Is it good to join IIM Nagpur for a person with 3 years of experience earning around 8.5 PA?

It depends on the individual's career aspirations and the options they have at their disposal. Many people left some of the big names with packages more than what has been stated, to come to IIM Nagpur. If one is looking from a short-term perspective, they may not gain much monetarily as IIM Nagpur is one of the newer IIMs. However, this does not mean that after completing a PGP, they will end up earning the same salary as their current one. It simply means not to expect the same coveted profiles of consultants that IIM ABC manages to secure for its students. The placement for the first batch of students has begun and it seems to be going well and is expected to improve in the future.

When it comes to the most important aspect, learning, and experience, studying at one of the IIMs ensures access to some of the best people as peers, with experience in different domains and industries. The opportunity to learn from the best faculty in the country, all of whom come from IIM A, is something that cannot be measured in monetary terms. The academic rigor and the knowledge gained here will differentiate one from others in the long run. The two 15-day Field Immersion Programs after the first and second terms are unique to IIM Nagpur, where students will get hands-on experience in solving problems of both government and non-government organizations, which will prove beneficial in the challenging corporate world. The program was proposed by IIM-A alumni when the program structure for IIM Nagpur was being drafted.

Finally, it is important to remember that there are many elements included in an MBA program and CTC is only one of them. One should not let their current or near-term CTC determine what they will gain from a PGPM from IIM Nagpur.