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Which is better: IIM Vizag, IIM Nagpur, or NMIMS Mumbai?
My friend was in a similar dilemma a few years ago. She had offers from NMIMS, SIBM and IIM Nagpur. She wasn’t sure if choosing a new IIM over these B Schools would be a wise decision. Yet she chose Nagpur in the end. Some major reasons that led her to choose it were
-
- Campus: IIM Nagpur and Vizag both have their own residential campus and amazing hostel facilities. It helps you make new friends and spend time in extracurricular activities and group discussions once your classes are over NMIMS on the other hand lacks hostel facilities
- Location: Nagpur and Vizag both have a location advantage over other new IIMs in the sense that they have airport facilities promoting connectivity.NMIMS enjoys the best location and many top firms visit the campus because of it. But in reality, it is only the ones with the best profiles that get good roles; others are offered average packages only.
- ROI: NMIMS does not offer a good ROU because of its high living expenses. Nagpur leads in this aspect because of minimal living expenses, lower fees than other IIMs, and similar packages.
- Placements: NMIMS has developed a strong alumni base and therefore attracts many top firms. But like I mentioned above, 80% of the batch is offered average roles. It’s only the ones with spectacular profiles that get the best roles. IIMs have a balanced placement scenario in contrast.
- Brand Value: Despite the unending debate, one cannot deny the brand value of the IIM tag. There are certain HRs from top organizations who still prefer IIM students over other top B Schools. This is the sole reason why the new IIMs give an edge to B Schools like IMT, SIBM Pune, etc.
Based on the above parameters you have to make a decision according to your preferences. My friend was glad she chose IIM Nagpur and it helped her uplift her career through various opportunities.
Is it worth to join in IIM Nagpur? How far it is comparable with old IIMs? How about ROI there
Let’s compare IIM Nagpur with the older IIMs generally. IIM Nagpur lacks in the following aspects
- Permanent Campus
- Permanent faculty
- Good number and standard of peers
But what’s amazing is that these shortcomings don’t bring down their worth even a bit. It has more merits than demerits. Some include
- IIM Ahmedabad’s mentorship brings in the best faculties and helps maintain a learning environment.
- Various industry interaction programs are held to inculcate management skills and live experiences
- It enjoys a good location advantage as it attracts companies from around the country
- The Foreign Exchange Program provides excellent exposure to the international corporate world
- Lower fees compared to other IIMs
- The hostel and infrastructure facility are at par with that of other IIMs.
Coming to the ROI, IIM Nagpur definitely excels at this one. This is because its fees are lower than other IIMs while the packages offered are almost similar. At the end of the day what matters is that despite being a new IIM it has grown leaps and bounds and it is expected to do more in the future.
Which is better XIMB HR or IIM Nagpur?
One of my friends pursued BTech from a renowned IIT and even had work experience when he got an offer from IIM Nagpur. He wasn’t sure if joining it would be worth it but a few months into the college made him realize that it was one of the best decisions of his life. He claimed that the following points convinced him to join IIM Nagpur
- The IIM Ahmedabad mentorship
- The IIM tag
- The pedagogy is top-notch coming from the best professors of IIM Ahmedabad
- You get to spend one trimester in IIM Ahmedabad which itself is a lifetime experience
- The student exchange programs allow you to study at a foreign university for 3 months
I have seen many people forgoing offers from XIMB-BM, IIM Kashipur, IIM Indore- Mumbai campus VGSOM and all the newest IIMs to join IIM Nagpur. Its fast-paced growth and promising placement opportunities are the main reasons for the same. So I think IIM Nagpur is way better than XIMB.
What is the concept of the wait list going on in IIM? How many wait lists did IIM Nagpur release?
The waitlist movement at IIM Nagpur is a pretty simple process. Let’s understand the entire process through steps.
- Firstly the waitlist students are divided into 3 groups namely Waitlist 1, Waitlist 2 and Waitlist 3.
- The above categories are made on the basis of the composite score in descending order
- Whenever a student does not accept the order or withdraws admission, his seat is offered to the person with the highest composite score in Waitlist 1 category.
- This process continues till the entire Waitlist 1 group has been offered a seat.
- The other two Waitlist groups are also exhausted in similar ways only if there are vacancies.
The ones who had laid Waitlist money get the amount refunded in case they are not offered a seat.
How is life after completing an MBA from IIM Nagpur?
Once you end your college life, life is not the same anymore. You end up missing every moment spent whether enjoying or studying for your exams. Once you step into the real world you realize it’s now that the real-life issues begin. I have listed some good and bad things you will experience as an IIM pass out
Good things
- Your living standards will have been improved because of the high package you received
- You will have a new circle of friends
- Many aspirants will look to you for inspiration.
Bad things
- As an IIM pass-out, you will have to live up to its name and brand. People will expect you to excel in whatever you do.
- You will be mistaken as arrogant because of your IIM tag
- High tax payments have to be made
- You have to repay the educational loans you have taken and sometimes it takes years to do so
Apart from these situations, you might face serious criticism if you give up your job and initiate entrepreneurship.
Which one is better, IIM Visakhapatnam or Nagpur?
IIM Visakhapatnam is not better than IIM Nagpur yet it is at a level with it. There are many reasons why people choose it over Nagpur.
- It is the best among the newest IIMs. IIM Visakhapatnam’s spectacular growth and placement statistics are a testament to that fact.
- The horse-shoe-shaped classrooms are the highlight of its infrastructure. There are 2 whiteboards with projectors each. The new IIMs still lack this facility
- The hostel facilities are also very clean and hygienic with a variety of cuisine offered at the mess.
- The location in itself is a USP of the college. The serene surroundings with spectacular views and fresh air attract many nature lovers.
So if your expectations are low regarding placements and facilities, IIM Visakhapatnam is the best new IIM you can go for.
How is life at IIM Nagpur?
One experiences a roller coaster of life at IIM Nagpur. Its location is one of the major reasons people choose it over other IIMs
Faculty: The faculty here is learned and has great industrial experience. It comprises mostly Ph.D. holders who just don’t teach you Management but also inculcate leadership, ethics, and human values.
Hostels: The hostels of IIM Nagpur have excellent rooms which is one of the major reasons IIM is doing so well.
Batch: The small batch installs a family-like feeling among the peers who look after and learn from each other. The crowd comprises people from different academic backgrounds, cultures, and work experiences. You will make some amazing friends for life.
So life at IIM Nagpur is very smooth yet fun.
Is IIM Nagpur good?
Nagpur is one of the most popular new IIMs that has been in the limelight for its world-class infrastructure and facilities.
Placements: The institute enjoys 100% placement opportunities and is visited by many top firms like Landmark Group, ITC, Pidilite, EY, Amazon, Cognizant, and Goldman Sachs.
|
Particulars |
IIM Nagpur Placements |
|
Number of Students |
250 |
|
Number of Recruiters Participated |
73 |
|
Number of New Recruiters |
43 |
|
Highest CTC |
INR 55.22 LPA |
|
Average CTC |
INR 23.10 LPA |
|
Median CTC |
INR 22.28 LPA |
|
Major Sectors |
IT and Analytics |
Faculties:
The faculty is top-notch, comprising Ph.D. holders and professors with impeccable industry experience. Their classes are something one should not miss if one wants to remain among the top students.
Crowd: People from various walks of life, profession, and age come under one roof and this in itself is a thrilling and engaging experience. Such good exposure opens your mind to the possibilities and opportunities that exist in reality. You end up making bonds for the rest of your life.
Opportunities: IIM Nagpur offers a plethora of opportunities to its students. The Field Immersion Programme (FIP) is one of the major highlights. Live projects are also conducted within India and abroad. The International Immersion Programme (IIP) which allows students to travel to five foreign locations.
IIM Nagpur in itself is an entity thought to be newly established. It’s not justified to compare it with the older IIMs.
How was your interview experience at IIM Nagpur?
My friend recently flunked her interview as she did not prepare for the questions related to her undergraduate degree. They asked her to start with a basic introduction after which they asked her about the subjects of her undergraduate program. Because she had not prepared well for this part, her hesitation took the better of her. They probed her with questions like
Did you study Financial Subjects or about to study?
- What is the Current ratio?
- What is Net worth?
- What is the Income of the Company?
- What is Return on Sales?
- Unearned income and where it comes from?
- What should I ask you?
- What's the idea if you want to do entrepreneurship?
- What is a Dividend?
What worsened her situation was the questions asked by the second panel. She asked her some mathematical questions which became the reason for her doom.
The conclusion from the interview is that as a fresher you should definitely go through your graduation subjects as most of the questions will be asked from that only. Remember they will question your ability to answer the questions confidently most importantly.
Is it worth joining IIM Nagpur or should I wait a year?
Joining IIM Nagpur is a decision worth taking. It has a good reputation, especially among the new IIMs. One of my cousins with a work experience of 3 years, joined IIM Nagpur and is glad he took the decision. He considered the following parameters to take this decision
- Placements: The institute enjoys a 100% placement percentage The highest CTC shot up by 72.56% to INR 55.22 LPA whereas the average CTC increased by 20.50% which stood at INR 23.10 LPA. In addition, the average CTC for the top 50% batch climbed by 16.08% to INR 26.95 LPA.
- Crowd: The institute welcomes a mixed crowd with a variety of academic, geographical, and work experience profiles. The individuals here are serious about their MBA who want to leave an impact in the corporate world.
- Courses: IIM Nagpur provides both Foundation courses in the first year and a blend of your choice of electives in the second year. This enables you to specialize in more than one domain thereby broadening your career opportunities
- Faculty: The faculty is well known for their industry experience themselves are IIM alumni.
- Culture: IIM Nagpur has a dynamic culture owing to its clubs and activities. There are both academic and non-academic clubs that make learning fun and practical. Various corporate-level competitions are won by these students. The sports culture is also very dominant here with the non-academic clubs managing the mess, the infrastructure, and the events.
So yes IIM Nagpur is worth risking your career for.
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