Which would be a better choice of B school between New IIMs (Ranchi, Raipur, etc.), MDI, IIFT Kolkata, IIT-B (SJMSOM) with finance as a specialization?

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Ayush Jain Posted On - Apr 4, 2022
studied at Indian Institute of Foreign Trade, Delhi

Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA. 

You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI. 

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Anish Varma Posted On - Sep 22, 2020
PGPM from Management Development Institute, Gurgaon (2017)

All the colleges mentioned are among the best Business school institutes in the country having earned unprecedented growth in the recent past. One would say the IIT or IIFT branding would help but if one has exceptional knowledge and skill-set then there is a plethora of opportunities on offer. IIM, IIT, MDI, IIFT are dream destinations for business Students.

The below given shows a brief overview of the institutes on various criteria:

Particulars

IIFT Kolkata

MDI

IIT-B (SJMSOM)

IIMs (Ranchi, Raipur, etc.)

NIRF

(2019)

31

10

11

28

Fees

7.6 LPA

9.43 LPA

4.88 LPA

7.8 LPA

Avg. Package

20.7 LPA

22.5 LPA

20.98 LPA

15.11 LPA

Highest package

1.05 crore per annum

40.5 LPA

32.8 LPA

59.36 LPA

Admission:-

  • Admissions in New IIMs (Ranchi, Raipur, etc.), MDI, and IIT-B (SJMSOM) are based on a sectional cutoff of the CAT entrance exam. Students need to clear the CAT along with the Written Ability Test and Interview.

  • IIFT Kolkata has its own written test along with interviews and IIFT considers only the score of its own exam for Admission.

Campus:

All these colleges have Different and knowledgeable faculties who help students learn from the basics by keeping them updated with modern technologies, instilling a coding culture. All institutions have an average size campus with all facilities apart from IIT-Bombay whose campus is large.

Placements:

Here are a few placement statistics to analyze.

IIFT Kolkata

  • Average placement rate of 100 percent.

  • Top recruiters Rivigo, Bata, Roland Berger, Lenskart, UnitedHealth Group, Go-MMT, Paytm, Aegis Resources, Tata Global Beverages and many more.

MDI

  • Average placement rate of 100 percent.

  • IT sector of MDI received the highest number of offers with a total of 34% of total offers.

  • Top recruiters Hinduja Group, Mahindra & Mahindra, RIL offering lucrative roles. Premier consulting firms such as Bain & Co., Deloitte, Digital McKinsey, PwC, and many more.

IIT-B (SJMSOM)

  • Average placement rate of 100 percent.

  • Top recruiters Google, JP Morgan Chase & Co, PwC, Royal Dutch Shell, Barclays, L&T, Ola Cabs, Mu Sigma, Tata Motors, Maruti Suzuki.

  • 14% spike in average stipend since last year.

New IIMs

  • Average placement rate of 100 percent.

  • International recruiter Amazon, Microsoft, Google, KPMG, JP Morgan Chase & Co.

  • Top recruiters Sony Pictures, Ernst & Young, Michael Page, People Strong, Samsung, GAIL, Flipkart and Cadila Pharmaceuticals.

All these three colleges are up to their mark in their various fields. Although a student should see the placement records and further opportunities, ultimately it depends on the interest and ranking of the student.

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