Lexicon MILE - Management Institute of Leadership and Excellence Scholarships & Eligibility

Located in Wagholi, Pune, the Lexicon Management Institute of Leadership and Excellence (Lexicon MILE) is committed to ensuring that financial limitations do not prevent deserving, high-achieving aspirants from accessing world-class management education. To reward academic rigor and competitive excellence, the institution features a robust scholarship and financial assistance architecture tailored for its postgraduate management programs (such as the PGDM and Global MBA tracks).

Types of Scholarships and Financial Aid Options

The scholarship model at Lexicon MILE is structured around entrance test achievements, profile merit, need-based criteria, and special recognitions:

• Entrance Exam Merit Scholarships (CAT / XAT / CMAT / MAT): These performance-linked tuition fee waivers reward candidates who achieve elite percentiles in national management aptitude tests:

  • CAT / XAT (95.01 Percentile and Above): Full second-year tuition fee waiver.

  • CAT / XAT (90.01 to 95 Percentile): Tuition fee waiver of INR 1,50,000.

  • CMAT (95.01 Percentile and Above): Tuition fee waiver of INR 1,50,000.

  • CMAT (90.01 to 95 Percentile): Tuition fee waiver of INR 1,00,000.

  • MAT (95.01 Percentile and Above): Tuition fee waiver of INR 1,00,000.

  • MAT (90.01 to 95 Percentile): Tuition fee waiver of INR 75,000.

• Merit-Based Scholarships: Awarded to students showcasing consistent academic brilliance across their undergraduate degrees and high institutional evaluation scores.

• Need-Based Financial Assistance: Tailored grants created to support economically constrained students who demonstrate strong academic potential and personal drive.

• Unique Achievement & Special Recognition Awards: Extended to applicants who have shown exemplary leadership, extraordinary achievements in sports, arts, or civil domains, or distinct entrepreneurial initiatives.

• Institutional Bank Loan Assistance: For students requiring further financial flexibility, Lexicon MILE maintains formal partnerships with prominent nationalized and private-sector banks to streamline collateral-friendly education loans at nominal interest rates.

Eligibility Criteria

To maintain transparency and fairness in scholarship distribution, the institute implements clear eligibility requirements:

• For Entrance-Based Waivers: Candidates must present verified official scorecards from recognized national bodies (CAT, XAT, CMAT, MAT) meeting or exceeding the specified percentile thresholds (ranging from the 90th to 95th percentiles and above).

• For Merit and Need-Based Grants: Applicants must satisfy baseline graduation percentages (typically a minimum of 50% aggregate marks in their bachelor's degree) and clear the institutional evaluation and personal interview rounds successfully.

• Redemption Rule: Approved scholarship values are systematically adjusted and deducted exclusively against the second-year tuition fees of the student's postgraduate program.

• Single Scholarship Clause: If a candidate qualifies under multiple scholarship categories, the institution considers and applies only the single scholarship tier that offers the highest financial benefit.

Application Process

• Profile Declaration: Candidates must declare their entrance exam scores or academic achievements during the online admission application process on the official portal.

• Document Authentication: Shortlisted applicants must submit verified mark sheets, valid entrance scorecards, and supporting income or achievement documents to the admissions committee during personal interviews.

• First-Come, First-Served Allocation: Because scholarship slots and funds are limited, awards are distributed on a rolling, first-come, first-served basis. Aspirants are strongly encouraged to complete their application and admission formalities early in the intake cycle.

Frequently Asked Questions (FAQs)

Q1: What are the scholarship tiers available for CAT or XAT high scorers at Lexicon MILE?

A: Candidates scoring between the 90.01 and 95th percentile in CAT or XAT receive a fee waiver of INR 1,50,000, while those scoring 95.01 percentile and above are granted a full second-year tuition fee waiver.

Q2: How are CMAT and MAT scores rewarded under the scholarship policy?

A: For CMAT, scorers between 90.01 and 95 percentile receive INR 1,00,000, and those above 95.01 percentile receive INR 1,50,000. For MAT, waivers range from INR 75,000 (for 90.01 to 95 percentile) to INR 1,00,000 (for 95.01 percentile and above).

Q3: When and how is the approved scholarship amount disbursed to the student?

A: The approved scholarship amount is directly deducted from the student's course fee structure, specifically applied against the second-year fee installment.

Q4: Can a student combine multiple scholarships if they qualify for both entrance and merit categories?

A: No. If an applicant qualifies for more than one scholarship category, the institute applies only the single scholarship that provides the highest financial benefit.

Q5: Does the institute assist students with securing education loans?

A: Yes. Lexicon MILE has established strategic partnerships with major nationalized and private banks to help students obtain streamlined education loans with customized repayment options and nominal interest rates.