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How many marks are needed for admission into IIM Ahmedabad?
IIM Ahmedabad puts a lot of weight on past academics. You need to have a consistently good academic record in order to get a shortlist. Students with diverse backgrounds and 90+ percentile from 10th onwards have a good chance of getting a shortlist, even if their CAT score is comparably lower. Students from non-engineering backgrounds have a good chance of getting into IIM Ahmedabad with a lower CAT percentile.
Is the academic rigor at XLRI comparable to IIM-A?
I have a few friends at both XLRI and IIM A and based on the interaction I had with them, I will say that rigor is similar to a greater extent. It is more of a choice - you can choose to let loose or work hard. You can choose to study 3, 4, or 5 hours additionally to have a strong foundation over a topic or simply not.
Academic Rigor - Ranking (XLRI>IIM A):
If we judge these institutes based on the data collected by the Govt. of India, then XLRI coursework is more rigorous as compared to IIM A.
In ranking, Graduation Outcome (GO) is the determining factor of teaching and learning ability of the students, graduation average, success of securing good placements, going for higher education. It is measured based on various parameters such as placement average, Median CTC, percentage of students going for higher education, etc.
There’s a sub-parameter called GPH, i.e. combined matric for placements and higher studies under GO. It shows the academic rigor of an institute. According to the recent statistics, the scores are as follows.
- IIM A scores 38.46 out of 40
- XLRI scores 39.81 out of 40
However, rigor is dependent on an individual's decisions and perspectives hence it tends to vary significantly from student to student.
Why is IIM Calcutta not so talked-about as IIMA or IIMB?
I think IIM Calcutta is not as recognized or talked about as IIMA or IIMB because it did not gain fame from Bollywood. Bollywood movies have been shot at IIMA and IIMB. So they are more talked about than IIMC. It has nothing to do with its own facilities. That being said, some amazing features of IIM Calcutta are
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Top notch alumni base
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Beautiful campus: The campus of IIM Bangalore is not an average one. Its beautiful infrastructure and location give it a surreal ambiance.
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Amazing Placements: IIM Calcutta is the best for finance placements. Reputed banks like Merrill, Credit Suisse, JP Morgan and Chase, Goldman Sachs prefer students of IIM Calcutta over IIMA and IIMB. For consulting IIM Calcutta has all the top 4 Mckinsey, Bain, BCG and AT Kearney.
So nothing about IIM Calcutta is less than other IIMs. It just lacks the general fame, not the works.
Which are the top 5 highest paying companies at IIM Ahmedabad?
The top-paying companies, generally belonging amongst the regular recruiters, are the multinational banks, usually offering job roles like investment banking (IB). Alongside that, the roles in Financial Marketing (FM), also pay well, considering the base destination is overseas. Now, this is in terms of direct conversion and not PPP.
There are several of these firms which are as follows:
- Goldman Sachs (mostly both IB and FM), Morgan Stanley (IB), J.P. Morgan (IB), Credit Suisse (mostly IB), BAML (IB and FM), and UBS (FM and Equity research) are to name a few handfuls among a slightly huge list.
- HSBC and Nomura commonly offer high-paying posts as well, given that they usually operate from overseas.
In addition to the aforementioned companies, there are various other recruiters, mostly scattered in the private equity arena (and a few handfuls in venture capital) who often choose to recruit rather sporadically and are common and pay well. Carlyle, Blackstone, Apollo are to name a few of them.
Nonetheless, the recruiters of the companies listed above usually pay typically anywhere between 35 to 60 LPA as the base salary. Astonishingly, the bonus is often over and above this amount.
What is the lowest undergraduation percentage to get into IIM Ahmedabad or old the IIM?
I know someone who got admission at IIM Ahmedabad and here is his profile.
- Work experience- None (0 years)
- High school percentage- 91.45%
- Intermediate percentage- 76.33%
- Undergraduate percentage- 67.21%
- CAT score: 98.85 percentile
However, I will advise you to not concentrate on these trivial facts. Prepare well and give your best in CAT.
If you manage to score a percentile of 99, then you can confidently anticipate a phone call from any old IIM. After that, it comes down to the way you present yourself in the GD PI round. That would eventually be your real test.
What is so special about IIM Calcutta? It is one of the oldest IIMs in the country, but what makes it stand out from other institutes in imparting management education?Why would someone join IIM C?
Surely IIM Calcutta is the oldest and yet stands out the most from other IIMs. But trust me it has nothing to do with its campus, alumni, education, placement, extracurriculars or any other features. All the IIMs are equally good in all these aspects.
What makes IIM Calcutta different from them?
In reality, IIM Ahmedabad and IIM Bangalore welcome students only who have been toppers throughout their life. Their academic reports are flawless. Be it their 10th or 12th or Undergraduate. They have never seen failure in their lives.
But in the case of IIM Calcutta, it has both genius students with flawless reports and people who have great CAT scores but below average undergrad or 10th and 12th scores. IIM Calcutta welcomes a mixed crowd and this is what sets it apart from other IIMs.
At IIM Calcutta, you will find peers who have failed or been to the lowest level once. But they have climbed the ladder of success with determination. Studying alongside people with such qualities makes education much more than just learning your subjects. You grow as a person. You don’t find people here, you find profiles. A manager needs to have these qualities in order to excel.
All the IIMs are great but it’s only IIM Calcutta that welcomes a mixed crowd.
Which are the MBA courses offered by IIM Ahmedabad?
IIM Ahmedabad is an autonomous institute that is meant to provide a post-graduate diploma in management. There are multiple short-term and long-term courses offered by IIM Ahmedabad, some of which are as follows.
Postgraduate Program in Management (PGP):
This is the flagship course of IIM Ahmedabad and is a full-time two-year residential program. This is considered to be one of the toughest courses to get admission in. The admission happens through the CAT score for Indian applicants and GMAT for NRI and other countries’ applicants.
Fellow Program in Management (FPM):
FPM is a doctoral degree program in management. This course looks for students with excellent academic records, intellectual curiosity and sincerity, and some worthy scholarly contributions to the institute. Similar to PGP, the admissions in this course are done via CAT and GMAT as well.
Postgraduate program in Food & Agribusiness Management (PGP-FABM):
This course aims to transform young professionals and interested candidates into managers for allied sectors such as rural issues, food, and agriculture to name a few.
Postgraduate Program in Management for executives (PGPX):
This is a one-year course for professionals and executives.
Faculty Development Program (FDP):
It is a residential four-month program designed to develop faculty of management and training. There is no entrance exam but the relevant work experience is considered.
Armed Forces Program (AFM):
AFM is a six-month-long course specially designed to teach the officers of the armed force the contemporary Global Management Practices through management practice through case-studies, business presentation, classroom teaching.
ePost Graduate Program (ePGP):
It is a two-year postgraduate diploma program for working professionals and entrepreneurs, offered in collaboration with Hughes Global Education.
Hope this gives you an idea about the courses offered at IIM Ahmedabad.
Did anyone convert IIM Ahmedabad and not join?
IIM Ahmedabad is definitely one of the best institutes for studies. But it’s not the only one with excellent opportunities. Many other colleges offer better opportunities and a wide range of career options than IIM Ahmedabad.
Many people get selected in IIM Ahmedabad but do not join it. This is because their career goals do not restrict them to IIM Ahmedabad only. One such example is Sudhakar Gupta from NSIT who scored a 100 percentile in 2014. He got selected in all the IIMs but instead chose to pursue a Masters Degree from Cornell University.
At the IIMs, while the career opportunities are excellent, they are more or less streamlined and restrictive in the initial period. So people with broad prospects tend to suffer here.
It depends on your long term career goals and your own conveniences at the end.
Whether 78% is mandatory in Engineering to get a call from IIM Ahmedabad?
Yes, there have been mentions of having at least 78% in Engineering for general candidates for admission at IIM Ahmedabad. They may have created the shortlist based on these criteria. The thing is that most of the IIMs want to improve their diversity in the batches as the majority of the students who apply and eventually convert to IIM Ahmedabad are engineering graduates.
So they keep such informal cutoffs to increase diversity. But unfortunately, due to such criteria, many bright students are kept out of the process. Many universities also have toppers who have scored just 65%. But to keep in mind, it is not a mandatory criterion.
Are the salary packages for IIMs higher than those from JBIMS?
IIMs can be broadly categorized into two categories; the first comprising IIM ABC and the second comprising IIM KIL. The total fees will be around 16-18 Lakhs or a few lakhs more for these IIMs. As far as the average package is concerned for IIM ABC, it is around 19-20 Lakhs while for IIM KIL it is merely 2 lakhs less. The highest CTC is around 60-70 (International) for these IIMs.
Coming to JBIMS, we get to witness a much higher ROI. This is because the average package is almost similar to these IIMs while the fees are much less. Also, it is a Mecca for Finance enthusiasts. JBIMS has many notable alumni that carry its brand name proudly. Some of them include
- Vinita Bali, Managing Director of Britannia
- Chanda Kochhar, Managing Director & CEO, ICICI Bank, India
- Nitin Paranjpe, CEO and Managing Director, Hindustan Unilever Ltd
- Ajay Piramal, chairman of Piramal Healthcare
So yes, the salary packages of certain IIMs might be slightly higher than that of JBIMS but considering the ROI factor that slightly differs doesn't really matter.
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