It is currently too early to provide a definitive answer regarding the outcome of your question. However, there are cases where students were in a similar situation as you and become anxious as well as desperate to want a seat. It is advised to have patience and go with the flow.
There was a case where a student had a waitlist number of 2XX, and no one was convinced that it is possible to convert at that number. However, due to various factors such as the uncertainty caused by Covid, online classes, and other factors, the waitlists may go even further than in previous years. He received an admission offer to IIM Sambalpur, which was something he had been waiting for.
There may be many factors that come into play such as external and internal factors that may influence the process, such as batch strength. It is important to keep an open mind and have patience as the outcome may be different from what you expect.
Some facts about IIM Sambalpur are
IIM Sambalpur is a new IIM and obviously lacks the credibility enjoyed by older IIMs. But it is not a very bad choice if you are just looking for a degree to add to your resume. Moreover, the IIM tag is bound to be helpful on one or the other day. In case you have limited options then forgoing IIM Sambalpur’s offer is not right. After all, it is an IIM and is still preferred over other B Schools by many corporations. The basic placement statistics below might help you get a deeper insight into the same
Highest CTC: INR 30 LPA
Average CTC: INR 12.64 LPA
Median CTC: INR 11.42 LPA
IIM Sambalpur will definitely not offer opportunities as good as other old IIMs but the IIM tag is tempting enough to grab the offer.
The Government's decision to establish institutions such as IITs and IIMs is driven by several factors, including the need to provide more opportunities for the country's large and talented population. In addition to this, these institutions also play a significant role in the economic development of the country. For example, the establishment of IITs, NITs, and IIMs in places such as Kharagpur, Silchar, Kozhikode, and Shillong has led to the development of these areas and the surrounding regions, which is known as decentralization of development.
When the Government decides to set up an institution of national importance, several factors are considered when choosing a location, including proximity to means of communication, proximity to industries, and proximity to other good educational institutions. For example, Sambalpur is well connected to the National Highway and is located in the industrial belt of Orissa, with many companies in and around the area. Additionally, there are already many well-established state institutions such as VSSUT, VSS medical college, and Sambalpur University, which makes the area an ideal location to establish an educational hub.
It is important to note that the absence of an airport does not necessarily impede the ability of an educational hub to attract talent or placement opportunities. As can be seen in the case studies of IIT Kharagpur and NIT Rourkela, these institutions have become high-quality institutions despite the lack of an airport. As long as the quality is maintained and institutions attract talented students, the majority of the work toward creating a successful educational hub is done.
Now as covid - 19 is not on the rampage it was two years ago so you can join the college campus without any fear.
Coming back to which one you should choose among the two and join, it is your personal choice which depends on your goals and preferences. Below is a table comparing the two colleges on the basis of fees highest salary package, average salary package, and the median salary package as of 2023 figures;
|
Criteria |
SCMHRD |
IIM Sambalpur |
|
Fees |
INR 22.1 lakhs |
INR 11 lakhs |
|
Highest Salary Package |
INR 67.60 LPA (International) INR 35.02 LPA (Domestic) |
INR 64.15 LPA(International) INR 64.61 LPA(Domestic) |
|
Average Salary Package |
INR 23.71 LPA |
INR 16.64 LPA |
|
Median Salary |
INR 22 LPA |
INR 16 LPA |
It is completely normal to have an interest in both finance and marketing, as they are both important and widely applicable areas of business. To explore your interest in finance, there are many short, introductory courses available on platforms like Udemy that can be completed at a relatively low cost, such as for no more than INR 500. Additionally, you can read basic finance books from any commerce background to gain a solid foundation in the subject. Similarly, for marketing, there are many courses available on platforms like Udemy, as well as other sites. However, it is worth considering that pursuing an MBA program with a fresh mind and an open outlook for many possibilities may be beneficial for gaining a comprehensive understanding of marketing.
In addition to gaining specialized knowledge in finance and marketing, it is also important to have a good understanding of MS Excel and Powerpoint. These skills are widely used in the business world and will be beneficial for any professional in any vertical or specialization.
The decision on whether or not to take a break and join an IIM depends on your current situation. If you feel that you are at a point where you are no longer making progress in your current role or are at risk of becoming stagnant, it may be beneficial to take a break and pursue an IIM degree. As you are still young, you have a long and promising career ahead of you.
Having a degree from any one of the Indian Institutes of Management (IIMs) will open up a multitude of career opportunities and will be a valuable asset to you throughout your professional journey. An IIM degree is widely recognized as a premier business education and will give you the skills and knowledge to excel in a variety of roles and industries. Additionally, it will provide you with a network of accomplished professionals who will be valuable contacts throughout your career.
IIM Sambalpur has concluded its summer internship placement for MBA batch 2023-25 with a 100% placement record. Some of the top recruiters that participated were Boston Consulting Group (BCG), PwC, EY, Accenture, Gartner, Vedanta Group, ICICI Bank, Micron, Reserve Bank of India (RBI), Bennett Coleman & Co. Ltd. (The Times of India), Tata Capital, Red Bull, AkzoNobel, Kansai Nerolac Paints Ltd, ProcMart The Belgian Waffle Co, VEGROW and Perceptive Analytics.
The MBA batch 2022-24 also achieved a 100% placement for the batch of 193 students. The average stipend recorded was INR 65,382, which was 6.14% higher than the previous year. The median stipend stood at INR 40,000 and the highest stipend at INR 2,00,000.
The average stipend for the female students was INR 69,256 and for the male students were INR 63,310. Most number of students received offers inthe Sales & Marketing domain, followed by Operations. The domain-wise offers made to the students are as follows:
| Domain | Percentage of Offers |
|---|---|
| Sales & Marketing | 49% |
| Operations | 22% |
| General Management | 10% |
| IT/ Analytics | 5% |
| Consulting | 3% |
| HR | 3% |
The sector-wise placement of IIM Sambalpur are as follows:
| Sectors | Percentage of Offers |
|---|---|
| BFSI | 27% |
| Media and Entertainment | 22% |
| Ed-Tech | 16% |
| IT/ ITeS | 9% |
| Infrastructure and Manufacturing | 6% |
| Pharma & Healthcare | 5% |
| FMCG/ FMCD | 5% |
| Consulting | 4% |
| Conglomerate | 3% |
| Others | 3% |
IIM Sambalpur has a private alumni network some of them include: