Integrated Program In Management: Getting confused about what to do after passing 12th? It is a common dilemma which all of us have faced before the beginning of our college life. So, today StepUp Student has brought to you details of an interesting undergraduate educational program that you can opt for as it is surely a gateway to a bright future.
What is IPM?
Integrated Program In Management (IPM) is the Integrated Programme on Management. It is equivalent to the summation of a Bachelors’s as well as a Masters’s degree. It runs for five years during which students are taught the necessary managerial and leadership skills as well as are made familiar with practical knowledge of such fields.
Why IPM?
- Avoidance of appearing in CAT: Well…opting for Integrated Program In Management (IPM) is a good option because after successful completion of this course an individual is awarded an MBA degree, attaining which after graduation needs lot more efforts as then it becomes mandatory to crack CAT, one of the toughest entrance examinations of our country.
- Achievement of dual degree: Another advantage of the (IPM) Integrated Program In Management is that it is divided into the first three years and the last two years, hence making it a dual degree course. Hence, there remains an option for students to step out of this course after three years and they will be considered graduated with a degree in BA or BBA.
- Good career prospects: An IIM graduate graduating with this five year’s long integrated programme equivalent to a bachelors’ degree plus an MBA will be having a higher brand value as compared to a graduate from other streams. This is a very good aspect from the career point of view as it provides much higher chances of employability.
- Easier entrance test: Of course, an entrance test is conducted but it is much easier as compared to CAT or other such post-graduation entrance examinations in which the levels are higher and the preparation required is also more.
- World-class training: Lastly IPM makes an individual a pro in management by inculcating in them all the relevant skills.
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Institutes for Integrated Program in Management
The initiative of Integrated Program In Management (IPM) was started in the year 2011 by the IIM (Indore) and later IIM Rohtak, in the year 2019, also came up with this course. Some other top institutes which provide this undergraduate program are:-
- IIM Ranchi
- Nirma Institute of Management
- Mumbai University
- Jindal Global Business School
- Lucknow University
- Kurukshetra University
- NIIT University
- SRM Institute of Science and Technology, and a few more.
Admission in IPM
For taking up the IPM course one needs to be a 12th pass, have a minimum of 55%-60% of marks (varies with categories), and finally appear for an entrance test. Now, this exam varies from institute to institute. For instance:
- IIM Indore conducts IPMAT
- IPM Rohtak also conducts IPMAT (different from that of IIM Indore).
- IIM Ranchi admits on the basis of SAT score.
- IIM Jammu and IIM Bodhgaya take admissions on the basis of JIPMAT score.
- Nirma University accepts IIM Indore’s IPMAT scores as well as UGAT scores.
- Mumbai University has its own screening test, the MUCMET.
- Jindal Global Business School also conducts an aptitude test, JSAT and also accepts UGAT and SAT scores.
Apart from such admission tests, a personal interview is also conducted and then the assessment is made whether the candidate is applying for the program or not. In the case of IPMAT, the shortlisted candidates also need to appear for another written admission test before a personal interview.
IPMAT Exam Structure
IPMAT is a 2-hour-long examination that is conducted in online mode. There are in total 100 questions divided into 3 sections – verbal ability, quantitative ability, and quantitative aptitude. For each correct answer, 4 marks are given and for every wrong answer, one mark is deducted.
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Integrated Program In Management Syllabus
The syllabus covers reasoning and mathematical skins as well as skills of English comprehension and grammar.
- In quantitative aptitude, the chapters included are number system, percentage simple interest and compound interest, profit and loss, average, mensuration geometry, probability, set theory, ratio and proportion, set theory, and so on.
- In quantitative ability, there are logical reasoning questions that cover the basics of data interpretation, sequencing, and arrangements, etc.
- And in the case of verbal ability, the syllabus covers English comprehension, idioms, and phrases, antonyms, synonyms, confusing words, fill in blanks, para completion, etc.
In the first three years, students are taught basic subjects like Mathematics, Statistics, Economics, Psychology, Political Science, Foundation of Management, Humanities, Language, Communication and Presentation skills, and so on. In the latter two years, there are Marketing, Strategy, Communication, Finance and Accounting, Rural immersion programme, Industry visit workshops etc. Moreover, most of the institutes also provide internship programs at the end of the academic year.
IPMAT Application Process
Though the examination is usually conducted in the month of May, registrations start from March and it is compulsory for candidates to complete getting registered before the deadline.
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IPM Fee Structure
The fees also vary from institute to institute and also differs as per nationalities.
For instance,
- In IIM Indore it is INR 4 lac per annum for the first three years for the Indian students while for the international students it is around INR 6 lac per annum.
- In IIM Ranchi, the fees for Indian students are almost INR 14 Lac per annum for the first three years.
- In IIM Jammu and IIM Bodhgaya, it is INR 13.5 Lac per annum for the initial three years.
- In IIM Rohtak, it is INR 4.5 lac per annum for three years and so on.
- It is comparatively cheaper in Lucknow University (INR 30,000 per semester).