IIM Visakhapatnam Admission 2022: Invites Application Online; Makes Many Changes in Selection Process; Check Revised Criteria, Cut off, Admission Process

IIM Visakhapatnam, mentored by IIM Bangalore, is becoming a trend setter and path breaker with many USPs. In its admission process for PGP 2022-24 batch, IIMV will have many firsts. While the CAT 2021 cut off is reduced at 80 percentile in shortlisting, the weightage to CAT exam score also goes down to 50 percent in shortlisting for PI round. This weightage of CAT exam score is further reduced to 25 percent in final selection process while academics, diversity factor, work experience and performance in PI round is awarded 75 percent weight. 

IIM Vizag is a high RoI new generation IIM that started its operation in 2015. IIM Visakhapatnam does not participate in new IIM-CAP and will conduct its own PI round in April/May 2022. The PGP programme at IIM Visakhapatnam leads to award of MBA degree. 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) 2022 for new IIMs.

Apart from its flagship 2 years full time residential PGP programme, IIM Visakhapatnam also offers Post Graduate Program in Digital Governance and Management (PGP-DGM) for working professionals in a blended learning mode and Weekend Post Graduate Program for Experienced Professionals (PGPEx). All the three programmes lead to the award of Master of Business Administraon (MBA) degree. Besides, IIM Visakhapatnam offers Ph.D Programme leading to Doctorate.

Read below the key USPs of IIM Visakhapatnam, its leadership, fee, placements, admission criteria, cut offs, eligibility, step by step admission process and important dates for admission. PG intake at IIM Visakhapatnam stands increased to 240 students.

Table of Contents

1. IIM Vizag Admission Criteria for PGP 2022-24 Batch: Key Changes
2. IIM Visakhapatnam: Highlights and Key USPs
3. IIM Vizag Leadership
4. IIM Visakhapatnam Fees & Intake
5. IIM Visakhapatnam Placements 2021
6. IIM Visakhapatnam PGP Admission 2022 Criteria
7. IIM Visakhapatnam Eligibility Criteria
8. IIM Visakhapatnam MBA Admission 2022: Important Dates
9. IIM Visakhapatnam Awards MBA Degree instead of PGDM Diploma
10. Faculty at IIM Visakhapatnam
11. Strengths of IIM Visakhapatnam
12. IIM Visakhapatnam PGP Batch Profile
13. IIM Visakhapatnam MBA Admission Process 2022
14. IIM Visakhapatnam: Hostel facility
15. IIM-V identifies Most Promising Candidates

1. IIM Vizag Admission Criteria for PGP 2022-24 Batch: Key Changes
IIM Visakhapatnam has changed the components and weights in selection process for PGP 2022-24 batch. Key changes in the admission process are:

• 1.1 IIM Visakhapatnam Cut Offs go down: CAT 2021 cut off is reduced to 80 percentile for PGP admission 2022 from earlier 90 percentile
• 1.2 CAT Weightage Reduced: CAT exam score weightage is reduced to 50% in shortlisting and to 25% in final selection
• 1.3 High Weightage for Work Experience: Work Experience will get uniform weight of 10% in shortlisting and 10% in final selection
• 1.4 No WAT in Final Selection: IIM Visakhapatnam will not conduct Writing Ability Test (WAT) for admission 2022 due to Covid-19 and will not award weightage to WAT round.
• 1.5 Personal Interview gets Highest Weightage: In the IIM Visakhapatnam final selection process, performance in Personal Interview round will be awarded 48% weight and rest 52% goes to CAT score, academics, diversity and work experience
• 1.6 May Conduct PI Round Online: The personal interviews for the shortlisted candidates may be conducted online instead of in person depending upon the Covid situation

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

• 2.1 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
• 2.2 Optimum Faculty Student Ratio: IIMV has one of the best student faculty ratio of 9:1 across B Schools.
• 2.3 IIM Vizag MBA Fee 2022-24 Batch: IIM Visakhapatnam MBA programme fee is Rs.15,04,920 which is lower than the fee of Rs.20-24 lakhs charged by many IIMs and other top B-schools
• 2.4 Placement Record of 100% with High Average Salary: IIM Visakhapatnam has a consistent record of 100% placements over the years. Placement 2021 witnessed an average salary of Rs.12.62 LPA and Highest Salary of Rs. 20.82 LPA
• 2.5 Top Recruiters Making Placement Offers: 102 marquee companies which participated in IIMV placement 2021 include Amazon, Amul, Blue Star, Delhivery, Deloitte, ESAF, HCL, HDFC Bank, Infosys, ICICI Prudential, KPMG among others
• 2.6 Choice of 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.
• 2.7 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. The global partnerships would open up new opportunities for IIMV in co-teaching, student exchange, research collaboration, and exchanging ideas from across the World. Recently in September 2021, IIMV has entered partnership with Northern Illinois University, Dekalb, Illinois, USA
• 2.8 IIM with many Firsts: IIM Visakhapatnam is the 9th IIM in India to join the CFA Institute University Affiliation Program and the 3rd IIM to become a signatory to UN PRME - United Nations Principles for Responsible Management Education.
• 2.9 Cultural Diversity: IIMV has a vibrant student cohort with national character (representing 21 states) that excels in academics, co- and extra-curricular activities and regularly wins competitions pan-India
• 2.10 Industry Linkage: IIMV enjoys excellent linkage with apex industry bodies like CII
• 2.11 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
• 2.12 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)

3. 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.

4. IIM Visakhapatnam Fees & Intake

• 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:

4.1 IIM Visakhapatnam PGP 2022-24 Batch Intake: 240 Students
IIM Visakhapatnam has increased the intake to 240 students. The present PGP 2021-23 batch size comprises 189 students with 70% Male and 30% female candidates.

5. IIM Visakhapatnam Placements 2021
IIM Visakhapatnam which started operation with first batch in 2015-16, has maintained a consistent record of 100% Placements. For the 2019-21 batch, it reported yet again 100% placement with high salary packages. IIM Visakhapatnam placements 2021 have surpassed many long established B-schools including IIMs who could complete their final placement 2021 much later than IIMV.

The Final Placement Process for IIM Visakhapatnam was on rolling basis held on campus. The Institute witnessed 102 companies including 73 new recruiters participating in the process and rolling out multiple offers.

5.1 IIM-Visakhapatnam Placement 2021 Highlights

• 100% Placement for the PGP 2019-21 Batch
• Average Salary stood at Rs.12.62 LPA
• Highest Salary Stood at Rs.20.82 LPA
• 102 Companies, with 73 new recruiters, Participated in Placement 2021
• Median Salary was Rs.12 LPA
• Average Salary of Top 10% is Rs.18.86 LPA
• Average Salary of Top Quartile is Rs.17.23 LPA
• Average Salary of Top Half is Rs.15.71 LPA
• Placement was conducted Virtually on a rolling basis
• IT/ITES emerged as the top Recruiting sector with 37% students getting Placement offers
•  Top Recruiters include Amazon, Amul, Blue Star, Delhivery, Deloitte, ESAF, HCL, HDFC Bank, Infosys, ICICI Prudential, KPMG among others Read More

6. IIM Visakhapatnam PGP Admission 2022 Criteria
There are 4 stages of IIM Visakhapatnam PGP admission 2022:

• Stage-I: Apply and Appear in CAT 2021 and also opt for IIM Visakhapatnam admission 2022 in CAT 2021 application form
• Stage-2: Match your CAT 2021 percentile with IIM Vizag overall and sectional cut offs and apply online for IIM Visakhapatnam MBA admission 2022
• Stage-3: Shortlist for PI Round for IIM Vizag admission 2022 after reconfirmation of interest
• Stage-4: IIM Vizag final Selection Criteria & Weightage

Now check the stage wise IIM Vizag admission criteria 2022

Stage-I: Submission of CAT application, appearing in CAT and opting for IIM Vizag admission in CAT application form

Stage-2: All candidates who opted for IIM Vizag admission 2022 while applying for CAT 2021 and have scored required percentile as prescribed by IIMV, need to submit the detailed application online as available at the link https://pgpadmissions.iimv.ac.in/ on IIM Vizag official website. IIM Vishakhapatnam has clarified, “In the first phase process, all eligible candidates who have appeared for CAT 2021 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 2022-24 of IIMV through the IIMV website.”

Stage-3: IIM Visakhapatnam Shortlist 2022
IIM Visakhapatnam Shortlisting Criteria 2022 is a two step process – Pre shortlist followed by Shortlist for PI Round. While the preshortlisting is done based on IIM Vizag cut offs as announced in its admission policy the shortlist for PI round at IIM Visakhapatnam is arrived by using multiple parameters and awarding 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. After submitting the application for admission on IIM-V website, the candidates will need to reconfirm their interest at IIM Visakhapatnam in last week of March/first week of April 2022 to receive interview call.

Stage 3.1 IIMV Pre-Shortlisting Criteria

• In the first phase, all eligible candidates who have appeared for CAT 2021 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 2021 exam
• All the subsequent processing, standardization and selection is limited to candidates belonging to this first shortlist alone. Accordingly, only CAT 2021 score is used as the basis for arriving at the shortlist for PI round
• IIM Visakhapatnam has sent e-mail to all candidates who have applied to IIM Visakhapatnam and also meet the minimum CAT 2021 percentile requirements in January 2022.
• 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 2022 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).

Stage 3.1.1. IIM Visakhapatnam Admission Cut Off in first Stage Shortlisting 

• IIM Visakhapatnam Cutoff has been liberalized for admission 2022
• Only the candidates above the minimum cut-offs in the CAT 2021 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2021 will be considered for all the subsequent stages.
• These are cut-offs used for preparing the first short-list
• The actual CAT 2021 cut-offs for those who are called for interview could be much higher

Below are the minimum CAT 2021 cut offs required for shortlisting.

Source: IIMV Admission Policy 2022

Stage 3.2: IIMV Shortlisting Criteria for PI Round

• Only those candidates who have reconfirmed their interest and meet the minimum CAT 2021 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

Stage 3.2.1: IIM Visakhapatnam Shortlisting Criteria 2022 Weightage
IIM Visakhapatnam Shortlisting Criteria 2022 Weightage for key components are shared below:

Stage 3.2.2: Classification of CAT 2021 %ile Weightage in Shortlisting 
The Weightage of 50 points for CAT 2021 percentile score is divided further into the performance in each of the three sections to shortlist candidates for PI round as under:

Stage-4: IIMV Final Selection Process & Weightages 2022

• 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, 2021. 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.
• WAT process will not be conducted for admission 2022.
• 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.

Stage 4.1 IIM Visakhapatnam Final Selection Criteria weights for Admission 2022

7. IIM Visakhapatnam Eligibility Criteria
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.

8. IIM Visakhapatnam Admission 2022: Important Dates
All the candidates who have registered and appeared for CAT 2021, opted for admission in IIM Visakhapatnam in the CAT 2021 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 2022 at IIM Visakhapatnam are as below:

9. IIM Visakhapatnam Awards MBA Degree instead of PGDM Diploma
With the passing of IIM Act 2017, IIM Visakhapatnam is awarding MBA degree from its 2016-18 batch, 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.

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

11. 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 conducts 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.

12. IIM Visakhapatnam PGP Batch Profile
The batch profile of current 2021-23 batch is as below:

• Batch size: 189 students
• Female Students: 30%
• Engineers: 39% (Other 61% students are graduates from Commerce, Business Administration, Science, Arts, & other streams)
• Cultural Batch Diversity: Students are from 21 states
• Students with Work Experience: 68% students have work experience from less than 1 year to more than 4 years

13. IIM Visakhapatnam Admission Process 2022
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 2021 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-2021 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 2021, 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 2022 on the basis of Final Score arrived after awarding the weightage scores on all the components.

14. 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.

15. IIM-V identifies Most Promising Candidates
The two-year, full-time, residential programme PGP 2022-24 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. 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.

IIM Visakhapatnam started its journey in imparting management education with 46 students which has grown to 189 students now. Five PGP batches have passed out of IIM Visakhapatnam with great learning experience and high placement offers.

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

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