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How do students at IIM Bangalore, IIM Ahmedabad and IIM Calcutta choose their elective courses? Is there any system?
For elective course selection, IIMs usually have a course bidding system. Every student receives 1000 points and has to choose 6 courses. The institutes organize a bidding day. At the scheduled time, everyone needs to login into the system and starts bidding. Each course takes a maximum of around 75 students. On average 200-300 students bid on popular courses such as Finance, Marketing, Strategy, etc. It isn’t wise to use all the bid points on one/two courses. As there are many options to choose from, students usually get a course of their preference.
Do IIM Ahmedabad students get the highest package in the world on an average?
On adjusting the PPP (purchasing power parity), one finds that IIMA graduates earn one of the highest packages in the world, on average. Their packages are at par with other top institutions of the world like Harvard, Booth School and INSEAD.
The living expenses in the US are 5 times higher compared to India. This must be taken into account when comparing the placement packages of Harvard with IIM Ahmedabad.
An average graduate from IIMA enjoys the same standard of living as that from prestigious foreign institutions like Harvard or UC’s Booth school. Even the highest packages of graduates from all these renowned foreign colleges are at par with those of IIMA students.
What would you suggest to an engineering graduate who is about to join IIM Ahmedabad for its Post Graduate program in Managment?
Though it is tough for an IT guy to pursue a management course. But you already have excellent analytical and problem-solving abilities that will be useful to you in the corporate sector because you are an engineering graduate. However, it's crucial to additionally concentrate on enhancing your communication and leadership abilities. I advise utilizing the numerous extracurricular activities and networking opportunities provided by IIM Ahmedabad to develop your overall business knowledge and create deep relationships with your classmates and business leaders.
Perks of Joining IIM Ahmedabad:
- It is the topmost management school in India according to the NIRF report 2023. It has ranked #1 among all top management colleges in India.
- Since 2010, the IIMB has received global accreditation from the EFMD Quality Improvement System (EQUIS). It provides certified management courses in various specializations.
- Additionally, students can apply for merit-based scholarships that have been created by companies and selected alumni.
- IIMs provide 100% placement, and IIM Ahmedabad offers an average salary of INR 31 LPA in their campus placement. The highest packages are about 1 crore.
- IIM Students can draw inspiration from outstanding leaders like Ajay Banga, who is presently the CEO of Mastercard and has also been nominated to run the World Bank. The alumni network is also quite strong.
- There are several prestigious employers, including PepsiCo, Nestlé, Bayer, Olam, Yes Bank, Amul, UPL, FMC, Zepto, Iff, Licious, and Udaan.
What is the lowest undergraduation percentage to get into IIM Ahmedabad or old the IIM?
I know someone who got admission at IIM Ahmedabad and here is his profile.
- Work experience- None (0 years)
- High school percentage- 91.45%
- Intermediate percentage- 76.33%
- Undergraduate percentage- 67.21%
- CAT score: 98.85 percentile
However, I will advise you to not concentrate on these trivial facts. Prepare well and give your best in CAT.
If you manage to score a percentile of 99, then you can confidently anticipate a phone call from any old IIM. After that, it comes down to the way you present yourself in the GD PI round. That would eventually be your real test.
Are girls and boys allowed to stay in each other's hostel in IIM Ahmedabad?
Yes, girls and boys are allowed to stay in each other’s hostel in IIM Ahmedabad. The hostels are not common but you can visit the opposite gender hostels anytime.
This relaxation is because of group studies and assignments which require students in the same group to spend time together in a room.
Does it make sense to drop out of IIM Bangalore for IIM Ahmedabad?
If you had a confirmed admission at both IIM Ahmedabad and IIM Bangalore, you would have been strongly advised to attend IIM Ahmedabad due to its higher international repute and more extensive alumni base.
However, you should avoid leaving IIM Bangalore just to try your luck on the waitlist, which is unlikely to see much movement at IIM Ahmedabad anyway. IIM Bangalore is a fantastic institute in its own right, and you are extremely fortunate to have been accepted.
How useful was the course PGPX in IIM Ahmedabad for your career?
Whether the PGPX course in IIM Ahmedabad is useful for your career depends on what exactly you want to achieve from the course. It could be one of these things:
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Increasing your pay
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Switching industries
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Aiming for a particular position at a particular company
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gaining a holistic view of the organization
As much as this course will help you achieve the above goals, your past experience matters the most. The course can be a driving force in your career but not the main force. It will enhance your skills and personality and not change it. So it's best to keep your expectations from the course low and focus on yourself.
Are the IIMs at Ahmedabad Bangalore and Calcutta equally good, especially regarding placements?
Each of these IIMs has developed its unique personality over the years, and each one has its own strengths and weaknesses.
IIMB intakes people with good and relevant work experience, IIMA seeks a good academic record and a bit of humbleness in a candidate, and IIMC looks for strong analytical skills (it has the highest CAT cutoffs).
During placements, companies that want experienced professionals prefer IIMB, IIMA is visited by companies because of its strong alumni list, and IIMC is preferred by the Banking Sector because of the perception that its students are more quantitatively oriented.
The three of them receive almost the same companies during placements. So for a candidate seeking good career opportunities in a certain field, all three IIMs are equally good. It is just that each one has a certain image associated with its brand, and ranks accordingly in the preference lists of recruiters.
Why is it that most non-engineers end up unplaced at IIM Ahmedabad?
To begin with, being a non-engineer is preferable to being an engineer who pursued engineering because of the survival of the fittest. You may have some non-engineering DNA, which means you have no interest in technology or have lost interest. Understanding some technical concepts and cramming shit semester after semester will not make you a good engineer. Some companies may place you because they need to have a bench workforce. That's all.
If you are interested in engineering, you will excel in whatever company you work for. There is no one who is not placed solely on the basis of their non-engineering background.
How was Shikha Sharma as a student in IIM Ahmedabad?
Shikha Sharma was in the 1978-80 batch. Here are a few of the things that I heard about her from some of my friends at the institute.
- She was an introvert by nature.
- She later got married to her batchmate, Sanjay Sharma. It is said that they started dating during their early days of PGP1. Shikha used to teach Sanjay various subjects.
- She was outstanding at Quants and by default scored too good in all finance subjects.
- Despite being so good at her academics, she did not get placed on day zero. After getting rejected by a number of banks, she found herself placed in ICICI.
She recollects later in life that this was because of the fact that she could never oversell herself at that time.
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