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IIM Indore is best for which field?
Many of my friends graduated from IIM Indore and here is some information about the different fields in the institute.
Strategy
- You will find some of the remarkable and appreciable faculties in the strategy domain.
- If the candidate wants a deep understanding of this field, then they can choose this.
- Some of the best-taught subjects in this domain are Business models, Mergers, and acquisition.
Marketing and Finance
- The faculties of Marketing are also good.
- In terms of placements, the Marketing and Finance domain had really good statistics.
- But, it is important to know that this varies according to the demands of that role offered by the recruiter.
Here are the placement statistics for the year 2021.
| Highest International CTC | INR 56.8 LPA |
| Highest Domestic CTC | INR 41.5 LPA |
| Average CTC | INR 23.6 LPA |
| Major domains | Finance and Sales & Marketing |
| Top recruiters | PwC, Deloitte, Optum, BCG, Amazon, Cipla, MX Player, ACT Fibernet, Paytm, Microsoft |
Lastly, one can say that the candidate will be getting the best faculty to teach them in the institute. It is up to the decision of the aspiring candidate about their choice of domain. The trend of placement varies every year. It is important to choose the field of study as the interest of the candidate.
Which career is better from a financial perspective: a corporate lawyer or an IIM Indore IPM course?
Honestly speaking, every career is good from a financial perspective provided that you are efficient in your job. You don’t get paid for your qualifications, degrees or certificates. They are just means to acquire the skills. People pay you for your skills and efficiency. They pay you for the quality of work you get delivered.
The reason why IIM or top Business or Law Schools students earn a higher salary than others is because their colleges teach them the skills along the way. They don’t just receive their degree after paying high fees. They earn the degree through struggles and efforts.
Other instances include people who lack higher education yet have strived to become entrepreneurs and stock investors. They are making a lot of money through it. They are being paid for their skills and knowledge for their degrees.
So decide your career solely on the basis of your interests and inclinations. Don’t just aim at a degree or a certificate.
What are the chances of getting into IIM Indore IPM if my OBC rank is 61?
One of my friends opted for both Indore and Rohtak. He only got into the waiting list for Rohtak through the EWS Category Rank 80. It is actually a bit hard to get admission at IIM Indore.
According to a trend, which emerged from IIT and NIT, students are dropping out of their colleges to enroll in Indore because of its tremendous growth in the past few years. This has provided immense opportunities to students related to internships and work.
If you are an IIT/NIT aspirant and still confused whether you should choose Management from Indore or Engineering from IIT in sync with your interest in finance, entrepreneurship or consultation then you must go for Indore. It will also develop your business too.
During the 2nd merit list in 2020, students from NC/OBC category up to the merit rank of 47 got an admission offer. So, if we analyze from that, then you'd have a better chance after the result announcement of JEE Advanced.
Is it better to go for the IPM program offered by IIM Indore or do a bachelor's degree and go abroad?
First of all, it depends on the college you enroll in (for undergraduate study in India) and the subjects you are interested in. Choose IPM if the undergrad institution you are considering is not on par with it. If not, you might still think about that as a possibility.
Additionally, it depends on individual preference, financial situation, family, etc. Moving abroad is a major decision, and not everyone is emotionally or mentally prepared for it. Therefore, it is a very individual choice.
Most importantly, after completing the first three years at IPM, you are free to transfer to another college abroad. People have done this in the past and been accepted to institutions like HEC, and Paris. If you take this route, you will have the security of completing an MBA at IIM-Indore in case you are not accepted to your dream college abroad; however, if you are, you may leave IPM. It benefits both parties.
Additionally, three years is a long time, and if you decide to travel abroad, your preferences may change. In that case, IPM is still a better choice. As a result, we strongly advise choosing this option.
How is the IPM course offered by IIM Indore? After completion of 5 years, do we get a diploma or a degree from IIM?
With the implementation of the IIM Act, students of the five-year Integrated Program in Management (IPM) would, like their PGP counterparts, begin receiving degrees rather than diplomas in 2018.
In contrast to their peers in colleges, IPM graduates could not enroll in higher education programs. It was for this reason that many students chose not to apply for the course.
Authorities at IIM Indore were troubled by the fact that IPM was a diploma program. Concerned, IIM Indore administrators permitted IPM course participants to pursue degree programs concurrently via distance learning. However, this action also did not put an end to the worries related to the IPM course.
Is there anyone in IPM IIM Indore batch with less than 90 percentage in class 10th and 12th?
Yes, there are people who scored below 90% aiming to get into IIM Indore. Here are some things to keep in mind if you're in this situation:
- To get into IIM Indore, you need to qualify for the entrance test with high scores since the paper deals with sectional cut-offs.
- After qualifying, you need to excel in the interview, where you will compete with people who scored over 90% - 95%.
- Being exceptional in your subject matter knowledge is key to performing well in the interview.
It's difficult but not impossible to get into IIM Indore with scores below 90%. Attitude and aptitude both matter.
Is economics honors a better option or IPM offered at IIM Indore?
Firstly Economics Honours required an in-depth study of Economics whereas the IPM program focuses on the many areas of Management. There is a drastic difference between the nature of both courses. No doubt Economics knowledge is beneficial for the IPM program but is not necessarily important. In IPM, Economics is just a 4 credit course in a term of about 30 credits.
IPM hugely emphasizes Quants over Economics. So if you are more interested in Economics, then IPM is not for you. Your choice should be a good college from DU North Campus. If you manage to get into one then pursuing Economic Honors is a much-preferred option over IPM. Don’t choose a below-average college for Economic Honors. In that case, go for IPM only.
Which is the kind of degree does IIM Indore gives to IPM students?
From January 2018, the Indian Institutes of Management Act 2017 became effective. Students get a Bachelor of Arts (Foundations of Management) and a Master of Business Administration (under the Dual Degree Program) from IIM Indore at the end of the five-year Integrated Program if all program requirements are met.
You can also drop out of IPM after three years. IIM Indore will award them a BA degree. Note that although the degree offered is a BA, the course format includes a significant amount of math.
Why is IIM Indore good?
I have about 5 friends studying in IIM Indore and they have had good experiences. Here is a brief about IIM according to my friends.
Placements:
- The graduating class of Integrated Programme In Management 2020 witnessed a great placement season.
- The highest annual salary offered was 56.8 LPA. The average package of the batch remained 23 LPA.
- More than 160 companies visited the campus and the major recruiters included Bank of America, Goldman Sachs, Deutsche Bank, Dabur, etc.
Infrastructure:
- The whole campus is wi-fi enabled. All the classrooms are centrally air-conditioned and have state-of-the-art facilities to implement the latest methods of teaching.
- If you are a sports enthusiast, you won’t be disappointed at all. You get a full-fledged Cricket Stadium, an Olympic-sized swimming pool, a steam bath, a sauna, volleyball courts, tennis courts, football courts, etc.
- Coming to other necessary facilities like medical, there is a doctor available on campus at all times.
Faculty:
- You also get a great faculty at IIM which is highly qualified and experienced. Most of the professors are the pioneers of their respective fields while being equally understanding and helpful.
- No matter how busy they are in research work, they often devote time to students to clear their doubts. The teachers try to incorporate practical teaching to the best of their resources and ability.
- You will also have enough exposure to the industry through various field trips conducted.
Overall, if you have secured a seat at IIM Indore, brace yourself for a lifetime experience of learning and fun.
How does IIM Indore stand out in comparison with IIM Ahmedabad?
Having known some students of both IIM Indore and Ahmedabad, I can say that both are excellent and well-reputed colleges. Your answer can be segregated into four different categories ranging from peers, academics, faculty and finally, the one everyone is highly interested in – placements:
Your peers:
- The people in your cohort will all be very intelligent and hardworking folks on both campuses.
- The basic numbers are obviously high but that is the requirement of the college every year.
- The talent pool is equally high in IIM Indore as compared to IIM Ahmedabad.
- Many students from the college have won multiple B school competitions while competing directly with IIM A, B, C, and FMS among others.
- This is the main way to judge how good your cohort and peers are across various B-schools.
Academics:
- IIM Indore acquires its inspiration from IIM Ahmedabad.
- A lot of the courses offered at IIM Ahmedabad are also offered at IIM Indore.
- IIM Indore campus also has a finance lab that was inspired by IIM Calcutta.
- The opportunities for learning and exploring various fields have also increased quite a lot.
Faculty:
- As far as IIM Ahmedabad is concerned, the faculty is splendid and well versed since the school is much older.
- It would not exactly be fair to compare the faculty at IIM Indore with IIM A.
- But IIM Indore faculty have also worked with IIM A faculty. Especially the senior faculty.
- In a few years, the same faculty will be in touch with you and you will get to experience learning under their wing.
Placements:
- As far as IIM Ahmedabad is concerned, the college publishes a complete audit by CRISIL where they claim their average placements to be INR 18 to 20 lakhs per annum.
- The placement report generated by IIM Indore is not audited and is generated by the college internally.
- They claim the placements to be INR 14 lakhs per annum but this might not be entirely true.
| Categories | IIM Indore | IIM Ahmedabad |
| Course Fee | 15.01 lakh | 23 LPA |
| Highest CTC | 44 LPA | 50-60 LPA |
| Average CTC | 22 LPA | 24 LPA |
| Recruiting Companies | KPMG, Nerolac, ICICI Bank, Aditya Birla Group, etc. | Mindtree, Loreal, Mercedes, HSBC, etc. |
This comparison is slightly unfair as IIM A has better ROI and is comparable to world B-schools whereas IIM Indore is a good business school in central India.
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