I think Great Lakes is a better option than IIM Amritsar. The following points support my opinion
Although my opinion is strongly against IIM Amritsar, it’s only because it’s a new IIM. Any older IIM is a better choice than IIT. MBA is all about investment and ROI which is great in the case of older IIMs. I have still seen many people choose Amritsar over IIT just because of the IIM tag. So do what your heart says.
My cousin recently got into IIM Amritsar with a profile of 8/7/7. She did not let her low grades discourage her and she strived hard to get a great CAT score. Don’t let your past affect your future prospects. Put your 100% effort and you will definitely get what you deserve. As far as her graduation score is concerned, not many scored above 8 GPA. So her 7 GPA wasn’t that bad. In class 12th also, most of the IIMs compare a score of 80 in the Assam board to an 80 in the Andhra board or CBSE. Engineers also face an academic diversity issue. So they need a higher percentile than other graduates. Nowadays IIMs are converting CAT percentiles to the percentage for the CAT weightage component. So, the gap between the 99 and 95 percentile stoops down to 2 points for 50 % CAT weightage. Had the CAT scores been taken, the gap would have been 10–12 points. Hence it makes candidates with low academic profiles difficult to get into IIM. Fortunately, my cousin was lucky enough to get admission as a GEM fresher with an average profile.
IIM Amritsar is a newly established IIM and is not yet in the league of the IIM family. Despite that, its placement statistics are better than at Nirma University. IIM Amritsar is the 15th Indian Institute of Management being set up by the Ministry of Human Resources Development with the support of the Government of Punjab. IIM Amritsar has a small batch size in comparison to Nirma University. The programs offered at both the B Schools are different.
The table below will help you differentiate between the two IIMs
Particulars |
IIM Vizag |
IIM Amritsar |
Fees |
INR 15,04,920 |
INR 12 Lakhs |
Cutoff |
80 |
92 |
Batch-size |
240 |
228 |
Average Salary |
INR 15.06 LPA |
INR 25.21 LPA |
Highest Salary |
INR 31.60 LPA |
INR 14.63 LPA |
Distance of nearest airport |
14 km |
14 km |
Top Recruiters |
Amazon, BYJU’s, Deloitte, HCL, HDFC Bank |
Accenture, Cognizant, Dell, Deloitte, Genpact |
Profile:
10th-95
12th-93
Graduate-82
CAT-98
Work Experience- 18 MONTHS in PCBL-RPSG Groups
GEM (Chemical Engineering)
There were 2 panelists a male and a female. They asked him to talk about himself and he gave a general introduction. They also asked him why he resigned from his job and what he did in the meantime. Once they were aware of his personal situation, they asked the following questions
They ended the interview by asking if he had any questions from them after which they asked him to leave.
IIM Trichy, Ranchi, Raipur, Udaipur, Kashipur, and Rohtak are way ahead of SIOM and SIBM-B. The average package at these new IIMs is greater than INR 11 LPA whereas the lowest packages at these institutes are around INR 6.5-7.5 LPA. You will be astonished to know that the lowest package at these IIMs is almost equal to the average package at SIOM and SIBM-B.
Moreover, IIMs is in itself a brand and therefore promises better growth. This is the reason that these new IIMs despite their early establishment are at par with SIBM-Pune and SCMHRD.
IIM Amritsar has a strong alumni network. Some of the famous alumni of IIM Amritsar include: