Here are my ratings for the IIMs
The above rankings have been done on the basis of age, placements, and research. I don’t think these factors are enough to rank IIMs.
Another major parameter of comparison is the duration of the establishment.
Most of the FT rankings and online rankings are based on this parameter. In reality, every IIM has top-notch faculty, infrastructure and placements m. Yet the new IIMs will take some time to reach the top.
Depending on the candidate's profile, an IIM callback minimum percentile may apply. In addition to CAT exam results, a number of other factors, including academic standing, work history, professional certifications, gender diversity, and others, are taken into consideration during the top IIMs' admissions process. Each IIM has a different approach to how much importance it places on prior academic performance. IIM Indore, for instance, places a lot of emphasis on performance in the 10th and 12th grades.
Three steps make up the IIMK admissions process:
People who consistently perform well in school are known to receive rewards from IIM Indore (especially in 10th and 12th). There are three stages to the IIM Indore admissions process:
This is a general overview of the IIM Indore and Kozhikode admissions process.
The answer to your question is objectively based solely on your inclinations. IITs might offer a better ROI than IIMs. But had I been in your place I would have gone for the newer IIMs like Kozhikode or IIM Ranchi which is one of the fastest-growing IIMs. The reasons for taking this decision would have been
All these points make IIM a more tempting choice. Yet if you are tight on budget and just want to go for the Operations domain IIT will do fine for you.
The first-generation IIMs clearly have many advantages over the second and third-generation IIMs. Some major differences include
The CAT cutoff for admission to IIM Indore, IIM Lucknow, and IIM Kozhikode for the General Category has been tabulated below
Institute |
CAT Cutoff |
IIM Indore |
90 |
IIM Lucknow |
90 |
IIM Kozhikode |
85 |
Not every IIM discloses the placement statistics to the public. But we can definitely say that IIM Ahmedabad has the best placement statistics.
Institute |
Median Salary |
IIM Ahmedabad |
INR 31.49 LPA |
IIM Bangalore |
INR 31.20 LPA |
IIM Kolkata |
INR 31 LPA |
IIM Lucknow |
INR 29 LPA |
IIM Indore |
INR 24.09 LPA |
IIM Kozhikode |
INR 26.5 LPA |
The table above has tabulated the median CTCs of the institutes you asked for.
My answer is from the perspective of an FPM aspirant. To draw a fair comparison I have considered the following parameters
Hostel:
The hostel facility at IIM Kozhikode is not very good. The first-year students have no married accommodation while the second or third-year students have very limited married accommodation. Sometimes the FPM students are adjusted with PGP students which is very disturbing.
IIM Lucknow has 2 spectate buildings for FPM students. Also, married accommodations are available from the 1 st year itself.
Food:
There is no active mess committee to pay heed to the complaints regarding substandard food. The menu is usually North Indian and is rarely followed properly. Limited South Indian food is available. Options outside the mess are also limited and not as per the taste of many.
IIM Lucknow has an active mess committee that takes care of the food and cleanliness of the mess. The menu has a variety of options and is changed every month to break the monotony. Famous for its food, there are many options to eat outside in Lucknow.
Academics:
The academics are very rigorous at IIM Kozhikode with tight schedules and deadlines. For FPM students, the minimum passing criteria are B- (2.67/4.33) which is 62% passing criteria. Whereas the minimum criteria to award a Ph.D. degree is at least one publication in “B” (ABDC) category journals.
IIM Lucknow has a relatively less rigorous curriculum than Kozhikode. The minimum passing criteria are 50%. Whereas the minimum criteria to award a Ph.D. degree is at least one publication in “C” (ABDC) category journals.
Apart from these major differences, the infrastructure, faculty, and college life are almost the same. So you can make a good choice now.
The Fellow Programme in Management (FPM) offered at IIM Kozhikode is a source of excellent management researchers and faculty resources that contribute largely to academic institutions, industry, business, government, and society. The most common job undertaken by its fellows is becoming a part of academic institutions as a faculty member.
Some of the most reputed National Institutes have hired the graduates of FPM. Some of them include
Other graduated fellows have also joined the reputed universities around the globe. Many work in Europe, North America, and the Middle East either as faculty members or as post-doctoral researchers. Some such Universities include
IIM Kozhikode does not prefer its graduates to work for the industry. They can contribute to it and occasionally work for it. But being employed by society is discouraged after this program.
Some FPM students who opted for non-academic jobs are now working in top positions at reputed firms. Some roles offered to them include
So the scope of this program is vast. You can never regret pursuing this program. You will excel in every field be it academics or non-academics.
My brother was confused about the same. He later decided to go for IIM Kozhikode. Some reasons that helped him take this decision are
Apart from these differences, both IIM Kozhikode and IIM Indore are similar with respect to their status, faculty experience, Alumni network, equality and diversity of students, and foreign exchange opportunities.