Admission to IIMU is a three-step selection process. Firstly, interested candidates are required to appear for CAT Examination. The qualified candidates have to further take part in CAP consisting of Personal Appearance process (PI)
The Final merit list is prepared by providing due weightage to the following components:
CAT: 60%
PI: 15%
Profile: 25%
The profile comprises
Academic profile
The weightage of the above components is
Marks Range |
Class 10th |
Class 12th |
UG Degree |
<= 60 |
0.2 |
0.2 |
0.4 |
84.01 to 88 |
1.6 |
1.6 |
3.2 |
88.01 to 92 |
1.8 |
1.8 |
3.6 |
92.01 >= |
2.0 |
2.0 |
4.0 |
Work Experience
Work Experience |
Weightage |
1 to 6 |
0 |
7 to 12 |
1.5 |
13-18 |
3 |
19-24 |
5 |
25-30 |
7 |
21-36 |
9 |
Gender Diversity
Male: 0
Female: 5
Comparing the above data with your profile derive the following conclusions
But I believe your work experience and excellent CAT score can compensate for your low UG marks. So ace in the PA process and you are good to go.
Your gender and category play a very insignificant role in determining your chances of getting admission. As a girl you will be given 5 marks extra owing to gender diversity. And your Category will require you percentile lesser than the general category. But these factors are not the major parameters for selecting candidates. The major criterias include your past academic records and work experience. The weightages allotted to these components can be checked from the official website.
Considering your profile here is my opinion regarding the percentile required to guarantee your admission.
Please note that this is guaranteed only if you clear category specific cut-offs.
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 Trichy, Ranchi, Raipur, Udaipur, Kashipur, and Rohtak are way ahead of SIOM and SIBM-B. The average package at these new IIMs is greater than INR 11 LPA whereas the lowest packages at these institutes are around INR 6.5-7.5 LPA. You will be astonished to know that the lowest package at these IIMs is almost equal to the average package at SIOM and SIBM-B.
Moreover, IIMs is in itself a brand and therefore promises better growth. This is the reason that these new IIMs despite their early establishment are at par with SIBM-Pune and SCMHRD.
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).
XIMB is better than IIM Udaipur. It is an old B-School with years of legacy. XIMB has a strong brand presence in the industry. All major MNCs visit the campus placement and offers tier-1 job profiles. More than 355 recruiters visited XIMB placements in 2022. The average CTC offered this year was INR 17.54 LPA. The highest CTC offered this year was INR 32.21 LPA.
XIMB is a better choice in terms of academics, placements, and exposure.
One of my friends faced a similar problem while choosing among all of the second-generation IIMs - Trichy, Kashipur, Udaipur, Ranchi, Rohtak, and Raipur. Let me share his experience which might give you a basic idea.
IIM Trichy and IIM Udaipur were his final two options. The following are the reasons why he chose IIM Trichy:
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.