I have converted both FMS and IIM Lucknow. My ACADS are below average and I have 3 years of work experience in IT. Which is better for me?

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Omkar Thakur Posted On - Feb 2, 2021
PGDM from Indian Institute of Management Lucknow (2020)

IIM Lucknow and FMS both the institute are both reputed B-Schools of India. Discussed below are some factors which may help you compare the two institutes. 

Batch size:

FMS has a smaller batch. If your academic profile is not good it is reasonable to join an institute with a smaller batch.

Return on Investment: 

FMS has a lower fee range. But the overall cost of living in a flat if you are not allotted the limited hostel seats offsets the often quoted ROI advantage that FMS is said to have over IIM Lucknow. But in the matter, you can stay in the DU hostel, the ROI difference is not that much between IIM L and FMS.

The IIM Brand: 

Being one of the older IIMs, second only to the holy trinity A, B, C, IIM L’s brand value is more significant and definitely stands the test of time. While FMS is a GREAT institute, the IIM tag has a global reputation. 

Campus Experience: 

The chance to live in a full-fledged campus at IIM Lucknow, as half the batch lives in the DU hostel and the other half in flats has an edge over the campus experience for FMS. Reviews from students indicate that IIM Lucknow is the more charming campus to spend time at, both in terms of enjoyment and peer learning. 

Placements: 

It depends on your choice of specialization. 

  • FMS is great for marketing. Being in NCR several big FMCG come to FMS for recruitment. FMS has various choices of roles on offer. 
  • On the other hand, IIM Lucknow has better consulting placements owing to the consulting companies inclined towards favoring the IIM brand. 
  • For finance, both the colleges are on the same level. IIM L has a slight advantage but it is balanced by the huge batch size.

The table shows a brief overview of the institutions.

Particulars

FMS Delhi

IIM Lucknow

Median Salary

Rs. 25.6 Lakh

Rs. 20 Lakh

Highest Salary

Rs. 58.6 Lakh

Rs. 54 Lakh

Entrance Criteria

CAT

CAT/XAT/GMAT

Fees

Rs. 1.92 Lakh

Rs. 19.25 Lakh

Hence, although the fears are well-founded, IIM Lucknow will be the potential choice over FMS.

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