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.
I think that Udaipur is one of the most underrated IIMs. To elaborate on this point let me enlighten you with some amazing facts about it
In reality IIM Udaipur is an IIM that has an extensive research culture. The rankings are a reflection of how quickly it has climbed the ladder. It is due to its high-quality research that many excellent permanent faculty has become a part of IIM Udaipur. This does not make it the best IIM but still, it is heading toward becoming the best.
Another major attraction of this institute is its impartial nature in every aspect be it placements or admissions. The students are not deceived at any point at all.
The placement statistics are seeing a gradual improvement over the past few years.
Particulars |
Placement Statistics |
Placement Percentage |
100% |
Batch size |
315 |
Number of Recruiters |
184 |
Highest CTC |
INR 35.96 LPA |
Average CTC |
INR 19.5 LPA |
Top Recruiters |
American Express, Asian Paints, PwC |
These figures are expected to rise in the coming years. All this makes IIM Udaipur a good choice.
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.
Sitting for CAT again is honestly not a very easy decision. So I will suggest you go for IIM Rohtak itself. This decision will be beneficial under the following circumstances
So based on these points you can come up with a decision that’s best for you. Just remember that despite being new, IIM Rohtak belongs to the IIM family which in itself is a brand.
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.
All the IIMs offer great educational loans so financial problems are not a major issue here. Many banks are lined up to offer loans at very low interest to the students at the time of admission. The ROI is also great compared to DBE. Apart from that the IIM tag will also open multiple opportunities for you. But if you are confused about the 3 IIMs, I will enlighten you about the culture of each. This might help you make a better decision.
IIM Udaipur: Academic rigor
IIM Raipur: Discipline
IIM Kashipur: Overall rigor
So make the choice based on your own preferences.
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).
The aspects of judging a college’s worth depend on the following factors
NMIMS renders you short-term advantages but IIMs offer many long term advantages. Even the faculty is better at IIMs than at NMIMS. But being a new institute, it lacks an alumni base. Any far-sighted person can definitely say that your IIM tag will help you in the long run.
Now based on your list, the order is
IIM Udaipur>IIM Ranchi>IIM Trichy>IIM Rohtak> IIM Raipur>IIM Kashipur
Yes, you do have a chance to convert calls from IIM Kashipur. However, I will suggest that you aim for at least 95 percentile.
The minimum marks required to be eligible for admission are known as cutoff marks. The table shows the cut-off for shortlisting candidates for WAT and PI rounds (NC-OBC) category
QA |
45 |
DILR |
45 |
VARC |
45 |
Overall |
74 |
Other parameters that determine your chances include work experience, profile, academic and work profile, WAT/PI and CAT score also. Their respective weightages are
Components |
Weightage |
CAT |
25 |
PI |
5 |
Class 10 |
5 |
Class 12 |
5 |
Graduation Marks |
5 |
Post-Graduation Marks |
5 |
Work Experience |
15 |
Academic Diversity |
6 |
Gender Diversity |
6 |
Before choosing a college, try to make sure what you are really interested in. If it is MS then don’t go for any IIM. This is because you can pursue an MBA later in life if MS did not work for you. But you will not get the chance to choose Ms after your MBA. Also since it’s your area of interest, chances are you might find your talents and may want to work on them.
Now if you are sure about the course but confused about the IIMs, I will give you my honest opinion. The new IIMs are enjoying fame and glory owing to the achievements of their predecessors alone. They haven’t done much to attain the level of older IIMs. These new IIMs are poorly organized. The faculty is below average, the infrastructure is substandard and the teaching is pathetic. Yet they are here to claim the coveted IIM tag.
So if you are someone for whom the tag of IIM and its high placement matters only, you can surely go for a new IIM. But if you value education over institutions then base your decision on research.