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My heart says FMS Delhi. My brain says IIM Calcutta. Where should I go?
You should make an informed and logical decision rather than being irrational and believing that your heart says something different than your mind.
Getting to FMS vs. IIMC. Both are excellent business schools that have been in operation for many years. However, there is a reason why IIM ABC is mentioned in the same breath as the top three business schools in the country. Every ranking dating back decades has confirmed this. Every Indian is aware of it. FMS, while a good B School, is not compared to IIM ABC because they are superior in every way to any other B School.
When people say that the IIM tag is important, they are correct; however, how much it matters and for which IIMs is a different stories. Even the big four - PwC, Deloitte, KPMG, and E&Y - do not rank IIM ABC and IIM LKI equally. There is a distinct distinction. The rest of the time, you can deduce how much IIM ABC command the tag value over every other IIM. When compared to colleges that are not in the top 15, the tag matters for other IIMs. So, yes, the tag is important, but it is especially important for IIM ABC, which places a high value on the tag. This label is permanent for ABC graduates, but this cannot be said for other IIM graduates.
There are no parallels between IIM Calcutta and FMC Delhi. IIM C is far superior to and ahead of FMS. FMS is simply ranked lower than IIM ABC. You should think about it and make the right decision.
Can IIM Calcutta PGP students get a job at multinational banks like Citi and HSBC in the US from placements?
Multinational banks, private equity firms, and investment banks used to pay a visit to IIMs to directly recruit candidates for the US. It no longer happens. These MNCs have been extremely cautious since the 2008 crisis and the 9/11 incident. They rarely hire IIM graduates for these positions unless they are exceptionally talented or have a particularly unique skill set.
However, these companies do regularly recruit for roles in India and pay very well. The figures aren't huge, but they're adequate. IIMC is known as the "Mecca" of finance for good reason. It is the best place to be if you want to work in finance.
If you perform exceptionally well, you have a good chance of being transferred abroad after a few years of significant experience. At the moment, the only international placements available are to Dubai, Singapore, Malaysia, and, at most, Europe (though this is relatively uncommon). Your chances of going abroad increase as your performance in the company and the impact you make in your role improve. So hone your skills and concentrate on working hard in your company. You will be given the chance you deserve.
What are the packages after doing an executive MBA from IIM Calcutta in India and abroad as well?
IIM (Indian Institute of Management) is one of the country's top business schools. To graduate from the IIMs is a goal shared by many students. IIM offers Executive MBA Programs in addition to its well-known Post Graduate Diploma in Management Program. Professionals with a minimum of five years of work experience are typically eligible for these executive MBA programs. Apart from the Executive MBA Program, there are many specialized Executive Programs available today, such as Digital Vidya's Executive Program in Digital Marketing in collaboration with Deakin University. Freshmen, consultants, marketing specialists, and people switching careers can all apply for this program. Nowadays, people are more interested in Digital Marketing specialized programs rather than generic MBA programs.
With a top salary of INR 89.25 lakh and an average salary of INR 23.67 lakh, it projected a positive placement season for its eleventh batch. A batch of 68 students received a total of 61 offers, 61 candidates accepted the offers, 5 students returned to their previous employers, and 2 students opted out of the placement program. IT services firms led the charge with 29 offers, followed by consulting firms with 8 and e-commerce firms with 6. Consulting, banking/finance, manufacturing, and real estate were some of the other industries with a lot of hiring going on. There were 78 companies in total that participated in the campus placement process, and major employers included Accenture, Amazon, PwC, Virtusa Polaris, EClerx, Flipkart, and Cognizant.
The best part is that by the end of the program, you will have three months of the internship experience. Consequently, there were 7 months of learning and 3 months of implementation. The curriculum offers a good balance of academic knowledge and real-world application.
How do students at IIM Bangalore, IIM Ahmedabad and IIM Calcutta choose their elective courses? Is there any system?
For elective course selection, IIMs usually have a course bidding system. Every student receives 1000 points and has to choose 6 courses. The institutes organize a bidding day. At the scheduled time, everyone needs to login into the system and starts bidding. Each course takes a maximum of around 75 students. On average 200-300 students bid on popular courses such as Finance, Marketing, Strategy, etc. It isn’t wise to use all the bid points on one/two courses. As there are many options to choose from, students usually get a course of their preference.
Why is it said that IIM Calcutta gives a second chance to the students whose academics are not good to shine again in life?
According to popular perception, IIM Calcutta places a high value on CAT scores, so you can overcome your previous academic failures and gain admission to a tier 1 MBA college by working hard on the CAT.
The reality, however, is quite different. People who have done well in CAT are generally people who have done well in academics in the past, i.e. 10th and 12th grades. This is because the basics are retested in CAT if you put in the effort back then. So the only thing you can get away with in IIM C is your graduation score. However, some top companies use this to shortlist candidates for summer placements.
Is it worth joining IIM Calcutta for a person with average/below average profile?
First let's sink in the fact that anyone who gets a call from IIM Calcutta is anything but average or below average. The fact that you got selected is enough to claim that you are not below average.
But if you still consider your profile inferior to others then you need to put in extra efforts within the institution. Honestly even the above average students have to put tremendous effort inside any IIM. Look at the bright side. You, being a below average student, just need to put in more effort than an average student to get at a level equivalent to that of an above average candidate.
So yes, it is worth joining IIM Calcutta with whatever profile you have.
Is it absolutely necessary to wear a suit for an MBA interview? I received an interview call from IIM calcutta for PGPEX. I want to know if it is ok not to wear a suit.
As far as the dress code is concerned, there are no strict restrictions. Many wear suits while others wear anything formal. You can even go with a formal shirt with formal pants. Honestly wearing a suit in such heat conditions is not exactly a good decision.
Another option is you can wear a suit after reaching the campus. There are stalls offering discounted suits to interview candidates.
Are the IIMs at Ahmedabad Bangalore and Calcutta equally good, especially regarding placements?
Each of these IIMs has developed its unique personality over the years, and each one has its own strengths and weaknesses.
IIMB intakes people with good and relevant work experience, IIMA seeks a good academic record and a bit of humbleness in a candidate, and IIMC looks for strong analytical skills (it has the highest CAT cutoffs).
During placements, companies that want experienced professionals prefer IIMB, IIMA is visited by companies because of its strong alumni list, and IIMC is preferred by the Banking Sector because of the perception that its students are more quantitatively oriented.
The three of them receive almost the same companies during placements. So for a candidate seeking good career opportunities in a certain field, all three IIMs are equally good. It is just that each one has a certain image associated with its brand, and ranks accordingly in the preference lists of recruiters.
I have done part time MBA from IIM Lucknow (WMP), Is it okay to apply for PGPX courses at IIM A/B/C?
No, I wouldn’t recommend you apply for a PGPX course at IIM A B or C if you have completed a part-time MBA from IIM Lucknow. The reason is the huge overlap of electives in almost all the programs offered at IIMs. Leaving a few courses most of which are repeated in all the programs be it part-time or full-time.
Towards the end of the course, you might end up spending a hefty fee and lots of time and yet not learning anything new. If anything you might just get placed at a better firm. But that too will be useless if you are unable to harness the acquired knowledge and skills in the open market. The question is if your job will be worth your year lost, your lost opportunities, and 25-30 lakhs of loan.
Still, if you want to pursue the course go for a top MBA course abroad. That might make a difference in your resume and job prospects.
How much percentage is required in 10th and 12th to get a call from IIM Calcutta easily apart from scoring well in graduation and 100 % in CAT exam?
The points for marks scored in class 10 and 12 are tabulated below
|
Marks in % |
points for class 10 |
points for class 12 |
|
≥80 |
10 |
15 |
|
≥ 75 and < 80 |
8 |
12 |
|
≥ 70 and < 75 |
6 |
9 |
|
≥ 65 and < 70 |
4 |
6 |
|
≥ 60 and < 65 |
2 |
3 |
|
< 60 |
0 |
0 |
The weights assigned to different parameters are 56 to CAT score, 10 to class 10 marks, 15 to class 12 marks. So you will need to score at least 80+ marks in class 10 and 12 to get into IIM Calcutta.
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