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Is IIM Trichy the best among new IIMs?
It would not be right to question the idea of ranking institutes based on metrics such as the highest CTC (cost to company) offered to graduates, or the perceived quality of the companies that hire graduates. It is not the institute itself that determines a person's success, but rather the individual's own actions and what they do with the education they receive. You also emphasize the importance of academic and personal discipline, which you believe are more valuable than material success.
People believe that everyone who studies at any IIM has the potential to be successful, but not necessarily in the sense of earning a high salary or getting a high-paying job. Instead, the true value of an institute lies in the knowledge and skills that a person gains, and how they use them to make a positive impact in the world. Ultimately, it is up to the individual to determine their own success and make the most of the opportunities they receive. You will have a positive experience studying at IIM Trichy, but it will not be fair or accurate to claim that it is the best new IIM.
How is life in IIM Trichy?
IIM Tiruchirappalli (IIM Trichy) is a prestigious business school in India known for its rigorous academic schedule and focus on all-around development of students. The day at IIM Trichy begins early in the morning and can stretch late into the night, a schedule that students refer to as "the marathon run." In addition to their academic coursework, students at IIM Trichy are expected to stay current with global events and are encouraged to participate in extracurricular activities and student committees. These activities, which range from sports and cultural events to academic clubs and committees, help students develop leadership skills, broaden their worldviews, and become active members of the IIM Trichy community. The institute also has a well-equipped library, known as the Learning Resource Centre (LRC), that offers access to a wide range of research resources and databases.
IIM Trichy also has state-of-the-art computer and printing facilities, as well as six student hostels that provide accommodation for men, women, and differently-abled students. Other facilities at IIM Trichy include a behavioural lab, sports facilities, and a cafeteria.
What is the placement scenario in IIM Trichy?
IIM Trichy has completed placements for its PGPM and PGPM-HR cohort of 2022, with the highest salary offered reaching INR 34 LPA and a median salary. A total of 110+ companies participated in the placement drive, making 228 offers to students across the batches. The following information is taken from the 2022 IIM Trichy placement report and includes key salary and recruitment statistics, as well as a list of prominent domain-specific recruiters.
|
Domain |
% of Placement Offers |
Highest Salary Package |
Average Salary Package |
Average of Top 50% |
|
Sales & Marketing |
19% |
Rs 34 LPA |
Rs 18 LPA |
Rs 21.45 LPA |
|
Consulting |
47% |
Rs 24.78 LPA |
Rs 16.62 LPA |
Rs 18.81 LPA |
|
Operations |
9% |
Rs 22 LPA |
Rs 16.72 LPA |
Rs 19.05 LPA |
|
IT & Analytics |
10% |
Rs 20.67 LPA |
Rs 16.31 LPA |
Rs 18.81 LPA |
|
Finance |
15% |
Rs 20 LPA |
Rs 17.67 LPA |
Rs 19.51 LPA |
Most of the offers received were in the fields of sales & marketing, finance, consulting, IT & analytics, operations, and HR.
What is better: PGPM at IIM Trichy or Great lakes Institute of Management, Chennai?
IIM Trichy may be a good choice if you value the brand value of IIMs. However, Great Lakes Institute of Management (GL) outperforms IIM Trichy in several areas:
- The average CTC at GL is INR 17.86 LPA, while at IIM Trichy it is INR 17.01 LPA. However, the one-year program at GL allows students to enter the job market faster, mitigating the difference in CTC. In addition, the batch size at GL is larger and the highest CTC offered is higher than that at IIM Trichy every year.
- GL has a higher quality faculty compared to IIM Trichy and can only be compared to the top 5 institutes in India in terms of faculty.
- GL has a larger alumni base.
- Some companies, such as TCS, offer higher tier profiles to students at GL compared to those at IIM Trichy. Both institutes have a focus on IT placements, making this comparison significant.
- GL is recognized by AMBA, one of the three largest business school accreditation organizations, and is also a GMAT preferred school.
- The quality of students at GL is on par with IIM Trichy. The average CAT/XAT score at GL is 94%ile, with a cut-off around 90. The average percentile is likely to be higher than IIM Trichy as the cut-offs for reserved categories at IIMs are lower.
There are numerous comparisons where GL outperforms IIM Trichy. However, other B-schools such as JBIMS, MDI Gurgaon, and IIFT Delhi may also be considered over new IIMs.
Which B School should I join amongst: IIM Udaipur, NMIMS or IIM Trichy?
Recommendations on joining an IIM:
For individuals who come from top tier engineering colleges (such as IITs or BITs) and have a salary of more than INR 10 lakh per year in the tech sector:
- It is not advisable to join any new IIMs unless you are looking to change your domain or are in a particularly difficult situation.
- Do not expect to gain a lot of knowledge or make friends with similar backgrounds at new IIMs, as the student body tends to have mediocre backgrounds and may not be well-informed about industry trends.
- Do not join a new IIM based on the media relations people who promote the institute on Quora, as they may not understand your level or expectations.
For individuals who are not from top colleges and have a salary of less than INR 5-6 lakh per year:
- It may be beneficial to join a new IIM, as it could potentially improve your situation.
- It is generally a good idea to join a new IIM without hesitation, as it may have a significant impact on your life.
For individuals who come from top tier engineering colleges and have made poor decisions in their lives:
- It may be worth considering attending a new IIM if you are willing to endure two years of academic study in order to improve your career prospects.
For entrepreneurs or aspiring entrepreneurs:
- Consider the return on investment before committing to a new IIM. It may not be worth incurring a debt of INR 16 lakh and spending two years with mediocre peers if it is not likely to lead to a good job and a successful career. It is important to carefully weigh the potential benefits and drawbacks before making a decision.
Is it okay to leave JBIMS for IIM Trichy as it has an IIM tag and the companies prefer IIMs more?
There are nine reasons for choosing JB over Trichy. Firstly, JBIMS has a stronger alumni base, with many successful CEO's having graduated from the institute. Secondly, JB has a better reputation in the industry. Thirdly, JB ranks in the top 10 colleges, while Trichy is far behind. Fourthly, the average salary offered at JB (INR 27.63 LPA) is higher than that offered at Trichy (INR 17.01 LPA). Fifthly, JB offers better roles and opportunities. Sixthly, the location of JB (Mumbai) is a major advantage over Trichy. Seventhly, the IIM tag carries more weight when one graduates from BLACKI compared to a newer institute like Trichy. Eighthly, the return on investment for JBIMS is higher than that for Trichy. Finally, the cutoff for general category applicants at JBIMS is 99.93%tile+ in the CET, while the cutoff for Trichy is 93%tile+ in the CAT.
This demonstrates the higher level of competition at JB compared to Trichy.
How was your IIM Trichy interview experience?
Here is the IIM Trichy interview experience of a candidate.
It was a cold morning in Bangalore. Finding Monarch Luxury was not difficult for someone who was familiar with the city. On the way, the candidate stopped at a nearby shop to buy the day's newspaper. Upon arriving at the venue on time, she was directed to the waiting hall where all the other candidates were already present. The candidate felt underdressed in their plain red kurta when they saw the other candidates dressed in business formals, complete with blazers.
Reminding herself that she was just one step away from the prestigious IIM tag, the candidate took a seat. The process soon began.
The topic for the WAT (Written Ability Test) was "Weddings and restaurants have different varieties of food and most of the time a large amount goes to waste. In a country like India, we cannot afford that. What are your thoughts about the same?" The candidate found that all of the large-scale topics they had prepared for this moment were useless, as this was not something they could have studied beforehand. They were simply asked to express their opinion on the given topic on an A4 sheet.
After their WAT, the candidate waited outside the PI (Personal Interview) room and tried to remember everything she had studied in the past few days. She read the newspaper and decided to go over the story of Great Britain and David Cameron in detail. She heard other candidates speaking to each other and sharing their experiences. They were asked questions about their favorite subject in their graduation course. The candidate began to panic, as she loved engineering mathematics but did not think she would be able to solve problems in front of the interviewers. She also did not want to mention coding as a favorite subject, even though she had a computer science engineering degree, because she was not proficient in it.
When her turn finally arrived, the candidate stepped into the PI room hoping they would not be asked about their graduation. The panel consisted of two men and a woman, all of whom welcomed the candidate with a smile and put them at ease. The interviewers asked the candidate about the meaning of their name, their work at IBM, and their reasons for leaving her job to pursue an MBA. The candidate was also asked about their reading habits, current events, and their career goals. The interview concluded with the interviewers thanking the candidate and wishing them luck.
How is IIM Trichy?
Despite being a relatively new IIM, IIM Trichy has already established itself as one of the best among the newer IIMs. It currently ranks 18th in terms of average salary, according to the placement report and NIRF ranking. The institute is known for its strong placements and high return on investment, particularly in its flagship PGPM program.
In terms of facilities, IIM Trichy boasts a large campus spread across 175 acres, including student hostels, faculty residences, a library, recreational facilities, and executive residences. The institute is particularly strong in finance, with a renowned faculty base and an association with the CFA.
It also maintains a strong sense of community through events such as the annual sports meet, "Sangaram," which includes IIM Trichy, Bangalore, Kozhikode, and Vizag. The academic rigor at IIM Trichy provides students with a challenging and pressure-filled business school experience. The institute's students have consistently performed well in major business competitions such as Mahindra War Room and CFA-RC, and its alumni are employed at high levels in multinational companies such as Citi bank, Google, JPMC, Mahindra, KPMG, Dabur, and more, located in locations around the world including London, Dubai, San Francisco, Singapore, and Houston.
IIM Trichy also emphasizes the importance of corporate social responsibility and includes such projects in the curriculum. Based on all of these factors, it is expected that IIM Trichy will become the best among the newer IIMs in the near future.
How were placements in IIM TRICHY for the current academic year?
The average salary offered to the graduating batch of 2022 at IIM Tiruchirappalli was INR 17.01 LPA. This year saw an increase in the salaries offered to students, with the highest salary reaching INR 34 LPA and the median salary. A total of 110+ companies participated in the placement drive, making 228 offers to students across all batches. There was a significant increase in consulting offers made to the PGPM batch, comprising 47% of the total offers. Other areas where offers were made included sales and marketing (19%), finance (15%), IT and analytics (10%), and operations (9%).
The campus saw the participation of regular recruiters such as ABFRL, Avalon Consulting, Bain & Company, BNY Mellon, Cognizant, Deloitte, GAIL, Godrej, HSBC, ICICI, Microsoft, NatWest, Optum, JP Morgan & Chase, Ultra tech, McKinsey & Co, Samsung, and TATA AIG. In addition, the campus also established new relationships with leading recruiters such as Accenture Strategy & Consulting, Adani Wilmar, Axis Bank, Capgemini, Chargebee, CRISIL, EXL Services, EY GDS, IBM, Infosys Consulting, Reliance Retail, and Wells Fargo.
Which one is better for an MBA consultancy with 6 years of IT experience: IIM Ranchi or IIM Trichy?
IIM Trichy is an institute that has demonstrated significant improvement in recent years and is focused on becoming one of the top 5 IIMs. It has a strong connection with industry, which is further strengthened by the presence of its Chennai Centre, which directly connects with industries across India. The institute also receives close mentorship from IIM Bangalore, allowing students to receive lectures from the best professors at both IIM Bangalore and IIM Calicut.
In terms of placements, IIM Trichy has consistently performed well. The MBA (PGPM) 2020-2022 batch achieved 100% placement, with a 15% increase in the average salary, which rose to INR 17.01 LPA from INR 14.85 LPA the previous year. The final placement report for 2022 showed that over 110 industry giants offered a variety of job roles in fields such as sales and marketing, finance, consulting, IT and analytics, operations, and HR. The highest package offered during this placement drive was INR 34 LPA.
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