It depends on your profile. If you are a general category student with good academic records - more than 85 percent throughout 10th, 12th, and graduation, then old IIMs will be better.
If you aren’t getting the old IIMs, you can consider new IIMs like IIM Nagpur, Sambalpur, Vizag, Amritsar, Sirmaur, and Bodhgaya. Being part of any recently established institute is a different experience altogether. You will get to set the culture on campus which your juniors will inherit. These baby IIMs have decent placements. You will get placement opportunities through campus drive if you have a good academic record. Here are the average CTC statistics for these IIMs.
Institute | Average CTC |
IIM Nagpur | INR 15.21 LPA |
IIM Vizag | INR 15.06 LPA |
IIM Amritsar | INR 14.63 LPA |
IIM Sirmaur | INR 12.74 LPA |
IIM Bodhgaya | INR 12.36 LPA |
IIM Sambalpur | INR 12.64 LPA |
If you are willing to work hard and want to take advantage of opportunities that come with newly established institutes, then you should join these new IIMs.
Your brother should choose Jamnalal Bajaj for MBA. JBIMS follows a better pedagogy for MBA. It is an old reputed management institute with a large alumni base. You can get a lot of advantages from their strong alumni network. The institute has a decent placement record. During the 2021 placement drive, the mean CTC offered to students was INR 23.16 LPA.
IIM Nagpur recently concluded the final placements for the sixth batch of its flagship MBA program, reporting a 15% increase in average salary to Rs. 15.21 LPA for the 2020-22 batch. Despite an increase in tuition for the 2022-24 batch, the 2-year program fees remain at Rs. 18 lakhs. The current batch, which was the first to experience a hybrid learning model, successfully completed campus placements virtually. IIM Nagpur attracted recruiters from a variety of sectors including consulting, BFSI, FMCG/FMCD, ITES, e-commerce, manufacturing, and logistics.
Similarly, SIBM Pune, the flagship institute of Symbiosis International University, successfully completed its campus recruitment program for the 2020-2022 MBA flagship and leadership & strategy batch. The institute saw record numbers this year, with over 100 organizations participating in the recruitment drive across sectors such as automotive, BFSI, consulting, FMCG/FMCD, healthcare & pharmaceuticals, IT/ITES, and manufacturing, among others. This success can be attributed to the institute's student-driven culture, strong corporate engagement model, and rigorous academic program.
According to the placement report for the 2021-22 batch, the institute saw a 49.77% increase in the highest salary, which stood at INR 45.5 LPA. The average salary for the batch was INR 23.06 LPA, with female students receiving an average of INR 24.81 LPA and male students receiving an average of INR 22.31 LPA. These figures demonstrate the strong performance of the batch in the job market and the value that employers place on the institute's graduates.
FMS in Delhi is unquestionably a better choice than IIM Nagpur.
FMS is compared to the older IIMs, specifically the top three. That's when there can a confusion as to which one to choose. IIM Nagpur, on the other hand, is a newer IIM, and despite the fact that it is an IIM, the very bright students would go there, and they will undoubtedly have a very good placement record, though we do not yet have enough data to validate this. And FMS is a well-known college, with statistics demonstrating its stellar campus placement record and exceptional alumni base.
In addition, the Return on Investment (ROI) for FMS is higher because their tuition is lower than that of IIMs.
As a current student at IIM Vizag, you can vouch for the fact that the institute has outperformed many of the newer IIMs despite being relatively young. The placement report available on the official website speaks to the confidence that the industry has in the institute and its students, and this is reflected in the strong job offers received by graduates.
But beyond just looking at placement reports, it is important for MBA students to have exposure to real-world business problems, and IIM Vizag provides this through classroom discussions, guest lectures, business conclaves, and corporate competitions.
In addition to academic pursuits, life at IIM Vizag is enriched by a range of festivals, celebrations, competitions, and cultural and sports events. Nurtured by its parent institute IIM Bangalore and supported by a talented faculty, IIM Vizag offers a vibrant and fulfilling experience for students, and if you are fortunate enough to be selected for the program, you can look forward to living and studying in the beautiful city of Visakhapatnam.