IIM Amritsar - Indian Institute of Management Answered Questions

The institute has disclosed the average package 2024 for the top quartile. The table below depicts the IIM Amritsar average package for the past three years:ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)Overall average packageINR 14.63 LPAINR 16.51 LPAN/ATop quartile average packageINR 18.54 LPAINR 20.57 LPAINR 19.73 LPATop 50% average packageN/AINR 19.54 LPAN/A

Generally, applicants to IIM Amritsar must have a CAT percentile in the 90–95% range for the general category. Nevertheless, a variety of variables, including the quantity of applications, the availability of seats, and the category (OBC, SC, ST, etc.), may affect the precise cutoff. The academic background, professional experience, and results from the Written Ability Test (WAT) and Personal Interview (PI) are used to further assess the shortlisted candidates. The CAT score is important, but there are other considerations taken into account during the entire selection process before ultimate admission.

For students in the general category, the anticipated CAT cutoff at IIM Amritsar normally falls between the 90th and 95th percentile. Real cutoffs, however, may differ depending on things like the volume of applications, available seats, and reservations made for particular categories. Strong academic records and extracurricular accomplishments are valued by organizations such as GIBS (Global Institute of Business Studies), as they are essential for admission to prestigious MBA programs like IIM Amritsar.IIM Amritsar has a comprehensive selection procedure that takes into account candidates' employment history, academic standing, diversity, and performance in personal interviews in addition to CAT results. Candidates from reserved categories—OBC, SC, and ST, for example—generally have a lower threshold, typically between the 75th and 85th percentiles.Although achieving a high percentile is crucial, GIBS also urges students to concentrate on developing their leadership skills.

The tuition fee for the MBA course at IIM Nagpur is INR 18.9 lakh. Whereas, the tuition fees for the MBA course at IIM Amritsar range from INR 12.5 Lacs to INR 14 lakh. This is clearly stating that IIM Amritsar is more affordable than IIM Nagpur. However, before choosing the best options candidates are required to compare the college and courses on several other factors apart from fees, such as NIRF Ranking 2024, placement packages, cutoff trends and various other factors. Hence, before applying to any top B school, candidates should decide after comparing multiple parameters of the MBA course and college. 

The institute has a remarkable placement record. As per the latest reports, over 250 recruiters visited the institute campus during the 2024 drive, including over 120 first-time recruiters. Furthermore, the highest international package offered was INR 58.52 LPA and the highest domestic package stood at INR 28 LPA. Check the complete insights of IIM Amritsar placements 2024 from the table below:ParticularsPlacement Statistics (2024)the highest package- INR 58.52 LPA (International)- INR 28 LPA (Domestic)Average packageINR 19.73 LPA (Top quartile)Median packageINR 18.01 LPA (Top quartile)Total recruiters250+New recruiters120+Popular recruitersRAK Ceramics, Infosys, Axis Bank

During 2024 placements, the highest domestic package stood at INR 28 LPA. Students also managed to grab international offers with the highest international package of INR 58.52 LPA. Earlier, the highest package offered in 2023 was INR 36.25 LPA. Looking at the past three years' stats (2022 to 2024), an improving trend was recorded in the highest package. The table below represents the IIM Amritsar the highest package trends:ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)the highest packageINR 25.21 LPAINR 36.25 LPA- INR 58.52 LPA (International)- INR 28 LPA (Domestic)

{Source: MBA/PGDM students & alumni}Based on the feedback from students and alumni, here's a summary of the pros and cons:Pros:* 100% placement record: IIM Amritsar has maintained a 100% placement record since its inception.* Good faculty: The institute has a mix of permanent and visiting faculty members from top institutions, including IIMs, FMS, and MDI.* Relevant coursework: The programme curriculum is updated regularly to reflect industry trends and is relevant to current times.* Strong industry connections: The institute has established relationships with several top companies, leading to successful placements.* Modern infrastructure: The campus has modern facilities, including smart classrooms, libraries, and hostels.* Diverse student profile: The institute attracts students from diverse backgrounds, creating a rich learning environment.* Holistic development: The college encourages extracurricular activities, sports, and festivals, promoting overall student development.Cons:* Temporary campus: The institute is still utilizing a temporary campus, which may impact the overall learning experience.* Limited campus facilities: Although the facilities are modern, the temporary campus may lack certain amenities.* Competitive environment: The institute's small size and competitive nature may lead to intense competition among students.Overall assessment: MBA/PGDM at IIM Amritsar is a good choice for those seeking a reputable institution with a strong track record of placements and a supportive learning environment. While there may be limitations with the temporary campus, the institute's commitment to innovation and growth suggests that these issues will be addressed in the future.Note: The answer is based on the provided reviews and testimonials and does not represent an exhaustive evaluation of the institute.

The table below presents a comparison of the top-ranked Management institutes (basis NIRF 2023) for their MBA programme on the basis of various factors, such as fees, and the highest salary package:InstituteMedian PackageTotal Tuition FeeIIM JammuINR 15.25 LPAINR 11.8 lakhIIM AmritsarINR 16 LPAINR 11.5 lakhIIM SambalpurINR 16.00 LPAINR 10.5 lakh

Cited below is the detailed comparison between IIM Bodhgaya, IIM Amritsar and IIM Kashipur on two important factors; one is the total tuition fees and average package offered during campus placements:MBA CollegesTotal Tuition FeesAverage PackageMBA at IIM BodhgayaINR 9.6 lakhINR 15.92 LPAMBA at IIM AmritsarINR 12.5 lakhINR 16.51 LPAMBA at IIM KashipurINR 12 Lacs – INR 17.5 lakhINR 18.1 LPANote: The tuition fee mentioned is taken from unofficial sources. Hence, it is indicative. Candidates can refer to the institute’s official website for more information on the same.

{Source: MBA/PGDM students & alumni}Success Rate of Placements for MBA/PGDM Students at IIM AmritsarAccording to the feedback from students and alumni, IIM Amritsar's placement cell has consistently achieved remarkable success rates:* 100% placement rate: As mentioned by multiple students, IIM Amritsar has maintained a 100% placement record for its MBA/PGDM programs since its inception.* High salary packages: The highest salary package offered to students was INR54 LPA, with the average package standing at INR11.93 LPA, representing a growth of 16.28% over the previous year.* Recruiters from diverse industries: Companies like ICICI Lombard, Muthoot, Shopclues, Amazon, Crisil, Walmart, Accenture, and Deloitte have recruited students from IIM Amritsar.* Internship opportunities: Almost 100% of students secured internships with notable organizations, earning an average stipend of INR67,375 per month, reflecting a growth of 9.85%.* Strong relationships with corporates: The college has fostered connections with prominent companies, ensuring continuous recruitment and internship opportunities for its students.Overall, IIM Amritsar's placement cell has demonstrated impressive results, showcasing the institution's commitment to placing its students in esteemed organizations and preparing them for successful careers.