IIM Visakhapatnam Shortlist 2018: Confirm interest by April; Cut off criteria, weightage announced

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IIM Visakhapatnam Shortlist
Thursday, January 18 2018, 11:05 AM
IIM Visakhapatnam has announced its shortlisting criteria for admission 2018. IIM Visakhapatnam has awarded a reduced weightage of 40% at shortlisting stage and 25% in final merit generation to CAT 2017 exam score. The shortlist will be announced in the 3rd week of April 2018
IIM Visakhapatnam will not participate in Common Admission Process (CAP) 2018 being coordinated for 11 new IIMs by IIM Rohtak in the month of February 2018 and will conduct its own PI-WAT round

IIM Visakhapatnam shortlist of candidates for admission 2018 will be announced in the 3rd week of April 2018. The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT. IIM Visakhapatnam is one of the 7 newest IIMs which started operation in 2015. This will be the 3rd batch of PGP programme at IIM Visakhapatnam.

Announcing its shortlisting criteria for Admission 2018-20 batch, IIM Visakhapatnam has clarified that as per its admission policy all the eligible candidates who have appeared for CAT 2017 and have applied for IIM Visakhapatnam will be called to reconfirm their interest for admission to PGP 2018-20 in third week of April.

IIM Visakhapatnam will not participate in Common Admission Process (CAP) 2018 being coordinated for 11 new IIMs by IIM Rohtak in the month of February 2018 and will conduct its own PI-WAT round of the shortlisted candidates in the month of May 2018. There will be no GD round in final selection process at IIM Visakhapatnam.

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IIM-V Shortlisting Criteria
Indian Institute of Management Visakhapatnam (IIMV) has announced its shortlisting criteria for the PGP batch of 2018. The admission process is divided in three phases of shortlisting and final admission round.

The shortlisting criteria 2018 at IIM Visakhapatnam has awarded a reduced weightage of 40% at shortlisting stage and 25% in final merit generation to CAT 2017 exam score.

Higher weightage of 50% to Academics in shortlisting and 40% to PI-WAT in final selection round will play an important role in determination of final merit list at IIM Visakhapatnam.

IIM Visakhapatnam has shared that the first phase process is applied to all eligible candidates who appear for CAT 2017 and have applied for IIM Visakhapatnam to determine those qualifying candidates who will be called to reconfirm their interest for admission to PGP 2018-20 of IIM Visakhapatnam. The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT.

Shortlist based on suitability of candidates
IIM Visakhapatnam uses multiple parameters to judge the suitability of candidates for the PGP program including relevant work experience. The admission process will also take into account the  academic performance in 10th standard examination, 12th standard examination and Bachelor’s degree examination, candidates’ scores in CAT, as well as performance in Personal Interview and Writen Ability Test. Besides, relevant work experience, if any, is also given weight in the selection.

5 point shortlisting criteria for WAT & PI round
IIM Visakhapatnam follows 5 point shortlisting criteria for PI round instead of relying only upon the CAT 2017 exam score.

40% weight to CAT 2017 scores
The shortlisting process for WAT & PI round for admission to PGP 2018-20, will award 40% weightage for performance in CAT 2017 exam. The weight is not very high as compared to other components. IIM Visakhapatnam proposes to award this weightage dividing it among all the 3 sections of CAT 2017 exam. 

The 40% weightage for CAT 2017 score is derived from the performance in each of the 3 sections as follows:

CAT 2017 exam section name
Weightage in shortlisting for PI-WAT
Verbal & Reading Comprehension (VRC)  14 points.
14 points
Data Interpretation & Logical Reasoning (DILR)
16 points
Quantitative Aptitude (QA)
10 points
Total
40 points

50% weight to Academics
Weightage for academic excellence begins with class 10 marks as under:

Academic component
Max. weightage percentage
Class 10 score
20
Class 12 score
10
Graduation
20
Total
50

Key points in award of Academic weightage

  • For all the 1st stage shortlisted Candidates, the candidates' percentage scores in the 10th and 12th board exams are initially adjusted by dividing each such score by the 90th percentile score obtained in that board.
  • The database of 10th and 12th scores of all CAT applicants of the past two years is used for identifying the 90th percentile score for each 10th and 12th board for this purpose.
  • A weightage of 20% will be awarded for graduation marks at the second stage of admission process at IIM Visakhapatnam. 
  • Final scores obtained by the candidate are used for the bachelors' degree and professional degrees. 
  • Incomplete or intermediate scores are considered only if the candidate's final score was pending. For final year bachelor's degree candidates, at the time of CAT registration, their incomplete graduation score would be taken in lieu of final graduation score.
  • Graduation scores are adjusted within their respective categories. This gives the adjusted score for the bachelor's degree for all Qualified Confirmed Candidates.

CA/CS to get Professional course weight

  • Candidates with Chartered Accountancy, Cost Accounting, and Company Secretary certifications are eligible for weight under professional course.
  • No other professional course is eligible for weight under professional course.
  • The professional course score is also standardized for all Qualified Confirmed Candidates.

8% weight for work experience

  • The 8% weight will be awarded for work experience.
  • 36 months work experience will carry maximum weight. This weight will remain at that level for candidates with work experience exceeding 36 months.

Calculation of Weight for work experience & professional course
The score/weight for work experience is calculated as: Score for Work Experience = 8x/36 (if 0 < x < 36) = 8 (if x >= 36) Where x is the months of work experience up to July 2017, as captured in CAT application form (and substantiated in the application to IIMV). 

The maximum of the work experience score and the professional course score is considered for selection under a common weight of 8 for work experience or professional course – since both provide professional work experience relevant to a management programme.

2% weight to Gender Diversity
Female Candidates will be awarded 2% weigt at the pre-PI rank list for interview shortlisting. It will not be applicable for phase 3 of the admissions process i.e. at the time of final admission offers.

3 Phases shortlsiting & selection process
 IIM Visakhapatnam has announced to adopt a 3-phase selection process and accordingly these selection criteria are applied in three phases. The selection process, parameters and weights used are uniform for all categories of applicants. Sufficient candidates will be short listed at each stage in each category to meet the reservation requirement for each group, as applicable at that time. 

Phase-I
The first phase process is applied to all eligible candidates who appear for CAT 2017 and have also applied for IIM Visakhapatnam to determine those qualifying candidates who are called to reconfirm their interest for admission to PGP 2018-20 of IIM Visakhapatnam.

The first short list of candidates is based on candidates securing minimum section-wise and aggregate percentile scores in the CAT 2017 exam. Candidates obtaining a positive (greater than zero) raw score in all sections of CAT 2017 will only be considered. All the subsequent processing, standardization and selection is limited to candidates belonging to this first short list alone.

This means that the CAT 2017 score alone (for candidates who have applied for IIM Visakhapatnam) is used as the basis for arriving at the first short list. The percentile cut-off scores used for CAT 2017 for first shortlist at IIM Visakhapatnam are:

Minimum CAT 2017 percentile for shortlisting, section-wise

Category
Section 1
(VARC)
Section 2
(DILR)
Section 3
(Quant)
Overall
General
85
80
80
90
NC-OBC
75
70
70
80
SC
60
60
60
75
ST
50
50
50
55
DAP
50
50
50
55
 
QA=Quantitative Ability; DILR=Data Interpretation and Logical Reasoning;  
VARC=Verbal Ability and Reading Comprehension

Reconfirm interest for IIM Visakhapatnam by April 2018
Please note that these shortlisting cut-offs are not for admission offers whose scores could be much higher. All candidates in the first shortlist that will consist of the candidates who have applied to IIM Visakhapatnam and also meet the minimum percentile requirements, would be receiving an e-mail from IIM Visakhapatnam around third week of April 2018, with a link to a web page where they MUST reconfirm, by a stipulated date, their interest to pursue their candidature further, for admission to PGP 2018-20 at IIM Visakhapatnam.

Phase-II
Only those candidates who meet the minimum CAT 2017 percentiles requirements and have reconfirmed their interest, for admission to PGP 2018-20 of IIM Visakhapatnam will be referred as Qualified Confirmed Candidates for the 2nd phase of admission process.  These candidates only will be considered in Phase 2 of the admission process.

Final shortlist for WAT & PI round

  • The weighted aggregate of all the components namely work experience or professional course; CAT 2017 percentile; 10th board; 12th board; bachelors and gender diversity are used to prepare a pre-PI round rank list based on which a second short list of candidates is prepared.
  • The next phase of admission round will assess the candidates through personal interview and written ability test.  IIM Visakhapatnam shortlist will have sufficient candidates for the personal interview & written ability test.
  • The formula for normalization or standardization in any of the above components is: Standardized score (truncated between 0 and weight (wt)) is computed from the raw score (val)as: Max [0, min {wt, wt/2 + ((val-mean)/ sd) * wt/6}].

Phase-III: Final selection with 40% weight to PI-WAT round
If you have low CAT score, you may cover it in the PI-WAT round which has 40% weight in final selection. The other weightage criteria in pre-PI stage will stand reduced to 60 points in final selection.

Measuring on a scale of 100, IIM Visakhapatnam will follow the undernoted weightage on various components in admission process 

Final selection components
Weightage
Personal Interview (PI)
30
Written Ability Test (WAT)
10
CAT 2017 score
25
10th class board exam
10
12th class board exam
  5
Bachelor’s degree
10
Work experience
10

Intake: 60 seats
At present IIM Visakhapatnam has an intake of 60 students. It may increase for its PGP 2018-20 batch.

Fee structure at IIM Visakhapatnam
The tuition fee for PGP 2018-20 at IIM Visakhapatnam is Rs. 10.5 lakhs for 2 years. It is the highest fee structure among the 7 new IIMs launched in 2015.

Other newest IIMs have a fee structure between Rs.9 to 10 lakhs. Leading banks routinely offer educational loans at concessional terms as per Govt. of India guidelines for all IIMs including IIM Visakhapatnam.

Placements at IIM Visakhapatnam
The year 2017 was the 1st final placement season for IIM Visakhapatnam. The top 11 of offers accepted averaged Rs.14.57 lakhs. The next quartile of 11 offers accepted averaged Rs.11.16 lakhs.

The average salary of the 35 accepted offers is Rs.11.59 lakhs while the median of the 35 accepted offers is Rs.10.92 lakhs.

Top recruiters at IIM Visakhapatnam include Govt of Andhra Pradesh (10 offers), HSBC, ICICI Lombard, Sutherland Global Services, 4tiGo, Amul, Directi, GMR, Decimal point, HDFC Life, KPMG among others.

Hostel facility
The temporary campus at IIM Visakhapatnam is not equipped with on campus hostel accommodation and candidates shall have to move to off campus hostel accommodation. While IIM Visakhapatnam operates from Andhra University campus, it has arranged two separate 5-storey buildings which are 3 KM away from campus with a capacity of 60 students each on a double occupancy basis. Institute provides transportation to students for commuting between the Institute and hostels. All the rooms are air conditioned and furnished.

IIM Visakhapatnam came into being in 2015 as one of the 6 IIMs announced in the Union Budget 2014. While 5 of the 6 IIMs got finalized in the Budget 2014, the fate of IIM Visakhapatnam took the final shape in the Budget 2015 till then it remained a Government Ordinance entity.

IIM Bangalore is the mentor IIM to IIM Visakhapatnam. Classes at IIM Visakhapatnam are held at the temporary premises allotted to it at Andhra University campus and will continue at the temporary campus till the 300 acre campus of IIM Visakhapatnam gets ready.

Highlighting its admission process, IIM Visakhapatnam has shared “The admission process seeks to identify the most promising candidates for the PGP batch of 2018 for IIMV.” With the excellent academics, even a low CAT 2017 exam score may be negotiated for admission to IIM Visakhapatnam. In final selection round the weightage to academics and to CAT 2017 score is equal at 25% for each component.

Stay tuned to MBAUniverse.com for more updates on IIM Visakhapatnam

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