Which should be preferred among IIFT Kolkata and the new IIMs?

IIFT and new IIMs were established during the same time frame and therefore the choice can be a bit difficult. The list of new IIMs consist of quite good and average institutions like IIM Shillong, IIM Rohtak, IIM Ranchi, IIM Raipur, IIM Sambalpur, IIM Jammu, IIM Visakhapatnam, and IIM Sirmaur.

Many of these are performing outstandingly in the field of education but some still lack the requisite reputation. The prominent facts to focus on are described below.

Academics:

• IIFT offers domain-specific courses particularly international business specialization leading to a quite concentrated and exceptional course.

• Indian Institute Of Management offers Postgraduate education, integrated educational programs, doctoral education, and executive education.

• The courses provided at IIMs are in every possible stream like HRM, Accounting, Behavioural Sciences, Marketing, Business Mathematics, Public Policy, Statistics, and general management.

Fee Structure:

• IIMs have a fee range of Rs. 19 Lakhs to Rs. 21 Lakhs for its different courses. IIFT although has an affordable range, only the executive course reaches the maximum limit of Rs. 90 Lakhs.

• The eligibility for the institutes is a valid CAT/ GMAT score.

Ranking & Acceptability

• IIFT has been definitely ranked higher and better than most of the new IIM.

• It is generally preferred by individuals who want to establish their career in trade, logistics, or export.

• Many new IIM was established in 2015 or 2016; due to which they still lack the favourability factor.

• IIM can be preferred by individuals looking for IIM tags while IIFT definitely opens up new doors of possibilities.

Placement details:

• IIFT has by far backed up a 100% placement record offering Rs. 1 crore; with an average package of Rs. 20 LPA.

• In the case of new IIMs mostly the average package lands between Rs. 10 to Rs. 15 LPA.

IIM definitely comes up with a crème de la crème concept and it, therefore, guarantees a bright future ahead; but in the case of individuals having a specialized interest in trade & logistics IIFT is a sure-shot option. New IIMs are definitely a good choice in front of other private institutes as the fee range turns out to be the same. IIM Raipur, IIM Ranchi, and IIM Shillong can definitely be chosen.