IIM Visakhapatnam currently operates from a temporary campus at Andhra University. The permanent campus, under development at Gambhiram on the outskirts of the city, will cover 240 acres. The campus is designed to offer a conducive learning environment that integrates modern academic facilities and environmental sustainability. The phased development will provide cutting-edge amenities to support the academic and holistic growth of students.

Classrooms
The classrooms are designed in the Harvard Business School model, fostering an interactive and collaborative learning experience. They are equipped with advanced audio-visual systems, ensuring an engaging and modern learning environment. These spaces promote discussions, case studies, and practical application of concepts, encouraging dynamic interactions among students and faculty.

Auditorium
The institute boasts a state-of-the-art auditorium, designed to host academic events, seminars, workshops, and cultural activities. With advanced acoustics and technology, the auditorium provides an ideal space for large gatherings, lectures, and conferences, enhancing the campus’s cultural and academic vibrancy.

Hostels
IIM Visakhapatnam houses students in ten separate hostel buildings. Rooms are allocated on a single or double occupancy basis, with all rooms fully furnished. These hostels offer a comfortable living environment, allowing students to focus on their studies while also fostering a sense of community.

Sports
The campus encourages physical fitness and recreation with facilities for various indoor and outdoor activities. Students actively participate in competitions like table tennis, futsal, cricket, carrom, throwball, and volleyball. Additionally, amenities for indoor games such as pool, caroms, and chess are available to help students unwind.

Dining
The hostel mess provides a variety of nutritious meals throughout the day. A student-led committee collaborates with the mess staff to offer a balanced and diverse menu that meets students' dietary preferences and nutritional requirements.

Library
IIM Visakhapatnam's library is well-equipped with a wide range of books, journals, and online resources. The library supports academic research and learning by offering access to numerous international and Indian journals, research reports, and databases.