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IIM-Indore (IIMC)

IIM Indore is one of the prestigious management institutes established in 1996. IIM Indore has been ranked 8th by NIRF 2023. IIM Indore EPGP program has been awarded 89th rank among the Top 100 Global MBA courses by FT Ranking 2023. IIM Indore offers PGP, Executive PGP, PhD in the field of management. IIM Indore MBA fees is INR 21.1 Lakhs.
IIM Indore admission is based on competitive exams like CAT/ GMAT/ IPM MAT followed by a personal interview. IIM Indore CAT cut-off is 90 percentile (Overall). IIM Indore has shown a commendable performance in the 2023 placement drive with an average CTC of INR 25.01 LPA and the highest CTC of INR 49 LPA.

IIM - Indore Courses & Fees Structure 2024

IIM Indore (Indian Institute of Management Indore) is the sixth one among the IIM league that was established in India. The institution has gained prominence primarily due to its flagship PGPM program, which is highly regarded. IIM Indore is offering around 16 programs spanning post-graduate, executive, and doctoral levels. The IIM Indore MBA fees for the batch of 2024-26 stood at INR 21.17 Lakhs for domestic students, and INR 30.11 Lakhs for international students. The IIM Indore executive MBA fees for the batch of 2024-26 amounted to INR 22.11 Lakhs.

IIM Indore MBA Fee Structure

For Indian students through CAT:

Head PGP-1 (2024-25) PGP-2 (2025-26)
Academic Expenses Term 1 Term 2 Term 3 Total Term 4 Term 5 Term 6 Total
Course Fee 3,35,000 3,35,000 3,30,000 10,00,000 3,35,000 3,35,000 3,30,000 10,00,000
Alumni Fee GST @ 18% - - - - 11,800 - - 11,800
Medical Insurance Premium 679 - - 679 679 - - 679
Refundable Caution Deposit 50,000 - - 50,000 - - - -
Mess Deposit 18,000 18,000 18,000 54,000 - - - -
Total 4,03,679 3,53,000 3,48,000 11,04,679 3,35,679 3,35,000 3,41,800 10,12,479


For NRI/Foreign national students through GMAT:

Head PGP-1 (2024-25) PGP-2 (2025-26)
Academic Expenses Term 1 Term 2 Term 3 Total Term 4 Term 5 Term 6 Total
Course Fee 5,02,500 5,02,500 4,95,000 15,00,000 5,02,500 5,02,500 4,95,000 15,00,000
Alumni Fee GST @ 18% - - - - 11,800 - - 11,800
Medical Insurance Premium 679 - - 679 679 - - 679
Refundable Caution Deposit 50,000 - - 50,000 - - - -
Mess Deposit 18,000 18,000 18,000 54,000 - - - -
Total 5,71,179 5,20,500 5,13,000 16,04,679 5,03,179 5,02,500 5,06,800 15,12,479

IIM Indore Fees, Courses, and Eligibility Criteria 2024

IIM Indore Courses IIM Indore Fee Structure (INR) IIM Indore Eligible Criteria
PGPM Domestic: 21.17 Lakhs International: 30.11 Lakhs Intake: 480
Eligibility: Bachelor’s degree with at least 50% marks or equivalent CGPA
Selection Process: CAT + GD/WAT + PI (Personal Interview)
EPGP 22.11 Lakhs Intake: 57
Eligibility: 50% in a four-year bachelor’s degree in any discipline OR 50% in a three-year bachelor’s degree with 50% in a master’s degree OR 50% in a five-year integrated program and a minimum 5-year of managerial/entrepreneurial/professional experience after graduation
Selection Process: GMAT + Personal Interview (PI)
IPM 36.17 Lakhs Intake: 150
Eligibility: Candidates should have passed standard XII/HSC or equivalent examination and should have passed standard X/SSC and should have been born on or after August 01, 2003. 
Selection Process: IPMAT Indore + Written Ability Test (WA) + Personal Interview (PI)
PGP-HRM 18.42 Lakhs Eligibility Criteria: Bachelor’s degree OR complete professional degree (CA/CS/ICWA/FIAI) with at least 50% of marks 
Selection Process: CAT + GD/WAT + PI (Personal Interview)
FPM Commitment Fee: 75,000 Stipend: 30,000 per month Intake: 34
Eligibility Criteria: Master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent.   Selection Process: CAT/GRE/JRF/GMAT/GATE + Personal Interview (PI)
EFPM 9.8 Lakhs Intake: 20
Eligibility: Minimum 5 years of managerial/entrepreneurial/professional experience with a master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent.
Selection Process: CAT/GRE/JRF/GMAT/GATE/RAT(Research Aptitude Test) + Personal Interview (PI)
EFPMG 9.8 Lakhs Eligibility: Minimum 5 years of experience working as an officer with a master’s or postgraduate diploma with at least 60% marks OR professional qualifications CA/ICWS/CS with at least 50% marks OR A five-year integrated master’s degree with at least 60% marks OR First class/equivalent bachelor’s degree with a minimum CGPA of 6.5 out of 10 or equivalent.
Selection Process: RAT(Research Aptitude Test) + Personal Interview (PI)
PGPMX 17.6 Lakhs Intake: 19
Eligibility: Bachelor’s degree or its equivalent with at least 50% marks and with a minimum of 5 years of full-time managerial/professional experience after the bachelor’s degree
Selection Process: PGPMX Aptitude Test + Personal Interview (PI)

IIM Indore Hostel Fees 2024

IIM Indore provides accommodation options for students in its hostels, offering both single-seater and twin-sharing rooms. These accommodations are segregated by gender, with separate blocks or floors for men and women. The hostel buildings are situated around the canteen and are interconnected, typically organized in groups of three blocks. The cost of staying in the IIM Indore hostel is INR 54,000.

Head Amount in (INR)
Hostel Charges 20,000
Miscellaneous Fees 15,500
Refundable Caution Fees 5,000
Total 40,500


S.No Heads 2024-25
1 Hostel Charges 20,000
2 Mess Deposit 54,000
Grand Total 74,000

IIM Indore Admission 2024

IIM Indore will be accepting applications for admissions 2024 after the CAT results will be out. IIM Indore offers MBA, Executive MBA, Integrated MBA, PhD, and Executive PhD in various areas of management.
Apart from MBA, IIM Indore also offers Integrated Program in Management on UG level. The program facilitates BBA+ MBA degree from IIM Indore. For admission to the program, IIM Indore conducts IPMAT exam. Final Admission offer is dispatched on the basis of candidates' interview performance and Aptitude Test. Also, IIM Indore offers PGPMX/ PGPWE through its Mumbai campus and GMPE program for working executives. Candidates with a 5-year of work experience are eligible for PGPMX while at least 3-year work experience is required for GMPE. Admission to PGPMX is based on PGPMX Aptitude Test followed by PI. Check IIM Indore Courses & Fees. At the Research level, IIM Indore offers FPM, EFPM and newly launched EFPMG programs. Admission to these programs is based on CAT/ GRE/ GATE/ GMAT/ JRF score followed by PI. IIM Indore conducts the RAT exam for granting admission in EFPM and EFPMG.

IIM Indore PGP/ PGP-HRM Admissions 2024

Admission Stage Description 
Register for CAT The interested candidates will have to register themselves for CAT and also apply to PGP of IIM Indore in the same form.
CAT Exam The applicants will have to appear for CAT conducted at various centers across India.
Shortlisting for Personal Interview The candidates from each category will be shortlisted for the PI, on the basis of CAT scores 
Personal Interview  The PI round will be held offline in Bangalore, Chennai, Delhi, Hyderabad, Indore, Kolkata, and Mumbai.
Final Merit List The merit list of the selected students will be prepared based on the final composite score, calculated by the 10th, 12th, CAT, and PI scores.


IIM Indore PGP/ PGP-HRM Admission Dates 2024

PGP/ PGP-HRM
CAT Registration Starts August 02, 2023
CAT Registration Closes September 20, 2023
Admit Card release date October 25, 2023
Exam Date November 26, 2023
Shortlist for PI January 2024 (Tentative)
PI Form 16 January 2024 (Tentative)
Personal Interview March 2024 (Tentative)
Release of Final Merit List 10 May 2024 (Tentative)


IIM Indore PGP/ PGP-HRM Selection Criteria

IIM Indore has a 3 stage process to select the candidates for its MBA program.


IIM Indore CAT Cut-off 2023

All candidates who have applied for the PGP program should fulfill the eligibility criteria mentioned by CAT 2022 and should have scores above the minimum CAT cut-off percentile. The CAT cut-off has been mentioned in the table below:

IIM Indore Cut-off for PGP
Category Overall QA DILR VARC
General 90 80 80 80
EWS 90 80 80 80
NC-OBS 80 70 70 70
SC 60 55 55 55
ST 45 40 40 40
PwD 45 40 40 40


IIM Indore Cut-off for PGP-HRM
Category Overall QA DILR VARC
General 70 60 70 80
EWS 60 55 60 65
NC-OBS 60 55 60 65
SC 55 50 50 55
ST 45 40 40 40
PwD 45 40 40 40


IIM Indore Shortlist for Personal Interview 

The candidates who satisfy the criteria in stage 1 will be considered in stage 2. The candidates from each category will be shortlisted for PI, based on the composite score. The composite score will be calculated based on the 10th mark, 12th mark, CAT score, diversity factor, and work experience. The details to calculate the composite score are given in the table below:

IIM Indore Composite Score Calculation for PGP
Components Score 
10th score 32[Z candidate - Z minZ max - Z min]
12th score 40[Z candidate - Z minZ max - Z min]
CAT score 20[Candidate's CAT overall scoreHighest CAT overall score]
Diversity Factor 6
Composite Score  = Sum of all the above score


IIM Indore Composite Score Calculation for PGP-HRM
Components Score 
10th score 20[Z candidate - Z minZ max - Z min]
12th score 20[Z candidate - Z minZ max - Z min]
CAT Overall Score 20[Candidate's CAT overall scoreHighest CAT overall score]
Gender Diversity Factor (GDF) Only for the Female Candidates 10
Academic Diversity Factor 20
Work Experience 0 - 10
Composite Score  =Sum of all the above score


IIM Indore PGP/ PGP-HRM Final Selection

The final selection merit list will be prepared after the candidates shortlisted in Stage 2 have appeared for PI. Category-wise merit list will be prepared based on the Final Composite Score (FCS), which will be calculated based on the 10th mark, 12th mark, CAT score, PI score, and diversity factor.

IIM Indore Final Composite Score Calculation for PGP
Components Score 
10th score 10[Z candidate - Z minZ max - Z min]
12th score 10[Z candidate - Z minZ max - Z min]
CAT score 20[Candidate's CAT overall scoreHighest CAT overall score]
PI Score 40[Z candidate - Z minZ max - Z min]
Composite Score  = Sum of all the above score


IIM Indore Final Composite Score Calculation for PGP-HRM
Components Score 
10th score 10[Z candidate - Z minZ max - Z min]
12th score 10[Z candidate - Z minZ max - Z min]
CAT Overall Score 10[Candidate's CAT overall scoreHighest CAT overall score]
PI Score 40[Z candidate - Z minZ max - Z min]
Gender Diversity Factor (GDF) Only for the Female Candidates 5
Acacemic Diversity Factor 20
Final Composite Score  = Sum of all the above score


IIM Indore Admission: How to Apply for MBA/ MBA-HRM?

  • interested candidates will have to visit the CAT official website or www.iimcat.ac.in.
  • They can start by registering themselves, which will provide them with system-generated login credentials.
  • They can then log in to their account and start filling up the application form with all the personal, academic, and professional details and upload all the required documents.
  • Then they will have to choose the course and the institute, where they will have to click on ‘PGP of IIM Indore’ and choose the exam center. 
  • Once they have completed the form, they can submit it and pay the application fee.

IIM Indore EPGP Admission 2024

Admission Stage Description 
Application Form Fill out the application form available at IIM Indore website.
Shortlisting for PI The candidates will be shortlisted for the PI, based on their GMAT score.
Personal Interview The shortlisted candidates will have to appear for a personal interview conducted offline/ online through Zoom.
Final Selection  The final selection will be done on the basis of a composite score calculated based on the GMAT score and PI score. The selected candidates will be sent a provisional admission offer.


IIM Indore EPGP Admission Dates 2024

EPGP
Events Dates (Tentative)
Newspaper Advertisement August 24, 2023
Application Window September 01, 2023 - October 31, 2023
Announcement of PI Shortlist November 25, 2023
Interview Dates December 03 - 04, 2023
Provisional Admission Offer December 27, 2023
Last Date for Accepting Offers January 13, 2024
Program Registration  April 06, 2024
Commencement of Classes April 10, 2024


IIM Indore EPGP Admission Process 2024

The candidates will be shortlisted on the basis of their GMAT scores. The shortlisted candidates will have to appear for a Personal Interview. The final merit list will be prepared based on the composite score and the provisional admission offer will be made. 

The components for calculating the composite score are as follows:

Components Weightage
GMAT Score 50
Personal Interview Score 50


IIM Indore Admission: How to Apply for EPGP?

Interested candidates will have to fill out the online application form available at the official website of IIM Indore. They will have to provide all the details, upload the documents and pay the non-refundable application fee of INR 5,900.


IIM Indore PGPMX Admission 2024

Admission Stage Description
Application Form  The candidates will have to fill out the application form available on the IIM Indore website. 
Aptitude Test & Interview  The candidates will have to appear for PGPMX Aptitude Test and interview that can be held on the same day or other.
Offer of Admission The candidates will be selected based on their overall performance in the Aptitude test and interview and will be sent an admission offer.
Acceptance of Admission  The selected candidates will have to accept admission to PGPMX within the given time and pay the commitment fee to confirm their admission.


IIM Indore PGPMX Admission Dates 2024

PGPMX
Events Dates (Tentative)
Last Date for Application June 11. 2024
PGPMX Aptitude Test & Interview  June 18, 2024
Inauguration & Orientation  July 2024


IIM Indore PGPMX Selection Criteria

The candidates will be selected based on their overall performance in the PGPMX Aptitude Test and the Personal Interview.


IIM Indore Admission: How to Apply for PGPMX?

The interested candidates will have to fill out the application form available at the IIM Indore website and pay the non-refundable application fee of INR 5,000.

IIM Indore IPM Admission 2024

Admission Stage  Description
Application Form The eligible candidates should fill out the online application available at the IIM Indore website. 
IPM AT  The candidates who fulfill all the eligibility criteria will be called for an Aptitude Test conducted across 34 cities in India.
Shortlist for Personal Interview An Aptitude Test Score will be generated based on the candidate's scores in the 3 sections of the AT, and it will be used to create a merit list of candidates shortlisted for the PI.
Personal Interview The shortlisted candidates will have to appear for the personal interview conducted online or offline.
Final Selection  A category-wise merit score will be prepared based on the composite score, which is calculated on the basis of the Aptitude Test Score and Personal Interview.


IIM Indore IPM Admission Dates 2024

Event Dates (Tentative)
IPMAT Form Available March 8, 2024
Last Date to Apply April 17, 2024
Edit Window April 24 - 25, 2024
IPM MAT 2024 Admit Card Download Start Date June 02, 2024
IPMAT 2024 Exam date June 16, 2024
Objection Window June 20 - 21, 2024
IPMAT 2024 Result Date July 5, 2024
Personal Interviews for Shortlisted Candidates July 17 - 20, 2024
Provisional Admission offers August 2024 last week
IPM 2024 - 29 Program registration August 2024 last week


IIM Indore IPM Selection Criteria

The candidates will be selected based on their performance in the Aptitude Test (AT) and the personal interview. 


IIM Indore IPMAT

The aptitude test will have 3 sections, Quantitative Abilty (MCQ format), Quantitative Ability ( Short answer question format), and Verbal Ability (MCQ format). The candidates will have to score a minimum mark in each of the 3 sections. The minimum cut-off marks for each category will be decided by the Admission Committee.

The IPMAT 2023 sectional cut-off is mentioned in the table below:

IIM Indore Cut-off: IPMAT Sectional Cut-off
Category Quantitative Ability SA Quantitative Ability MCQ Verbal Ability Female Count Male Count Total Candidates
EWS 4 26 98 17 66 83
General 12 39 125 92 184 276
NC-OBC 4 23 91 61 134 195
PwD 4 5 43 5 15 20
SC 4 15 69 29 80 109
ST 4 5 43 14 32 46


IIM Indore IPMAT Candidates who secured the Exam by scoring minimum cutoff is as follows:

Category Female Male Total Candidates
EWS 150 420 570
General 2945 4093 7038
NC-OBC 427 854 1281
PwD 7 24 31
SC 91 232 323
ST 20 50 70
Grand Total 3640 5673 9313


IIM Indore IPM Personal Interview

The minimum and the maximum ATS for all the categories are mentioned in the table below:

IIM Indore Cut-off: IPMAT ATS Cut-off 2023
Category Count Minimum ATS Maximum ATS
EWS 83 27.49844 70.71719
General 276 43.69076 82.33909
NC-OBC 195 22.53077 79.51334
PwD 20 5.73298 60.37080
SC 109 14.00530 61.96987
ST 46 2.43328 45.44232


The merit list will be generated based on the Aptitude Test Score (ATS) and a sufficient number of candidates from each category will be shortlisted for the interview. The ATS will be calculated through the marks scored in the 3 sections of the Aptitude Test.  

Components Score (Weight)
Score in Quantitative Ability (MCQ) Section 25[Candidate's Score - Minimum ScoreMaximum Score - Minimum Score]
Score In Quantitative Ability (SA) Section 25[Candidate's Score - Minimum ScoreMaximum Score - Minimum Score]
Score in Verbal Ability (MCQ) Section 50[Candidate's Score - Minimum ScoreMaximum Score - Minimum Score]
Aptitude Test Score (ATS) = Sum of the above


IIM Indore Final Selection for IPM

The final selection of the candidates for the IPM program will be based on the composite score, calculated through the Aptitude Test Score (ATS) and Personal Interview. A category-wise final merit list will be generated. 

Component Score 
Aptitude Test Score (ATS) 65
Personal Interview Score  35
Composite Score = Sum of the above


IIM Indore Admission: How to Apply for IPM?

  • The eligible candidates can fill out the application form for IPM, available on the IIM Indore website. They will have to fill out the application form with all the required details and pay the application fee of INR 4,130 (INR 2,065 for SC/ ST/ PwD).
  • Candidates belonging to EWS, NC-OBC, SC, ST, and PWD categories will have to produce a valid caste/ category certificate.

IIM Indore FPM/ EFPM Admission 2024

Admission Stage Description 
Application Form The eligible candidates can fill out the application form available on the IIM Indore website.
Shortlist for Personal Interview Based on the eligibility criteria and scores in the standard tests like CAT/ GRE/ GMAT/ GATE/ JRF, the candidates will be shortlisted for a Personal Interview. EFPM candidates can also appear for RAT if they have not appeared in any of the above-mentioned exams.
Personal Interview  The shortlisted candidates will have to appear for PI, which will be conducted at IIM Indore.
Final Selection Final selection will be based on the performance of the candidate in PI and a provisional admission offer will be made.


IIM Indore FPM/ EFPM Admission Dates 2024

FPM/ EFPM
Events Dates (Tentative)
Last date for Submission of Online Application February 28, 2024
RAT conducted by IIM Indore (accepted for EFPM) Last Week of March 2024
Personal Interview  March - April 2024
Offer Letter -
Commencement of Class July 2024


IIM Indore FPM/ EFPM Selection Criteria

The candidates are selected for the FPM and EFPM program based on the following criteria mentioned below:


IIM Indore FPM/ EFPM Standard Tests

The candidates will be shortlisted based on the scores of the standard tests like CAT/ GRE/GMAT/ GATE/ JRF/ RAT. The shortlisted candidates will be called for a personal interview.

IIM Indore FPM/ EFPM Personal Interview 

The shortlisted candidates will have to appear for the interview, where they will be judged based on different parameters decided by the Admissions Committee. Candidates will have to meet the minimum performance in all the PI parameters to be shortlisted for the next round.


IIM Indore FPM/ EFPM Final selection

The final selection will be based on the requirements of the academic area for which the candidates have applied. A category-wise and Academic Area-wise merit list will be generated based on the performance in the PI and a provisional admission offer will be made.

IIM Indore Admission: How to Apply for FPM/ EFPM?

  • The candidates seeking admission to the FPM/ EFPM program can fill out the application form available on the IIM Indore website. They will have to fill out the application form with all the required details
  • A complete application should include Personal Details, Educational Qualifications, Standard Test Score details, Employment history & references, Academic Achievements, and a Statement of Purpose.
  • At last they will have to pay the application fee of INR 1,000 (INR 500 for SC/ ST/ PwD) for the FPM program and INR 3,000 (INR 4,500 if applying for two areas of specialization) for the EFPM program. 

IIM Indore EFPM Admission Criteria 2024

Admission Stage Description 
Application Form The eligible candidates can fill out the application form available at the IIM Indore website.
RAT  RAT will be conducted by IIM Indore to shortlist the candidates for PI.
Personal Interview The candidates shortlisted based on their performance in the RAT will have to appear for PI.
Admission Offer The final selected candidates will be made an offer for admission.


IIM Indore EFPMG Admission Dates 2024

EFPMG
Events Dates (Tentative)
Last date for submission of Application Form May 2024
RAT 2024 May 2024
Personal Interview  May 2024
Admission Offer -
Commencement of Class Mid July 2024


IIM Indore EFPMG Selection Criteria

The candidates will be selected on the basis of their academic eligibility, the Research Aptitude Test (RAT), and a Personal Interview 

  • The RAT test will be conducted by IIM Indore and it will test the candidate’s quantitative ability, verbal ability, and research aptitude. 
  • The candidates will be shortlisted based on their performance in the RAT and will be called for a personal interview. 
  • The final selection will be based on the candidate’s performance in the PI and the successful candidates will be made an offer to join the program.

IIM Indore Admission: How to Apply for EFPMG?

The candidates who are interested in seeking admission to the EFPMG program at IIM Indore should fill out the application form available at the official website of the institute. The candidates will have to provide all the details and pay a non-refundable application fee of INR 3,540 and INR 5,310 if applying for two areas of specialization.

IIM Indore Entrance Exams Accepted

IIM Indore Courses Exams Accepted
PGP CAT
PGP-HRM CAT
EPGP GMAT
PGPMX PGPMX Aptitude Test
IPM IPMAT
FPM CAT/ GRE/ GMAT/ GATE/ JRF +
EFPM CAT/ GRE/ GMAT/ GATE/ JRF/ RAT
EFPMG  RAT

IIM Indore : Placement

IIM Indore Placements 2023 final reports are released. IIM Indore highest package increased by about 133% at INR 1.14 CPA whereas IIM Indore average package increased by about 21% at INR 30.21 LPA. Consulting domain emerged as the top domain during IIM Indore Placements 2023. A total of 160 recruiters inluding 80 new recruiters visited IIM Indore campus. Some of the prominent recruiters included Accenture Strategy, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, BCG, Deloitte India, Deloitte USI, Everest Group, etc.
IIM Indore Summer Internship Placements 2024 reports are released. A total of 140 recruiters, with 55 new recruiters visited the campus to provide internship opportunities to the batch of 606 students. IIM Indore highest stipend stood at INR 6 lakhs and IIM Indore average stipend stood at INR 2.74 lakhs. IIM Indore witnessed a 50% increase in the highest stipend and a 37% increase in the average stipend.

IIM Indore Placements 2023 Report :->>>

IIM Indore Placement report of the academic batch 2021-23 is mentioned below:

Particulars Placement Statistics 2023 Placement Statistics 2022
Batch Size 568 572
Total Recruiters 160  180 
New Recruiters  80 30
Highest Package INR 1.14 CPA INR 49 LPA
Average Package INR 30.21 LPA INR 25.01 LPA
Median Package INR 27.2 LPA INR 24.09 LPA
Increase in Highest Package 132.6% -
Increase in Average Package 20.8% 6%
Increase in Median Package 12.0% 6.6%
Top Recruiting Domains Consulting  Consulting 
Top Recruiters  Accenture Strategy, Acuvon Consulting, Aspect Ratio, Avalon Consulting, Bain & Company, BCG, Deloitte India, Deloitte USI, Everest Group, etc. Accenture Strategy, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Eversana, Ernst & Young, Infosys Management Consulting, KPMG, etc.


IIM Indore : Scholarship

IIM Indore has initiated various Need-Based Financial Assistance (NBFA) for students with a low family income. Apart from NBFA, there are a variety of scholarship programmes being hosted by the Government of India and several industries/ corporations within IIM Indore.
Have a look on all types of financial aid provided in IIM Indore:-


IIM Indore Scholarships

Need-Based Financial Assistance (NBFA)


  • The NBFA scholarships are offered by the PGP Executive Committee and NBFA Committee at IIM Indore. 
  • Students with a gross family income not exceeding INR 4,50,000 in the previous year are eligible for NBFA Scholarships. 
  • Here is a detailed amount of financial aid given to students based upon family income slabs:-

Family Income in previous year (in INR) Reimbursement Provided
<= 1,50,000 75% of tuition fee
1,50,000 - 2,00,000 50% of tuition fee
3,00,000 - 4,50,000 25% of tuition fee


Scholarships offered by Central Government of India

  • Central Sector Scholarship for SC/ST Students
  • Students whose gross family income in the previous financial year has been less than INR 4,50,000 are eligible for the Central Sector Scholarship.
  • The financial support is available for only those students who belong to the SC/ST categories. As reimbursement, this scholarship covers major finances such as 

  1. i) tuition fees, 
  2. ii) non refundable charges,

iii) lodging & boarding charges, 

  1. iv) books & stationery charges and 
  2. v) cost of IT equipment for the first year.
  • Minority Welfare Scholarship (Merit-cum-Means)

The financial assistance is reserved for students whose family income does not exceed INR 2,50,000 per annum. 

The Minority Welfare Scholarship is a merit based financial aid provided by the Ministry of Minority Affairs, Govt. of India.


Scholarships offered by Industries 

Apart from the NBFA and the scholarships offered by the Government of India, there is financial assistance available from industries as well. Here are a few of them mentioned below:-

Aditya Birla Scholarships


  • For the meritorious students since 1st year, Aditya Birla Group of Industries provide financial support under Aditya Birla Scholarship Programmes.
  • Students who perform well in the first year and are among the top 25 performers in terms of their CGPA are eligible to continue for Aditya Birla Scholarships even in the second year.
  • A total of 1 or 2 students are selected to avail Aditya Birla Scholarships. The reimbursement amount received by selected students is INR 1,75,000.

OPJEMS Scholarships

  • Top 20 students from the second year based upon their previous year grades/ CGPA are eligible to apply for OPJEMS Scholarships. 
  • Only 1 or 2 students are selected for utilizing OPJEMS Scholarships based upon the eligibility criteria. Students are selected based upon a written test and a personal interview. 
  • The reimbursement amount that selected students will receive is INR 1,25,000. 

State Bank of India Scholarships

  • The SBI Scholarships are merit-based in nature and provided on a yearly-basis. 
  • An amount of INR 1,50,000 is received as reimbursement amount by the qualified students.

Eicher Scholarships

  • Eicher Scholarships are provided to deserving students on a merit-basis every year, with an amount of INR 50,000.

IIM - Indore FAQ

The highest package at IIM Indore stood at INR 1.14 LPA, during the 2023 placements.
The average package at IIM Indore stood at INR 30.21 LPA during the 2023 placements.
The median CTC at IIM Indore stood at INR 27.2 LPA during the 2023 placements.
Yes, there has been an increase in the salary statistics of IIM Indore in the 2023 placements. The highest CTC has increased by 132.6%, the average CTC by 20.8%, and the median CTC by 12% than the previous year.
A total of 160 recruiters visited IIM Indore during the 2023 placement drive, and among them, 80 were new recruiters
IIM Indore has witnessed a 100% placement during the summer internship placement of batch 2022-24.
Around 140 recruiters visited the campus for the summer internship placement of batch 2022-24, and among them, 55 were first-time recruiters.

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