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Is the IIM Udaipur PGPX Program (MBA+MS) from udaipur and Purdue in supply chain management worth the investment?
A Supply Chain Management course offered by IIM Udaipur has recently gained popularity among professionals interested in the field. It is a fantastic course that provides students with a variety of benefits.
One of the key features that drew students to this course was its 15-month program. Time is regarded as a valuable asset, and the program's shorter duration means students will experience less opportunity loss. Furthermore, the course offers a dual degree, allowing students to obtain an MBA and an MS degree from two of India's and the United States' top universities. This is a once-in-a-lifetime opportunity that is rarely available in other courses.
The faculty is also an important aspect of the course. Purdue University and IIM Udaipur are both well-known for having some of the best mentors and faculty members in the field. The education that students will receive is expected to be of exceptional quality.
The course may not be as strong in terms of placement as programs offered by NITIE or IIM A, B, and C, but this also depends on the student profile. Despite this, student placement opportunities are still considered adequate. Furthermore, during their one semester in the United States, students will have the opportunity to network with professionals from both India and the United States, which may lead to overseas job opportunities for students who are interested in working abroad.
The investment in a college like this, which costs around 30 lakhs, will take time to pay off, but this course is highly recommended for professionals who want to change fields or have low earning potential in their current job/profile.
Which IIM should I prefer out of IIM Udaipur, IIM Trichy, and IIM Ranchi?
I think that Udaipur is one of the most underrated IIMs. To elaborate on this point let me enlighten you with some amazing facts about it
- IIM Udaipur is the youngest B-school in the world to rank in the top 100 FT(Financial Times) Masters in Management ranking globally.
- It ranks better than IIM Indore
- It is ranked along with IIM Indore in the 101+ category in the World QS Ranking
- IIM Udaipur is the youngest B-school in India to get AACSB Accreditation.
- IIM Udaipur is ranked 4th in Research in India in the research ranking by UT Dallas and has overtaken Calcutta which is in the 5th position
In reality IIM Udaipur is an IIM that has an extensive research culture. The rankings are a reflection of how quickly it has climbed the ladder. It is due to its high-quality research that many excellent permanent faculty has become a part of IIM Udaipur. This does not make it the best IIM but still, it is heading toward becoming the best.
Another major attraction of this institute is its impartial nature in every aspect be it placements or admissions. The students are not deceived at any point at all.
The placement statistics are seeing a gradual improvement over the past few years.
|
Particulars |
Placement Statistics |
|
Placement Percentage |
100% |
|
Batch size |
315 |
|
Number of Recruiters |
184 |
|
Highest CTC |
INR 35.96 LPA |
|
Average CTC |
INR 19.5 LPA |
|
Top Recruiters |
American Express, Asian Paints, PwC |
These figures are expected to rise in the coming years. All this makes IIM Udaipur a good choice.
Which B School should I join amongst: IIM Udaipur, NMIMS or IIM Trichy?
Recommendations on joining an IIM:
For individuals who come from top tier engineering colleges (such as IITs or BITs) and have a salary of more than INR 10 lakh per year in the tech sector:
- It is not advisable to join any new IIMs unless you are looking to change your domain or are in a particularly difficult situation.
- Do not expect to gain a lot of knowledge or make friends with similar backgrounds at new IIMs, as the student body tends to have mediocre backgrounds and may not be well-informed about industry trends.
- Do not join a new IIM based on the media relations people who promote the institute on Quora, as they may not understand your level or expectations.
For individuals who are not from top colleges and have a salary of less than INR 5-6 lakh per year:
- It may be beneficial to join a new IIM, as it could potentially improve your situation.
- It is generally a good idea to join a new IIM without hesitation, as it may have a significant impact on your life.
For individuals who come from top tier engineering colleges and have made poor decisions in their lives:
- It may be worth considering attending a new IIM if you are willing to endure two years of academic study in order to improve your career prospects.
For entrepreneurs or aspiring entrepreneurs:
- Consider the return on investment before committing to a new IIM. It may not be worth incurring a debt of INR 16 lakh and spending two years with mediocre peers if it is not likely to lead to a good job and a successful career. It is important to carefully weigh the potential benefits and drawbacks before making a decision.
Which one is better, IIM Udaipur or IIM Trichy?
Both of these colleges belong in the same tier of B-School, but IIM Udaipur has a slight edge over IIM Trichy. IIM Udaipur is an academically driven place. You will get access to good learning opportunities. It also maintained a good placement record over the years. IIM Udaipur placements 2022 highlights the average and highest CTC offered was INR 19.5 LPA and INR 34.96 LPA.
What is the highest package of IIM Udaipur?
Given below is the tabulated form of Placement Statistics of IIM Udaipur 2022
|
Particulars |
Statistics |
|
Placement Percentage |
100% |
|
Batch Size |
315 |
|
Number of students participating |
315 |
|
Number of recruiters |
184 |
|
Number of students placed |
315 |
|
Highest CTC |
INR 35.96 LPA |
|
Average CTC |
INR 19.5 LPA |
|
Median CTC |
INR 15.6 LPA |
So during the 2022 Final Placements, the highest CTC of INR 35.96 LPA was offered. Some major recruiters include
- American Express
- Asian Paints
- PwC
What is the placement scenario at VGSoM (IIT Kharagpur) when compared with new IIMs like Ranchi, Raipur, Kashipur, Trichy, Udaipur, and Rhotak?
In 2022, the VGSOM IIT Kharagpur business school achieved a 100% placement rate for its students. All 97 students who registered for the placement process were successfully placed in jobs. The highest salary package offered during the placement process was 31.98 LPA, while the average package was 19.36 LPA. These strong placement results demonstrate the success of VGSOM IIT Kharagpur in preparing its students for the job market and the value that employers place on its graduates.
Here is an individual's experience at IIT Roorkee, which was one in which he received admission to the institute in 2004 after having eight years of work experience. At that time, the management programs at IITs were relatively new and placements were not as strong as they are now. Despite this, he decided to attend IITR and focus on their studies and enjoying their MBA experience, rather than worrying about job prospects. As a result, he performed well academically and was able to secure an okay job in the IT industry. Through hard work and dedication, he was able to triple his salary within four years and work on projects in various countries. Ultimately, he retired in 2010 to travel and is still doing so seven years later. He believes that both IITs and new IIMs are good options for business education and that it ultimately depends on the individual's goals and priorities. He advises focusing on academics and enjoying the experience, as a job will eventually be obtained.
Which IIM is the best (IIM Kashipur, IIM Udaipur or IIM Tiruchirappalli)?
Depending on who you ask, this question has a variety of answers. The majority of the students, faculty, and business representatives you'll come into contact with, however, rank Kashipur last among the three colleges mentioned.
Most people, especially in the south, prefer Trichy over Udaipur when it comes to placements. However, in the past two years, people from Mumbai, Calcutta, and Delhi region have also made this recommendation. One reason for this is that Udaipur is overly dependent on its director, who, according to reports, has a narrow perspective on placements. Contrarily, Trichy is thought to take a more well-rounded and superior approach to academics, extracurriculars, and placements. This is why Trichy was chosen over Udaipur.
What would I chose SIBM, Pune or IIM UDAIPUR considering IIM brand, growth of new IIMs and covid situation?
Your parameters to judge a college are wrong. You cannot decide a college’s suitability and worth just through these points. You need to look up at what it is offering currently and where it will be standing in the future. Let’s divide this into 2 parts
Short-sighted approach: This includes analyzing the present opportunities offered by the college, its placement reports and the companies it attracts. Most students focus on this only which is not right. It sure is important to look up and compare the opportunities provided by the two colleges. But this cannot be the sole factor in deciding it.
Long-sighted approach: This involves researching and analyzing where the college stands in the future, maybe in 10-15 years. This is especially important in case of IIMs which carry the hierarchy of the older IIMs and have a credibility to climb the ladder. You check the potential of the college because it won’t be just a source to kick start your career but will remain attached to you for the rest of your life.
So what you need to do first is look up at and compare the opportunities offered by the 2 colleges and then see which college has the most potential.
What is a better choice, IIM Udaipur or FMS Delhi, and why?
FMS Delhi is a better choice among these. It is among the top B-Schools in the country and offers excellent ROI. FMS Delhi fees are only 1.92 lakhs. While the average CTC offered by the institute is INR 32.4 LPA. The institute achieved 100% placements this year.
In terms of placement, ROI, academic, and brand recognition, FMS is better than IIM Udaipur.
If you had to made a decision between joining XLRI-NCR Campus or IIM Udaipur, Which would you chose and why?
If I had to make a choice between the two colleges, my decision would have been to go for XLRI-NCR campus. Some strong points that favor my opinion are
- Brand: The brand name of XLRI is very strong and not comparable to the new IIMs.
- Campus: IIM Udaipur campus is still incomplete whereas XLRI has a permanent campus with world class facilities.
- Pedagogy: The pedagogy is almost similar to that of the original branch of XLRI. This means most electives will be taught by renowned professors from XLRI itself. The pedagogy of IIM Udaipur is nowhere near that of XLRI.
- Placements: The best part of placements here is that the summer and final placements of both the institutes (XLRI Main campus and NCR campus) are held together. This opens doors for top consulting and FMCG companies that do not visit the IIM Udaipur campus. A slight comparison between the placement statistics of the 2 B Schools is given below
|
Particulars |
IIM Udaipur |
XLRI NCR |
|
Batch Size |
315 |
427 |
|
Number of recruiters |
184 |
99 |
|
Highest CTC |
INR 35.96 LPA |
INR 49 LPA |
|
Average CTC |
INR 19.5 LPA |
INR 27.58 LPA |
I hope the above points are enough to convince you to go for IIM Udaipur.
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