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What is IPM of IIM Indore like and what are the placements available?
IIM Indore IPM is a good course. The curriculum is diversified. Other than the course subjects you can learn programming languages, different foreign languages, performing arts, etc. The course work is rigorous and keeps students on their toes. Students have the freedom to explore different co-curricular and extra-curricular activities. After initial three years of the course, IPM batch is combined with the upcoming PGP branch. All lectures and placements take place collectively.
IIM Indore placements for IPM have been good for the last few years. During the recent placement drive, IPM students received an average CTC of INR 20.79 LPA. The highest CTC (international) offered was INR 82.25 LPA.
I can't afford the fees of IIM Indore IPM. Should I stop dreaming about it?
You must not give up your dream of joining IPM at IIM Indore just because of financial constraints.
IIM Indore provides financial assistance to students who need it. The Need Based Financial Assistance (NBFA) at IIM Indore makes sure that no student is deprived of education at the prestigious college simply because of lack of finances. Every IPM student with a family income below 9LPA is eligible to apply for financial aid.
The NBFA committee decides the number of awardees and the amount of aid. A certain amount is provided for eligible students by the committee, which differs from year to year. The family income and assets of the student are considered before deciding the aid amount. The disciplinary records of a student are also looked into before offering aid. Other than that, banks also offer education loans to students of IIM Indore.
Do not give up on your aim, and work hard to secure a seat into IPM at IIM Indore.
I can’t afford the fees of IIM Indore IPM. Should I stop dreaming about it?
Coming from a financially challenging background, it is highly unlikely that you are interested in management purely out of interest. Now, you can think about IPM if you want to study management. Banks will grant loans to you without requiring much in the way of security. Additionally, since those loans will be your responsibility, your parents won't be responsible if you later become unable to make your payments due to unforeseeable circumstances.
Now for the next thing. Since you haven't specified your level of knowledge and skills, If you are currently brilliant, my recommendation is that you enroll in any graduate program that you like or would be your second choice. Look into B.Com and BBA as they can be sensible options, and if your interest still holds after earning your bachelor's degree, try to get into FPM or IIM Indore.
IPM isn't simple to get into, and if you stop and think about it, you can get along just fine without it too.
TLDR: Of the top 20 or 30 B-schools, IPM has one of the lowest ROIs. An MBA will cost you INR 14 while giving you a better understanding if you want to pursue management. Your entire course fee may be around INR 30 lakhs.
How is the hostel life of IPM students at IIM indore?
Apart from the hostel curfew, everything is great at the IPM hostels of IIM Indore. The hostels have all the necessary facilities. You’ll get used to the hostel life, and learn to manage everything on your own. You’ll make lifelong friends, and live some of the best years of your student life. Living away from home will make you more independent and self confident.
Would you chose Ashoka University or IIM Indore's IPM programme?
You don't have much of a problem if your interests are in the sciences or literature and you don't have a preference for business or management. Clearly, Ashoka is the superior choice. In a similar vein, IIMI is the better choice if business/management or their related fields are of interest to you. Although neither is firmly established, Ashoka offers a more liberal arts university environment while IIMI offers a more business school environment due to the inherent structures of the programs and institutes. Because it is a liberal arts course, the IPM course is fairly nuanced. The Ashoka courses are no exception, particularly those in economics and finance.
IPM's undergraduate program has no concept of "major" or specialization, just like the MBAs at IIMs. Math, statistics, economics, social sciences, and communication are all required subjects. In the end, Ashoka is a liberal arts college and IIMI is a business school. Even the most widely studied subject, economics, will be taught and learned very differently in each location. Again, you'll have to decide which you like best.
It's conceivable that Ashoka has the resources to send you to Ph.D. programs. Given the substantial alumni presence in business, IPM might be better able to place you in professional settings. Having said that, they are not mutually exclusive; you can pursue a Ph.D. after IIMI or an MBA after Ashoka.
I got a waitlisted rank of 47 for IPM IIM Indore. Do I have a chance?
Last year one of my friends got selected for IPM in IIM Indore and he was selected with a waitlist rank of 41. While most of his batchmates also got around the same rank. So, there is a good chance that you will get admission too.
- 47 is not a bad rank at all for IPM Indore as my friend and some of his batchmates also got a waitlist rank of around 40.
- In recent years, the IPM course has gained immense popularity, thus you can’t have a 100% guarantee of getting selected.
At last, you have fairly high chances but still, it isn’t sure because of the booming inflow of candidates.
I have brought Pearson 's Crack IIM Indore IPM entrance exam. Will this be sufficient or should I buy 1st edition as well? Any other book suggestions?
According to one of my friends, who is an alumnus of IIM Indore, books like Pearson’s are not sufficiently good for preparation. Most of them are outdated and follow the old syllabus and the question type that was asked previously during the exams. If you want to crack the entrance exams for IPM, then you need to be consistent while preparing for the exam and thorough with all the concepts.
You can refer to the basic NCERT books along with Wren and Martin's latest edition for the same. These books can help you immensely to improve your vocabulary.
Be consistent with your preparation, and you should be through.
Why is there so much waitlist movement in IIM indore and Kozikode?
When you approach this issue analytically, it becomes surprisingly simple to comprehend. Here are a few of the best colleges along with an estimated number of seats overall.
- IIM Ahmedabad - More than 400
- IIM Bangalore - More than 400
- IIM Calcutta - More than 400
- IIM Lucknow - More than 400
- XLRI - Around 360
- FMS - Approximately 200
- SP Jain - Around 240
There are more than 2400 seats available if you only take the aforementioned colleges into account, and most students who are converting to those institutions will likely choose them over Kozhikode or Indore. The majority of those on the first list who convert also receive calls from these colleges, which convert them.
As a result, there is a significant overlap of candidates, which causes Indore and Kozikode to move up the waitlist quickly. Please keep in mind that the number of buffer calls made also affects how far along the waitlist a person is. Maybe the high waitlist movement is being caused by I and K making fewer buffer calls.
What do you have to say to a student who just got into IIM Indore's IPM program?
My friend is a senior at IIM Indore for the same course. As a senior, he has the following pieces of advice and recommendations for his juniors.
- Spend quality time with your family and friends before joining. Do things you have been willing to do for a long time but couldn't. This is because once you begin your hectic life here, you won't get time for anything else.
- Refrain from being a part of any clubs and fests in the initial year. Rather focus more on academics.
- Your peers will be from diverse backgrounds. Some may find it difficult to interact with them. It's okay if you don't befriend them just don't look down on anyone. Everyone here is a genius who has made it into an IIM after many struggles. On the brighter side, peers from all over the country add to the experience and fun.
- Try to make the most out of the library of the institution. You have a prior subscription included in your fees so you are free to explore the huge variety of books here.
- Read the IPM Manual given in the orientation thoroughly.
- Inculcate some extra skills like Excel or typing that might come handy in the future.
- Don't hesitate from approaching the professors for any kind of doubts. They are very humble and cooperative.
- Seek help from our seniors as they are more than ready to help in any situation.
- Last and most important, learn basic E-mail writing etiquette before the actual program begins. This will save you from embarrassing yourself in the future.
All these points will help you avoid some major blunders committed by seniors. But remember everyone makes mistakes in their college life. What matters is how you tackle it and what you learn from it.
How do I start preparing for IPM IIM Indore, effectively?
The first thing you should focus upon is brushing up your grammatical skills, alongside your vocabulary. You should understand the fundamental topics of the 10+2 mathematics section, including basic functions and probability.
Most of the quantitative ability questions, while being essentially hard to solve, are of the level of class 9 and 10. However, there are times when certain questions can be trickier than others, even if you are good at Maths.
Practice improving your calculation speed since the time allotted is crucially low. The time allotted is 75 minutes with 45 minutes reserved only for the quantitative section.
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