If you have other options like older IIMs or private B Schools such as MDI or SP Jain, I would recommend you to go for them instead of DoMS, IIT Madras. I am not saying MBA from DoMS is a bad idea, it’s just that B Schools are best for MBA.
MBA program offered at DoMS IIT Madras has the following pros and cons
Pros
Cons
Overall, DoMS offers the best experience and the MBA is a good choice considering the ROI, campus life, and exposure provided by IIT Madras.
As far as I got to know from my friend studying there, DOMS IIT Madras is a good institute. Also, DOMS IIT Madras is certainly better than the new IIMs. There are some reasons behind it, which I am going to share with you.
He shared one experience about an IIM Bangalore guy who was given a project to collate existing data from all the possible data streams in the function and generate a report out of it. But he was too lazy to work upon it and was not given any offer.
And after this one case, IBM finance never went to IIM Bangalore for internships ever since.
My personal experience is that IIT Madras is in fact comparable to IIM Indore and Kochi if not better; surely much better than new IIMs.
According to me, IIT Madras is a better choice for an MBA in marketing as compared to IIM Udaipur.
IIT Madras has been delivering MBA studies since 2001, and DoMS was finally established in 2004. On the other hand, IIM Visakhapatnam belongs to the new generation of IIMs, and it was established in 2015.
This in itself gives IIT Madras a huge benefit against IIM Visakhapatnam in terms of alumni network, industry connection, and legacy.
There are several factors on which DoMS, IIT Madras, and IIM Visakhapatnam can be compared. Some of these are-
Parameters | DoMS, IITM | IIM Visakhapatnam |
---|---|---|
NIRF 2023 Management Ranking | 15 | 29 |
MBA/PGP Placement 2024 | Highest CTC: INR 29.65 LPA Average CTC: INR16.93 LPA |
Average CTC: INR 15.61 LPA |
Top Recruiters | P&G, McKinsey, Accenture, Cisco, Standard Chartered, and Dell, among others. | ABsyz Inc, Accenture, Adani Wilmar, Akzonobel, Amara Raja, Anand Rathi, Arthmate, Asian Paints, AU Small Finance Bank, Axis Bank, Bajaj Finserv, Bharti Airtel, Cognizant, Crisil, Decimal Point, Deloitte, Digit Insurance, Digital Fifth, Dr Lal Path Labs, DS Group, DSP Mutual Fund. |
Based on the legacy and excellent placements of DoMS (IIT Madras), I would recommend you choose it over IIM Visakhapatnam for your management studies.
While many may discredit IIM Raipur because it is not an old IIM, I will still choose it over IIT Madras DoMS. My preference is based on the following reasons
To get a deeper insight into the credibility of IIM Raipur try comparing the companies that visit the campus with that of IIT Madras.
IIT Madras is a premiere Engineering college and all the courses are of premium quality and taught by world-class faculty. Talking specifically about DoMS, it has some of the oldest and most highly experienced faculty who are very cooperative and guide the students throughout their journey.
IIT Madras faculty are experts in their area of specialization mainly because my cousin was an M S - Mech student, and had to audit classes, with the Consent Of Teachers in the Management Studies department. She was fortunate enough to avail the opportunity to teach in DoMS. She was impressed by the faculty of the department and shared her wonderful experience.
Not only in academics but the department is also known for its valuable research work done by MS students. Many students even opt for Ph.D. after completing their MS. IIT Madras’ Central Library is no joke given the huge variety of books and unique research materials. It runs 24/7 and one can even photocopy necessary material for research purposes.
Without further hesitation, go for MS at DoMS IIT Madras and you will realize how wonderful a decision it was.
If you are considering pursuing management studies, it is important to choose an institute that provides opportunities beyond the classroom. DoMS at IIT Madras is one such institute that offers several advantages over other institutes.
Here are some reasons why you should consider DoMS at IIT Madras for your management studies:
When choosing an institute for management studies, it is crucial to consider the learning opportunities beyond the classroom. DoMS at IIT Madras offers a holistic learning experience that will help you develop the skills and knowledge required to succeed in the field of management.
IIT Madras is a better choice for pursuing an MBA as compared to the Delhi School of Economics.
If you ask me, I would suggest you choose IIT Madras to pursue an MBA as compared to IIM Nagpur for an MBA.
The Department of Management Studies (DoMS) of IIT Madras was established in 2004 (and IITM has been delivering MBA studies since 2001). On the other hand, IIM Amritsar was established on July 27, 2015. IIT Madras is the first IIT to open its doors to enthusiasts from streams other than engineering. These degrees include- MBA, B.A., B.Sc., B.Com., etc.
Given below are some factors by which you can analyze which is better for an MBA as a fresher:
Particulars | MBA at IIT Madras | MBA at IIM Amritsar |
---|---|---|
Specializations | Finance, HR&B, Information Systems, Integrative Management, Marketing, and Operations. | General MBA |
Curriculum | 1st Year: Data Analytics, Basics of Accounting, Spreadsheet Modelling, Financial Accounting, Marketing Management I, Operations Management, etc. 2nd Year: Business Models, Contemporary Issues in Management, Behavioural Lab etc. |
First Year: basic Financial Accounting, Management Accounting, Business Research Methods, Corporate Finance, Fundamentals of Marketing, Fundamentals of Operations Management etc. 2nd Year: Investment Analysis & Portfolio Management, Entrepreneurship and New Venture Management, Strategic Consulting, Design Thinking & Innovation, Financial Modeling. |
Total Fee | INR 17 lakhs. | INR 12 Lakhs |
Placement | Highest CTC: INR 29.65 LPA Average CTC: INR 16.93 LPA |
Highest CTC: INR 20.57 LPA. Average CTC: INR 16.51 LPA |
I would suggest you choose DoMS, IIT Madras over IIM Amritsar since the former has a legacy and a stronger industry connection. IIM Amritsar has just stepped into this race. Moreover, IIT Madras offers a wide range of specializations in its MBA program.