IIMs give you the brand value that they have garnered over the years. New IIMs are growing at a tremendous pace in terms of placements. New IIMs are better than TAPMI. However, IMT Ghaziabad has an edge in terms of the location and pool of companies that visit the campus.
The table below further gives a head-on comparison of placement statistics of these institutes
|
Particulars |
TAPMI Manipal |
IIM Nagpur |
IIM Vizag |
|
Highest Package |
INR 22.3 LPA |
INR 31.54 LPA |
INR 32.65 LPA |
|
Average Package |
INR 15.7 LPA |
INR 15.21 LPA |
INR 16.61 LPA |
|
Fees |
INR 15.50 LPA |
INR 18 LPA |
INR 16.5 LPA |
So, one can choose to keep these factors in their mind.
If you are 25-26 years of age, I would suggest you go for one more attempt along with your job. If you even get into TAPMI with this much experience there are high chances that you will not get a good placement.
Having this much work experience, you can go for MBA from BLACKI (Banglore, Lucknow, Ahmedabad, Calcutta, Kozhikode, Indore), XLRI Jamshedpur, FMS, and other premium institutes.
These institutes can easily offer a package of more than 25 lacs and even a good strategy and consulting profile and plus you can get a tag for a lifetime which will help you to accelerate your career.
TAPMI charges Rs.16,50,000 fees overall for MBA program and offers an average package at Rs. 12.5 LPA.
SRCC charges Rs. 3.20 Lakh overall and offers an average package of Rs. 13.2 LPA. So, the choice should go to SRCC considering the ROI.
You can check the following table to analyze the same:
|
Institutes |
Average Package (in INR) |
Fees |
ROI (Placement Package/ Fee) |
|
TAPMI |
12.50 LPA |
Rs. 16,50,000 |
0.75 |
|
SRCC |
13.20 LPA |
Rs. 3,20,000 |
4.125 |
You should look at the campus, the placement records, the faculties and connect with the alumni of these colleges before making an informed decision.
TAPMI has a 100% placement record with an average package of 12.6 LPA, while KJ Somaiya’s average package for 2023 is 12.28 LPA.
All three institutes you mentioned - TAPMI, SIBM-B, and IIM B are highly reputed for their MBA/PGDM programs in Bangalore. TAPMI and IIM-B are legacy institutions as they were established in 1980 and 1973 respectively while SIBM-B was established in 2008.
Seems like you are looking for Bangalore colleges only, so I assume you have some constraints regarding shifting to any other city than Bangalore. But if not then you can try and go for some other B-schools in the country. It depends on if you have got calls from all three, in that case go for IIM-B, as it is among the top two or three B-schools in India.
For further assistance below is a table comparing the three colleges on different aspects;
|
Parameters |
TAPMI |
SIBM-B |
IIM Bangalore |
|
Location |
Manipal, Karnataka |
Bengaluru, Karnataka |
Bengaluru, Karnataka |
|
Ranking |
NIRF #38 out of 125 in India 2022 |
India Today #49 out of 281 in India 2022 |
#2 out of 125 in India 2022 |
|
Course Offerings |
PGDM, PGDM-Healthcare, PGDM-BKFS, MSc (Applied Finance) |
MBA, MBA (Innovation and Entrepreneurship) |
PGP, PGPEM, PGPPM, EPGP, EFPM |
|
Batch Size |
Around 500 |
Around 180 |
Around 1,200 |
|
Selection Criteria |
CAT/XAT/GMAT scores, GD/PI, Work Experience |
SNAP scores, GD/PI, Written Ability Test, Work Experience |
CAT scores, WAT, GD/PI, Work Experience |
|
Fees |
INR 16 Lakhs |
INR 19.30 LPA |
INR 24.5 Lakhs |
|
Highest Salary |
INR 22.3 LPA |
INR 21 LPA |
INR 80 LPA (Domestic) |
|
Average Salary Offered |
INR 15.7 LPA |
INR 13.48 LPA |
33.82 LPA |
|
Notable Alumni |
Sushil J. Shah, Priyanka Neogi, Atul Mohan |
Varun Duggirala, Kshitij Jain, Aditi Avasthi |
K. Radhakrishnan, Malavika Harita |
It is subjective as it all depends on your goals and preferences and also the cutoffs, but if you have got enough cutoffs and got a call from IIM-B then go for it without a doubt.
FORE PGDM in International Business is one of the greatest alternatives available in terms of the careers it can lead to, the profiles it can offer, the placements it can secure, and the international experience it can provide. The International Immersion Programme (IIP) at FORE School is provided to students at no additional cost.
|
Parameter |
FORE-IB |
|
Fees |
INR 17,00,000 |
|
Average Package |
INR14,50,000 |
|
Highest Package |
INR 23,00,000 |
|
Eligibility |
Graduation with 50%+ CAT/XAT |
|
Cut Off Percentile |
85 |
No, TAPMI doesn’t discriminate against its students on the basis of whether they have any work experience or not. But if a company visits the college with a specific requirement, the CV Shortlisting is done accordingly and there are companies that don’t want candidates with more than 3 years of work experience.
The Application process starts from November first week and goes till January last week, meanwhile, you have to appear for one of the exams from CAT/XAT/NMAC.
For the shortlisted candidates out of these exams, TAPMI conducts a GD followed by a personal interview. The GD takes place in the month of February based on your slot you will be provided with the dates after the GD they conduct PIs starting in the month of March. TAPMI declare their results at the end of March. TAPMI classes start in the last week of June.
For Indian students or aspirants, TAPMI accepts CAT and GMAT. But for NRI and PIO candidates, evaluation is done on the basis of CAT / GMAT / NMAT / SNAP / ATMA / CMAT / MAT scores.
TAPMI also accepts other management entrance exams such as Xavier Aptitude Test (XAT). TAPMI may also require IELTS from foreign nationals. In addition to the entrance exam, TAPMI also considers past academic performance, work experience, and performance in the Group Discussion and Personal Interview rounds for admission to its management programs.
TAPMI is better than NIRMA. TAPMI has been ranked ahead of NIRMA by the ranking institutions but in the past few years, the average placement package offered and the overall placement of Nirma have increased.
|
Particulars |
TAPMI Manipal |
NIRMA |
|
Highest Package |
INR 22.3 LPA |
INR 30 LPA |
|
Rank (NIRF) |
38 |
45 |
|
Average Package |
INR 15.7 LPA |
INR 12.2 LPA |
|
Fees |
INR 15.50 LPA |
INR 16.3 LPA |
So, make a choice based on your locational or other personal preference.