IIM Amritsar IPM Program (New): Everything You Need to Know

Following in the footsteps of its peers, IIM Amritsar, too, has introduced its Integrated Program in Management (IPM), a 5-year integrated degree that combines the best of quant, finance, and economics with management.  It offers students a unique opportunity to pursue a specialised degree in Quantitative Finance and Economics, helping create a solid foundation for a career in data, economic modelling, and quantitative finance. Unlike other IPM programs that provide a BA in Foundation Management or a BBA, the IIM Amritsar IPM program stands out for its focus on finance and economics, making it an excellent choice for students passionate about these fields.

If you’re considering this program, here’s everything you need to know about eligibility, the admission process, course offerings, and the program fees.

IIM Amritsar IPM Eligibility: Are You Qualified to Apply?

Before applying, it’s crucial to check if you meet the eligibility criteria. IIM Amritsar has set clear requirements for prospective students:

• Mandatory Mathematics Requirement: Students must have studied Mathematics as a compulsory subject in Class 12. If you haven’t taken math in high school, you won’t be eligible for admission.
• Academic Scores: Students must have a minimum of 60% in their 10th and 12th exams.

If you meet these requirements and have a keen interest in economics, finance, and mathematics, this program could be a great fit for you.

IIM Amritsar IPM Admission Process: How to Get In?

Admission to the IIM Amritsar IPM program is done through the IPMAT Indore exam. Here’s a step-by-step breakdown of the selection process: For more details on the IPMAT Indore exam, you can follow these links:

Read More – IPMAT Indore Syllabus

Read More – IPMAT Indore exam pattern

Read More – IPMAT Indore Cutoff

1. Apply Through IPMAT Indore

    

   • Candidates must register for IPMAT Indore 2025 and complete the application before the deadline.
   • The last date to apply for IIM Amritsar’s IPM program is April 12, 2025. The IIM Amritsar IPM program form is yet to be released. However, students can begin their registration process for IPMAT Indore in February. 

2. IPMAT Score Weightage

    

   • The exam consists of three sections:
     • Quantitative Aptitude (Short Answer): 30% weightage
     • Quantitative Aptitude (MCQs): 30% weightage
     • Verbal Ability: 40% weightage
   • Your performance in these sections will determine your eligibility for the next round. 

3. Interview Process

    

   • Candidates shortlisted based on their IPMAT scores and past academic performance will be invited for an interview.
   • The final composite score is calculated as follows:
     • IPMAT Score: 75% weightage
     • Interview Score: 25% weightage 

4. Final Selection

    

   • Based on the final composite score, selected candidates will receive admission offers.
   • The program also includes a three-year exit option, allowing students to graduate with a Bachelor of Science (B.Sc.) in Quantitative Finance and Economics if they choose not to continue to the MBA phase.

What Makes The IIM Amritsar IPM Program Unique?

The IIM Amritsar IPM program has put a distinctive focus on finance and the role of maths and economics in finance. This makes it the right course for students who want more than just a BA or BBA degree. Here are a few more reasons why you should choose to apply for the IIM Amritsar IPM program:

• Specialised Degree: Unlike traditional IPM programs that focus on general management, this program offers a B.Sc. in Quantitative Finance and Economics. Students get rigorous training in mathematics, finance, and economics, making them highly competitive in the job market.
• Interdisciplinary Curriculum: The program blends core subjects such as econometrics, financial modelling, risk analysis, and investment strategies with interdisciplinary studies, research, and internships.
• Industry-Oriented Approach: The courses are designed to provide real-world exposure through case studies, industry collaborations, and internship opportunities.
• Exit Flexibility: The program offers students the option to exit after three years with a valuable undergraduate degree or continue for the full five years to earn an MBA from IIM Amritsar.

If you have a keen interest in the intersection of finance, economics, and data analytics, this course offers a unique advantage compared to conventional IPM programs.

IIM Amritsar IPM Course Offerings: What Will You Study?

The curriculum at IIM Amritsar’s IPM program is carefully designed to build a strong foundation in finance and economics, with an emphasis on quantitative analysis. The course structure includes:

Core Subjects in the First Three Years

• Microeconomics & Macroeconomics
• Probability and Statistics
• Financial Accounting & Reporting
• Business Communication
• Behavioral Sciences & Organisational Psychology
• Data Analytics & Business Intelligence
• Investment Analysis & Portfolio Management
• Computational Finance
• Research Methodology & Applied Statistics

Interdisciplinary and Skill Development Courses

• Financial Risk Management
• Marketing & Strategy Basics
• Operations Research & Supply Chain Management
• Programming for Finance (Python, R)
• Leadership & Business Ethics
• Internships & Industry Projects

Advanced Electives in the MBA Phase

• Advanced Corporate Finance
• Behavioral Economics
• Derivatives & Fixed Income Securities
• Global Economic Policies
• Mergers & Acquisitions

This well-rounded curriculum ensures that students graduate with both theoretical knowledge and practical skills, making them ready for careers in finance, consulting, data analytics, and research.

IIM Amritsar IPM Fees: What’s the Cost?

While the exact fee structure for IIM Amritsar’s IPM program is yet to be announced, we can estimate it based on fees from similar programs at other IIMs.

• Expected Cost for Three Years: Approximately ₹12-15 lakh for the undergraduate phase.
• Expected Cost for MBA Phase: If students continue to the postgraduate level (MBA), the fees may range between ₹17-20 lakh.
• Scholarships & Financial Aid: Like other IIMs, IIM Amritsar may offer financial aid and scholarships based on merit and need.

While the cost might seem high, the return on investment is promising. IIM Amritsar’s MBA students currently secure average placements of ₹14-15 LPA, and this number is expected to grow over the years.

Should You Apply To The IIM Amritsar IPM Program?

Since this is the first batch of the IPM program at IIM Amritsar, many students might wonder whether they should apply. Here’s our take:

• If you have a passion for finance, economics, and mathematics, this program offers a specialised curriculum that sets it apart from other IPM programs.
• Since IIM Amritsar is a growing institution, its placement statistics and industry recognition will likely improve in the coming years.
• It’s always a good idea to apply to multiple IPM programs. If IIM Amritsar ranks within your top choices, securing admission here could be a great backup option.

Final Thoughts

IIM Amritsar’s IPM program presents a fantastic opportunity for students looking to build a strong foundation in finance and economics. If you’re eligible and interested, applying through IPMAT Indore is your gateway to this exciting new program.

Stay tuned for further updates, including a guide on form filling for IIM Amritsar IPM applications. Until then, keep preparing for your board exams and entrance tests. Good luck!