Will good institutes like TAPMI, MDI Murshidabad, and Goa Institute of Management lose out to the baby IIMs due to their location disadvantage?

First, the location of a management institute is not a significant factor in its success, as evidenced by the fact that companies will go anywhere to obtain the best solutions. Second, the cut-off percentile for admission is the most critical factor that determines the quality of students admitted and, therefore, the success of an institute.

All institutes, including TAPMI, MDI Murshidabad, and Goa Institute of Management, will lose out to the baby IIMs, regardless of their location, because the baby IIMs have set their cut-off percentile at around 96%. As a result, the baby IIMs will attract uniformly intelligent students, which will build confidence among students and eventually, the corporate world. Baby IIMs will eventually catch up and be as good as older IIMs and IITs.
While students are the most important aspect of a management institute's performance, professors, research, curriculum, and infrastructure also matter. An institute's location can help attract top faculty, improve research, and provide industry networks and collaborations.