Is it wise to choose FMS Delhi over IIM Calcutta if I wish to pursue entrepreneurship after graduation?
Irrespective of the B school you choose between FMS and IIM Calcutta, you will surely have a bright future with many job opportunities. Had I been in your place I would have gone for IIM Calcutta for the following obvious reasons:
- Infrastructure - IIM ABC are well known for state-of-the-art infrastructure and facilities which is lacking in the part of FMS. The quality of college life is a crucial determining factor for any B School. IIM Calcutta offers a holistic B School experience.
- Brand value: Sole of the most eminent personalities like Indra Nooyi and Ramachandra Guha, have graduated from IIM Calcutta improving its overall brand name. This branch-name comes into play while setting up your own business.
- Alumni network: IIM Calcutta gives access to the elaborate IIM Calcutta alumni base.
- Entrepreneurship: Another major perk of IIM Calcutta is its IIMCIP or innovation park to incubate promising startups. It has produced alumni like Ajit Balakrishnan (founder of Rediff.com) who have started and led successful companies.
FMS too has an elaborate list of successful alumni but IIM Calcutta is clearly a winner here.
For those who claim FMS provides better ROI, I don’t think a 20 Lakh loan might be an obstacle to your entrepreneurial plans. Most education loans have repayment periods of 15+ years and banks waive off interest rates and collateral requirements for IIM students.
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If you have decided that you want to pursue entrepreneurship after graduation, then choosing FMS over IIM Calcutta will be better. FMS Delhi fees are only around 1.92 lakhs. Having no loans after MBA will be useful if you want to start your own business right after graduation. The curriculum of FMS is relatively relaxed so, you will have time to do market research, and work on your ideas.
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Both IIM Calcutta and FMS Delhi are reputed for management studies. IIM Calcutta is ranked 3rd among the management institutes of India, whereas FMS Delhi is ranked 35th by NIRF.
For pursuing entrepreneurship, the comparison between these two institutes can be viewed from two different perspectives. The MBA course fee at FMS Delhi is approximately 10,480/- per year. For IIM Calcutta the first-year course fee for MBA is 27 lakhs. That’s why FMS can be a better option than IIMC as FMS Delhi is one of the most affordable business schools in the country and no loan post one’s MBA might be useful in case one wishes to bootstrap and/or start their venture right after completing the MBA degree.
Furthermore, the academic curriculum in FMS is quite relaxed which might actually give the students pursuing an MBA a lot of time to explore ventures like market research or working on a pilot or finding partners if required.
However, the biggest perk that IIMC offers is the brand name. If two students have the same rank at both institutes, then the student of IIMC will certainly be preferred over the one of FMS. For employability, IIM Calcutta is ranked among the topmost.
Furthermore, the peer group offered by both the colleges is intellectually sound. And if you want to take forward a business idea to convert it into a business or a start-up venture, you will be able to find like-minded individuals pretty easily. Adding to this, both of these institutes have their own functioning entrepreneurship cells that guide students regarding the various aspects of starting up. Adding to that, you will get to meet a lot of alumni who started up on their own which apart from motivating you, can even be helpful in taking advice based on practical experience.
Both these institutes are great options for pursuing an MBA, so choose according to your convenience.
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IIM Calcutta, Kolkata
FMS Delhi Faculty of Management Studies, New DelhiSUBSCRIBE TO OUR NEWS LETTER
