My heart says FMS Delhi. My brain says IIM Calcutta. Where should I go?

You should make an informed and logical decision rather than being irrational and believing that your heart says something different than your mind.

Getting to FMS vs. IIMC. Both are excellent business schools that have been in operation for many years. However, there is a reason why IIM ABC is mentioned in the same breath as the top three business schools in the country. Every ranking dating back decades has confirmed this. Every Indian is aware of it. FMS, while a good B School, is not compared to IIM ABC because they are superior in every way to any other B School.

When people say that the IIM tag is important, they are correct; however, how much it matters and for which IIMs is a different stories. Even the big four - PwC, Deloitte, KPMG, and E&Y - do not rank IIM ABC and IIM LKI equally. There is a distinct distinction. The rest of the time, you can deduce how much IIM ABC command the tag value over every other IIM. When compared to colleges that are not in the top 15, the tag matters for other IIMs. So, yes, the tag is important, but it is especially important for IIM ABC, which places a high value on the tag. This label is permanent for ABC graduates, but this cannot be said for other IIM graduates.

There are no parallels between IIM Calcutta and FMC Delhi. IIM C is far superior to and ahead of FMS. FMS is simply ranked lower than IIM ABC. You should think about it and make the right decision.