Yes, I think it’s a fairly good decision to take admission to IIM Jammu. This is because in the long run your IIM degree and tag will be very beneficial.

I know you might think that IIM Jammu is just a newly established institute and may not be worth leaving a job at Infosys. But if you look at the placement scenario here you can see how quickly it has come to establish itself in the IIM Race.

These figures certainly prove that IIM Jammu is climbing the ladder slowly and steadily.

Apart from placements, the following merits add to its worth 

• Many events are held by the students themselves like the HULT case competition.
• The climate is much similar to that of Delhi. If anything it is much cleaner and fresher here.
• The faculty is also top-notch
• The infrastructure is also pretty good

So IIM is itself a brand name. You will not regret choosing any IIM be it IIM Jammu or any other.

All the IITs and IIMs offer extensive financial support owing to their high fees. So financially weak need not worry about the fees part. That problem can be tackled through

• Student loans - This is the most commonly adopted method by the students of all IIMs. Education loans are offered at extremely low-interest rates. The banks trust the institute's reputation and the students' assurance of earning a lot after passing out from IIM.

• Merit-based-scholarships: These scholarships not only help tackle the financial burden but also instill healthy competition among students.

• Means-based-scholarships: Students who are in dire need of financial assistance can present income/asset proofs. Some of these scholarships may or may not require you to maintain a certain academic performance.

• Competitions: A lot of competitions at IIMs offer cash prizes.

These are in fact not the only ways to avail of financial assistance. There are many other ways so don’t let your financial situation come in the way of your opportunities and bright future.