IIM Visakhapatnam: Fees Structure, Placements, Packages, Courses Offered

By Sharmistha Banerjee|Updated : October 24th, 2022

IIM Visakhapatnam is an Institution of National Importance under the IIM Act 2017. It belongs to the prestigious IIM family of B schools. IIM Visakhapatnam is a new IIM, established recently, in September 2015, by the Ministry of Human Resources of the Government of India, in the Indian state of Andhra Pradesh.

Considering the facts of excellent academics, IIM Visakhapatnam focuses on world-class intellectual, institutional and infrastructural resources, enabling high-quality teaching-learning procedures and research culture. In this article, BYJU’S Exam Prep experts have listed all the details related to the Indian Institute of Management Visakhapatnam (IIMV), including fee structure, cutoffs, placements, packages and many more. You should know all these things if you want to join this top B-school in India.

IIM Visakhapatnam MBA College

Indian Institute of Management Visakhapatnam (IIMV) is temporarily located in the salubrious Andhra University campus in the port city of Visakhapatnam. The permanent building is under construction, with over 230 acres of land. IIM Visakhapatnam is being built as a world-class campus near the upcoming green-field international airport, about 25 kilometres from the present (temporary) campus. The first phase of the new facility is expected to be functional by 2021. IIM Visakhapatnam is situated near Gambheeram Village, Anandapuram Mandal, Visakhapatnam. Some of the highlights of IIMV are:

  • It is ranked in the 34th position in the list of Top MBA Colleges in India.
  • IIM Visakhapatnam holds the recognition of being an institute of national importance
  • IIMV is a public institute owned by the government of India
  • IIM Visakhapatnam offers educational qualifications to both genders; in other words, it offers co-education facilities.
  • Indian Institute of Management Visakhapatnam (IIMV) was established in 2015 and is spread over 242 acres of land.

Note the table below to get some important information about

Particulars

Information

Year of establishment

2015

Institute type of IIM Visakhapatnam

Public/Government Autonomous

Campus area

242 acres

Gender

Co-ed

Courses offered by IIM Visakhapatnam

4 courses across 1 stream

Examinations accepted for admission

CAT/ GATE / GRE

The admission process of IIM Visakhapatnam

Academic performance, CAT scores and work experience

Programmes offered

MBA/PhD

Official Website of IIM Visakhapatnam

iimv.ac.in/

IIM Visakhapatnam Packages (Highest)

INR 27 LPA

IIM Visakhapatnam Packages (Average)

INR 13.08 LPA

IIM Visakhapatnam Placements

Indian Institute of Management Visakhapatnam is one of the 20 IIM institutes in India and amongst the 9 newest IIMs that started their operations in 2015. IIM Visakhapatnam has reported a 100% placement for its passing batch of 2020-22, yet another time for five years in succession.

  • 100% Placement for the PGP 2020-22 Batch
  • The average salary stood at Rs.15.06 LPA
  • The highest Salary Stood at Rs.31.60 LPA
  • 86 Companies, with 49 new recruiters, Participated in Placement 2021-22
  • The median salary was Rs.15.46 LPA
  • The Average Salary of the Top 10% is Rs.20.67 LPA
  • The Average Salary of the Top Quartile is Rs.19.39 LPA
  • The average Salary of the Top Half is Rs.17.82 LPA
  • The placement was conducted virtually on a rolling basis
  • IT/ITES emerged as the top recruiting sector, with 34% of students getting Placement offers.
  • Top Recruiters of IIM Visakhapatnam include Amazon, Amul, Blue Star, Delhivery, Deloitte, ESAF, HCL, HDFC Bank, Infosys, ICICI Prudential, and KPMG, among others.

Sector-Wise Placements at IIM Visakhapatnam

The following table represents the sector-wise placements of IIM Visakhapatnam:

Sector

Percentage of Students %

IT / ITES

34%

BFSI

33%

Manufacturing

8%

E-Commerce

7%

Consulting

15%

Others

3%

IIM Visakhapatnam: Domain-Wise Placements

Note the table below to get details for domain-wise placement data of the Indian Institute of Management Visakhapatnam (IIMV).

Sector

Percentage of Students %

Consulting

32

Strategy

13

Finance

11

Marketing and Sales

11

General Management

11

Analytics

5

Product Management

5

HR

5

Operations

3

Others

4

IIM Visakhapatnam Alumni Placements

Indian Institute of Management Visakhapatnam has alumni placed in top companies of India in major sectors. The sector-wise break-up was from the areas of industries and services that include Banking, Manufacturing & Logistics & Supply Chain Management, IT, etc. However, IIM Visakhapatnam has around 50,000 alumni registered online and working with top companies like TCS, Google, Microsoft, etc.

Some of the top companies with which a majority alumni base of IIM Visakhapatnam is associated are as follows:

Name of the Organisation

Number of Students

IIM-V

57

KPMG India

8

Entrepreneurship and Passion Cell IIMV

7

ARTquake - The Fine arts club of IIMV

6

ICICI Lombard

6

TA Digital

6

HSBC

5

JugleWorks

5

The Consulting Club

5

Connect - Business Solutions Limited

5

ANK - IT and Analytics Club - IIMV

5

H - Town Technologies Inc

4

Anand Rathi Wealth Limited

4

Manthan - The HR Club of IIMV

4

HDFC Bank

4

IIM Visakhapatnam Packages: Year-wise Data

Indian Institute of Management IIM Visakhapatnam witnessed yet another year of 100% placements for 5 years in succession now. More than 100 recruiters, including 73 first-time recruiters, hired students from the Post Graduate Program as well as the 5-Year Integrated Program in Management.

The last four years' placement trends for IIM Visakhapatnam are shared below:

IIM Vizag Placement Year

Average Salary (Rs. In lakhs)

Highest Salary (Rs. In lakhs)

2021

12.62

20.82

2020

13.08

27.00

2019

12.61

22.00

2018

12.07

--

Indian Institute of Management Visakhapatnam Summer Placements

The summer placements report of IIM Visakhapatnam is tabulated below.

Batch

2020-22

Students Placed

100%

Highest Stipend

INR 2 Lakhs

Average Stipend

INR 62,264

Top 25% Stipend

INR 1.17 Lakhs

Top 10% Stipend

INR 1.46 Lakhs

Top Recruiters of IIM Visakhapatnam

Bosch, Dalmia Bharat, Yes Bank

During the 2022 summer internship placement drive, IIM Visakhapatnam maintained its record of 100% placements. In the summer internship placement drive of 2022, the highest stipend stood at INR 2 Lakhs, and the average stipend stood at INR 62,264, whereas the top 25% and top 10% stipend stood at INR 1.46 Lakhs.

IIM Visakhapatnam Final Placements

Note the table below to get important details regarding the final placements of IIM Visakhapatnam.

Particulars

Placement Statistics (2019-21)

Placement Statistics (2020-22)

Percentage of Students Placed

100%

100%

Total Number of Recruiters

102

86

First Time Recruiters

73

49

Highest CTC

INR 20.82 LPA

INR 31.60 LPA

Average CTC

INR 12.62 LPA

INR 15.06 LPA

Median Salary

INR 12 LPA

INR 15.46 LPA

Average Salary of Top 10% of Students

INR 18.86 LPA

INR 20.67 LPA

Average Salary of Top 25% of Students

INR 17.23 LPA

INR 19.39 LPA

Average Salary of Top 50% of Students

INR 15.71 LPA

INR 17.82 LPA

Top Recruiters of IIM Visakhapatnam

ADG, Amazon, KPMG

Amazon, Amul, Blue Star, Delhivery, Deloitte, ESAF, HCL, HDFC Bank, Infosys

Fees Structure of IIM Visakhapatnam

The IIMV Fee Structure includes the following expenses:

  • Personal and miscellaneous expenses
  • Tuition fee
  • Course material
  • Internet
  • Library
  • Alumni activity
  • Laptop and computer

Apart from fees, CAT toppers looking for admission to the top IIMs consider the number of seats as well. The number of seats offered for each IIM Visakhapatnam program is 60 for its PGP program for 2021, while the total batch capacity is 120 candidates.

IIM Visakhapatnam MBA fees range between INR 10.5-16.5 lakhs for full-time MBA/ PGDM programs. None of the IIMs has announced an increase in MBA fees. Here is the fee structure for its PGP program.

Particulars

PGP-I

PGP-II

Total

Tuition/ Programme Fee

Rs 5,25,000

Rs 5,25,000

Rs 10,50,000

Advance for Mess and other expenditures (including printing and photocopying charges etc.)

Rs 75,000

Rs 75,000

Rs 1,50,000

IIM Visakhapatnam Cut Off

The CAT Cut Off has been dropped for 2022 admissions into IIM Visakhapatnam.

Category

Overall Cut-Off Scores

General

80

NC-OBC

70

SC

45

ST

35

EWS

70

PWD

35

The candidates should get the minimum percentile given below in order to get admission into IIM Visakhapatnam.

Sections

General

EWS

SC

ST

NC-OBC

PWD

QA

70

63

40

30

63

30

DI & LR

70

63

40

30

63

30

VARC

70

63

40

30

63

30

Overall Percentile

80

70

45

35

70

35

IIM Visakhapatnam Course Offered

Note the table below to get a list of IIM Visakhapatnams courses.

Courses

Duration

No of Courses

Total Fees

Exams

Median Salary

PGPM

2 Years

-

13.55 Lakhs

CAT

INR 12 LPA

PGPEx

2 Years

-

10.7 Lakhs

CAT, GMAT, GATE

-

PGPDGM

870 Hours

-

16.5 Lakhs

-

-

Certificate

870 Hours - Years

3

10.7 - 16.5 Lakhs

CAT, GMAT, GATE

INR 12 LPA

Course-wise Eligibility of IIM Visakhapatnam

Candidates appearing for the IIM Visakhapatnam Admission Test must meet a certain set of criteria:

  • It is essential to meet the cut-off score of CAT Result for Indian students and GMAT and GRE for international students
  • Past academic record with a weightage of 10% to class 10th and 12th marks
  • Work experience is preferred
  • CAT and PI have 50% and 48% weightage, respectively.

Below table highlights the eligibility details of IIM Visakhapatnam.

Course

Eligibility Criteria

PGPDGM (Post Graduate Program in Digital Governance and Management)

- Bachelor's degree with a minimum of 55% aggregate or equivalent from a recognised university

- A minimum of five years of full-time work experience at an officer or executive level or higher

PGPEx

- Bachelor's degree with a minimum of 55% aggregate or equivalent from a recognised university

- A minimum of three years of full-time work experience

Alternatively, applicants can also choose to apply for PGPEx by taking the IIMV Test.

PhD

A master's degree OR a PG Diploma (2 years) with a minimum of 55% aggregate in the bachelor's and master's degrees

OR

A professional qualification such as CA, ICWA, or CS with a minimum of 50% aggregate and a BCom / any Degree with at least 55% aggregate

OR

A 4-year / 8-semester bachelor's degree with a minimum of 6.5 CGPA or equivalent

Indian Institute of Management Visakhapatnam (IIMV): Admission Process

The first eligibility for admission to IIM Visakhapatnam is that you should have appeared for CAT Exam and applied for IIM Visakhapatnam. The next stage of the admission process would consider the marks obtained in 10th and 12th and work experience (if any) to shortlist students finally.

The weights of the six components are fixed as follows:

Particulars

Weightage

CAT

50 (QA – 18 points, DILR – 14 points and VARC – 18 points).

Academics

30 (10th board: 10; 12th board:10; Bachelors: 10)

Work Experience

10

Gender Diversity

10

The institute uses the weighted aggregate to prepare the Pre-PI rank list, based on which the second list of candidates is prepared for the PI round.

The Phase II shortlisted candidates are then invited for the PI round.

The Personal Interview score, after standardization across interview panels and sessions, will be added to the scores given below to arrive at the final aggregate score:

  • PI Score (weight=48)
  • CAT (weight=25)
  • 10th Board (weight= 4)
  • 12th Board (weight= 4)
  • Bachelor's (weight= 4)
  • Diversity {Gender (Female & transgender)} (weight= 5)
  • Work Experience (weight=10)

Scholarships Offered by IIM Visakhapatnam

Indian Institute of Management Visakhapatnam offers the following financial aid to aspiring candidates.

Scholarship 1

All PGP students with an annual household income below INR 6,00,000 are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered.

Scholarship 2

- Ministry of Tribal Affairs Scholarship (ST):

The Ministry of Tribal Affairs, Government of India, invites applications for the National Scholarship for Higher Education for Scheduled Tribe students of PGP first year. Under this scholarship, the entire tuition expenses are covered in full.

- Ministry of Social Justice and Empowerment Scholarship (SC):

The Ministry of Social Justice and Empowerment Government of India invites applications for the National Scholarship for Higher Education for Scheduled Caste students from Meritorious SC students PGP first year. This is a means scholarship that covers tuition expenses in full.

IIM Visakhapatnam: Infrastructure and Facilities

The infrastructure and facilities at IIM Visakhapatnam are well-equipped with state-of-the-art amenities:

  • Library: The library at IIM Visakhapatnam has a collection of 30,000 books, technical journals, e-books, thesis etc.
  • Other facilities: The IIM Visakhapatnam comprises amenities and facilities like a cafeteria, Gym, Medical centre, convenience store, ATM, fully air-conditioned classes, auditorium, Labs, and a Wi-fi campus for its students.
  • Sports facilities: IIM Visakhapatnam accommodates indoor and outdoor sports. It hosts indoor games like table tennis, chess, Carrom board etc., and outdoor sports activities as well.

IIM Visakhapatnam Hostel

Students are housed in single/two separate buildings which are near the campus. The rooms are assigned on a double/triple occupancy basis. The Institute provides transportation to students for commuting between the Institute and hostels. All the rooms are fully air-conditioned and furnished.

Other facilities in the rooms include:

  • Wi-Fi & TV
  • Refrigerator
  • Discussion rooms
  • Dining hall
  • Indoor games like Pool Table, Caroms, Chess, Table tennis etc.

IIM Visakhapatnam Faculty and Alumni

IIMV has a well-known robust alumni network and a renowned team of faculty members. The faculty is experienced and is responsible for educating the students, preparing them for the next level of their lives, and shaping their careers, and they work in collaboration with the students for their welfare in every aspect. The total number of faculties at IIM Visakhapatnam is 35.

Comments

write a comment

FAQs on IIM Visakhapatnam

  • Yes, IIM Visakhapatnam offers good placements to its students. It was the best among the new IIMs in 2020. 100% placements were recorded, with the highest package offer of 22 LPA, while the average package stood at 13.5 LPA. The top recruiting companies were Yes Bank, ICICI Lombard, Amazon, Mu Sigma and so on.

  • In the IIM Visakhapatnam selection process, the following parameters will be considered:

    • CAT Score
    • Performance in Class 10, 12, and Graduation
    • WAT/GD-PI performance
    • Academic diversity
    • Gender diversity
    • Work experience
  • Approximately more than two lakh candidates apply for CAT every year. In 2020 it was 2.30 lakh. The total number of seats available in IIM Visakhapatnam has been increased to 120 students for PGP/MBA from its previous limit of just 60 candidates.

  • The category-wise IIM Visakhapatnam Cut Off.

    • General: 80
    • NC-OBC: 70
    • SC: 45
    • ST: 35
    • EWS: 70
    • PwD: 35
  • The application fees of IIMV are as follows:

    • General Candidates: INR 1000/-
    • NC-OBC & EWS Candidates: INR 500/-
    • SC/ST/PwD and Women Candidates: Nil
  • Let us look at the highlights of IIM Visakhapatnam placements.

    • Total Placement percentage: 100%
    • Participating Recruiters: 52
    • Average Packages: INR 62.264K/ Month
    • Highest Packages: INR 2 Lakhs/ Month
  • Top recruiters for IIMV were Amazon, Amul, Blue Star, Delhivery, Deloitte, ESAF, HCL, HDFC Bank, Infosys, ICICI Prudential, KPMG, among others.

  • The courses and fees offered at IIM Visakhapatnam are:

    • PG Programs: 14.33 Lakhs
    • PGCBM: 4.5 Lakhs
  • For the PGP batch of 2021, the qualifying cutoff for General category candidates is 80 percentile, and the overall percentile requirement is 94. However, for final admission, the final cutoff for IIM Visakhapatnam ranges between the 94-95 percentile.

  • IIM Visakhapatnam offers the following courses in the field of Management:

    • PGP
    • PGPDGM
    • PGP-Ex
    • PGCEP
    • EEP
    • PhD Programme

Follow us for latest updates