A person joining TCS after completing an MBA from the new IIMs with a prior work experience of more than 2 years will earn around 8 - 10 LPA. The consulting roles usually offer a salary package of around 8 LPA at TCS to a B School graduate. But your prior experience and performance with TCS might also affect your package with an increase of up to 10 LPA (maximum).
Without much thought, I will always choose IIM Udaipur over Irma. This is a viable option even if you are interested in Rural Management. In fact IIM Udaipur will offer you much more. You can choose from a plethora of industry functions. Rather than restricting your preferences, IIM Udaipur will enable you to broaden your career interests.
One of my friends is an IRMA pass-out. After interacting with her I realized that the students or the B School in general have a very shortsighted approach. It was after this that I was certain of IIM Udaipur’s credibility.
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.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
Comparing the new IIMs with the IIM ABC is rather ridiculous and not justified. Considering factors like infrastructure, faculty, and alumni base, the top IIMs are way ahead of the new ones. Even if the new IIMs tackle the infrastructure and faculty issue they can never match the extraordinarily strong alumni base of the older IIMs. The IIMs A, B, and C have given birth to many geniuses that have contributed largely to Indian society in various fields like arts, literature, sports, etc. They have even made impressions globally.
No matter how fast the new IIMs climb up the ladder and excel, they will never be able to match the alumni base and worth of older IIMs.
It is difficult to provide a definitive ranking of business schools as the best choice will depend on your individual priorities and goals. To determine which among IIM Udaipur, Trichy, Ranchi, and Raipur is the best fit for you, it is important to consider factors such as the curriculum and placement opportunities in your desired field, the focus on research, the availability of Students Exchange Programs and other opportunities for exposure, and the overall perception of the school.
If you have a specific field or area of focus in mind, you should look for a B-school that offers a strong curriculum and good placement prospects in that area. If you are interested in gaining hands-on research experience, you should consider schools that have a strong orientation toward research. If you are looking for opportunities to gain exposure and experience through programs like student exchange, you should consider schools with a strong track record in this area.
If you do not have a specific priority and are unable to identify a clear difference between the opportunities offered by different B-schools, you may want to consider their perception. While this can be difficult to quantify, their overall perception can impact the quality of your peers and the overall learning environment. To judge the perception of a B-school, you should do your own research and consider factors such as the reputation of the school, the accomplishments of its faculty and alumni, and the resources and support available to students. Ultimately, the best choice for you will depend on your personal goals and priorities.
Firstly let me clarify something. The 3-year work experience is not a suitable deciding factor for choosing a college. You should decide on a college on the basis of these parameters
Now I will further compare the pros and cons of NMIMS and newer IIMs
Pros
NMIMS
New IIMs
Cons
NMIMS
New IIMs
Now it’s your job to analyze which pros are more important for you to avail and which cons can be a major hindrance in your 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.
Particulars |
IIM Udaipur |
IIM Raipur |
Rankings |
22 |
14 |
Highest CTC |
INR 35.96 LPA |
INR 35.96 LPA |
Average CTC |
INR 19.27 LPA |
INR 10.5 LPA |
IIM Udaipur is the dream college for every fitness freak. Unlike any new IIM, it is decked with world-class fitness equipment. If this wasn’t enough, IIM Udaipur is planning to upgrade the gym facilities even further. Some facilities include
Such elite facilities help the students stay fit amidst the tight deadlines and hectic schedules.
My choice will forever be IIM Udaipur solely because of the IIM tag. I know people will criticize me for this mindset but one cannot ignore the IIM brand name. Moreover IIT is a top technical institute but it’s a fact that its Management Department is not at par with the top B Schools.
Overall I feel curriculum-wise IIM has more to offer than an IIT simple because of the fact that it specializes in the field.