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Is it worth it to go into 6 new IIMs (Ranchi, Rohtak, Raipur, Udaipur, Trichy & Kashipur) rather than going for an MS?
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.
What is an average salary of IIM Kashipur?
IIM Kashipur has concluded the Final Placement for batch 2023. IIM Kashipur has consistently achieved a 100% placement rate. IIM Kashipur Highest Package was recorded at INR 37 LPA while IIM Kashipur Average Package stood at INR 18.1 LPA.
| Particulars | Placement Statistics (2023) |
|---|---|
| Number of Recruiters | 187 |
| Number of Offers | 340 |
| Number of Students | 319 |
| Highest Package (International) | $ 39,240 |
| Highest Package (Domestic) | INR 37 LPA |
| Average Package | INR 18.1 LPA |
| Median Package | INR 17.2 LPA |
| Top 10% Average Salary | INR 28.5 LPA |
| Top 20% Average Salary | INR 25.9 LPA |
| Top 30% Average Salary | INR 24.5 LPA |
| Top Recruiters | Amazon, Axis Bank, Capgemini, Cognizant, ICICI Bank, Gartner, E&Y |
A total of 340 offers were made by 187 top recruiters during the Placement Drive of IIM Kashipur. The Highest Number of Offers came from the BFSI sector (122) followed by Consulting (68). Brane Enterprises, Gartner, IDBI Bank, Invesco, MTR, NatWest Group, Nomura, Orient Electric, Paramount, Porter, SBI Capital, Tata Advanced Systems, Tata Motors, Tata Trent, Tech Mahindra and Times Pro were some of the first-time Recruiters.
Why is IIM Kashipur the least preferred IIM among the new ones?
Honestly, I wouldn’t call IIM Kashipur the least preferred but the most underrated IIM. It’s at par with all the IIMs with respect to placements, infrastructure, faculty, student-teacher ratio, and rigor. Yet it’s highly underestimated owing to its single disadvantage of location.
IIMs welcome students from all over India. But the students from South or North-East India find it rather difficult to first travel to Delhi and then travel by Road or Rail to Kashipur. They prefer their comfort over anything.
The other reason is that most IIMs have been able to establish a uniqueness about themselves. IIM Kashipur lacks in this aspect. IIM Rohtak is the oldest and closest to NCR, IIM Udaipur attracts students based on MHRD ratings, IIM Trichy made itself known as a CFA Recognised Institute under the Institute University Recognition Programme and IIM Ranchi has the best placement opportunities. IIM Kashipur has failed to market itself on a particular aspect and thus is underestimated.
I have converted to IIM Kashipur but already paid 1 term fee at IIM Sambalpur (no refund). What should I do?
When considering whether or not to pay around 170K for the first term at IIM Sambalpur, it is important to consider the potential financial loss and weigh it against the potential benefits.
In terms of placements, it is true that IIM Kashipur may have an upper edge, however, it is important to note that this difference will likely only make a significant impact on the top 10% of the batch. For the majority of students, the placements at both IIM Sambalpur and IIM Kashipur will likely be similar. Additionally, when considering future entitlements, it is important to remember that both IIM Kashipur and IIM Sambalpur are relatively new institutes, so the location may not hold as much value in the long term as building a strong personal profile.
It is ultimately up to you to decide whether or not you are willing to potentially lose the money, and if so, to not stress about it too much. On the other hand, if you are not willing to potentially lose the money, it is also important not to regret the decision in the long run.
I have converted to IIM Kashipur but already paid 1 term fee at IIM Sambalpur, with no refund. What should I do?
Go for it if you can afford to lose the money. If not, don't be disappointed. Just consider placements for the evaluation, as the location and life are both beautiful. Placements at IIM Kashipur have an obvious advantage, but only for the top 10% of the batch will it make a significant difference. Otherwise, you'll do well at both locations.
Furthermore, if you're looking for future entitlement, it makes little difference. IIM Kashipur is the newest, and IIM Sambalpur is the youngest. If you build a strong profile for yourself, the location between these two IIMs will not hold much value in the future. As a result, if you can afford to lose the money, do so without hesitation. If you can't afford to lose that money, forget it and you will have no regrets.
How good is IIM Kashipur?
Honestly, IIM Kashipur does not do justice to the other IIMs in its worth. Under the pretext of being an IIM it has gained little fame but the reality is far from different. My cousin got an offer from IIM Kashipur but decided against joining it. The reasons that led him to make this decision are
- Location: IIM Kashipur experiences some major location disadvantages. Neither is it connected to central India nor does it offer a diversity of locations.
- Low ROI: After spending a massive amount of IIM Kashipur ( INR 1730000), everyone wants a high-paying job. But the entry-level offers available at IIM Kozhikode were below average.
- Weak alumni base: The alumni base at IIM Kashipur is rather weak as compared to other IIMs.
- Less number of reputed companies come for placements: The biggest brands either don’t come to the campus of IIM Kashipur or offer limited roles only.
So if the placement numbers attract you here, you are more than welcome. But remember IIM Kashipur is not at par with other IIMs.
Which is better: IIM Trichy or IIM Kashipur?
IIM Trichy is a better option compared to IIM Kashipur. It ranks higher than IIM Kashipur and has a better placement record. According to the NIRF 2022 ranking, IIM Trichy ranks among the top 20 B-Schools in the country.
The institute wrapped its 2022 placement drive with an average CTC of INR 17.01 LPA. The highest CTC offered this year was INR 34 LPA. Recruiters like Capgemini, Samsung, Accenture, JP Morgan, etc. were among the top recruiters that took part in IIM Trichy placements 2022.
Will it be an absolutely horrible decision to choose IIM Kashipur over NMIMS Mumbai just for the IIM tag?
Rather than judging your decision, I will list down some merits of both colleges and leave the rest for you to choose from.
Reasons why one should choose IIM Kashipur over NMIMS:
- Smaller Batch-size: IIM Kashipur has a relatively smaller batch size than NMIMS. This means the placement opportunities will be better and attention given to each student will be more.
- Lower fees: Mumbai fees are around 21 lakhs for two years. Also, it does not include the accommodation and food expenses that a person will have in the two years. The minimum expenses in a city like Mumbai will stand at 20000. The total fee is much higher than IIM Kashipur ( INR 1730000).
- Specializes in Operations: The leading domain of IIM Kashipur is operations whereas NMIMS has limited scope for the same.
Reasons why one should join NMIMS:
- Better opportunities in terms of companies, packages, and roles than any other new IIM
- Better location than the new IIMs
- Strong alumni base
So if you are confident that you can remain among the top 200 go for NMIMS, else IIM Kashipur it is.
What are the realistic chances of converting IIM Ranchi, Trichy, Raipur, Udaipur, Kashipur calls for an NC-OBC engineer male at an 80.2 percentile?
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 |
How are the hostel facilities at IIM Kashipur?
At IIM Kashipur, over 600 students can stay in the hostel, which has 6 people sharing 6 different rooms on each floor of a block with an attached bathroom and access to hot water around the clock. Every floor has a shared dorm. A washing machine, refrigerator, microwave, table, and six chairs are all included in the dorm. Additionally, the entire hostel has a radiant cooling system that uses less energy than an air conditioner to keep the rooms at a consistent temperature.
Every day, devoted cleaning and maintenance staff clean the rooms. The hostel facilities are overseen by an infrastructure committee made up of 14–16 students, who look into any problems and quickly find solutions.
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