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Between IIM Indore and IIM Lucknow, which is best? Which one should I choose for finance?
For Finance, IIM Lucknow will be better. It is older than IIM Indore and offers better career outcomes in the Finance domain.
Reputed consulting companies, Investment banks, and big banks visit IIM Lucknow placements frequently. The job roles offered are similar to that of IIM ABC. During the 2022 placement drive, the average CTC offered in the finance domain was INR 53.34 LPA and the mean salary was INR 32.21 LPA.
IIM Lucknow has more diversified class profile. There’s a good number of Economics majors and CAs in each batch.
Why does IIM Indore give less importance to the CAT percentile?
IIM Indore gives less importance to the CAT percentile because it pays more importance to the aggregate of 10th and 12th class of students. Although every college, specifically every IIM has its own criteria for selecting the candidates, IIM Indore is more into academics and less into the entrance, graduation marks, or even the working experience. Here is the selection procedure for IIM Indore in brief.
Stage I- CAT score has the least weightage in the shortlisting stage. Any student with good academic performance and above-average CAT scores can get a call from IIM Indore. Here is the CAT cutoff for 2020, in IIM Indore.
| Category | VARC | DILR | QA | Overall Percentile |
| General | 80 | 80 | 80 | 90 |
| NC OBC | 70 | 70 | 70 | 80 |
| EWS | 80 | 80 | 80 | 90 |
| SC | 55 | 55 | 55 | 60 |
| ST | 45 | 45 | 45 | 50 |
| PwD | 45 | 45 | 45 | 50 |
The weightage given for the 10th score is 34%. There is the weightage for graduation marks, both for the shortlisting of WAT-PI and the final selection.
Stage II- It consists of the WAT and PI round which you have to clear to appear in the next round. If a student fails to attend this, he/she would be out of the selection process.
Stage III- There is a weightage of 40% marks given to the PI round in the final selection and as the students are already selected based on the academics, it is now in the final selection when 20% aggregate is for the CAT exam.
Therefore, you must have a good academic background to get admission to IIM Indore.
How much should I score in IPM to ensure my admission to IIM Indore? Can any selected student of IPM share his/her aptitude test score?
The choice of questions attempted is critical in IPMAT, and students should aim for an overall attempt of 60-70% with 80% accuracy to secure a good score.
- For the Quantitative Ability (QA) MCQ section, I recommend attempting 60% of the questions with 70-80% accuracy, while for the QA Short Answer (SA) section, attempting 60% of the questions with 9-10 correct answers can lead to a good score.
- For the Verbal Ability (VA) section, attempting around 35-38 questions with 85% accuracy can lead to a good score. Students should analyze their strengths and weaknesses and attempt questions accordingly.
There is no fixed score for admission to IIM Indore through IPMAT, but attempting a good number of questions with high accuracy can help students secure a good score.
Is it better to go for DU BMS instead of IPM of IIM Indore
Since you’ve not given any context to the question, the answer in any normal circumstance would be yes. Let’s understand why spending more than 5 lacs on an IPM degree is not worth your time and effort.
- Fee: BMS DU charges around 50,000 for the entire course where IPM fee is unnecessarily high just because of the IIM tag. I am not saying that there will not be any difference between the curriculum but the difference is not worth the money you’re paying.
- Syllabus: Although IIMs are known for their pedagogy and surely you’ll get professors who will change the way you see a subject. This kind of exposure at such an early stage of your life will widen the possibilities but if we talk about the syllabus of a BBA degree and that of a BMS degree, the difference is pretty evident.
BMS is a slightly analytical degree that would give you an edge over students pursuing BBA or BCOM. I have seen BMS students acing CAT after basic preparation cause of their good grasp on logical reasoning. It’s a given fact that an average BMS students is more likely to score well in CAT than an average BBA/BCOM student.
Is there anyone who regrets joining IPM IIM Indore? Why?
IPM offered by IIM Indore is a relatively new course. The lack of awareness regarding the course may have been a reason for regret for some students who joined initially. Here are some of the factors regarding the course which can be a bit concerning.
- The course fee is too high. So, it may not be a good choice in terms of ROI.
- It’s a long-term commitment since the course is 5 years long.
- Although IPM students sit alongside the PGP students for placements, some companies may prefer PGP students over IPM. As companies tend to consider IPM students as freshers, the average CTC offered to IPM students is less as compared to PGP students.
- IPM course curriculum is still experimental.
These are some of the things that students find most concerning about the IPM course.
What are the career options after the integrated 5years course in IIM Indore?
The integrated IIM course offers a vast number of opportunities for the students. IPM students can be categorized into 2 branches, which are as follows.
Students opting for PGP program: The majority of the students choose this option. The IPM students then sit for the placement process and take posts in Finance, HR, Marketing, Operations, etc, the same as the PGP students who get admission through CAT. However, there are some job profiles in Consulting which do not take IPM students due to their lack of experience.
Students who choose to exit after 3 years: Some of these students apply to different B schools in India or abroad. The course taught in the undergraduate years of the degree is mainly liberal arts. It has subjects such as Economics, Statistics, Psychology, Political Science, Sociology, Communication, etc. So, you can therefore pursue master’s in these courses. Some of the students start preparing for civil services.
If you continue to PGP you will get the same job opportunities and exposure as the PGP students. You also have the option to exit the course after 3 years of the UG program.
If you had to choose between IIM Indore this year, or IIM C next year, what would you choose?
You should always be in the present moment. It is far better to seize this opportunity rather than pushing what you have in hand in the hope of getting something better.
Many individuals have rejected IIMK in the past, believing that they would ace the CAT with a much higher percentile and gain admission to IIM A, B, or C the following year. Many of these people ended up scoring much lower and failing to progress.
You have a desirable offer that many people would have loved to have. You, on the other hand, know yourself better than anyone else. As a matter of fact, the final decision is yours.
How can I answer "Why IPM" in the IIM Indore interview? Please give a sample answer.
The interviewers will ask this question to get to know you better. They will want to know why you chose IPM, and what are your career goals.
You must answer IPM at IIM Indore aligns with your goals and aspirations. They will want to know why you wish to become a part of IIM Indore. Give an original answer and make sure you are honest in your opinion.
Do not fake your reasons. To convince the interviewers, you must be yourself convinced with your reasoning. Give the interviewers several reasons behind choosing IPM at IIM Indore. Doing so will add more depth and authenticity to your reasoning.
Give a crisp and clear answer. Prepare yourself in advance for impromptu questions and cross questioning. Read on the vision, mission and essence of IPM at IIM Indore, and know its curriculum.
Do not use any sample answer for your interview preparation. This will affect the authenticity of your answer.
Which is the best between the IIM Indore and XLRI?
Having friends in both institutes, I can assure you that among the two XLRI stands out. Students of not only XLRI but other institutes as well agree with this fact. It is a very reliable institution.
Let me share some details about the college, I got to learn from my friends studying there -
- It is one of the most renowned and prestigious institutions in India with top-notch faculty.
- The institutes have great infrastructure.
- The alumni network is huge and way better than IIM Indore.
- The admission in XLRI is purely on merit. It helps in offering healthy peer competition among students.
- In terms of placement, XLRI is unparalleled compared to IIM Indore. All of the students get placed within 2-3 days of the placement drive. The average placement offer stands at INR 24 LPA.
- For HR specialization, XLRI would be the best option.
- The diversity of students at XLRI contributed to having multiple viewpoints and its own learning.
|
Categories |
IIM Indore |
XLRI |
|
Highest CTC |
25-35 LPA |
40 LPA |
|
Average CTC |
17-18 LPA |
25 LPA |
|
Recruiting Companies |
Berger, Bosch, Microsoft, TCS, etc. |
Google, L&T, Morgan Stanley, Mindtree, etc. |
There is no doubt, XLRI is one of the best institutions for management.
Are the questions in Pearson's guide to IIM INDORE IPMAT easier than the questions in the exam paper?
Yes, the question in Pearson’s guide to IIM Indore IPMAT is easier than the actual paper. As a matter of fact, the author has been continuously revising the content every year as per the difficulty levels. One of my friends had prepared for his IPMAT from two books, which are as follows.
Pearson's Guide to IIM Indore IPM:
- The questions in this book are a bit easier than the actual IPM entrance exam.
- The book helps to face a lot of challenges in cracking the questions from each topic. It will help in getting out of the comfort zone in quant.
- After learning all the basics, the book will help in revising the topics at a good level. This is an overall good book for preparing for IPM.
GK publication's IIM Indore IPM:
- The questions in this book are of basic level. It is not a book of the standards of the IPM exam but you can practice various topics from different sections at a basic level.
But for preparation of IPM don’t stick to a single book. You can collect previous year’s question papers to get a better overview of the examination.
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