IIM Trichy and IIM Rohtak are superior to Udaipur and Raipur.

Because of their location, the former two IIMs have an advantage over the latter two. One is close to a prestigious engineering college, while the other is a short distance from the capital.

In the 2020 National Institutional Ranking Framework (NIRF) management school ranking, IIM Trichy was ranked 15th. Goldman Sachs offers INR 21-23 LPA; JP Morgan offers INR 21 LPA; Axis Bank offers INR 18-20 LPA, and ICICI Bank offers INR 20-22 LPA.

IIM Rohtak is also a good option for a Finance MBA. It has a favorable environment for Finance specialization. The institute has a strong faculty. The student population is competitive. You will be in classes with gifted students. The peer group is also quite diverse. There are people from various academic and cultural backgrounds present.

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.

I will give you an insight into both the options you mentioned, i.eMBA from IIM or Bootcamp. 

Bootcamp: If you are very passionate about Data Analytics then Bootcamp is the best option for you. I deem this course better than an MBA from B School as a B School covers various arenas of Management while Bootcamp solely focuses on what you are looking for. Moreover, you will end up paying hefty fees and will have to pay loans for years. It provided a detailed approach to Data Analytics and you don’t have to study irrelevant topics

B School: B schools like the new IIMs are good for people who are not certain of their career interests. In that case, B-school would teach you much more than Data Analytics, and then you can pursue the field you excel in or are most passionate about. The excellent pedagogy of IIMs enables you to inculcate skills like handling a project, building a workforce, execution, etc. Basically, you are groomed on an overall basis and get industry exposure as well.

I have seen many people pursuing MBA and also online courses that offer Certification in Data Analytics specifically. So that is also a viable option for you.

MDI Gurgaon does, however, provide the best opportunity of the three. Because IIM A serves as its mentor, IIM Udaipur benefits from excellent pedagogy.

An IIM designation is a tasty differentiator, but most corporations do not differentiate in MBA programs except ABC.

MDI provides the best placements of the three. And, as an MBA graduate, you're all about the numbers. No college can guarantee you the job you want. However, at MDI, you will have plenty of opportunities in the field of your choice. You'll also benefit from good industry relationships built over years of goodwill. Even during downturns, some companies attend MDI on a regular basis. New IIMs have several years to build self-sustaining industry goodwill. Placements are thus unpredictable.

Nonetheless, if the IIM designation is a general requirement. The location is the new IIMs. However, you must work equally hard because that title alone does not guarantee a successful career.

IIM Udaipur boasts of an enriched research culture. So I think one should prefer IIM Udaipur over IIM Raipur. Yet if you want me to draw a slight comparison between the two the table below will help.

The decision of choosing a college should be taken at an individual level. You can seek advice from others but not ask them to decide for you. Try to analyze what exactly you want from your MBA program. What is it you are seeking and how to achieve it? Once you are sure about that, college does not matter much. 

Honesty both the IIMs you mentioned give an edge to each other. Still if I would have to choose one, I would go for IIM Udaipur because of its recent success stories. IIM Udaipur has seen a rise in international rankings like QS and FT. Earlier these rankings included only the top IIMs A, B and C. IIM Udaipur has proven its worth by appearing on such international rankings. It is also the youngest B-school in the “world” to be featured in the FT MiM Rankings.

IIM Udaipur is heaven for a research enthusiast. Its premium research culture is the reason for its recent rise in rankings. As far as placement is concerned, both the colleges have similar statistics. The table below has drawn a comparison between the two.