All the 3 baby IIMs namely IIM Udaipur, Ranchi, and Trichy are the top 3 among the new IIMs, so if you choose one over the other, it usually is a matter of personal preference. As far as I know, Udaipur fares better in terms of international rankings like QS, FT, and also NIRF in research, etc. This speaks highly of the future potential the institute has. In terms of placements, IIM Ranchi is a better choice. Here is a table with a comparative analysis of the 2 institutes.
Particulars |
IIM Ranchi |
IIM Udaipur |
Fees |
?8.95 Lakhs (1st Year Fees) |
10,00,000/Yr |
Ranking |
15 out of 125 NIRF |
22 out of 125 NIRF |
Highest CTC |
INR 65 LPA |
INR 36 LPA |
Average CTC |
- |
INR 20.3 LPA |
Top Recruiters |
Capgemini, Dell, Infosys, Asian Paints, Dell |
Goldman Sachs, HSBC, Accenture |
Overall, the final decision is yours to make based on personal inclinations and priorities.
In most ways, IIM Udaipur and IIM Kashipur are similar. In terms of infrastructure, Kashipur had the first permanent building. But now Udaipur has as well. In terms of faculty, there isn't much of a difference; both are world-class in this regard.
Now comes the most crucial fact placement. Both are nearly identical in this case. Placement in the BFSI sector is the same in both. Kashipur is only four hours from Delhi and is located in a better industrial hub, so opportunities in sales and marketing are better. However, placement in the IT, consulting, and analytic sectors is better in Udaipur.
It is true that, at the moment, IIM Kozhikode is regarded as being a more powerful institution than IIM Udaipur. This is most likely due to the fact that IIM Kozhikode has been in operation for a longer period of time and has had more time to build its reputation and resources. However, it is important to note that this comparison is not entirely fair because IIM Udaipur is a relatively new institution with less time to develop than IIM Kozhikode.
In the long run, things could change and IIM Udaipur could eventually compete with IIM Kozhikode on a level playing field. This would almost certainly necessitate IIM Udaipur continuing to invest in its resources and reputation, while also ensuring that IIM Kozhikode does not continue to outpace it. Furthermore, it would necessitate IIM Kozhikode to slip from its position of relative strength, which is not guaranteed.
It is important to note that when comparing institutions, it is important to consider more than just their reputation or past performance. Other factors to consider include location, campus culture, industry connections, and the quality of faculty and students. Finally, it is up to each student to determine which institution is the best fit for them.
MDI Gurgaon is the better option among the two because of its location, placements, and even for the competitions and live projects that it offers.
Category |
IIM UDAIPUR |
MDI GURGAON |
Ranking |
#17 by NIRF |
#10 by NIRF |
Total Fee |
15.5 lakhs |
23.58 lakhs |
Companies Visited |
Accenture, Casio, Hindustan Unilever, etc. |
Airtel, Cipla, ITC, etc. |
Highest Package |
27.5 lakhs |
40.79 lakhs |
Some more reasons are listed below:
The main question that arises is “When is this going to happen?”. Therefore, it is important to understand that IIM Udaipur has not yet achieved the mark to be compared with colleges like MDI, Gurgaon.
It all depends on you – if you want to invest in the long shot and be recognized as one of those students who were a part of the early alumni or you would want to invest in an already established institution and make the most of your course.
By NIRF ranking 2020, IIM Udaipur is ranked #17th amongst institutes in India, while SCMHRD is ranked 4th in state wise and city wise in 2020 by the Indian Institutional Ranking Framework.
Admission:
Admissions at IIM are based on GMAT, GRE, GATE, CAT entrance exams whereas at SCMHRD it is based on the SNAP entrance exam at the Symbiosis International University.
Placements:
IIM Udaipur:
The institute offers 100% placements to its students.
For the final placements 2020, overall 81 firms recruited from IIM Udaipur with the highest salary of INR 40 LPA being offered and an average salary of INR 23.08 LPA.
The highest number of roles was offered to Sales and Marketing and BDM students.
Top recruiters visiting the campus include Aditya Birla, GoldmanSachs, TATA, Accenture, ICICI Bank, etc.
SCMHRD:
90+ recruiters visited the SCMHRD campus with more than 180 students being placed and with the highest international package offered of INR 58 LPA.
The highest domestic CTC offered was INR 32.8 LPA and an average CTC of INR 16.1 LPA was offered.
PPO was offered to 38.3% of the students.
The top recruiters of the institute include Deloitte, Cognizant, Amazon, Vodafone, Kotak Life, Google, IBM, Cipla, Godrej, and many more.
Facilities:
IIM Udaipur:
Highly equipped classrooms with high-end systems, projectors, and video-conferencing facilities, IT resources, a library with a rich collection of books, e-books, e-journals, CDs/DVDs, and case studies are the facilities offered.
SCMHRD:
Facilities offered at the institute include a health center with specialized doctors, a yoga center, gymnasium, hostels, a library with a huge collection of more than 2000 audio and video files, 24000 books, and periodicals.
Scholarships:
IIM Udaipur:
The institute offers financial aid to deserving students. Some of the scholarships offered are as follows.
Central Sector Scholarship Scheme for students of Scheduled Castes and Scheduled Tribe.
Merit-cum means based scholarship for students that belong to the minority community.
Scheme of Scholarship for students with disabilities.
Mukhya Mantri Sarvajan Uchcha Shiksha Scheme for students from Rajasthan.
SCMHRD:
Scholarships are offered only to students of MBA who top the first semester. A total of 50% tuition fee waiver is covered by the scholarship.
IIM Udaipur is counted amongst the best prestigious B-schools of the country with state-of-the-art facilities in the campus and highly experienced and trained faculties whereas SCMHRD is one of the top 20 business schools in the country and 3rd best for HR and also is a preferred location for companies and has a controlled batch-size.
Both VGSoM (IIT Kharagpur) and IIM Udaipur are highly reputable institutions with strong reputations in their respective fields. However, VGSOM is known for its strong focus on technology and engineering and lacks an environment conducive to Management studies. IIM Udaipur on the other hand is known for its business and management programs. The IIM tag is a strong advantage for IIM Udaipur, and an MBA in marketing from an IIM is highly valued in the job market.
Moreover, IIM Udaipur ranked 81 in the Financial Times Global rankings and should be preferred over IIT Kharagpur in my opinion. The branch value of the MBA program plays a major role in shaping your career so make sure you choose it after deep research and analysis. IIT Kharagpur is an excellent brand for B.Tech, but not so much for MBA. In fact, the whole ambiance is different.
Ultimately, the decision on which college to join will depend on your interests, goals, and career aspirations. It is important to do your own research and consult with professionals in both fields to make an informed decision.
In the long run, it can be argued that the Indian Institutes of Management (IIMs) may offer better opportunities for learning and growth compared to the Symbiosis Institute of Business Management (SIBM). While an opportunity to learn from any IIM is certainly wonderful, it is worth noting that the IIMs are known for their rigorous academic programs and may push students very hard.
In terms of specific areas of study, IIM Trichy may have a stronger focus on finance compared to IIM Udaipur, but in other specializations, the two institutes may be relatively similar. However, IIM Udaipur may offer more support for entrepreneurs and may provide easier access to international exposure. Ultimately, the decision of which institute to attend should be based on an individual's priorities and goals.
All the IIMs offer great educational loans so financial problems are not a major issue here. Many banks are lined up to offer loans at very low interest to the students at the time of admission. The ROI is also great compared to DBE. Apart from that the IIM tag will also open multiple opportunities for you. But if you are confused about the 3 IIMs, I will enlighten you about the culture of each. This might help you make a better decision.
IIM Udaipur: Academic rigor
IIM Raipur: Discipline
IIM Kashipur: Overall rigor
So make the choice based on your own preferences.
The current leading USP of IIM Udaipur is its highly enriched research culture which has made it among the top IIMs in this aspect specifically. The NIRF rankings also speak of its rising status over the last few years. Some highlights of the FPM program from IIM Udaipur are
Some world-class faculties from IIM Ahmedabad and IIM Calcutta visit the campus of IIM Udaipur to spread their knowledge and sophistication to FPM students. This is done through coaching programs and workshops where you can identify your inclinations and talents.
The faculty of the FPM department is dynamic and capable of a concerted arrangement required to produce research through its students and themselves.
Research is something that requires your efforts at a personal level. So joining a 2-year Research program will be beneficial to you only. You can also switch to better research programs or even redo your Ph.D.
To initiate a career in research, one needs serious personal commitment, else there are many instances wherein people have failed to make a career in research. The newer IIMs offer little scope in this aspect and Udaipur is an exception. So don’t lose this opportunity and go for it without much thought.