Do you want to know how to get a scholarship at IIMs through CAT score 2024? Scholarships are available to students who belong to financially weak households or belong to minorities. Find out more about the eligibility criteria and process to apply for IIM scholarships in the article below!
If you are wondering
how to get a scholarship at IIMs through CAT score 2024
, this article will be helpful to you! Scholarships at the Indian Institutes of Management are offered to students who have an exemplary academic record and also belong to financially weaker sections of society or minorities. The scholarships offered at IIMs for pursuing higher studies in management are aimed at enabling students from all backgrounds to have equal opportunities.
For instance, the IIM Bangalore scholarship program is open to PGP students whose annual household income is less than INR 6,00,000. It is aimed at helping students pay their tuition expenses, private institutions, and other academic expenses. Find out more about the IIM scholarships in the article below!
Also Read:
| IIM CAT Cut off |
|---|
List of IIM Scholarships 2024
Given below are the various IIMs in India along with their scholarships, eligibility criteria, and amount.
Indian Institute of Management – Ahmedabad
Check out the scholarships offered by the Indian Institute of Management, Ahmedabad mentioned in the table below:
S.No. | Name of the Scholarship | Eligibility Criteria | Amount |
|---|---|---|---|
1. | IIMA Special Need-Based Scholarships | For economically weak students who wish to pursue PGP or PGP-ABM. This is a fee waiver scheme offered on the basis of the family income of the student. | Depends on the annual gross family income |
2. | Family Income Linked Tuition Fee Waiver Scheme | Students whose total family income is less than Rs. 6 lakhs in the previous financial year. | NA |
3. | IIMA Special Scholarships (need-based) | Students who have a total family income of less than Rs. 200,000 as of the last financial year. The salaries of parents/guardians and spouses are considered for this and the income of the student or his siblings are not considered. | NA |
4. | Industry Scholarships (need-based) | Students who are not registered for the IIMA special scholarships can apply | NA |
5. | SC/ST Scholarships | Only SC/ST category students having valid certificates can apply for this scholarship. | Rs.150 per month for 10 months |
6. | GOI Merit-cum-Means Scholarships | At least 25% of students belonging to the non-sponsored student body from both the first and second year are awarded this scholarship. | Rs.2,200 per year |
7. | Aditya Birla Group Scholarships | Candidates are shortlisted by ABG on the basis of merit. Around six students are shortlisted. | Rs.1.25 lakh per student per annum |
8. | OP Jindal Engineering and Management Scholars | Two students are shortlisted for this scholarship based on the academic performance of the students and an online test along with a personal interview. | NA |
9. | Dunia Scholarships for scholastic excellence | Two students are shortlisted for this scholarship on the basis of merit. | Rs.100,000 per student |
10. | Ocwen Scholarship for Competence in Academics | The scholarship is given to a first-year student who is shortlisted through a research paper and PI. | NA |
11. | ONGC SC/ST Merit-cum-Means Scholarships | Few of the SC/ST students are shortlisted for this scholarship. | NA |
12. | State Scholarship | State Governments sometimes fund the education of some of the best students from those states. | NA |
Note:
The need-based scholarships are mostly the same in all the IIMs as they are all government-funded scholarships.
Indian Institute of Management, Bangalore
Check out the list of scholarships offered by the IIM Bangalore mentioned in the table below:
S.No. | Name of the Scholarship | Eligibility Criteria | Amount |
|---|---|---|---|
1. | Aditya Birla Scholarship | Few students from both first and second year are shortlisted who belong to the top 25% of students of their respective batches in terms of performance. | Rs.175,000 per student |
2. | Uday Nayak Scholarship | A second-year student is shortlisted for this scholarship. | Rs.10,000 |
3. | T Thomas Scholarship | A second-year student is shortlisted for this scholarship based on merit. | Rs.100,000 |
4. | OPJEMS Scholarship | Two students are shortlisted for this scholarship one each from the first and second year. | Rs.125,000 per student |
5. | Rajesh Kaushik Memorial Scholarship | Selection is strictly merit-based. | Rs.150,000 per annum |
6. | Ocwen Financial Solutions Private Limited | One of the students is shortlisted on the basis of a research paper submitted by the students. | Rs.180,000 |
7. | Cognizant Technology Solutions - B’izard Scholar | Three students are shortlisted on the basis of academic excellence, leadership qualities and willingness to serve the community and study further in the same field. | Winner: Rs.3 lakhs, 1 st Runner-up: Rs.2 lakhs and 2 nd Runner-up: Rs.3 lakhs |
8. | Societe Generale Global Solution Centre India Scholarship | Students in need are nominated by the institute and are shortlisted on the basis of interviews. | Full tuition fee waiver |
Indian Institute of Management Lucknow
Check out the list of scholarships offered by the IIM Lucknow mentioned in the table below:
S.No. | Name of the Scholarship | Eligibility Criteria | Amount |
|---|---|---|---|
1. | Need-Based IIML Scholarships | 15% of students from a batch are offered scholarships on the basis of family income and previous academic performance. Students having a family income less than Rs.150,000 can apply. | NA |
2. | Industry Sponsored Scholarships | Students are shortlisted every year based on their academic performance | Varies from Rs.6,000 to Rs.100,000 p.a. |
3. | Merit-cum-Means Scholarships | 25% of the students subject to specified norms are shortlisted for this scholarship | Rs.2200 per student p.a. |
4. | Bharti Scholarship | Students whose annual income is less than Rs.1.08 lacks from both first and second year are eligible to apply. | Rs.50,000 per annum |
5. | SC/ST Scholarships | All SC/ST students are eligible to apply | Rs.1500 per annum |
6. | Other Scholarships | Students are shortlisted based on family income and their fees and maintenance charges are covered by the government of the state to which the candidate belongs. | NA |
If you are inclined towards pursuing an MBA and are unsure about which MBA course is better and one that you should opt for (depending on your availability & resources), then it is about time that you start evaluating your options! Also, if you are sure about studying in good management colleges in India , then you may want to evaluate if you want to pursue it with your graduation or after the completion of your UG program.
Although most of the scholarships are merit-based, there are some that take a student’s financial conditions into account and offer fee waiver schemes so that such students get a chance to pursue quality education.
Also Read: Scholarships for MBA Students In India
CAT 2024 Scholarships: Other Top B-schools
The Indian Institutes of Management are not the only B-schools in India that accept the CAT 2024 exam and offer scholarships for MBA admission on the basis of CAT scores. There are several other top-ranked B-schools and management institutes that offer scholarships to aspirants based on their CAT 2024 performance. Some of the most popular institutes that offer scholarships based on the CAT scores of candidates are mentioned below.
Institute for Financial Management and Research Chennai Scholarships
IFMR, Chennai is one of the most prestigious management institutes in India. It is also one of the most popular choices when it comes to MBA courses through the CAT exam. Scholarships offered by IFMR, Chennai include:
Means by Merit Cum Scholarships: This scholarship is awarded to deserving candidates and the scholarship amount varies from INR 1 lakh to complete tuition fee remission.
T Thomas Scholarship: This particular scholarship is awarded by Hindustan Unilever Limited to the top PGDM candidate of a particular batch. The scholarship amount is up to INR 1 lakh.
Institute of Rural Management Anand Scholarships
Institute of Rural Management Anand is another top-ranked institute that aspirants often consider when applying for MBA admission through the CAT exam. Scholarships at IRMA are awarded by various parties. Ratan Tata is also known to provide scholarships at IRMA. Additionally, the Ministry of Social Justice and Empowerment gives over 15 extra scholarships that cover all of the tuition for SC/ST students. The National Dairy Development Board offers one scholarship to SC/ST candidates. The Ministry of Tribal Affairs offers five additional scholarships to SC/ST candidates.
To help with the cost of second-year tuition, Ratan Tata is sponsoring five merit-based scholarships with a maximum grant of INR 50,000.
Scholarships for SC/ST Students: SC/ST students are qualified for more than 15 scholarships that cover the whole cost of tuition.
10 SC/ST student scholarships are given to IRMA by the Indian government.
The Ministry of Tribal Affairs administers five scholarships on behalf of the central government for SC/ST students.
The National Dairy Development Board offers scholarships to students from native communities as well.
Indian School of Business Hyderabad Scholarships
The Indian School of Business, Hyderabad is another premier institute for MBA aspirants in India. The ISB awards scholarships based on both merit and need. Additionally, applicants who achieve the institute's performance goals are eligible for fee waivers. Different sums of the scholarship are available, some of them are full scholarships! There are no limitations here, therefore you can and must apply for admission to this institute if you believe you have potential and can prove it.
The ISB works in partnership with a variety of businesses to offer scholarships all year long. A total of INR 6 Lakhs in scholarships are offered by Citibank, HSBC, and Novartis Group.
Additionally, 10 candidates from 10 different international geographic locations will receive a Global Scholarship worth between INR 3 lakh and INR 15 lakh.
Tata Institute of Social Sciences Mumbai Scholarships
The Tata Institute of Social Sciences Mumbai is a management institute that offers MBA courses only in the field of social entrepreneurship and social services and is the best management institute for that particular field. Some of the most popular scholarships offered by TISS, Mumbai include:
MK Tata Trust Scholarship: This scholarship is awarded to students from programs like social work, HRM, health administration, and hospital administration. Candidates are chosen based on need and merit.
Twenty Free Studentships: These scholarships are awarded to worthy candidates from low-income households.
Amity Business School Scholarship
Another popular MBA college for aspirants who are appearing for the CAT exam. The Amity Business School network is known for its financial aid and scholarships offered to deserving aspirants. Scholarships offered at Amity Business School include:
A complete waiver and a partial scholarship are the two types of financial help offered by the Amity Business School. Candidates are eligible for a full scholarship from Amity Business School if they achieve at least 93 percent overall (excluding physical education, fine arts, and performing arts) in Class XII of the CBSE/ICSE Board and 80 percent marks in graduation.
Candidates would be eligible for a 50% scholarship if they earn at least 88 percent overall in Class XII of the CBSE/ICSE and 75 percent in their graduation exam.
Scholarships Offered by Other Top B-schools
Apart from the management institutes mentioned above, take a look at some of the top-ranked B-schools and the scholarships offered by them mentioned in the table below:
Name of the Institute | Scholarship Details |
|---|---|
Jaipuria Institute of Management, Lucknow Scholarships | Scholarships are awarded to the top three rank holders depending on a student's performance in their respective entrance examination, which they used to gain admission to the institute for the first year and afterward for the second year. |
Management Development Institute, Gurgaon Scholarships | Five pupils each receive a merit scholarship worth INR 10,000. On the basis of merit, another Bharti Foundation Scholarship is given out. |
National Institute of Management, Mumbai Scholarships | For PGDIM/PGDISEM/PGDITM students, a 30% need-based tuition price reduction is offered to those whose household income is less than INR 150,000. |
T.A. Pai Management Institute, Manipal Scholarships | The top three MBA program students in both years will receive a scholarship worth INR 1 lakh in addition to having strong CAT scores. |
Welingkar Institute of Management Development and Research | The CAT topper receives a full fee remission, the second place receives a laptop, and the third place receives a foreign-sponsored internship. |
Also Read:
CAT 2024 Cut-off for Top MBA Colleges in India
Private B-School Scholarships after CAT 2024
SRM School of Management Scholarships
SRM Founders Scholarship: It is the most esteemed scholarship available to SRM students, and they cover not only the whole cost of tuition but also the costs of your hostel and mess charges as well as a stipend of INR 1,000 each month. It is awarded to students who achieve the top scores in their state on their school final exam.
Merit-Based Scholarship: It is awarded to students who score above 95% on the CBSE or state board exams. At the time of counselling, students receive a tuition fee waiver of up to 50% in the branch for which they are eligible. Based on how well they perform on the qualifying exam, students with financial need are given this merit-based scholarship.
Scholarships for Minority Students: Deserving students from minority communities are awarded scholarships for up to 25% to 100% of their tuition.
Scholarships for Physically Challenged Candidates: Selected students who are specially abled are offered a full tuition fee waiver.
Indus Business Academy, Bangalore Scholarships
The Indus Business Academy in Bangalore offers a range of scholarships. Corporate scholarships and merit-based scholarships offer assistance worth INR 10,000. In this way, the employer offers support to a working professional.
IBA offers a scholarship of INR 30,000 to students who have obtained the following scores:
80 percent aggregate in their Class 10, Class 12, and Bachelor's degree, or
80% or higher on the CAT/XAT, or
at least a 96 percentile on the MAT, ATMA, CMAT, or state government exams
Candidates achieving the following scores receive a scholarship worth INR 40,000:
90 percentile or higher in the CAT 2024 exam, or
99 percentile or higher on the MAT, ATMA, CMAT, or State Govt. exams.
Lovely Professional University, Phagwara Scholarships
Scholarships are given out by Lovely Professional University, Phagwara based on how well applicants perform on the LPU-TFA (LPU-Test for Financial Aid) or in extracurricular activities like sports, culture, or National Bravery Awards.
A scholarship worth INR 50,000 each semester is available when the CAT percentile is higher than 90.
A scholarship of INR 40,000 per semester is offered to candidates having CAT percentiles between 80 and 80.99.
If the CAT percentile lies between 70 and 79.99, the scholarship amount stands at INR 30,000 per semester.
Skyline Business School Scholarships
Candidates with outstanding GD/PI performance may be eligible for a scholarship up to INR 20,000.
Candidates securing the first division in graduation become eligible for a scholarship worth up to INR 20,000.
Scholarships up to INR 20,000 are awarded to candidates with CAT scores of 75 percentile and higher.
Candidates with a work experience at a Grade A organization may be awarded a scholarship of up to INR 20,000.
What is a Good CAT 2024 Score for IIM Scholarships?
Since each business school has a different cutoff for shortlisting candidates for selection rounds, the definition of a good CAT score will vary from institute to institute. In contrast to other B-schools like IIFT, IITs, FMS Delhi, and SPJIMR, which accept CAT scores below 95 percentile, IIMs require a minimum 95 percentile for admission. In contrast to IIMs, third-tier B-schools might accept applicants with slightly lower-than-average CAT scores. Look at the table below for the breakdown of CAT percentile:
Overall CAT Score | Minimum Score in Quantitative Analysis | Minimum Score in Data Interpretation & Logical Reasoning | Minimum Score in Verbal Ability & Reading Comprehension | Overall Percentile |
|---|---|---|---|---|
201 | 85 | 57 | 81 | 99.9 |
180 | 84 | 54 | 79 | 99 |
140 | 58 | 41 | 50 | 95 |
110-120 | 51 | 32 | 47 | 90 |
94-107 | 44 | 27 | 35 | 85 |
91 | 36 | 21 | 33 | 80 |
CAT Scores for Top B-Schools: Tier-wise
Tier | Minimum CAT Score | Minimum Sectional Score |
|---|---|---|
Top-tier | 200 | 80-85 |
Middle-tier | 120 | 40-50 |
Low-tier | 100 | 30-40 |
Candidates must also check out the articles mentioned below to know more about MBA admission through the CAT exam!
Related Articles:
You can even check our
CAT College Predictor
and
CAT Percentile Predictor
tools to get an idea of your results based on your performance in the CAT 2024 exam. If you want to know more details about IIM Scholarships, you can ask questions on the
Collegdekho QnA zone
or call on our toll-free number 1800-572-9877. For admission-related assistance, fill out our
Common Application Form
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