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Which college should I choose between XIMB and IIM Nagpur?
You might want to consider XIMB for your MBA studies because they have a stronger brand presence and a larger alumni network compared to IIMN. While IIMN is a newer institute and has seen rapid growth in recent years, it is still considered a tier 2 college in the business school market, whereas tier 1 status is reserved for the top 15 colleges. While the quality of students at both XIMB and IIMN may be similar, with a slight difference in percentile scores, both colleges have a lower representation of students from top undergraduate institutions such as IITs, NITs, and DU.
XIMB has also established strong international relations with schools such as KEDGE and WARSAW Economics, which can be a valuable resource for students. While the return on investment for an MBA from XIMB may be lower compared to other schools, it is important to remember that an MBA is an investment in your future career. Additionally, XIMB has a strong faculty with a pool of experienced professors and also has to visit faculty from XLRI, which is part of the same Jesuit trust. Overall, it is important to choose wisely and consider all factors when deciding on an MBA program.
What is the concept of the wait list going on in IIM? How many wait lists did IIM Nagpur release?
The waitlist movement at IIM Nagpur is a pretty simple process. Let’s understand the entire process through steps.
- Firstly the waitlist students are divided into 3 groups namely Waitlist 1, Waitlist 2 and Waitlist 3.
- The above categories are made on the basis of the composite score in descending order
- Whenever a student does not accept the order or withdraws admission, his seat is offered to the person with the highest composite score in Waitlist 1 category.
- This process continues till the entire Waitlist 1 group has been offered a seat.
- The other two Waitlist groups are also exhausted in similar ways only if there are vacancies.
The ones who had laid Waitlist money get the amount refunded in case they are not offered a seat.
Is IIM Nagpur a better choice than SIBM Pune?
IIM Nagpur recently concluded the final placements for the sixth batch of its flagship MBA program, reporting a 15% increase in average salary to Rs. 15.21 LPA for the 2020-22 batch. Despite an increase in tuition for the 2022-24 batch, the 2-year program fees remain at Rs. 18 lakhs. The current batch, which was the first to experience a hybrid learning model, successfully completed campus placements virtually. IIM Nagpur attracted recruiters from a variety of sectors including consulting, BFSI, FMCG/FMCD, ITES, e-commerce, manufacturing, and logistics.
Similarly, SIBM Pune, the flagship institute of Symbiosis International University, successfully completed its campus recruitment program for the 2020-2022 MBA flagship and leadership & strategy batch. The institute saw record numbers this year, with over 100 organizations participating in the recruitment drive across sectors such as automotive, BFSI, consulting, FMCG/FMCD, healthcare & pharmaceuticals, IT/ITES, and manufacturing, among others. This success can be attributed to the institute's student-driven culture, strong corporate engagement model, and rigorous academic program.
According to the placement report for the 2021-22 batch, the institute saw a 49.77% increase in the highest salary, which stood at INR 45.5 LPA. The average salary for the batch was INR 23.06 LPA, with female students receiving an average of INR 24.81 LPA and male students receiving an average of INR 22.31 LPA. These figures demonstrate the strong performance of the batch in the job market and the value that employers place on the institute's graduates.
My Brother got a call from IIM Nagpur and Jamnalal Bajaj for MBA. What should he do?
Your brother should choose Jamnalal Bajaj for MBA. JBIMS follows a better pedagogy for MBA. It is an old reputed management institute with a large alumni base. You can get a lot of advantages from their strong alumni network. The institute has a decent placement record. During the 2021 placement drive, the mean CTC offered to students was INR 23.16 LPA.
Is it worth to join in IIM Nagpur? How far it is comparable with old IIMs? How about ROI there
Let’s compare IIM Nagpur with the older IIMs generally. IIM Nagpur lacks in the following aspects
- Permanent Campus
- Permanent faculty
- Good number and standard of peers
But what’s amazing is that these shortcomings don’t bring down their worth even a bit. It has more merits than demerits. Some include
- IIM Ahmedabad’s mentorship brings in the best faculties and helps maintain a learning environment.
- Various industry interaction programs are held to inculcate management skills and live experiences
- It enjoys a good location advantage as it attracts companies from around the country
- The Foreign Exchange Program provides excellent exposure to the international corporate world
- Lower fees compared to other IIMs
- The hostel and infrastructure facility are at par with that of other IIMs.
Coming to the ROI, IIM Nagpur definitely excels at this one. This is because its fees are lower than other IIMs while the packages offered are almost similar. At the end of the day what matters is that despite being a new IIM it has grown leaps and bounds and it is expected to do more in the future.
Is it good to join IIM Nagpur for a person with 3 years of experience earning around 8.5 PA?
It depends on the individual's career aspirations and the options they have at their disposal. Many people left some of the big names with packages more than what has been stated, to come to IIM Nagpur. If one is looking from a short-term perspective, they may not gain much monetarily as IIM Nagpur is one of the newer IIMs. However, this does not mean that after completing a PGP, they will end up earning the same salary as their current one. It simply means not to expect the same coveted profiles of consultants that IIM ABC manages to secure for its students. The placement for the first batch of students has begun and it seems to be going well and is expected to improve in the future.
When it comes to the most important aspect, learning, and experience, studying at one of the IIMs ensures access to some of the best people as peers, with experience in different domains and industries. The opportunity to learn from the best faculty in the country, all of whom come from IIM A, is something that cannot be measured in monetary terms. The academic rigor and the knowledge gained here will differentiate one from others in the long run. The two 15-day Field Immersion Programs after the first and second terms are unique to IIM Nagpur, where students will get hands-on experience in solving problems of both government and non-government organizations, which will prove beneficial in the challenging corporate world. The program was proposed by IIM-A alumni when the program structure for IIM Nagpur was being drafted.
Finally, it is important to remember that there are many elements included in an MBA program and CTC is only one of them. One should not let their current or near-term CTC determine what they will gain from a PGPM from IIM Nagpur.
How are SIOM and SIBM B as compared to tier 4 and tier 5 IIMs like Ranchi, Raipur, Udaipur, Nagpur, Amritsar, etc.?
IIM Trichy, Ranchi, Raipur, Udaipur, Kashipur, and Rohtak are way ahead of SIOM and SIBM-B. The average package at these new IIMs is greater than INR 11 LPA whereas the lowest packages at these institutes are around INR 6.5-7.5 LPA. You will be astonished to know that the lowest package at these IIMs is almost equal to the average package at SIOM and SIBM-B.
Moreover, IIMs is in itself a brand and therefore promises better growth. This is the reason that these new IIMs despite their early establishment are at par with SIBM-Pune and SCMHRD.
Is it worth doing a 1-year course from TSW - IIM Nagpur General Management? I have around 8 years of work experience in different domains and now in SAP.
It is important to recognize that while an executive education or a distance learning course may not provide the same level of knowledge as a full-time MBA program, they do have the power to add the prestigious brand value of IIMs to one's name. This brand value can prove to be highly beneficial in the later stages of one's career, particularly in middle and senior management roles.
Therefore, when considering such a course, it is crucial to choose the course and institute wisely. For example, a course offered by IIM Ahmedabad will carry more brand value than one offered by IIM Nagpur, and a specialized strategy course will likely have a greater impact than a general management course.
As an individual who is an SAP professional, one might soon find themselves moving into project management and then on to program management. It is important to note that clients are often drawn to well-known and reputable names, and having an IIM tag next to one's name can add immense value when pitching to clients or responding to RFPs and RFQs.
Which will be a better choice, IIM Nagpur or FMS in Delhi?
FMS in Delhi is unquestionably a better choice than IIM Nagpur.
FMS is compared to the older IIMs, specifically the top three. That's when there can a confusion as to which one to choose. IIM Nagpur, on the other hand, is a newer IIM, and despite the fact that it is an IIM, the very bright students would go there, and they will undoubtedly have a very good placement record, though we do not yet have enough data to validate this. And FMS is a well-known college, with statistics demonstrating its stellar campus placement record and exceptional alumni base.
In addition, the Return on Investment (ROI) for FMS is higher because their tuition is lower than that of IIMs.
Should I prefer IIM Nagpur over IIM Trichy, even I have taken admission in Trichy but I have chance to get 100% scholarship in IIM NAGPUR? What should I do?
In MBA, fees is the major concern, as the repayment of the loan taken for the courses is a tough task.
IIM Trichy is far superior to IIM Nagpur in terms of reputation and performance, and everyone will choose Trichy. However, if you are receiving a 100% scholarship, I recommend choosing Nagpur because you won't have to take out a loan to cover your tuition, which will be extremely advantageous for your future job.
You will have a better ROI if you choose college with 100 percent scholarships. Also, IIM Nagpur is the most developing IIM among the new generation IIMs.It has its own permanent campus and better placements records.
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