be considered for shortlisting as per Admission Criteria 2021
IIM Visakhapatnam Admission 2021

IIM Visakhapatnam, a high RoI new generation IIM that started its operation in 2015, is becoming a trend setter and path breaker with many USPs. Announcing big changes in its admission criteria 2021, IIMV has reduced CAT 2020 cut off percentile in shortlisting as well as the weightage for CAT score and simultaneously increasing the weightage for academics, diversity, work experience in shortlisting as well as in final selection for admission 2021. IIM Visakhapatnam does not participate in new IIM-CAP and will conduct its own PI round in April/May 2021.

Key Changes in IIMV Admission Criteria 2021
IIM Visakhapatnam has changed the components and weights in selection process for PGP 2021-23 batch. Key changes in the admission process are:

  1. CAT Weightage Reduced: CAT exam score weightage is reduced to 40% in shortlisting and to 25% in final selection
  2. Weightage for Work Experience Up: Work Experience will get a weight of 12% in shortlisting as against 10% last year; and 10% in final selection as against 5% last year
  3. No WAT in Final Selection: There will not be Writing Ability Test (WAT) for admission 2021 due to Covid-19. As such No weightage is awarded to WAT in final selection round.
  4. May Conduct PI Round Online: The personal interviews for the shortlisted candidates may be conducted online instead of in person depending upon the Covid-19 situation

Set up by the Government of India in September 2015, IIM Visakhapatnam started its journey in imparting management education with 46 students which has grown to 120 students now. Four PGP batches have passed out of IIM Visakhapatnam with great learning experience and high placement offers. For the next two batches, the summer placements for the batch 2019-21 reported higher stipends and the final placement process for the batch has started. The summer placement for the batch 2020-22 is under process. The forthcoming 2021-23 batch is the seventh one.

With the passing of IIM Act 2017, IIM Visakhapatnam is awarding MBA degree instead of Diploma. The Indian Institutes of Management Act 2017 declares IIMs as Institutions of National Importance, empowered to attain standards of global excellence in management, management research and allied areas of knowledge.  

MBA/PGDM Admissions Open 2021 | Apply Now!
IMI New Delhi, PGDM Admissions 2021 IMT Ghaziabad Common Admissions 2021
NMAT Exam | NMIMS | Registrations Open LBSIM Delhi, PGDM Admissions 2021 Open
BIMTECH Greater Noida, PGDM Admissions IFMR GSB-KREA University, MBA Admissions 2021
BIM Trichy MBA Admissions 2021 Sri Balaji University, Pune MBA Admissions 2021
JAGSOM (Formerly IFIM) Bangalore Admission IPE Hyderabad PGDM​ Admissions 2021
SDA Bocconi Asia Center, IMB Batch 2021-23 SDMIMD Mysore, PGDM Admissions 2021
DSB-VIPS Technical Campus, PGDM 2021-23 NBS Ahmedabad, PGDM Admissions Open
JIMS Rohini, Sec-5, PGDM Admissions 2021-23 NDIM New Delhi, PGDM Admissions 2021-23

IIM Vizag Leadership
IIM Visakhapatnam is led by its Director, Professor M. Chandrasekhar. He is an engineer and management professional by training. Between 1983 and 2002, he held senior management and top executive grade positions in the corporate world, in manufacturing and BFSI sectors. He was with the Administrative Staff College of India (ASCI), Hyderabad as a Professor from April 2002 to March 2017. He is the Director of IIM Visakhapatnam since March 22, 2017. He has served on the Boards of organizations in the public and private sectors. His interests are in Public Policy, Public Service Delivery, Performance Management in Public Sector Organizations, Administrative & Governance Reforms and Innovations in Public Systems.

IIM Visakhapatnam: Highlights and Key USPs
Despite beginning its journey just five years ago, IIMV has crossed several milestones and is maintaining a distinct lead.  

  • Mentored by IIM-B: IIM Visakhapatnam is mentored by one of the top three IIMs - Indian Institute of Management Bangalore. The instructional (admission, academic, evaluation etc.) and institutional processes of IIM Visakhapatnam are aligned with those of IIM Bangalore, ensuring high standards
  • Optimum Faculty Student Ratio: IIMV has 24 full time faculty & 12 visiting faculty for 120 students
  • Moderate Fee: IIM Visakhapatnam MBA programme fee is Rs.14,33,250 as against the fee of Rs.19-23 lakhs charged by many IIMs and other top B-schools
  • 100% Placement Record with High Average Salary: IIMV has a consistent record of 100% placements over the years. Placement 2020 witnessed an average salary of Rs.13.08 LPA and Highest Salary of Rs. 27 LPA
  • Cultural Diversity: IIMV has a vibrant student cohort with national character (representing 22 states) that excels in academics, co- and extra-curricular activities and regularly wins competitions pan-India
  • Industry Linkage: IIMV enjoys excellent linkage with apex industry bodies like CII
  • Offers PhD and Customised MBA: IIMV is offering PhD program from the Academic Year 2019-20. It is also conducting a customized MBA Program on weekends for experienced professionals. IIMV also offers first ever in Country, specialized MBA Program in Digital Governance & Management in blended learning mode, under the aegis of and sponsored by the Ministry of Electronics & IT (MeitY), Govt. of India
  • TIDE: IIMV has started a TIDE (Technology Incubation and Development of Entrepreneurship) Center under the aegis of and supported by MeitY, GOI (only the fifth IIM to enjoy this recognition and privilege)
  • Choose Specialization in First Year: The PGP Programme at IIM Visakhapatnam is unique among new IIMs as it provides an opportunity to select electives in the first year of the programme.
  • International Exposure: MBA Students of IIM-V are also provided with a week-long international exposure opportunity in a foreign country in their second year.

IIM Visakhapatnam Admission 2021: Important Dates
All the candidates who have registered and applied for CAT 2020, opted for admission in IIM Visakhapatnam in the CAT 2020 application form, and obtain the required cut off percentile, will be considered for next stage of IIM Visakhapatnam Admission criteria. Important dates related to admission activities 2021 at IIM Visakhapatnam are as below:

IIM Visakhapatnam Admission 2021 - Activity
Important Dates
Application Submission
January 11 – March 15, 2021 (11:00 am)
Reconfirmation of Interest for IIMV Admission
April 5 - 12, 2021
Call for Personal Interview
April 15-22, 2021
Personal Interview
April 26, 2021 – May 10, 2021
Admission Offers
May 17, 2021
Program Registration Date
(starting of the course)
June 28, 2021

Faculty at IIM Visakhapatnam
The founding team of faculty is recruited through a rigorous process of screening and assessment under the aegis of the Mentor Institute. Coming from IIMs and IITs, they have impressive academic and research credentials. This cohort is complemented by faculty drawn from IIM Bangalore and experts from the industry.

Strengths of IIM Visakhapatnam
The campus of the Institute is well-equipped with knowledge resources, teaching-learning aids and facilities. The student hostels are modern and well-furnished, providing excellent board, lodging facilities and amenities conducive to technology-enabled knowledge-pursuit and recreation.

The Institute conducted Management Development Programs for the Senior Executives of Central Public-Sector Enterprises and a Faculty Development Program (FDP) for the Management Professors from the Public Universities of AP.

The Institute has partnered with the Mentor in promoting entrepreneurship among the women in the region. Titled as Women Start-up Program, the initiative is nurturing and building entrepreneurial skills in about 25 aspiring women-entrepreneurs, through mentoring, knowledge-support and incubation facilities. The Institute is all set to play an important role in facilitating creative ideas of women, convert into successful innovations.

PGP Admission 2021
After submitting the application for admission on IIM-V website, the candidates will need to reconfirm their interest at IIM Visakhapatnam in April 2021 to receive interview call. The 2 years Post Graduate Programme (PGP) at IIM Visakhapatnam has been accorded equivalence with Master’s degree of an Indian University by the Association of Indian Universities (AIU) for the purpose of admission to higher studies.

Mentored by IIM Bangalore, IIM Visakhapatnam will conduct its own PI-WAT for final selection instead of participating in Common Admission Process (CAP) 2021 for new IIMs.

 IIM Visakhapatnam Fees

  • The Total programme fees payable by PGP students at IIM Visakhapatnam covers the expenses towards Tuition, Library, Internet, Case Permission Royalty, Course Material, Hostel Room Rent, Medical Insurance, Personal Accident Insurance and Alumni Activity.
  • Additionally, an amount of INR 25,000/- per Term will be charged towards advance for mess and other expenses.
  • PGP at IIM Visakhapatnam is fully residential 2 years management course.
  • IIM Visakhapatnam Fee Structure is detailed below:
Fee Component
Fee amount (In Rupees)
Important Points
PGP Programme Fee for 2 Years
Rs. 14,33,250
Excludes Mess charges & personal expenses

Intake: 120 Students
IIM Visakhapatnam has increased the intake to 120 student from 60 earlier in its PGP batch

IIM Visakhapatnam Placements
IIM Visakhapatnam which started operation with first batch in 2015-16, has maintained a consistent record of 100% Placements. For the 2018-20 batch, it reported yet again 100% placement with higher average salary. IIM Visakhapatnam placements 2020 have surpassed many long established B-schools including IIMs who could complete their final placement 2020 much later than IIMV.

The Final Placement Process for IIM Visakhapatnam was on rolling basis held on campus, and the Institute witnessed 75+ companies including 40 new recruiters participating in the process and multiple offers being rolled out.

IIM-V Placement Highlights

  • Placement held on a rolling basis
  • 75+ Companies Participated in Placement 2020
  • Batch Size 100 students, 1 student opted out
  • Average Salary stood at Rs.13.08 Lakhs (Increased from Rs.12.67 Lakhs last year)
  • Highest Salary Increased to Rs.27 Lakhs from Rs.22 Lakhs last year
  • Number of PPOs/PPIs increased to 16 from 5 last year
  • Top Recruiters include Amazon, KPMG, Franklin Templeton, GMR Group, Amul, Adani, Yes Bank, Mu Sigma, TVS, ICICI Lombard, HCL, MTR,  Click Labs, Virtusa, Ultratech, Kantar, Tech Mahindra among others

Programmes Offered by IIM Visakhapatnam
IIM Visakhapatnam, apart from offering 2 years full time PGP programme, also offers PGPEx, PGPDGM, PGCEP, EEP and Ph.D programmes. IIM Visakhapatnam is the only Indian Institute of Management among 7 newest IIMs to offer so many Post Graduate Management programmes leading to MBA degree.

Programme Name Leading to MBA Degree
Duration
Eligible Candidate
PGP
2 Years full time Residential
Bachelor’s degree with 50% marks
Must have appeared in CAT
PGPEx
2 Years part Time Non Residential
Bachelor’s Degree with 55% marks
3 Years full time work experience
Must have taken CAT not more than 2 years ago
PGPDGM
18 Months full Time Residential
Bachelor’s degree with 55% marks
5 Years of Work Experience

IIM Visakhapatnam to Award MBA instead of Diploma
Instead of awarding post graduate diploma, IIM Visakhapatnam will award MBA degree to the students of its 2 year flagship Post Graduate Programme in Management (PGP). The 2 years Post Graduate Programme (PGP) at IIM Visakhapatnam is now changed to MBA degree programme and has equivalence with Master’s degree of an Indian University for the purpose of admission to higher studies.

IIM Visakhapatnam Admission Cut Off  

  • IIM Visakhapatnam Cutoff has been liberalised for admission 2021
  • Only the candidates above the minimum cut-offs in the CAT 2020 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2020 will be considered for all the subsequent stages.
  • These are cut-offs used for preparing the first short-list
  • The actual CAT 2020 cut-offs for those who are called for interview could be much higher

Below are the minimum CAT 2020 cut offs required for shortlisting.

Category
Section-1 VARC
Section-2 DILR
Section-3 QUANT
CAT 2020 Overall percentile
General
80
80
80
85
EWS
70
70
70
75
NC-OBC
70
70
70
75
SC
50
50
50
55
ST
30
30
30
40
PWD
30
30
30
40             

Source: IIMV Admission Policy 2021

IIM Visakhapatnam Shortlist 2020
Elaborating its shortlisting and admission criteria 2021, IIM Vishakhapatnam clarifies, “In the first phase process, all eligible candidates who have appeared for CAT 2020 and have selected IIM Visakhapatnam as one of their preferences in the CAT form will be considered. Candidates who qualify at this stage will be asked to apply for admission to PGP 2021-23 of IIMV through the IIMV website.”

IIM Visakhapatnam Admission Criteria 2021
IIM Visakhapatnam Admission Criteria 2021 is a three step process – Pre shortlisting criteria, Shortlisting criteria for PI followed by Final admission selection Criteria comprising PI round.

IIM Visakhapatnam uses multiple parameters and award high weightage to academic performance as well as to the section wise scores in CAT exam in shortlisting to judge the suitability of candidates for the PGP programme.

IIMV Pre-Shortlisting Criteria

  • In the first phase, all eligible candidates who have appeared for CAT 2020 and have applied for IIM Visakhapatnam are considered for shortlisting
  • Candidates who qualify at this stage are asked to reconfirm their interest for admission
  • The shortlist of candidates is based on securing minimum section-wise and aggregate percentile scores in CAT 2020 exam
  • All the subsequent processing, standardization and selection is limited to candidates belonging to this first shortlist alone. Accordingly, only CAT 2020 score is used as the basis for arriving at the shortlist for PI round
  • IIM Visakhapatnam will be sending e-mail to all candidates who have applied to IIM Visakhapatnam and also meet the minimum CAT 2020 percentile requirements in the last week of January 2021.
  • The E-mail has a link to a web page where the candidates must reconfirm their interest to pursue their candidature further, for admission to PGP 2021 at IIM Visakhapatnam. 
  • All Shortlisted Candidates will be invited to submit a detailed online application, including a Statement of Purpose, details of semester wise / year wise marks in bachelor’s degree, copies of all academic transcripts and certificates, 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), EWS certificate (if applicable).

IIMV Shortlisting Criteria for PI Round

  • Only those candidates who have reconfirmed their interest and meet the minimum CAT 2020 percentiles requirements are considered in Phase 2 of Shortlisting for PI round
  • The candidates' percentage scores in the academics are considered for shortlisting alongwith CAT exam scores.
  • Candidates with Chartered Accountancy, Cost Accounting, and Company Secretary certifications are awarded weight under professional course. No other professional course is eligible for weight under professional course.
  • Work Experience is also given weightage in shortlisting for PI Round

IIM Visakhapatnam Shortlisting Criteria 2021 Weightage are shared below:

 

Component
Weight in percentage on a scale of 100
Key Points to Note
CAT 2020 Percentile
40
Section-wise weight prescribed
Class 10 marks
10
90 & Above percentile
Class 12 marks
10
90 & Above percentile
Bachelors degree
18
Stream-wise weights
Diversity
10
Awarded to Female Candidates, transgenders & Non Engineers
Work experience
12
3 Yrs & Above awarded highest weight

The Weightage of 40 points for CAT 2020 percentile score is divided further  into the performance in each of the three sections to shortlist candidates for PI round as under:

CAT 2020 Section Weightage Points in Shortlisting Percentage to total weightage
Verbal & Reading Comprehension (VARC)  14 14%
Data Interpretation & Logical Reasoning (DILR)  16 16%
Quantitative Aptitude (QA)  10 10%
Total Maximum weight to CAT 2020 score  40 40%

IIMV Final Selection Process & Weightages 2021

  • All the shortlisted candidates need to participate in Final selection round for admission to IIM Visakhapatnam
  • The maximum weightage of 10 points for work experience will be awarded by IIM Visakhapatnam in final selection round on the basis of length of work experience and quality of work experience as on July 31, 2020. The candidate with managerial work experience of 36 months & above after graduation will be awarded the 10 points. No weightage will be awarded for the work experience below 6 months. Besides, Training/Project work/work done as an integral part of curricular requirement will not be considered.
  • No WAT will be conducted for admission 2021.
  • All candidates will be required to provide two confidential reference letters from their employers or from teachers in the academic insitutions where they had been students previously before the PI round at IIM Visakhapatnam
  • The candidates who are shortlisted and interviewed by any one or more of the IIMs at Bangalore, Calcutta, Indore, Kozhikode, Lucknow (only for their PGP/PGPM programs), will not be required to appear for the personal interview of IIM Visakhapatnam. For these candidates, their Personal Interview (PI) scores from the above IIMs will be used to derive their PI scores for IIMV
  •  Candidates who are not shortlisted and interviewed by any of the IIMs at Bangalore, Calcutta, Indore, Kozhikode, Lucknow (only for their PGP/PGPM programs) will be required to appear for a Personal Interview (PI) conducted by IIM Visakhapatnam.

IIM Visakhapatnam Final Selection Criteria weights for Admission 2021

Component
Percentage weight on a scale of 100
Personal Interview (PI)
25
CAT 2020 score
25
10th Class board marks
  5
12th class board marks
  5
Bachelors degree marks
10
Diversity (Gender (Female & transgender)/Non-engineer)
20
Work experience
10
Total Weightage
100

IIM Visakhapatnam Admission Process 2021
IIM Visakhapatnam Admission process is based on the relationship between academic performance of students of the PGP in IIM Visakhapatnam and their past academic performance, their CAT score, performance in the admission interview and prior work experience.

Following steps are included in the IIM Visakhapatnam Admission process:

  • Step 1: The candidate must have appeared and scored the minimum required sectional and overall percentile in CAT 2020 to be considered for first stage screening process for admission at IIM Visakhapatnam
  • Step 2: Candidates are short-listed for Personal Interview (PI) from among the candidates who have a valid CAT-2020 score, who have excellent academics, who have applied to the programme, who satisfy the eligibility criteria for the PGP programme and have reconfirmed their interest to pursue PGP at IIM Visakhapatnam in response to their e-mail.
  • Step 3: IIM Visakhapatnam will identify many candidates for shortlisting for the PI round with an excellent academic record and work experience but who may have narrowly missed the high score that would have been required if CAT alone was the basis for the PI shortlist. Such candidates will be preferred in the shortlisting process as against those who have only a high CAT score but have poor academic profile and poor quality of work experience.  The emphasis in shortlisting process at IIM Visakhapatnam is on consistent and high performance in academics and other parameters.
  • Step 4: After the PI round, admission offers are made by IIM Visakhapatnam to successful candidates. The final selection is based on a diverse set of attributes which includes performance in PI, Performance in past academics, Performance in CAT 2020, Quality of Work Experience among others
  • Step 5: Final Admission Offer will be made by IIM Visakhapatnam to the candidates in the last week of May 2021 on the basis of Final Score arrived after awarding the weightage scores on all the components.

IIM Visakhapatnam: 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-V identifies Most Promising Candidates
The two-year, full-time, residential programme PGP 2021-23 at Indian Institute of management (IIM) Visakhapatnam is designed to equip students to take on leadership roles in an increasingly complex and dynamic global scenario. The programme lasts six trimesters, spread over two years, with a summer project intermediary. 

IIM Visakhapatnam came into being in 2015 as one of the 7 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. IIM Bangalore is the mentor IIM to IIM Visakhapatnam.

Classes at IIM Visakhapatnam are held at the temporary premises allotted to it at Andhra University campus and will continue at the temporary campus till the 230 acre campus of IIM Visakhapatnam gets ready. Necessary renovation was done to provide state-of-the-art facilities such as Seminar Room with Video Conferencing, Class rooms, discussion rooms, library, student lounge and cafeteria

Located in its temporary, but state-of-the-art facility in the salubrious Andhra University campus in the ‘City of Destiny’, Visakhapatnam, IIMV has begun the process for building a permanent, full-fledged, word-class campus on approx. 230 acres of land in the vicinity of the upcoming green-field international airport, about 25 kilometres from the present campus. The first phase of the new facility is expected to be functional by 2021. Under the IIM Act 2017, effective from 31/01/2018, the Institute has become a body corporate and declared as an Institution of National Importance.

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

Read Full Details IIMs Admission: Eligibility, Fees, Admission Proces, Shortlisting Criteria and Important Dates