Should I Leave IIM Ahmedabad admission offer for RBI Grade B?
Let’s talk about the advantages and disadvantages of these options before choosing one of them.
RBI Grade B -
- RBI comes only after UPSE. Considering the political pressure of UPSE, RBI can be the best job in India.
- The salary package is similar to the median CTC offered at IIMA.
- RBI has great job security, irrespective of the ruling party. Govt. policies like privatization won’t affect RBI.
- Posting will be always in the state capital.
- RBI jobs have a great work-life balance.
IIMA -
- Batch size of IIMA is over 400. You will have to do exceptionally well to stand out from the crowd and bag offers from top investment banks and consulting firms.
- The course fee for the PGP is INR 23 lakhs. This can be burdensome for some students. Even if you get an INR 25 LPA CTC, after paying education loans, tax, EMI, etc, you will have around INR 1 lakh in hand.
- Many quit investment banking jobs or consulting jobs after a few years due to huge job pressure.
- The Covid-19 recession caused many recruiters to withdraw their offer even for IIM A,B,C. There are a number of things that can affect final placements.
Factor in all these points to make the decision that’s best for you.
Comments
It relies on the individual and his goals in life. If you want to be an entrepreneur, want global exposure, good pay, or you just want to accumulate degrees or create a network, then you should go to IIM Ahmedabad. But things wouldn't be this easy.
IIM A is a reputed institute and many notable people have graduated from here. Leaving IIM Ahmedabad for RBI Grade B might not be a good choice but after all it is finally your decision. But before you plan on choosing RBI Grade B, let's go through the alumnus of IIM Ahmedabad.
- K.V. Kamath. He is the chief of the New Development Bank of BRICS countries.
- Kiran Karnik. He served as a Director in Central board of directors of Reserve Bank of India.
- Arvind Subramanian. He was the Chief Economic Adviser to the Government of India.
- Ajay Pal Singh Banga. He is the President and CEO of Mastercard.
- Shikha Sharma. She was the former CEO of Axis Bank.
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Categories |
IIM A |
|
Course Fee |
10-23 lakh |
|
Placement Percentage |
90-100% |
|
Highest CTC |
55-60 LPA |
|
Average CTC |
23 LPA |
A total of 153 companies participated in the placement programme offering 182 job offers to their students. The top recruiting company was McKinsey & Co. Other recruiting companies include Google, Amazon, Microsoft, KPMG, EY, Asian Paints, Loreal, Accenture, Barclays, American Express, Citi, Aditya Birla Group, etc.
IIM As decision to include all types of students for a varied and diverse class has proved effective in India. IIM A is capable of taking their students in positions where RBI cannot reach in the 50 years of its service.
Comments
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