Yes, banks like the State Bank of India and Canara Bank do offer loans. Due to the fact that these loans are primarily for education, you only have to pay interest at a floating rate for the duration of the course. Several other private banks also offer student loans.
After the course is over, you begin making principal payments. Also, there is a 6-month restriction on student loan payments. This means that until you complete the course plus six months after the course, neither you nor your parents or guardians are required to make payments on the loan. After the moratorium period, you must begin making monthly loan payments or risk losing your home.
Almost over 15000 apply for the IPM program at IIM Indore. For each seat, you will be competing with 10 students at least. In 2018, 15901 students had applied and only 886 students were shortlisted for the interview round.
To get selected, you will have to give an aptitude test along with a WAT and then appear for a personal interview round. All these tests will evaluate you as a person and not just your knowledge and skills.
If you are applying for this course, you should have a plan B in case you don't get selected as no other IIMs offer this college. Very few students get selected for the IPM IIM Indore course as the selection criteria for this course is very difficult and you have to be very good at academics to get selected in this course.
IPM IIM Indore, and B.Tech. IIT are not any better.
Many engineers pursue their MBAs after completing their engineering degrees. Because management and engineering jobs are distinct and an MBA should be pursued in the engineering field after gaining some experience, employers are becoming warier of hiring such people today.
Many students discover they are not interested in their chosen field and subsequently lose interest in engineering or management. So, you must first decide what you are interested in. Both courses are worthwhile, but only after you determine your areas of interest.
If you are only interested in the management sector, choose IPM; however, if you are interested in engineering, choose IIT because getting into this esteemed institution is already a herculean task. Additionally, keep in mind that no institute can guarantee great success unless you pursue the courses with a laser-like focus and are prepared to put in the work. As such, choose your course with the utmost concentration.
Integrated Program in Management (IPM) in IIM Indore provides a very good foundation for the management course. It has a total intake of 120 students each year and the course has grown over the years.
Here are some of the reasons why you should join this course.
Particulars | Statistics |
Average Salary | 23.60 LPA |
Highest Domestic Salary | 41.50 LPA |
Highest International Salary | 56.80 LPA |
Total Recruiters | 210+ |
All in all, there are various compelling reasons for you to join the IPM course at IIM Indore. But it should be your choice rather than because I am telling you.
This is entirely a matter of your choice or preference. Both these courses have a very different offering from each other in terms of learning. One is a double bachelor (BA LLB) and the other is a Bachelor's + Master’s degree (BBA-MBA). You can choose one or the other on the basis of your interest. If you are someone who wants to pursue a career in law and be a lawyer, you should pick the course from NLSIU, and if the Management and business side of things is where your interests lie, the clear choice is IIM Indore.
If placements are what concern you, IIM Indore is the winner as compared to NLSIU. IIM Indore’s Integrated Programme in Management has an average pay package of about 20 lakhs per annum which is way more than NLSIU’s median at 12 lakhs per annum for a BA LLB graduate. Along with this, IIM Indore also offers opportunities to be placed abroad, and those who get placed abroad can get a package up to 90 LPA, on the other hand, NLSIU doesn’t have much scope for placements abroad and the few that take place don’t garner more than a 20L PA package.
The first three years of the IPM course at IIM Indore is a combination of Humanities, Economics, and Mathematics. You also get to learn a bit about Information Technology. The 3 years revolve around three major elements.
There is a Rural Management Program to understand the bottom of the pyramid. You will also have a Himalaya-bound trip. A social internship and foreign exchange program are also conducted. These are also followed by many group interactions. There are a lot more things that take place in the first three years.
The hostel life of IPM students at IIM Indore is good. You will experience great things at the hostel. A lot of young, energetic, and enthusiastic people, who came from different parts of India, are a part of this flagship program.
You will have a lot of fun amidst the incessant deadlines for class presentations, group projects, and unforgiving quizzes. On Saturdays, you can go to the auditorium where the latest films are screened, or play a game of tennis to hone your skills.
No matter how lethargic you may be, there is a guarantee this place will not let you sit idle. The student activity council meets at 11:45 pm to football matches at 2 am, this place shall always keep you busy.
This is a question which is difficult to answer. But let me share my friend’s experience which might give you a clear idea.
I can say only about his coaching center which was TIME CP center. According to the placement report of the IIM Indore for the year 2021, there were 107 IPM students in the latest pass-out batch of 2016-21. His center had around 30-40 students preparing for IPM at IIM Indore and of those only 1 got selected.
He was an IPM at IIM Indore aspirant. But the composite score cut-off in the year 2018 was 50.75 and he was way below it.
If answering questions is a habit for you, the NCERT book is sufficient. Be sure to read through each and every example. The quant portion would be more or less covered by that.
You can purchase a few competitive books by local authors for the logical reasoning, comprehension, and related section, which calls for time-bound critical thinking. As much as you can, speak English with your friends.
Keep in mind that the foundation must be solid. Try using your fundamental knowledge to step-by-step solve even the most challenging problems. Even if you think the practice questions are simple, don't skip any. Solve problems using paper and a computer. To learn time management, take practice tests.
IIM Indore is ranked 12th in the Outlook ICare MBA Ranking 2021. It is one of the most prestigious management institutes in India with a huge brand name.
Overall, the prestige of this course will grow in the future when the alumni base for the program will strengthen.