MIT Sloan is a much bigger brand, and it will open many more doors for you.
IIMA is highly popular in India, but MIT Sloan has a world-wide reputation.
MIT will give you much more exposure than IIM Ahmedabad. At MIT, you’ll study with a much more diverse crowd and take lectures from Nobel laureates. MIT will offer you plenty of opportunities, some of which you never even thought existed. At IIM Ahmedabad, you'll study solely to be placed in top MNCs.
As long as you can afford its fee, you shouldn’t worry about MIT’s ROI. You’ll recover the study cost in virtually no time. MIT and Princeton especially offer the best MFin program in the world.
I highly recommend MIT Sloan over IIM Ahmedabad.
The first two IIMs were supposed to be in Mumbai and Calcutta. While the land and approvals for Calcutta came relatively easily, the then-Mumbai state government refused to allot land for an IIM in Mumbai and acted rather casually.
Meanwhile, Vikram Sarabhai, the driving force behind the IIMs concept, was eager to get the IIMs up and running as soon as possible. He was well known for his extensive business and political connections, but his entire industrial and research infrastructure was in Ahmedabad (in the then-newly created state of Gujarat).
Vikram Sarabhai was so eager to get the IIM started in western India (one in the east and one in the west was the initial logic, which was followed by one in the south and one in the north as well) that he pulled all the strings for an IIM in Ahmedabad. For the first few years, IIMA was based in Vikram Sarabhai's personal bungalow in Ahmedabad's Shahi Baug area.
He was also the driving force behind the recruitment of other IIMA legends, including Louis Kahn for the architectural plan, Kastoorbhai Lalbhai of Arvind Mills for the donation of all land for the campus, and the mesmerizing Ravi J. Matthai, the institute's first full-time director.
As an undergraduate, you must complete the following tasks:
Better 10th and 12th-grade point averages, at least above 80% in both.
Maintain your academic focus.
Choose a non-engineering subject for your undergraduate studies. It will help your profile.
Attempt to score above the 99th percentile on the CAT. If you want, you can do coaching during your undergrad.
Enhance your communication and writing abilities. This will be beneficial in WAT and GD/PI. If you want, you can join Toastmasters or start a blog.
If you want, try to participate in some extracurricular activities. This will not improve your IIM chances (unless you have a national-level certificate), but it will add some vibrancy to your profile. Activities can range from being a member of a club or placement cell to creating your own YouTube channel.
Perform some internships or work as a freelancer on a project. It will provide fodder for conversation in interviews.
At IIM Ahmedabad you get to learn from the faculty members when you get to assist them. There are lots of discussions, planning, execution that go into the work of Academic associates. Yes, it is one lot of overwhelming experience at IIM-Ahmedabad.
So, this is the job profile of an Academic Associate at IIM A:
This is an amazing experience to not only know your peers but also your teachers. This creates a bond and understanding between teacher and students. You get to learn the tricks and techniques from the faculties about teaching.
It is, indeed. By far.
Whether you want a tech role, a front-end IB role, a PE/VC role, trading, algo trading, a hedge fund or quant role, a risk manager or a financial regulator role, or even a research career in finance, IIM C is by far India's best offering. It has a cutting-edge Finance Research and Trading Laboratory, multiple terminals throughout the campus and the laboratory, the largest annual research output by PhDs in India, and much more.
In terms of both absolute placement rates and batch percentage, IIM C has the highest placement rates in India's finance industry.
Academics are brilliant at both of these institutes. They both follow case study pedagogy. But they are different from each other in many ways.
Here are some differences between them to help you find a better match for your PGPM-
I would recommend you choose the college that best suits your profile and career goals. Both of these business schools are highly renowned and good in their own way.
The lowest package offered during IIM Ahmedabad PGP placements 2021 was INR 11 LPA. The “Maximum Earning Potential” component is considered while calculating the highest package.
In terms of NIRF 2023 Management Rankings, IIM Bangalore ranked higher than IIM Calcutta. Even in the FT Global rankings 2023 for MBA, IIM Bangalore ranked 52, whereas IIM Calcutta ranked 76.
The alumni of IIM Bangalore are more into research and academia.IIM Ahmedabad and IIM Calcutta were open to private-sector jobs since their establishment. IIM Bangalore, on the other hand, was established to produce public sector managers. It was opened for private sector jobs in the late 1990s. IIM Ahmedabad and IIM Calcutta had a headstart there which is why they have a greater number of notable alumni in the private sector. Even then, IIM Bangalore does have a good number of alumni in the private sector.
IIM Bangalore is an institution of global recognition and repute. It will offer you all the opportunities and necessary guidance to become successful in your career.
There are numerous possible answers to this question. People can start well, start poorly but do well in the long run, or get extremely lucky with the company they choose. For example, a person who graduates with the average salary of the batch is likely to be earning 4.5-5X their first-year package after ten years if they perform consistently and do not deviate from their growth path in any way. The ratios will obviously differ if you start at a lower or higher salary than the average.
Furthermore, switching companies for faster growth would provide you with a package similar to what a reasonably successful person who stays with the same company may receive.
It is difficult to answer this question. The demand for managers in India is continually plummeting and it is foreseeable that nothing would eventually happen even if the Indian business schools stopped producing any more managers.
Around 99.99% of the work done by management degree holders in India can be done by absolutely any graduate. So, introducing any other profile other than that can be a far-fetched dream already.
The lowest package of IIM Ahmedabad is probably 0 LPA. IIM Ahmedabad offers many courses like Agri-Business Management that do not have many recruiters. Also, because of reservation, the quality of graduates at IIM Ahmedabad has been definitely diluted.