Ahana Bhaduri Senior Content Specialist
Senior Content Specialist
Indian Institute of Technology and Indian Institute of Management are the two most eminent tags in the country which every student wants to add along with their name.
According to a report, graduates at top IITs receive 137% higher salary as compared to an average engineer whereas a Management Graduate earns 121% higher salary as compared to an average MBA Graduate.
The debate on which is best between an IIT and an IIM has been longing for years. Every Indian parent has once in their lifetime wished that their students get to either IIT or an IIM. Getting into an IIT or an IIM has always been an emotional as well as a joyous moment for the whole family as the degree from these esteemed institutes conjures the image of a high-paying job at least an MNCs. In India IITs and IIMs are considered the mecca of Technology and Management respectively.
3.1 IIT
3.2 IIM
4.1 IIT
4.2 IIM
5.1 IIT
5.2 IIM
- IIT vs IIM Salary
- IIT vs IIM: Which is better?
- IIT vs IIM: Which is tough?
- IIT vs IIM: Startups
- IIT vs IIM: Which is better for MBA?
10.1 IIT
10.2 IIM
IIT vs IIM Quick Facts
- In Technology, where IITs are considered to be wizards, IITians are taught technical aspects that include engineering and science.
- Whereas an IIM Graduate has to learn about the Management of an organization. Technical people spend their time working independently on various tools and technologies while Management people work in groups.
- Management people require a strong understanding of essential business areas in order to expand their business and build a strong base in the minds of people.
- Technical persons will always have to learn new tools and will have to be updated with the latest technologies.
All About IIT vs IIM
Technology- Technology is taking action and coming up with new ideas in order to meet human needs. Technology includes creating new tools and software, implementing new technical aspects to make the lives of people easier. Technology is the sum of skills, techniques, methods, and processes used in the production of goods.
Management- Management is a process of controlling and administering the organization in order to get the desired result. Management includes Strategic Planning, Organizing, Staffing, Directing, and controlling an organization. Management involves the coordination of various departments in an organization (such as Human resources, Finance Department, Marketing, and Information Resources) in order to fulfill an organization’s goals and operate the business efficiently.
IIT
There are many streams a person can choose from after getting admitted into IIT. Some of the streams a person can pursue his graduation in Computer Science and Technology, Information Technology, Mechanical Engineering, Civil Engineering, Mechatronics Engineering, Electrical Engineering, Electronics Engineering, and many more. An IT Engineer receives the most attractive pay packages as compared to any other technical branch. IITs also offer Post- Graduation as well as Ph.D. for willing candidates.
IIM
There is a wide range of opportunities to choose from but candidates choose to work in Finance, Marketing, Human Resource, and Operations as the scope of these fields are more than any other streams. IIMs have even started offering different courses like Business Analytics, Executive Management, Leadership Programs, ePGP, etc.
College Rankings and Fees
Many IITs, as well as IIMs, are ranked in top rankings in the world, and people from all around the globe prefer admissions in these prestigious institutions. Below is the list of top IITs along with their fees.
IIT
There are a total of 23 IITs in India which are categorized as old and new IITs. The number of old IITs in India are 7 while the rest come in new IITs. The below table gives the NIRF ranking of IITs.
IIM
There are 20 IIMs in India which are categorized as Old, New, and Baby IIMs. There are 6 old IIMs, 7 are baby IIMs and the rest are new IIMS. The old IIMs are also called BLACKI (Initial letter of city names of old IIMS) or Management Gems of India. The below table gives the list of IIMs along with their ranking and Fees.
Eligibility Criteria
IIT
- To enter in IIT a candidate should have completed 10+2 from a recognized board.
- He/She shall have obtained at least 55% in 10+2.
- Candidates should have studied Physics, Mathematics, and Chemistry in 10+2.
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Candidates should have scored well and should have met the minimum cut-off set by each IIT in JEE Advanced.
IIM
- To get admission to IIM, candidates should have completed Graduation.
- Candidates should have scored at least 55% to be eligible for CAT and should have scored at least 80% in graduation to get a call from IIM.
- Candidates should have obtained the minimum cut-off set by each IIM in CAT.
Entrance Examinations
The prestigious institutes be it IIT be it IIM conduct entrance exams for admitting students into their flagship programs.
IITs
IITs conduct Joint Entrance Examination which is conducted in two phases JEE mains and JEE Advanced.
JEE
One of the toughest engineering entrance exams in India is JEE. One needs to be well prepared before appearing for the exam. He/she should be well versed with the concepts of Physics, Chemistry, and Mathematics to clear JEE Exam. Having the concepts cleared, taking a lot of Mocks, and solving previous year papers can help a lot to level up their preparation.
Important Dates
| Particulars | Details |
|---|---|
| Application date | 1st week of August 2022 |
| Admit Card Release date | 3rd week of August 2022 |
| Date of Exam | Postponed |
| Date of Result | To be Announced |
Eligibility Criteria
Candidates in 10+2 with Physics, Chemistry, and Mathematics as their subjects are eligible for the exam.
GATE
One of the toughest engineering entrance exams in India is GATE. One needs to be well prepared before appearing for the exam. He/she should be well versed with the concepts of subjects studied in Graduation. Having the concepts cleared, taking a lot of mocks, and solving previous year's papers can help a lot to level up their preparation.
Important Dates
| Particulars | Details |
|---|---|
| Application date | August 30, 2022 – October 7, 2022 |
| Admit Card Release date | January 3, 2023 |
| Date of Exam | February 4, 5, 11 and 12, 2023 |
| Date of Result | March 16, 2023 |
Eligibility Criteria
Candidates should have completed Graduation in Engineering.
IIMs
All IIMs prefer CAT scores along with the profile that includes your Academics, Work Experience, Accolades, etc. After one has scored the minimum cut-off defined by each IIMs, Students are called for further rounds of tests that include Group Discussion, Personal Interviews.
CAT
CAT is one of the toughest Management Entrance exams in India. Many management institutes prefer CAT scores to offer admission to candidates.
Important Dates
| Particulars | Details |
|---|---|
| Application date | August 3, 2022 – September 21, 2022 (5 PM) |
| Admit Card Release date | October 27, 2022 (5PM) |
| Date of Exam | November 27, 2022 |
| Date of Result | January 3, 2023 |
Eligibility Criteria
Candidates should have completed Graduation in any discipline.
How to apply for the Exams
- Register yourself on the portal.
- Fill in the required information.
- Select the course.
- Fill the application form Thoroughly.
- Choose the examination center.
- Upload the required documents.
- Review the application and submit the application.
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Pay the asked amount.
How to prepare for Exams
- Have a thorough knowledge of the syllabus and be updated with it.
- Strategize your learning and practice according to the subject.
- Prepare notes that will be helpful in the end for revision.
- Give a mock test to review your learning and plan according to weak sections.
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Solve previous year's papers.
IIT vs IIM Salary
Both IITs and IIMs have an excellent placement record since their incubation. Both provide good packages at good profiles. An IITian goes into technicalities of a product whereas an IIM student manages the organization and makes strategic plans to sell the product. The salary of different IITs and IIMs are given below.
IIT
IITians are offered roles mostly in the Technical and research sector. Some of the profiles offered to IITians are Mechanical Engineer, System Engineer, Developer, Civil Engineer, Programmer, IT Engineer, Network Engineer, Research Associates. Top recruiters at IITs are Microsoft, Google, TCS, Infosys, ITC, John Deere, Nvidia Corporation, ONGC, Amazon, Adobe.
| IIT College | Average Salary offered |
|---|---|
| Indian Institute of Technology Madras | INR 15,00,000 |
| Indian Institute of Technology Delhi | INR 22,50,000 |
| Indian Institute of Technology Bombay | INR 20,00,000 |
| Indian Institute of Technology Kanpur | INR 15,00,000 |
| Indian Institute of Technology Kharagpur | INR 15,00,000 |
| Indian Institute of Technology Roorkee | INR 15,00,000 |
| Indian Institute of Technology Guwahati | INR 14,50,000 |
| Indian Institute of Technology Hyderabad | INR 16,50,000 |
| Indian Institute of Technology Indore | INR 9,00,000 |
| Indian Institute of Technology (Banaras Hindu University) Varanasi | INR 8,50,000 |
| Indian Institute of Technology (Indian School of Mines) Dhanbad | INR 14,00,000 |
| Indian Institute of Technology Bhubaneswar | INR 11,50,000 |
| Indian Institute of Technology Gandhinagar | INR 9,00,000 |
| Indian Institute of Technology Ropar | INR 14,50,000 |
| Indian Institute of Technology Patna | INR 13,50,000 |
| Indian Institute of Technology Mandi | INR 13,50,000 |
| Indian Institute of Technology Jodhpur | INR 14,00,000 |
| IIT Palakkad | INR 8,50,000 |
| IIT Tirupati | INR 9,20,000 |
IIM
IIM Graduates are offered roles of Sales Manager, Consultant, Analysts, Management Trainee, Finance executive, Project Manager, Investment Banker, Product Managers at some of the top national and international companies that include Ernest and Young, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Deutsche Bank, Altisource and many more.
| IIM College | Average Salary |
|---|---|
| Indian Institute of Management Ahmedabad | INR 26,00,000 |
| Indian Institute of Management Bangalore | INR 26,00,000 |
| Indian Institute of Management Calcutta | INR 24,00,000 |
| Indian Institute of Management Lucknow | INR 22,00,000 |
| Indian Institute of Management Kozhikode | INR 22,50,000 |
| Indian Institute of Management Indore | INR 23,50,000 |
| Indian Institute of Management Tiruchirappalli | INR 15,00,000 |
| Indian Institute of Management Udaipur | INR 13,00,000 |
| Indian Institute of Management Raipur | INR 15,00,000 |
| Indian Institute of Management Ranchi | INR 14,50,000 |
| Indian Institute of Management Rohtak | INR 13,00,000 |
| Indian Institute of Management Shillong | INR 19,00,000 |
| Indian Institute of Management Kashipur | INR 13,00,000 |
| Indian Institute of Management Nagpur | INR 13,50,000 |
| Indian Institute of Management Amritsar | INR 12,00,000 |
| Indian Institute of Management Bodhgaya | INR 11,00,000 |
| Indian Institute of Management Sambalpur | INR 11,50,000 |
| Indian Institute of Management Sirmaur | INR 11,50,000 |
| Indian Institute of Management Jammu | INR 11,00,000 |
| Indian Institute of Management Vizag | INR 13,00,000 |
IIT vs IIM which is better?
Students wish to get into IIT in order to follow their passion for engineering or get fundamentals of engineering whereas an IIM makes a student a better manager to administer a company. The IITs give a good RoI (Return on Investment) that is offering good placements without much fees while on the other hand except few Management Institutes the RoI decreases. However, the Salary offered via an IIM is much better than an IIT. The choice of being an alumnus of IIT or IIM solely depends on you.
IIT vs IIM which is tough?
Getting into IIT is a bit tough as compared to getting into IIM. To get into IIT one has to clear one of the toughest exams in India- JEE Mains and JEE advance and has to secure a good rank in order to get into an IIT. Every year approximately 20,00,000 people register for the JEE exam while the number of seats in IIT is approximately 17,000. So, competition to get into an IIT is a lot more than an IIT. Getting into an IIM is equally tough as getting into an IIT. One has to clear the set cut-offs in CAT which is one of the toughest management entrance exams. For CAT approximately 2,50,000 people register for 20,000 seats in IIMs. So, the competition is fierce for getting into an IIT.
IIT vs IIM Startups
Most of the startups are set up by IIT Graduates. According to research done in 2015, around 200 IIM Graduates opt for Startups whereas the number is 1,600 for the same path. IIM graduates earn better salaries and, in some cases, far better than an IIT Graduate. It becomes difficult for an IIM Graduate to leave a plush and handsome salaried job for an entrepreneurial journey. So, the number of Startups arousing from an IIT Graduate is more than an IIM Graduate.
IIT or IIM which is better for MBA?
Adding the Tag of an IIT or IIM has always been a dream of every student. When it comes to MBA, IIMs are known for their flagship Management programs. We have compared the MBA programs from an IIT and an IIM. Read through.
MBA from IITs
- IITs have a rich alumni base and mostly are established even before any IIMs.
- The fees of an MBA from an IIT are low as compared to many IIMs.
- As many IITs have been established before many IIMs, they have good Infrastructure.
- The batch size is less, making it a less competitive process in terms of placement.
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IITs are known for the MBA in Operations.
MBA from IIMs
- IIMs are synonymous to management education in India.
- Batch size is more making the competition fiercer and rigour.
- Provide excellent placements and many offer roles of good managerial positions.
- The batch of an IIM is diverse. The batch will contain students from varied fields like Engineering, Hotel Management, Commerce, Science, Arts, etc.
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An MBA from an IIM is more valuable than an MBA from an IIT. As most companies prefer students from IIM for holding the managerial positions.
IIT vs IIM FAQs
Ques. What is the difference between an IIT and an IIM?
Ans. IIT is an institute that provides knowledge in the field of Engineering and Technology while IIM sheds its light on Management and its resources. IIT is an entry-level institution for which candidates need to pass 10+2 whereas IIMs offer Post-Graduation in Management for which candidates need to have completed Graduation.
Ques. Which IIT is better among the 23 IITs?
Ans. There are 23 IITs categorized in Old and New IITs. The old IITs are considered Mecca for Engineering and have IIT Bombay, IIT Madras, IIT Delhi, IIT Kharagpur, IIT Kanpur, IIT Guwahati, and IIT Roorkee in its basket. These IITs are considered the best IITs in India to study Engineering.
Ques. How Much Money will I have to shed to get into IIT?
Ans. The average fees of an IIT are INR 9,00,000 (hostel fees can be excluded). Apart from the college fees, the Miscellaneous cost of a candidate can be at least INR 4,00,000 for 4 years.
Ques. Do IITs give fee concessions or Scholarships to candidates?
Ans. IITs do provide Scholarships to Reserved Category students. Also, the cut-off for the reserved category candidates is slightly lesser as compared to the Non-Reserved Category.
Ques. Which is the best field to study Engineering in any IIT?
Ans. The choice of field depends solely on the candidates as to in which field he/she is interested. By terms of placements Computer Science and Information Technology are considered the best fields to study as these are the fields that offer more salary than any other field.
Ques. What is the eligibility to get into IIM?
Ans. The basic eligibility to get in IIM is as follows:
- Candidates should have appeared in CAT and should have secured the minimum cut-off set by each IIM.
- Candidates irrespective of their field of study in Graduation are eligible to get a seat in IIM.
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Candidates will have to go through Group Discussion and Personal Interview whose marks along with scores of CAT will be summed up in the final merit.
Ques. What are the top companies that recruit IIM Graduates?
Ans. Some of the top companies that on-campus of IIMs are Ernest and Young, Deloitte, Walmart, Accenture, JP Morgan Chase, Barclays, Deutsche Bank, Altisource offering the roles of Sales Manager, Consultant, Analysts, Management Trainee, Finance executive, Project Manager, Investment Banker, Product Managers.
Ques. Which is the best IIM in the country?
Ans. Old IIMs are considered the best in the country. Old IIMs include IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, and IIM Kozhikode. These IIMs are considered the mecca for studying Management.
Ques. Do IITs also offer MBA degrees?
Ans. Some of the IITs including IIT Bombay, IIT Delhi, IIT Kharagpur, IIT Roorkee, IIT Kanpur, IIT Dhanbad, IIT Madras, and IIT Jodhpur offer MBA to willing candidates. These IITs prefer CAT scores to offer admissions in their management course.
Ques. How do I improve my chances of getting into an IIM?
Ans. Almost 2,00,000 candidates apply for CAT and only 10,000 are offered admission in prestigious IIMs. The first and foremost step is to score well in CAT. Have an exceptional track record in terms of Academics and Work Experience as these have weightage in the final selection. Also having associated with NGOs and having done Work/Internships in the Management field gives you plus points.
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