Generally, in the case of IIM Shillong, the overall cut off percentile for the general and the OBC category is 80, and 50 for the SC category. The aforementioned scores make up the basic eligibility criteria for the programs offered at IIM Shillong.
For the year of 2019, the cut off percentile for Round 1 of PGPM, Post Graduate Program in Marketing, and Post Graduate Program in Organizational Behavior and Strategy was 90. Therefore, based on the previous year’s cut off, it is possible for an individual to receive a call from IIM Shillong with a 92.24 percentile. However, whether or not one receives the call depends upon certain other factors:
These are some of the factors that might influence whether or not an individual would receive a call from IIM Shillong at a 92.24 percentile.
Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.
Admission Criteria
Given below are the admission criteria for the institutes mentioned in the question.
The table below draws a comparison of the MBA program offered by the institutes.
Institute |
Fees |
Highest CTC |
Average CTC |
New IIMs |
IIM Ranchi- 15.30 lakhs |
IIM Ranchi- 26 LPA |
IIM Ranchi- 15.02 LPA |
IIM Rohtak- 14.65 lakh |
IIM Rohtak- 24.13 LPA |
IIM Rohtak- 13.7 LPA |
|
IIM Raipur- 14.20 lakhs |
IIM Raipur- 24.06 LPA |
IIM Raipur- 15.2 LPA |
|
IIM Udaipur- 13.75 lakhs |
IIM Udaipur- 27.5 LPA |
IIM Udaipur-13.2 LPA |
|
IIM Kashipur- 10.58 lakhs |
IIM Kashipur- 28 LPA |
IIM Kashipur- 12.17 LPA |
|
IIM Shillong |
14.4 lakh |
48.5 LPA |
14.8 LPA |
XIMB |
20.8 lakh |
58.2 LPA (International) |
15.4 LPA |
IMT Ghaziabad |
17.5 lakhs |
57 LPA (International) |
12.5 LPA |
IIT Madras |
8 lakhs |
29.02 LPA |
14.38 LPA |
IMI Delhi |
17.15 LPA |
22 LPA |
13.07 LPA |
TAPMI |
14.3 LPA |
26 LPA |
12.7 LPA |
Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.
All of the mentioned institutes are good for MBA in Finance. However, based on facilities provided, course curriculum, and placements the order of preference should be IIM Shillong, new IIMs, XIMB, IMT-G, IMI-D, IIT-M, TAPMI.
With Kozhikode having completed its 20th year and psychologically establishing itself as one of the older IIMs, placements in finance have been better this year. Some of the big brands that visited IIM K but not JBIMS include Credit Suisse, Bank of America Continuum, Deutsche IBD, Deutsche GTB, and a few others. While some companies, such as India Bulls, visit JB every year due to its proximity, the placement season at K saw many new and prominent first-time recruiters, such as CS, BoFA, IDFC, and others. The only big name missing from K's portfolio is Standard Chartered, which happens to be a regular recruiter at JB.
Overall, K is shifting toward a more balanced finance portfolio, with DB, GS, and JPMC providing middle office IBD roles, DB, Axis, ICICI, Yes Bank, Citi Bank, IDFC, Edelweiss, and Indus Ind providing corporate banking/treasury roles, and SBI Caps and Entrust providing front end IBD/asset management.
DMS and IIM Shillong are nowhere near the level of IIFT, Delhi. A more accurate comparison for IIFT would be with MDI, SP Jain, or IMT.
IIM Shillong will be more valuable only to those who are oblivious to the IIM label. The college's remote location and unusual selection criteria are significant impediments to its growth. DMS, on the other hand, has an advantage due to the fees, but it is still not in the same league. A more level playing field would be with SJMSOM and IIT Bombay.
So, if you want the IIM tag, go with IIM Shillong, but keep in mind that with new IIMs opening every year, that tag is becoming diluted, and go with DMS only if fees are a major criterion. Just in terms of brand value, IIFT is far superior to either of them, with its 50-year heritage, strong alumni, central location, and strong differentiation.
There are several factors that you should consider before deciding on a business school. Fee is one of them; though the fees you pay at any business school is not directly equivalent to the average package offered, so keep that in mind before making any decision.
Now, Management schools generally increase their annual fees by 10 to 20% every two years. For instance, in the year 2018, MICA increased their fees from Rs 16.5 lakhs to 18.5 lakhs and then last year, they increased it again to Rs 20 lakhs. Similarly, SIBM Pune increased their fees by 20 % in the year 2018. Thus, bear in mind that most business schools change their fee structure annually or bi-annually while it is a deciding factor, it is also highly common.
Tabulated below are the recent fee structure and average salary offered by the institutes:
Institute Name |
Fee Structure |
Average Salary |
MICA |
21 LPA |
13.9 LPA |
SIBM Pune |
18.8 LPA |
20.14 LPA |
IIM Shillong |
10 LPA |
18.76 LPA |
Comparison:
MICA is an excellent college with a unique structure; people are creative and innovative there. The college will definitely help you grow and will offer you a very different and unique experience, unlike a traditional management school. While it is a good and upcoming college; it has to work to match up to management colleges like SIBM Pune and IIM Shillong.
If you're interested in PGP HRM, IIM Shillong is the best option in India in terms of placements. The average placement at MDI Gurgaon this year was INR 23.80 LPA, with a median package of INR 23.50 LPA and the highest package of INR 35.57 LPA. Top recruiters included Asian Paints, Infoedge India Limited, Axis Bank, Microsoft, Godrej, KPMG, HCL, Deloitte, Samsung, Google, Amazon, and Atlassian.
At NMIMS, Mumbai, the MBA HR program had an average salary of INR 19.40 L, with more than 180 companies participating. The highest salary this year was INR 57.65 L for the MBA Core program and INR 29.09 L for the HR cohort. Notable recruiters included EXL Acumen, J&J Quest, M&MI Rise for Good, PVMI - Make a dent, Reliance T.U.P, Godrej Loud, and more. IIM Shillong's 2022 placements drive saw 100% of students placed for the PGP 2020-22 batch. The highest package for IIM Shillong placements in 2022 was INR 55.22 LPA, while the average package offered was INR 23.10 LPA. PGP HR saw participation from companies like Bosch, D.E. Shaw, HSBC Bank, Mahindra Logistics, Paytm, and Titan, which offered prominent roles in various sectors.
IIM Shillong has a smaller batch size compared to NMIMS Mumbai and MDI Gurgaon. MDI Gurgaon and NMIMS have stronger industry and alumni connections compared to IIM Shillong, and they also benefit from their location. IIM Shillong has a strong brand value, but other than that, MDI Gurgaon is the best choice for MBA in HRM, followed by XLRI, IIM Ranchi, SCMHRD, and IMI Delhi.
MDI will be a better option for all specializations, except Operations. If you are interested in Operations, IIT Bombay is much better. MDI Gurgaon placements are excellent. Big names such as Bill & Melinda Gates Foundation, and BCG have visited the campus placements. The 2022 placement drive had an average CTC of INR 26.65 LPA.
MDI offers the best placement in the finance domain after IIM A, B, C, FMS, and XLRI. JP, HSBC, Nomura, Stanchart, etc. are some of the major recruiters from the finance sector.
MDI placement records for Marketing are good as well. HUL, Coke, Pepsi, and P&G are some significant recruiters from the marketing sector.
In 2021, due to the pandemic situation, IIM Shillong conducted interviews online. The case-based GD round was scrapped. So, the IIM Shillong PI weightage for the 2021 selection was 70 percent. The remaining 30 percent was given to the CAT score.
The interview panel included two professors for most cases. Students were first asked questions based on their interests and background. There were a few questions based on their field of graduation. There were a few general questions like ‘Why MBA?’, AND ‘Why IIM Shillong?’ as well.
If you are a fresher, make sure that you are well-versed in the subjects covered in your graduation stream. Stay updated with the current affairs. Read up on IIM Shillong. You will definitely get questions from these topics, during your interview.
IITs are known for having smaller batch sizes. However, the finance placements at IIT Delhi may be subdued due to the institute's focus on operations and technology. It is worth noting that both IIT Delhi and IIM Shillong have competitive placements and have not yet grown their batches to the point where this becomes a concern. IIM Shillong has strong finance placements, including ICICI Bank, which is a well-regarded employer for MBA graduates.
It is difficult to compare the two institutes as they both have their own strengths and advantages. IIT Delhi has a long history and its DMS programs are well-established in the industry. If a student is considering IIT Delhi and has concerns about the college's focus on investment banking, it is important to note that this career path is not heavily dependent on starting placements and individuals can be self-reliant in building their careers. IIT Delhi is likely to continue growing and expanding in the future, and IIM Shillong is well-positioned among the newer IIMs in RRRTUCS. It will also continue to build its research and faculty strength, particularly after it gets a new campus.
Location is a factor to consider when choosing between the two institutes. IIT Delhi is located in urban New Delhi, which may be an advantage for some students. However, it is worth noting that the lack of investment in MBA programs at IITs, including Delhi, could become a problem in the long term as the field requires significant expenses in faculty, coursework, and programs to remain competitive. Currently, IIT Delhi is ahead of the newer IIMs, particularly if a student is interested in a consulting placement straight out of school.
To compare two business schools objectively, it is important to consider more than just the numbers in placement reports. In addition to looking at the average CTC, it is also helpful to consider the median salary to get a better understanding of the context. It is possible that the average CTC may be significantly influenced by international offers or a small percentage of the batch securing high-paying jobs. When comparing the maximum and average packages offered, it is important to keep in mind that institutes often include international offers in these calculations.
In addition to the number of roles offered, it is important to consider the quality of the recruiters and brands. It may be helpful to look at the LinkedIn profiles of alumni to get a better understanding of the roles and companies that have been recruited from the school. It is also important to note that the same companies may be listed in the placement reports of different schools, but that does not necessarily mean that the roles and packages offered are the same.
Finally, it is important to remember that a business school education is about more than just placements, and what a student makes of their MBA experience is also important.