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Which will be a better choice, IIM Nagpur or FMS in Delhi?
FMS in Delhi is unquestionably a better choice than IIM Nagpur.
FMS is compared to the older IIMs, specifically the top three. That's when there can a confusion as to which one to choose. IIM Nagpur, on the other hand, is a newer IIM, and despite the fact that it is an IIM, the very bright students would go there, and they will undoubtedly have a very good placement record, though we do not yet have enough data to validate this. And FMS is a well-known college, with statistics demonstrating its stellar campus placement record and exceptional alumni base.
In addition, the Return on Investment (ROI) for FMS is higher because their tuition is lower than that of IIMs.
Should I prefer IIM Nagpur over IIM Trichy, even I have taken admission in Trichy but I have chance to get 100% scholarship in IIM NAGPUR? What should I do?
In MBA, fees is the major concern, as the repayment of the loan taken for the courses is a tough task.
IIM Trichy is far superior to IIM Nagpur in terms of reputation and performance, and everyone will choose Trichy. However, if you are receiving a 100% scholarship, I recommend choosing Nagpur because you won't have to take out a loan to cover your tuition, which will be extremely advantageous for your future job.
You will have a better ROI if you choose college with 100 percent scholarships. Also, IIM Nagpur is the most developing IIM among the new generation IIMs.It has its own permanent campus and better placements records.
Is there a considerable amount of difference between a baby IIM and a top one, IIM Nagpur vs IIM Ahmedabad for instance? What would the differences be?
Every educational institute takes a good time to make its mark in the industry. No B School has been flourishing since day one. The old IIMs that are considered the topmost B Schools also have their own journey of growth and becoming what they are today. It is only through baby steps that they have improvised in various aspects like faculties
- placement
- alumni network
- curriculum
- online courses
- certification program
- premium batch
The older IIMs have evolved in these aspects gradually over the years and not right off the bat. The same is expected from the new IIMs. They are slowly making their mark and climbing the ladder but they have a long way to go. It might take them years to give an edge to any of the older IIMs. So I don’t think it’s justifiable to compare them to old IIMs.
Which B school should I choose between VGSoM IIT KGP and IIM Nagpur?
When considering graduate business programs, it is important to weigh the various factors that may influence your decision. IIT Kharagpur's Vinod Gupta School of Management (VGSoM) has a long legacy and robust alumni network, spanning over 25 years. In contrast, IIM Nagpur, a newer institution, has graduated only three batches so far. VGSoM also boasts a spacious campus of 2100 acres, while IIM Nagpur does not have its own campus.
While the fees for both programs are roughly the same, the average package at VGSoM is significantly higher at INR 19.36 LPA compared to INR 13.21 LPA at IIM Nagpur. However, IIM Nagpur does offer a unique opportunity for students to spend one trimester at IIM Ahmedabad and receive mentorship from the institution's faculty. Additionally, for some individuals, the IIM tag may hold additional prestige.
It's worth noting that the IIM tag is highly respected for older IIMs and certain regional campuses such as IIM Trichy, IIM Udaipur, and IIM Ranchi. However, for baby IIMs like IIM Nagpur, the tag may not hold as much weight when compared to an esteemed institution like VGSoM which holds the IIT tag and offers an MBA program that is semester based, while IIM Nagpur offers a trimester-based postgraduate program.
Is IIM Nagpur good for freshers or not since I have heard that the max batch is experienced (I converted)?
When considering which MBA program to attend, it is important to not rely solely on hearsay and to research different options thoroughly. While it is true that many students at IIM Nagpur have work experience, this is not the case for all students. If an individual is not comfortable working with students who have work experience, it is suggested to explore other options, or even wait a year and take the CAT 2021 exam in the hopes of securing a spot in an even better IIM.
It's important to note that as a fresher, there are some challenges that one may face when studying among a large number of work-experienced students. These challenges could include being perceived as less experienced, having ideas and answers dismissed, or being passed over for leadership roles in group projects. This is why, it's essential to evaluate one's own comfort level, strengths, and weaknesses and decide accordingly. Furthermore, it's not a one-size-fits-all solution and different individuals may have different reasons to prefer one institute over the other.
Are colleges like LBSIM/FORE better than? IIM Nagpur, Sambalpur, Sirmaur, and Jammu?
Top B Schools like LBSIM/FORE are incomparable to the new IIMs. They have been established for decades and the new IIMs cannot be included in them at least in the near future. Although some might say that some new IIMs are under the mentorship of old IIMs like Lucknow, they haven’t made the mark yet. Whereas the already leading B Schools LMSIM and FORE are on the verge of making it to the top. Even the IIM tag is of little value here.
Let me explain this through an example. You go to buy an electronic device and purchase a branded device. Yet the model is a very old one. It is of little value despite being branded. Same is the case here. The new IIMs do give you the IIM tag but it is of little worth.
Is IIM Nagpur good for giving placements in Nagpur?
IIM Nagpur is currently one of the fastest-growing institutes among the new IIMs and has been making significant efforts to increase its batch size, academic programs, and placement opportunities. This is evident in the strong placement statistics that the institute has been able to achieve. According to media reports, the 2021-23 batch of the flagship MBA program at IIM Nagpur successfully completed its placement drive, with the highest package offered to be INR 64 LPA, and the average and median packages standing at INR 16.74 LPA and INR 16.85 LPA, respectively.
Over 100 top companies participated in the placement drive, including well-known firms such as Microsoft, Adani, ICICI Bank, and Bank of America. Furthermore, the IT & Consulting sectors and the ITES & BFSI sectors emerged as the leading sectors for placements, accounting for over 70% of the total placements from the 2021-23 batch.
IIM Nagpur is also expanding its field immersion programs to various countries such as Japan, South Korea, France, and Dubai, in addition to its student exchange program. This can present better opportunities for students in multinational companies this year. For people considering an MBA program and looking for an institute, IIM Nagpur would be a great option for considering, especially for those who have job experience of over a year, as it provides a great opportunity for growth. It's not as good as the older IIMs (BLACKI IIMs) but could be a good next-best option.
Which college is better for an MBA (PGDM) in marketing among IMT Ghaziabad and baby IIMs (Nagpur, Visakhapatnam, Amritsar)?
It all depends on what you are looking for, your goals, and your preferences. IMT Ghaziabad (Estd. 1980) is an old legacy institute while the baby IIMs (Estd. 2015) (although it is offensive to call them that) are relatively new. Below is a table comparing their absolute numbers like Fees, Highest salary package, and the average salary package.
|
College |
Fees |
Highest CTC |
Average CTC |
|
IMT Ghaziabad |
INR 19.53 Lakhs |
INR 65.6 LPA |
INR 17.35 LPA |
|
IIM Nagpur |
INR 18 Lakhs |
INR 64 LPA |
INR 16.74 LPA |
|
IIM Amritsar |
INR 16 Lakhs |
INR 64 LPA |
INR 16.51 LPA |
|
IIM Visakhapatnam |
INR 17.04 Lakhs |
INR 32.65 LPA |
INR 16.61 LPA |
As you can see there is not much difference in the colleges in absolute numbers the only difference is the IIM tag.
Should IIMs opened in 2015 (Jammu Sirmaur Vizag Nagpur) be preferred over IMT Ghaziabad?
No, I don't think the new IIMs should be preferred over a well-established institute like IMT Ghaziabad. I have seen many instances wherein people forgo offers from new IIMs to join IMT Ghaziabad.
The IIM brand has failed to convince students to join the new IIMs for a diploma. A cursory glance at the low placement figures last year at some of the relatively newer IIMs (Raipur, Rohtak, Ranchi, Kashipur, and Udaipur) when compared to their older counterparts, too, tells its own story.
Another important issue for management aspirants is that even if they are okay with the lack of infrastructure, full-time faculty members, and alumni, they cannot ignore the delayed start to the sessions at the new IIMs. While faculty members think that this time gap in starting operations can be bridged easily, students feel that they might lose out on their summer internships.
I have converts from IIM Nagpur and IIM Vizag. Confused which one to pick. Which one is better for Operations?
When considering which of the newer Indian Institutes of Management (IIMs), also known as "baby IIMs", to attend, it can be difficult to determine which institute may be better suited for a particular field of study or specialization, as these institutions have only recently been established and have not yet had the opportunity to distinguish themselves in any specific area.
One way to gain insight into the placement opportunities available at these institutions is to review the reports on their summer placement drives, as these reports can provide information on the types of companies and industries that recruit students from the campus.
According to the latest placement report obtained in January 2022, IIM Nagpur has successfully completed the summer placements for the 2022 batch of MBA students. The report indicates that the highest stipend increased by 44%, and the average stipend increased by 12.5%. Prominent companies such as United Breweries, L&T Infotech, Dalmia Bharat, Doha Bank, YourStory, Nivia Sports, and Future Generali participated in the summer placements drive.
Similarly, IIM Vizag also released the final report of its 2021-23 summer internship placement drive. According to the report, the highest stipend stood at INR 3.5 Lakhs per month, and the average stipend stood at INR 57 K per month. Prominent recruiters that participated in the drive include Microsoft, KPMG, YES Bank, ICICI Bank, Bosch, D.E. Shaw, Cognizant, ThermoFisher, ICICI Lombard, Mahindra Logistics, Latent View Analytics, Dalmia Bharat, TVS Credit, ArcelorMittal Nippon Steel, HPCL, HSL, and NSDC.
Therefore, reviewing the reports of the placement drives is one of the best ways to gain insight into the types of companies and industries that recruit from these institutions, which may help in determining which campus would be a good fit for a student's career aspirations.
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