Last Updated Sep - 09 - 2024, 03:00 PM | Source : TOI | Visitors : 33
IIM Bangalore secures the second position in NIRF 2024 management rankings. Discover the financial aid and scholarships offered by the institute, including NTPC
The Ministry of Education revealed the National Institutional Ranking Framework (NIRF) 2024, ninth edition, on August 12. The Indian Institute of Management Bangalore maintained its position as one of India's most esteemed management colleges by ranking second in the management category. Furthermore demonstrating its popularity, IIM Bangalore has maintained the number two position in the management category of the NIRF Rankings continuously since 2020.
Naturally, many management aspirants aspire to pursue their higher education at IIM Bangalore. However, gaining admission is not only challenging but also costly. To assist students, IIM Bangalore offers several scholarships and financial aid. Let’s explore them.
The Indian Institute of Management Bangalore provides financial aid to students who need financial assistance. All PGP students with a household income below Rs 8 lakh are eligible to apply for financial aid. Other students facing serious financial difficulties arising from unforeseen circumstances are also considered.
IIM Bangalore’s financial aid committee undertakes a two-step process for determining the number of awardees and the amount of aid. In the first stage, students are given a financial status score based on four criteria:
Based on this score, some students are called for a personal interaction with a faculty panel. During this interaction, the faculty panel evaluates the financial need of the students and assesses the genuineness of the details provided in the application, assigning a financial need score. Based on the weighted average of these two scores, students are provided with 100%, 60%, 40%, or 20% financial aid, as per the official website of IIM Bangalore.
Apart from financial aid, the institute also provides scholarships to students. These scholarships vary from government to private organizations. Here are some examples:
Additionally, the Indian Institute of Management Bangalore provides Alumni scholarships awarded on the day of inauguration. Some examples are:
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