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Which school should I choose for consulting/operation - IIM Indore or Management Development Institute, Gurgaon?
My sister was in a similar situation and could not reach a decision. But in the end, she went for MDI. She does not regret her decision at all as she says MDI is one of the best B Schools in India. Some points that support her opinion are
- MDI is recognized by the Eduniversal rankings as a 5 palms institute. This included other top B Schools like IIM ABC and a few others.
- The MDI faculty is at par with that of any top IIM. The faculty strength is around 80 permanent renowned faculty. The faculty is extremely experienced and well-known in the industry.
- MDI has its own mutual fund which is unique in the whole country. One of the most reputed investors is Sanjay Bakshi.
- Corporate talk series is conducted to host guest lectures led by eminent people like the CEO of Deloitte US.
- The students at MDI enjoy a fun-filled campus life. The ambiance is rather fresh and clean with trees and red bricks.
- The exchange program is also top-notch with partnerships with some of the top universities across the globe.
- The placement opportunities are also much broader and versatile here. Many companies that only visit IIM A B C, visit the campus of MDI as well.
|
Particulars |
MDI |
IIM Indore |
|
Highest CTC |
INR 1.14 CPA |
INR 49 LPA |
|
Average CTC |
INR 26.65 LPA |
INR 25.01 LPA |
|
Major Domains |
Consulting |
Consulting & Finance |
Consulting
MDI has largely improved in the consulting domain over the past few years. The most reputed recruiters of the consulting sector visit the campus and offer the best profiles. Some of them include
- AccentureStrategy
- Aditya Birla Group
- Boston Consulting Group
- Deloitte India
- Deloitte USI
- McKinsey & Company
- PwC US Advisory
- Hinduja Group
- RelianceIndustries Limited
The highest CTC in the consulting domain at MDI stood at INR 38.30 LPA with 171 offers. So if you are ready to give up the IIM tag for a lifetime, then MDI is the best option.
What is the minimum package of IIM Indore?
One of my friends is a pass out of IIM Indore and she claims the placement statistics are rather misleading in comparison to the actual figures.
The highest package is usually around INR 14 LPA and if you are really qualified then maybe INR 20 LPA. The average is around 8-10 LPA. The lowest CTC stoops as low as 5-6 LPA. Moreover, many students even fail to land a job after completing the program. The reason behind this is the lack of popularity of the program among recruiters. They don’t want to invest in a relatively new and uncertain course, rather they prefer B.Tech + MBA students.
Now let’s talk about ROI. The fees for the first 3 years is INR 5,00,000 per year. The total fee is around INR 25,00,000. Including the additional expenses, we can say it’s around INR 30,00,000. Comparing the fees with the placement we can easily say that the ROI is terrible. You will have to spend many years paying the loan back.
How can I get into IIM Indore right after 12th?
Integrated Programme in Management (IPM) is a program aimed at students who have passed out of class XII/Higher Secondary or equivalent from schools across India.
IPM is a 5-year program launched in 2011 by IIM Indore. The program has been accredited by the Association of MBAs, London.
The program's agenda is targeting the youth that has managerial and leadership skills and transforming them into world-class leaders through top-notch education. It has been specially designed for young individuals who want to pursue Management right after 12.
Selection Process
The selection process of getting admitted into IIM Indore for IPM comprises 3 steps
- You will have to fill out an application form that entails your academic and extracurricular achievements.
- After this you have to write an entrance exam that aims at analyzing your aptitude, logical reasoning, and proficiency in English and Mathematics.
- Lastly, after shortlisting you go through a personal interview with well–qualified professors from IIM Indore and other prestigious institutions. The panel will judge your confidence, communication skills, general awareness, persuasion skills, and knowledge.
Only 120 seats are available for this program at IIM Indore. The entire program is broadly divided into the first 3 years and the last 2 years.
The Programme consists of 15 terms spread over a period of 5 years, with each year having 3 terms of 3 months. The subjects of the initial 3 years focus on the foundation and the last 2 years have core subjects that focus on Management.
Is IIM Trichy better compared to IIM Indore?
New IIMs are being projected as amazing institutes when the truth is far different. The media is relaying false information for the sake of publicity.
So I will personally recommend the following not to join any new IIMs at any cost.
- For people who come from Top Tier engineering colleges (IITs/ BITs etc) and have a salary of more than 10 lakhs per annum in the tech space
- For Entrepreneurs or aspiring Entrepreneurs
I will recommend the following to join any IIM
- For people who are not from a Top College and have a salary of less than 5–6 lakh per annum
- For people who come from Top Tier (T1) Engineering colleges and have ruined their graduation
These recommendations are based on the expectations of many. But please don’t consider joining the new IIMs unless it’s the last option you have.
How were your 2 years at IIM Indore?
Studying at IIM Indore makes you proficient in
- Dealing with different types of people.
- Working under rigid schedules.
- Multitasking
- Many other useful skills (for example SPSS)
IIM Indore has one of the biggest and most beautiful campuses of all IIMs. The campus is more like a city wherein we have our own shuttle buses, movie screenings, Olympic size swimming pool, food outlets, etc.
Almost every festival is celebrated here and there are special feasts for each festival, like the Durga Pooja feast, Ganesh Chaturthi feast, Eid feast, Onam feast, Pongal feast, etc. There are special Christmas, New year, Lohri, and Holi celebrations also.
One major highlight is the Rural Immersion Program in which you spend a week in the villages in groups of 3 to 4 to ascertain the progress of Swach Bharat Abhiyan. Another initiative on the part of students is the Himalayan Outbound Program where you get to spend a week in the mountains.
The farewell marks the final chapter of these beautiful 2 years. There are 2 farewells, one is organized by the cultural committee and the other one is organized by the institute administration.
What is the formula for converting a CGPA to a percentage in IIM Indore?
The basic grades and their equivalent percentages are determined by the Programme Executive Committee. They are more or less the same across programs (PGP, IPM, etc).
The formula for converting CGPA to a percentage:
if you have a GPA of 3.33, it would be equivalent to the percentage of 83.33+{(3.33–3.3)/(3.4–3.3)}*(86.67–83.33).
How is the FPM in Finance at IIM Indore, Lucknow, Kozhikode?
The FPM or the Fellow Program in Management is a full-time, residential, fully financially supported doctoral program of the Indian Institute of Management Kozhikode.
One of my friends joined IIM Kozhikode for research under financial accounting and control. According to her, the first year is full of rigor and a rigid curriculum. The FPM students share the curriculum with MBA students in the first year along with 3 FPM courses. The shared curriculum enables them to get in insight into various aspects of Management.
Like the first year, the second to has 3 semesters of 3 months each. This year comprises core FOm courses that give a depth understanding of methodologies and various econometric tools.
One major drawback my friend faced was the improper ratio between the number of courses and their period of study. The second year has 7 courses in each term which imply 12 days per subject which is insufficient. If we consider the 30 hours of classes per course, it means we attend classes for 210 hrs ( appr 8 days).
So IIM Kozhikode no doubt offers top-notch facilities and resources but you will have to prepare yourself to physically and mentally tire yourself to avail of them. FPM is an excellent course for research aspirants and not for casual learners.
What is the highest package of IIM Indore?
The highest package of IIM Indore of 2022 is
- EPGP- INR 70 LPA
- PGP IPM- INR 49 LPA
- PGP HRM- INR 36 LPA
An increase of nearly 30% has been observed in the average package offered to EPGP students during placements in 2022 when compared to 2021. An increase of nearly 114% has been observed in the average package offered to EPGP students during placements in 2022 when compared to 2021. So we can say that the highest package of IIM Indore is INR 70 LPA.
“The stellar placement season witnessed by EPGP class of 2022 is an outcome of the perseverance and persistent sincere efforts of the institute, faculty, and students. We wish to thank our corporate recruitment partners for showing immense faith in the capabilities of our EPGP participants to become business leaders of tomorrow,” said Professor Himanshu Rai, director of IIM Indore.
What is this pi quiz by IIM Indore and what is the syllabus?
The Pi-Quiz is a scheme started by the students of the Integrated Programme in Management at IIM Indore. This initiative aims at identifying the genius among students from classes 9-12. The quiz comprises 2 rounds
The first round: It takes place in the schools associated with The Pi Quiz. This round tests the raw mental abilities of the students. The questions are usually based on basic mathematics and logical reasoning.
The second round: It takes place at the campus of IIM Indore. The winners from the first round are then invited to the second round. These are made to face each other in a series of multiple rounds for a course of 2-3 days. The rounds focus on elements of persuasion and communication skills, exceptional body language skills, and sheer brain power.
The winners of the second round are awarded a cash prize of INR 40,000.
What are the merits and demerits of the integrated 5-year BBA+MBA that is being offered by IIM Indore?
IIM Indore has more merits than demerits.
Merits
- Excellent exposure offered by IIM Indore
- The mixed crowd from across the country will become great learning and developing network opportunities.
- The assistance is provided by the top-notch faculty who are not only experienced but also humble.
- The brand name of IIM is irresistible and can open hundreds of doors of opportunity just at the age of 23.
- Indore is a well-connected and developing city with improved job opportunities and industrial development over the years.
The only disadvantage that IIM Indore has or that of any other IIM is the high fees. But if you compare it with the high package you will be offered once you complete the course the fees are really worth it.
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